The $2 trillion economic recovery package is now law, as the number of COVID-19 cases in America approaches 100,000 and deaths near 1,500. A Johns Hopkins scientist weighs in on the idea of relaxing social distancing in select locations and the importance of more testing for coronavirus. And we explain when Americans could expect to receive federal stimulus money.
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Motley Fool Money - Record Stimulus, Record Unemployment, Volatile Market
Congress passes a $2 trillion-dollar stimulus. A record 3.3 million Americans file for unemployment. The Federal Reserve cranks up lending. And the stock market has its best 3-day gain since 1931. Motley Fool analysts Andy Cross, Jason Moser, and Ron Gross discuss what it all means for investors and discuss the future of the insurance, retail, and cruise industries. Our analysts weigh in on how Starbucks CEO Kevin Johnson and Nike CEO John Donahoe are navigating the coronavirus crisis. And we make the case for why Warren Buffett should consider buying Chubb, Costco, PayPal, Progessive, Moody’s, Southwest Airlines, or Starbucks. Plus, Jason and Ron share a couple of stocks on their radar: Disney and Sony.
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Cato Daily Podcast - Evaluating Federal Reserve Moves amid Coronavirus Outbreak
The Fed apparently understands the nature of this recession far better than many members of Congress, but Cato’s George Selgin argues that the central bank runs the risk of blurring the lines between monetary and fiscal policy.
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CoinDesk Podcast Network - BREAKDOWN: From Corporate Socialism to Dying for the Dow: 7 Themes That Defined the Week
In this episode of The Breakdown, @NLW reflects on the themes that defined an absolutely wild week in global markets and society.
Those themes include:
- Unlimited QE - broad new powers (corporate bond buying anyone?) and an unlimited checkbook for the Fed
- Digital Dollars - a surprise inclusion of a digital dollar in an early Stimulus draft shifts the Overton window
- Narrative Shift to “Grandma Dies For The Dow” - narrative analysis that suggests that the “just the flu” of two weeks has become “business closures will kill more than COVID”
- Stimulus as Corporate Socialism - a huge bailout for businesses explained away by something that Taleb says is decidedly NOT a Black Swan
- The Last Break of Institutional Trust - jobless claims were 4x higher than the previous record on the same day the stock market went bull again - trust in leadership is dead
- Surveillance - a growing concern with surveillance - such as the new CDC program earmarked in the Stimulus package
- Bitcoin difficulty adjustment - as Preston Pysh put it “this thing is so resilient it’s almost laughable”
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The Goods from the Woods - “The Corona Diaries #9”
Three L.A. comedians are quarantined in a podcast studio during a global pandemic. There is literally nothing to be done EXCEPT make content. These are "The Corona Diaries" and this is Episode #9.
Stuff They Don't Want You To Know - Why is the Navy worried about releasing the secret UFO Files?
After years of rumors, recent releases have confirmed the US government knew much more about UFOs than they'd originally let on. And, despite the recent waves of revelations and classifications, Uncle Sam is still refusing to release everything. When pressed on the issue, the government stated that disclosing certain files would pose "an extraordinarily grave threat to national security" -- so what exactly is on these files? Tune in to learn more.
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array(3) { [0]=> string(150) "https://www.omnycontent.com/d/programs/e73c998e-6e60-432f-8610-ae210140c5b1/2e824128-fbd5-4c9e-9a57-ae2f0056b0c4/image.jpg?t=1749831085&size=Large" [1]=> string(10) "image/jpeg" [2]=> int(0) }The Intelligence from The Economist - Life sentences? Prisons and covid-19
Outbreaks among inmates are all but inevitable. Efforts at prison reform that were already under way will get a boost, because now they will save lives. We examine the international variation in what are considered “essential industries” and “key workers”. And, what our editors and correspondents are doing to pass the time in lockdown. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/radiooffer
The Best One Yet - 👉 “3.3M Americans laid off in 1 week” — Lime’de-horned. Target’s neglected profit puppies. The economic pain begins.
Fresh after the latest two-trillion-dollar stimulus package, we got news of the red wedding week for American workers — 3.3M filed for unemployment last week. E-scooter legend Lime already pulled out of 99% of the cities it scoots around in, but a new fundraise could drop its valuation by 80%. And you’d think Target is living its best life right now, but a surprise report reveals that its profit puppies are getting no love.
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What Next | Daily News and Analysis - TBD | Where Are All the Tests?
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The United States failed to roll out widespread testing in the early days of the pandemic. Now it faces critical shortages of supplies as it scrambles to track the disease around the country.
Until testing is available at scale, Americans won’t be able to return to their normal lives. So: what will it take to solve the country’s testing shortage?
Guest: Robert P. Baird, contributor to the New Yorker
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The NewsWorthy - Coronavirus By The Numbers, Space Force First & Meghan Markle’s New Job – Friday, March 27th, 2020
The news to know for Friday, March 27th, 2020!
We’re breaking down the latest numbers to help highlight the impact of the new coronavirus: from how the U.S. is leading in a way we don’t want to which area is now considered the newest “hot spot.”
Plus, a few other things going on, including a first for the new Space Force, a new job for the Duchess of Sussex, and a heartwarming change of heart.
Those stories and more in less than 10 minutes!
Award-winning broadcast journalist and former TV news reporter Erica Mandy breaks it all down for you.
Head to www.theNewsWorthy.com or see sources below to read more about any of the stories mentioned today.
*This episode is brought to you by www.NativeDeodorant.com and www.MagicSpoon.com/newsworthy
*Check out The Jordan Harbinger Show and the episode he mentioned about fear here.
*Become a NewsWorthy INSIDER! Learn more at www.TheNewsWorthy.com/insider
Sources:
U.S. Has Most Diagnosed Cases in the World: Johns Hopkins
New York Impacts: Bloomberg, NY Times
Navy Ships En Route: DOD News
Hospital Supplies Donated: NY Times, LA Times
NOLA Cases Growing: USA Today, Fox News
Texas Orders Quarantine on Tri-State, NOLA Travelers: Press Release
New Social Distancing Guidelines: NBC News, CNN
Record Number of Unemployment Claims: ABC News, Fox News
Stock Enters Bull Market: NYT, CNBC
House to Vote on Stimulus Package: Bloomberg, WSJ
Actor Mark Blum Dies: Fox News, Deadline
Globetrotter “Curly” Neal Dies: USA Today, The Week
Severe Weather & Record ‘Heat: CNN, USA Today, ABC News
Space Force Rocket Launch: TechCrunch, Engadget, Cnet, Space.com
Internet Slowing in the U.S. and Europe: NYT, Vox
Slack Sees Surge in Users: The Verge, Mashable
Houseparty Surge: VentureBeat, Digital Trends
Twitch Streaming Benefit: The Verge, Variety
Elton John Charity Benefit: Deadline, Fox News
Megan Markle to Narrate Disney Feature: Variety, Mashable
Feel Good Friday – From Hate Comes Friendship: NBC News, CNN