On today’s show we discuss:
- A hub for help during the Coronavirus
- Danny Meyer’s USHG lays off 80% of their total workforce
- Restaurants will need a miracle
- Is 20% unemployment coming?
- Hedge funds are outperforming
- Why markets are so volatile
- Postponing tax payments
- GM shutdown, but they’re going to help
- What happens to advertisers in a recession?
- Cash is all that matters
- Sentiment survey
Listen here:
Charts:
Tweets:
We don't have a flight to quality, we have a flight to cash.
-Howard Mason— RenMac: Renaissance Macro Research (@RenMacLLC) March 19, 2020
Investors are paying for the privilege of getting their dollars back in a month. The rate on 4-week T-bills has gone negative. pic.twitter.com/hcBGBDjyKn
— Lisa Abramowicz (@lisaabramowicz1) March 18, 2020
WOW JPM: "…we are slashing our forecast for real annualized GDP growth in Q1 to -4.0%, followed by an even weaker -14.0% in Q2… growth partly recovering to 8.0% in Q3 followed by 4.0% growth in Q4."
— Sam Ro ? (@SamRo) March 18, 2020
Aggressive long end ETF outflows $2 billion out in March thus far $TLT $SPTL pic.twitter.com/1Ql6lNwbQm
— Athanasios Psarofagis (@tpsarofagis) March 19, 2020
Assuming testing capacity and efficiency is one of the key things to alleviate economic lockdown and freeze (which deeply hurts everyone), the pathetic ramp of testing capacity in the U.S. will go down as one of the most tragic failures in our history. pic.twitter.com/q4bJ0ELQVj
— Patrick OShaughnessy (@patrick_oshag) March 18, 2020
China getting back to work
FedEx says…
-Demand rebounded more than expected
-65-70% of small business operating again
-90-95% of large manufacturers operating— Jonathan Ferro (@FerroTV) March 17, 2020
