DATA FLASH: US INITIAL CLAIMS SOAR AS MILLIONS LAID OFF; MORE TO COME
–Initial Claims Jump by 3.001 Mln To Record 3.283 Mln By Kevin Kastner WASHINGTON (MaceNews) – With millions laid off in the March 21 due to business shutdowns, initial jobless claims surged to a record high level in Thursday’s data, and are likely to go further as displaced workers sign up for benefits and any […]
WHITE HOUSE WATCH: VIRUS ‘APEX’ WEEKS AWAY AS DEFENSES MOUNT
–Senate 90-0 Hands Phase 3 Over to the House for Final Passage –President Trump: ‘I’m Not Going to Do Anything Rash’ By Denny Gulino WASHINGTON (MaceNews) – A thousand distractions filled the news Wednesday, particularly promises contained in the pending congressional effort to replace trillions of dollars of income, pay for medical gear and rescue […]
BANK OF CANADA EMERGENCY MEASURES STATE OF PLAY
By Gloria Galloway OTTAWA (MaceNews) – The Bank of Canada has joined other banks around the word in making credit more available and affordable to consumers and financial institutions as the Covid-19 pandemic causes unprecedented upheaval to the global economy. The financial situation in Canada and elsewhere continues to be stressed as a result of […]
DATA FLASH: US FEB DURABLE GOODS ORDERS +1.2%
–FHFA Home Price Index +0.3% By Kevin Kastner WASHINGTON (MaceNews) – US durable goods new orders rose solidly in February, but the headline number was almost entirely driven by a transportation surge, the Commerce Department reported Wednesday. Orders rose by 1.2% (-0.6% expected) in February but were down 0.6% (-0.3% expected) when a 4.6% jump […]
WHITE HOUSE WATCH: VIRUS STILL UNCHALLENGED, DOMINATING THE NARRATIVE
–President Trump Would Like ‘Beautiful’ Packed Churches on Easter -DJIA Up a Record 2112.98 Pts/11.4%; S&P Up 209.93/+9.3% -US Virus Death Tolls Goes Up By 129 in Latest 24 Hours By Denny Gulino WASHINGTON (MaceNews) – The corona virus, heedless of the new battle of narratives, is steadily spreading mostly unseen Tuesday in and beyond […]
WHITE HOUSE WATCH: MILLIONS FACE MONDAY WITHOUT JOBS, RELATIVES, FRIENDS
–Congress Hits a Speed Bump on the Way to Spending Nearly $2 Trillion By Denny Gulino WASHINGTON (MaceNews) – As U.S. cases of the corona virus now double every two and a half days, more than 84 million Americans are spending a bleak Sunday night facing a week ahead – and maybe months beyond either […]
WHITE HOUSE WATCH: VIRUS STILL OUTRACING US EFFORTS TO MEASURE, CONTAIN, COMPENSATE
–Tax Filing Deadline Moved to July 15; Mexico Border Sealed By Denny Gulino WASHINGTON (MaceNews} – The furious governmental efforts at all levels to cope with the increasing spread of the corona virus as a disease and as a crippler of the economy Friday did not seem to be keeping up with the steepening curve […]
WHITE HOUSE WATCH: MARKET FEAR PEAKS TOO EARLY? INFECTION RATE HIGHER
–Trump: ‘Convalescent Plasma’, Investigational Drugs Show Promise –FDA Says Investigational Therapies Months Away –US Oil Price Surges 23%; DJIA Closes +188 Pts; US 10-Yr 1.158%; VIX 72.00 By Denny Gulino WASHINGTON (MaceNews) – U.S. stocks indices started flapping in what seemed to be a changing wind Thursday, improving even in the face of rapidly worsening […]
WHITE HOUSE WATCH: ‘WAR-TIME’ PRESIDENT TAKES CONTROL OF FACTORIES
–Congress the Focus As Virus Aid Measure Proposals Balloon –‘Depression’ New Watchword As Deterioration Deepens -HUD, Fannie/Freddie Suspend Foreclosures/Evictions for 60 Days By Denny Gulino WASHINGTON (MaceNews) – What seemed premature and too extreme one day turns into corona virus response moves that appear to be too late the next day, and Congress grappled Wednesday […]
CANADA PLANS $82 BLN IN PANDEMIC RELIEF PACKAGE
By Gloria Gallloway OTTAWA (MaceNews) – Canada is promising $82 billion in financial relief to soften the blow of the pandemic crisis that is causing massive upheaval and uncertainty in this country and around the world. Prime Minister Justin Trudeau announced Wednesday that his government would provide up to $27 billion in direct support for […]