Dr. Fauci Says, 'Keep America Open'

The CDC warns that Covid-19 cases could spike heading into autumn.

The reopening of the country means more social contact. And reopening schools and universities in the fall means that more people will be in contact with one another.

Dr. Robert Redfield is the director of the CDC. And he’s requesting that all Americans:

Wear a mask
Social distance
Wash your hands
Avoid crowds

Meanwhile, Dr. Fauci is recommending the need to keep the country open. Dr. Fauci argues that we must contain the virus. Dr. Fauci says that doing so is necessary to assure that Americans are able to access the health-care system for other health issues.

There is concern that during the last shutdown many people avoided going to the doctor. Kids didn’t get their usual vaccines. That resulted in unintended negative health consequences, Dr. Fauci said.

When America is shut down, “the number of suicides, overdoses, family issues such as child abuse and things like that, they all go up,” Dr. Fauci said.

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Moderna: Don’t Expect Results Until December

Moderna (NASDAQ: MRNA) is one of the most promising biotech companies working on the vaccine. However, the principal investigator of the trial at Emory University says, “At this point, it looks very unlikely that we would see any results before late November or December, at best, in my opinion. But it does depend how much Covid-19 is circulating in the community at the time that the study is ongoing.”

NYC Opens Museums and Cultural Sites

New York City plans to reopen museums and cultural institutions. The reopenings will start on Aug. 24 with certain restrictions, including limits on the number of people and required face coverings.

Texas Positivity Rate Falls

Texas has been running wild. The Covid test positivity rate has been over 20% for the last week. It’s recently fallen to a seven-day average of 16%. The state has had over 513,00 cases. This includes over 6,700 new cases on Thursday.

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The Coronavirus Numbers

Here are the numbers from Friday at 1:15 p.m. ET:

21,072,335 Infected worldwide
759,454 Deaths
5,433,129 Infected in the U.S.
170,817 Deaths in the U.S.

What’s Next

U.S. stocks were mixed in mid-day trading Friday. The S&P t00 was unchanged and the Nasdaq posted a small loss.

The markets are waiting to see what transpires in Washington. A series of stimulus benefits are expiring. And there’s concern that the economy will suffer another blow without more government spending.

Additionally, investors are uneasy regarding the 2020 election. President Trump is largely thought to be better for the economy and investors. Joe Biden would likely increase taxes and increase government regulation.

Despite that uncertainty . . .

New IPOs are soaring out of the gates. In fact, the average IPO is now up 44.9%.

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Yours in Health & Wealth,
Ian Wyatt