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andntodityiquiHere is everything the Fed has done to save the economy

https://www.cnbc.com/2020/04/13/coronavirus-update-here-is-everything-the-fed-has-done-to-save-the-economy.html

Summary: This article talk about how the Fed helping United State citizenship since the Covid-19 hit the United State. Example is on March 23 the Fed holding on its balance sheet by more than 2 trillion

Reaction
The United State willing to spend money to the citizen to get through the Covid-19. They know people dealing with hard time right now. All the program they are spending now is about 6 trillion of liquidity to the financial and business system.

relation to class: The reason the fed doing this is to help the citizen and other wide they try to make consumer spending so the stock market not gonna fall of very quickly. This make the economic in the Untied State is little bit better than every other country.

citation:
JeffCoxCNBCcom. “Here Is Everything the Fed Has Done to Save the Economy.” CNBC. CNBC, April 13, 2020. https://www.cnbc.com/2020/04/13/coronavirus-update-here-is-everything-the-fed-has-done-to-save-the-economy.html.

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US payrolls plunge 701,000 in March amid the start of a job market collapse

https://www.cnbc.com/2020/04/03/jobs-report-march-2020.html

Summary: This article talk about how the virus affect United State in March. This is the first time nonfarm payroll drop since September, 2010. The unemployment rate rose from 3.5%-4.4% highest level since August 2017.

Reaction
This virus hit the economy very hard. Everything have to close because the rule of 14 days quarantine. The economy is frozen right now because you can trade. We still have a necessary stuff but everything is sold out because everyone worry about the supply is ran out. Everything have pro and con but right now they can not balance out the pro and the con.

relation to class :
It show how the corona virus hit us in economy. People have to stay home because they can go to work. They could not get pay but the supply is less so the supply is more expensive but we don't have income to buy it. It show how we have to balance out everything. It is talk about how recession and depression in chapter 20.

Citation:
JeffCoxCNBCcom. “US Payrolls Plunge 701,000 in March amid the Start of a Job Market Collapse.” CNBC. CNBC, April 3, 2020. https://www.cnbc.com/2020/04/03/jobs-report-march-2020.html.

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Even with $1 trillion stimulus, hit to economy and employment from virus will be big

https://www.cnbc.com/2020/03/17/even-with-1-trillion-stimulus-hit-to-economy-and-employment-will-be-big.html

Summary: This article talk about how the government gonna spend 1 trillion dollar. They gonna spend 500 billion for direct payment, 300 billion in small business aid, 100 billion in industry. $500 billion to $550 billion in direct payments or tax cuts; $200 billion to $300 billion in small business assistance.

Reaction
It is a great ideal how the president of the United State help citizen. It help a lot of people get through the hard time right now. The corona virus had a huge impact to industry not only for American people but to the whole world. I think American is only country in the whole world can do that for citizen. They don't care about tax or anything but they worry about citizen first.

Relation to class :
it show how country have stronger economy have different way to help that country get through corona virus. For example: United State help people through money but in Vietnam they don't have enough money so the military have to support citizen with food and supply. This is just one of the country I know so far.

Citation:

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Cathay Pacific expects 'substantial loss' this year

https://www.bbc.com/news/business-51813478

Summary: Cathay Pacific is a airline company from HongKong and they lost 170 millions HK dollar because of the Corona Virus. They doesn't have any customer to fight and sometime they have to fight a ghost fight because they does't have passenger.

Reaction
I thought corona Virus only effect on the trading market. I did not expect this effect on airline company because people still have to travel a lot. For me traveling is something necessary because this is the way to make new connection in the world. Because of the corona virus people usually stay at home and try to not going out so they doesn't need to go travel unless something very important. Nowaday technology is keep growing so people really get easy to communication through phone or laptop. This is one of the main reason why the airline company keep going down

Relation to class
Because of the corona virus everything is the market keep going down. Some airline have to close because they doesn't have passenger. Some of the airline chose to continue to keep the business running. Overall the corona virus is bad for the economy because everything from the market is going down. a lot of people doesn't have jobs anymore and they become unemployment because they looking for job to survival. This is what we just learning in chapter 15. Corona virus have a huge effect in unemployed because a lot of people looking for job but the jobs is less than what they really need.

Citiation: “Cathay Pacific Expects 'Substantial Loss' This Year.” BBC News. BBC, March 11, 2020. https://www.bbc.com/news/business-51813478.

