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Dow plunges more than 700 points as Florida sees record jump in coronavirus cases
CNBC.com ^ | 6-24-20 | Fred Imbert, one other

Posted on 06/24/2020 9:43:42 AM PDT by CincyRichieRich

Stocks fell sharply on Wednesday as traders grew worried about the increasing number of newly confirmed coronavirus cases, which raised concern about the economic reopening and recovery.

The Dow Jones Industrial Average dropped 727 points, or 2.8%. The S&P 500 traded 2.8% lower while the Nasdaq Composite slid 2.6%. The tech-heavy Nasdaq was headed for its first daily decline in nine sessions.

The major averages hit their lows of the day after Florida said its confirmed cases jumped by 5,508 on Tuesday, a record, and now total 109,014. The state also said its positivity rate rose to 15.91% from 10.82%. Meanwhile, New York, New Jersey and Connecticut ordered visitors to quarantine for 14 days.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections; US: Florida
KEYWORDS: coronavirus; covid19stockmarket; dja; dow; florida; stockmarket
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To: Irish Eyes

Didn’t Dr Fauci testify yesterday? Stock market plummets today.
...
They likely hoped Fauci would cause it to go down, so they had to start rumors of more cases and get short money into the game...likely Gates, Steyer, other hedge fund managers coordinated it, too.


41 posted on 06/24/2020 10:50:22 AM PDT by CincyRichieRich (Be still, and know that I am God...Psalm 46:10)
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To: stars & stripes forever
>>>It’s more dangerous to be required to wear masks, which result in oxygen depravation.

Really? Then I guess your neurosurgeon - who wears one for HOURS - day after day - and his entire surgical team - is IN BIG TROUBLE!!!!!! You better NEVER let a doctor operate on you EVER AGAIN because they must ALL be suffering from brain damage - because they all wear them ALL THE TIME - for HOURS AT A TIME!!!

I guess millions of Japanese people - who have been wearing them for YEARS - are all suffering from O2 deprivation - because they wear them - well - even when they aren't sick.

I guess all those nail salon ladies who wear them for 8-10 hours a day - day after day - ARE IN BIG TROUBLE!

I guess all those tens of thousands of woodworkers - fiberglass workers - etc - that wear them ALL THE TIME - are in BIG TROUBLE!

SMDH - the stuff people believe and don't actually think through - is MIND NUMBING. Common sense has TRULY left the freaking building.

42 posted on 06/24/2020 10:59:11 AM PDT by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog show. Theater for sheep. My politics determines my "hero")
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To: CincyRichieRich

Only two Wuhan virus numbers matter, when they are increasing much, and neither of them are “number of cases” - deaths, and hospitalizations. The latter is some identification of the rate of severe cases requiring hospitalization, while the former is some indication of the fatality rate from the virus.

When deaths and hospitalizations are not rising, no matter what the “number of cases” is doing, it demonstrates (a) the health care system is not swamped and (b) our medical systems are doing a good job with patient care of those hospitalized. Those are the only two numbers that matter, because MOST cases have and will continue to be not severe and not deadly - no matter their number.


43 posted on 06/24/2020 11:06:59 AM PDT by Wuli (Get)
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To: BipolarBob

BipolarBob wrote:

“You ask too many questions. Next you’ll want to know how many died. THEN you’ll be asking if they really died from Wuhan Virus alone or was the cause of death something else and they only tested (or it was surmised) they were positive. Then you’ll want to know about this mandatory mask edict. It never ends when you go down that slippery slope of digging for the truth.”

I’m gonna ask anyway.


44 posted on 06/24/2020 11:09:09 AM PDT by WildHighlander57 ((WildHighlander57 returning after lurking since 2000)
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To: Political Junkie Too

Thank you very much for this information!!!


45 posted on 06/24/2020 11:10:39 AM PDT by WildHighlander57 ((WildHighlander57 returning after lurking since 2000)
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To: Truthoverpower

There’s only one statistic to look at and even that is somewhat fishy and that is guess who is dying from this stupid Wuhan flu ?

and the answer is almost nobody now
++++=
Well you are mostly right. With all the testing going on the identified Coronavirus cases will go up. They could be going up without the testing but I doubt it. And there is actually no way that I can see that would allow you to separately evaluate those two factors.

I recommend ignoring the New Case Data. At least for now.

But you are spot on when it comes to watching the death rates. They are not affected by the testing and, while possibly inflated, it is the trends that count much more than the totals. Are they up, down or are they steady as you go?

My take, Wikipedia database, is steady and somewhat down. Certainly not spiking up. But not zero either - a few hundred a day. Maybe 500. That would be 15,000 per month and well below what we were seeing in April and May.

