Author: BigGuy

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Special Report

Stupicide

That is death by being stupid. If you’re a boomer and not in isolation, if you’re not disinfecting and ozoning the crap out of everything and you don’t have masks that are ULPA level 4 bio-lab, you’re going to end up like Trump or worse. The most powerful man in the world protected by a private army of ninja warriors, doctors and scientists could not keep the Coronavirus away, how the hell do you think you’re going to do? He has the full blown Coronavirus and they are working around the clock to keep him alive. For a fact he has a fever, flu like symptoms, is lethargic and the doctors are giving him the Lincoln syndrome.

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WH removes travel from Trump’s schedule

Bet you he is sorry now. Trump just lost the election. No matter how far the cover up goed the whole world has changed again. It is my bet most of the White House staff has been infected. My hunch is Trump is sicker then they are letting on. Lets suppose they spin it as a nothing burger. The virus is not listening. The whispers i am hearing are telling me that they particular strain of the coronavirus that is infecting the white house is particularity infectious and the symptoms become sever quickly. Trumps ability to govern is in serious contention. I believe Trump just lost the election. Put a fork in his ass he is DONE! My direct experience is when the put the incubator tube down their throat they all wish they had isolated and wore a mask

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Trump tests positive for coronavirus

The president tested positive for COVID-19 while working on plans to reopen the country despite the risks of cases soaring again.

President Donald Trump and first lady Melania Trump have tested positive for the coronavirus just days after one of his closest advisers who also had COVID-19 traveled with him aboard Air Force One.

In a statement dated Oct. 1, 2020, White House press secretary Kayleigh McEnany confirmed the diagnosis.

“The President and First Lady are both well at this time, and they plan to remain at home within the White House during their convalescence,” McEnany stated. She also claimed Trump would continue to “carry out his duties without disruption while recovering.” Trump, who is 74 and is considered obese, according to an assessment in June by the White House physician, faces an increased risk of severe illness from the coronavirus. The Centers for Disease Control and Prevention have long warned that older adults and those with a body mass index of 30 or above are at increased risk of hospitalization and possibly the need for intensive care should they become infected. Hope Hicks, a counselor and senior adviser to the president, tested positive for COVID-19 after traveling with Trump on Tuesday for his first presidential debate with Democratic rival Joe Biden. People close to Hicks told Bloomberg News that she was experiencing symptoms of the virus. She was photographed not wearing a mask as she arrived at the airport in Cleveland for the debate. Trump’s infection also comes after many of his family members attended the debate in Ohio without wearing masks, even after a Cleveland Clinic doctor asked barefaced members of the audience to put them on.

At the debate, Trump also mocked Biden’s wearing of masks at campaign events while falsely claiming there had been “no negative effect” from any of his large campaign rallies in recent weeks. (After a June 20 rally in Oklahoma, health officials cited it as the “likely” source of a surge in local cases.)

“He could be speaking 200 feet away and he shows up with the biggest mask I’ve ever seen,” Trump said of Biden’s use of face coverings and his decision not to hold large in-person campaign events. The president’s infection comes amid his ongoing efforts to declare that the nation has largely moved past the worst threats of the pandemic and could reopen large swaths of the economy, a positive election season message that health experts have warned could not be further from reality. More than 207,000 people in the U.S. have now died of the coronavirus, and more than 7.3 million have been infected. Cases remain high or are rising in more than a dozen states even after an economically devastating shutdown period in nearly every corner of the country.

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House passes updated $2.2T COVID relief bill

House Democrats on Thursday approved a massive, $2.2 trillion package of coronavirus relief, lending political cover to party centrists in tough races while putting fresh pressure on Senate Republicans to move another round of emergency aid before the coming elections. The vote arrived only after last-ditch negotiations between Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin on Thursday failed to yield a bipartisan agreement — and it sent a signal that the prospects for such a deal before Nov. 3 have dimmed considerably. The bill was approved by a tally of 214 to 207, but to secure passage, Pelosi and her leadership team had to stave off a late revolt from a surprisingly large number of centrists who were furious that Pelosi had staged a vote on a bill with no chance of becoming law. “This move toward compromise has demonstrably renewed momentum for a deal, and we are closer than we have been in months, but the only thing that will deliver the help my constituents need is a bill that will actually become law,” said Rep. Cindy Axne (D-Iowa), a first-term lawmaker who opposed the measure. Every Republican voted no, saying the spending levels were too high and the funding targeted certain programs unrelated to the coronavirus crisis.