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Can technology solve economic disparity ?
Link:https://www.usnews.com/news/best-countries/articles/2020-02-14/technology-is-being-used-to-fight-economic-inequality-in-latin-america

Summary:  people in Central America report such high thriving levels is anyone's guess. people jumped from one job to another, and attracting employees was pricey, time-consuming and guided solely by candidates' salary expectations.Technology alone can't boost economies, say experts, since any innovation requires an adequate policy framework to be deployed. Technology could dramatically improve working conditions for people around the world when it can improve translation services and mediate communication between cultures. Technology has played a key role in helping move developing countries toward sustainable growth, with innovative solutions that promote the welfare of people in those areas.  Whether it’s using solar energy to power villages and generate free Wi-Fi, setting up mobile phone systems to track births and provide healthcare information, or expanding education to underserved children through digital means, technology has been a critical resource for sustainability.
Citiation: “Can Technology Reestablish Economic Equality?” U.S. News & World Report, U.S. News & World Report, www.usnews.com/news/best-countries/articles/2020-02-14/technology-is-being-used-to-fight-economic-inequality-in-latin-america.

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Harper, Justin. “Coronavirus: Pressure Grows to Re-Open Factories.” BBC News, BBC, 7 Feb. 2020, www.bbc.com/news/business-51353501.Coronavirus: Pressure grows to re-open factories

link: https://www.bbc.com/news/business-51353501

Summary:
But it seems that it is still too early to assess the impact of the epidemic. Because the epidemic is at risk of losing many jobs and driving consumer prices up, the impact may exceed those forecasts. 290 million Chinese immigrant workers will be the hardest hit. Many of them have migrated from the countryside to cities to do construction jobs, or heavy production but low wages, or simple labor. But as many factories are shutting down due to the epidemic, millions of workers may find it difficult to find jobs after the Chinese New Year. The authorities in Beijing pledged more support to reassure investors.The Central Bank of China, in a joint statement with other government agencies, said businesses in the region heavily affected by the corona virus epidemic, including companies that supply medical supplies. , can be reduced lending rates.Banks in China also said they would extend the loan for several months with people in Wuhan in particular and Hubei province in general if they lost income.
Citiation: Harper, Justin. “Coronavirus: Pressure Grows to Re-Open Factories.” BBC News, BBC, 7 Feb. 2020, www.bbc.com/news/business-51353501.

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Summary: This article talks about how in November the manufacturing output of the general motor has risen around 1% in November but they failing in October. Overall the manufacturing is kept rising 12.4% from product vehicle only. This rising help Americans gain 11% in the total economy after been weakened 17-month trade war. The United Auto Workers finally have 4 years deal with labor from General Motors in late October. It helps 46,000 workers have jobs

Reflection:This move is a very good move for United State because it helps the US bring worker her and make the manufacturing of general motor keep rising. The United state needs companies to do more of things like this to bring the worker to the United State to create more income and percent keep rising to become a stronger country. This is a thing must do after we have been weakened 17-month of a trade war with china

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U.S. manufacturing output rebounded more than expected in November, as the end of an almost six-week strike at General Motors plants boosted auto production.

The Federal Reserve said on Tuesday that manufacturing production rose 1.1% last month after a downwardly revised 0.7% fall in October. Industrial output also rose 1.1% in November after a downwardly revised drop of 0.9% in October.

Excluding motor vehicles and parts, overall industrial production and manufacturing output in November rose 0.5% and 0.3% respectively.

Economists polled by Reuters had forecast overall manufacturing output would rise 0.7% and industrial output would increase 0.8% in November. Production at factories still fell 0.8% in November on a year-on-year basis.

The United Auto Workers union reached a new four-year labor contract with General Motors in late October, ending a strike by about 46,000 workers with the No. 1 U.S. automaker.

The Fed's measure of the industrial sector comprises manufacturing, mining, and electric and gas utilities.

There was a 12.4% jump in the production of motor vehicles and parts in November. Overall, production rose 2.1% for consumer goods and 1.7% for business equipment, the Fed said. Utilities output increased 2.9% compared to a decline of 2.4% in the previous month.

The manufacturing sector, which makes up about 11% of the U.S. economy, has been weakened by a 17-month trade war between the United States and China.

Last Friday, the world's two largest economies announced a "Phase one" agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of American farm goods.

With overall industrial output rising, capacity utilization, a measure of how fully firms are using their resources, increased 0.7 percentage point to 77.3% in November from a downwardly revised 76.6% in October.

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US manufacturing production rose more than expected in November

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U.S. manufacturing output rebounded more than expected in November, as the end of an almost six-week strike at General Motors plants boosted auto production. The Federal Reserve said on Tuesday that manufacturing production rose 1.1% last month after a downwardly revised 0.7% fall in October.

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Summary: apple and every teach company try to pledged 1 billion because they believe Affordable housing means stability and dignity, opportunity and pride.They will pay 1 billions for people have a low income price and help people get a better life in LA. The result is that in a state famous for nurturing innovative ideas in garages, a number of people have been living in their vehicles because of the high cost of rent.
Reflection: I think every state should do it because It help the benefit of the company and the living of people. It help the society better and make the country stronger. The value of the money gonna grow up. Peoples doesn't have to suffering with house anymore instead focus more in the work so help the country growing

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Apple is pledging $2.5 billion to confront California's housing shortage, in a bid to help ease a crisis that's blamed for marginalizing people in service and support jobs and creating a spike in homelessness.

