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Column 1:
Picture of "Meh"
Column 2:
Article from CNN
Column 3:
Picture of Wall Street
Column 4:
Graph of Infection Rates
Column 5:
Picture from Money Strands

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I have started nannying 3 kids 5 days a week which can be a lot to handle sometimes but it's nice to have somewhat of a routine. The picture I chose is how it can feel with the responsibility of finishing school and watching kids.

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This article puts a new perspective on the continuing unemployment decline in the United States today. The bar graph shows clearly how the number of unemployment claims has already passed those created after the Great Depression. For me, this article reminded me to think outside of just what I know, and that while I am blessed to still have work, and my parents still have work, others across the nation are not so fortunate during this time.

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Employment, while affecting a wide scale of things today from personal lives of those unemployed to the demand curves as mentioned in Column 3, has a demand curve of its own. As shown in the graph below, the closures of many companies and stores (temporarily or permanently) has decreased the demand for labor.

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Column 1:
Multitasking photo

Column 2:
Unemployment article and graph

Column 3:
Unemployment political cartoon

Column 4:
Employment demand curves graph (from padlet search)

Column 5:
Statue with mask photo

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It helps us to pay attention to the many things Coronavirus is affecting right now, because these are the things we will remember forever. We have all studied the Great Depression and the 2008 recession, and in the future people will learn about and study what is going on today. Being aware also helps us today so that we are not ignorant about the world around us.

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Regardless of the direction that movie theaters have to take in the future, there's a very good chance that a good portion of everyday people are going to face struggles. If Trump changes the regulation, that could allow for monopolies on where films are seen (you can only watch Disney movies at the Disney theater, and so on). However, if movies are pushed more to streaming (which is genuinely enticing to families looking to save money and stress), this could likely lead to many theaters closing and many more people becoming unemployed at a time where unemployment is skyrocketing. All of these "related methods" of attracting potential consumers during and after COVID-19 is done could pull enough demand away from movie theaters that their reign as the dominant method to view new movies could potentially end.

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Who knew isolation and a movie buff work so well together?

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Who knew isolation and a movie buff work so well together?

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This long period of isolation has given me the opportunity to relax by watching a bunch of dramatic and/or depressing movies. One of those films is Christopher Nolan's The Prestige. While watching the film, I noticed the subtle aspect about shifting demand curves in the "magician" service market. As Borden (Christian Bale) develops a one-of-a-kind trick that people want to see, Angier (Hugh Jackman) finds trouble drawing crowds. I recognized this as the "related goods (or in this case, services)" determinant of demand!

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Column 1:
The Prestige image

Column 2:
TIME article
Theater sign image

Column 3:
Coronavirus moviegoer image

Column 4:
Markets Insider graph

Column 5:
Corona world image

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As this Time article from about a month ago shows, theaters were already expecting a big drop in ticket sales after 2019 was filled with massive remakes and conclusions to years-long franchises. However, with COVID-19 taking out the Chinese market before February could even begin, only to be followed by nearly every major tentpole for the next 3 months being delayed or sent to streaming/VOD, theaters now had plenty of reasons to be afraid. The fear has led to Donald Trump considering terminating regulations that disallowed studios from purchasing theaters in attempts to shield some chains from going under.  Even when theaters reopen soon, without main blockbusters for the next month or two, it could lead to a change in the movie industry as a whole.

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We all know it, but they don't want us to REALLY know it

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We all know it, but they don't want us to REALLY know it

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It looks like studios have refused to give real-time data for how bad theaters are doing (what a shock), but I managed to find a graph from Markets Insider that compares the domestic theater box office receipts with previous years, and it is terrible. With demands this low, companies are having to come up with unorthodox methods of releasing their films, which could lead to those same companies becoming hesitant to going back to theaters after everything is done.

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A typical piece of advice to people struggling to grasp a concept is to view it through the lens of one of their interests or passions, as that can help connect the dots. As a result of coronavirus, no one looking to study a little more about economics has to look far to see it's effects. From food service to government legislation to media and sports, every aspect of life has been affected by this pandemic, so there's much to learn from any one of them!

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These couple of weeks have been relaxed enough. I have gotten the chance to catch up on work for a lot of my classes and get into a new routine. I also discovered a couple of trails throughout Tyler to run when I need to exercise. Honestly, I am glad for the alone time, but I am ready for things to get back to normal.

