The Covid19 crisis in three charts
The Covid19 crisis in three charts
... And one prediction
In the U.S., the “high-yield” debt crowd (corporations) and hard-hit municipalities are the winners in the Fed’s new $2.3 trillion in loans to stem the damage from the Covid19 pandemic… See also: Investors should ask who will buy all of this new US government debt. (Financial Times)
In other grim news, more than 16 million Americans filed for unemployment in the past three weeks — that’s 10% of the workforce. (CNBC)
Meanwhile, here’s the Covid-19 crisis in three charts (snapshots taken before the news above broke)…
… and one prediction:
TODAY IN…
MEDIA & TELECOM:
Zoom Video Conferencing’s letter from the New York state attorney general is now joined by complaints from Democratic senators (the U.S. Senate has now banned its use), and class actions filed on behalf of consumers and shareholders. All accuse the company of abusing user data while allowing hackers to run amok (New York Times, NPR, Financial Times, Bloomberg, Business Insider)
Hardball: U.S. agencies call for China Telecom’s FCC license to be revoked (Financial Times)
HEALTHCARE TECH:
3D printers finally found their killer app… (Cape Cod Chronicle)
An essential discussion today at 12noon eastern — because signal integrity from the current generation of “wearables” are nowhere near clinical grade…
FINANCE:
The private equity firm that owns office-supply chain Staples extracted $1 billion from the company last year (via a $3.2 billion leveraged loan and other financial shenanigans). It is now refusing to pay rents to any of its landlords 😶 (Axios, Yahoo Finance, Bloomberg)
A survey from the Rock Center for Corporate Governance at Stanford University shows corporate directors overwhelmingly believe (89%) it’s important or very important to consider the interests of non-shareholder stakeholders such as employees and the general public (Global Finance)
PUBLIC POLICY:
Why good health and good privacy should go hand in hand (The Conversation) … See also: Corporate risk and audit committees are actively asking executives to spell out data protection and privacy measures (Wall Street Journal)
Slowdown and Fully Grown — why slower growth may not be a bad thing for rich nations (Financial Times)
And finally… The mass graves of the Covid19 epidemic are underway…
