COVID Notes 3/16
Waking up this morning, the stock market is looking at a significant plummet one again. The Fed reduced rates to zero, meaning you can expect bank stocks to lead the free fall. You may hear of a stock market halt early in the day, often referred to a circuit breaker halt, that will freeze the market, stopping trading, for 15 minutes.
New York announced that restaurants are limited to take out and drive thru only, closing all dining rooms. While this is not yet the case in CT, it is a logical next step. It is logical to expect that to take place in the next few days; keep in mind the many restaurant workers this can impact financially.
Starbucks everywhere, including CT, have closed their seating areas, but are still open to take out orders.
The good news is that the number of new Corona cases in China has dropped off significantly, and the world is watching closely to try and gauge a general timeframe. While schools are closed here for a minimum of two weeks, it will likely be far longer, and residents need to be prepared for this.
While schools are closed, meals are available for students. The Branford School District has arranged for meals to be available at Branford High School, for children under the age of 18 whose household has a student in the school district. The hours for breakfast and lunch are from 7:30 a.m. to 1:00 p.m. We are expecting more information on this program, and will post it as soon as it is released.
Remember to practice social distancing, and look out for those who are impacted negatively. Please refrain from hoarding supplies, and from posting and sharing misleading information about the virus. The weather calls for rain on Tuesday, so you may want to consider getting out of the house today, visiting a local park, going for a walk, etc.
Stay safe, and we will update you as information comes in. We will have a live Facebook broadcast later today.