The coronavirus pandemic is finally starting to take a toll on one of the economy's most important strengths under President Donald Trump: consumer confidence.
The decline was not as bad as some economists were expecting — consumers were surveyed between March 1 and March 18 — but with more than 3 million people joining the unemployment ranks in just one week this month, that number is sure to drop much further. That confidence could be difficult to recover, depending on the effectiveness of the relief measures pursued by Congress and the administration, economists say.
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US consumer confidence sinks as virus begins having impactWASHINGTON (AP) — U.S. consumer confidence tumbled this month to its lowest level in nearly three years as the impact of the coronavirus on the economy began to be felt. The Conference Board... Duh Ummm, consumer confidence? Why are 'analysts' trying to make sense of this. The economy is currently on hold. Just stop. Butt stawk markit iz rizing uhgain. It ok. Da ritch pepole wiel sav uss i am shure
Source: AP - 🏆 728. / 51 Read more »
U.S. consumer confidence falls less than expected but weakest since July 2017 on coronavirus concernsU.S. consumer confidence fell less than expected in March even as the country grappled with the coronavirus pandemic, which has upended life for Americans.
Source: Reuters - 🏆 2. / 97 Read more »
UK business confidence crashes on coronavirus hit: LloydsConfidence among British companies slumped in the second week of March as the coronavirus crisis gathered pace but before the government shut much of the economy to slow its spread, according to a survey published on Tuesday. Business Confidence crashes or Fear factor hits the roof. Me thinks its the latter. Who has time for Business.
Source: Reuters - 🏆 2. / 97 Read more »
A New Shortage in China’s Coronavirus-Hit Economy: Jobs for Biggest Graduating Class in YearsThe coronavirus pandemic is making a hard situation worse for China’s growing number of job-seeking college graduates, intensifying pressure on Communist Party officials who see steady employment as critical to maintaining economic and social order. 还好年前就签好了工作，今年春招工作是真难找。好多公司都裁员降薪。 应该是好的工作难找，一般的工作没人愿意做而已，大部分毕业生都是眼高手低，能力还需要打磨 Watch many of them come to America to take jobs away from American graduates.
Source: WSJ - 🏆 98. / 63 Read more »
Surfer fined $1,000 for ignoring coronavirus closure in Manhattan BeachA man received a $1,000 citation for surfing in Manhattan Beach on Saturday after he ignored numerous warnings by police and lifeguards cautioning him not to go in the water because of the coronavirus beach closures. Beautiful Expensive surf session
Source: latimes - 🏆 11. / 82 Read more »
Factbox: Sports events around the world hit by coronavirus pandemicMajor sports events around the world that have been hit by the coronavirus pandemic: bread & circuses
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