Home News Morning Briefing: US Economy Drops to Lowest Level in History

Morning Briefing: US Economy Drops to Lowest Level in History

United States (US) economy contraction 32.9 percent to 9.5 percent in the second quarter of 2020 compared to previous quarter, the lowest level in the country' history - Photo by White House.

JAKARTA (TheInsiderStories) – Good Morning! United States (US) economy contraction 32.9 percent to 9.5 percent in the second quarter of 2020 compared to previous quarter, the lowest level in the country’ history. While, President Donald Trump opened the discourse to reverse the date of the presidential election which was supposed to be scheduled for Nov. 3, 2020.

The reasoned, he questioned the possibility of voters having to use the post to submit their choice. To this, he proposed the parliament to revise the constitutional law.

In Indonesia, Jakarta extended the transition period for large-scale social restrictions to August 13, 2020 along with an increase in positive cases in the province. As of yesterday, the task force reported the number of positive cases in the country’s capital totaling 12,614 and 798 fatalities.

According to the task force, the daily rate grow 6.5 percent, over the World Health Organization’ limit. At the national level, total positive cases recorded 106,366 people, 5,058 deaths, and recover 64,292.

While, senior minister Luhut Binsar Panjaitan open Bali for local tourists starting today and in mid September will open for foreign travelers. Then, transportation ministry discussed the potential of forming a travel bubble and the transportation sector with Singapore.

Transportation Minister Budi Karya Sumadi said the formation of travel bubbles was carried out to reopen transportation connectivity between the two countries while continuing to run health protocols. Singapore Transport Minister Ong Ye Kung said he welcomed the initiation and was willing to discuss more intensively.

At the same day, National police was arrested the 11 years’ fugitive Djoko Tjandra. He is suspected of being involved in the corruption of PT Bank Bali Tb cases in 1999, during the era of Megawati Sukarnoputri’ leadership

Yesterday, Indonesian Rupiah closed down 0.39 percent to 14,600 per US dollar. While, the Jakarta Composite Index strengthened 0.75 percent to 5,149.63 compared to yesterday. There are no transactions today in Indonesia due to national holidays.

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team. Please Read Our News to Get More information about Indonesia