I went out and ran two errands and there were limited people out and about. restaurants and pubs not open but I could see some dentists and salons were opening. I think depending on your state it could happen with a roll out and local health officials monitoring hot spots that pop up and then pulling back a bit. For example in my county we have been somewhat light so if we have all been inside for weeks and weeks, except for grocery and COSTCO runs, and construction and landscaping has not stopped, then we can start back again. I don't expect full stadiums just yet but numerous small businesses and chains can start opening with rules in place. Also if we don't act like slobs and show some good hygiene and rules of touching. Time to keep the high risk at home separate and secure and let the rest of us slowly peek our heads out of the hole we dug into. For me the real heroes are small businesses struggling to make it and doing all they can to provide a safe location for people to come shop or pick up food. That is not part of their job but being forced on them and most have responded beautifully.
https://www.nytimes.com/2020/05/04/us/coronavirus-live-updates.html Models Project Sharp Rise in Deaths as States Reopen An internal Trump administration report expects about 200,000 daily cases by June. The White House bars coronavirus task force officials from testifying to Congress without approval. Here’s what you need to know: A Trump administration projection and a public model predict rising death tolls. More states are allowing certain businesses to open, even as cases grow. The White House will restrict coronavirus officials from testifying before Congress. The Supreme Court heard the first arguments via phone. California readies plans for some stores to reopen on Friday. World leaders pledge $8 billion for a vaccine, but the U.S. declines to participate. As daily deaths fall in New York, Cuomo outlines criteria for reopening. The White House will restrict coronavirus officials from testifying before Congress. The White House has barred members of its coronavirus task force and their aides from appearing before Congress this month without the express approval of Mark Meadows, the White House chief of staff, according to an email obtained by The New York Times. Democrats condemned the move, saying it reflected an impulse by the president to silence health experts. “By muzzling science and the truth, it will only prolong this health and economic crisis,” said Senator Chuck Schumer, Democrat of New York and the minority leader. “The president’s failure to accept the truth, and then his desire to hide it, is one of the chief reasons we are lagging behind so many other countries in beating this scourge.” Senator Lamar Alexander, Republican of Tennessee and the chairman of the committee, said on Monday that a May 12 hearing — what he called a “status report on going back to work, back to school” — would include appearances by Dr. Anthony Fauci, the administration’s top infectious disease official; Dr. Robert Redfield, the director of the Centers for Disease Control and Prevention; Dr. Stephen Hahn, the commissioner of the Food and Drug Administration; and Admiral Brett P. Giroir, the assistant secretary of health at the Department of Health and Human Services.
You first fatty... Chris Christie Says U.S. Needs to Reopen and Accept More Deaths https://www.thedailybeast.com/chris...ricans-have-to-accept-more-coronavirus-deaths
Re-opening is starting on Friday in North Carolina... moving to Phase 1. Cooper easing NC stay-at-home rules, allowing most businesses to reopen https://www.wral.com/coronavirus/co...-allowing-most-businesses-to-reopen/19084913/
I saw one of those electronic billboards yesterday, some lawyer saying: "Did you test positive for Covid-19?" Then in all caps: "MAKE THEM PAY."
Morgan Stanley says the global economy is bottoming out, signaling a 'sharper but shorter' downturn than the great financial crisis https://www.businessinsider.com/glo...s-crisis-morgan-stanley-recovery-sharp-2020-5 Morgan Stanley sees signs that the global economy is in the process of bottoming out, according to a Sunday note by economist Chetan Ahya. The bank forecast that global growth will bottom out at -7.5% in the second quarter of the year, but sees global and developed-market output reaching pre-recession levels in four and eight quarters, respectively. That's faster than the six and 14 quarters they took to recover from the great financial crisis. "The trigger for this recession is an exogenous shock in the form of a public health crisis, rather than the classic, endogenous adjustment triggered by rising imbalances," Ahya wrote. "This also did not start out as a financial crisis, and the banking system is in better shape today than prior to the [great financial crisis]." Even though the coronavirus pandemic has wreaked havoc on the global economy, Morgan Stanley sees signs that the recovery is on its way, and that it will be faster than the great financial crisis. The bank forecast that global growth will bottom out at -7.5% in the second quarter of the year. However, Morgan Stanley sees global and developed-market output reaching pre-recession levels in four and eight quarters, respectively — faster than the six and 14 quarters they took to recover from the great financial crisis. "The trigger for this recession is an exogenous shock in the form of a public health crisis, rather than the classic, endogenous adjustment triggered by rising imbalances," wrote economist Chetan Ahya in a Sunday note. "This also did not start out as a financial crisis, and the banking system is in better shape today than prior to the [great financial crisis]." A number of economic indicators Morgan Stanley tracks show signs of bottoming, according to the note. "Consumers' future expectations have improved, mobility trends have moved up from their troughs and consumer spending is contracting more slowly than in the early weeks of the outbreak," Ahya wrote. The bank said it thinks that China's economy bottomed in February, with the euro area following in April. The US likely reached its nadir from late April, according to the bank. Central and Eastern Europe, the Middle East, Africa, and Latin America will reach the bottom later in the year, Morgan Stanley said. In addition, the slow reopening of economies around the world will likely further improve mobility and production trends. "In the US, some states have begun to reopen, and our US economics and biotechnology teams estimate that, by mid-May, 54% of the economy will be in a meaningful reopening phase," Ahya wrote. Morgan Stanley has been closely observing the opening in China to gauge how the rest of the world may follow. The bank's views are shaped by the path but not the duration and magnitude of the recovery, according to the note. In addition, Morgan Stanley said that the reopenings have prompted questions about a potential second wave of COVID-19. "We readily admit that many unknowns concerning the virus remain, but we do expect additional waves of infections to occur," Ahya wrote. He continued: "... we take comfort that the phased reopening, the scaling up of public health authorities' ability to test and trace on a meaningful level, the development of medical solutions to treat and prevent the disease and the awareness of the population at large mean we have a much better chance to reduce the size and scope of future outbreaks."
Interesting. I'm on a MS corporate client call in 45 minutes. I'll let you know if they indeed are quoted accurately here. If you want to listen in, send me a PM.