Consequences: Is the Cure Worse Than the Disease? (20)

Tomorrow the US unemployment numbers are released and they’re going to be shocking. Tonight’s roll call will get you prepared:

Service Sector Falls Off Cliff in the Eurozone, Manufacturing Not Far Behind

US National Debt Spiked by $1.5 trillion in 6 Weeks, to $25 trillion. Fed Monetized 90%

California expected to experience ‘jaw-dropping’ unemployment

China’s services sector contracts for third month as job losses hit record: Caixin PMI

Disney Suspends Dividend After Earnings Plunge 63% As Theme Parks Close | Zero Hedge

Airbnb To Lay Off 1,900 Employees As Tourism Industry Collapses | Zero Hedge

Knock, Knock. We’re From The Government & We Want Your Family’s Blood | Zero Hedge

A Fifth Of Wendy’s Restaurants Said To Be Out Of Beef As Shortage Spreads | Zero Hedge

US Universities Creating Social-Credit-Style COVID-Surveillance System | Zero Hedge

Thermal Camera System Helps Keep Apartment Residents Safe During Coronavirus Pandemic – CBS Boston

Dallas salon owner jailed for reopening in violation of court order

ADP private payrolls April 2020 drop by record 20.2 million

Layoffs Start Turning From Temporary to Permanent Across America

Apple borrows $8.5 billion, joins record corporate debt borrowing spree – MarketWatch

Sam Zell: Fallout From Coronavirus Will Be “Worse Than The Great Depression” | Zero Hedge

Cuomo: Most new NY coronavirus hospitalizations are from people who stayed home

Fink Delivers Grim Outlook With Tax Hikes for Corporate America – Bloomberg

“Biblical” Wave Of Bankruptcies Is About To Flood The US | Zero Hedge

Thousands Donate To GoFundMe For Jailed Salon Owner Who Stood Up To Judge In Viral Video | Zero Hedge

Nearly 1.5 Million More Tuberculosis Deaths Expected Due To Coronavirus Lockdowns | Zero Hedge

Police Are Complicit In Politicians’ Disregard For The Rule Of Law | Zero Hedge

Lord & Taylor Plans To Liquidate, ‘Going Out Of Business’ Sales Expected As Soon As Stores Reopen | Zero Hedge

Rabo: Voluntary Lockdowns Are Worse Than Official Ones As They Can’t Be Turned Off By Decree | Zero Hedge

Comptroller Warns 1 In 5 Jobs Will Evaporate As NYC Faces Biggest Crisis Since Great Depression | Zero Hedge

America Has Become “The Land Of The Snitches” During This Coronavirus Pandemic | Zero Hedge

Uber Slashes 3,700 Jobs As Lockdowns Crush Gig-Economy | Zero Hedge

Texas Bar Owner, Quarantine Protesters Arrested After SWAT Team Swoops In | Zero Hedge

BoE Warns Of Worst Economic Slump In 300 Years | Zero Hedge

Hispanics are almost twice as likely as whites to lose their jobs amid coronavirus pandemic – The Hour

US weekly jobless claims total 3.169 million, seven-week tally hits 33.5 million

Law Firms Gear Up for Expected Jump in Bankruptcies Triggered by Coronavirus – WSJ

A massive drop in car sales sparks new push in Congress to aid the auto industry

As Restaurants Remain Shuttered, American Cities Fear the Future

ERs See Drop In Cases Of Strokes And Heart Attacks, And Doctors Are Worried : Shots – Health News : NPR

Why Empty Planes Keep Flying Through the Pandemic – WSJ

 

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