Bayer donates three million malaria tablets to U.S. for potential use against coronavirus.

Bayer AG said on Thursday it has donated 3 million tablets of the malaria drug Resochin to the U.S. government for potential use to treat COVID-19.

Resochin, made of chloroquine phosphate and an approved treatment for malaria, is being evaluated in China for its potential use against COVID-19, the disease caused by the fast-spreading coronavirus.

Bayer said the drug is currently not approved for use in the United States and the company is working with appropriate agencies on an emergency use authorization for its use in the United States.

U.S. President Donald Trump, speaking at a news conference on Thursday, called on U.S. health regulators to expedite potential therapies such as Gilead Sciences Inc’s Remdesivir and the generic antimalarial drug hydroxychloroquine, aimed at treating COVID-19.

Arizona gun store owner says he’s ‘never seen anything like’ coronavirus gun sale surge

An Arizona gun store owner says the current surge of gun and ammunition sales amid coronavirus fears is unlike anything he has ever seen and tops the surge that followed the Sandy Hook shooting.

“We’ve never seen anything like this,” Arizona gun store owner Kyle Olsen told Breitbart News, specifically comparing this gun surge to the one following the Sandy Hook tragedy.

Oklahoma gun store owner David Stone echoed Olsen’s comments earlier this week, saying business is “booming.”

“When I say sales have been booming, it’s an understatement,” he said.

“You got to be protected for all sorts of stuff,” he said. “Seems like the world has gone mad.”

Ammo.com, an ammunition seller, reported a 68% increase in gun purchases from Feb. 23 to March 4 compared to the 11 days before that.

report suggested that Asian Americans are buying guns at an increased level due to fears of being blamed for the virus and the need to protect themselves.

“The world has never seen anything like this, and people want to make sure they’re prepared for whatever lies ahead, whether that be food shortages, government shutdown, or worse,” an Ammo.com spokesperson told CNN. “When everything around you is uncertain, having a supply of ammunition can make our customers feel safer.”

This isn’t a vaccine that makes the body make antibodies to attack the virus. This somehow keeps the virus from being able to infect a cell. And if the idea works for this virus, maybe it could work for others.


Scoop: Bayer to donate potential coronavirus drug to U.S.

Pharma company Bayer will soon make a large donation to the U.S. government of a drug that has shown some promise in helping patients suffering from the novel coronavirus, according to a senior Health and Human Services official and another source with direct knowledge.

Why it matters: It doesn’t hurt to have a potential treatment on hand, but we’re still a very long way from having an approved, clinically tested treatment for the coronavirus.

The big picture: Early evidence suggests that chloroquine — an inexpensive anti-malarial drug — may work just as well, if not even better, than remdesivir, a drug owned by Gilead, which is undergoing clinical trials for treatment of the coronavirus.

  • A study published in Nature found that “remdesivir and chloroquine are highly effective in the control of 2019-nCoV infection in vitro.”
  • “Chloroquine shouldn’t be left out of the discussion of candidate COVID-19 therapies and may actually be leading the pack,” Raymond James wrote in a research note earlier this month.

Yes, but: This doesn’t change the need for massive coronavirus efforts, as there is no proven coronavirus treatment or vaccine.

Besides the opportunity for the state to form a registry, (naaaw, they wouldn’t do that would they?)  this is what you get when you let a state get involved in the NICS BG check process instead of having dealers do it on their own, precisely like the system was designed to do. When I had an FFL, I even had online access, as well as the phone number, to do the required check.


Colorado gun sales double; state trying to keep up with demand for background checks

DENVER (KDVR) — Gun sales in the last week have doubled in Colorado, according to the Colorado Bureau of Investigation, the agency responsible for conducting background checks.

FOX31 and Channel 2 investigative reporter Chris Koeberl discovered more than 14,000 firearms were sold in just one week. About 7,000 guns were sold during the same time period last year.

According to Joe Oltmann, the owner of DCF Guns in Castle Rock, many customers are afraid what’s available today may not be tomorrow.

“The panic started with toilet paper, then moved to food. Then, obviously when people see bare shelves, then obviously they want to make sure they will protected if it gets any worse,” Oltmann said.

