Thursday, June 25, 2020
Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET.
There can’t be an economic recovery without a public health recovery
Stocks sold off sharply on Wednesday as all three major averages fell more than 2%.
Rising case counts and hospitalizations in Texas, Arizona, and Florida — among other states — continue to make clear there has been no nationwide containment of the coronavirus.
The spread of the virus has slowed considerably in the New York City metro area which was hardest hit in the spring, but data from this region now overstates the current state of the pandemic in the country. A record 38,762 positive tests were recorded in the U.S. on Wednesday, the highest since the pandemic began.
And while the pandemic has been a deteriorating situation for a few weeks now, Wednesday’s action is a