And Netflix and Zoom.
Sweden coming out with that cure it seems. Weren’t they implementing the herd immunity theory?
Don’t forget Amazon.
The total number of UK deaths spiked in April.
There were 18,516 deaths registered in the week ending April 10, 76% more than the average figure for the same week over the previous five years, the Office for National Statistics said on Tuesday. Of the 8,000 excess deaths, more than 6,200 were linked to the coronavirus, according to the ONS.
Consumer spending on media:
Another week, another deluge of jobless claims, as millions of Americans file for unemployment benefits amid the ongoing coronavirus crisis.
The five-week total (which captures the effect of the lockdown measures put in place to curtail the spread of COVID-19) is now around 26.5 million.
Assuming the recession began in Q1 of 2020 (i.e., taking December’s non-farm payrolls report as the last data point), the US created around 20.5 million jobs over the longest expansion in history which, going by the NBER’s official start date, began in June of 2009.
America has now seen the entirety of those gains effectively wiped off the board.
It seems to me that many people are confused because of this situation because it is almost impossible to orientate themselves on technical analysis now, at least there are interesting events that give you an entry point and you can use it.
The funny thing is that those who introduced the most loyal quarantine measures stayed afloat for the longest, and now the situation has become fundamentally different. And now the very moment has come which has led us to the fact that all assets have already reacted.
That’s why despite the frenzied market movement not everybody is trading now, among my acquaintances there are a lot of those who trade only with the most verified reports, because the intraday trading has really become risky.
It is not surprising, this situation has led to serious economic consequences, which will affect the countries and especially the business spheres for a long time, now we will see how they will cope with it, because we will not last so long.
858 minutes of TikTok
That is what the average US TikTok user spends on average on the platform per month. The growth is just insane.
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U.S. GDP contracted at a seasonally adjusted annual rate of 4.8% in the first three months of 2020, the Commerce Department said today.
The U.S. economy shrank at its fastest pace since the last recession in the first quarter as the coronavirus pandemic shut down large parts of the country.
Forecasters expect a much larger contraction in the second quarter, producing the two consecutive quarters of decline that commonly define a recession.
Data company IHS Markit expects GDP to decline at a 37% annual rate from April to June, which would be the biggest drop since quarterly records began in 1947. Most economists expect a rebound in the second half of the year.
Restaurant operators are reeling. U.S. restaurants are on track to lose $80 billion in sales in March and April, according to the National Restaurant Association, as 40% of restaurants have closed. Many that remain open are limited to delivery and takeout, cutting deeply into sales.
That has led to millions of layoffs in the restaurant and hospitality industries. Supermarkets and delivery companies are hiring some of those workers to handle the surge in demand for food at home.