Just a reminder: weekly report on new claims for unemployment tomorrow
The projections from economists are that the total initial claims for unemployment will fall to 4.5 million for the week ended on April 18. That would still be a horrendous number. The total weekly figure at the beginning of this spike was 280,000. Last week, 5.25...
Congress moves close to $470 billon deal with $310 billion for small business
The Senate could vote as early as 4 p.m. today to approve $470 billion coronavirus rescue bill that includes $310 billion to replenish the small business forgivable loan program. The House would take up the deal on Thursday but need unanimous consent to move the bill...
The good (New York) and the bad (Florida) news in coronavirus cases today, Sunday April 19
New York appeared to be “on the other side” of the coronavirus outbreak, New York Governor Andrew Cuomo said at Sunday's press briefing. “If this trend holds, we are past the high point,” Cuomo told reporters at a briefing on Long Island. “Whether or not the descent...
Trick or Trend: If states botch the coronavirus “re-opening,” how long before we see a spike in cases?
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. On Friday,...
TSM beats for quarter, cuts guidance for year, sticks to capital spending plan
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Job losses top 22 million as week sees another 5.2 million initial claims for unemployment
5.245 million more people filed initial claims for unemployment in the week ended April 11, the Labor Department reported this morning. That was down from the prior week's 6.615 million (revised upwards from an initial report of 6.606 million.) But it still brings...
Retail sales fall below already low forecasts
Retail sales fell 8.7% in March, the worst drop ever, the Commerce Department reported today. Economists had expected a drop of 8%. Revisions to February's report showed a 0.4% drop for that month.. U.S. stocks sank at the open Wednesday, dragged down by dismal...
Here’s one plan from the Federal government for a coronavirus re-opening
The Washington Post has published an early draft from FEMA (Federal Emergency Management Agency) and the CDC (Centers for Disease Control and Prevention) of a Federal government plan to re-open the U.S. economy. It's not the final draft, and the version the Post saw...
What do you do when the market is insane and you’re not?
In the short run rationality is not an especially adaptive trait for an investor. Remember that. Take today's market for example. JPMorgan Chase (JPM) and Wells Fargo (WFC) delivered very sobering news on how the coronavirus and the coronavirus shutdown of big hunks...
India clamps down hard
India has just extended its coronavirus lockdown through May 3. The lockdown prohibits citizens from leaving their homes for any reason but to buy food or medicine or in an emergency. It has left the country's huge population of migrant workers trapped without their...
Special Report Part 2: Calls to “re-open the economy” increase–what’s my investing strategy for that?
President Donald Trump has made it clear that his preference is to re-open the economy by May 1. Administration officials including economic advisors Larry Kudlow and Peter Navarro, and Attorney General William Barr have taken to repeating the mantra "The cure can't...Jim’s Stock Alerts
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