The Department of Labor (DOL) released the unemployment claims data [pdf available here] showing a record 6.6 million Americans applied for unemployment benefits last week due to the coronavirus shut-down.

The 6.6 million claims are double the 3.3 million who made claims last week. Jobless/Unemployment claims, a data-point for layoffs, shows how many workers lose jobs and apply for temporary financial assistance.  It is unknown how many people may be re-hired or retained by the rescue funds within the CARES Act.  This process is only just beginning.

WASHINGTON, DC – Secretary of Labor Eugene Scalia issued the following statement regarding Unemployment Insurance claims:

“Similar to last week’s unemployment claims numbers, today’s report reflects the sacrifices American workers are making for their families, neighbors, and country in order to ‘slow the spread.’

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Earlier today President Trump and Defense Secretary Esper announced a major deployment of U.S. military to interdict narcotics trafficking from Central America.

On the surface the effort to deploy naval assets to the Caribbean and southern pacific is justified based on intelligence drug cartels will exploit the coronavirus pandemic to ship more narcotics into the U.S.

However, in the bigger picture there’s also a likelihood the CCP would work with their allies in Central American regimes to further weaken the U.S. during a time of increased vulnerability.

In times of war, or severe geopolitical confrontation, exploiting a vulnerability is a common strategy.  Therefore it’s a smart and prudent geopolitical move for President Trump and U.S. military to take very aggressive action against the cartels and their communist sympathizers.  There’s more going on here than appears on the surface.

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Admitted or not we are at war with the Red Dragon.  Chairman Xi is cunning and strategic; President Trump is countering.  Keep watching…

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Florida Governor Ron DeSantis was under massive pressure to issue a state-wide stay-at-home order.  Most of the pressure was from political opposition and their allied media… However, there was an aspect to the COVID-19 mitigation that Gov. DeSantis wanted/needed; so today he executed an executive order [document pdf here].

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The Florida order requires all senior citizens and individuals with a “significant underlying medical condition” to limit movements & remain at home. All other Floridians must limit any activity outside their home to obtaining or providing essential activities or services.

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The ADP payroll report shows a drop of 27,000 jobs, better than the forecast drop of 125,000; but many fear the worst is yet to come as millions of people file unemployment claims as a result of the coronavirus shut-down.

A big unknown question surrounds the number of employees that businesses will attempt to keep on the payroll through use of the coronavirus relief funds passed by congress.

The ADP period in the latest report ran through March 12th.  Within that data Goods-producers lost 9K jobs while Services were down twice that much. Small businesses (fewer than 50 employees) were the hardest hit, shedding 90K positions last month; while Large businesses (greater than 500 employees) actually gained 56K jobs; and Medium-sized businesses grew 7K through the March 12th period.

The big question surrounds how quickly small businesses can access the federal relief funds; and whether those businesses will use the incentives to retain their workers.

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Yesterday during the white house briefing on the status of the coronavirus, CNN asked President Trump why he wasn’t being more dramatic and emphasizing the potential downsides to the COVID-19 impact on the nation.  President Trump responded:

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[Hat Tip Carpe Donktum for the video recap]

One of the many things that makes President Trump valuable during this crisis is his non-political authenticity. We can see and feel President Trump’s desire to get through this challenge, hold our people together, and exit even stronger than before.

No decisions are easy and the pressure is enormous; yet inherently most Americans know what President Trump is trying to do is deliver the best possible outcome for our nation.

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U.S. Treasury Secretary Steven Mnuchin has announced that small businesses (0 to 500 employees) and sole proprietorships can start applying for the coronavirus relief funds on April 3rd.  One week later, April 10th,  self-employed individuals, 1099 contractors and s-corps can apply.  [Visit SBA.gov/coronavirus]

[pdf link available here]

WASHINGTON – Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need.

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Earlier today President Trump re-emphasized a point he has made previously; with near-zero interest rates, now is the time to consider a $2 trillion direct infrastructure program to rebuild U.S. roads, highways, airports, bridges, tunnels and technology networks.

The U.S. dollar is in high demand as countries and international investors seek the security of U.S. bonds.  As a result, the value of the dollar is high – which has the negative impact of making our exported products more expensive.

However, this investment demand scenario provides an opportunity to sell bonds, take investment dollars with near-zero interest, and then use the funding to work on internal economic expansion offsetting the challenges of a high dollar value on exports.

President Trump clarified at his press conference today the objective of an infrastructure bill would be based on real, substantive improvements; and he would not support any investment toward the ridiculous schemes within the green new deal.

America First !

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MyPillow founder Mike Lindell has shifted the majority of his U.S. manufacturing plants to generate 50,000 healthcare masks per day.   During his announcement at the White House Mr. Lindell shared a hope that Americans will revisit their faith and embrace God and hope during their time at home. The media went absolutely bananas.

Today Mr. Lindell explains why he told people to pray during their time in isolation amid the coronavirus pandemic.  Mike Lindell is buckets of awesome.

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As more essential service outlets start to become overwhelmed at the stress upon their food delivery operations; and with more food store employees necessarily absent due to the coronavirus spread; regionally, the food supply chain will becoming more dependent on food bank distribution.

If the virus spread continues at current pace, some regional supermarkets with multiple locations will likely begin targeted shut-downs by retreating and disbursing available healthy (non-infected) employees on a store-by-store basis.  The potential for this issue is most likely to first originate within urban communities; and then outflow.

This reality is starting to become more evident in localized communities, and a distribution center in the greater Pittsburgh, Pennsylvania, area gives a great example of what could become increasingly common across the nation.

Approximately 1,500 cars line up to receive essential food products from the Greater Pittsburgh Community Center.  The capacity was anticipated around 1,700 at the beginning of the three hour event. 1,500 cars were in line before it began.  [Video Story]

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An executive order [Full pdf Here] from Virginia Governor Ralph Northam requires all residents of Virginia to remain in lock-down until June 10, 2020.  Virginia is essentially shut down for three months…. But don’t forget to pay your taxes comrades.

RICHMOND—Governor Ralph Northam today issued a statewide Stay at Home order to protect the health and safety of Virginians and mitigate the spread of the novel coronavirus, or COVID-19. The executive order takes effect immediately and will remain in place until June 10, 2020, unless amended or rescinded by a further executive order.

The order directs all Virginians to stay home except in extremely limited circumstances. Individuals may leave their residence for allowable travel, including to seek medical attention, work, care for family or household members, obtain goods and services like groceries, prescriptions, and others as outlined in Executive Order Fifty-Three, and engage in outdoor activity with strict social distancing requirements.

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