You knew it was going to happen… The U.S. Chamber of Commerce (President Tom Donohue) begins having apoplectic fits at the thought of even stronger Trump administration policies that might undercut their Chinese manufacturing investments. The U.S. CoC is the biggest stakeholder of U.S. multinational companies doing business in China. The Trump administration has been […]
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Senate Passes $2 Trillion Coronavirus Stimulus Bill…
The Senate passed the largest rescue package in modern history on Wednesday to alleviate economic pressure caused by the novel coronavirus, which has killed more than 1,000 people in the U.S. and over 21,000 people globally. Why it matters: The roughly $2 trillion COVID-19 relief package includes thousands of dollars in direct payments to most […]
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Small Business Pleads for a Coronavirus Lifeline: Next 45 Days ‘Gonna Be Ugly’…
The 30 million small businesses that have been a key engine of America’s recent economic growth are in dire need of a taxpayer lifeline to weather the pandemic and return to vibrancy, a key trade group warns. “The next 45 days, it’s gonna be ugly,” said Alfredo Ortiz, the CEO of the Job Creators Network […]
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Dow Posts 2,112 Point Gain Biggest Ever…
U.S. equity markets registered the strongest one-day rebound in history on Tuesday amid investor optimism that members of Congress will overcome their differences to reach a deal on a nearly $2 trillion COVID-19 stimulus package. In the final hour of trading, gains picked up steam giving the Dow Jones Industrial Average a 2,112 point gain, […]
Oil Jumps As Fed Pledges “Unlimited” Cash to Bolster the Economy…
Oil prices jumped by 4 percent early on Tuesday after the U.S. Federal Reserve launched on Monday extensive new measures to support the economy as the coronavirus pandemic spreads. But prices slid later in the morning. At 9:34 a.m. EDT on Tuesday, WTI Crude was up 3.98 percent on the day at $24.41, and Brent […]
This Is the Fear Chart That the Smart Money on Wall Street Is Watching…
The chart that tells you how all of today’s economic troubles are going to end is not the bar graph of new deaths from coronavirus in Italy versus deaths in the U.S. It’s the chart that shows the number of potential deaths among the banks and insurance companies that have gorged themselves on risky derivatives […]
Another Crappy Day for the Market: Dow Tumbles 900 Points…
Stocks attempted to rally on Friday, but failed, concluding one of the most volatile weeks on Wall Street ever as investors grapple with mounting fears over the coronavirus’ economic blow. The Dow Jones Industrial Average closed 913.21 points lower, or more than 4%, at 19,173.98 after rallying more than 400 points earlier in the day. […]
Trump to Fill Strategic Oil Reserves, Easing Price Pressures During Saudi-Russia Dispute…
President Trump has directed the Energy Department to secure 77 million barrels of American oil to fill the nation’s Strategic Petroleum Reserve, amid the ongoing global coronavirus crisis and an oil war between Russia and Saudi Arabia. The department will begin filling the reserves by soliciting up to 30 million barrels of oil and will […]
The New Saudi Plan to Send Oil Prices Lower…
Saudi Arabia continues to signal to the market that it is not backing down from the oil price war despite the crumbling oil prices amid coronavirus-hit demand and promises of huge extra supply next month. Oil giant Saudi Aramco will proceed with the reduction of its refinery rates in Saudi Arabia in April and May […]
Senate GOP Crafting New Massive Coronavirus Package ‘at Warp Speed’…
Senate Majority Leader Mitch McConnell said the Senate will work at “warp speed” to craft a massive new stimulus package to help Americans deal with the economic fallout from the coronavirus crisis, vowing that senators “will not leave” Washington until it’s done. And Senate Majority Whip John Thune (R-S.D.) said Tuesday there is a “high […]
Trump and Mnuchin Discussing $1.2 Trillion Package to Fund Stimulus Checks…
Mnuchin is discussing a $1 trillion $1.2 trillion stimulus plan according to CNN’s Manu Raju, who tweeted on Tuesday “White House, Mnuchin now discussing stimulus plan worth $1 trillion, per source familiar,” adding “Initial estimates of $850B increased after budget crunchers looked at numbers. Would include about $250B worth of checks for Americans.” – New […]
The Retail Supply Chain Has Inverted – Formerly Efficient Operations Now Least Effective – Small Markets Best Supplied…
CTH is spending time on this issue because the food distribution sector is the most important sector in all commerce. Having some familiarity with the supply chain might help people to understand the challenges; and possibly help you locate product. The Inversion – Big chain markets; those who spent millions developing their own proprietary ‘just-in-time’ […]
Yet Another Crappy Stock Market Day…
The S&P 500 closed 12% lower on Monday, while the Dow fell 13% (or 2,999 points). Driving the news: The sell-off accelerated during President Trump’s afternoon press conference as concerns about the coronavirus outbreak’s economic impact continued to grip markets. Here’s how swift and sharp the stock market’s decline has been: The S&P 500 hit […]
Dow Pops 1,985 Points…
U.S. equity markets soared in the final hour of trading as President Trump declared a national emergency over the coronavirus and enlisted the nation’s biggest companies in the fight. The Dow Jones Industrial Average surged by over 1,985 points or 9.3 percent. The S&P 500 and Nasdaq Composite also rallied over 9 percent Google, Walmart, […]
Federal Reserve Announces Unprecedented $1.5 Trillion in Loans to Wall Street Today and Tomorrow…
Making the most unprecedented announcement in the history of Wall Street, the Federal Reserve Bank of New York announced today that it will be offering $500 billion in 3-month repo loans to its primary dealers (Wall Street trading firms) today at 1:30 p.m. That $500 billion comes on top of the $198.10 billion the New […]
Global Markets Plunge in New York, Paris and London Over COVID-19 Fears…
Global stock exchanges suffered historic crashes as coronavirus panic gripped the financial world. The French CAC40 plunged 12.28% on Thursday, the biggest fall in its history. The UK’s FTSE, meanwhile, finished with a 9.81% drop, its worst day since October 1987. The Dow Jones also had its worst day since 1987, plunging more than 10%. […]
Saudi’s Ramp Up Oil Production to Record Levels…
Saudi Arabia will once more be the world’s biggest producer of crude oil under plans announced Wednesday to further increase the Kingdom’s output to a new record level. Prince Abdul Aziz bin Salman, the Saudi energy minister, told Saudi Aramco to prepare to increase its maximum sustainable capacity — the limit to the crude it […]
The Reason Why Russia Refused to Cut Oil Production…
OPEC asked Russia to cut an additional 300,000 bpd in oil production at last week’s meeting in Vienna, but according to Russia’s Deputy Energy Minister, this would’ve been ‘technically challenging.’ OPEC asked Russia to add another 300,000 bpd to its production cut quota art the Vienna meeting last week, but it would have been technically […]
Dow Closes in Bear Market Amid Volatile Session…
All three of the major averages tumbled into a bear market Wednesday, down 20 percent from their February peaks, after the World Health Organization declared the new coronavirus outbreak a pandemic and Congress wrangled over an economic stimulus plan. The Dow, which fell by as many as 1,689.84 points, was the only index to close […]
Dow Adds 1,167 Points as Trump Talks Economic Initiatives…
U.S. equity markets ebbed and flowed on Tuesday before breaking away with the Dow Jones Industrial Average adding over 1,167 points clawing back from a deficit. The Dow’s point gain was the third-best on record. The S&P 500 and Nasdaq Composite also rallied tacking on nearly 5 percent. Investors were encouraged after President Trump backed […]
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