As more states tell people to stay home and practice social distancing? More people will stop working... The American economy is gonna take much longer then the time the virus should level off... Donald Trump has little control over all of this and his job IS … [Read more...] about Unemployment rate moves up to 4.4%…It will keep climbing…
economy
Jobless claims double in 2 weeks to a record 6.6 million….
And this n ump er will keep climbing as more states go to stay home orders..... An unprecedented 6.6 million people filed unemployment claims in the last week of March, meaning 10 million people have now filed for jobless claims since the coronavirus pandemic ripped through … [Read more...] about Jobless claims double in 2 weeks to a record 6.6 million….
Dow drops 800 points first day of April 2020….
There is little good news out there.... Stocks sank on Wednesday as Wall Street kicked off the second quarter on a sour note thanks to persistent concerns over the spread of the novel coronavirus. The Dow Jones Industrial Average traded more than 800 points lower, or 4%. … [Read more...] about Dow drops 800 points first day of April 2020….
Trump admin about to water down Obama era vehicle millage standards…
Thus continuing Donald Trump's efforts to erase anything with Barack Obama's name on it....And doing this while the nation's attention is on the virus crisis... California and other states are trying to oppose this as are car makers.... Less miles per gallon of gas is … [Read more...] about Trump admin about to water down Obama era vehicle millage standards…
Phase 4 Virus/Economic Stimulus bill in the works….
House Speaker Pelosi is at work on infrastructure based legislation... And Trump is in support of the effort even as some of his Republican US Senator's are hesitant .... Both seem to be looking for a post virus economy boost.... House Democrats are moving … [Read more...] about Phase 4 Virus/Economic Stimulus bill in the works….
Surprise!…Stock Market closes with a 700 point gain after Trump extends CDC guidelines….
One could have thought investors would be worried about increased jobless numbers... But I guess with the money tap open for business with the Phase III stimulus law and Congress already talking about M ORE taxpayer money getting thrown at businesses, banks and financial … [Read more...] about Surprise!…Stock Market closes with a 700 point gain after Trump extends CDC guidelines….
Trump leads doubts about ‘experts’ predictions on the virus and its duration…
The scientists, who operate mostly in their own world's of expertise have come under criticism and suspicion from the American President and others as American's long for a return to normally from something they can't see or touch that could hurt them with no cure.... The … [Read more...] about Trump leads doubts about ‘experts’ predictions on the virus and its duration…
US House passes Phase III virus stimulus bill….
The $2.2 trillion stimulus/bailout KEEPING AMERICAN WORKERS PAID AND EMPLOYED ACT should be signed by Trump within a few hours .... The bill is the largest relief measure in American history.... A Phase 4 bill will be probably coming also.... Congress is attempting to … [Read more...] about US House passes Phase III virus stimulus bill….