The legislation has no chance of becoming law for the time being.

Republicans in the Senate and White House both oppose the measure and are backing a proposal that is $600 billion less than the Democratic legislation. Senate Majority Leader Mitch McConnell (R-Ky.) is dedicating the entirety of next week — the Senate’s last in Washington before the elections — to seating federal judges as the upper chamber gears up for a battle over President Trump‘s Supreme Court nominee. “I’d like to see another rescue package. We’ve been trying for months to get there. I wish them well,” McConnell said of the Pelosi-Mnuchin talks. Yet Democratic supporters cheered the bill’s passage, using it to argue that Democrats are focused on getting relief to people. “My constituents and small business owners will be so relieved to know that help that they need is one step closer to being here,” first-term Rep. Kim Schrier (D-Wash.), a pediatrician who flipped a GOP-held seat in 2018, said on the floor before the vote. The package features almost all of the initiatives included in the Democrats’ $3.4 trillion HEROES Act, which passed the House in May, but on shorter time frames, which brought the overall cost down by more than a third. It features almost $500 billion for state and local governments; a renewal of $600 weekly payments for unemployment benefits; another round of $1,200 checks for individuals; $75 billion for coronavirus testing; and billions of dollars more for schools, the Postal Service, food stamps, rental assistance and election security. It also contains emergency bailout funds for two industries hit hardest by the pandemic: airlines and restaurants. “These are not radical ideas,” said Rep. David Cicilline (R.I.), head of the Democrats’ messaging arm. “This is a basic responsibility to keep the American people healthy and safe.” Republicans have argued the measure is too costly, and panned it, in the words of Rep. Virginia Foxx (R-N.C.), as a “$2.2 trillion socialist wish-list.” The breakdown in negotiations on a bipartisan deal came as United Airlines and American Airlines on Thursday began furloughing 32,000 workers, while Alaska Airlines said it would furlough 532 people. That followed an announcement by Disney that it would lay off 28,000 employees mostly from its two theme parks. Insurance company Allstate said it would lay off about 3,800 people, while publisher Houghton Mifflin Harcourt said it was cutting 22 percent of its workforce, or about 525 positions. Goldman Sachs said it was cutting 400 jobs. On top of that, the film and movie theater industries sent a letter to lawmakers this week begging the two parties to come together to reach a deal. The wave of new layoffs are part of what drove Pelosi and Mnuchin back to the negotiating table. After a weeks-long impasse, the pair met in the Speaker’s office for 90 minutes on Wednesday, giving lawmakers and market watchers a glimmer of hope that a deal could get done. But a second in-person meeting never materialized Thursday; instead the negotiators spoke by phone at least twice, taking steps toward a deal but falling short of finalizing one. Pelosi said the sides exchanged proposals, but no deal would be sealed before Friday. House Minority Leader Kevin McCarthy (R-Calif.) characterized the package as “the Pelosi pipedream 2.0.” And White House spokeswoman Kayleigh McEnany said it was time for Pelosi and the Democrats to bring their number down after Republicans put real money on the table.

 

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Trump in ‘quarantine process’ after top aide gets COVID-19