Many of the customers are first-time firearm owners who are learning how to use a weapon to protect themselves and their families. Oltmann says the dramatic increase in sales is something his store is prepared for and he admits business is good. However, he balances the benefit to his store and employees against the underlying cause and that gives him pause.

“The good part about this is that business is good for us. The bad part about this is I wish it wasn’t this good just based on the circumstances,” he said.

The FOX31 Problem Solvers also found the other fallout to all the guns sales is the time it takes for the CBI to conduct the necessary background checks on buyers. A couple of weeks ago, that would have taken about 45 minutes to an hour, with about 97% approved. Now, buyers will have to wait two to three days for the background check and final sale to be complete.

“The demand has created a current queue of nearly 5,000 checks awaiting processing,” the CBI said in a written statement.

PANDEMIC = DEM PANIC

The point being, that if you hadn’t already been working on your ammo stock levels and now consider yourself short, you are ‘behind the 8-ball’.


COVID-19 Data Study: Ammunition Sales Continue to Soar in Response to Coronavirus Panic

Updated March 17, 2020: As the novel coronavirus (COVID-19) spreads across the United States, its impact can be seen in every community. Businesses and schools are closed, the market is volatile, and store shelves are empty as the American public scrambles to prepare for the worldwide pandemic and social distancing prescribed by the WHO and CDC.

While people stockpile toilet paper, hand sanitizer, and pantry essentials, they’re also purchasing ammunition at an unprecedented rate. Here at Ammo.com, we’ve seen a significant growth in sales that directly correlates with the rise of COVID-19 and its spread across the country. As we mentioned in a press release on March 6, 2020, we first noticed a 54% sales increase on February 23, as the search term “coronavirus” started to gain traction, according to Google Trends.

On March 10, 2020 – the day confirmed cases in the US reached over 1,000, increasing ten-fold in a week – we noticed an unprecedented 276% sales surge that continued through the end of last week and the weekend, as the virus was declared a pandemic, travel bans were implemented, and the stock market experienced its biggest crash since 1987.

When comparing 22 days worth of sales from February 23, 2020, through March 15, with sales from February 1, 2020, through February 22, our data shows these staggering statistics:

  • 309% increase in revenue
  • 78% increase in conversion rate
  • 222% increase in transactions
  • 77% increase in site traffic
  • 27% increase in average order

State-by-State Breakdown of Ammo Sale Increases Due to Coronavirus

It’s also evident that sales are impacted by the proximity of the virus. Most of the top 10 states with the highest increases in ammo sales are either states with some of the greatest number of confirmed COVID-19 cases or neighboring states.

  • Vermont had no previous sales, so it ranks top on our list. Although its COVID-19 cases are minimal, it borders both Massachusetts and New York, two hot spots for coronavirus.
  • Delaware has seen a sales growth of 4,529%. The state’s own numbers are low, but it’s surrounded by a high concentration of cases in New Jersey and the Philadelphia area.
  • Oklahoma saw a growth of 1,081% in sales and borders states like Texas and Colorado, both of which have been hit hard with COVID-19.
  • Mississippi has also seen a significant increase at 1,049%, perhaps influenced by its proximity to Louisiana, which has surpassed 100 confirmed cases.
  • Speaking of which, Louisiana has seen a growth of 1,041%, which may be due to the increasing number of cases the state has seen over the last week.
  • Alabama, which borders COVID-19 hotspots in Florida and Georgia, has seen a sales boost of 892%.
  • Wyoming, which borders Colorado and its 100-plus coronavirus victims, has seen an increase of 819%.
  • The sales increase in Colorado reached 667%.
  • Idaho, which shares a border with Washington, the U.S.’s epicenter of the COVID-19 outbreak, has had a growth of 586%.
  • Oregon has seen an increase of 550%. Sharing borders with both Washington and California, the state is sandwiched between two of the first states to confirm the virus in the U.S.

We’ve compiled all of this data and combined it into a comprehensive table for your convenience. The table lists states by sales volume with Texas having the largest sales volume and South Dakota the least. It also shows the top three ammo calibers for each state listed so that you can see which calibers have sold the most in each state, and their corresponding sales increase since February 23rd.

