Wall Street gets (mostly) grim

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Wall Street gets (mostly) grim
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Stocks finished their worst quarter since 2008 yesterday and big bank analysts are increasing their assessments of the coronavirus impact

— Our Caitlin Oprysko: “Medical experts from the White House coronavirus task force … delivered a sober, data-driven presentation that characterized a six-figure death toll from the coronavirus pandemic as the low-end ‘goal’ of the Trump administration’s mitigation efforts. … One chart, labeled ‘Goals of Community Mitigation,’ placed one of the best-case projections around 100,000 to 240,000 deaths.

— Our Victoria Guida: “The coronavirus pandemic is finally starting to take a toll on one of the economy's most important strengths under … Trump: consumer confidence.

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