• Daily Digest

    Daily Digest 10/29 – S&P 500 Rebounds to Post Biggest Gain in Two Weeks, Exxon to Cut 14,000 From Global Workforce

    by Daily Digest

    Thursday, October 29, 2020, 4:23 PM

Economy

U.S. Jobless Claims Fall As Virus Resurges, Threatens To Weaken Economy (jw)

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March, but it’s still historically high and indicates the viral pandemic is still forcing many employers to cut jobs.

Rising confirmed virus cases in nearly every state, along with a cutoff in federal aid, are threatening to weaken the economy in the coming months. As temperatures fall, restaurants and bars will likely serve fewer customers outdoors. And many consumers may increasingly stay home to avoid infection. Those trends could force employers to slash more jobs during the winter.

Jared Kushner bragged in April that Trump was taking the country ‘back from the doctors’  (BKaral)

In a taped interview on April 18, Kushner told legendary journalist Bob Woodward that Trump was “getting the country back from the doctors” in what he called a “negotiated settlement.” Kushner also proclaimed that the US was moving swiftly through the “panic phase” and “pain phase” of the pandemic and that the country was at the “beginning of the comeback phase.”

S&P 500 Rebounds to Post Biggest Gain in Two Weeks: Markets Wrap

U.S. stocks bounced back a day after their biggest rout in four months, with investors encouraged by better-than-forecast economic data even as they kept a wary eye on growing coronavirus infections.

The S&P 500 Index 1.2%, the most since Oct. 12, after President Donald Trump said he plans “a very big package” of stimulus following the election. The dollar and Treasury yields rose after reports showed a decline in weekly jobless claims and a surge in third-quarter economic growth that reversed much of the pandemic collapse.

Closer than ever: It is 100 seconds to midnight (newsbuoy)

Humanity continues to face two simultaneous existential dangers—nuclear war and climate change—that are compounded by a threat multiplier, cyber-enabled information warfare, that undercuts society’s ability to respond. The international security situation is dire, not just because these threats exist, but because world leaders have allowed the international political infrastructure for managing them to erode.

U.S. Economy Rebounds, But Recovery Remains Far From Complete

WASHINGTON (AP) — The U.S. economy grew at a sizzling 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring, when the eruption of the coronavirus closed businesses and threw tens of millions out of work.

Yet the recovery from the deepest recession since the Great Depression of the 1930s remains far from complete. The Commerce Department’s estimate Thursday of third-quarter growth regained only about two-thirds of the output that was lost early this year when the economy essentially froze as safety orders forced restaurants, bars and many retailers to shut down.

Exxon to Cut 14,000 From Global Workforce Due to Oil Slump

Exxon Mobil Corp. will slash its global workforce by 15% by the end of 2022, an unprecedented culling by North America’s biggest oil explorer as it struggles to preserve dividends.

Moderna rakes in $1.1B on coronavirus vaccine orders

Moderna Inc. has received $1.1 billion in customer deposits for its COVID-19 vaccine, expected to be available next year, as demand surges for a safeguard against the deadly airborne disease that would enable nations around the world to resume more normal lifestyles.

The Cambridge, Massachusetts-based biotechnology company said Thursday its vaccine, developed with the use of messenger RNA science and dubbed mRNA-1273, is now in Phase 3 trials with 30,000 participants in partnership with the National Institutes of Health and the Biomedical Advanced Research and Development Authority.

I fled NYC amid COVID — and it was the worst decision of my life (dtrammel)

When the pandemic hit in March, Zachary Thacher packed his suitcases and joined the record-breaking exodus of city folk leaving town.

“I was feeling cooped up and thought I wanted to have a more rural life that was more in tune with nature,” said Thacher, who gave up his one-bedroom apartment in the West Village in April. “I thought I wouldn’t come back.”

Gold & Silver

Click to read the PM Daily Market Commentary

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”

Related content
» More

21 Comments

  • Sat, Oct 31, 2020 - 3:47pm

    #1

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2134

    7

    Coming to a small town or rural area near you

    https://www.americanpartisan.org/2020/10/rural-folk-beware-the-mass-urban-exodus/

    I would encourage all American Partisan readers to study the two Daily Mail articles linked below very carefully. The millions who are fleeing Paris, and the millions who are preparing to flee London, do not all have standing invitations from rural cousins to come out and stay a while. They have no plan other than “get to the country, then figure something out.” This tweet from the Daily Mail article gives you one idea of an evacuation plan: “Take over a mansion.”

