{"id":2350,"date":"2020-06-24T10:58:04","date_gmt":"2020-06-24T14:58:04","guid":{"rendered":"https:\/\/liferep.net\/?p=2350"},"modified":"2020-06-24T10:58:04","modified_gmt":"2020-06-24T14:58:04","slug":"wednesday-june-24-2020","status":"publish","type":"post","link":"https:\/\/liferep.net\/?p=2350","title":{"rendered":"Wednesday June 24, 2020"},"content":{"rendered":"
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Dow drops 500 points to lows of the day on concern about rising coronavirus cases<\/h1>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Stocks fell on Wednesday<\/a>\u00a0as traders grew worried about the increasing number of newly confirmed coronavirus cases, which raised concern about the economic reopening and recovery.<\/p>\n

The\u00a0Dow Jones Industrial Average<\/a>\u00a0dropped 500 points, or 1.9%. The\u00a0S&P 500<\/a>\u00a0traded 1.7% lower while the\u00a0Nasdaq Composite<\/a>\u00a0slid 1.4%. The tech-heavy Nasdaq was headed for its first daily decline in nine sessions.<\/p>\n

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The major averages hit their lows of the day after Bloomberg News released headlines signaling a rise in Florida\u2019s Covid-19 hospitalization rate along with a rise in the state\u2019s number of confirmed cases.<\/p>\n

\u201cMarkets pause with all eyes on the virus and the reopening heading into the summer months,\u201d said Gregory Faranello, head of U.S. rates trading at AmeriVet Securities, in a note.\u00a0 The health side is back front and center as both monetary and fiscal liquidity has been factored in short-term. We have entered a new phase of this crisis.\u201d<\/p>\n

A CNBC analysis of Johns Hopkins University data found the U.S. 7-day average of coronavirus cases\u00a0surged more than 30% from a week ago<\/a>\u00a0after the total number of cases grew by more than 31,000 on Monday. California is one of the states that has seen a dramatic spike in cases, adding more than 6,000 on Monday alone. In Texas, the Covid-19 hospitalization rate has hit a record for 12 straight days.\u00a0\u201cWe\u2019re going to eclipse the totals in April, so we\u2019ll eclipse 37,000 diagnosed infections a day,\u201d\u00a0former Food and Drug Administration Commissioner Dr. Scott Gottlieb told CNBC\u2019s \u201cSquawk Box<\/a>.\u201d \u201cBut in April we were only diagnosing 1 in 10 to 1 in 20 infections, so those 37,000 infections represented probably half a million infections at the peak.\u201d<\/p>\n

Overseas,\u00a0Germany reported a cluster of newly confirmed cases at a slaughter house<\/a>\u00a0in Lower Saxony. That\u2019s the latest in a series of coronavirus outbreaks in Germany. Shares of companies primed to benefit from the economy reopening faltered. United Airlines fell 5.9%. Delta, American and Southwest all slid over 4%. Carnival, Norwegian Cruise Line and Royal Caribbean were lower by 9.7%, 10.9% and 10%, respectively. Retailer Gap also fell 8%.\u00a0Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said Tuesday\u00a0the\u00a0U.S. is seeing a \u201cdisturbing\u201d surge<\/a>\u00a0in new Covid-19 cases.\u201cThis raises many questions but the most important is the policy direction,\u201d said Tom Lee, head of research at Fundstrat Global Advisors, regarding the spike in cases. \u201cWe still see positive risk\/reward in stocks and as we have said for some time, equities are in the hands of buyers.\u201d Lee added that if the S&P 500 can stay above its 76% retracement levels, new highs will be hit this summer.<\/p>\n<\/div>\n

Today’s Inspiration<\/strong><\/p>\n<\/div>\n

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You\u2019re Stronger than You Think<\/h1>\n<\/header>\n
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The enemy likes to fill our minds with thoughts like\u00a0I can\u2019t<\/em>, and\u00a0I\u2019m not strong enough<\/em>. He wants us to be weak minded so we\u2019ll give up before we even try. It seems that between childhood to adulthood, we receive a lot of messages from the world and other people that make us afraid that we don\u2019t have what it takes. But if you have Jesus, then you have what it takes to do anything you need to do, and anything He wants you to do. And He definitely wants you to be healed from past wounds, and to be able to enjoy Him, yourself, other people, and your life. I encourage you to begin thinking,\u00a0I am strong<\/em>.<\/p>\n

My mother confessed to me 30 years after I got away from my father\u2019s sexual abuse that she didn\u2019t do anything about what he was doing, even though she knew about it, because she didn\u2019t think she could face the scandal. My mother thought she was weak and so she was. She stayed with a man who regularly hit her and was abusive and unfaithful over and over again. Why? Her own thoughts defeated her. If you see yourself as weak and incapable, you will allow people to mistreat you instead of standing up for yourself. If you have an \u201cI can\u2019t<\/em>\u201d mindset or feel that you\u2019re simply too weak or not smart enough to do what you need to do, make a decision today to begin thinking strong! Think strong\u2014be strong!<\/p>\n

See yourself as the new creation that you are (see 2 Corinthians 5:17), and believe that through Christ you can do whatever you need to do in life. You are far too precious and valuable to allow people to use and abuse you. We all feel weak at times, but when we do, we can go to God and His Word and receive His limitless strength. Isaiah said that God never faints or grows weary (see Isaiah 40:28); He lives in us, and \u201che who is in you is greater than he who is in the world\u201d (1 John 4:4). Just think about it: The same power that raised Jesus from the dead lives in us (see Romans 8:11)!<\/p>\n

The strength I\u2019m talking about comes only from our relationship with God through Jesus; we\u2019re not strong in and of ourselves. Jesus said that apart from Him, we can do nothing, but in Him we can do all things (see John 15:5; Philippians 4:13). Learning to lean on Him for everything is one of the first steps that will help your soul begin to heal. You are stronger than you think you are!<\/p>\n

Prayer Starter:<\/strong>\u00a0Father, please help me not to give in to a weak mindset, or the fear of not being enough. Thank You for staying by my side and providing me with all the strength I need today. In Jesus\u2019 Name, amen.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Dow drops 500 points to lows of the day on concern about rising coronavirus cases Stocks fell on Wednesday\u00a0as traders grew worried about the increasing number of newly confirmed coronavirus cases, which raised concern about the economic reopening and recovery. The\u00a0Dow Jones Industrial Average\u00a0dropped 500 points, or 1.9%. The\u00a0S&P 500\u00a0traded 1.7% lower while the\u00a0Nasdaq Composite\u00a0slid […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2350","post","type-post","status-publish","format-standard","hentry","category-daily-news"],"_links":{"self":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2350"}],"version-history":[{"count":1,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2350\/revisions"}],"predecessor-version":[{"id":2351,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2350\/revisions\/2351"}],"wp:attachment":[{"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}