https://www.nytimes.com/reuters/2020/02/07/business/07reuters-china-health-usa-economy.html?searchResultPosition=3

Summary-
The coronavirus has continued to grow in China. In my padlet last week, I wrote about how the Coronavirus was impacting China's economy. I was curious if it was also affecting the United State's economy. According to this article, the United States is not seeing an major change in their economy because of the coronavirus. National Economic Council Director Larry Kudlow said, "There's a lot of variables involved and things we don't know. Internally we have looked at a drop in GDP of perhaps two-tenths of 1% - that's all we found so far. Again, based on the past and based on what we're seeing. We think it will be an absolute minimal impact."

Reflection- 
I was interested in this article because I picked an article last week about how the coronavirus is effecting the Chinese economy. Therefore, I wanted to pick one this week about how the coronavirus is effecting the United State's economy. This article relates to our class because in our class we have learned a lot about Gross Domestic Product and in this article we hear about how much the GDP was effected by the coronavirus. This article really relates to all of us because we will in the United States and should always be informed about what is going on in our economy.


Citation- 
Reuters. “White House Sees Minimal Impact on U.S. Economy From China's Coronavirus.” The New York Times. The New York Times, February 7, 2020. https://www.nytimes.com/reuters/2020/02/07/business/07reuters-china-health-usa-economy.html?searchResultPosition=3.

https://www.sun-sentinel.com/coronavirus/fl-ne-coronavirus-miami-postponed-ultra-music-festival-okeechobee-20200305-m74h7ra2z5cpzobchpbnm6fggq-story.html

Summary- 
This article was written this week because there have been multiple cases of the corona virus confirmed in South Florida. Ultra music festival is an electronic music festival that occurs once a year in Miami. It bring in tons of money and travelers. The festival draws over 100,000 people. Another festival in Miami called Calle Ocho brings in over 500,000 people. Ultra has been postponed while Calle Ocho was cancelled all together. This is will ultimately hurt the economy in South Florida. The lack of tourists and concertgoers will affect airlines, hotels, restaurants, vendors, etc. The Miami city commissioner said, "We are at a point in time where cities, states and the nation are struggling to find the right balance of protecting both public health and the economy,” Russell said. “Major events like Ultra are important to our local businesses. But our first duty is to the health and safety of our residents. It’s better for all of us in the long run to make that the priority." There are other musical festivals set to take place in South Florida in the next month or two. They have yet to be cancelled or postponed though. 

Reflection- 
I chose this article because I live about 45 minutes away from where Ultra takes place. Many people I know go every year and have already purchased their tickets. They are extremely upset. I'm sure many business owners in the are are also upset at the money. they are going to lose without the concert happening this year. I already have my plane tickets booked for a country music festival in Fort Lauderdale called Tortuga. It is  at the end of April. In this article,  it says that Tortuga has not been cancelled or postponed yet, but they are keeping a very close eye on things. After cancelling Ultra and Calle Ocho, Miami Mayor Francis Suarez said the city made the move consistent with “guidance from the CDC, which defines mass gatherings as those with 25,000 people or more.” Tortuga brings in over 90,000 people so it will be interesting to see if Fort Lauderdale follows what Miami did. 

Citation- 
Crandell, Ben. “With Ultra and Calle Ocho Music Festival Canceled, South Florida Event Organizers Watch Coronavirus News.” sun. South Florida Sun-Sentinel, March 6, 2020. https://www.sun-sentinel.com/coronavirus/fl-ne-coronavirus-miami-postponed-ultra-music-festival-okeechobee-20200305-m74h7ra2z5cpzobchpbnm6fggq-story.html.

https://www.usatoday.com/story/travel/news/2020/03/21/coronavirus-disney-hawaiian-resort-aulani-close-through-march/2893606001/

Summary- 
This article was written about the Disney Resort that's in Hawaii. It is going to close Tuesday, March 24th at 5:00pm local time. This will last at least until the end of March. According to the article, "Reservations for guests who had booked hotel rooms from March 24-31 will automatically be canceled, according to the advisory. Change and cancellation fees will be waived through June 30." This is going to hurt Hawaii's economy because tourism will be way less. Also, Disney is already hurting because of all of their theme parks being closed. This will be an added loss to Disney's revenue. For example, the resort has 351 hotel rooms and 481 Disney vacation club timeshare villas. With all of these emptied for multiple weeks, there will be a huge loss of money. Not to mention the amount of people that will be cancelling upcoming reservations for the summer.

Reflection-
I chose this article because I have heard multiple people say that because flights are so cheap during this time that they are going to go on vacations. Hawaii is a major vacation destination. Even if the flights are super cheap, there are very minimal hotels and restaurants open at this time. Also, it is extremely unsafe for people to travel right now if it isn't absolutely necessary. Disney corporations are extremely successful and rarely ever have had to close down. The amount of money that they make is huge and it is wild to see the shift in that due to coronavirus.

