caulfield12

4% is the international average at this point, roughly. US running closer to 1.25-1.5, like South Korea. Italy 5-6%. We really won’t have a clue in the US until the peak 4-6 weeks from now, 3-5 if you guys are lucky and some of these more restrictive lockdowns work. The big difference here is most of the problems were restricted to ONE area the size of California. US, the problems are so spread out.

End date for her show. We have what amounts to an upside down V curve for Fox viewers looming....and a more flattened curve for roughly 50% of the country.

Right now, respirators/ventilators/bed spaces remaining/ICU admissions....those are the key indicators, test results are kind of meaningless except for new areas without prior infections, which should theoretically have been preempted with surveillance testing to find canaries in coal mines.

Even with extreme measures of total lockdowns, direct food deliveries, massive testing, arrests/prison sentences, 10-14 day emergency hospital constructions....ten full weeks to get through. The area locked down here similar in size to California. Dow down 19% on the week, worst numbers since 1987 for a single week of trading.

Are they sending out some type of proof of the health care status/temperature checks on food and delivery service employees like in some parts of Asia...?

Sure, Burr just watched CNBC’s Asia report. Got it. Only publicly accessible information to make those moves.

Except that one Friday....two times, the interest rate cuts backfired pretty dramatically.

Note: this article came out before recent State of NY announcement about only essential service workers allowed to report...not quite the California shutdown, but close The U.S. labor market is about to experience even more pain, with Bank of America issuing a bleak forecast for initial unemployment insurance claims to soar to 3 million, as the coronavirus (COVID-19) disrupts the labor market. That would be the largest increase on record. With the COVID-19 crisis shutting down entire cities and countless businesses, unemployment is already on the rise. During the week ending March 14, jobless claims jumped to 281,000, up from the 211,000 a week prior. Now, BofA expects that the week ending Sunday will start to reflect the full force of food, retail and other service jobs laying off employees en masse. Major cities — and as of Thursday, the entire state of California — are urging residents to stay at home as new cases surge. “Our forecast is based on a compilation of news reports which show roughly 270k applications have been filed over 19 states through Wednesday,” Michelle Meyer, chief economist for Bank of America Merrill Lynch, wrote in a note on Friday. “Extrapolating from these numbers initial jobless claims will easily be in the millions, showing the immesh economic disruption the COVID-19 outbreak is having on the U.S. economy,” she added. yahoo.com/finance

https://www.jsonline.com/story/news/local/wisconsin/2020/03/20/sen-ron-johnson-defends-pacur-sale-amid-insider-trading-accusations/2882248001/ Sen. Johnson situation looks unseemly in terms of timing but not quite the level of egregiousness. Just suspicious timing.

https://www.ajc.com/news/state--regional-govt--politics/perdue-loeffler-among-senators-whose-stock-trading-during-coronavirus-raises-questions/YjEYsWqAVwZh52HTpl1EpL/ This has a blow by blow list of every single transaction. Shorting/dumping energy companies that early? At any rate, two for one deal in the state of GA with Perdue involved as well. I would say pick Abrams, but betting money for Biden VP is on Klobuchar and Warren. https://www.yahoo.com/entertainment/tucker-carlson-calls-for-senator-burr-to-resign-over-insider-trading-ahead-of-coronavirus-055910184.html Burr’s really going to be nailed to the cross. Colllins gone, Loeffler, Burr, Perdue, Inhofe, Ron Johnson (who was questioning the government “over-response” just a few days ago Diane Feinstein, don’t let the door hit you on the way out. Put them all in jail until the last coronavirus case is cleared in the US. https://nypost.com/2020/03/19/we-should-blow-up-the-bridges-coronavirus-leads-to-class-warfare-in-hamptons/ Greg, you’ll like this one...

https://www.cnn.com/2020/03/19/politics/millennials-coronavirus-social-responsibility/index.html

Everyone running for office should be forced to sell out of their positions or a blind trust where no moves can be made during their term in office. Eric running the Trump Organization while his father is president...certainly no advantages will accrue there. Whether it’s nepotism or insider trading on both sides, the system was designed to be corrupted. Which makes the college admissions scandal sort of a breath of fresh air...but there will always be Rick Singers and Lori Loughlins just waiting for their opportunity to game the system when things quiet down.

What’s going on with that Chateau Center in Willowbrook? Seems like another Kirkland (WA) is the making...46 cases already?

https://sports.yahoo.com/angels-manager-joe-maddon-playing-223700978.html https://www.espn.com/nba/story/_/id/28923583/adam-silver-lays-conditions-nba-return-mulls-charity-game-diversion

https://www.yahoo.com/finance/m/d1bc74bc-c2c2-3b76-ae26-257baaa99b61/jim-cramer-praises-mark.html Cuban, love him or hate him, has a lot of the sane ideas...seemingly. That’s $114 billion for Boeing and the airline industry bailouts, if we’re keeping score. Or $877 each for 130 million American families. It’s a start. Chop off the richest ones, make it $1000-2000. The cost of 10-25% unemployment for 6+ months is going to be in the additional trillions in bankrupted companies and 401k/IRA losses.

https://www.yahoo.com/news/florida-governor-refuses-shut-down-215237594.html https://www.msn.com/en-us/health/medical/ron-johnson-questions-federal-guidance-issued-to-fight-coronavirus-as-cases-and-deaths-rise/ar-BB11o9a3 https://www.yahoo.com/huffpost/rachel-maddow-7-states-coronavirus-100615754.html Maddow, citing the National Governor’s Association, said Texas, Tennessee, Oklahoma, Missouri, Mississippi, Idaho and Wyoming had not yet implemented statewide measures in response to the public health crisis. “No state-mandated school closures. No state-mandated limits on large gatherings,” she said. “No state mandates on the operations of businesses like bars and restaurants.” Maddow noted how, in some places, political leaders had issued “nonbinding recommendations” and “urgings,” which led some local school districts and businesses to take matters into their own hands and shutter of their own accord.