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US Stocks are unmoved despite unemployment

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US Stocks are unmoved despite unemployment

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CNN's live update reports the stock market finishing mixed on Thursday with the Dow recording its second gain in a row, S&P 500 finishing down 0.1% and the Nasdaq composite remaining the same. Tech giant, Intel, reported revenues from the company's data center group were up 43% to $7 billion during the quarter. As for other firms, demand in the second half of the year remains uncertain.

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By CNN Business

Updated 8:00 a.m. ET, April 23, 2020

Stay-at-home orders are boosting pizza sales.

Domino's ( DPZ) reported that sales at US restaurants open at least a year jumped 7.1% between March 23 and April 19 according to preliminary estimates, compared to the same period last year.

In the first quarter, that figure was just 1.6% year over year.

"Domino's is in a very strong financial position," CEO Ritch Allison said in a statement discussing the results. "I have great confidence in our people and our ability to manage through this crisis, and I remain optimistic about the long-term potential of the Domino's brand."

But, he noted, the future remains uncertain.

"We don't know how consumer behavior and restaurant purchasing patterns may evolve coming out of this crisis," he said. The company has pulled its two-to-three year outlook due to those questions, among others.

Economists and investors had been bracing for dismal economic data for April. But the latest readings of the closely watched Purchasing Managers' Index, which surveys senior executives at private sector companies, are gut-wrenchingly awful.

The numbers: The eurozone composite PMI, which tracks activity in the manufacturing and services sectors, hit 13.5 in April, down from 29.7 in March - easily the worst reading since the survey started in 1998.

It's a sign of the extent to which Europe's economy has imploded as shutdowns to prevent the spread of the novel coronavirus hit citizens from Berlin to Paris and Amsterdam. The lowest reading during the global financial crisis was 36.2 in February 2009. Readings below 50 indicate that activity is shrinking.

Welcome to the house of horror," Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics, said in a note to clients.

PMI data from the United Kingdom and Japan on Thursday also turned up the worst declines in business output on record. Data from the United States is due later in the day.

Target ( TGT) sales are soaring as people rush to its stores to stock up on necessities during the coronavirus pandemic. The company said Thursday that same-store sales grew more than 7% for the first quarter. It also had 100% growth in digital orders.

Target noticed "significant changes in shopping patterns" in March with apparel sales declining but food, beverage and other essentials increasing sharply. April is following March in being a strong month for the company, with sales increasing 5% compared to last year.

CEO Brian Cornell said Target is "seeing record-setting digital growth, strong demand for our same-day fulfillment services and broad market-share gains across each of our core categories."

Target shares are flat in premarket trading.

The New York Stock Exchange might reopen in phases after May 15, two sources who were on a conference call with NYSE Chief Operating Officer Michael Blaugrund told CNN Business. The sources also say the timing could change.

Blaugrund was speaking with NYSE employees, heads of firms and brokers on the 40-minute call. He said when the floor does open, there will be a reduced head count on the floor and social distancing guidelines will be followed, according to the two sources.

The NYSE closed its trading floor in March temporarily and shifted to fully electronic trading to prevent the spread of coronavirus. The move came shortly after the NYSE sent an update to traders informing them that two people - a member of the trading floor community and an NYSE employee - tested positive for the virus.
Read more here.

Here's where futures stand at 6:20 am ET:

Dow futures are up 31 points, or 0.13%

S&P 500 futures rose 0.24%

Nasdaq Composite futures moved 0.14% higher

European markets are mixed: The CAC 40 is higher by 0.42%, while Germany's DAX is off 0.09%. Shares in London FTSE 100 are unchanged.

Asian markets finished mixed: The Nikkei 225 gained 1.52% and the Hang Seng rose 0.35%. The Shanghai Composite lost 0.19%.

South Korea's economy just recorded its most severe contraction since the 2008 financial crisis as the coronavirus pandemic weighed on consumer demand and exports. And the worst may not be over.

Asia's fourth-largest economy shrank 1.4% in the January-to-March period compared to the fourth quarter of 2019, according to an estimate released Thursday by the Bank of Korea. The decline was slightly better than what analysts polled by Refinitiv expected, but still the worst in more than a decade.

The economy still grew by 1.3% when compared to a year earlier. But the rate of growth was slower than the 2.3% growth that the fourth quarter experienced year-on-year.
Read more here.

The deluge of Americans filing for jobless claims isn't over. Another 4.2 million claims for first-time unemployment benefits are expected to show up in today's economic data.

That would bring the total number of claims to more than 26 million over the past five weeks.

