WHITE HOUSE WATCH COMMENTARY: LET’S NOT ABANDON VIRUS HAPPY TALK TOO SOON
By Denny Gulino WASHINGTON (MaceNews) – The economy’s is going to be back soon, bigger and better than ever, testing is in great shape and we’re going to have stadiums packed shoulder to shoulder and one more thing, sometimes fantasy isn’t all bad. Watching the crowds at the Michigan statehouse protesting and in Boston and […]
WHITE HOUSE WATCH: ABOUT A THIRD OF AMERICANS SAY VIRUS NOT MUCH OF A WORRY
By Denny Gulino WASHINGTON (MaceNews) – A divided nation consumes the news in a divided way so for Republicans, a revered president answered questions completely and in detail Sunday night at the Fox News virtual Town Hall titled “America Together: Returning to Work.” For Democrats who expressed themselves on social media, the reaction was, as […]
WHITE HOUSE WATCH COMMENTARY: ‘PLENTY OF PROTEIN IN THE (HOBBLED) FOOD CHAIN’
By Denny Gulino WASHINGTON (MaceNews) – Kroger, with 2,700 stores, says some of them will have purchase limits on ground beef and pork, just as many other grocery chains have been imposing for weeks. It’s the end of the week and maybe you’ve run out of things to worry about. We can help. There is […]
HISTORIC 20-MILLION DECLINE IN US APRIL PAYROLLS EXPECTED
By Kevin Kastner WASHINGTON (MaceNews) – Many of the March and April U.S. data releases to this point have been worse than even the most pessimistic expectations. With that rosy thought in mind, markets and analysts will prepare for an extremely disappointing April employment report next Friday. The March employment report’s survey week fell before […]
DATA FLASH: US APRIL MANUFACTURING ISM CONTRACTS SHARPLY
–Regional Data, Markit Survey Also Soft as Full COVID Impact Hit–March Construction Spending Up on Home Remodeling By Kevin Kastner WASHINGTON (MaceNews) – The April ISM index Friday showed U.S. manufacturing sector activity contracted sharply, confirming the disappointing regional and Markit data that preceded it. Conditions are unlikely to improve until businesses are given the […]
FORMER SR. DEPUTY GOVERNOR MACKLEM NAMED BANK OF CANADA GOVERNOR
NEW YORK (MaceNews) – Former Bank of Canada Senior Deputy Governor Tiff Macklem has been named governor of the Bank of Canada, the BOC said Friday. Macklem will succeed Governor Stephen Poloz on June 3. Macklem has been dean of the Rotman School of Management at the University of Toronto since July 2014. Prior to […]
WHITE HOUSE WATCH COMMENTARY: ‘OPERATION WARP SPEED’ AND THE CONTACT TRACERS
By Denny Gulino WASHINGTON (MaceNews) – Like everything having to do with Covid-19, the U.S. will likely be way late in having enough contact tracers in place, ready to pounce on every new case of infection to isolate those who spent some time close to anyone tested positive. Listening Thursday to New York Gov. Andrew […]
ECB SEES POSSIBLE 15% SLUMP IN Q2; LEAVES RATES ON HOLD
By Laurie Laird LONDON (MaceNews) – The European Central Bank expanded its emergency liquidity program following Thursday’s governing council meeting, but declined to reduce interest rates, despite the eurozone suffering its biggest-ever downturn in the first quarter. “We are facing an economic contraction of a magnitude and speed … unprecedented in peacetime,” said ECB President […]
DATA FLASH: US INITIAL CLAIMS STILL ELEVATED AS BACKLOGS CONTINUE
–Initial Claims Fall By 603,000 to 3.839 Mln; Continuing Claims Not Peaked–Personal Income Down 2.0%; PCE Plunges 7.5%; Core PCE Prices -0.1%–Employ Costs Accelerated in 1Q; Chicago PMI 35.4 By Kevin Kastner WASHINGTON (MaceNews) – Initial claims fell by 603,000 to 3.839 million in the April 25 week, ahead of the 3.50 million level expected, […]
IEA PREDICTS ‘SIGNIFICANTLY DIFFERENT’ ENERGY SECTOR POST-COVID 19 CRISIS
WASHINGTON (MaceNews) – The demand destruction sparked by efforts to contain the global coronavirus pandemic will have a lasting impact on the energy sector, the International Energy Agency predicted Thursday, warning that financial struggles could become a permanent feature of the industry’s landscape. “This unprecedented situation and the stimulus packages that governments are putting in […]