Cumulative diagnoses and deaths: Up to now, 576 cases of new coronary pneumonia and 22 deaths have been reported nationwide. Among the confirmed cases, 80 and 3 cases were respectively diagnosed from the “Diamond Princess” in Japan, and the evacuees in Wuhan, China, and 493 occurrences in the United States were distributed in 12 states in the United States. These 493 cases include “presumed positive” cases that are still awaiting final confirmation by the Centers for Disease Control and Prevention (CDC), and confirmed cases that have received results from the CDC.
Impact on the economy/stock market
On March 3rd local time, the Federal Reserve announced that it would cut the standard range of the federal funds rate by 50 basis points, which is the most significant rate cut by the Federal Reserve since 2008 to counter the economic impact of the new crown epidemic. As a result of this boost, U.S. stocks turned to rise for a short time, but the three major US stock indexes fell across the board at the close. The yield on 10-year U.S. Treasury bonds fell below 1%, a record low, and the lowest fell to 0.906%. The yield on the 30-year Treasury note also hit a record low of 1.601%.
Last week U.S. stocks experienced their worst weekly performance since the financial crisis. In terms of U.S. economic data, after the market opened on the 2nd, the United States released manufacturing data that was less than expected. The ISM’s manufacturing purchasing managers index fell from 50.9 in January to 50.1 in February.
With the spread of the epidemic in the United States, market concerns about U.S. business performance and economic growth prospects have intensified. Goldman Sachs chief US stock strategy analyst David Costing recently pointed out in a report that considering the possibility of widespread virus spread, U.S. companies’ earnings growth in 2020 is expected to be zero. Wall Street’s highly sought after economist Ed Hyman said the new crown pneumonia epidemic could eventually lead to a recession in the U.S. economy. He significantly reduced the US GDP growth estimate for the second and third quarters of this year to zero. Moody’s chief economist Mark Zandi believes that in the first half of 2020, the U.S. economy has a 40% chance of falling into recession.
1. U.S. President Trump announced on the 2nd that he is considering imposing more travel restrictions on severely affected countries, but did not disclose which countries are included. Vice President Mike Pence said at a press conference that people flying to the United States from Italy and South Korea by plane will be screened multiple times before arriving in the United States.
2. The United States will also significantly increase the production of new coronary pneumonia test kits and masks. The U.S. Secretary of Health said that there are currently about 75,000 test kits in the United States, and that number will increase “significantly” in the coming weeks.
People’s living conditions
With the spread of the new crown pneumonia epidemic in the United States, many people have begun to store some medicines, cleaning supplies, hand soap, masks, surgical gloves, and food that can be saved, and many shelves are empty. Experts warn that retailers may experience more considerable shortages in the coming weeks, which could trigger price hikes. Also, at least 48 schools in Washington State have been closed due to concerns about the spread of the new crown pneumonia epidemic.
The world’s superpower, the United States, cannot escape the effects of a new coronavirus. The impact of the epidemic is non-international, and the mode of transmission from person to person is also consistent. The new coronavirus has changed the way people communicate and travel, which has severely impacted the development of the market economy. Especially the real estate construction industry. This also directly affected the development of the lightweight foam concrete industry.
Lightweight foam concrete is widely used, including foam concrete blocks, thin partition boards, cellular lightweight concrete blocks(CLC), roof insulation, and ground backfill. Most of these products are used as modularity in building housing, which can be quickly spliced or shaped to achieve standardized construction. Therefore, future market demand is still huge. Lightweight foamed concrete blocks are currently used in isolation wards in large medical isolation areas in the United States. The manufacturing method of lightweight concrete blocks is simply cement, fly ash, mineral powder, fiber, foaming agent, polycarboxylate superplasticizer, foam stabilizer, reinforcing agent, and so on: convenient construction, large-scale production and processing, batch production management, and final shipment to the construction site.
No matter how the world economy develops, we must return to the people-oriented principle. It is all about eating, wearing, living, and walking. The housing construction problems in various countries have played an essential role in driving economic development. Therefore, after the epidemic, the state will focus on infrastructure and the housing industry. There are breakthroughs in this industry, and new bright spots are bound to unearth a large bucket of real gold.