Since mid-March, 22 million Americans filed for benefits, accounting for roughly 13.5% of the nation's work force, as businesses shut down to limit the spread of coronavirus.

While talk of reopening the economy is growing and some states are beginning to loosen restrictions, companies continue to lay off and furlough their workers. Consumer behavior and demand has changed, and economists don't expect people to revert to old habits even after shelter-in-place orders come to an end.

The hospitality and travel sectors, for example, are likely to be affected far longer than other sectors, and those jobs are unlikely to bounce back.

As if the coronavirus crisis wasn't enough, oil markets have broken down this week. Prices for the commodity are now so low that hundreds of oil companies could go bankrupt, eliminating even more jobs in a reeling US economy.

The US Department of Labor will report jobless claims for the week ending on April 18 at 8:30 am ET.

US stock futures are slightly higher. Follow here.

Domino's (DPZ) and Intel (INTC) report earnings; initial US jobless claims report at 8:30 am ET

CNN Business created a Coronavirus Markets Dashboardto help you track the stocks, sectors and indicators that are most affected by the pandemic.

Welcome to the house of horror," Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics, said in a note to clients.

Read more here.

Read more here.

The US Department of Labor will report jobless claims for the week ending on April 18 at 8:30 am ET.

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stock market news today: dow and s&p 500 updates - cnn

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Stock market news today: Dow and S&P 500 updates - CNN

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By CNN Business Updated 8:00 a.m. ET, April 23, 2020 Stay-at-home orders are boosting pizza sales. Domino's ( DPZ) reported that sales at US restaurants open at least a year jumped 7.1% between March 23 and April 19 according to preliminary estimates, compared to the same period last year.

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We see here the rate of infection displayed in six of the hardest hit countries. The United States looks to be the worst at this point, considering we are not even to the peak yet.

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When we are in a situation like the one now, the most important part you can control is your personal finances. Saving is necessary, but do not be too distracted from the fact that this might be a great investing opportunity for a portion of that stimulus check.

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As more and more people are becoming unemployed, the income for families is also steadily decreasing. This effects the demand curves for many things, but especially for nonessential goods and services due to families trying to save money for the essentials with what little they have.

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I could be better, but I'm good considering circumstances

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I could be better, but I'm good considering circumstances

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Since I've been home from college, I've been using my newly-found free time to my advantage. While it has been boring for the most part, I'm glad that I've had more time to do the things that i want to do. I've been able to catch up on schoolwork, exercise, and make plenty of playlists. I do miss my life before quarantine, however I'm trying to make the best out of it.

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This article explains that most airline companies have taken a big hit due to the corona virus. With airline restrictions, stay at home orders, and fear of flying from a large portion of the population, fewer people are choosing to fly. Airlines are losing money fast, and this reality is only getting worse as time passes, and the virus continues to spread.

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Currently the government is taking steps to lessen the financial burden by administering a total of 50 billion dollars to help keep major airlines in business. While this is enough money to keep major airlines afloat for a little while, the bill was not designed to help smaller companies. This lack of help for smaller carriers will leave small cities that rely on regional carriers with no means of long-distance travel, and not to mention a loss of jobs for those employed by regional airlines.

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Five airlines in the US have announced that they will be ceasing service on eight air routes with no carrier to take their places, severing the air link entirely.

Among the airlines scaling back service with no replacements are JetBlue Airways, Alaska Airlines, Frontier Airlines, American Airlines, and United Airlines.

Secondary cities throughout the country will be the most largely impacted.

Visit Business Insider's homepage for more stories.

Airlines frequently leave routes citing factors like unprofitability, lack of available aircraft, and better opportunities elsewhere.

Even seemingly popular routes can be dropped if the airline determines that the aircraft can be used more strategically in a different market.

Routes between major cities typically have more than one airline flying on them but routes to secondary cities may only have enough demand for one carrier to operate service. Those secondary routes to less profitable markets run the risk of disappearing completely should a network change be made by a major airline.

So far in 2020, five airlines have plans to cease service to cities on routes that will disappear once the service ends, severing air links completely with some airports losing commercial air service completely.

Take a look at which routes airlines will say goodbye to in 2020.

Between New York and Oakland, California.

JetBlue Airways will be closing its route between New York and Oakland, California, a route started in 2001, on April 29 as it completely divests from the airport, the airline announced in January.

Oakland served as a more cost-effective alternative to San Francisco International Airport when JetBlue was in its infancy, though the low-cost airline eventually began serving San Francisco's main gateway.

