One certain thing is that the riots are illegal, and Trump is pushing for the National Guard to restore order, but it seems like things are getting out of control.
Riots, Looting and Protest in U. S. Over George Floyd’s Video
Dow Jones futures are trading higher despite the on-going riots and looting in America. Several places like Minneapolis, Chicago, San Diego, California, Washington have been in the news because of local reaction to the video that showed the killing of George Floyd. Business owners are trying their best to protect their property while remaining unsure whether riot damage is covered by insurance. One certain thing is that the riots are illegal, and Trump is pushing for the National Guard to restore order, but it seems like things are getting out of control.
National Guard, Curfew and Threat for U. S. Equity Markets
There is also a notion that Americans are angry because of higher unemployment triggered by the coronavirus. Some believe that while the George Floyd video is a catalyst, the actual reason for the civil uprisings is the lack of jobs and the unfair system of enforced unemployment. Speaking of Covid-19, the on-going riots in many of the U. S. states also bring into question if coronavirus cases will rise due to the riots. Social distance measures aren’t being respected in these places, and if these rules aren’t followed, the likelihood of virus cases shooting up in the U. S. is much stronger.
The fact is that if the social unrest isn’t addressed, it can prolong the recovery process in the U. S. The Federal Reserve has worked hard to restore confidence in the U.
