31Mar2020 Market Close: Wall Street Stock Markets Slid Moderately Today, DOW Closed Down 410 Points, WTI Crude Settled Lower At 20.25, Gold Slips To 1570, SPY -1.5%

Exclusive: American Airlines to retire more jets, including vintage 737s, in coronavirus downturn

American Airlines Group Inc is set to sharply increase the number of jets it is planning to retire beyond its announced plans as it accelerates a fleet transformation to respond to the coronavirus crisis, people familiar with the matter said.

Three months that shook global markets

How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depression.

Stocks slide, on pace for worst quarter since 2008

Global stock markets slid on Tuesday as investors continued to assess the economic damage from the coronavirus pandemic, leaving the MSCI benchmark of world equities on pace to finish its worst quarter since the financial crisis of 2008.

Oil edges higher after 18-year lows prompt U.S.- Russia talks plan

Oil prices firmed on Tuesday after U.S. President Donald Trump and Russian counterpart Vladimir Putin agreed to talks on stabilising energy markets, with benchmarks climbing off 18-year lows, though the coronavirus-related demand hit capped gains.

S&P 500 set for worst first quarter since 1938

Wall Street was set to open lower on Tuesday, with the S&P 500 headed for its worst first quarter since 1938 as evidence grew of the scale of the damage caused by the collapse in oil prices and business activity due to the coronavirus.

U.S. unemployment offices sitting on mountain of pending claims

Last week’s record-setting U.S. jobless claims number will be quickly surpassed, economists and state officials predict, as local labor offices digest a pile of pending applications, and the new stimulus bill extends benefits to the self-employed.

Furniture giant IKEA making masks to help fight coronavirus

Furniture giant IKEA is producing face masks and other protective gear for hospitals, joining a growing list of companies branching out of their normal business areas to help meet equipment shortages in the fight against coronavirus.

IMF extends bilateral borrowing arrangements through 2023

The International Monetary Fund said on Tuesday its board approved a new three-year framework for bilateral borrowing agreements, ensuring that its full $1 trillion lending capacity will be maintained as member countries battle the coronavirus pandemic.

Rolls-Royce targets in jeopardy as pandemic brings air travel slump

British aero-engine maker Rolls-Royce will likely have to slash its 2020 cash flow target after airline customers parked hundreds of planes due to the coronavirus pandemic, analysts said.

Stocks Suffer Worst Start To A Year Ever… As Trump Approval Reaches Record High

Stocks Suffer Worst Start To A Year Ever… As Trump Approval Reaches Record High

It’s Official…

Here’s a chart that no one suspected would happen (most of all not the media and the democrats)… as stocks crashed by record amounts in March, President Trump’s approval rating has soared to the highest of his presidency…

28 Spring-Breaker ‘Covidiots’ Test Positive In Texas After Group Trip To Cabo

28 Spring-Breaker ‘Covidiots’ Test Positive In Texas After Group Trip To Cabo

The ‘Covidiots’ have struck again.

The City of Austin’s public health department just reported that 28 young adults who recently returned from a spring break trip to Cabo have all tested positive for COVID-19, a local TV news station reports.

These students were part of a group of roughly 70 mostly UT Austin students left for Cabo a week and a half ago. So far, nearly half of that group has tested positive, while the rest have been warned to remain in self-isolation. The university confirmed that it was mostly UT students.

COVID-19: Ten Things To Think About

COVID-19: Ten Things To Think About

Authored by Justin Pavoni via The Ron Paul Institute for Peace and Prosperity,

1. All of this can be solved by following the voluntary principle: If you are worried then stay home. If you are willing to assume the risk then go to work.

Going to work means you may interact with people and thus get sick. It’s a risk. The other people at work took on this risk of their own choosing too. Life is full of risks. Not going to work has its own obvious risks associated with it. Let people choose their own paths based on their own risk tolerance and voluntary choices. Don’t impose your view via government force on those of us that peacefully disagree with you.

2. There have been 23,000 US deaths so far this year due to flu, 3,000 from coronavirus.

Worldwide stats are roughly in parallel. Legitimate population samples and common sense show that the virus has infected way more people than reported by the immoral news organizations that make money off this hysteria. It is highly likely that REAL death rates are closer to .05 percent rather than the oft-emphasized 3 percent.

3. Social Distancing makes people distrust one another.

People that are afraid of each other are easier to control. We just had a house fire and while nobody will shake my hand because they’re afraid to death of coronavirus, t …

Alleged ‘Crisis Profiteer’ Arrested For Coughing On FBI Agents And Claiming He Had Tested Positive For COVID-19

Alleged ‘Crisis Profiteer’ Arrested For Coughing On FBI Agents And Claiming He Had Tested Positive For COVID-19

We’re not the first to remark that the novel coronavirus outbreak has exposed the worst of humanity, from spring-breaker ‘covidiots’ to unscrupulous ‘entrepreneurs’ who hit every Costco and Wal-Mart in a 60 mile radius to stock up on cleaning supplies and medical supplies.

They then turned around and sold those same products on Amazon and eBay at ridiculous mark-ups. Some might call it ‘entrepreneurship’, others would call it ‘crisis profiteering’. Despite governors and AGs taking steps to prioritize prosecution of these ‘coronantrepreneurs’ – after all, many big box stores across the northeast and other parts of the country are still out of toilet paper – they persist, and sometimes, many try to act like what they’re doing isn’t a crime.

Why India needs a composite strategy to combat Coronavirus

Why India needs a composite strategy to combat CoronavirusThere might seem to be many options, but effectively there is only one. That is what India is looking at right now.

Waiving charges could further hit telcos

Waiving charges could further hit telcosTelcos could each take a 1-1.5% one-time hit on revenue if they waive call charges for migrant labourer users.

Nizamuddin: A Covid disaster in the making?

Nizamuddin: A Covid disaster in the making?Out of 97 cases of coronavirus in Delhi, 24 were those who took part in the Nizamuddin event.

Economic Outlook: Here’s how to track the mounting damage to the U.S. economy from the coronavirus

Millions of people are losing their jobs and unemployment is soaring. The mounting devastation to the economy from the coronavirus is becoming starkly visible to households across the nation. Here’s what to watch in the next few weeks as the damage reports come in.

Ask the Dow: Will companies in the Dow report earnings as usual despite COVID-19 disruptions, or delay them because they can?

Just because the Securities and Exchange Commission will allow companies to delay reporting earnings results, if needed, it doesn’t mean any of them will.

Capitol Report: Trillions in coronavirus spending could explode deficits to World War Two levels

The trillions of dollars Washington is spending to combat COVID-19 is likely to push annual deficits relative to the size of the U.S. economy close to levels last seen during the 2007-2009 Great Recession ” or even World War Two.