^^ People have to eat. If a person eats a steak at a restaurant or grills one at home, the number of steaks consumed remains the same. Now I'd expect meat consumption for instance to decline a little because some people want to eat steak but don't want to spend the time doing it, thus one reason why they pay extra for it at a restaurant.

3/16/2020 9:45:20 AM

Are restaurants actually closing? I thought they were all just going to-go and delivery.

The dow is now down more than black tuesday and approaching black monday which would make this the greatest single day % loss of all time if it held to close.

[Edited on March 16, 2020 at 9:52 AM. Reason : its down 11.84% lost 11.73% and 12.82% on black tuesday and black monday]

3/16/2020 9:51:22 AM

^ Restaurants in a lot of cases live basically paycheck to paycheck I don't suspect many are going to be able to stay open with weeks/months of no revenue. That will be felt in the industry.

3/16/2020 10:00:49 AM

Always wondered why people pay attention to the Dow Jones instead of the S&P500 which is a much broader measure of the whole economy.

But anyway, here's year-to-date performance of the individual stocks in the Dow Jones.

Quote :

"3M -25.01% American Express -30.67% Apple -14.89% Boeing -55.50% Caterpillar -35.95% Chevron -39.36% Cisco -28.90% Coca-Cola -21.25% Disney -35.57% Dow Chemical -56.93% Exxon Mobil -50.19% Goldman Sachs -31.05% Home Depot -17.78% IBM -28.92% Intel -18.16% Johnson & Johnson -12.92% JPMorgan Chase -36.51% McDonald's -19.48% Merck -20.76% Microsoft -9.19% Nike -35.18% Pfizer -21.90% Proctor & Gamble -11.10% Travelers Companies -30.55% United Technologies -37.67% UnitedHealth -18.50% Verizon -16.92% Visa -15.52% Wal-Mart -9.29% Walgreen -26.19%"

3/16/2020 10:25:20 AM

Quote :

"Just wait till you learn about the latest events with that guy when it finally makes it to you in about 3 days"

It seems his usual sources buzzfeed news and BBC have caught the virus too. Welcome to last week, OEP.

3/16/2020 11:17:26 AM

Quote :

"So you're hourly, and it's structured so that travel time effectively gets paid to you in the long run, but it can't put you into overtime?"

Huh? No, I'm salaried. I don't get overtime. If I work late or more than 40 hours in a week, the excess is also comp time that I can take off later. The system works pretty well for me, because my boss/organization doesn't abuse it and I like the time off more than I'd like a little more money. It sucks for my wife, whose organization made her work overtime all the time so she ended up with far more comp time than she could ever use before she switched to a new job.

---

As of today I'm ordered to full time telework until further notice, which is fine. What's not fine is that Maryland is shutting down all bars at 5:00 PM until the crisis has passed. In DC, they're still open (last I heard), but you're not allowed to sit at the actual bar, all tables must be six feet apart, and no more than six can be at a table. I've got a buddy who manages a bar and he's losing his mind, not just over the lost business, but over how to reorganize his entire seating area.

3/16/2020 12:45:51 PM

pretty sure I've been in some bars in DC that didn't have enough space under those conditions to sit more than one group of people. Open space is a luxury that most DC bars and restaurants don't have.

Our favorite bar in Baltimore, Thames Street Oyster House, would be able to handle all of about 3 two-tops under those rules. It wouldn't even be worth opening up.

3/16/2020 1:34:25 PM

No gatherings than 10 people now

[Edited on March 16, 2020 at 3:31 PM. Reason : Trumps talk, dow tanks]

3/16/2020 3:29:39 PM

they should try to stop Trump from speaking and let Fauci do it

3/16/2020 3:47:25 PM

Only down 3000 points. Gg. Prob go up 10% tomorrow. Then down another 12%. Etc etc etc

3/16/2020 4:03:23 PM

Quote :

"No gatherings less? than 10 people now"

3/16/2020 4:06:06 PM

https://www.cnn.com/2020/03/16/economy/job-losses-coronavirus/index.html

Quote :

"The shock to the economy could come quickly. When the job changes in the coming week are counted it could show a loss of as many as 1 million jobs, according to Kevin Hassett, the former chairman of the White House Council of Economic Advisors under President Donald Trump. That would be significantly worse than the 800,000 jobs lost in March 2009, the worst month of the Great Recession. That was also one-month drop in jobs since the US economy shifted off a war footing the month after World War II."

3/16/2020 4:45:19 PM

How long until the looting breaks out?