State Ranking by Sales Volume Most Popular Caliber by Sales Volume 2nd 3rd
State % Increase % Increase % Increase % Increase
1. Texas +338% 9mm ammo +217% 223 ammo +735% 5.56×45 ammo +319%
2. Florida +235% 9mm ammo +315% 223 ammo +368% 5.56×45 ammo +413%
3. Georgia +344% 9mm ammo +263% 223 ammo +832% 12 gauge ammo +3,489%
4. Pennsylvania +375% 9mm ammo +208% 5.56×45 ammo +504% 223 ammo +1,193%
5. Colorado +730% 9mm ammo +560% 223 ammo +3,178% 7.62×39 ammo +421%
6. Virginia +199% 9mm ammo +142% 40 cal ammo +1,016% 5.56×45 ammo +87%
7. Illinois +350% 9mm ammo +263% 223 ammo +289% 5.56×45 ammo +125%
8. Ohio +392% 9mm ammo +231% 223 ammo +1,012% 5.56×45 ammo +179%
9. Washington +351% 9mm ammo +401% 223 ammo +657% 5.56×45 ammo +159%
10. Michigan +298% 9mm ammo +215% 5.56×45 ammo +661% 223 ammo +244%
11. North Carolina +273% 9mm ammo +398% 223 ammo +952% 5.56×45 ammo +73%
12. Arizona +314% 9mm ammo +275% 223 ammo +665% 5.56×45 ammo +421%
13. New Jersey +218% 9mm ammo +225% 223 ammo +6,353% 12 gauge ammo +199%
14. Tennessee +110% 9mm ammo +85% 223 ammo +731% 12 gauge ammo +135%
15. Maryland +602% 9mm ammo +884% 5.56×45 ammo +908% 12 gauge ammo +496%
16. Alabama +899% 223 ammo +2,645% 9mm ammo +716% 5.7×28 ammo +∞%
17. Utah +363% 9mm ammo +290% 223 ammo +750% 7.62×39 ammo +702%
18. Missouri +182% 9mm ammo +305% 223 ammo +∞% 5.56×45 ammo +59%
19. Nevada +514% 9mm ammo +206% 5.56×45 ammo +1,439% 223 ammo +361%
20. Minnesota +372% 9mm ammo +771% 223 ammo +1,173% 5.56×45 ammo +231%
21. Indiana +211% 9mm ammo +186% 5.56×45 ammo +147% 7.62×39 ammo +∞%
22. New York +204% 5.56×45 ammo +436% 9mm ammo +172% 223 ammo +102%
23. Wisconsin +150% 9mm ammo +606% 223 ammo +112% 5.56×45 ammo +∞%
24. Kentucky +226% 9mm ammo +433% 223 ammo +415% 5.56×45 ammo +1,848%
25. Oregon +614% 9mm ammo +2,787% 223 ammo +1,668% 7.62×39 ammo +∞%
26. Louisiana +1,058% 223 ammo +1,711% 9mm ammo +369% 308 Win ammo +3,083%
27. Connecticut +332% 9mm ammo +752% 45 ACP ammo +724% 5.56×45 ammo +62%
28. South Carolina +384% 9mm ammo +187% 45 auto ammo +1,209% 5.56×45 ammo +1,425%
29. Idaho +743% 223 ammo +∞% 9mm ammo +1,398% 40 cal ammo +2,086%
30. Oklahoma +1,166% 223 ammo +380% 9mm ammo +1,961% 45 ACP ammo +∞%
31. New Hampshire +224% 223 ammo +∞% 5.56×45 ammo +638% 9mm ammo +16%
32. Mississippi +1,049% 5.56×45 ammo +∞% 223 ammo +643% 45 ACP ammo +∞%
33. Nebraska +160% 223 ammo +140% 9mm ammo +71% 5.56×45 ammo +122%
34. New Mexico +207% 9mm ammo +575% 380 ACP ammo +34% 40 cal ammo +∞%
35. Kansas +125% 9mm ammo +35% 223 ammo +239% 12 gauge ammo +1,347%
36. Iowa +227% 223 ammo +∞% 5.56×45 ammo +∞% 45 ACP ammo +∞%
37. Maine +631% 5.56×45 ammo +∞% 223 ammo +229% 308 Win ammo +∞%
38. Rhode Island +188% 9mm ammo +375% 45 ACP ammo +∞% 223 ammo -12%
39. Wyoming +819% 223 ammo +946% 9mm ammo +∞% 308 Win ammo +∞%
40. Arkansas +176% 12 gauge ammo +∞% 9mm ammo +10% 38 Special ammo +∞%
41. Delaware +4,529% 223 ammo +∞% 9mm ammo +∞% 5.56×45 ammo +∞%
42. West Virginia +44% 9mm ammo +164% 223 ammo -56% 20 gauge ammo +∞%
43. Montana +434% 5.56×45 ammo +∞% 9mm ammo +∞% 308 Win ammo +∞%
44. Vermont +∞% 223 ammo +∞% 45 LC ammo +∞% 5.56×45 ammo +∞%
45. North Dakota +49% 5.56×45 ammo +∞% 308 Win ammo +∞% 223 ammo +∞%
46. South Dakota +38% 223 ammo +57% 40 cal ammo +∞% 17 HMR ammo +∞%

