Trump: Well run States should not be bailing out poorly run States, using CoronaVirus as the excuse! The elimination of Sanctuary Cities, Payroll Taxes, and perhaps Capital Gains Taxes, must be put on the table….

Well run States should not be bailing out poorly run States, using CoronaVirus as the excuse! The elimination of Sanctuary Cities, Payroll Taxes, and perhaps Capital Gains Taxes, must be put on the table. Also lawsuit indemnification & business deductions …

READ MORE

TEX GOV. ADMITS RE-OPEN DANGER

During a private call on Friday, Texas Gov. Greg Abbott admitted that “every scientific and medical report shows” state reopenings “ipso facto” lead to an increase in novel coronavirus cases, even as he publicly announced plans that same week to end an executive …

READ MORE

Layoffs that just a month ago were labeled “temporary” are now being tagged “indefinite” or “permanent.”

Layoffs that just a month ago were labeled “temporary” are now being tagged “indefinite” or “permanent.” https://t.co/0QKwEOmtuz — Lisa Abramowicz (@lisaabramowicz1) May 6, 2020 Although Covid-19 fatalities in the U.S. haven’t started to trend down yet, economists are beginning to see signs …

READ MORE

Charlie Munger: “Amazon has more to fear from Costco than Costco has to fear from Amazon. Because [Costco has] a better warehouse situation that is much cheaper- plus a public that totally believes that anything they sell will be high quality and low price.”

2/ Charlie Munger: "they're coming late to any sort of delivery system. But in the end they’ll be more efficient and they’re already more trusted. So I would say all the figures show that Costco has nothing to fear from …

READ MORE

Bankruptcy bonanza….

[AAL] American Airlines’ risk of bankruptcy. U..S. AIRLINES AT RISK OF BANKRUPTCY IF FORCED TO REFUND NON-REFUNDABLE TICKETS OR THOSE CANCELED BY PASSENGERS -A4A TESTIMONY — *Walter Bloomberg (@DeItaone) May 5, 2020 Norwegian Cruise Line says there’s ‘substantial doubt’ about …

READ MORE

Fed’s Clarida Says We’re Living Through The Most Severe Contraction In Activity And Surge In Unemployment We’ve Seen In Our Lifetimes – CNBC

FED'S CLARIDA SAYS WE’RE LIVING THROUGH THE MOST SEVERE CONTRACTION IN ACTIVITY AND SURGE IN UNEMPLOYMENT WE’VE SEEN IN OUR LIFETIMES – CNBC — *Walter Bloomberg (@DeItaone) May 5, 2020 https://twitter.com/Hipster_Trader/status/1257702221992480770 Tomorrow ADP will tell us that 20mm people lost …

READ MORE