OVER 3 MILLION AMERICANS ARE UNEMPLOYED BECAUSE OF THE CORONAVIRUS PANDEMIC!!!!!!!!!

image: nytimes.com

By: Economic & Finance Report

Over 3.3 million Americans have claimed unemployment benefits because of the coronavirus, the U.S. Labor Dept has indicated this past week. The virus has taken a toll on businesses, income wages and society’s everyday way of living.

These numbers reflect a growing number of Americans who are currently unemployed and are seeking financial relief; because of what the COVID-19 virus has done to their working wages. Many people have insisted that the impact has burdened them into massive financial debt.

It also has to be noted, that the United States has now surpassed all other countries with the most infected individuals who have tested positive for COVID-19. Over 85,000 people in the USA have the coronavirus, as presented by data by John Hopkins University on March 26, 2020 (US infections 85,840). SB

Sources: US Labor Dept; John Hopkins University Covid-19 Data

#THECASTPOD EP. #12 LOL FEAT. @COMEDIANJLAND @YOUTUBE

The Cast Podcast Ep. #12 LOL feat. Jonathan Land Youtube Ed.

12 March 2020

1) The WHO (World Heath Organization) has declared the coronavirus to be a pandemic, which in turn has cause the markets to make another plunge after its apparent recovery on Tuesday. The number of coronavirus cases world wide is now in excess of 100,000 with more than 1,000 in the U.S. The central banks in other western nations are cutting their interest rates in an attempt to minimize the effects of the virus and avoid a world wide economic slowdown. At present, there doesn’t seem to be an end to the markets volatility.

2) The United Kingdom is levying an additional 2% tax on big high tech companies starting the first of April. Call the ‘digital services tax’, it will levy a tax on the revenues from search engines, social media services and online marketplaces used by British citizens, but it only applies to companies making more than $650 million dollars and derive more than $35 million dollars revenue from UK users. This will encompass companies like Amazon, Apple, facebook and Google. The EU (European Union) is considering a similar tax, but with a 3% rate.

3) Oil production in the U.S. is expected to drop as a result of the dramatic collapse in oil prices. This would be the first decline in output since 2016 as drillers are cutting back on capital spending. Oil prices are below $35 a barrel, well below the breakeven price for most American shale fields. Oil prices have been pushed down by the economic impact of the coronavirus plus Saudi Arabia and Russian failing to agree on limited oil production.

4) Stock market closings for – 11 MAR 20 Stocks down 20% from their high.

Dow 23,553.22 down 1464.94
Nasdaq 7,952.05 down 392.20
S&P 500 2,741.38 down 140.85

10 Year Yield: up at 0.82%

Oil: down at $33.12

11 March 2020

1) Fully 70% of the American economy is consumer spending. Even through wages and incomes have been stagnant for many households, the consumer has continued to spend. It is not new investment by corporations, tax cuts or big new federal spending programs that stimulate the economy, but rather it’s consumer spending. However, fears of the coronavirus is dampening that spending by curtailing business trips, personal travel, sports and other outings. With the interest rate near zero, the major tool used to combat a recession is now impotent.

2) The collapse of the long standing deal between Saudi Arabia and Russia, to limit oil production, fell through this weekend sending oil prices crashing from oil supplies surplus. The coronavirus has caused China to limit economic activity and therefore reduced China’s oil consumption leading to further oil surpluses. China’s purchase of oil is down 20%. The low oil prices has made the world economy very unstable and therefore volatile. For America, independent oil companies have gone deeply into debt to pay for the shale oil extraction process, who are now threaten by low oil prices making it impossible to pay that debt. Failure of these oil companies could ripple through the American economy to pull other segments down.

3) Airlines across the world continue to sink deeper into crisis from the worsening coronavirus epidemic reducing the number of passengers, who are foregoing travel fearing the virus. The situation is made worst by not being able to predict how long the crisis will likely last and therefore unable to make accommodating plans. The lockdown of Italy has further aggravated world air travel, especially with the interruption of tourism just as the tourist season would be ramping up.

