Divergent PMI readings between the U.S. and Europe indicate a stark contrast forming between the two continents. While Europe was hit with a wake-up call today, it looks like the American dream has yet again bought itself more time.

It seems now that all of Capitol Hill is finally embracing the fact that the virus will not be slowing down any time soon and that they need to implement policies that demonstrate substantial strength in their response to the pandemic.

Here are today’s biggest headlines: Georgia’s treatment of its coronavirus data, executives warning of an imminent slowdown, and Mnuchin’s new suggestion about PPP loan forgiveness.

Last week, U.S. equity markets posted double-digit gains following encouraging data showing that coronavirus infections may be peaking, as the rate of new cases appears to be slowing in multiple geographies.

Your weekly market coronavirus update from Real Vision. Read how coronavirus slammed into the United States like a hurricane, affecting the global economy.