Service to the Bay Area on JetBlue after April 29 will be offered either via San Francisco or San Jose.

Between Boston and Oakland, California.

JetBlue will also be ending its seasonal service between Boston and Oakland, California on April 29 with the airline opting to connect Beantown and the Bay Area via airports in San Francisco and San Jose instead.

Oakland was one of JetBlue's first West Coast destinations that it opened from Boston, launching the route four years into its operation in 2004, Oakland Airport records show.

Between Sacramento, California, and Kona, Hawaii.

Alaska Airlines will be closing a route between Sacramento, California and Kona, Hawaii in mid-March, Routes Online reported, which it had been operating since 2018.

Alaska will also be canceling service between Sacramento and Kahului, Hawaii leaving only Hawaiian Airlines and Southwest Airlines on the route, and San Francisco and Kona, after which United Airlines will take over as the sole carrier on the route.

The route cancellations come as low-cost carriers Southwest Airlines and Sun Country Air continue to offer low fare connections between the mainland and the 50th state. At the time of Alaska's departure from the route, Southwest Airlines will be offering connections from Sacramento to Honolulu and Kahului.

Between Denver, Colorado, and Mobile, Alabama.

Frontier Airlines will end its route between Denver and Mobile, Alabama, according to the Mobile Aviation Authority, with the airport stating that Frontier sought to apply its aircraft toward larger markets.

The route will cease to operate on April 22, with Mobile Downtown Airport losing its only commercial airline.

Between Denver, Colorado, and Tyler, Texas.

Frontier Airlines will also be ceasing service between Denver and Tyler, Texas, KLTV News reported, leaving the east Texas airport with only one commercial air link.

Frontier began flying to the city in 2019, ending the route just under a year since it started.

Between Houston, Texas, and Dayton, Ohio.

United Airlines is dropping its nonstop link between Houston, Texas, and Dayton, Ohio on March 27, The Points Guy reported.

The two cities are currently connected with daily service operated by United's regional brand, United Express, on 50-seat Embraer E145 aircraft.

Between Newark, New Jersey, and Akron, Ohio

United Airlines will also be ending a regional route between Newark, New Jersey, and Akron, Ohio, according to Cleveland.com, at the end of March.

The route is currently operated using the 50-seat Embraer E145 aircraft on a daily basis, with the next nearest airport for passengers to access from Newark being Cleveland, Ohio.

Between Philadelphia and Williamsport, Pennsylvania.

American Airlines will be closing one of the shortest routes in its network between the Pennsylvania cities of Philadelphia and Williamsport, according to Routes Online. The 112-nautical mile route will be replaced by a new link to Charlotte, which will also be operated by American Airlines.

More: Features Planes BITranspo CT Visual Features

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8 routes in the US airlines are severing in 2020, leaving no air link between the 2 cities

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Five airlines in the US have announced that they will be ceasing service on eight air routes with no carrier to take their places, severing the air link entirely. Among the airlines scaling back service with no replacements are JetBlue Airways, Alaska Airlines, Frontier Airlines, American Airlines, and United Airlines.

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This graph depicts the sharp decline in travel from airports in the U.S. throughout the month of March 2020. We went from having 2.5 million passengers flying daily to a mere 146 thousand within the span of a month.

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Because there are few firms who control the market, there is a higher  importance placed on those few firms. These bigger firms have been deemed necessary to stay afloat (despite the sharp decrease in people flying) by the U.S government, while the few small airlines are left to close, or face bankruptcy. While this may not seem like a big deal to most, this problem may ultimately lead to lost jobs, and more difficult travel situations for people in small areas.

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Images
John Oliver and Monopoly Capitalism - American Delusions

americandelusions.com

Images may be subject to copyright.

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Please click here if you are not redirected within a few seconds. Images John Oliver and Monopoly Capitalism - American Delusions americandelusions.com Images may be subject to copyright.

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column #1: Orange gif

column #2: Forbes site
Empty airport picture

column#3: Information on why small airlines may go under
Picture of regional airport

column #4: Graph of declining flyers in the U.S.

column #5: Circle chart of airline market share

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Stocks are one of the key components or our economy. Seeing that the Nasdaq composite is remaining pretty constant, it gives some hope to investors and individuals who have a significant stakes in certain businesses. If we can flatten the infection curve, I have no doubt consumer confidence will increase and the market will respond.

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As more and more people are becoming unemployed, the income for families is also steadily decreasing. This effects the demand curves for many things, but especially for nonessential goods and services due to families trying to save money for the essentials with what little they have.