4) Stock market closings for – 10 MAR 20

Dow 25,018.16 up 1,167.14
Nasdaq 8,344.25 up 393.577

S&P 500 2,882.23 up 135.67

10 Year Yield: up at 0.748%

Oil: up at $34.62

9 March 2020

1) The FCC (Federal Communications Commission) will vote later this month on rules requiring all providers of phone service to implement automatic call blocking. This automatic technology will block illegal robocalls, that is, the automatic calling of people with a prerecorded message or to connect the person to a salesman. This will give phone and cable companies until June 20, 2021 to implement. This blocking technology is called STIR/SHAKEN protocol that authenticates the origin of a call and can automatically block it if it’s from an illegal robocaller.

2) The U.S. credit markets of bonds are suffering their worst day in a decade as fears increase over the spreading coronavirus and it’s possible effects on corporate income as well as their ability to repay debt. Bonds of American Airlines Group Inc. dropped to near distressed levels as companies worldwide canceled business travel. Other travel related bonds, such as rental car and cruise line companies, as well as energy companies, their bonds and loans fell further towards distressed levels. The selling off of bonds triggered a surge in derivative indexes that investors use to hedge against losses. The week has seen the most cash in at least ten years being withdrawn from funds buying corporate bonds and loans.

3) There are fears that the unraveling of the Saudi-Russia alliance will cause the biggest plunge of oil prices since 2015. Talks between members of the OPEC+ collapsed in Vienna, with members free to pump oil without any restrictions starting next month. The collapses is a result of Russia’s refusal to accept Saudi Arabia’s proposal for output cuts aimed at offsetting the coronavirus crisis’s impact on demand. Oil futures have plunged about 9% in New York and London.

4) Stock market closings for – 6 MAR 20:

Dow 25,864.78 down 256.50
Nasdaq 8,575.62 down 162.98
S&P 500 2,972.37 down 51.57

10 Year Yield: down at 0.71%

Oil: down at $41.57

#THECAST Ep. 12 feat Jonathan Land LOL Edition:

The Cast Ep. #12 LOL feat Jonathan Land

#TheCastPodcast is back like never before, new episode as always. Sammy BE @ecofiretv, Luisa L. @luisamodels, and on the engineering consoles Jon “Da Don” Sterling @thedramablock.

The trio is back with another one as we enter the spring season 2020. You guys and gals know what it is, more heat rock content for your dome.

It was a pleasure to have as our guest a man who is creating noise and alarms in the comedy game, he has been a featured stand up comic on Late Night With Seth Myers, and also has been on the NYC comedy circuit, lacing the circuit with great comedy. He goes by the name of Jonathan Land.

Jon came on the #TheCast to discuss comedy, entertainment, his come up story and more. This is an episode you must tune in to #TheCast.

“WE ALL HAVE A VOICE & A OPINION. IT’S JUST HOW U USE YOURS”…..

As always, Be Bless, Stay Bless, God Bless

THE PLATFORMS BELOW:

1) www.instagram.com/EcoFireTV (Sammy BE)
www.twitter.com/EcoFireTV

2) www.instagram.com/LuisaModels (Luisa L.)
www.twitter.com/LuisaModels

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4)@Economic-FinanceReport (Podcast/Online Show)

5)www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (EFR.Tv Youtube)

6)www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)

#THECASTPODCAST EP. #11: END OF YR WRAP UP REVIEW 2019 (YOUTUBE ED)

#TheCastPod Ep. #11: End of the Year Wrap Up 2019

#TheCastPodcast last episode of the 2019 year. Your hosts Sammy BE @EcoFireTV, Luisa L @LuisaModels & Jon “Da Don” Sterling @TheDramaBlock, closed 2019 very strong of course; 2020 will be way stronger.

The crew wrapped up the greatest moments in 2019, as well as accommodating outstanding guests, who dropped gems and jewels about their $$$$money moves$$$, in their respective businesses plus MORE FUN…. 2020 we R just getting started…. 2020 Let’s Go Get Em’……..

