As I wrote Tuesday, President Trump trying to resurrect the US economy is looking at Easter for a turning point.
In his daily news conference yesterday Trump cite the Christian holy day on April 12 as a good marker to unburden parts of the US to the self-imposed coronavirus shutdown.
However it will take more than a miracle for that to happen here in New York City where the infection rate is soaring compared to the rest of the country . On Wednesday, New York Governor Andrew Cuomo said 30,811 people have tested positive for the virus and more than 285 deaths have been recorded due to the coronavirus.
On Capitol Hill the Senate hammered out the $2 trillion Covid-19 stimulus package bill to aid an economy amid the crisis. Senate Majority Leader Mitch McConnell said the vote on the bill will happen Wednesday in both houses of Congress.
However, it would not surprise me in the least if House Speaker Nancy Pelosi were to throw a monkey wrench into the proceedings.
The Senate bill includes sending checks to millions of Americans, up to $3,400 for a family of four and a $367 billion program for small businesses loans to small businesses.
Wall Street appears to be behind the aid package after posting a record high advance on Tuesday of 2,113 Dow points or 11.4% gain, Dow futures are up another 750 points or 3.6% on the news.