WASHINGTON (AP) — President Donald Trump said Thursday that he and first lady Melania Trump are beginning a “quarantine process” as they await coronavirus test results after a top aide he spent substantial time with this week tested positive for COVID-19. Trump’s comments came after he confirmed that Hope Hicks, one his closest aides, had tested positive for the virus Thursday. Hicks began feeling mild symptoms during the plane ride home from a rally in Minnesota Wednesday evening, according to an administration official, who spoke on condition of anonymity to disclose private information. She was quarantined away from others on the plane and her diagnosis was confirmed Thursday, the person said. Trump tweeted late Thursday: “The First Lady and I are waiting for our test results. In the meantime, we will begin our quarantine process.” Earlier, during a call-in interview with Fox News Channel’s Sean Hannity, Trump said: “Whether we quarantine or whether we have it, I don’t know. I just went for a test and we’ll see what happens.” It can take days for an infection to be detectable by a test, and it was unclear what Trump’s quarantine entailed. Minutes before his tweet, the White House distributed a schedule for Friday that showed he planned to go forward with a fundraiser at his Washington, D.C., hotel and a political rally in Sanford, Florida. Hicks, who serves as counselor to Trump, also traveled with Trump to the first presidential debate in Cleveland on Tuesday. She is the closest White House official to Trump to test positive for the virus so far. The positive test is yet another reminder that the coronavirus continues to spread, even as Trump has tried desperately to suggest it no longer poses a danger. Since it emerged earlier this year, Trump, the White House and his campaign have played down the threat and refused to abide by basic public health guidelines — including those issued by his own administration — such as wearing masks in public and practicing social distancing. Instead, Trump has continued to hold campaign rallies that draw thousands of supporters. The virus has killed more than 200,000 Americans and infected more than 7 million nationwide. The White House had not responded earlier to multiple questions about the last time Trump was tested and whether he and other staffers who spent time with Hicks in recent days will be asked to quarantine. Trump traveled to New Jersey Thursday for a fundraiser despite concerns about Hicks’ health. Trump is 74 years old, putting him at higher risk of serious complications from the virus. He said he expected to have the results back either Thursday night or Friday morning. In a statement, White House spokesman Judd Deere said the president “takes the health and safety of himself and everyone who works in support of him and the American people very seriously.” “White House Operations collaborates with the Physician to the President and the White House Military Office to ensure all plans and procedures incorporate current CDC guidance and best practices for limiting COVID-19 exposure to the greatest extent possible both on complex and when the President is traveling,” Deere said. Hicks traveled with the president multiple times this week, including aboard Marine One, the presidential helicopter, and on Air Force One to a rally in Minnesota Wednesday, and aboard Air Force One to Tuesday night’s first presidential debate in Cleveland. Hicks is one of the president’s most trusted and longest-serving aides, having worked as spokesperson for his 2016 campaign. She originally served as White House as communications director, and re-joined the administration this year as an adviser ahead of the election. Her positive test was first reported by Bloomberg News on Thursday evening. She did not respond to a request for comment. Multiple White House staffers have tested positive for the virus, including Katie Miller, Vice President Mike Pence’s press secretary, national security adviser Robert O’Brien, and one of the president’s personal valets. Kimberly Guilfoyle, who is dating Trump’s oldest son, Donald Trump Jr., tested positive in South Dakota before an Independence Day fireworks show at Mount Rushmore. Still, Trump has consistently played down concerns about being personally vulnerable to contracting COVID-19. “I felt no vulnerability whatsoever,” he told reporters back in May. After earlier positive cases close to the president, the White House instituted a daily testing regimen for the president’s senior aides. Anyone who will be in close proximity to the president or vice president is also tested every day, including reporters. While the Centers for Disease Control and Prevention recommends that people who have been in close contact with someone with COVID-19 quarantine for 14 days, White House staffers are considered essential workers. CDC’s guidelines for exposed essential workers allows them to return to work if they take precautions, including taking their temperature before going into work, wearing a mask at all times and practicing social distancing. Typically, according to the CDC, a person develops symptoms five days after being infected, but symptoms can appear as early as two days after infection or as late as 14 days after infection, and the time range can vary.

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Special Report

Thank You

I want to thank each and every one of you for being with me. You allow me to do my research my way and report to you the best information I know of. I am the happiest I have been in my life which is strange considering the hell we’re going through. Your trust means everything to me and I’m dedicated to you totally and completely. Whether you’re the smallest trader trading with mere thousands or a whale trading with tens of millions. In my mind there’s no difference. I’m proud to announce that several people joined the millionaire’s club yesterday. Maybe I can scratch my ass and figure out how to bring you all along into this very special club. I promise you nothing. We are not investing, we are speculating. But let me promise you one thing. I’ll give you my all.

