As the coronavirus pandemic continues to spread around the world, there is one country in particular that has been faring less well than most others: the US. To date, there have been a total of 4.58 million confirmed COVID-19 cases, and over 154,000 deaths across the country; even more startling however, is the alarming daily increase in cases over in the last month, with new records in both infections and deaths being set every day.
On Wednesday, the national death toll surpassed the 150,000 mark, making the US the highest COVID-19 death rate in the world. This week has also been a dark day for coronavirus-related deaths, which have been rising at the fastest rate in over two months. On Thursday, there were a total of 1,231 deaths, with California, Florida, and Texas leading the grim tally. Hospitals across the southern states have become overwhelmed, causing government officials to retract reopening plans in order to slow down the spread of the deadly virus.
As many states across the US grapple with out-of-control infection rates and death numbers that follow the trend, the US president still continues to downplay the situation. Trump attests the surging rise in cases to increased testing, while remaining focused on the economy and markets more than ever, but health experts warn that it may take weeks for an infected individual to eventually succumb to the virus. As a result, the true extent of the continued rise in cases may not become evident until later on, which by then the situation will certainly be even more out of control.
Information for this briefing was found via the CDC, CTV News, and CNBC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.