Sunday, March 8, 2020

3/8 - COV19 BUSINESS IMPACTS: 109,000+

One post today -- business impacts.



Timeline of Cases (Deaths):

New format: Worldwide cases (worldwide deaths); US - cases (deaths) plus any country with more than 50 deaths.

Information from either Johns Hopkins Global Map or from South China Morning Post.

3/8, DAY 69 - Worldwide - 108,446 (3,790); US - 537 (19); Iran - 194; Italy - 366; South Korea - 50
3/6, DAY 67 - Worldwide - 101,701 (3,460); US - 241 (14); Iran - 124; Italy - 197
3/5, DAY 66 - Worldwide - 97,840 (3,347); US - 176 (9); Iran - 107; Italy - 148
3/4, DAY 65 - Worldwide - 94,261 (3,214); US - 138 (9); Iran - 92; Italy - 137
3/3, DAY 64 - Worldwide - 92,315 (3,131); US - 108 (6); Iran - 77; Italy - 52
3/2, DAY 63 - Worldwide - 89,839 (3,062); US - 88 (2); Iran - 66 deaths

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There is so much about how COV19 is impacting businesses, that it is nearly impossible to keep up with all the links out there. I am limiting myself to mostly impacts here in America, but by no means is that lessening what other countries are going through.

First, this is bad, like really bad. A meeting between Saudi Arabia and Russia turned really ugly on Friday. This next link explains that Saudi Arabia, expecting civil arrest in their country as a result of the meeting, went preemptive and arrested anybody who might take advantage of the coming chaos, especially anyone who might threaten the throne.

Saudi Arabia Starts All-Out Oil War: MbS Destroys OPEC By Flooding Market, Slashing Oil Prices

That meeting was Friday. Saturday, arrests. As the link shows below, Sunday is already ugly. I dread Monday.

Market Massacre: Oil Crashes 30%, Dow Down 1,000, VIX Explodes As Spoos Crater

Here are other impacts:

Axios: The emerging coronavirus economy

Breitbart:

Airlines Face Loss of Up to $30 Billion in Revenues in Wake of Coronavirus

Southwest Airlines Reports Drop in Bookings Amid Coronavirus Fears

Michael Snyder:

Will This Coronavirus Outbreak Cause A New Financial Crisis And A Horrifying Economic Collapse?
(GG: Snyder deserves a shout-out -- he's another one who has been giving us really good information on COV19.)

The “Unsinkable” Financial Markets Just Slammed Into A Massive “Iceberg” Called The Coronavirus

The Unstoppable Coronavirus vs. The “All-Powerful” Federal Reserve

Zerohedge:

Audi Suspends Electric Vehicle Production Due To Battery Shortage

Port Of Los Angeles Taking "Substantial Hit", Expects Volume To Plunge 15% From Coronavirus

Proctor And Gamble Says Over 17,000 Products Potentially Impacted By Coronavirus

Operations Suspended At F-35 Stealth Jet Factory In Japan Due To Virus Fears