CHICAGO FED’S EVANS: ‘REASONABLE’ TO EXPECT RECOVERY BY 2H 2020, BUT LOOKING ‘QUARTER BY QUARTER’
By Suzanne Cosgrove CHICAGO (MaceNews) – After a sharp contraction in the first half, it is “reasonable” to expect the US economy to pick up in the second half of 2020, Chicago Federal Reserve Bank President Charles Evans said Tuesday. In a media conference call, Evans cautioned that he would have to evaluate economic conditions […]
TEXAS OIL REGULATOR VOTES AGAINST CAPPING STATE’S OIL PRODUCTION LEVELS
–Waives Fees, Relaxes Regulations To Support Companies And Boost Storage Capacity By Brai Odion-Esene, SW4 Insight, for Mace News WASHINGTON (MaceNews) – Texas’ oil regulator Tuesday decided against imposing limits on production by the state’s energy industry, but approved financial and regulatory relief to struggling oil companies. The measures passed by the Texas Railroad Commission focused […]
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 […]
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 […]
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 […]
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 […]
IEA: DOUR ENERGY DEMAND OUTLOOK, REBOUND HINGES ON LOCKDOWN LENGTH
WASHINGTON (MaceNews) – Global energy demand will drop by 6% in 2020 – far outstripping the decline witnessed after the 2008 global financial crisis, and a rebound will be heavily-dependent on how long measures to contain the coronavirus pandemic remain in place, the International Energy Agency said Thursday. The group’s 2020 Global Energy Review said […]