Today’s Top Stories: April 23, 2020
Sorry, there is no video today. The kids are driving me nuts with all their “school work” and “technical support” issues.
Today’s Top Stories is brought to you by My Daily Grind News.
Coronavirus update:
2,649,680 confirmed infections, up from 2,593,129 yesterday.
184,643 confirmed deaths, up from 179,725 yesterday.
Relevant COVID-19 stories:
- Will We Ever Return to Normal?
- Apple and Google will release COVID-19 contact-tracing tools next week
- How Discover Financial moved customer care home and plans for post-COVID-19 new normal
Politics:
- House set to pass measure that replenishes coronavirus aid program for small businesses
- GOP sounds alarm bell over coronavirus-fueled debt
Economy Update:
Jobless claims rise another 4.4 million bringing the total since the economy shut down to over 26 million.
The official unemployment rate is 4.4 percent, but that’s as of April 3, 2020, largely before all the bad jobless claims came in. Look for a major uptick in that rate next time it comes out on May 8.
The Dow is up nearly 300 points in the mid- to high-23k range.
Upcoming economic reports this week:
- Tuesday – Existing home sales. Current: 5.27 million, Previous: 5.76 million, DOWN half a million.
- Thursday – Weekly jobless claims – up another 4.4 million to over 26 million in a month
- Thursday – New home sales
- Friday – Consumer sentiment index
Source: https://www.marketwatch.com/tools/calendars/economic
Relevant Economy stories:
- U.S. oil prices surge over 25% as traders point to escalating Middle East tensions
- Macy’s, Kohl’s, Gap to furlough majority of their workers
Check out Gig Economics–Learn how to thrive in the gig economy. Don’t ever be that cube monkey again!
Offbeat Story of the Day:
“Florida man…” – Creep Collared For Using His Hands To “Talk” To Female Walmart Shopper
A man arrested yesterday for twice grabbing the rear end of a female Walmart shopper explained to Florida police “that is how he talks to women,” according to a court affidavit.
Cops say the 29-year-old victim was walking through a Walmart in Largo, a city outside Tampa, when she noticed Juan Antonio Velez was following her. At one point, the woman told cops, the 6’ 3”, 250-pound Velez “walked up to her and grabbed her butt.
”The victim said that Velez, 30, then continued to follow her. When she got to the self-checkout line, the woman said, Velez again groped her buttocks, prompting her to tell him to “stop it.”
The woman subsequently told Walmart management “she was afraid, so they took her to an office,” a Largo Police Department officer reported.
When police questioned Velez, he reportedly confessed to “grabbing her butt twice and said that is how he talks to women.” Velez, cops say, acknowledged that he touched the victim “prior to making any conversation” with her.
The “entire incident,” police reported, was recorded by Walmart security cameras.
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