But, a word of caution, a jump up in deaths could happen. If it is going to we should see it in the next month. If we do we should believe it, either accept it or do something about it and stop blaming Soros and the Deep State.


46 posted on 06/24/2020 11:12:09 AM PDT by InterceptPoint (Ted, you finally endorsed.)
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To: WildHighlander57

And are the ICUs full?

And who’s in ICU? WuFlu patients or patients with WuFlu?


47 posted on 06/24/2020 11:15:16 AM PDT by mewzilla (Break out the mustard seeds.)
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To: CincyRichieRich

https://medium.com/analyticaper/covid-19-what-the-data-tells-us-3a08e42ee36f


48 posted on 06/24/2020 11:22:25 AM PDT by Rocky
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To: CincyRichieRich

Note it is infections, not deaths. This is to be expected as we develop an immune system to the virus. And a drop of 700 pts is nothing.


49 posted on 06/24/2020 11:31:37 AM PDT by fortheDeclaration
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To: NELSON111
All those miners back through history with Black Lung disease who should have worn them too.

What bugs me the most are the mask shamers.

50 posted on 06/24/2020 11:37:01 AM PDT by higgmeister ( In the Shadow of The Big Chicken)
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To: CincyRichieRich

Having been infected by the Corona-19 virus does not mean becoming sick or having symptoms 99.9% of the time. Not that any of our Fearpers care about that.


51 posted on 06/24/2020 11:41:30 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: CincyRichieRich

Why can’t we just trust “the science?” The science says the risk of dying from Chinese Flu if you are under 70 is .025% as per Sanford study.


52 posted on 06/24/2020 11:46:12 AM PDT by jmaroneps37 (Conservatism is truth. Liberalism is li)
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To: Truthoverpower

“viruses don’t stand a chance in the summer”

It is not the heat that kills the virus in summer time. It is because people are outside getting sunshine (vitamin D) that boosts the immune system.

also they are not crammed in to homes during the winter with windows closed and not getting exposed to sunshine.


53 posted on 06/24/2020 11:47:46 AM PDT by dirtymac (Now is the time for all good men to come to the aid of their country.(DT4POTUS))
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To: WildHighlander57

I’ll wager that 99.99% are asymptomatic.


54 posted on 06/24/2020 11:48:48 AM PDT by dirtymac (Now is the time for all good men to come to the aid of their country.(DT4POTUS))
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To: mewzilla

FINALLY!!!!

Thanks, mewzilla. Ya think people will NOW start to get the message???

Few hospitalizations, few in ICU, FEW DEATHS.

Varney, this morning was making me sick. All the damn gloom and doom and not ONCE mentioning the above IMPORTANT added information.

One more show like that, and I give up on him.


55 posted on 06/24/2020 11:49:40 AM PDT by Maris Crane
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To: mewzilla

Article claims 84% of ICU filled:

https://www.freerepublic.com/focus/f-news/3858843/posts


56 posted on 06/24/2020 12:39:02 PM PDT by WildHighlander57 ((WildHighlander57 returning after lurking since 2000)
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To: CincyRichieRich
Where are all the headlines about 1,029,000 recoveries from the virus in the U.S.? /rhetorical
57 posted on 06/24/2020 1:23:16 PM PDT by rfp1234 (Caveat Emperor)
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To: rfp1234

Where are all the headlines about 1,029,000 recoveries from the virus in the U.S.? /rhetorical
////
There won’t be any, of course. It bothers me more Freepers (our intelligent crowd) get hoodwinked by all this and discuss masks, gloves, post data over and over...when I see someone wearing a mask, I stereotype them to be lower intelligence, and a CNN/NBC viewer. This is an attack on our economy again; if one can’t see that being done on purpose, they need to move to the Slate/BLM/DailyShow discussion board.


58 posted on 06/24/2020 1:42:20 PM PDT by CincyRichieRich (Be still, and know that I am God...Psalm 46:10)
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To: M. Thatcher

You could offer a “free” kick in the nuts and people would line up. Even when the guy at the front of the line gets kicked in the nuts with steel toed work boots they would still ask, is it really free?


59 posted on 06/24/2020 3:04:06 PM PDT by Keyhopper (Indians had bad immigration laws)
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To: CincyRichieRich

“Stocks fell sharply on Wednesday as traders grew worried about the increasing number of newly confirmed coronavirus cases, which raised concern about the economic reopening and recovery.”

Love how CNBC makes up crap headlines on why the market retreated.

How about this for a headline: The Dow Fell as Elon Musk Reported Martian Invaders are Coming.

Sounds credible to me - SELL!!!


60 posted on 06/24/2020 3:10:28 PM PDT by sergeantdave (Teach a man to fish and he'll steal your gear and sell it)
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