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Wed Apr 15, 2020, 08:45 AM

U.S. Retail Sales Suffer Biggest Plunge on Record: Live Updates

RIGHT NOWThe Commerce Departmentís preliminary report showed retail sales in March dropped 8.7 percent.

https://www.nytimes.com/2020/04/15/business/stock-market-covid-coronavirus.html

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Reply U.S. Retail Sales Suffer Biggest Plunge on Record: Live Updates (Original post)
mobeau69 Apr 2020 OP
Sherman A1 Apr 2020 #1
doc03 Apr 2020 #2
Sherman A1 Apr 2020 #5
progree Apr 2020 #6
doc03 Apr 2020 #9
beachbumbob Apr 2020 #3
mobeau69 Apr 2020 #4
beachbumbob Apr 2020 #7
uponit7771 Apr 2020 #8

Response to mobeau69 (Original post)


Response to mobeau69 (Original post)

Wed Apr 15, 2020, 08:51 AM

2. That's all? There is nothing open but food stores, Rural King, Walmart

and Lowe's around here.

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Response to doc03 (Reply #2)


Response to doc03 (Reply #2)

Wed Apr 15, 2020, 09:53 AM

6. They explain:

Even those bleak figures donít fully capture the economic deep freeze. Most states didnít issue shutdown orders to nonessential businesses until late March or early April, meaning data for the current month could be worse still.


But even then, I'm surprised.

Note that the jobs figures were unexpectedly not super-bad for March (down 701,000) that came out Friday April 3 -- but the explanation is that they have a sample week that includes the 12th of the month -- so that sample week was before most of the big shutdowns. I'm wondering if they don't have something similar for retail sales -- some sample week rather than actually adding everything up for the whole month.

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Response to progree (Reply #6)

Wed Apr 15, 2020, 01:02 PM

9. The lock down started March 16 in Ohio

My luck I picked up a new car on Saturday 14th that next week everything is closed. I have a new car and nowhere to go.

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Response to mobeau69 (Original post)

Wed Apr 15, 2020, 08:52 AM

3. the FED will pump in trillions more, can't have business have actual losses right?

 

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Response to beachbumbob (Reply #3)

Wed Apr 15, 2020, 08:57 AM

4. A lot are small mom and pop operations.

What a fucking mess. The call came but he was on the shitter tweeting.

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Response to mobeau69 (Reply #4)

Wed Apr 15, 2020, 10:46 AM

7. no adult supervision and this is what we can expect until Jan 2021

 

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Response to mobeau69 (Original post)

Wed Apr 15, 2020, 12:01 PM

8. Trump is still trying to pump up the market with his May opening

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