"The sky-high cost of housing - both for homeowners and renters - is the defining quality-of-life concern for millions of families across this state, one that can only be fixed by building more housing," Gov. Gavin Newsom said in an Apple news release. "This partnership with Apple will allow the state of California to do just that."

The announcement comes as California grapples with how to build more than 3 million new homes by 2025, as NPR recently reported about the challenges of keeping pace with growing demand.

Apple's plan includes $1 billion to create a first-time homebuyer mortgage assistance fund, and another $1 billion that will be an open line of credit to support building "very low- to moderate-income housing," the company said.

People who want to own or rent a home in California increasingly face tight supply in high-demand areas. While the crisis has a wide reach, the struggle to find new housing at an affordable price is even more daunting for the millions of people who haven't been able to benefit from the tech boom that has brought billions of dollars of wealth to the state.

The result is that in a state famous for nurturing innovative ideas in garages, a growing number of people have been living in cars. Communities from Los Angeles to the Bay Area have recently been criticized for banning or restricting people's ability to live in cars and RVs.

"Apple is committed to being a good neighbor and helping to write the next chapter of the region that has been a great home of innovation and creativity for generations," said Lisa Jackson, Apple's vice president of Environment, Policy and Social Initiatives.

Some 45% of California residents rent their homes, according to the latest figures from the National Low Income Housing Coalition. It adds that among renters, the average wage is $22.79 - but to afford market rent for a two-bedroom home, a renter must earn $34.69.

Apple's housing aid follows large commitments from other tech giants. Both Facebook and Google have pledged $1 billion in recent months. And in January, Microsoft made a $500 million investment to ease similar pressures near its headquarters in the Seattle area.

Jackson says Apple crafted its approach to match the broad reach of the housing crisis, from helping first-time homebuyers to backing philanthropies that support people who are at the greatest risk of experiencing homelessness.

California's poverty rate has fallen in each of the past five years, according to the latest American Community Survey report from the U.S. Census Bureau. But the state's income inequality rate is also one of the worst in the country, that same report found. And of all the states that had higher-than-average income inequality rates in 2018, California was the only one where the income gap grew even wider last year.

"Affordable housing means stability and dignity, opportunity and pride," Apple's CEO Tim Cook said. "When these things fall out of reach for too many, we know the course we are on is unsustainable, and Apple is committed to being part of the solution."

Here's the company's breakdown of the $2.5 billion in aid:

$1 billion affordable housing investment fund

$1 billion first-time homebuyer mortgage assistance fund

$300 million worth of land Apple owns in San Jose, which will be available for affordable housing

$150 million Bay Area housing fund, consisting of long-term forgivable loans and grants

$50 million to support vulnerable people: Apple is donating $50 million to support Destination: Home's efforts to address homelessness in Silicon Valley, and will look for similar philanthropies in the north and south of the state

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Apple Pledges $2.5 Billion To Combat California's Housing Crisis

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Apple is pledging $2.5 billion to confront California's housing shortage, in a bid to help ease a crisis that's blamed for marginalizing people in service and support jobs and creating a spike in homelessness.

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It’s a Topsy-Turvy World. Can We Make Some Money From That?

Link:https://www.nytimes.com/2020/01/17/business/stock-market.html

Summary: Stock prices tick up and down constantly due to fluctuations in supply and demand. If more people want to buy a stock, its market price will increase. If more people are trying to sell a stock, its price will fall. The relationship between supply and demand is highly sensitive to the news of the moment. This game no one can prediction right 100% every
time. People want to use this way to get rich faster but this way is very risky most of people lost everything because of this.

Reaction: If observed for 3 months, stocks and oil usually continue to rise, contrary to the trend of safe reserve assets. US government bonds and the US dollar usually depreciated gradually during this period, while gold prices did not fluctuate. Apple stock price rose 2.09% after the iPhone maker late on Wednesday announced fourth-quarter earnings that exceeded analyst expectations, despite the company facing the risk of further disruption in China. Boeing shares rose 1.72% after the company forecast the cost of the 737 MAX aircraft being banned from flying is nearly $ 19 billion, less than forecast. The company just reported a loss in 2019, the first time since 1997. Other companies have warned of a potential disruption due to the coronavirus outbreak in China. A Chinese government economist said the country's growth could be reduced to 5% or even lower.

Citation: Schwartz, John. “It's a Topsy-Turvy World. Can We Make Some Money From That?” The New York Times, The New York Times, 17 Jan. 2020, www.nytimes.com/2020/01/17/business/stock-market.html.