What is Coronavirus?

COVID-19 is a novel coronavirus causing the World Health Organization (WHO) to classify this outbreak as a pandemic on March 11, 2020. Symptoms include fever, cough, and shortness of breath. Anyone experiencing emergency signs such as difficulty breathing, persistent pain or pressure in the chest, new confusion or bluish lips or face should immediately seek medical attention.

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What You Should Know

Older adults and people who have severe underlying chronic medical conditions like heart or lung disease or diabetes seem to be at higher risk for developing more serious complications from COVID-19 illness. The virus is thought to spread mainly from person-to-person and the best way to prevent illness is to avoid being exposed to this virus. The CDC urges citizens to monitor your health and practice social distancing. Social distancing means staying out of crowded places, avoiding group gatherings, and maintaining distance (approximately 6 feet) from others when possible.

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Coronavirus Articles

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Recent 2020

How the Coronavirus has Affected the Real Estate Market
Yahoo Finance  |  August 6, 2020

COVID-19 has affected the real estate market over the course of the year. As uncertainty over the future remains, Americans who may have been thinking of listing their homes are staying put until a more clear trajectory of the housing market is known. In an attempt to stimulate economic growth, the Federal Reserve cut interest rates to record-breaking lows. The average rate on a 30-year fixed mortgage has dropped below 3%, and the long-term savings are proving significant. Using a mortgage calculator, if you were to buy a 30-year fixed mortgage for $200,000 at a 6% interest rate your monthly mortgage would be $1,199. But at the current rate, if you were to buy that same home at a 2.9% interest rate the monthly cost would be $832. This would account for a savings of $131,990 over 30 years in interest alone.

Federal Update: Trump Eyes Executive Order if Relief Talks Stall, Fauci Says Politics Won’t Have a Role in Vaccine Approval, WHO Asks the U.S. to Reconsider Withdrawing
August 6, 2020

President Trump said he would likely move forward with executive orders on coronavirus relief later this week if the White House and Congress do not make progress in their negotiations. Trump acknowledged that a legislative deal was still possible, but the two sides remain far apart on both the top-line dollar amount and specific provisions of the legislation.

U.S. regulators overseeing the approval of potential coronavirus vaccines have promised scientists that politics won’t play a role in their approval process, White House coronavirus advisor Dr. Anthony Fauci said. President Donald Trump, who faces reelection in November, has said that a vaccine may be made available to the public “far in advance of the end of the year.” “We have assurances, and I’ve discussed this with the regulatory authorities, that they promise that they are not going to let political considerations interfere with a regulatory decision,” Fauci said.

World Health Organization Director-General Dr. Tedros Adhanom Ghebreyesus said he hopes the U.S. will reconsider its decision to leave the United Nations’ health organization, adding that the coronavirus can’t be defeated “in a divided world.” Amid the United States’ departure, which will take until next year to finalize, officials from the country are still collaborating with the organization in its response to the pandemic, Tedros said.  

McConnell and Pelosi Expect a Coronavirus Relief Deal but Huge Differences Remain
CNBC  |  August 6, 2020

The two most powerful lawmakers in Washington said they believe Congress will strike a coronavirus relief agreement but said major differences must be resolved during an increasingly bitter process.“Exactly when that deal comes together I can’t tell you, but I think it will at some point in the near future,” Republican Senate Majority Leader Mitch McConnell said. House Speaker Nancy Pelosi, D-Calif., also said she expects an agreement to boost an economy and health-care system devastated by the pandemic. 

Fauci Says Nation can Survive COVID-19 Without Another Shutdown
Politico  |  August 6, 2020

Anthony Fauci, the nation’s top infectious-disease expert, says the United States is facing a "concerted challenge" to navigate the resurgent COVID-19 outbreak — but if Americans band together, the nation can avert another extended shutdown. "There seems to be a misperception that either you shut down completely and damage a lot of things ... or let it rip and do whatever you want," Fauci said. "You don't have to lock down again, but everybody has got to be on board for doing these five or six fundamental public health measures" like masks and social distancing.

U.S. Weekly Jobless Claims Total 1.186 Million, Lowest Level of the Coronavirus Pandemic
CNBC  |  August 6, 2020

Weekly jobless claims hit their lowest level of the pandemic area, totaling 1.186 million last week, well below Wall Street expectations. Economists surveyed by Dow Jones had been looking for 1.42 million. The level for the week ended Aug. 1 represented a drop of 249,000 from the previous period.