    Now, in the American context, it might not be new and more draconian Covid-19 lockdowns that spurs a rash of mass exoduses from our major cities, it might be civil disorder, looting, riots and widespread arson. In any event, rural folks had better start thinking about ways to stop a flood of angry, frightened, hungry and dehydrated city dwellers who might be arriving in their zip-code on short notice. 

    I’m reminded of a Hurricane Katrina story that was once well known on Arfcom. A fellow in northern Louisiana had told a few prepper friends that they could park their RVs on his small farm. So far so good, but friends told friends, the address was passed around, and soon every square foot of the tract was covered in RVs and tents. It wasn’t long before a power shift occurred, and a “committee” of RV-dwelling perfect strangers marched to the house to demand access to the facilities. The owner of the land was no longer calling the shots, simply by weight of numbers.

    Have a plan to keep this from happening in your AO, even if it means temporarily blocking bridges or other choke points.

    Login or Register to post comments

  • Sat, Oct 31, 2020 - 4:06pm

    #2

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2134

    6

    Jeff Bezos, philanthropist

    Login or Register to post comments

  • Sun, Nov 01, 2020 - 7:02pm

    #3

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2134

    2

    Dramatic number of false positive COVID tests

    Subject: [faculty_send] William & Mary Identifies False Positive COVID-19 Tests

    Dear W&M Campus,

    We write to provide you information about a number of false positive COVID-19 results among the student population. Beginning Friday morning and into that night, William & Mary received more than 20 positive COVID-19 test results from the student census testing, more than we have seen in any previous testing time frame. As results returned, the university initiated its established case management protocol. W&M’s physicians and case managers immediately began contacting those students as well as their presumptive close contacts, supporting them to isolate and quarantine.

    Consistent with our careful review process, W&M staff overseeing testing identified these results as outliers, inconsistent with the other eight days of census testing and not aligned with wastewater results. The university immediately asked both Kallaco Health Technology and Wisconsin Diagnostics Laboratories to perform integrity reviews of the results. Kallaco verified that its reported data accurately reflected the lab results it received. However, after William & Mary requested this review, Wisconsin Diagnostic Laboratories identified a lab error that resulted in 19 false student positives. The tests were repeated by the lab with the original specimens, confirming negative results in 19 cases.

    William & Mary case managers are currently contacting every student in quarantine and isolation housing, both on-campus and off, to affirm their status, and are releasing anyone receiving a false positive result and their presumptive close contacts. Students should remain in quarantine or isolation until they have been cleared. Once contacted, the students whose results were false are free to move back into their residence halls and those off-campus are no longer restricted to their homes.

    The COVID-19 Response Team is grateful for the vigilance of the testing team. Because of the personal attention that is applied throughout W&M’s multilayered testing system, their close scrutiny of the data enabled W&M to alert the lab and confirm accurate results. As intended, the different sources of testing data – from census and from wastewater – enabled the cross-comparison that prompted W&M staff to double check the lab’s results.

    Wisconsin Diagnostics Laboratories is also contacting affected students directly and released this statement: “Wisconsin Diagnostics Laboratories appreciates William & Mary's vigilance and partnership in alerting us of the unexpected positive test results. Through the university's efforts, we were able to swiftly investigate, find the specific issue and adjust our lab processes to mitigate this type of error in the future.”

    In following William & Mary’s safety protocols for isolation and quarantine, we recognize and regret the disruption some students experienced. At the same time, we are grateful for the fast, capable and compassionate response of the quarantine & isolation housing, case management and medical teams – and for the understanding and responsiveness of all the students impacted. The attentiveness and care of the testing team led to a more favorable outcome than what was indicated by the initial results.

    Thank you,

    Sam Jones

    Chair, COVID-19 Response Team

    ‍Accidental or intentional?

    Login or Register to post comments

  • Mon, Nov 02, 2020 - 9:42am

    #4

    sand_puppy

    Status: Platinum Member

    Joined: Apr 13 2011

    Posts: 2476

    9

    Report from the ICU in Richmond, VA

    A nurse friend that I know personally contacted me about an unrelated topic this morning.  She is now working in the ICU of a Richmond hospital.

