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Newsletter Wednesday, March 18
March 18, 2020
Official information from authorities
Information Federal Gov.
(March 18, 2020)
- During the morning press conference, AMLO mentioned that the Secretaria de Economy and Foreign Affairs Secretaries are in talks with the U.S. government to accelerate the the U.S. government to accelerate the implementation of the T-MEC as a measure to safeguard the economy during the to safeguard the economy during the contingency.
- The President also mentioned that at the Cabinet meeting held yesterday, he assigned working groups to respond to the issues that are affecting the country. yesterday, he assigned working groups to respond to the issues being affected by the COVID-19 contingency. COVID-19 contingency.
State Information
(March 18, 2020)
- Adrián de la Garza, Mayor of Monterrey has confirmed that casinos, nightclubs and social centers in the municipality will also be closed. casinos, nightclubs and social centers in the municipality.
- The State Congress has approved the suspension of physical activities, but they will continue to attend will continue to serve the public via telephone. They also approved the the extension of the session until May 30, and it was mentioned that in the case of opinions that must be In the case of rulings that must be voted on by law, there will be the possibility of calling a session at least 24 hours to call a session at least 24 hours in advance.
- Several Chambers of Commerce sent a proposal of fiscal stimulus to the State Government in order to reduce the impact of the the State Government in order to reduce the impact on the state's economic activity. economic activity in the state.
Number of cases
México
Confirmed 93
Suspects 206
Negatives 672
New Lion
Confirmados 14
Sospechosos 22
Negativos 52
Economic Situation
Main economic news
(March 18, 2020)
- Peso plunges to a new all-time low of 24 units per dollar in international transactions. international operations. The peso fell to 24.067 units per dollar in international during the early morning to 24.067 units, a new historic low. (El Economista). https://bit.ly/3b6aeaX
- Falling oil prices weaken the outlook for federal transfers. transfers. Participations account for more than a third of the total income of the federal total revenues of the federal entities (El Economista). https://bit.ly/2vuVIdK
- The 'red tide' continues in the markets: Wall Street falls more than 5%; BMV more than 2%. 2%. The main indexes of both countries are 'stained red' on Wednesday. Wednesday (El Financiero). https://bit.ly/2QrJJF2
World News
- Trump announces closure of its border with Canada due to coronavirus. The U.S. president indicated that the measure will only apply to non-essential travel, such as shopping and tourism, and will not affect trade between the two countries. essential travel, such as shopping and tourism, and will not affect trade between the two countries; in addition, they seek to prevent the spread of Covid19. (El Universal) http://bit.do/fCnu3
- The U.S. will ask Congress for 850 billion dollars to address Covid-19. President Trump's administration assures that it seeks to inject significant sums of money into the economy by means of cuts in social security contributions or other mechanisms. significant sums of money to the economy through reductions in social contributions or other mechanisms (Milenio). http://bit.do/fCivG
- China claims to have developed a vaccine against COVID-19. China's Ministry of Defense confirmed in a statement that the vaccine has completed preliminary tests in preparation for mass production. vaccine has completed preliminary tests in preparation for mass production (El Financiero). http://bit.do/fCiUW
- Guatemala closes border with Mexico, no foreigner can enter that country. In these places he established personnel of the Armed Forces of his country. Armed Forces of his country. (El Financiero) http://bit.do/fCkvJ