3/25/2020 Massive Job Losses-Coronavirus Bill-What Will Be, Will Be…

| March 25, 2020

AUTHOR: TOWNE SCHERER.COM/BLOG 3/24/2019: Towne Scherer Private Wealth Management BLOG:

Massive Job Losses
A range of 800,000 to 5 million job losses is being forecast before the unemployment report on Thursday, according to CNBC 3/20/2020. However, economists are projecting that these kinds of numbers will not pop up until April.

Coronavirus Bill
A $1 trillion bill to address the effects of the Coronavirus was stopped by the senate democrats reports CNBC 3/20/2020. The democratic leadership wants more for individuals than corporations. On such events, President Trump expressed optimism that the lawmakers would get there.

What Will Be, Will Be
Will the bill be passed before the announcement on Thursday....? McConnell, Senate Majority Leader, says there will be a vote tomorrow, says FoxNews, 3/22/2020. Sounds like someone is drawing a line in the sand.

And so, we shall see what we see...

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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.

Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.