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Why orange juice prices are soaring on global markets

https://www.bbc.com/news/technology-52030133
Believe it or not this article has to do with corona virus. This article though looked at its impact on the global scale specifically in the orange juice market. We took a look at how the prices are up 20%. There was multiple contributing factors the main factors revolving around the demand for the "immune boosting drink",  the number of workers available, and the space available on shipping vehicles.

This article relates back to the macroeconomics class as we look at the current state of the economy as a whole. We begin to see this reflect on the market and see this inflation on all the prices. This   does not gives us a glimpse into the future of the prices of these products though. This is due to the fact that these prices are just for the producers to stay relevant and afloat in the time of need. overall, this was a relating article to this class.

Harper, Justin. “Why Orange Juice Prices Are Soaring on Global Markets.” BBC News. BBC, March 26, 2020. https://www.bbc.com/news/technology-52030133.

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Unprecedented spike in weekly jobless claims is just the start, as unemployment is set to double
https://www.cnbc.com/2020/03/19/unprecedented-spike-in-weekly-jobless-claims-is-just-the-start-as-unemployment-is-set-to-double.html
This article is a very recent one and again has to do with the affects of the ongoing corona virus. This article by Patti Domm speaks on the workforce in terms of what is happening when looking at unemployment. The main premise spoke upon predictions for the future and she believes there will be a double rate of the 3.5% rate of unemployment back in February, a very scary thing to hear.  Last Thursday there were  281,00 people laid off alone and that is just the recent amount recorded not to mention many undocumented yet. The spike that occurred was the highest ever not considering natural disasters. This is a crazy fact and a tad bit frightening for what the future has in hold for our economy.
Relating this topic back to our class this has extreme relevance. This relates directly to the assignment we just did on unemployment rates, as it was a big topic in the last chapter we read. This also relates directly to our class as Unemployment was one of the class objectives we were going over and this is in fact just that. All and all, this article relates to macroeconomics as a whole as this unemployment is affecting everyone.

Domm, Patti. “Unprecedented Spike in Weekly Jobless Claims Is Just the Start, as Unemployment Is Set to Double.” CNBC. CNBC, March 19, 2020. https://www.cnbc.com/2020/03/19/unprecedented-spike-in-weekly-jobless-claims-is-just-the-start-as-unemployment-is-set-to-double.html.

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‘I don’t see how we’re going to avoid having a recession,’ says former Fed advisor as coronavirus outbreak persists"

https://www.cnbc.com/2020/03/17/coronavirus-us-may-not-be-able-to-avoid-a-recession.htm
This article was a very shocking one that i did not expect. It was written by Abigail Ng a very good writer. The point taken in this article revolves around the idea that the recession is unavoidable. The initial point says regardless of the $1000 dollars per household coming this will not correct the ecnonmy. This is due to the fact that large cities are all shutting down leading to a very scary sight for these areas. Alongside this with the new restaurant  ban this industry is also taking a massive blow overall hurting the economy more and more. The biggest point stressed in this article though was that its essential the fed and Treasury  find a way to provide liquidity to small and medium enterprises. This will keep the small business from going under.

This article was extremely relevant as it may be of the biggest economic crisis ive ever been apart of where ive been impacted. This also related directly to our macro class as it deals directly with the overall economy. In terms of learning objectives this has a big connection  with GDP as with all these places closing less money is being spent, nobody is making, so this will decrease GDP which is very bad for the economy.

Ng, Abigail. “'I Don't See How We're Going to Avoid Having a Recession,' Says Former Fed Advisor as Coronavirus Outbreak Persists.” CNBC. CNBC, March 17, 2020. https://www.cnbc.com/2020/03/17/coronavirus-us-may-not-be-able-to-avoid-a-recession.html.

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Women’s Unpaid Labor is Worth $10,900,000,000,000
https://www.nytimes.com/interactive/2020/03/04/opinion/women-unpaid-labor.html

This was an actually very interesting article written on March 5th By Gus Wezerek and Kristen R. Ghodsee. This article took a very real topic and put it in perspective. This idea was that women unpaid labor is worth a big pocket of change and we do not pay attention to this. One day in Iceland all the women stopped performing home jobs and began men to try to perform the same tasks. This stunt performed showed us regardless of what you say the tasks women do at home help maintain the smoothness of everything.

