Bravo!South Korea 🇰🇷 has set up ‘phone booths’ that can test people for the coronavirus in just 7 minutes. The country has earned praise for its mass testing amid the Covid19 pandemic. pic.twitter.com/lQ47UPdiaz — Erik Solheim (@ErikSolheim) March 21, 2020
https://twitter.com/NorthmanTrader/status/1241498547868045313 Italy to close all non-essential business activities in bid to arrest spread of the coronavirus and allow the economy to restart as soon as possible. Prime Minister Giuseppe Conte said that supermarkets & pharmacies would remain open along with banks & post offices@business — Danielle DiMartino Booth (@DiMartinoBooth) March 21, 2020
by FireteamBravo3 Dollar Tree, which also owns Family Dollar, plans to hire 25,000 workers. 7-Eleven expects to bring on 20,000 new store employees. Amazon intends to hire 100,000 workers. Domino’s is hiring more than 10,000 workers. The medical community is looking for as many health care providers as possible. New York City has even asked private and retired providers to help in … Read more
Gunna be a wild week as support has been breached. pic.twitter.com/TXn42fTcWp — The Great Martis (@great_martis) March 21, 2020 🤔Waiting for a final Whiplash if ´87 model is on track @TradersCom @EconGlobal @AlessioUrban @MI_Investments @SpeculaThor @bocajoes @trading24h @LordPolemos @ARCDEPOT @Rafael60980545 @2020ninewaves @mah1mah1 @7LongGame @wheeliedealer @siddiqui71 @rsroc2 @jraixelamarkets @paibad pic.twitter.com/E3X0NkALfD — Antonio Pérez-Algás (@apanalis) March 19, … Read more
by David Haggith Just as stocks were taking a morning breather while I was enjoying my coffee as I wrote down these first Coronacrisis recession stats, Goldman Sachs churned out a heart-ripping prediction for the end of the week. It’s been a long line of facts to the recession, but the last step is a doozy! … Read more
Article: https://www.reuters.com/article/global-oil-shale-regulation/texas-oil-producers-ask-state-to-limit-output-as-prices-collapse-idUSL1N2BD01H So US producers have been looking for some way to end this oil price war while staying within the limits of US law and it look likes they’ve approached the Texas RR commission to use their regulatory authority to do and approach OPEC on the matter. Though there is some opposition from people within … Read more
Marriott CEO Arne Sorenson said coronavirus ‘is like nothing we’ve ever seen before’ and is having a greater toll than World War II on the hotel industry He axed his own salary and slashed senior exec salaries by 50% Friday Goldman Sachs predicted that a record 2.25 million Americans could enter claims for unemployment benefits … Read more
https://www.cnbc.com/2020/03/20/analyst-anticipates-worst-crisis-since-1929-amid-recession-fears.html ‘Isaacs said the 1929 Great Depression was the closest bear market comparison. After the stock market crash of Oct. 29, 1929, the S&P 500 fell 86% in less than three years and did not regain its previous peak until 1954. “That might coincide in mid-to-late April with some abating of the extreme lockdown in … Read more
Lot of headlines, important to focus on what policies are being implemented and what it means when the clouds part…… https://t.co/MrClBfKjH9 — LongConvexity (@LONGCONVEXITY) March 20, 2020
by biotechvest “We average about 2,000 unemployment insurance claims a day,” Newsom said. “Two days ago or three days, we saw about 40,000 applications. After that 70,000 applications. Yesterday, 80,000 unemployment applications.” I won’t be surprised if it reaches 150K a day by next week. What’s happening is unheard of. California unemployment claims to 80,000 … Read more
by dethneer Ok so it seems like every company and industry is coming out of the woodwork to ask the government for a bailout, from hotels to restaurants to manufacturers. Freaking Wendy’s mooned 40% yesterday because of bailout hopes. However they fail to realize that the Trump administration is stingy af and no one is … Read more
by smerff First of all, I’ve lost $12k since yesterday mornings open. LYV, NCLH, and SIX puts that I bought yesterday. I’m not worried, I know I’ll be cashing before their expiration. We’ve got more to fall. A lot more. Credit agencies have barely started their corporate downgrades yet. No bond or loan payments have … Read more
by SpontaneousDisorder By the end of the crisis will central banks have just nationalized everything by buying up stocks and corporate bonds? Who gets to vote on this socialization of the means of production? BOJ-Held ETFs Carrying 2-3 T. Yen of Loss: Kuroda Tokyo, March 18 (Jiji Press)–Bank of Japan Governor Haruhiko Kuroda said Wednesday … Read more
BY SRSROCCO The oil price collapse is a bad omen for much worse things to follow. The global contagion is impacting the U.S. economy and the domestic oil industry far greater than I realized just two weeks ago. As I try to allow my analysis to “Catch Up” to the gravity of the situation, my … Read more
By Tsvetana Paraskova Russia will not be the one to first demand a stop to the oil price war with Saudi Arabia because Russian President Vladimir Putin is unlikely to yield to what he sees as “Saudi blackmail,” sources familiar with Moscow’s thinking told Bloomberg. The OPEC+ coalition between OPEC’s leader Saudi Arabia and the leader … Read more
by Wayne Allyn Root All my life, four titles have best described me: Conservative, Libertarian, Capitalist and Contrarian. Keeping those in mind, I have great questions and doubts about what roads have been chosen to combat Coronavirus. I think it’s our right and duty to ask questions in a free society. I just don’t know if … Read more
Police in Central China's Wuhan arrested 8 people spreading rumors about local outbreak of unidentifiable #pneumonia. Previous online posts said it was SARS. https://t.co/oVpk4EIYM7 pic.twitter.com/JXbK9pmq8v — Global Times (@globaltimesnews) January 1, 2020 F*ck the CCP. F*ck communism. h/t Builder
by C Hamilton Summary Coronavirus is no plague or Spanish-flu, but we aren’t who we once were either. So the end result may be the same?!? The young (representing the future) cannot cover the rapidly growing debt…and the policies to avoid dealing with the debt are ultimately destroying future economic activity. The US is going bankrupt … Read more
