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The pandemic of 1918 is one of the deadliest. It was known as the Spanish Flu. And it killed 50 million people worldwide – including 675,000 Americans.
New research shows that Covid-19 rivaled the 1918 influenza. In New York City, Covid-19 had an overall death rate that was 30% lower than the Spanish Flu.
That’s shocking, given the health advances of the last 102 years.
Over 33,000 people died in New York City between March 11 and May 11. That equaled 202 deaths per 100,000 person-months.
The findings show that Covid-19 is much deadlier than the seasonal flu . . . and that this virus is more similar to one of the deadliest pandemics in recent history.
The Big News…
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New Unemployment Claims Fall Below 1 Million
New unemployment claims last week were 963,000. That was the first time they were below 1 million in months. Another 489,000 independent contractors also filed claims. Prior to the current crisis, the highest number of weekly claims was 695,000 back in 1982.
Chinese People Test Positive – Twice
Two people in China tested positive for the virus. They then recovered and were seemingly healthy. Both have since tested positive. This shows that people may be infected by the virus multiple times.
Daily U.S. Deaths Hit 1,470
The U.S. just recorded the deadliest day in August. 1,470 people died on Wednesday of Covid-19. For more than two weeks the U.S. has seen over 1,000 deaths in the typical day. That’s double the number of daily deaths back in early July.
College Football Plans Unknown
The future for college football is unknown. The Big Ten and Pac-12 conferences both postponed their seasons until the spring semester. Yet the Big 12 said it plans to proceed with its season starting Sept. 12.
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The Coronavirus Numbers
Here are the numbers from Thursday at 2:40 p.m. ET:
- 20,959,198 Infected worldwide
- 750,165 Deaths
- 5,384,758 Infected in the U.S.
- 169,667 Deaths in the U.S.
What’s Next
Stocks have now recorded all of their losses from the crash. And the S&P 500 hit an intraday record high earlier this week.
It took 123 trading days for the S&P 500 to go from the bottom to recover all the losses.
The S&P 500 has now gained 51% since the March 23 lows. That’s the biggest 100-day gain for the index since 1933.
Microsoft (NASDAQ: MSFT) is in talks to buy TikTok from its parent company. Additionally, Twitter (NASDAQ: TWTR) is apparently exploring an acquisition of the company.
There is increasing speculation that TikTok may pursue an IPO in the U.S. to satisfy President Trump.
This could allow regular Americans to grab Pre-IPO shares of TikTok – just a few weeks before could start trading.
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Yours in Health & Wealth,
Ian Wyatt