More and more discussion is taking place about the possibility of re-opening the United States for business. Although some leaders and businesses are for it, many others are saying keep it shut down. The U.S. is not alone in this discussion, but some other countries are already seeking to loosen the restrictions.
While the numbers of new coronavirus cases and deaths continue to rise in most countries, most people think it is too soon to hang out the Open for Business sign. With the numbers of cases now being over 1.98 million worldwide and over 605,000 in the U.S., opening now is likely to cause a faster spread of the virus.
Spain and Austria Start to Reopen
Two countries that have already started to reopen for business are Spain and Austria. As far as Spain is concerned, this is rather surprising because it has the second-largest amount of cases and deaths in the world – having 172,500 cases today and over 18,000 deaths. The growth rate of both has certainly not ceased. The world will definitely be watching to see what happens there.
The U.S. is Considering Reopening in May
President Trump has long wanted to reopen the U.S. for business. There is a great concern that the economy is not doing well, but some medical experts – including Dr. Fauci – are saying that it is too soon. They fear that it will only cause a worse condition in this country that will only result in many more cases and deaths.
Already 10 states in the U.S. are making plans to reopen. They include seven states on the East Coast (including New York) and three states on the West Coast (including California). Nine of these states have Democratic governors. Massachusetts is the only one with a Republican governor. Together, these 10 states make up over 38% of the entire economic output of the U.S. They are putting together regional plans as to how the re-opening will take place.
President Trump is also making his plans on how and when to reopen the country for business. Even though the 10 states are making their plans, the President has said the decisions as to when is up to him – but he may leave it up to the governors.
Medical Experts Say It is Too Soon
Dr. Fauci and other medical experts are saying that it is too soon to open businesses. He believes that states need to have enough test kits to be able to test who should be allowed to go back to work and who should be kept at home.
Stimulus Program Running Out of Cash for Businesses
A warning has been given by the Republicans that the cash that was designated to help small businesses is running out. They are trying to encourage the Democrats to stop stalling on a second cash infusion. Senate Majority Leader Mitch McConnell has given a warning that the Paycheck Protection Program, which provided $349 billion to help small businesses, would run out of cash this week. One million loans have been dispensed from the funds. The Democrats want to be able to add more money to help other struggling agencies and groups – including hospitals.
Stock Market News
The three major stock markets gained today. This is the fifth day in a row that there has been positive movement in all three markets. News of a decline in new cases of coronavirus in New York and a possible reopening of businesses has struck a positive note – even though the stay-at-home orders still have a little more than two weeks to go – then we wait and see.