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"The Board of Directors approved modifications to the Company’s overall compensation program on June 26, 2020 to more appropriately retain and motivate its key employees during this period of uncertainty and increased workload."

...citing "ongoing deterioration in US public finances and the absence of a credible fiscal consolidation plan..."

2010s were decade of liquidity, globalization, profits; 2020s will be decade of deficits, localization, redistribution; War on Inequality means monetary policy to be replaced by unconventional fiscal policies of 2020s: MMT, UBI, debt forgiveness.

"Why aren't journalists digging into these numbers?"

"That risks political dysfunction of a shape and magnitude never before seen in the US." 

The Democrats have put forward the HEROES bill of $3.4tr while the Republicans have their HEALS bill of $1.1tr.

With the S&P once again near all time highs and profits in freefall, now seems a good time to ask the $64 trillion question: just how overvalued is the market?

Cat's North American sales plunged by a near record 40%, the biggest monthly drop since the financial crisis.

The Atlanta Fed published its first GDPNow "nowcast" estimate for the third quarter, which is a relatively healthy 11.9%.

There Is No Alternative!

"Brewers-Cardinals game tonight postponed due to positive test." 

This is what creeping banana-republic socialism looks like.

Americans' approval of Congress continues its downward slide to 18%. The last time congressional approval was below 20% was in September 2019.

From gains of over 2% overnight, Nasdaq is now almost red along with the rest of the US major equity indices...

"Get out of dollars... going to keep drifting down until it collapses"

Wirth claimed the company would "protect the dividend..."

When Fed-head Jay Powell earlier this week said it’s all about the virus, he was being disingenuous. It’s about winners and losers – and the Fed looking the other way as it pretends it not...

"The virus is getting worse in a lot of areas, and some places have started to shut back down again. If you look at earnings in terms of beat rates, the results have actually been pretty good."

“This is a quarter to give Apple credit where credit is due for excellent execution and performance in the midst of unprecedented difficulty" - Goldman Sachs, Apple "Sell" Rating