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WH offers Democrats $1.5 trillion stimulus bill

Fox News has reported that the House Democrats have offered a $2.2T bill but the White House is floating a package worth just $1.5-1.6 trillion. The new package, which is being referred to as the updated HEROES Act, proposes to restore popular assistance programs such as the $600 weekly federal unemployment benefits boost and another round of stimulus payments. However, it’s uncertain whether the Senate would consider taking up the revised bill if it clears the House this week. Stocks have been on the bid at the start of the week, but are fading into the forthcoming first of three rounds in the US election debate that gets underway on Tuesday night at 9 ET. Stocks do not like uncertainty and there is plenty of it around. The S&P 500 is down some 0.22% at the time of writing in the final hour of the session on Wall Street.

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Pelosi unveils reduced $2.2T coronavirus aid bill

WASHINGTON — (AP) — House Democrats unveiled a scaled-back $2.2 trillion aid measure Monday in an attempt to boost long-stalled talks on COVID-19 relief, though there was no sign of progress in continuing negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin. The latest Democratic measure would revive a $600-per-week pandemic jobless benefit and send a second round of $1,200 direct payments to most individuals. It would scale back an aid package to state and local governments to a still-huge $436 billion, send a whopping $225 billion to colleges and universities, and deliver another round of subsidies to businesses under the Paycheck Protection Program. The proposal represents a cutback from a $3.4 billion bill that passed the House in May, but remains well above what Senate Republicans are willing to accept. Republicans have endorsed staying in the $650 billion to $1 trillion range. Pelosi said Monday that she remains in contact with Mnuchin, with whom she negotiated several earlier relief packages. The two spoke briefly on Sunday and Monday evening and are slated to talk again Tuesday morning, according to Pelosi spokesperson Drew Hammill. “We’ve come down $1 trillion, and they need to come up because we have to crush this virus,” Pelosi said Monday on MSNBC. “It takes money to crush the virus. It takes money to make the schools safe. It takes money to put money in people’s pockets.” Talks over the summer broke down in acrimony and name-calling, and conversations this month haven’t produced visible progress. Even if the rival sides could agree on a “top line” figure from which to negotiate details, dozens of difficult issues would remain to be sorted out. For instance, Senate Majority Leader Mitch McConnell, R-Ky., is insisting that a liability shield against potential lawsuits brought against businesses, schools and universities that reopen during the pandemic be part of the legislation. Pelosi opposes the idea and didn’t include it in Monday’s legislation. Democrats say the purpose of the new draft legislation is to show good faith and spark a more meaningful round of talks. But it also comes after party moderates and “front line” lawmakers in swing districts protested that Democratic leaders were being too inflexible. Pelosi’s office has said she’s considering putting the new measure up for a floor vote if talks this week with the Trump administration prove fruitless. “Democrats are making good on our promise to compromise with this updated bill, which is necessary to address the immediate health and economic crisis facing America’s working families right now,” Pelosi said in a letter to her colleagues. “We have been able to make critical additions and reduce the cost of the bill by shortening the time covered for now..

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Trump: Vaccine trials’ results to be extraordinary

United States President Donald Trump claimed on Monday that the test results of all coronavirus vaccines produced by American companies will be “very extraordinary.” There are four US firms that have their vaccines in the final stages of the trials, Trump said at a White House press conference, adding that vaccines will be “coming fast.” Earlier, the commander in chief revealed that 150 million rapid coronavirus tests produced by Abbott Laboratories would be distributed in the country in the “coming weeks.”

