The us senate passed a $2 trillion economic stimulus bill in the early hours of Thursday morning to rescue the stricken us economy and help fight a pneumonia epidemic across the country.

The bill passed the senate with 96 votes to none. The bill will go to the house of representatives for a vote on Friday. It was the largest stimulus package in U.S. history.

The main provisions include $1,200 per person for most adult U.S. citizens and help for small business employees.

The us senate has approved a $2tn rescue bill, the largest in recent us history.

Like Britain’s economic emergency, America’s bail-out bill promises more than $300bn in loans to small businesses to cover their costs for 10 weeks; It has also provided $500 billion in aid to airlines and other companies.

The government will also issue $1,200 checks to most adults and $500 checks to each child in the family.

But the concern is that, despite the size and scale of the bailout, it is not enough to cushion the economic impact of the us shutdown caused by novel coronavirus, which has become a global phenomenon. In addition, some economists have calculated that American companies could need five times as much cash to prevent mass bankruptcies and job losses.

Hit by COVID – 19, us economic activity was shut down and a large number of companies began to lay off workers. The latest data from the labor department on Thursday showed new claims for state unemployment benefits rose to 3.28 million in the week ended March 21, well above the historic high of 695,000.

Weekly claims are the most timely gauge of the U.S. labor market. Us media reports say the trump administration has asked states to stop disclosing claims for daily jobless benefits as the us economy has been shut down by the outbreak.

According to real-time data collected by Johns Hopkins university, as of around 7 am on March 26, a total of 69,197 cases of COVID 19 had been confirmed in the United States, with 1,046 deaths and 619 cured. From March 23 to 25, the number of confirmed cases exceeded 10,000 in a single day.

At least 18 states have asked people to stay at home and stop non-essential businesses if possible. These states account for nearly half of the U.S. population.

In response to the huge economic impact caused by the outbreak, the federal reserve has been “firing on all fire” in recent days. It has not only cut interest rates to near zero, started the “unlimited” mode of quantitative easing, but also used a number of coping tools from the 2008 financial crisis to inject liquidity into the financial system and the real economy.

Meanwhile, after a heated debate, the White House and congress have reached a bipartisan agreement on a $2 trillion economic stimulus package. On March 25th the senate voted unanimously, 96-0. Next, the bill will be voted on in the house of representatives on July 27, local time, after the passage of the bill will be sent to the White House for trump’s signature. Trump told reporters on Wednesday that he would sign as soon as possible.

It is the largest financial aid package ever passed by congress. It includes $500 billion for industries hit by the outbreak, $500 billion for cash checks to American families, and up to $3,000 per family.

This is in addition to $350 billion in loans to small businesses, $250 billion for expanded unemployment assistance and at least $100 billion to support hospitals and health systems in the fight against the epidemic.

The world trade organisation’s director-general said on Wednesday that forecasts showed the economic contraction and unemployment caused by the new pandemic would be worse than the recession of 2008. Although there are no specific forecasts, economists within the wto expect a sharp drop in trade.

The strength of the reserve currency, the dollar, in the face of sharp falls in global equity and asset prices, means a severe tightening of financial conditions and threatens to undo the easy policies of central Banks.

Supermarket shelves are being emptied and cash is the only precious commodity in financial markets. The hoarding of cash by Banks, investors and companies suggests a massive wave of deleveraging is under way in financial markets, and the echoes of 2008 are getting louder.

The real economy and the financial system are closely linked. The turmoil in financial markets prompted central Banks to cut interest rates in an emergency, but these measures did little to ease financial stress. The increasingly severe impact on the economy has also forced the government to introduce spending measures to support businesses and consumers.

The economic shock of the new coronavirus pneumonia (covid-19) pandemic is turning into a financial crisis. With economic activity stagnating, companies are preparing for a cash squeeze. Many companies have started to use credit facilities provided by Banks, which have crowded out balance sheets and limited the ability of financial groups to operate in financial markets.

The federal reserve suddenly cut interest rates by half a percentage point on March 3rd to cushion the blow.

The fed had been expected to cut rates after its meeting on January 17 and 18, but the decision came two weeks early.

The last time the fed had an “emergency rate cut” was after the collapse of investment bank lehman brothers in 2008.

Many economies around the world are cutting interest rates to cope with the effects of the new outbreak. The fed’s rate cut follows rate cuts by the reserve bank of Australia and Malaysia, with Hong Kong following in the footsteps of the us.

The fed’s interest rate cut was meant to pump more money into the market and stimulate the economy. But it has had the opposite effect on American stockmarkets.

Last week, U.S. stocks suffered their worst week since 2008 and rallied on Monday amid signs the federal reserve will cut interest rates after its march meeting to boost the economy.

On Tuesday, the first trading day after the rate cut, U.S. stocks rose in the first half hour of trading on news of the federal reserve’s emergency rate cut, but fell sharply within a few minutes, with the standard & poor’s falling as much as 3.6% before closing down 2.8%.

The fed cut the federal funds rate by 0.5% to between 1% and 1.25%.

In short, the interest rate is the rate at which American Banks borrow money from each other.

If that rate goes up, so does the rate at which Banks lend to businesses or individuals. On the other hand, when interest rates are cut, the rate at which Banks lend will fall, which will spur businesses and individuals to take out loans, making it easier to borrow money and generally having the effect of stimulating the overall economy to become more active.