    She reports a very stressed picture.

    There are currently many COVID hospitalizations in the ICU and many, many deaths.  she advises that 90% of the ventilated patients die.  They use ECMO and CRRT (removing blood via a big vein, oxygenating it, passing it through a dialysis filter and bath, and re-injecting it in to another large vessel.)  Still, with full blast treatment, most die.

    Over half the ICU nursing staff has resigned or transferred away.  Dissatisfaction over infection risk (and risk to their families), inadequate PPE and terrible staffing ratios.

    She has rashes on her face and hands from mask wearing and hand washing.  These are miserable.

    She sees COVID in central Virginia in a surge.

    When COVID is untreated, as it was in these patients, it is too often, a devastating infection.

    Another physician friend in Virginia cared for a young man with COVID lung on chest CT.  Almost the entirety of his lung was destroyed by the disease.  His survival is not yet clear.

     

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 6:37am

    #5

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2134

    4

    Let the shenanigans begin

    This from Denver, November 2.

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 7:10am

    #6
    Chris Martenson

    Chris Martenson

    Status: Platinum Member

    Joined: Jun 07 2007

    Posts: 5448

    4

    More Shenanigans

    Seeing lots of reports cropping up like this:

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 7:18am

    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1044

    1

    It aint a Hoax Folks

    Thanks SP. This is a serious disease. It is not just about the fatality numbers. We will probably not know for quite awhile the damage it will do.

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 7:30am

    Chris Martenson

    Chris Martenson

    Status: Platinum Member

    Joined: Jun 07 2007

    Posts: 5448

    3

    Re: Report from ICU

    When COVID is untreated, as it was in these patients, it is too often, a devastating infection.

    Another physician friend in Virginia cared for a young man with COVID lung on chest CT.  Almost the entirety of his lung was destroyed by the disease.  His survival is not yet clear.

    It doesn't have to be this way.

    I know you know that.

    I'm wondering how many of these very sick people are vitamin D deficient, or were given the choice to take ivermectin + zn + se + HCQ + doxy?

    Untreated this is a very worrisome disease.  Treated?  Not so much.

    These poor suffering people - fodder to grease the rails for the Great Reset is how it appears.

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 7:56am

    #9
    wotthecurtains

    wotthecurtains

    Status: Bronze Member

    Joined: Feb 27 2020

    Posts: 123

    2

    Report from the ICU

    "she advises that 90% of the ventilated patients die."

     

    I know I'm like the little kid interrupting the adults here but does ventilated really mean people are put on ventilators?  Or does this just mean some kind of supplemental oxygen?

     

    This is important for me because I'm interested in just how far the system will go to not incorporate what we have learned since March.  If we have known for months that there is a significant clotting disorder nature to Covid but we still put people on ventilators, I would tend to see that as negligent homicide..

     

     

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 7:58am

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 257

    1

    000 said:

    Long tail report:
    As I have recently had two antibody tests in the same day (due to medical emergence) my antibodies (AB IgG) where > 15 is positive, mine is 53. The long tail is that I no longer enjoy coffee (sadness) because while the taste and smell senses returned, longer term I began to notice what others have reported as the constant smell of "burnt rubber" or similar. By my light it's not an odor so much as it changes the sense of smell indirectly by "affecting the function of supporting cells,” (Sandeep Robert Datta, a neurobiology professor at Harvard Medical School). It's the interpretation of specific smell too. In my case it's the coffee. I thought the French roast was rancid but then the Sumatra had it too. Then I realized it was me! It's very subtle at first. I suspect that individuals will have different smells effected depending on which cells where attacked(?). https://hms.harvard.edu/news/how-covid-19-causes-loss-smell

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 8:43am

    #11

    Jim H

    Status: Bronze Member

    Joined: Jun 08 2009

    Posts: 1221

    1

    Might Nicotinic Acid, aka Niacin, be the Bomb against Covid-19?