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Airlines face worst crisis since 9/11 as funding ends

 

With no return to normal in sight, they are desperate to cut costs and raise financing Airlines have felt the pain of the coronavirus pandemic more than other companies. Almost overnight the bulk of their business ceased. But in mid-2020 there was at least hope that Covid-19 might not be as virulent as first thought; that warmer months would bring some respite; that travel corridors—agreements allowing passengers to fly between two countries without quarantine—might get people back in the air. Now, almost eight months into the pandemic, with cities reentering lockdown and a vaccine likely months away, it’s apparent there will be no quick comeback. International air traffic in July was 92% below 2019 levels, and there was little sign of improvement in August, according to the International Air Transport Association (IATA). More than 400,000 airline jobs have been cut since February, according to data compiled by Bloomberg. “This is lasting longer and is deeper than most people thought,” says Scott Kirby, chief executive officer of United Airlines Holdings Inc. “And our view is demand is not coming back. People are not going to get back and travel like they did before until there’s a vaccine that’s been widely distributed.” British Airways CEO Alex Cruz says the airline is “fighting for survival.” Cathay Pacific Airways Ltd. has said it’s restructure or die. And Singapore Airlines Ltd. boss Goh Choon Phong called the decision to slash 4,300 jobs—about 20% of his workforce—the “hardest and most agonizing” he’s had to make in 30 years with the company. Airlines in the U.S. are expected to lay off thousands of additional workers when the Coronavirus Aid, Relief, and Economic Security Act, or Cares Act, expires on Oct. 1. United Airlines is burning through $25 million a day, and “you just can’t go forever on that,” Kirby says. In Europe a pickup in air traffic in July and August, as vacationers sought to escape monthslong lockdowns, has abruptly gone into reverse as virus flare-ups send people scurrying home before borders close and new quarantine restrictions kick in. Carsten Spohr, CEO of Deutsche Lufthansa AG, is preparing for deeper job and fleet cuts, saying it will “take a marathon to get through the crisis, not a sprint.” Europe’s biggest airline, which accepted a €9 billion ($10.5 billion) German bailout in early June, doesn’t expect to see a full recovery in traffic until the middle of the decade. According to IATA, 25 million jobs are at risk in airlines and associated businesses such as travel and tourism. That’s more than the 22 million the International Labour Organization estimates were lost globally as a result of the 2008 financial crisis. More staff reductions are coming. American Airlines Group Inc. plans to dismiss 19,000 workers on Oct. 1 following the expiration of job guarantees tied to $25 billion of federal payroll aid under the Cares Act. United Airlines is expected to eliminate at least 13,000 posts. Delta Air Lines Inc. is trying to avoid large-scale layoffs until next summer now that thousands of employees have left voluntarily or taken unpaid leave. Government aid has helped, but there may not be much more. Carriers in Europe alone received €29 billion of aid, state-backed loans, and other forms of support through Aug. 27, excluding furlough money, with a further €3.4 billion in the pipeline, according to Greenpeace’s European airline bailout tracker. Airlines in India, until recently the world’s fastest-growing aviation market, are seeking at least $1.5 billion as an interest-free credit line from the government, Civil Aviation Minister Hardeep Singh Puri said on Sept. 17. With airline stock prices plunging, attracting fresh investment is getting harder. Warren Buffett has completely exited his stakes in the four major U.S. airlines, and carriers that are for sale haven’t found any buyers.. Richard Branson’s Virgin Atlantic Airways Ltd. is under­going a £1.2 billion ($1.5 billion) rescue built around a loan from a hedge fund. The pandemic is pushing airline Virgin Australia into the hands of private equity in a deal approved in September. In the U.S., Delta was able to raise $9 billion in the industry’s largest debt sale ever, offering yields as high as 4.5% to lure investors. Delta’s bonds are secured by its frequent-flyer program, and this is one part of airlines’ business that’s holding its value. American Airlines’ loyalty program is worth as much as $30 billion, and United Airlines sold $6.8 billion of debt in June backed by its program.

Aircraft are in a crisis of their own. A third of the world’s 26,000 passenger jets remain grounded, parked in deserts or lined up in rows along the tarmac, aviation data provider Cirium says. Those in the skies are only about half full, according to IATA.

Corporate travel may never recover, as business­people everywhere realize they can close deals and get the job done over Zoom and from home even. Leisure travel is expected to spring back once there’s an effective vaccine, but tourists will probably be more cautious. Jaunts to far-flung places where medical help is remote may hold less appeal. Airlines had hoped for a quick end to the coronavirus crisis, but 2020 continues to provide a litany of woes, and the pain may go on well into next year and beyond.