When they primarily invest influxes of cash flow into buying back stock to enrich executives, board members and executives...they got greedy after these last 10-11 years, neglecting to put the money in a rainy day, so to speak. Starbucks just did the same thing recently, but Trump will most definitely rescue them.

So we’re talking 3 1/2 to 4 months as the realistic timeframe from beginning to end...IF IF IF quarantine executed properly. Total lockdown quarantine from January 23rd to April 2nd. Essentially, ten full weeks. Wuhan, the Chinese city at ground zero of the coronavirus pandemic, will need to see 14 consecutive days of no new cases before travel restrictions can be lifted, a top Chinese health expert told state media on Tuesday. Speaking to the state-run China Daily newspaper, Li Lanjuan, a member of the Chinese Academy of Engineering and senior adviser to the country’s top health authority said: “If no new case of the coronavirus has been reported for 14 consecutive days in Wuhan following the last reported cases, we believe it will be a time when the lockdown can gradually be lifted.” Mainland China has seen a steady decline in locally transmitted cases for weeks, even as numbers skyrocketed across the rest of the world. Today, China reported its first day of no new domestic cases since the outbreak started -- all new cases were imported from abroad. Wuhan had been reporting cases in the single digits leading up to today's announcement. The rest of the country has been slowly relaxing restrictions on people's movements in the past week, with highways reopening and quarantine stations closing. Inter-provincial travel, which had previously been shut down entirely, is gradually resuming. People from other provinces are now allowed into Hubei province, of which Wuhan is the capital, if they pass temperature checks and have the appropriate "health codes" -- color-coded passes that indicate permission to travel. cnn.com

The homeless issues are 1000x worse in LA, SF, Seattle, NYC, DC, Florida....right now, roughly 70% of domestic airline routes are currently gone, the majority of international and all but Delta United and Southwest will go bankrupt or be consolidated.

Richard Quest on CNN was estimating a $3-4 trillion price tag....for government/taxpayers. That doesn’t count all those hurt by the roughly 35% fall in equity markets, with a long ways to go now before the absolute bottom. Imagine the hospitals even 75% where Italy is at now health crisis wise, Boeing and car manufacturers shuttered...2/3rds of American jobs now in service industries. That’s 10-25% unemployment quite easily. Eventually, the state unemployment offices will be shuttered, banks closed. We are approaching our second paycheck (first February 25th, then March 25th) with no salary because the school is claiming they have to physically go into the bank and do it manually. The credit card company is lenient for now (have to take money out of ATM and physically go into bank to deposit into onto wife’s card.) All the expenses for two months on there (food deliveries) for four...but we have never failed to pay off full amount but no practical way to pay until banks actually reopen physically and tellers/cashiers are working.

The problem is many people are experiencing stomach problems like diarrhea and nausea/vomiting and those weren’t originally on the initial screening symptoms. Bathroom hygiene is now coming to the fore as one of the key factors in the spread. So all those shared/common bathrooms for Spring Breakers in Florida will be a great help!

https://www.cnbc.com/2020/03/18/bill-ackman-pleads-to-trump-to-increase-closures-to-save-the-economy-shut-it-down-now.html I am just relaying his idea....which seems crazy at first. Some are suggesting every American gets an open credit line/loan from the govnt to be paid back within five years. That’s even crazier. Or the Fed’s going to have to invest in corporate bonds to keep cash flowing...as long as it isn’t devoted to stock buybacks like Starbucks just did. It’s not a business crisis, it's a health crisis impacting every aspect of American life. If we go week to week and argue over bailing out which airline...hotel chain...cruise line...energy company or restaurant, we’ll have a $30 trillion deficit in no time. Instead of stretching this out over months or even years...do like we did here in China. Whether it’s 4 weeks or 6 or 8, it’s better for the government to protect workers over that time span than to let half the S&P 500 get wiped out because of a virus or balance sheet that’s not ideal. Food choices will be more limited than people are used to...but it’s not like we are being asked to storm the beaches of Normandy and face a 50% chance of not going home in one piece.

Obviously we still need food, health care, pharmacies, gas stations, military/National Guard. We can convert all the planes for airlines that will soon be bailed out for deliveries if necessary. The infrastructure has to be kept in place to ensure food delivery.

Does that start election day...I think it was November 3rd, 2016....or Inauguration on January 20th, 2017?

Shut it down...the entire country for 30 days. GM, Ford, Fiat/Chrysler about to shut down. Airports not far behind. Then hotels. Etc. The government can’t afford to bail out every individual company...but they can make the workers whole. No rent collection, no interest charged, loans deferred...everyone needs to take a break with their family and have the entire government take over. Do it incrementally and it’s months or years to get back to normal.