Talking back on the class objectives this relates to GDP, but not as it contributes to it directly as there no cash flow involved. Instead we look at what happen in Iceland and begin to appreciate how the home job allows the economy to go smooth and should ultimately be responsible for a stable economy. Alongside this they tried to estimate how much money this work was worth and they estimsted 10 trillion dollars if they were all to be given minimal wage. Lastly, pay is different in each country for women to male , so this is relating back too.

Wezerek, Gus, and Kristen R. Ghodsee. “Women's Unpaid Labor Is Worth $10,900,000,000,000.” The New York Times. The New York Times, March 5, 2020. https://www.nytimes.com/interactive/2020/03/04/opinion/women-unpaid-labor.html.

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US underlying consumer prices rise in January
https://www.cnbc.com/2020/02/13/us-consumer-price-index-rose-0point1percent-in-january-vs-0point2percent-expected.html

This article was Feb 13th of 2020 making this a very recent article for discussion. This article was written by Fedric J Brown a writer for CNBC. The article beings by addressing the notion that the U.S. consumer paid more for rent and clothing supporting the Federal Reserve's idea that the inflation will reach up to 2%. This inflation price can be thanked to the increases in the prices of airline tickets, health care, recreation and education. They then spoke to Fed Chair Jerome Powell and he believes this current state of the US economy is quite fair. Alongside this gas prices dropped after a raise and a slight increase in food prices occurred .

This article was a very interesting one and is excellent when explaining current idea of macroeconomics.  When looking at the course outcome we can see that this states," students
learn how changing money and credit conditions and changes in government tax and
spending policies affect the macro economy." This is a major part of this article as it talks about the change in inflation is occurring . Alongside this we see first hand account of some of the learning outcomes. The most specific one is the third outcome stating Inflation, price stability, real wages and purchasing power. This is because the articles purpose is speaking on the inflation occurring in the US.
Brown, Fredric J. “US Underlying Consumer Prices Rise in January.” CNBC. CNBC, February 13, 2020. https://www.cnbc.com/2020/02/13/us-consumer-price-index-rose-0point1percent-in-january-vs-0point2percent-expected.html.

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The US manufacturing sector is not doing so well. In December this industry  has reached its lowest point since June 2009. Regardless of this bad news there is still a possibly increase in the near future. This can be thanked to the fact that the we completed a deal with China, Canada, and Mexico. This trade with China will not only benefit the manufacturing industry, but several other industries. Alongside this it was noticed that more suppliers are passing on increase of tariffs. Overall, there is a positive future for this market.

This relates directly to this macroeconomics course. The main points of this course revolve heavily around  the economic forces that determine the overall level of employment, income, prices and economic growth. The article contains all of these aspects. First and foremost the article speaks on an economic low in the manufacturing industry. Connecting this to the macroeconomic aspect one must wonder why these prices have fluctuated so heavily. It is believed that the trade tension occurring is resulting in a downfall in this industry. Alongside this the employment in this industry has fallen 1.5 an astonishing fact. This in turn has resulted in a price index jump of five points. The spending in this industry should steady soon as we have created deals with countries such as China, Mexico, and Canada. Most importantly China gives us a very good outlet from our economic stand point. The global trade has been the main issue for this entire problem. Alongside this suppliers are passing on increased cost due to tariff. This means that economic growth in the manufacturing industry is slowing down.  An analyst believe this issue can be stemmed to a trade policy uncertainty and tariffs, along with a strong US dollar.

Afp. “US Manufacturing Slows Sharply in December: ISM.” The Economic Times. Economic Times, January 3, 2020. https://m.economictimes.com/news/international/business/us-manufacturing-slows-sharply-in-december-ism/articleshow/73090029.cms?_gl=1*1qu6eei*_ga*YW1wLVZkMHdkUWQxWnVaOWRoNGNlOEtLeEZLM3pGMnNhQlczM0VtZDE2VEF2TzQybXVsNG55OHZoNEUxbExfUkp4WFc.

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ndustry has fallen 1.5 an astonishing fact. This in turn has resulted in a price index jump of five points. The spending in this industry should steady soon as we have created deals with countries such as China, Mexico, and Canada. Most importan