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Stock impact report

U.S. economy, in clear sign of recession, shrinks 4.8% in first quarter due to coronavirus [Los Angeles Times (CA)]

IHS Markit Ltd. Common Shares (INFO) 
Last ihs markit ltd. common shares earnings: 3/24 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.ihsmarkit.com
In the broadest measure so far of COVID-19’s economic damage, the government said Wednesday that total U.S. output in the first quarter fell 4.8% -- faster than at any time since the Great Recession. But economists quickly noted that even this decline was likely the tip of the iceberg because the first quarter number included January and February, and reported coronavirus cases did not begin to surge until March. The full dimension of the pandemic’s economic damage will not be visible in the data until the second quarter. It left little doubt that the nation’s record 10½ years of economic expansion has come to an abrupt end, with profound political and economic repercussions. Wednesday’s negative news, coupled with grimmer prospects ahead, pose serious challenges to President Trump’s reelection strategy , which was designed to capitalize on now-vanishing prosperity. The pandemic also poses problems for Democrats hoping to rely on traditional campaign rallies and other methods of build Show less Read more
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