WHITE HOUSE WATCH COMMENTARY: ANOTHER ‘DECISION’ DRAMA WITH LIVES IN THE BALANCE
–‘I only hope to God that it’s the right decision.’ By Denny Gulino WASHINGTON (MaceNews) – Many governors and their medical advisers are pondering President Trump’s assertion Friday that “the biggest decision I’ve ever had to make” is something they will want to go along with at the end of the month. Some expressed concerns […]
Faced With ‘Horrifying’ Oil Market Conditions, OPEC-Plus Agrees To Record Supply Reduction
VIENNA/WASHINGTON (MaceNews) – The OPEC-plus group of major oil producing countries – the oil cartel’s members as well as Russia and Mexico – hammered out a tentative deal Thursday, in a marathon negotiating session, to slash their oil output levels collectively by 10 million barrels per day. Saudi Arabia and Russia, the primary combatants in […]
FED’S POWELL WARNS AGAINST ‘FALSE STARTS’ RE REOPENING
–Up to $2.3 Trillion in Virus-Related Emergency Support -Powell: Not Worrying About Inflation By Denny Gulino WASHINGTON (MaceNews)- Federal Reserve Chair Jay Powell Thursday explained more about how the central bank is remaking itself to keep intact the structure of an enfeebled economy and he joined the chorus of voices warning against returning to work […]
FED LAUNCHES NEW PACKAGE OF $2.3 TRILLION IN CREDITS
By Steven K. Beckner (MaceNews) – The Federal Reserve’s aggressive credit easing measures since early March have steadied financial markets, though not the economy, but not content to rest on its laurels, the Fed continues to innovate and explore the full extent of its emergency lending powers. The Fed, in conjunction with the U.S. Treasury, […]
DATA FLASH: US INITIAL CLAIMS REMAIN HIGH DUE TO BACKLOGS; MARCH PPI -0.2%
-Initial Claims Level Fall By 261,000 to 6.606 Mln, Continuing Claims Spike -March PPI Data Show Decline in Wholesale Inflation on Energy Prices By Kevin Kastner WASHINGTON (MaceNews) – The level of initial jobless claims fell modestly in the April 4 week, but the current week’s total lifted the number of new claims filed over […]
TEXT: FED DETAILS MAIN ST., OTHER LENDING FACILITIES
WASHINGTON (MaceNews) – The following is the Federal Reserve announcement of details of its new Main Street lending facilities and other programs, released Thursday morning: The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes […]
WHITE HOUSE WATCH COMMENTARY: VIRUS MYTHS, HOPES, REALITIES HARD TO DISTINGUISH
By Denny Gulino WASHINGTON (MaceNews) – The tiny nation-state of Singapore had done a great job against the virus as has Taiwan and still they are examples to the world that any “win” is more coexistence with an enemy that never really leaves. What does “winning” against a corona virus mean? In the case of […]
WHITE HOUSE WATCH COMMENTARY: THE ECONOMY STRAINS AS THE VIRUS KILLS
By Denny Gulino WASHINGTON (MaceNews) – It’s almost too painful to concentrate on the numbers in this week that is so full of death in the United States. Better to look to a better future and an economy that might begin staggering back at some point. The day saw more than an additional 1,800 dead, […]
DATA FLASH: US FEBRUARY JOLTS DATA POINT TO SLOWDOWN BEFORE MARCH DROP
-Openings, Hiring Slow Even Before COVID; Layoffs to Surge in March By Kevin Kastner WASHINGTON (MaceNews) – The US Bureau of Labor Statistics’ monthly JOLTS report, released Tuesday morning, showed that job openings and hiring conditions slowed in February and layoffs rose, even before the full COVID impact. Job openings fell to 6.882 million in […]
WHITE HOUSE WATCH COMMENTARY: PRESIDENTIAL ENEMIES: MEDIA AND GOVS WHO COMPLAIN
By Denny Gulino WASHINGTON (MaceNews) – By the 10th mention the musical cadence of “hydroxychloroquine” had mostly grown old and President Trump was not going to subject his long-suffering audience of reporters to even one more mention, so Sunday night he spared them by cutting off the esteemed NIH specialist Tony Fauci before he could […]