    I saw a hint of this data more than a week ago and I have been looking for it since... now found.  The guy who published this appears to be a brilliant, iconoclastic lone wolf type of scientist.  Dot connectors can realize that this information aligns with the highly counterintuitive statistical findings that have associated smoking with protection against Covid-19.  Consider it unverified but super interesting for now - this first paper explains, as per Kats, how Niacin works;

    https://www.researchgate.net/publication/345211310_Emergence_of_a_prominently_auspicious_antiviral_candidate_against_COVID-19_with_both_prophylactic_and_therapeutic_promise_nicotinic_acid_niacin?channel=doi&linkId=5fa0936f299bf1b53e5cd363&showFulltext=true

    Here is the guy's twitter feed;          https://twitter.com/3NTHALPY

    He claims that the preprint sites are censoring his work, and the message of Niacin as a cure.  Best I can tell he has been "publishing" his own placebo controlled study in pieces on twitter;

     

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 9:05am

    #12
    agitating prop

    agitating prop

    Status: Silver Member

    Joined: May 28 2009

    Posts: 493

    0

    Word of advice about piles of bricks

    The Twitter pics of piles of bricks are visually compelling and placed there to evoke a knee jerk response that angles the viewer in a certain prescribed direction.

    Those who don't trust media, shouldn't trust the narrative behind these pics either.  It's a folksy psi-op and Twitter is social media that has to be taken with a grain of salt, as much as MSM, YouRube, (unintentional typo, but hey, it works!) and Facebook.

    For those who state and restate, "question everything," please do that!

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 9:33am

    Redneck Engineer

    Redneck Engineer

    Status: Bronze Member

    Joined: Mar 16 2020

    Posts: 135

    1

    Redneck Engineer said:

    "The Twitter pics of piles of bricks are visually compelling and placed there to evoke a knee jerk response that angles the viewer in a certain prescribed direction."

    Mind reading is a challenging task. I'd be likely to agree with you if you provided solid evidence for motives of these unnamed people, or even circumstantial evidence linking these images to such people.

    The most likely scenario is these are for nearby construction projects. Context is often thrown out in social media, leaving it to readers to provide their own.

    If there aren't such projects, it becomes a guessing game. Better to have evidence to support your claims.

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 9:50am

    stevedaly

    stevedaly

    Status: Bronze Member

    Joined: Apr 23 2020

    Posts: 163

    1

    Bricks on a pallet, better than a mallet

    In some jurisdictions bricks in your backpack are included in the list of weapons prohibited for your peaceful demonstration and subject you to arrest.  Bricks on pallets, not so much.

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 9:59am

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 257

    0

    000 said:

    Note of caution on the Niacin. My medical emergency, I strongly suspect, was oxalosis as I had an old history of kidney stones and for the weeks before the ER visit had been enjoying home made chia pudding, swiss chard, beets (including tops sauted with garlic and olive oil, yum!) boxed salads which are almost half spinach, and other high oxalic (and niacin) foods. Be care full that your Niacin foods are not also high oxalate if thats an issue. Not sure I wouldn't choose covid over rolling around on the floor in the fetal position for 45 minutes, which has a long tail of its own.

    I'll also note that I've purchased Gary Null's "NitricCell Stuff" to supplement for eating less of the foods. Awesome super food. There are other beet powders out there now too.

    Getting "old" is the mother of all teachers.

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 9:59am

    #16

    Jim H

    Status: Bronze Member

    Joined: Jun 08 2009

    Posts: 1221

    1

    Hopeful signs...

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 10:03am

    MarkM

    MarkM

    Status: Gold Member

    Joined: Jul 22 2008

    Posts: 450

    3

    Report from ICU in Texas

    SP, not to contradict your report, but I think a lot of the ICU results are dependent on the specific protocol.

    I have a patient that is an ICU nurse in San Antonio and does teaching rounds in Dallas. She says that they are losing very few in their hospital in Houston. The only ones dying are elderly with comorbidities. I don't know the specific protocol, but it does include methylprednisolone and anti-coagulants. She says that it just not a huge deal at their hospital these days, in the beginning it was horrible for them. Mainly because they did not have an effective treatment regimen in place. She seems very relaxed about the situation.

    She also says that it is very hospital specific. She looked me in the eye and said, "If you get sick, get your ass to Dallas Presby."

    Hopefully, as time goes by, effective treatment will become the norm at all hospitals.

    I really feel for your friend in Richmond. Harsh working environment AND it appears as though your efforts are futile. Very demoralizing.

    I also had a patient, an 87 year old female. She went to the hospital for an unrelated injury and tested positive for Covid. She was told to quarantine and come back if she "got sick". No treatment was recommended. She got sick and went back, but it was too late for her. It is beyond my comprehension that these people test positive and are given no treatment.