All increases with +∞% signify that there were no previous sales recorded for the state (i.e. Vermont) or caliber to that state (i.e. 223 ammo sales to Iowans) for comparison. It should be noted that due to city and state laws, Ammo.com does not ship ammunition to AlaskaHawaiiMassachusettsCalifornia, Washington, D.C., New York City, or Chicago.

Caliber Breakdown of Ammo Sale Increases Due to Coronavirus

When it comes to the calibers of ammunition Americans are buying, our data shows the following increases:

While we always strive to provide the best customer service and shopping experience possible, we have experienced a delay in our normal processing procedure. Instead of same-day shipping, it’s taking an average of two to three business days to completely process, package, and ship items. We at Ammo.com thank you for your patience.

I don’t think SloJoe actually has a chance to beat President Trump, but you never know these days. In their headlong rush to ‘out left’ the other they have exposed what their true plans are, and for that we should thank them.


Joe Biden’s Plan to Come After the Firearms Industry

His political attacks on the industry are why we have a law barring attempts to hold arms manufacturers legally responsible for shootings.

Joe Biden and Bernie Sanders continue to trade blows over who is more equipped to supposedly deliver a knockout punch to the firearms industry, the former vice president has zeroed in on the Protection of Lawful Commerce in Arms Act (PLCAA) — the law preventing frivolous lawsuits that seek to blame members of the firearms industry for the criminal misuse of legal, lawfully sold, non-defective firearms.

Biden is swinging wide to do this, making wild and false claims. Before the debate in South Carolina, he told the state’s gun manufacturers, “I’m coming for you, and I’m taking you down.” He liked the tough talk enough that he reiterated from the debate stage, “And I want to tell you, if I’m elected . . . gun manufacturers, I’m going to take you on and I’m going to beat you.”

Biden’s end goal is ultimately to repeal the 2005 PLCAA. This law, passed with overwhelming bipartisan support and signed by President George W. Bush, ended the politically driven lawsuits aimed at bankrupting the firearms industry. Biden and Sanders want to revive the tactic as they pursue the White House, and they’re using disproven and false claims to make their case.

The PLCAA stopped a series of “public nuisance” lawsuits by activist mayors in big cities against firearms manufacturers over the crimes committed by individuals. That law doesn’t grant immunity, but it prevents others from shifting the blame from criminals to a manufacturer. The firearms manufacturer is no more liable for the crime committed by an individual than Home Depot would be if someone committed murder with a hammer. The PLCAA does nothing more than defend an industry that has been targeted by a series of baseless, politically motivated lawsuits.

Yet Biden still falsely claims that this gives firearms manufacturers blanket immunity. Both manufacturers and firearms retailers can be, and are, held responsible for harm caused by defective products, breach of contract, criminal misconduct, or other actions for which they are directly responsible, the same as any other product manufacturer.

