U.S. Retail Sales Suffer Biggest Plunge on Record: Live Updates

[mobeau69]

RIGHT NOWThe Commerce Department’s preliminary report showed retail sales in March dropped 8.7 percent.

https://www.nytimes.com/2020/04/15/business/stock-market-covid-coronavirus.html

[doc03]

2. That's all? There is nothing open but food stores, Rural King, Walmart

and Lowe's around here.

[progree]

6. They explain:

Even those bleak figures don’t fully capture the economic deep freeze. Most states didn’t issue shutdown orders to nonessential businesses until late March or early April, meaning data for the current month could be worse still.

But even then, I'm surprised.

Note that the jobs figures were unexpectedly not super-bad for March (down 701,000) that came out Friday April 3 -- but the explanation is that they have a sample week that includes the 12th of the month -- so that sample week was before most of the big shutdowns. I'm wondering if they don't have something similar for retail sales -- some sample week rather than actually adding everything up for the whole month.

[doc03]

9. The lock down started March 16 in Ohio

My luck I picked up a new car on Saturday 14th that next week everything is closed. I have a new car and nowhere to go.

[beachbumbob]

3. the FED will pump in trillions more, can't have business have actual losses right?

[mobeau69]

4. A lot are small mom and pop operations.

What a fucking mess. The call came but he was on the shitter tweeting.

[beachbumbob]

7. no adult supervision and this is what we can expect until Jan 2021

[uponit7771]

8. Trump is still trying to pump up the market with his May opening