Stock market news live updates: Stock futures drop after California joins Florida, Texas in re-closi

[progree]

Last edited Sun Jun 28, 2020, 08:38 PM - Edit history (1)

Source: Yahoo Finance

Stock market news live updates: Stock futures drop after California joins Florida, Texas in re-closing bars over virus surge

More cities rolled back reopening plans over the weekend. California Governor Gavin Newsom said Sunday that the state was ordering bars to re-close in seven counties including Los Angeles. He also recommended another eight counties re-close their bars, due to the spread of Covid-19 across the state. California's latest orders put the state in the company of others including Texas and Florida, which last week also mandated that bars in their states temporarily shutter.



Read more: https://finance.yahoo.com/news/stock-market-news-live-june-29-2020-221532343.html

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Just to be clear, it's not all bars in California, but those in 7 counties (including Los Angeles), with another 8 recommended to close.

I didn't post this as stock market news, but rather re-closing news. But you can see the pre-market trading at
https://money.cnn.com/data/premarket/

For the California Covid situation:

https://www.worldometers.info/coronavirus/usa/california/
(click the 7-day average checkbox below the Daily New Cases graph)

See all 50 states mini-charts (and click on any mini-chart to see a larger version and more stats for that state)
https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html

The mini-charts are default cases per capita, so can see a fair comparison between states. California's is the first mini-chart.

U.S. situation

Daily new U.S. cases, 7 day moving average: +77% in last 2 1/2 weeks

Looks like June 9-11 was the recent bottom of daily new cases, 21,300;

June 27: 37,600

+77%, (7 day moving averages).

https://www.worldometers.info/coronavirus/country/us/

(in case anyone is still in denial)

Deaths continue to decline. (New cases are more and more skewing younger people so death rate is going down. And lag the increase in cases by more than 2 weeks -- 2 weeks ago was around the bottom of new cases).

[sfstaxprep]

1. Down 30 Points Is A Drop?

I no longer have much trust in the markets. The Dow should be a few thousand points lower than it is.

[progree]

6. Yes, I'm embarrassed by the headline, but LBN requires no change to the headline

The Dow Futures did open 238 points below Friday's Dow close (25,015), so that's what might have triggered the headline (though I know a 1% drop is not all that exciting).

I posted it to announce the California bar closings, thinking it was the whole state at first. Oh well. It does include Los Angeles.

[Tommymac]

2. Wasted Days & Wasted Nights.

We should have gotten it right back in January. Now it's back to square one.

Donnie is truly evil.

[Grokenstein]

5. It isn't *all* on Tiny Toadstool, though.

Lot of very stupid people, both in charge and just loud, who latched onto any excuse to demand reopening.

How many of 'em are going to wise up this time around?

[Tommymac]

7. They have 128,000 reasons to do so...let's hold them accountable. n/t

[C Moon]

11. If that idiot would have been a leader and told the country to wear masks and obey

their governors, we'd be in MUCH better shape.
He fought against governors shutting down.
He fought against wearing masks.
It's Donnie's fault BIG TIME!!

[Grokenstein]

12. No doubt the crap excuse for leadership in the WH is a huge factor

But these people, from the governors to the idiot throwing the contents of her cart all over the floor at FiestaMart, are all supposed to be grown-ups. Let each and every one of them eat their own slice of the responsibility pie. Most of them were more than willing to defy President Obama over the most insignificant thing, so "buh duh Prezzzzdent tol' me to" is no excuse to hide behind now.

I'm not saying Don-Don isn't responsible for his own idiocy. But these clowns can't be allowed to pass the buck either or they'll just fuck everything up again next crisis.

[NoMoreRepugs]

3. Smooth rebound across the country?? Have these people

not seen the stupendous blunder reopening too early has been?

[progree]

8. It takes awhile to sink in ... Daily new U.S. cases: +77% in last 2 1/2 weeks

(7-day moving average)

https://www.worldometers.info/coronavirus/country/us/

(there's a 7-day moving average checkbox below the Daily New Cases graph).

[John Fante]

4. Too many conservative assholes refuse to wear masks.

It's impossible to have a smooth reopening when 35-40% of the country refuses to cooperate.

[IronLionZion]

9. California knows how to party

[bucolic_frolic]

10. Another 3 months of shorting this market and I'll have more money than Donald Trump!

The US has failed to do the work like Europe and New Zealand.

You gotta hand it to MAGAt conservatives though! One sure way to get the government off your back is to croak!