Jonathan Turley, the Shapiro Professor of Public Interest Law at George Washington University, underscored this when he wrote, in an op-ed for The Hill, “Product liability and tort actions against manufacturers have uniformly and correctly been rejected by the courts. Guns are lawful products, and holding companies liable for later misuse of such products is absurd. You might as well sue an axe manufacturer for the Lizzy Borden murders.”

Biden claims, as Hillary Clinton falsely tried to claim before him in 2016, that these protections are unique. In fact, manufacturers of medical devices, the airline industries, and even online service and content providers are protected from frivolous lawsuits when defamatory information is posted by others. Biden attacks the PLCAA knowing full well that individuals who commit crimes are responsible for them. His argument is just a façade for gun control that he can’t achieve through legislation.

The sad part is that Biden chose to attack an industry that has grown 171 percent since 2008 and currently employs more than 312,000 Americans from all walks of life in communities across the nation. He’s coming after firearms manufacturers that paid $6.8 billion in total taxes and had a total economic impact of more than $52 billion.

He’s claiming that the men and women who work in the factories, those who produce the firearms not just for law-abiding Americans to exercise their rights but also for our U.S. Armed Forces and law-enforcement officials, are enemies of our society. He argues that he’s the champion of the blue-collar worker, yet he wants to destroy a growing industry that provides over $15.7 billion in worker wages. He insists that he wants to restore America, but he mocks and denigrates the more than 100 million law-abiding Americans who own, carry, and use their guns frequently without incident.

Biden and the Democrats who endorse him all know that the PLCAA doesn’t offer firearms manufacturers unique protections. The law that prevents them from driving politically motivated lawsuits is rock solid. Biden’s anger is reflective of his frustration that the courts won’t allow him to bankrupt an industry to prove his political bias against Second Amendment freedoms.

The First COVID-19 Vaccine Was Made in ‘Record’ Time and Phase 1 Trials Have Begun in Seattle.

Dr. Anthony Fauci of the National Institutes of Health says the United States has developed a vaccine for the coronavirus, COVID-19, in record time.  Fauci made the statement at the White House update on the coronavirus.

He told reporters that the first vaccine was given in Seattle on Monday.

“The vaccine candidate that was given the first injection for the first person took place today. You might recall that when we first started I said it would be two to three months and if we did that, that would be the fastest we’ve ever gone in obtaining the sequence to being able to do the Phase 1 trial. This has been now 65 days, which I believe is the record.”

Fauci told a White House briefing on the coronavirus that 45 people in the coronavirus hot-zone of Seattle were given the vaccine and will be watched over the next year to determine its efficacy:

“What it is, the trial of 45 normal individuals between the ages of 18 and 55. The trial is taking place in Seattle. There will be two injections, one at zero day, the first one, then 28 days. There will be three separate doses, 25 illigrams, 100 milligrams, 250 milligrams, and the individuals will be followed for one year, both for safety and whether it will induce the kind of response that we predict would be detected. So it’s happened. The first injection was today.”

President Trump announced more efforts to quash the virus on Monday at the update. He urged people to avoid groups of more than ten people.

So far, there are about 4,100 confirmed coronavirus, COVID-19, cases in 49 states, Puerto Rico, and in Washington, D.C.

Dow Futures Jump 800 Points After Wall Street Suffers Worst Day Since 1987 Market Crash

Remember, I did ask if you could say ‘Roller Coaster’

Stock futures were higher Tuesday morning after Wall Street suffered massive losses on Monday amid concerns over the economic impact from the coronavirus outbreak.

At around 4:30 a.m. ET, Dow Jones Industrial Average futures rose 800 points, indicating an implied open of more than 1,000 points. S&P 500 and Nasdaq 100 futures were also higher.

Those moves came after President Donald Trump tweeted: “The United States will be powerfully supporting those industries, like Airlines and others, that are particularly affected by the Chinese Virus. We will be stronger than ever before!”

Trump calls on Americans to cease hoarding food, supplies

From numerous reports, that plea isn’t really working all that well.

WASHINGTON (AP) — President Donald Trump is calling on people to stop hoarding groceries and other supplies as one of the nation’s most senior public health officials urged Americans to act with more urgency to protect themselves and others against the coronavirus. Dr. Anthony Fauci said he would like to see aggressive measures such as a 14-day national shutdown.

