Today is April 2, I am DML, and the stories below are catching headlines.
1-Facemasks the new thing?
America’s top doctor appears to have softened his stance over the effectiveness of face masks when it comes to preventing the spread of the coronavirus. U.S. Surgeon General Jerome Adams had initially advised against the general public wearing face masks, saying they were “not effective” in preventing people from contracting COVID-19 and amplified the risk of health-care providers being unable to get them.
However, Adams told NBC’s “TODAY” show on Wednesday that he has now asked the Centers for Disease Control and Prevention to investigate whether this recommendation should change.
DML: I am not wearing a mask. Arrest me.
2-Stocks show chance for strong opening
U.S. stock futures jumped after a surge in the price of oil, a financial market which has collapsed this year and raised concerns about hefty losses for the energy industry. A big jobless claims report ahead at 8:30 am ET would likely determine the direction of the market on Thursday.
Dow futures were up 415 points, implying a 349-point rise at the open. The S&P 500 and Nasdaq Composite were also set to open higher. Economists expect another 4 million to 5 million workers filed for jobless claims last week as coronavirus-related shutdowns roll through the country. The estimates range as high as 9 million.
The fatalities for Wednesday alone topped 1,000 — a one-day toll more than double that usually recorded for lung cancer and influenza combined, USA Today reported. Some researchers predicted U.S. coronavirus deaths could surpass 2,000 per day by mid-April, exceeding daily deaths attributed to heart disease, the report said.Amid the climbing numbers, five more states – Florida, Georgia, Mississippi, Nevada and Pennsylvania – added or expanded stay-at-home orders, while Michigan proposed a 70-day extension of an emergency declaration that had been set to expire April 7.
House Speaker Nancy Pelosi, D-Calif., is pushing for a new stimulus bill that would roll back the state and local tax deduction (SALT), a proposal that would predominantly help wealthy individuals — including most residents in Pelosi’s district and perhaps even Pelosi herself.A 2019 report from the Joint Committee on Taxation projected that of those who would face lower tax liability from the elimination of the SALT cap – which only affects those who itemize tax deductions – 94 percent earn at least $100,000. The government would lose out on $77.4 billion in tax dollars, with more than half of that amount being saved by taxpayers earning $1 million or more. Those earning more than $200,000 would reap most of the balance.
California’s 12th congressional district, which Pelosi represents, is among the wealthiest in the U.S., with a median income of $113,919, according to census data. The average household income is $168,456 — meaning most residents would benefit from any significant cut to SALT.
Pelosi and her husband have a property tax liability of approximately $198,337.62 considering their two homes, a winery and two commercial properties, public records show, indicating that the couple could reap benefits on roughly $188,000 given a full SALT repeal.
DML- American politicians from both sides are hungry to give away free money. We’re so screwed (‘we’ being our kids and grandkids).
5- DML, I feel better already!
This in my inbox: “DML, I jumped on the free DML CBD offers when you first started them almost two weeks ago and got my delivery within a few days (you guys work fast). I bought the DML Gummy Chews and they are awesome. I take two each day and a week later I am feeling the difference. Getting sleep like never before and my anxiety is gone even with all the horrible scares with covid19. I am so happy I listened to you. God bless you DML. I will be ordering more today.” – Kathy
DML: Better order fast, we are nearly wiped out of every product and one of our manufacturers is shutting down Monday, unexpectedly. Go to DMLcbd.com/gum3 and get a free container with the purchace of 3 DML CBD Gum Chews.