3/16/2020 6:30:26 PM

On hold to cancel WSJ as I type

3/16/2020 6:47:36 PM

I am a regional sales rep in Charlotte for a company that sells food to hotels, restaurants, colleges, nursing homes, etc. My pay is 100% commission based. Currently the hotels I have are only around 20% occupancy at best and are completely cutting out their breakfast programs, restaurant sales are down, the colleges are all closed, and I can't even access most of the healthcare accounts that I have. Things are going swimmingly!

3/16/2020 10:23:50 PM

Regional sales huh......would you say that means you are in.....OUTSIDE SALES???

3/16/2020 11:30:45 PM

And that's a risk you take with commission-based jobs. Sucks, but you should be prepared for lean times moreso than a salary/hourly employee.

3/16/2020 11:38:06 PM

^^^do y'all sell toilet paper too? holla

3/17/2020 12:10:57 AM

Conference calls are significantly improved when someone is pleading with a child to please be quiet when mommy is on the phone.

3/17/2020 1:15:24 PM

I am in the market for a vehicle, so hopefully this at least makes some dealerships willing to make some screaming deals.

3/17/2020 1:18:48 PM

^Keep us updated. I was thinking about waiting a few weeks until they are absolutely desperate.

3/17/2020 1:20:53 PM

Yeah same here

3/17/2020 2:53:00 PM

i'm not on facebook much, but the people i'm seeing being the most vocal about this being a hoax are all old boomers in small towns with few hospital beds

conservative media is a real fucking cancer

3/17/2020 3:04:12 PM

IRS delaying taxes till July...

3/17/2020 3:26:51 PM

Quote :

"Conference calls are significantly improved when someone is pleading with a child to please be quiet when mommy is on the phone."

Mr. Joshua, if you're talking we can't hear you. I think you're on mute.

Sorry, I was on mute.

3/17/2020 8:11:40 PM

People are taking it seriously as fuck in LA. I live on a super busy street and it's like a ghost town. This time of day there would be bumper to bumper traffic and there is hardly a car. You can actually drive places 5 miles a way and it doesn't take 45 minutes.

3/17/2020 9:26:05 PM

a lotta farmers are worrying about how they're gonna get crops planted. many locally rely on h2a workers and migrant labor...if travel restrictions prevent those workers from working then it'll be very interesting (and scary) to see what happens. harvest time for strawberries is upcoming here locally. we're not that far off from tobacco and sweet potato planting times too

3/18/2020 6:33:38 AM

Stop rubbing your strawberry farm in our faces!!

3/18/2020 7:40:10 AM

Lol. Luckily our labor is local and we’re not relying on migrant or H2A programs. Our business could definitely suffer as the economy suffers and people spend less and stay in more (understandably so, I wanna be clear that I’m not complaining about people staying inside more and therefore spending less money at my farm).

3/18/2020 8:02:16 AM

3/18/2020 8:51:22 AM

Trading halted again

3/18/2020 1:05:12 PM

evictions and loan foreclosures stopped

3/18/2020 1:09:38 PM

Talk about March Madness!


Has anyone done that yet? If not feel free to use it as needed.

3/18/2020 1:17:48 PM

March madness more like March sadness

3/18/2020 1:23:53 PM

^ ooh, that's good. can i use that??

3/18/2020 1:24:32 PM

With justin's compliments. . .

3/18/2020 1:35:23 PM

Damn! Bested again. More like March sadness indeed

3/18/2020 1:41:56 PM

I made this for anyone to use. #followme #retweet #freeexposure

3/18/2020 1:42:21 PM

I blame all of this on the email lady.

3/18/2020 1:47:53 PM

No one else in the world had thought of March sadness. I was the first.

3/18/2020 1:48:27 PM

#HumbleBrag #ImUsingThatCorrectly

3/18/2020 2:21:44 PM

I laughed at both the March madness and march sadness jokes. Keep it up, folks!

3/18/2020 3:27:23 PM

Just heard another B list celebrity either has the virus without hospitalization or said something insensitive about the crisis

3/18/2020 3:36:15 PM

good thing all these NBA players and movie stars are getting tested. they're the most important part of modern society.

3/18/2020 3:42:10 PM

Go support All Around Pizza & Deli during this tough time.

http://www.allaroundpizza.com/

3/18/2020 11:50:51 PM

I only have like 2 cups of basmati rice left. Haven’t seen any in a while. Just hope this is not next depression, 2008 was hard enough. I had to lay off 6 people today. I feel terrible.

3/19/2020 2:43:03 AM

Really... you led with the rice...

3/19/2020 2:31:25 PM

Me and 40 million of my closest homies got this shit on lock down

3/19/2020 10:46:17 PM

Goldman sachs forecasts -24% gdp growth for 2nd quarter

3/20/2020 5:03:16 PM

Does goldman sachs still get a commission from all the quantitative easing?

3/20/2020 5:20:41 PM