National Economic Council Director Larry Kudlow discusses what economic options the U.S. government has to mitigate and assist businesses and individuals dealing with the financial impacts of coronavirus.

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Note to Mr. Kudlow: Do not trust Dr. Anthony Fauci.

Fauci is a purposeful panic seller. His goals are not the administrations goals.

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White House trade and manufacturing advisor Peter Navarro discusses the administration effort, a possible executive order, to shift U.S. dependency for critical health sector and pharmaceutical products back to domestic production.  [Important Discussion]

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Right now, today, the retail food supply-chain is trying to recover from previous panic buying. Across the nation grocery stores are wiped out. Warehouses are emptying trying to replenish the stores. The upstream suppliers are trying to resupply the warehouses.

Supermarkets are closing early and opening late while trying to stem panic and fulfill customer demand.  Now is exactly the wrong time to limit food choices and push more people into those retail food stores.

No advance notice. No time to prepare or plan… just an immediate order.

Imagine what will happen tomorrow morning in Ohio and Illinois at grocery stores.

Notice these orders from short-sighted governors are in effect almost immediately. Meaning no-one has had the time to prepare for this type of a disruption in the total food supply chain.

These governors do not have any experience, policy framework, or previously established state-wide systems (having been tested through experience) for a process of rapid food distribution as a result of a state emergency. They are flying by the seat of their pants, and taking advice from the wrong people with the wrong priorities and the wrong frame-of-reference.

A government cannot just shut down 30 to 50 percent of the way civil society feeds themselves, without planning and advanced preparation for an alternative. Those who ARE the alternative, the retail food grocers, need time to prepare themselves (and their entire logistical system) for the incredible impact.  Without preparation this is a man-made crisis about to get a lot worse.

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The White House COVID-19 task force led by Vice President Mike Pence will be holding an update on coronavirus mitigation efforts at 5:00pm.  Livestream Links below:

UPDATE: Video Added

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Treasury Secretary Steven Mnuchin appears on ABC news where Jonathan Karl demands the U.S. Treasury Secretary should collapse the economy.  Pathetic and desperate Mr. Karl wants a recession almost as much as he wants the job to replace Stephanopoulos.

This interview is a case study in TDS.  The media are addicted to selling a resistance narrative.  Coronavirus is to media like crack cocaine is to an addict.

Instead of taking the opportunity with the Treasury Secretary to explain what measures are in place to help businesses deal with financial assistance, and have Mnuchin outline what procedures are in place for them to follow, the media waste ten minutes constructing their anti-Trump narrative for an audience.  It is ridiculous.

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Telling people to remain calm and simultaneously forcing people to remain in their homes would seem to be a contradiction in messaging; potentially only worsening the panic.  However, this is one of those, “well, yes it’s unconstitutional except when….” moments, that may have rather profound consequences.

The Democrat mayor of Hoboken New Jersey has announced a mandatory curfew between 10pm and 5am where all residents are not permitted to exit their residence; and all bars must close due to the coronavirus.

I don’t know if this is the first ‘mandatory’ coronavirus curfew, or even how such an effort could feasibly be enforced, but it’s likely not going to be the last:.

New Jersey – 10:45pm ET – Hoboken Mayor Ravinder Bhalla announced a citywide curfew will be in effect starting Monday. The curfew also places major restrictions on bars and restaurants.

The curfew will be in effect from 10 p.m.- 5 a.m.starting on Monday, and until further notice.  Residents will be required to stay home, except for emergencies, or if needed at work by their employer.

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Canada completes the North American cycle with their ratification of the USMCA to replace NAFTA. Mexico and the U.S. ratified the new trade agreement last year and January respectively.  The Canadian parliament did so yesterday.

CANADA – Canada on Friday formally approved the United States-Mexico-Canada Agreement (USMCA), taking the last legislative step to implementation of the deal to replace the 25-year-old North American Free Trade Agreement (NAFTA).

The trade deal, ratified by the Mexican legislature last June and by Congress in January, was formally ratified by the Canadian Senate Friday, and shortly thereafter received royal assent, the Canadian governor general’s approval.

The deal was passed through the legislature before Parliament shut down for five weeks in response to the coronavirus pandemic.

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By now everyone is familiar with the abundant pictures on social media of empty shelves in local stores.  Having some familiarity with the supply chain might help people to understand some of the challenges; and possibly help locate product. (Pics from Twitter)

There are essentially two types of distribution centers within the retail supply chain for most chain markets, food stores and supermarkets.  The first type is a third party, or brokered, distribution network.  The second type is a proprietary, company owned, distribution center.  Knowing the type of distribution helps to understand what you can expect.

If your local retail store is being replenished from a third party distribution center, you can expect greater shortages and longer replenishment times; we will see entire days of empty shelves in these stores.  However, if your local retail store owns their own warehouse and distribution network, the replenishment will be faster.  In times of rapid sales, there is a stark difference.

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At approximately 1:00am this morning the House of Representatives passed the Coronavirus Response Act [H.R.6201]  (House Link Here)

The final text of the bill is also embedded below.

The Bill passed: 363-Yay/40-Nay with 26-Not Voting [Vote Tally Here]

[scribd id=451664181 key=key-TpgzK792x3tz3D3azeRw mode=scroll]

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Additionally, President Trump exercised statutory authorities to declare a national emergency in response to the coronavirus.  The unprecedented action invites States, territories, and tribes to access over $42 billion in existing funding to combat the coronavirus.

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This is a bold step for the brand.  It takes very strong leadership to make a decision like this. All Apple Inc. retail stores will be closed; however, on-line distribution centers will remain open.  Workers will continue to receive their regular pay despite the closures.

(Via CNBC) Apple said it will close all of its stores outside of Greater China until March 27 to reduce the risk of the coronavirus spreading.

The iPhone maker’s online store will remain open as well as its “Apple Store” app.

Apple CEO Tim Cook said the company had learned lessons from the outbreak in China and that is why it is taking these steps.

“One of those lessons is that the most effective way to minimize risk of the virus’s transmission is to reduce density and maximize social distance,” Cook wrote in a blog post late on Friday. “As rates of new infections continue to grow in other places, we’re taking additional steps to protect our team members and customers.” (read more)