August 5, 2020 | Daily JAM, Mid Term |
In a classic credit crunch, banks and other lenders worried that they might have eased loan standards too much during economic good times, start to tighten lending standards because they are worried that we're in or are heading into rougher times for the economy....
August 5, 2020 | Daily JAM, Short Term |
The ADP Research Institute report on private payrolls doesn't always track with the government's monthly jobs report, but the trends usually matches up. Which argues that Friday's July jobs report will show that the economy and the labor market took a step backward in...
August 3, 2020 | Daily JAM, GLD, GOLD |
Spot gold hit an all-time high today to close at $1991.40 an ounce. In July gold rose 11%, the most since 2012. And now even investors and traders who never own gold are looking at the metal and say, "Should I buy? Will it rally some more?" In my opinion it's late to...
August 3, 2020 | Daily JAM, Mid Term, Morning Briefing |
The latest news out of the coronavirus economic rescue package talks is that there has been no progress on the big issues the separate the two sides: among them restoring the $600 (or some number) enhanced weekly unemployment benefit and funding for city and state...
August 1, 2020 | Daily JAM |
Congressional leaders, plus White House negotiators chief of staff Mark Meadows and Treasury Secretary Steve Mnuchin, met today, Saturday, August 1, in an attempt to hammer out some kind of coronavirus rescue package that would support what looks like a flagging...
July 24, 2020 | Daily JAM, Short Term |
Let's see. The Senate went home for the weekend without passing an extension to the $600 a week in enhanced unemployment benefits--so that program will pay out its last checks tomorrow. China retaliated for U.S. action to close China's Houston consulate on accusations...
July 23, 2020 | Daily JAM, Morning Briefing |
Too much news today. But let me start. Today the Labor Department reported that new claims for unemployment through regular state programs rose to 1.42 million in the week ended July 18. That was a 109,000 increase from the prior week and the first increase in the...
July 16, 2020 | Daily JAM |
Glibly, I've been saying that the extra $600 a week in unemployment benefits in the coronavirus rescue package will end on July 31. That gives Congress a scant two weeks to act to renew the payments that have helped so many workers through the unemployment caused by...
June 30, 2020 | Daily JAM, Morning Briefing |
It's a measure of how dire things are in the oil sector that Royal Dutch Shell (RDS-A) has announced a write down of between $15 billion and $22 billion for the second quarter. The write down is larger than the $17.5 billion write down that BP (BP) took in June or the...
June 11, 2020 | Daily JAM, EWZ |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
June 10, 2020 | Daily JAM, SBUX |
Today, June 10, Â Starbucks (SBUX) CEO Kevin Johnson wrote in an open letter to customers and investors that the company expects to lose more than $3 billion in revenue in its fiscal third quarter, which ends on June 28, due to the coronavirus pandemic. (The company...
June 10, 2020 | Daily JAM |
What we know: The re-opening of the economies of will produce a surge in revenue for many businesses as some customers return. What we don't know: Will enough customers return with these re-openings to produce profits for these business. Airlines are a very useful...