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Friday, April 3, 2020

Wall Street braces for March jobs report after 6.6M unemployment claims

The March jobs report is to be released, a "Safer at Home" order takes effect in Florida, HBO offers free streaming and more news you need to know Friday. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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Daily Briefing
Friday, April 3
Trader Vincent Napolitano works on the floor of the New York Stock Exchange, Monday, March 2, 2020.
Friday's Daily Briefing: Jobs report follows 6.6M unemployment claims
The March jobs report is to be released, a "Safer at Home" order takes effect in Florida, HBO offers free streaming and more news you need to know Friday.

We made it to Friday, Daily Briefing readers! Here's a list of new things to stream while you're social distancing this weekend for people (like me) who have already binged all of "Tiger King." And here's 100 other things you can do while you're stuck inside.

Today, investors are eyeing the March jobs report, Floridians start staying at home, and small businesses may get some financial relief.

It's N'dea, and here's the news you need to know as you head into the weekend.

Coronavirus and the economy: Closely watched March jobs report on tap

Investors will be paying close attention Friday when the Labor Department releases its March jobs report, the first since the coronavirus pandemic hit the U.S. in earnest.  The new data comes one day after the government reported that first-time unemployment claims doubled to 6.6 million from last week's record-setting 3.3 million — a vivid illustration of the damage COVID-19 has done to the economy. Friday's report is likely to reflect only a fraction of the job losses, however, because the survey was taken the week ended March 14, before most of the layoffs occurred. Economists surveyed by Bloomberg estimate the Labor Department's report will reveal 100,000 net job losses, including layoffs and hiring.   

A record 6.6M Americans file for unemployment benefits as coronavirus wreaks havoc on economy
'Really overwhelmed': Americans are facing mounting issues filing for unemployment during COVID-19 crisis
Poll: Americans choose saving lives over saving US economy

'Safer at Home' order takes effect in Florida

Florida on Friday joins the more than 30 states that have statewide restrictions aimed at slowing the spread of the coronavirus. Gov. Ron DeSantis on Wednesday ordered the restrictions, which call for Floridians to stay at home for the next 30 days and only leave their homes for essential services or activities. The order took effect at 12:01 a.m. Friday. DeSantis had previously resisted issuing any stay-at-home order, saying the infection rate remained low in parts of the state. He said he changed his mind when President Donald Trump extended the national social distancing guidelines for an additional 30 days. Even so, he dubbed the new order "Safer at Home," instead of "stay-at-home." Florida, the nation's third most populous state, ranks fifth in the number of COVID-19 cases with 6,741, resulting in 84 deaths.

Stay-at-home orders: What all 50 states are doing
'This will blow over': In states without stay-at-home orders, Americans celebrate freedom as death toll climbs
Enforcing the shutdown: Law enforcement grapples with policing stay-at-home orders, social distancing, quarantines

Want more coronavirus news? Here's the latest

The world marked the grim milestone of 1 million confirmed coronavirus cases on Thursday.

Friday began with another staggering number — the U.S. surpassed 6,000 deaths — amid continuing financial uncertainty as federal officials rush to distribute stimulus checks to taxpayers and Wall Street closes yet another tumultuous week.

There's also a lingering but unanswered health question, too: Should Americans be wearing masks when they leave their homes?

I'll be rounding up the biggest updates related to coronavirus every day in the newsletter so you can stay informed. Want daily coronavirus updates in your inbox? Sign up here.

Coronavirus live updates: US death toll tops 6,000; Wall Street braces for Labor Department jobs report
US sold millions worth of ventilators to China. Then American hospitals started running out
Democratic convention pushed back to August in response to coronavirus pandemic
About that $1,200 check: Mnuchin promises stimulus checks for many in 2 weeks after Democrats warn it could be months
Free school lunch programs forced to choose: Fight coronavirus or students' hunger
Centuries-old laws may shield the cruise industry from huge payouts in coronavirus suits
Fraud follows coronavirus spread; fake vaccines, testing, investment scams are exacting a toll
FDA authorizes first coronavirus blood test, a key step for showing immunity and testing for vaccines

Businesses may get coronavirus relief loans as soon as Friday

Small businesses seeking loans through the government's $2 trillion coronavirus relief package could receive money as soon as Friday, according to senior administration officials . The loans provide for deferred payments and offer the prospect of forgiveness if the money is used to retain workers or hire back those who have been laid off. The money is intended to help companies that have suffered massive revenue losses due to the outbreak, including restaurants across the country forced to shut down.  

Gannett launches website to help local small businesses hit hard by coronavirus crisis
'Much of it was junk': Trump, Pelosi claim credit for beating back bad ideas in coronavirus stimulus

Costco to limit how many can enter clubs due to coronavirus 

Costco is limiting how many people can enter its warehouse clubs as part of its response to the coronavirus  pandemic. Starting Friday, the retail giant will allow no more than two people to enter stores with each membership card. Earlier this week, Costco cut its weekday hours because of COVID-19 and last week, it added three senior shopping hours a week and said "those with physical impairments" could also participate. In response to comments on its Facebook page, Costco said only members meeting the criteria "will be allowed to enter the warehouse and guests will not be admitted." 

Costco Wholesale Clubs add third weekly senior hour due to coronavirus demand

Need a break from coronavirus news? We've got you covered

'You're Welcome': Dwayne 'The Rock' Johnson, shirtless, sings handwashing song to daughter
FDA eases restrictions on blood donations from gay and bisexual men
David Blaine says his 9-year-old is 'better' at magic in this new ABC special
Working out from home but want to run a marathon? Here's how one man did just that
'Pink' supermoon next week will be the year's biggest and brightest
The science of a storm: How a 2% tornado risk turned into seven twisters that killed 25 people and destroyed thousands of buildings
Chipotle extends its National Burrito Day free queso deal through Friday, plus where to get free delivery

HBO offers free streaming of shows as stay-at-home reward 📺

Starting Friday, HBO will make nearly 500 hours of movies and TV shows available until the end of April to encourage people to stay home and safe during the coronavirus pandemic . The #StayHomeBoxOffice campaign includes every episode of former series hits such as "The Wire," "The Sopranos," and the first two seasons of current popular series "Barry" and "Succession." It's the largest amount of programming HBO has ever made accessible outside its own subscriber base, although many former series are available to subscribers of Amazon Prime Video's paid service. To gain access, non-subscribers must download the HBO NOW app or visit HBONOW.com. 

In better news: Teacher gets A+ in kindness 👩‍🏫

Families in Greece, New York, are receiving texts that their bread has arrived, their soap has been dropped off and their school supplies are on the front step. But the items aren't being delivered by an Instacart shopper.

They're toted by a selfless teacher.

While students can't see their instructors during the coronavirus shutdown, Brookside Elementary School first-grade teacher Deborah Cowley is giving new meaning to the concept of home-schooling. 

Cowley is making surprise visits to her students' houses. She's driving by them for birthday parades. And she's mailing personalized cards to them. 

Brookside Elementary School first-grade teacher Deborah Cowley visited her students door to door to tell them she misses them.
Brookside Elementary School first-grade teacher Deborah Cowley visited her students door to door to tell them she misses them.
Provided by Shanti Parnell
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