On Wire

Breaking news, updates, and reports on current events.

AMC JUST HAD 97% LAYOFF!

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26,000 employees that were notified of layoff’s. https://finance.yahoo.com/video/amc-ceo-coronavirus-closings-caused-193352495.html https://www.msn.com/en-us/money/video/amc-to-close-us-theaters-for-6-12-weeks-we-need-relief-right-now-says-ceo/vi-BB11qD92   AC

Inside info from a truck driver. Shutdowns/lockdowns & restricted travel to get far worse & enforced!

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Truck Drivers / Trucking companies often find out things before anybody else, especially in an emergency situation that we are in because without truck drivers everything stops and we see and learn a lot across the country and at shippers and etc. It is now being expected that mass shutdowns/lockdowns and people not allowed to … Read more

Is this real life?

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A comment on Zero Hedge: Now, lets summarize what is currently happening -Somebody’s precious little bioweapon escaped the lab probably 6 months ago -Practically everything is shut down right now. I haven’t seen my town this quiet since 9/11 -All major sportsball events are cancelled -Practically all large events are cancelled -We still have barely … Read more

You want less criticism? Stop being such garbage.

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HARSH, BUT FAIR: Related: Also: And: You want less criticism? Stop being such garbage. Every time China kicks out some of their fellow journalists the White House press corp responds by attacking Trump using China’s preferred narrative to ingratiate themselves with Beijing.   h/t GR

CNBC: “Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%”

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Goldman Sachs economists forecast a historically sharp and swift recession, with second-quarter GDP sinking a stunning 24% after a 6% decline in the first quarter. The economists had expected a decline of 5% in the second quarter, after a flat first quarter but they said social distancing measures have affected many sectors of the economy … Read more

BREAKING: Pence staffer tests positive for coronavirus, becoming first-known case of a White House employee

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Watch the latest video at foxnews.com A staff member in Vice President Mike Pence’s office has tested positive for coronavirus, a spokesperson for Pence announced Friday evening, making that the first White House staffer known to have the virus. “‪This evening we were notified that a member of the Office of the Vice President tested positive for the Coronavirus,” … Read more

This storm will be here for some time and we will feel the aftershocks for many years to come. If you can, try to support your local community as much as you are able.

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https://twitter.com/LordPolemos/status/1241048837197725697 https://twitter.com/Techs_Global/status/1241063958666194954 The largest US investment-grade bond ETF ( $LQD ) has given up a decade worth of gains in a matter of days @SoberLook pic.twitter.com/2OqtRrjoTu — The Long Game (@7LongGame) March 20, 2020 https://twitter.com/NorthmanTrader/status/1241033792833433610 U.S. economy deteriorating faster than anticipated as 80 million Americans are forced to stay at home [Washington Post]

Fed Printing $75 Billion A Day! But the Global Economy Falls Into Recession Rapidly!

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Do you think that most central banks will eventually buy stocks? The central banks around the world are still reducing interest rates and printing more money. The Fed, the ECB, the Bank of England, RBA, and every other central bank are completely exhausting all options. “Helicopter” Ben and Janet Yellen have now suggested the Fed … Read more

Spot the bubble before it bursts

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by cinemagical414 Every financial crisis is exactly the same. Investors figure out a fun new way to make money, lever up their investments, convince dumber investors and businesses to buy in, lever up some more, spread the risk around the entire financial system, and ride the wave up until it crests and crashes. In the … Read more

THIS IS EXTREMELY IMPORTANT: Truckers appeal to US to keep rest stops, gas stations open: “In this current crisis, we ask for your help in supplying America, together.”

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via mercurynews As the United States gradually shuts down in a bid to slow the spread of the coronavirus, the trucking and tire industry is appealing to the government to allow gas stations, rest stops, and repair facilities to remain open to keep deliveries rolling. Pennsylvania’s Department of Transportation, for example, shut down all of its … Read more

The SCOTUS issued a major 5-4 decision that illegal immigrants who use someone else’s information when filling out tax forms for employment can face criminal charges. How is this not unanimous?

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https://twitter.com/Southrngirl77/status/1240723268434305025 The Supreme Court has been giving President Donald Trump recent wins. And in a close decision, they have handed him another one. The nation’s highest court recently took on a case involving undocumented workers and ruled that illegal aliens who steal Americans’ Social Security numbers can be charged with a crime. The SCOTUS issued … Read more

Michigan Activates National Guard As Pandemic Intensifies

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LANSING (WWJ) – In another move to help prepare during the fight against coronavirus, Governor Gretchen Whitmer is calling up the Michigan Army National Guard. Whitmer said the National Guard will assist the Michigan Department of Health and Human Services with assembling and delivering critical personal protective gear, such as gloves, gowns and face shields, … Read more

FOURTH Member of NJ Family That Has 7 Infected Has Died From The Virus… 2 On Life Support

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HORRIFYING: One family in New Jersey had dinner together last week. 4 are now dead from Coronavirus, 2 more on life support. HORRIFYING: One family in New Jersey had dinner together last week. 4 are now dead from Coronavirus, 2 more on life support.https://t.co/oMwkuCMv6k pic.twitter.com/Sg8ZIdR8Nq — Piers Morgan (@piersmorgan) March 20, 2020 Vincent Fusco became … Read more