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 10:23am

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2134

    1

    Wishful thinking or intentional obfuscation?

    Thanks again for more smoke and mirrors, AP. It seems you throw doubt and shade about conclusions when they make certain actors look bad, but confidently draw conclusions when they make a different set of actors look bad.

    I can confidently tell you that in Philadelphia (for instance) leaving a valuable pallet of bricks or pavers on a city sidewalk or street is illegal unless the builder has a permit. The permit would have to be displayed on the pallet of bricks or at the clearly defined boundaries of the permitted construction zone inside of which the pallet has been placed. There is no context other than that to consider. I can’t imagine the situation would be materially different in any of America’s 200 largest cities. Furthermore, that’s a valuable pile of materials that, in Philadelphia at least, would be stolen in less than 24 hours. No responsible vendor would leave them there like that. Philly Police (for example) routinely respond to 911 calls for construction materials and heavy equipment being stolen from construction sites, even ones with security guards on location. Only a rube from the countryside would leave a pallet of anything valuable on a city sidewalk without construction workers or security guards to guard it. Furthermore, bricks and pavers play no possible role in “peaceful protests.” I can think of three different charges for anyone leaving a pallet of bricks on a city sidewalk and several more if I could prove they were intentionally left for rioters. Proving criminal intent might be easy after serving a search warrant on the vehicle used and the home/business of the driver and whoever s/he might claim to be working for. Those would be felony charges and include serious jail time.

    If those Americans who are vigorously opposed to rioting were to ever give up hope on the police and government putting an end to the riots, they might take a suspicious pallet  of bricks as a hunting activity. All they’d have to do is take up a hidden firing position today and wait for rioters to show up tonight to start picking them off with a simple bolt action hunting rifle. I assume that would be a horrible escalation we’d all like to avoid regardless of our political leanings. Stopping the riots and the invisible enablers behind them is good for everybody. Don’t you agree?

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 11:11am

    #19
    agitating prop

    agitating prop

    Status: Silver Member

    Joined: May 28 2009

    Posts: 493

    0

    thcO655

    "Thanks again for more smoke and mirrors, AP"

    I don't believe I insulted anybody with my comments, so I would appreciate it if you kept your insults to yourself.

    I didn't even arrive at any firm conclusions about the bricks,  just to be aware that we have to question everything, including social media.

    I stopped after your first line and didn't finish reading the rest. If you wish to change minds or have someone open to your opinion, that was a lousy way to start.

    If you are trying to strengthen what you feel is a general consensus opinion with a cheap shot, that's called bullying. I don't feel bullied but am aware of what the intent might be.

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 11:23am

    #20
    Susan7

    Susan7

    Status: Bronze Member

    Joined: Feb 15 2020

    Posts: 91

    0

    CDC says ok to vote with active COVID-19, just let them know you have it

    WASHINGTON D.C, November 3, 2020 (LifeSiteNews) – The Centers for Disease Control (CDC) has told people to vote, even if they have COVID-19 or are in quarantine for the virus.

    In guidance issued on November 1 via the official website, the CDC stated that “Voters have the right to vote, regardless of whether they are sick or in quarantine.”
    ImageScreenshot from www.cdc.gov/coronavirus/2019-ncov/daily-life-coping/going-out/voting-tips.html, accessed November 3, 2020 at 12:30 p.m. ESt
    The guidance continued: “Voters who are sick or in quarantine should take steps to protect poll workers and other voters. This includes wearing a mask, staying at least 6 feet away from others, and washing your hands or using hand sanitizer before and after voting. You should also let poll workers know that you are sick or in quarantine when you arrive at the polling location. Check with local authorities for any additional guidance.”

    Login or Register to post comments

  • Tue, Nov 03, 2020 - 11:30am

    Susan7

    Susan7

    Status: Bronze Member

    Joined: Feb 15 2020

    Posts: 91

    1

    The Dead Are At It Again

    Caught voting in NYC.

    Ballots have been mailed in to the New York City Board of Elections in the name of dead voters,” reports the New York Post.

    Frances Reckhow, who was born in 1915, would be 105 today, and died in 2012, requested a mail-in ballot, filled it out, and returned it.

    Login or Register to post comments