Today, let's take a look at where we are in the coronavirus crisis, including the economic and market implications. On the pandemic front, we had some good news this week. At the state level, case growth in most of the worst affected states appeared to have peaked. Nationally, the number of new cases was about 70,000 (almost the same as last week), and the daily spread rate improved from just under 2 percent to 1.5 percent per day. Overall, the national risks remain under control, and the possibility of another national shutdown is very unlikely.