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Latest News in Milwaukee About Corona virus

Milwaukee News 

A VIEW FROM THE STATESGovernors was surprised and dismayed by some of what President Trump told them on Monday. Measures to slow the virus are slowing the economy, too. ImageTables sat empty inside Thai 9 restaurant in Dayton, Ohio, on Sunday. The state has ordered all bars and restaurants to close.

Tables for Coronavirus

Tables sat empty inside Thai 9 restaurant in Dayton, Ohio, on Sunday. The state has ordered all bars and restaurants to close. Credit...Kyle Grillot for Milwaukee Times It was clear on Monday that most of the American economy was grinding to a halt, and would remain that way for months, because of the coronavirus outbreak and the sweeping steps Milwaukee News being taken to try to halt it. On Wall Street, brokers and analysts were acting as if an economic collapse were inevitable, despite the Federal Reserve’s emergency moves on Sunday night to stoke economic growth through an aggressive bond-buying program. The S&P 500 fell nearly 12 percent on Monday and global oil prices slid below $30 a barrel, a four-year low.

Milwaukee About Businesses 

“We’re calling the recession,” said Gregory Daco, chief U.S. economist at Oxford Economics. “We have the three elements to make that call — a profound, pervasive and persistent contraction in economic activity.” Business groups, local and state leaders and a growing chorus of lawmakers and economists begged the federal government to spend trillions of dollars to pay workers to stay home and funnel money to companies struggling with an abrupt end to consumer activity. The administration floated several ideas for helping the industry without conveying a clear plan. After the main trade group for airlines suggested a $50 billion bailout, Mr. Trump’s chief economist, Larry Kudlow, said, “We don’t see the airlines failing, but if they get into a cash crunch we’re going to try to help them.”

Employers and employees are torn between fears of being exposed to the virus and fears of running out of money to pay for food and electricity. And government officials are left with the unhappy task of shutting down Milwaukee About Businesses that provide wages for large swaths of their communities while wondering what steps their neighbors are taking.

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