WHITE HOUSE WATCH COMMENTARY: TIME A FLUID CONCEPT IN WORLD OF VIRUS
By Denny Gulino WASHINGTON (MaceNews) – The corona virus particle is identical around the world as is the basic physiology of the human organism it has evolved to use as a host and yet the reaction to its arrival and spread are so different and along timelines that can vary by months. Australia announced Thursday […]
DATA FLASH: US INITIAL CLAIMS KEEP PILING UP; NEW HOME SALES PLUNGE
–Initial Claims Level Fall by 810,000/4.427 Mln–Continuing Claims Still Have More Room to Rise–New Home Sales -15.4%/627,000; Social Distancing To Cut Deeper in April–Markit Data Show Factory, Services Conditions Deteriorated Further By Kevin Kastner WASHINGTON (MaceNews) – The growth rate of initial claims slowed modestly in the April 18 employment survey week but remain elevated, […]
US ENERGY SECRETARY: INDUSTRY AID TO FOCUS ON EXISTING PROGRAMS
–Oil-Producing States Cooperating To Influence Oil Price A ‘Murky Area’ WASHINGTON (MaceNews) – U.S. Energy Secretary Dan Brouillette Tuesday said the Trump administration is unlikely to unveil brand-new measures to support the country’s battered oil and gas sector, and will instead leverage existing credit programs funded by emergency legislation. In an interview on CNBC, Brouillette […]
TEXAS ENERGY REGULATOR DELAYS OIL PRODUCTION VOTE UNTIL MAY 5
—Wants Time To Assess Legal Risks, Potential Industry Impact By Brai Odion-Esene, SW4 Insight, for Mace News WASHINGTON (MaceNews) – A divided Texas Railroad Commission Tuesday postponed its vote on limiting oil production in the nation’s largest oil-producing state, with the majority preferring to conduct additional due diligence and avoid potential legal minefields. “We need […]
DATA FLASH: US EXISTING HOME SALES PLUNGE IN MARCH, FIRST OF MANY DIPS
–NAR’s Yun Sees Continued Disruptions, Lower Inventories, Higher Prices By Kevin Kastner WASHINGTON (MaceNews) – U.S. home resales slowed dramatically in March, falling by 8.5% to a 5.27 million annual rate after a February gain, the slowest pace since April 2019 and below the 5.40 million rate expected. The current month’s data still reflect some […]
WHITE HOUSE WATCH: IS OIL SPECIAL OR LOTS OF BOTTOMLESS HOLES?
By Denny Gulino WASHINGTON (MaceNews) – It’s the night of the living dead in Houston, where the unthinkable happened, oil became worthless. In fact, oil became even worse than worthless. It was a day so bad that you had to pay people to take it. If you were a trader who never took delivery, only […]
BOE’S BROADBENT DOWNPLAYS PROSPECTS OF UK RECOVERY IN H2
— Sees OBR forecast of 35% decline in output in Q2 as “not unreasonable”— Decision on expanded QE expected early next month By Laurie Laird LONDON (MaceNews) – A Bank of England deputy governor Monday endorsed a grim forecast of a massive economic contraction in the second quarter, but warned that a rapid recovery may […]
WHITE HOUSE WATCH: ‘DECLINING TRAJECTORY’ DOES NOT NECESSARILY MEAN DECLINING
By Denny Gulino WASHINGTON (MaceNews) – The first rule of virus reporting is to focus on what the virus is doing, despite the many distractions from the White House and statehouses, from anti-mitigation demonstrations to progress reports on testing and the chronic complaints of short supplies. On a beautiful Sunday in many parts of the […]
WHITE HOUSE WATCH COMMENTARY: HOPES VS REALITY? OR HOPES BECOME REALITY?
By Denny Gulino WASHINGTON (MaceNews) – The virus is still moving, killing more than 2,000 people in the United States for the fourth day in a row Friday and only for the fifth time ever. The death toll is leveling, on a deadly plateau. Except in those states like Illinois, where the daily death toll […]
IHME: VIRUS DEATHS MAY HAVE PEAKED TWO DAYS AGO; SOME OPENINGS POSSIBLE MAY 4
–Vermont, West Virginia, Montana, and Hawaii May See Early Reopening –Iowa, N/South Dakota, Nebraska, Utah, Arkansas, Oklahoma May Need to Wait Until Late June/Early July. WASHINGTON (MaceNews) – The following is the text of a summary of state-by-state analysis of Covid-19 spread and infection rates published Friday afternoon byone of the leading analysis projects, that […]