Weekly COVID Update: 7/7 – 7/14

Economic Outlook

Speculation about the recession continues as the pandemic rages on. Although COVID-19 cases have been rising, many were encouraged by updates on the development of a potential vaccine.

7/14/20 | Stocks Climb on Vaccine Update; Dollar Declines: Markets Wrap

7/14/20 | Dow surges 557 points as traders weigh bank earnings and spiking virus cases

7/14/20 | ‘This is not a normal recession’: 3 large US banks set aside $28 billion to cover potential loan defaults due to the coronavirus pandemic

7/14/20 | Big banks prepare for protracted recession, report significant drop in profits

7/14/20 | Best guess on when business travel will recover? It could be years

7/14/20 | An indicator that presaged the housing crisis is flashing red again

7/13/20 | Coronavirus surge is killing America’s small businesses

7/10/20 | Where Does The U.S. Housing Market Go From Here? Five Experts Share Predictions For The Rest Of 2020

Business News

The possibility of another stimulus package seems even more likely. With the PPP extended through early August, some would like to see a new round of loan programs.

7/14/20 | The White House opens the door to extending boosted unemployment benefits with $600-a-week federal payouts ending in 12 days

7/14/20 | A Big Change Is Coming to the Next Stimulus Deal

7/14/20 | New round of Fed loan programs? Groups push to use leftover CARES Act funds

7/13/20 | Coronavirus Phase 4 Stimulus Package ‘Conclusively’ Confirmed, Kudlow Says

7/8/20 | PPP Loan Program Extended; Loan Data Released: What Small Businesses Need To Know

Local Updates

Over the past week, Florida became the state with the highest number of new COVID-19 cases. Florida has so many COVID-19 cases that it outpaces the totals of most countries. Also news from this week, Florida schools will officially reopen in August.

7/14/20 | Florida Sets Coronavirus Death Record, Hours After Gov. DeSantis Said State Had ‘Stabilized’

7/14/20 | DeSantis Sending Medical Help To Tampa Bay In Effort To Stem Coronavirus Outbreak

7/14/20 | Here are the reopening plans for Tampa Bay school districts

7/13/20 | Florida has more Covid-19 than most countries in the world. These stats show how serious the problem is

7/13/20 | Florida counts 12,624 coronavirus infections on Monday, 35 deaths

7/13/20 | Hillsborough launches online dashboard to track COVID-19 in the county

7/13/20 | Duval County schools back-to-school plan a ‘fluid’ situation

7/13/20 | New York to fine travelers from Florida $2,000 if they don’t provide contact information

7/11/20 | Governor of Florida says if Walmart can open, so can schools

7/8/20 | Tampa mayor: ‘If we have to take steps backward, this will be the week we make that difficult decision’

Numbers as of End-of-Day 7/14/20

There have now been 291,629 cases throughout the state of Florida and 4,409 deaths.