#TheCastPodcast#TheCastPod “WE ALL HAVE A VOICE & A OPINION, IT’S JUST HOW U USE URS” As always #BEBless #StayBless #GODBLESS #RealRecognizeDeal

Platforms:

1) www.instagram.com/EcoFireTV (Sammy BE) www.twitter.com/EcoFireTV

2)www.instagram.com/LuisaModels (Luisa L) www.twitter.com/LuisaModels

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4) www.soundcloud.com/Economic-FinanceReport (Podcast)

5) www.youtube.com/Economic&FinanceReportEFRTV (Youtube)

6) www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)

#TheCastPodcast Episode #11: END OF THE YEAR WRAP UP 2019

#TheCastPodcast last episode of the 2019 year. Your hosts Sammy BE @EcoFireTV, Luisa L @LuisaModels & Jon “Da Don” Sterling @TheDramaBlock, closed 2019 very strong of course; 2020 will be way stronger.

The crew wrapped up the greatest moments in 2019, as well as accommodating outstanding guests, who dropped gems and jewels about their $$$$ money moves $$, in their respective businesses plus MORE FUN…. 2020 we just getting started….

2020 Let’s Go Get Em’……..#TheCastPodcast #TheCastPod

“WE ALL HAVE A VOICE & A OPINION, IT’S JUST HOW U USE URS”

As always #BEBless #StayBless #GODBLESS #RealRecognizeDeal

Online Platforms:

1) www.instagram.com/EcoFireTV (Sammy BE)
www.twitter.com/EcoFireTV

2)www.instagram.com/LuisaModels (Luisa L)
www.twitter.com/LuisaModels

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4)@Economic-FinanceReport (Podcast/Online Show)

5)www.youtube.com/Economic&FinanceReportEFRTV (Youtube)

6)www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)

#EFRPOD Ep. #35: END OF THE YEAR WRAP UP 2019 Feat. JONATHAN TORRES (Youtube Edition)

The #EFRPod last episode of the 2019 year; Sammy BE @EcoFireTV, James Lyman @ObsoletePeople & Jon “Da Don” Sterling @TheDramaBlock, closed 2019 stronger then ever….

The trio had the wonderful pleasure of interviewing a dynamic individual in the marketing and promotional game. Jonathan Torres of 1PR Branding @torres1pr; came on the show to break down the public relations, marketing, advertising, publicity & promo game.

He enlightened #EFRPodcast on how he flipped the water biz into the hip hop media game, while making a lot of money from it all. #EFRPodcast @ecofiretv @obsoletepeople (twitter handle of James Lyman, no IG sorry y’all 🤔) & @thedramablock on the boards; also finished the year stronger as ever, However 2020 will be stronger than 2019, believe that.

The guys spoke on business, economic and financial related topics of the 2019 calendar year, and they also discussed what to expect for the 2020 fiscal year, as it relates to business, the economy and finance. 2020 definitely seems to be promising and more insightful then the last.

#EFRPodcast wants the people to stay tuned for more excitement interviews, business, financial & economic news reporting for the new year….

2020 Let’s Go Get Em’, Cheers Happy New Year #EFRPOD #EFRPODCAST

As always “WE ALL HAVE A VOICE & A OPINION, IT’S JUST HOW U USE URS”

Online Platforms:

1) www.instagram.com/EcoFireTV (Sammy BE)

www.twitter.com/EcoFireTV

2) www.twitter.com/ObsoletePeople (James Lyman)

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4) soundcloud.com/Economic-FinanceReport (Podcast/Online Show)

5) www.youtube.com/channel/Economic & Finance Report EFRTV (Youtube)

6) www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)

TESLA’S MARKET VALUE SURPASSES FORD MOTORS & GENERAL MOTORS MARKET SHARE VALUE COMBINED!

Image Credit: NBCNews.com

By: Economic & Finance Report

Breaking News: Tesla Inc market value has now surpassed both legendary Ford Motors and General Motors company market values combined.

January 8, 2020 (Wednesday) Tesla Inc had a market cap of $89 billion, approx 2 more billion dollars then Ford Motors ($50 billion) and General Motors ($37 billion) combined.

Many of Tesla Inc’s attributes for rising market cap has to be with a profitable 3rd quarter the electrical auto maker had; also surpassing auto deliveries in the Chinese market, while also having its stock more then double over the past few months. These all seem to be contributing factors to its increased market cap currently.

With all the accolades Tesla has achieved, there are skeptics in the investment community who believe the company will not able to sustain cash flow nor provide more profitability in the next few years.

All this remains to be seen...SB