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Economy

BREAKING NOW: Stocks Surge, Dow Jones Jumps 800 Points During Mid-Day Trading

posted by Hannity Staff - 3.04.20

The Dow Jones Industrial Average jumped more than 800 points during mid-day trading Wednesday; with investors attempting to shake-off fears surrounding the global Coronavirus outbreak.

“The Dow Jones Industrial Average traded 800 points higher, or 3.3%. The S&P 500 jumped 3%, while the Nasdaq Composite advanced 2.9%. The major averages also got a boost from strong economic data. The U.S. services sector expanded at a faster-than-expected pace in February, data from the Institute for Supply Management showed. ADP and Moody’s Analytics said private payrolls jumped by 183,000 last month, topping expectations. Lawmakers also struck a deal on more than $8 billion in emergency coronavirus funding,” reports CNBC.

“Biden scored key primary victories in Virginia, North Carolina and Arkansas, giving his campaign momentum and increasing his odds of being the Democratic Party’s presidential nominee. So far, NBC News projects Biden’s delegate total at 453, ahead of Sen. Bernie Sanders’ total of 373. To win the nomination, a Democratic candidate must receive support from a majority of pledged delegates — at least 1,991 of the total 3,979 pledged delegates,” adds the website.

Read the full report here.

Source: CNBC

'SICKENING': Backlash Grows Against Denver Democrat Who Supported Spreading Coronavirus at MAGA Rallies

posted by Hannity Staff - 3.03.20

Denver’s Democratic Councilwoman Candi CdeBaca is facing a growing backlash on social media this week after calling for those sick with the deadly Coronavirus to intentionally spread the disease at ‘Make America Great Again’ rallies.

“Democrat Denver Councilwoman Candi CdeBaca says that she stands in ‘solidarity’ with someone who says that they if they get the coronavirus that they will attend as many Trump rallies as possible She appears to have made the statement on her government Twitter account,” posted a reporter with the Daily Wire.

 

“These people are sick,” posted Donald Trump Jr.

“This elected Democrat in Colorado doesn’t seem very nice!” the Trump campaign War Room Twitter account posted in response.

Read the full report here.

Source: Fox News

BREAKING: CDC Says Coronavirus Will Likely ‘Become a Global Pandemic,' Urges Americans to Prepare

posted by Hannity Staff - 2.25.20

Officials at the Centers for Disease Control confirmed Tuesday afternoon that the deadly Coronavirus will likely “become a global pandemic” in the coming days.

“Current global circumstances suggest it’s likely this virus will cause a pandemic,” Anne Schuchat, principal deputy director of the Centers for Disease Control and Prevention told reporters.

“It’s not so much a question of if this will happen any more, but rather more a question of when this will happen and how many people in this country will become infected and how many of those will develop severe or more complicated disease,” she added.

The virus has infected more than 80,000 people -mostly in China- and killed upwards of 3,000. Recent outbreaks in Italy and Iran have drastically increased the likelihood of a major outbreak somewhere in the United States.

“We must use this time to continue to prepare for the event of community transmission in the United States,” Schuchat said. “Part of that preparation is educating the public and our state, local and private sector partners about what transition from aggressive containment measures to community measures or community mitigation would look like should we end up there.”

Read the full report here.

Source: CNBC

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