Treasury Secretary Steven Mnuchin said in a Sunday morning interview that qualifying Americans can expect to see their $1,200 checks deposited into their accounts “within three weeks.” Mnuchin, who played a lead role in the $2 trillion bill’s passage, told CBS’ “Face the Nation,” that there will be an online system created so Americans who […]
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Restaurants Flip Supply Chain Business Model, Selling Retail…
A month ago CTH pointed out the short-sighted approach when federal, state and local government dictates began enforcing restaurant closings. By shutting down 50% of the total food supply output, the retail food supply chain was simply overwhelmed. Since then some state governors recognized the issue their decisions made within the total U.S. food supply […]
Goldman, Morgan Stanley Receive Approvals for Majority Stakes in China Ventures…
Goldman Sachs and Morgan Stanley said on March 27 they had received the final regulatory approvals to take majority stakes in their China securities joint ventures. The approvals come as policymakers and authorities step up efforts to shield the world’s second-largest economy, battered by the CCP virus pandemic. The Epoch Times refers to the novel […]
Coronavirus Job Losses Could Reach 47 Million As Macy’s Furloughs Most of Its 130k Employees Without Pay…
Coronavirus job losses in the United States could hit 47 million, with unemployment at more than 30 per cent, according to stark new estimates by a Federal Reserve. The shocking prediction by the Fed’s St. Louis district project came as Macy’s announced it will furlough a majority of its 130,000 workers. The retail giant on […]
Here Is a Breakdown of the $12 Trillion in Global Stimulus Passed This Month…
A favorite phrase of Bank of America’s chief investment strategist, and certainly an accurate one, is that “Markets stop panicking when policy makers start panicking.” Seen in this light, the only question is whether policymakers have panicked enough in response to the current coronavirus crisis which has ground the global $86 billion economy to a […]
The Oil Glut Is About to Get Even Worse…
With only a week to go before OPEC+ countries start flooding the world’s total oil production with an estimated extra 2.5 million barrels per day (bpd) amid the Covid-19 crisis, building one of the biggest oil supply gluts the world has ever seen, UK operator INEOS has decided to postpone its scheduled maintenance for the […]
Stimulus Bill Allows Federal Reserve to Conduct Meetings in Secret; Gives Fed $454 Billion Slush Fund for Wall Street Bailouts…
The U.S. Senate voted 96-0 late yesterday on a massive bailout of Wall Street banks versus a short-term survival plan for American workers thrown out of their jobs – and potentially their homes. The text of the final bill was breathtaking in the breadth of new powers it bestowed on the Federal Reserve, including the […]
List of Companies Hiring Right Now…
As the novel coronavirus continues to spread, major companies are looking to ramp up their workforces to meet the demand for critical products such as food, household essentials and medical supplies. Some of the nation’s largest retailers are even scrapping traditional hiring methods in order to fill open positions as the virus takes a foothold […]
Tom Donohue and U.S. CoC Beg White House: Please Don’t Stop Buying From China, We’ll Lose Our Manufacturing Investments…
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 […]
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’ […]
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