15 April 2020

1) A second round of layoffs is starting, the first being workers at restaurants, malls and hotels, most of them lower skill levels, but now it’s higher skilled jobs threatened. Those higher skilled jobs had seemed secure, however the ‘work at home’ people are seeing layoffs and furloughs to add to the unemployed numbers. Jobs such as corporate lawyers, government workers and managers are seeing the pink slip with a threat of a prolonged labor downturn in 2007-09 recession. Economist anticipated that 14.4 million jobs will be lost in coming months, raising the unemployment rate to 13% for June. Already, 17 million Americans have been laid off, with estimates of 27.9 million jobs to be lost. The information businesses are being hit, with revenues not sufficient to pay electric bills for servers and computers to host web sites. Even large law firms catering to the corporate world are having significant layoffs. State and local governments employ 20 million people, but as tax revenues drop, they too are faced with reducing employees. Analysts consider it will take 5 1/2 years for the labor market to recover.

2) Boeing, the airline manufacture, is further suffering business setbacks with the cancellation of orders for 150 jets in March. This is a result of a near total halt in demand for air travel because of the coronavirus pandemic. There are now nearly 14,000 jets parked by airlines around the world. Boeing did report new orders for 31 aircraft in March. While Boeing still has a backlog of orders for about 5,000 jets, there are fears that delivery will be deferred which will further add to Boeing’s financial woes.

3) The IMF (International Monetary Fund) is predicting that the Great Lockdown recession will be the worst in almost a century, warning the world economy’s contraction and recovery will be worst than anticipated. The IMF estimates the global gross domestic product will shrink 3% this year, compared to a 3.3% growth in January. This will dwarf the 0.1% contraction in the 2009 financial crisis. These forecast dashing any hopes for a V-shaped economic rebound after the virus subsides, with a commutative loss of global GDP of this and next year, of about $9 trillion dollars. Economic damage is driven by how long the virus remains a major threat.

4) Stock market closings for – 14 APR 20:

Dow 23,949.76 up 558.99
Nasdaq 8,515.74 up 323.32
S&P 500 2,846.06 up 84.43

10 Year Yield: unchanged at 0.75%

Oil: down at $20.82

#TheCastPodcast Ep. #9: GLAMOUR COME UP feat. Xiomara The Model

The Cast Podcast Ep. #9: Glamour Come Up feat. Xiomara

“WE ALL HAVE A VOICE & 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)

21 May 2019

1 ) Ford Motor Company announces a 10% reduction in its work force by eliminating 7,000 jobs world wide. These jobs are salaried white-collar jobs, which are part of a major restructuring to eliminate bureaucracy and increase the number of workers reporting to each manager. Technologies allow large corporations to streamline their management staff and thereby reduce their staff.

2) The U.S. home sales fell unexpectedly in April with persistent weakness in lower-priced housing market. This market segment had been experiencing an acute shortage of properties. Economist had been forecasting a 2.7% rise in home sales, but the existing home sales dropped 4.4% from last year, making this the 14th straight year-on-year decrease in home sales. Existing home sales make up about 90% of U.S. home sales.

3) The United States Postal Service has started a two week test of commercialized autonomous vehicle technology to carry the mail cross country via robot driven semi-trucks. The test run is between Phoenix and Dallas with five round trips, each 2,100 long. Each test truck will have a safety driver on guard and an engineer. The test vehicles will travel the interstates through Arizona, New Mexico and Texas. To drive the same route would require multiple human truck drivers.

4) 21 MAY 19 Stock market closings:

Dow              25,877.33    up    197.43
Nasdaq          7,785.72    up       83.35
S&P 500         2,864.36    up       24.13

10 Year Yield:     up   at    2.43%

Oil:    down   at    $62.97

*NEW PODCAST, THE CAST EP. #1: 6IX9INE LEGAL WOES…..(WOAH)*

Episode #1 on THE CLOUD (Soundcloud that is). On the new podcast show, called THE CAST, hosts Sammy BE, Luisa L & Savannah Bee discuss, entertainment, music, fashion, and all topics in relation to society, lifestyles, and of course media.

The trio had a chance to speak briefly with the legal rep/lawyer (Art)for MTA Booking Agency, (former booking agency to Tekashi69). He briefly discussed MTA’s next course of action against the 6ix9ine controversy, and the next steps MTA will be taking in this regard.

He indicated to the group that we would get a full interview, on the controversy surrounding Tekashi69’s bookings of shows & concerts (and we would obtain MTA’s side of the story). So this a future interview you don’t want to miss out on.

Simply put, this is the beginning of something you don’t want to miss, on THE CAST Ep #1.

As always #BEBless #StayBless #GODBLESS #RealRecognizeDeal

Website Platforms To Check Out:

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

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

3) www.instagram.com/ModelGirlModelWorld (Savannah Bee)

4) www.EconomicandFinanceReport.com (Economic & Finance Blog Site)

5) www.Soundcloud.com/Economic-FinanceReport (Podcast/Online Show)

6) www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (Youtube)

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

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

GOLDMAN SACHS WILL NOW BE RATING EMPLOYEES VIA REAL TIME !!!!!!!

By: Economic & Finance Report

Goldman Sach’s rolled out a new review/performance based system to rate and grade employees performance at the work place. The new system allows employees to attain, receive information and feed back from their supervisors and managers.

This innovative system allows employees and managers to get feedback among themselves all year round.  Entitled Ongoing Feedback 360+ allows employees more interactons and communication with their superiors on many work related issues and allows the managers to communicate to the employee on how to handle different work related issues, in a timely fashion.

The Ongoing Feedback 360+ will be used to allow direct communication with management and the employees at Goldman Sach’s, in a real time based ordinance. -SB

PORTFOLIO & FUND MANAGERS TAKE RISK…. TO PROFIT…..

 

portfolio manager pic

By: ECONOMIC & FINANCE REPORT

Various fund and portfolio managers have to take risk to get ahead in this ever growing investing markets, especially as the new year begins in 2015.  There are a few research studies floating about; that indicate that portfolio managers, fund managers, asset allocation managers and other finance managers, lag way behind the money markets when certain investment initiatives are not in place. Overall their records perform unusually low without taking the necessary risk  to attain net profit gains.

Managers that do not take the necessary risks in diversifying their portfolios to allocate the funds in various risk allocations, lose the incentives to attain profit, then allowing them to underperform in other aspects of their trading accounts and portfolios. At the end of it all, instituting monitored risk or calculated risk is more appropriate in establishing decent results for clients portfolios.

-SB