Today is April 1, I am DML, and the stories below are catching headlines.
1- New home mortgages drop big time
The coronavirus appears to be hitting the housing market. Mortgage applications to purchase a home fell 11% last week and were 24% lower than a year ago. Real estate agents and homebuilders have reported a sharp drop in buyer interest, and open houses and model homes are shuttering. Some potential buyers are doing virtual tours, but the demand is not even close to normal spring volume.
DML: As I predicted to my members at TeamDML.com, the housing market was the last standing but it’s starting to take a knee. Soon it will be on its buttocks.
The U.S. has now surpassed China by over 700 COVID-19 fatalities — as the White House coronavirus task force said it projects 100,000 to 240,000 deaths from the virus and millions infected in the country. Without any measures in place to mitigate the contagion’s spread, those projections jump to between 1.5 million and 2.2 million deaths from COVID-19.
DML: Mitigation! It is the key! Please read #5 below!
3- Stocks set for another hard hit Wed.
U.S. equity futures are starting the quarter as they ended the last one, with declines. Traders are concerned about the economic fallout from the coronavirus, plus the White House projects 100,000 to 240,000 deaths. The major futures indexes are indicating a decline of 3.4 percent.
DML: I am concerned about the markets even more today than yesterday. I am a holder of stocks for the long term, but with these new projections in place one has to wonder when the finish line comes? When with the government declare enough is enough? The markets will not like this.
4-Oz Calls Out Cuomo
Dr. Mehmet Oz called on New York Gov. Andrew Cuomo Tuesday to reverse an executive order prohibiting doctors to prescribe two antimalarial drugs touted as potential coronavirus treatments outside of state-approved clinical trials or Food and Drug Administration-approved uses.
“I suspect there were concerns for the folks with rheumatoid arthritis and lupus who are dependent on chloroquine and couldn’t get it,” Oz told “Sean Hannity” of Cuomo’s order, which limits prescriptions of chloroquine and hydroxychloroquine to a 14-day supply with no refills. “I think … Cuomo passed that law to prevent people from taking it and putting it in their cupboards just in case,” he added.
“I have more confidence in Americans than that,” Oz added. “It’s an old malaria drug. We’ll have enough of it. We ought to lift the ban.”
Over the weekend, the FDA issued an emergency-use authorization to treat coronavirus patients with the drugs, which have been touted by President Trump as potential treatments.
DML: Cuomo is proving himself to be the worst governor in the nation.
5-Russia to the rescue
Russia is sending a plane filled with medical equipment to the United States to help fight the coronavirus following a phone conversation between President Trump and Russian President Vladimir Putin on Monday. The Russian Embassy Tuesday posted on its social media channels that “Russia may send a plane with medical equipment and protection gear to the United States already on Tuesday,” citing the Russian news agency TASS. Reuters later reported that Russian state TV was saying the flight had taken off early Wednesday morning. This comes after Trump indicated, without much context, that Russia was sending some sort of medical aid in his Monday coronavirus task force briefing.
DML: When Russia is sending us equipment then you know things are bad. As I noted last night on my Facebook LIVE, I finally understand why the models are showing incredible surges in death… NO EQUIPMENT. The U.S. has failed the American people by ignoring the pandemics of the past, and therefore the shortage of equipment is what sends people into a downward spiral. Hospitals are seeing patients die who would otherwise be saved by a ventilator. And this is why I URGE YOU to take advantage of the offers I make to boost your immune system. The immune system is the only tool you truly own in this war against the virus. PLEASE, before I a out of stock AGAIN — take me up on one of the following offers, or all of them. This battle, as shown last night by Trump and his team, will be lasting well into the summer. DML CBD is the best there is, and I believe it can help boost your immune system. Isn’t it worth the chance! DEALS:
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