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US - SouthWest

James Dimon's Warning for the U.S. Economy and uncertainties ahead

  • The range of outcomes for the economy in the second half is incredibly wide: JPMorgan Chase sees no fewer than five different paths it can take.
  • The bank has gotten more pessimistic, seeing unemployment in its default “base” scenario hitting nearly 11% by the end of this year, 4.3% worse than when it made the same forecast in April.
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Coronavirus Testing Labs Again Lack Key Supplies

Labs across the country are facing backlogs in coronavirus testing thanks in part to a shortage of tiny pieces of tapered plastic.

Researchers need these little disposables, called pipette tips, to quickly and precisely move liquid between vials as they process the tests.

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C.D.C. says the number of people infected ‘far exceeds the number of reported cases’ in parts of the U.S.

 The number of people infected with the coronavirus in different parts of the United States was anywhere from two to 13 times higher than the reported rates for those regions, according to data released Tuesday by the Centers for Disease Control and Prevention.

The findings suggest that large numbers of people who did not have symptoms or did not seek medical care may have kept the virus circulating in their communities. The study is the largest of its kind to date, although some early data was released last month.

“These data continue to show that the number of people who have been infected with the virus that causes Covid-19 far exceeds the number of reported cases,” Dr. Fiona Havers, the C.D.C. researcher who led the study, said in an email. “Many of these people likely had no symptoms or mild illness and may have had no idea that they were infected.”

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