Additionally, banks expect higher losses in consumer mortgages when payment deferrals end and higher credit-card losses due to elevated unemployment.

The latest Wall Street Journal/NBC News poll shows that a stunning 80% of Americans think the country is out of control. There is no formidable third-party candidate emerging to siphon away anti-Trump votes from the Democrats the way the Libertarian and Green candidates did in 2016. Mr. Trump has a solid base, but he is a divisive figure who hasn’t really expanded it.

Much of the questioning focused on an inquiry by Mr. Linick’s office into a May 2019 emergency declaration that facilitated arms sales to Saudi Arabia and the United Arab Emirates, two key allies in Washington’s then-intensifying confrontation with Iran.

The central bank will buy up to $20 billion in Treasurys this week, down from $50 billion six weeks ago, and $375 billion during the week of March 23. It will buy up to $22.5 billion in mortgage bonds.

Each vaccine study is expected to include roughly 30,000 people, some receiving the experimental shots and others placebo shots, though the final number of participants could vary, Dr. Mascola said.

In a sign that the Federal Reserve remains concerned about the prospects for American businesses, the central bank said Monday that it will make terms more favorable for its incipient program to extend loans to small and midsize businesses.

By threatening the marine industry with sanctions, the U.S. is embarking on new steps to stymie the Iranian-Venezuelan relationship while helping the Trump administration steer clear of a possible military confrontation stemming from other types of action at sea, U.S. officials say.

The Permian Basin is set to return to growth by next year and continue through 2030, consulting firms Rystad Energy and Wood Mackenzie estimate.

The size of the drop in demand will depend on when activity can start to recover, Mr. Schiemer said. If businesses begin to reopen in June or July, then the truck market might decline only 30% to 40% from 2019. But if the reopening is pushed back past July, then demand could fall even more, he said.