Data Flash: US March Confidence Falls; Social Distance Rules, Coverage Rage On
-Conference Board’s Measure Echoes Michigan Sentiment By Kevin Kastner WASHINGTON (MaceNews) – The Conference Board’s U.S. consumer confidence index fell in March to a reading of 120.0 from 132.6 in February, another indication that COVID-19 had severely impacted the psyche of consumers in just a few weeks, the Conference Board reported Tuesday. The report, based […]
WHITE HOUSE WATCH: LONG SPRING JOURNEY UNDER WAY; VIRUS STAYS IN THE LEAD
–All of the States Have ‘Exactly the Same Curves’ –US Virus Cases 161,454; Fatalities 2,989 By Denny Gulino WASHINGTON (MaceNews) – Test results are coming in faster and in greater numbers Monday from areas like New York where the ravaging corona virus is already killing people and at the front lines elsewhere the governors, the […]
WHITE HOUSE WATCH COMMENTARY: IN SOME SENSE, IT’S ONLY DAY 3
–As Expected, Easter Reopen Forgotten; Stay-at-Home Guide To Apr 30 –Confirmation That Worst-Case Virus Scenario Sees 2.2 Million US Fatalities –US Virus Cases 142,004; Fatalities 2,484 By Denny Gulino WASHINGTON (MaceNews) – The worsening of the virus spread and intensity is a treacherous path that is finally heading toward an intersection with a more promising […]
WHITE HOUSE WATCH: TRAGIC VIRUS DISCONNECTS MAY BEGIN TO YIELD TO PHASE 3
By Denny Gulino WASHINGTON (MaceNews) – The sharply different accounts, stories of critical shortages from hospitals and medical personnel versus sweeping assurances from the White House, were in especially sharp contrast Friday while both sides looked to the new rules and mountains of money that finally became available with the day’s signing of Phase 3 […]
BANK OF CANADA CUTS RATES ANOTHER 50 BPS
By Gloria Galloway OTTAWA (MaceNews) – The Bank of Canada has dropped its target overnight rate for the third time in less than a month as it tries to mitigate the financial and economic damage of the COVID-19 pandemic. Stephen Poloz, the bank’s governor, announced Friday morning that the rate would fall 50 basis points […]
Data Flash: February Real PCE Up 0.1%, But March Plunge to Come
–US February Personal Income Up 0.6%, Nominal PCE Up 0.2%, Core Prices +0.2% –U.S. March Michigan Sentiment Index Revised Down to 89.1 By Kevin Kastner WASHINGTON (MaceNews) – Real Personal Consumption Expenditures rose by 0.1% in February, a second straight gain and a positive for first quarter consumption and GDP, the Commerce Department reported Friday. […]
WHITE HOUSE WATCH: GRUESOME VIRUS DEVELOPMENTS HARDLY NEWS ANY MORE
By Denny Gulino WASHINGTON (MaceNews) – Virus infection cases kept multiplying Thursday, death tolls kept going up, more governors and mayors ignored President Trump’s dream of packed churches on Easter and the U.S. kept mostly ignoring the kind of contact tracing that slowed the virus to a crawl elsewhere. By one count the U.S number […]
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 […]