“You don’t have to buy so much,” Trump said at a news conference. “Take it easy. Just relax.”

Trump assured Americans, after speaking with leading grocery chain executives, that grocers would remain open and that the supply chain remained healthy. Speaking at the same White House news conference, Vice President Mike Pence urged Americans to buy only the groceries they need for the week ahead.

The comments from the president came Sunday after the government’s top infectious disease expert said he would like to see Americans to hunker down even more to help slow the spread of the coronavirus.

Still, Fauci said travel restrictions within the United States, such as to and from hard-hit Washington state and California, probably would not be needed anytime soon.

Officials in Washington were preparing for what was expected to be a long-haul effort to try to stem the virus that has upended life around the globe.

“The worst is yet ahead for us,” Fauci said. “It is how we respond to that challenge that is going to determine what the ultimate endpoint is going to be.”

Trump, on the other hand, offered an optimistic outlook even as officials said the infection rate in the U.S. was surging. The president acknowledged that the virus was “very contagious” but asserted that his administration had “tremendous control” over the spread of the disease………..

Pence said that he and the president would brief the nation’s governors on Monday “specifically about our expanding testing to the American people.”

Answer

Coronavirus has put globalisation into reverse

………..The spread of the epidemic amounts to an experiment in deglobalisation. Barriers are being put up not to halt trade and migration flows but to stymie the spread of infection. The economic effects, however, are similar: snarled-up supply chains, lower business confidence and less international trade.

Policymakers can provide stimulus to support growth but can do little against the shock to economies’ capacity to produce goods and services. This leaves the global economy largely at the mercy of nature. How much worse the impact on global growth becomes will depend on how quickly the virus can be contained.

All Bars, Restaurants in Illinois to Close Their Doors for 2 Weeks Due to COVID-19 Concerns

I wonder how this might affect the ChIraq murder rate?

CHICAGO — All bars and restaurants in Illinois must close their doors to customers from the end of business Monday night through March 30, Governor JB Pritzker ordered Sunday, due to concerns about the spread of COVID-19.

“There are no easy decisions left to make as we address this unprecedented crisis,” Pritzker said Sunday. “As your governor I can’t allow the gravity of these decisions from taking the measures that the science and the experts say will keep people safe.”

Pritzker made the announcement during the latest briefing on the spread of COVID-19 in Illinois Sunday afternoon. Under the order, all restaurants and bars will not be open to the public, although employees can still go in. Drive-through and pickup services at restaurants will still be allowed.

Ammunition sales surge amid coronavirus concerns

Now is not the time to be trying to gather ‘possibles’. That should have been in your SOP long ago.

The owner of Shoot Center [Fort Myers Florida]says it’s not just hand sanitizer and cleaning supplies flying off local shelves.

“Since the beginning of the month, we’ve sold about 200,000 rounds,” said Aaron Forum.

Ammo sales are surging amid coronavirus concerns.

“It’s nationwide. All major distributors right now are sold out completely of 9 millimeters,” he said.

Ammos sales have tripled here in the last two weeks. While this store and others we reached out to still have ammo in stock, it’s unclear when re-supply shipments are coming.

“People see it, they’ll buy it because they don’t want to be without,” said Steven McPhee of Cape Coral.

Customers say there’s lots of uncertainty with the virus spreading and they believe this could be cased on fear of the unknown.

“We could possibly be confined to our homes before this is all over with. We don’t know exactly,” said Kevin Knapp of Fort Myers.

The people selling the ammo to customers walking through the door say many of their conversations focus on safety.

“People here really want to make sure they’re going to be safe, protected,” he said.

Forum also said more people are coming in to buy self-defense firearms like shotguns. Online retailers are also seeing the spike in ammunition sales.

MLB Suspends Spring Training, Delays Opening Day at Least Two Weeks

Major League Baseball is delaying the start of the 2020 regular season by at least two weeks in response to the coronavirus pandemic, the league announced Thursday.