The fed adjusts this interest rate to achieve one goal – to maintain maximum employment and price stability in the United States. Lower interest rates when the economy is weak, pumping more liquidity into the market and stimulating the economy. Raise interest rates when the economy is strong, reduce the money supply and prevent overheating.

In October, Nasdaq, the stock exchange, introduced a tool that USES deep learning in artificial intelligence to flag suspicious trades. The technology should make it easier to spot scammers in billions of transactions a year.

Nasdaq has adopted new software that, along with traditional methods, looks for stock market crimes such as insider trading. Michael O ‘rourke, nasdaq’s director of machine learning, says deep learning is important because it is “good at finding things that are hard to describe”.

To enable the software to enhance deep learning, nasdaq provides it with exchange order and trading data, as well as non-public information. After a year of testing, the team that created the technology decided it was reliable enough for widespread use.

One potential risk of using artificial intelligence to spot a scam is that it can generate so many false positives that it overwhelms the people in charge of vetting the deals. “You can’t miss it, but you don’t want to kill it either,” o ‘rourke said. However, he added that it was too early to calculate a meaningful margin of error, and that he found a certain number of miscalculations acceptable.

Ultimately, the onus is on federal regulators to track down offenders, a challenge for the Securities and Exchange Commission, which has limited resources. Still, the nasdaq team says the new software helps their work by providing better, more timely information.

“Through to bind Synchronoss personal cloud solutions to our Pocket Geek platform, we will be able to provide customers with a meaningful way to manage their content, at the same time to protect them on all sorts of equipment and the operating system of valuable personal data,” director of Assurant’s global Internet life Manny Becerra says. “At a time when consumer digital content protection and management are critical, we are pleased to offer our customers and their customers the most comprehensive and feature-rich mobile protection and personal cloud solutions in the industry.”

Integration has been completed means Assurant customers will be able to through Assurant Pocket Geek equipment protection application, easy backup equipment on all their personal data. In the event of device damage or loss, customers will be able to secure and recover their content, as well as access new and important features bundled into their protector, such as highlighting, flashbacks, tagging and search, image editing, and photo printing, through the Pocket Geek Cloud partner application.

We see the cooperation with Assurant simplify equipment and content protection plan for operators in the world and bind a new option is of great value, we are looking forward to do more of the planned deployment, including in the second half of 2020 in collaboration with a leading British mobile operators, “Synchronoss, President and chief executive Glenn Lurie says,” our goal is to make global operators have the ability to protect, including equipment and content, complete customer relationship, at the same time producing new incremental revenue streams, Enabling consumers to access and process content in their cloud with peace of mind and ease.”

Support hundreds of millions of mobile phone users around the world through cloud technology, messaging, digital and Internet of things products that transform the way businesses generate revenue, reduce costs and entertain users. Synchronoss relies on secure and scalable breakthrough innovations, trusted partnerships,

When a deadly SARS virus causing pneumonia appeared in China in 2002, most Chinese factories produced low-cost products such as T-shirts and sports shoes for customers around the world.
Seventeen years later, another deadly virus is spreading rapidly in the world’s most populous country. But China has developed into a major component of the global economy, which made the outbreak a more powerful threat to the wealth of all countries.
Multinational companies that rely on Chinese factories to produce products and rely on Chinese consumers to increase sales have already warned of losses.

Although factories in China are still producing a range of relatively simple, low-value products such as clothing and plastics, they have long dominated more advanced and profitable areas such as smartphones, computers, and automotive parts. China has evolved into an important part of the global supply chain, manufacturing parts needed for factories from Mexico to Malaysia.
China has also developed into a huge consumer market. In this country with a population of 1.4 billion, people have an increasing appetite for buying electronics and fashion and visiting Disneyland.

If customers cannot buy what they need from China, this will further lead to Chinese factories reducing orders for imported machinery, parts and raw materials, reducing computer chips from Taiwan and South Korea, reducing copper imports from Chile and Canada, Factory equipment imported from Italy.
“This could disrupt global supply chains,” said Rohini Malkani, an economist at global credit rating company DBRS Morningstar. “How long this will last, I don’t know yet.”

No one knows how long the corona virus outbreak will last, how far it will spread, and how many people will be killed. It is impossible to estimate how much damage it will cause to the Chinese economy. But China’s terrible status in the world economy means that the impact of this epidemic may far exceed SARS.

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您今天要发布一篇文章。不必担心您的博客的外观。如果您还没有给博客命名或是感到不知所措，也不必担心。只需点击“新文章”按钮，告诉我们您来此处的原因。

为什么要这样做？

• 因为它能为新读者提供背景信息。让他们了解您是做什么的，他们为什么应该阅读您的博客。
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不知道如何开始？只需写下您脑海中闪现的第一件事即可。Anne Lamott 是一位作家，大家都喜欢她写的书。她指出，你要允许自己写出“蹩脚的初稿”。Anne 提出了一个很好的观点，先开始写，之后再去考虑如何编辑。

在您准备发布时，给您的文章贴上三到五个标签来描述您博客的关注点 – 写作、摄影、小说、育儿、美食、汽车、电影、体育等。这些标签将帮助关注您话题的人在阅读器中找到您。确保添加“zerotohero”标签，这样其他新博主也可以找到您。