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Macro Briefing | 26 June 2020

Summary:
US Covid-19 cases surge, setting new record for daily increase: Bloomberg CDC: estimate of US Covid-19 cases is vastly underestimated: NBC Fed imposes new restrictions on banks after stress tests: CNBC Trump administration asks Supreme Court to invalidate Obamacare: Politico US in struggling with five major crises: NY Times World trade posts ‘unprecedented decline’ in April: CPB US GDP fell 5.0% in Q1 in revised data–matching previous estimate: BEA US durable goods orders rebounded sharply in May–up nearly 16%: MW US jobless claims continue to rise at high rate: +1.48 million last week: CNBC

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US Covid-19 cases surge, setting new record for daily increase: Bloomberg
CDC: estimate of US Covid-19 cases is vastly underestimated: NBC
Fed imposes new restrictions on banks after stress tests: CNBC
Trump administration asks Supreme Court to invalidate Obamacare: Politico
US in struggling with five major crises: NY Times
World trade posts ‘unprecedented decline’ in April: CPB
US GDP fell 5.0% in Q1 in revised data–matching previous estimate: BEA
US durable goods orders rebounded sharply in May–up nearly 16%: MW
US jobless claims continue to rise at high rate: +1.48 million last week: CNBC

Macro Briefing | 26 June 2020

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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