Happy Friday

Federal Reserve

Fed Chair Says U.S. Economy Crashing Hard And Fast:

Federal Reserve Chair Jerome H. Powell said on Thursday the U.S. economy is in an emergency and is deteriorating “with alarming speed.” His remarks were made after the central bank unveiled over $2 trillion in new loans to keep the economy on life support. But that’s not all Powell had to say..

WHEN WILL THE ECONOMY REOPEN? →

U.S. Economy

Coronavirus Crisis Leaving Legacy of Debt:

It will be years before we see the full impact of the coronavirus pandemic. But one outcome is already clear: government, businesses, and some households will be loaded with additional debt.

HERE’S WHY →

U.S. Employment

16.8 Million Americans Now Unemployed:

1 in 10 from the American workforce lost their jobs in the last three weeks. The staggering number of 16.8 million Americans in 21 days shows how COVID-19 sucker-punched world economies, dropping them to the ground in the blink of an eye.

SEE THE SHOCKING NUMBER U.S. UNEMPLOYMENT COULD HIT IN APRIL →

Commercial Real Estate

Coronavirus Pandemic Hits Brick and Mortar Businesses, Landlords:

Some big retailers like Staples aren’t able to pay their rent in April. And a widely popular restaurant chain that is known for a delicious dessert told its landlords last month that the restaurant would not be making rent payments in April due to the “tremendous financial blow” from the coronavirus pandemic.

FIND OUT WHICH RESTAURANT CAN’T PAY RENT NOW →

Auto Industry

Coronavirus Pushing Auto Dealers to Embrace Online Sales:

Only a few auto dealers have embraced online sales—Tesla and Carvana are two examples. However, the coronavirus is changing this.

WHICH CAR DEALERS NOW CONSIDERING ONLINE SALES →

U.S. Labor

Amazon May Begin Testing Warehouse Employees for Coronavirus:

On Thursday, online retail giant Amazon announced it has formed a serious team to work to develop “incremental testing capacity” for the coronavirus. This announcement comes after warehouse workers recently held walkouts to protest working conditions, including a demand for better protection from COVID-19.

SEE HOW MANY EMPLOYEE’S GOT SICK →

Consumer Credit

The Fed Dropped Interest Rates to 0% - What Does That Mean for YOU?:

How will your personal credit cards and bank accounts be affected by the interest rate at 0%? Well, there’s some good news and not so good news:

Read More →

Pork Industry

Smithfield Temporarily Shuts Down South Dakota Pork Plant:

Higher pork prices are coming—Smithfield Foods closed their pork processing plant in South Dakota temporarily for cleaning after more than 80 employees were confirmed to have the coronavirus, the company announced Thursday. Smithfield is the largest pork processor in America.

SEE WHAT CHANGES THE COMPANY IS MAKING BEFORE REOPENING →

💬 Have any feedback on this Edition? Tell Us