NCAA Basketball Tournaments Canceled Over Coronavirus

NCAA CONFERENCES canceled their college basketball tournaments in rapid succession Thursday as the fallout from the coronavirus pandemic is felt across sports and popular culture.


NHL Suspends Season Due to COVID-19 Fears

The NHL has suspended its 2019-2020 season due to the COVID-19 pandemic. In a statement published on Thursday afternoon, NHL Commissioner Gary Bettman made the announcement.


Statement on Upcoming LPGA and Symetra Tour Schedules

Today, the LPGA informed its players that in an effort to minimize risks with the global outbreak of COVID-19 and following the California Government’s directive regarding events, the next three events on the LPGA Tour schedule are postponed: the Volvik Founders Cup in Phoenix, Ariz., which was scheduled to take place March 19-22; the Kia Classic in Carlsbad, Calif., which was scheduled to take place March 26-29; and the ANA Inspiration in Rancho Mirage, Calif., which was scheduled for April 2-5. The plan is to reschedule these events for later dates in the 2020 season.


Last, but not least:

LDS Church Cancels Church — Worldwide.

When even the Mormons shut things down………….

As promised in our letter of March 11, 2020, we continue to monitor the changing conditions related to COVID-19 throughout the world. We have considered the counsel of local Church leaders, government officials and medical professionals, and have sought the Lord’s guidance in these matters. We now provide the following updated directions.

Beginning immediately, all public gatherings of Church members are being temporarily suspended worldwide until further notice. This includes:

  • Stake conferences, leadership conferences and other large gatherings
  • All public worship services, including sacrament meetings
  • Branch, ward and stake activities

Dow futures point to opening bounce of 1,100 points after Trump floats payroll tax cut

Can you say ROLLLLLER COOAASSTTERRRRRR? I thought you could.

Stock futures rallied back early Tuesday morning after the S&P 500′s worst day since the financial crisis.

Around 6:15 a.m. ET Tuesday, futures on the Dow Jones Industrial Average indicated an opening surge of 1,100 points on Tuesday. S&P 500 futures and Nasdaq-100 futures also pointed to a sharply higher open for the two indexes on Tuesday.

Stock futures erased big losses in after-hours trading Monday and turned positive after President Donald Trump floated the idea of “a payroll tax cut or relief” to offset the negative impact from the coronavirus. The potential tax incentives come on top of an $8.3 billion spending package Trump signed last month.

Coronavirus updates: Fear batters the economy as U.S. death toll rises to 26

I’ll repeat. The secondary effects of this bug are showing to be worse than the bug itself.

Wall Street reeled and millions of Americans worried after the stock market’s worst day since the 2008 financial crisis. The Dow Jones Industrial Average fell [today] more than 2,000 points, or nearly 8%, based largely on concern over the coronavirus and oil prices.

The U.S. death toll rose to 26 and several members of Congress are in self-quarantine after possible exposure. Despite contact with some of those lawmakers in recent days, President Trump has not been tested for the coronavirus, according to his press secretary.

Stocks Slammed, Market Circuit-Breakers Triggered
Trading Halted Minutes After Open

Stock trading was briefly halted shortly after the market opened on Monday after the S&P 500 declined sharply, triggering an automatic 15-minute “circuit-breaker” that kicks in when the index falls by 7 percent.

The 7 percent threshold was passed about four minutes after the opening bell Monday, halting trading until 9:49 am.

Shortly after stocks resumed trading, the S&P, Dow Jones Industrial Average, and the Nasdaq Composite were all down by around 6 percent, indicating a small bounce for stocks from the level that halted trading.

Futures on the big equities index hit trading curbs on Sunday night and early Monday morning when they fell below 5 percent of Friday’s close.

Stock trading circuit-breakers are thresholds that trigger trading halts when stocks fall below certain levels.

A Level 1 halt, triggered four-minutes after the open Monday, occurs when the S&P 500 drops by 7 percent before 3:25 p.m. Trading is halted for 15 minutes.

A Level 2 halt, which halts trading for an additional 15 minutes, is triggered if stocks fall by an additional 6 percent, a 13 percent overall decline, from the prior close before 3:25 p.m.

A 20 percent decline triggers a Level 3 halt, which stops trading for the remainder of the day.