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Thirsty Thursday

People are preferring tap water to quench their thirst right now as the coronavirus impacts Starbucks--its earnings dropped 46 percent in Q2. But don’t worry, when the pandemic is over, the coffee shops will be back to business as usual. Caffeine is a hard habit to break and people who kick the habit usually fall back on the java juice in a few months.

A cup of coffee always goes well with this newsletter…pour yourself one and have a good read.

Stock Market

Disney Shares Surge as Disney+ Passes 50 Million Subscriptions:

People around the world are in quarantine, stuck inside with a lot of time on their hands. This appears to be a boost for Disney, as they announced their streaming service Disney+ has surpassed 50 million subscribers. Back on February 4, Disney reported in its Q1 earnings that Disney+ reached 26.5 million subscribers. So as the new streaming service is booming, Disney shares are going UP.

Global Economy

   

Japan’s Economy Set to Contract 25% Despite No Mandatory Lockdown:

With their softer approach to the pandemic—less restrictions on the public and business—Japan is being watched to see how their government’s pandemic strategy plays out economically. The government just announced a fiscal aid package for the country—however, Japan’s economy is still set to contract 25 percent in the second quarter, according to analysts at Goldman Sachs.

Real Estate

   

One of New York City’s Most Luxurious New Supertowers Could Soon Topple from Coronavirus:

The Big Apple’s “Skinniest Supertower” is weeks away from missing its construction deadline, known as the “outside date.” If that happens, in-contract buyers could walk away due to coronavirus fears and the abysmal stock market, leaving the $1.45 billion dollar development empty.

Coffee Industry

Starbucks Second Quarter Earnings Fall 46% as Coronavirus Hits Sales:

Coffee giant Starbucks announced on Wednesday it expects its second quarter earnings to be almost cut in half as the coronavirus pandemic causes sales to plunge in its two biggest markets—the U.S. and China.

Small Business

More than $70 Billion in Coronavirus Loans Given to Small Businesses:

President Trump said on Tuesday that the Small Business Administration has processed more than $70 billion in loans for small businesses impacted by the coronavirus.

Retail Distribution

Amazon Suspends Delivery Service Competing with UPS, FedEx:

Amazon has placed their new delivery service on hold. The service was a directed competitor to UPS and FedEx, making deliveries outside of Amazon purchases. However, the program was suspended, as Amazon says it needs to shift workers and open up their capacity to handle the surge in customers’ orders.

Precious Metals

Buckle Up, Gold Bugs! Precious Metals Are About to Reset Like in 2008:

Who’s laughing now, gold bugs? Once considered fringe investments, precious metals are now considered solid investments. 

Stock Market

Will the Dow Make a Genuine Comeback? Here’s What Experts Think About the Bear Market:

Investors are seeing light at the end of the tunnel after a brutal period. But is it an oncoming train? Many investors are asking this question as the market tries to break free from the bear hug that now has a tight grip around its spreadsheets.

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Our newsletter is for informational purposes only and is not intended to serve as the basis for any investment decision.

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