Citation- 
Dinges, Gary. “Aulani, Disney's Sprawling Hawaii Resort, to Shutter amid Coronavirus Concerns.” USA Today. Gannett Satellite Information Network, March 22, 2020. https://www.usatoday.com/story/travel/news/2020/03/21/coronavirus-disney-hawaiian-resort-aulani-close-through-march/2893606001/.

Summary-
This article was written about how the economy is being effected by the coronavirus. People are not only worried about their health now, they are worried about their jobs and our nation's economy. The dow has its worst first quarter in history. "Markets fell again in the late hours of Tuesday's trading session, with the Dow Jones Industrial Average closing down more than 400 points, or 1.84%. The S&P 500 slipped 1.6% and the Nasdaq was down by 0.95% at the close. The S&P 500 saw its biggest quarterly decline since the financial crisis of 2008. For the Dow, it was the worst first quarter -- ever."  This has happened after the amount of cases in the United States has continued to grow. There are more than 164,000 cases in the United States. Also, about 3,200 deaths in the U.S. were from COVID-19 and these numbers are growing daily. 

Reflection- 
I chose this article because if I wasn't taking this class, I wouldn't be thinking about the economy during the coronavirus. At first, I only was worried about health, but this has now changed. I feel as if this article relates back to our class because we have discussed The Dow throughout many of our padlet discussions. I am sure people in our class also relate to this article because of family members or themselves and how jobs are being effected.

Citation-  
ABC News. ABC News Network. Accessed April 1, 2020. https://abcnews.go.com/Business/coronavirus-economic-updates-markets-slip-slightly/story?id=69893563.

https://www.clickorlando.com/news/local/2020/04/20/re-open-florida-task-force-given-sobering-economic-data/

Summary-
This article was written about Governor DeSantis and how he plans to reopen Florida. More than 40 percent of tourism, recreation, retail, real estate, construction and transportation jobs are at risk. Governor DeSantis wants just as much as anyone for Florida's task force to reopen, but he wants it to be done when it is safe to do so. Florida hasn't reached it's peak yet so therefore, it isn't safe to reopen yet. As I wrote in my padlet last week, it seems like it is either we open up the economy and risk more people getting sick and dying or we keep it closed and try to flatten the curve. "The chamber’s chief economist said an optimistic projection is that Florida’s gross domestic product will take a 2.3% hit and should come back by the end of the year. His pessimistic projection is an 8.9% dip in GDP and it could take four years to recover." 

Reflection- 
I chose this article because it is about how my state will reopen. I am very interested in that obviously. It is scary to think that our economy could take up to four years to get back to normal. I really want our state to reopen, but South Florida is still a hot spot. Therefore, it is not safe. I just don't see how it will ever be safe to reopen without a vaccine. Without a vaccine, people will continue to get sick. Our world is so advanced. We have self driving cars, but don't have a vaccine for this yet. 

Citation- 
Wjxt. “Re-Open Florida Task Force given Sobering Economic Data.” WKMG. WKMG News 6 & ClickOrlando, April 21, 2020. https://www.clickorlando.com/news/local/2020/04/20/re-open-florida-task-force-given-sobering-economic-data/.

https://www.cnbc.com/2020/04/24/coronavirus-updates-trump-signs-relief-bill-for-small-business-hospitals.html

Summary- 
This article was written about Donald Trump recently signing a relief bill that is wroth $484 billion. This relief bill is for the coronavirus. The money will be used to boost small businesses, hospitals, and testing. This bill was signed on Friday, April 24, 2020. The $484 billion I split into three parts. $370 billion goes to support small businesses and their employees. $75 billion goes to hospitals. $25 is goes towards efforts to improve testing. "The package becomes the fourth passed by Congress to respond to the outbreak, with a total cost approaching $3 trillion. As Covid-19 cases rise and sustained economic shutdowns keep millions of Americans out of work, many in Congress predict lawmakers will have more work to do to buoy the country — even as Republicans start to grow wary of the mammoth spending."

Reflection-
I chose this article because this signing of the bill just took place on Friday. Therefore, it is extremely current news. I am hopeful that this relief fund could help our nation get back on it's feet. At this point, anything helps. The things that the money has been allotted for are all extremely important and need the money if we want to reopen our economy and also flatten the curve of Covid-19 cases in the United States.

Citation- 
Pramuk, Jacob. “Trump Signs $484 Billion Coronavirus Relief Bill to Boost Small Business, Hospitals and Testing.” CNBC. CNBC, April 24, 2020. https://www.cnbc.com/2020/04/24/coronavirus-updates-trump-signs-relief-bill-for-small-business-hospitals.html.