2020 Recession - Global Lay off started now - first airlines

Is the reason why I hesitant to invest in AMZN. Only Jeff makes huge fortune, investors get the peanuts and ranknfile are royally screwed. Profitable but not ethical.

Investors rode this from $300 a share to ~$2000 a share in the last 5 years…

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US Costco warehouses

Effective Monday, March 30th, all US Costco warehouses have temporary operating hours:

Warehouse Hours
Monday - Friday 10:00 AM - 6:30 PM
Saturday 9:30 AM - 6:00 PM
Sunday 10:00 AM - 6:00 PM

Gas Station Hours
Monday - Friday 7:30 AM - 7:00 PM
Saturday 7:30 AM- 6:30 PM
Sunday 7:30 AM - 6:30 PM

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Where is the change?

In Austin, senior (>=60 yrs old) shopping hours, 8-9 am Tues and Thurs.

Plenty of water, no toilet paper, no hand sanitizers, no wipes. Many items also don’t have which I don’t need. Manage to buy all the stuffs that I need.

Tripactions layoffs
Airbnb making losses
Stubhub furloughs

These are tough times. If you do know people working at these places, please reach out to see if they need help with job referrals or other support.

Probably should cut dividend to a Penny to save money.

I wonder if this will become more common instead of layoffs for Coronavirus.

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Looks like some government - executive level confidential briefing is done so that every companies are moving possible lay offs 60 to 90 days. Almost many companies openly assured similar stance.

Here are Benioff’s “8” points, noting that the number 6 is reused.

  1. Stay home. All citizens stay home for 20 day national lock down, review every 5 days for extension.
  2. Buy masks. Establish supply chain management system and hierarchy for PPE and make a direct nation state request.
  3. Get medicines. Urgently ramp up drug production for therapeutics for anyone who becomes symptomatic & for post-exposure prophylaxis. Keep DB of every patient interact & response. Provide fed guidelines for treatment to treat before results & post-exposure prophylaxis criteria.
  4. Accelerate vaccines. Develop multiple vaccine strategy landscape & concurrently develop production capacity & surrogate broader tests.
  5. Figure out who had it already and is safe. Accelerate development of IgG test for prior exposure.
  6. Test everyone. Everyone tested now.
    6.Release workers who are ok.Develop plan for this with antibody titers to be on front line exposure positions.
  7. Every ceo take a 90 day “no lay off” pledge.
  8. Love everyone

Not every. Big companies only. Many mom and pop can’t afford to.

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Yeah, I meant the big companies such as listed 10B or above companies in bay area as they only get high level executive briefings from government officials to avoid/delay potential lay offs.

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I’m expecting the tech will have big lay off in 3 months. The business here are already affected in early January from Asia countries. Now is global

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Test outcome is only a snapshot. At the point of testing. 1 second after that you could be infected!
So unless we have capacity to continuous test 331 million Americans daily - number 6, test everyone is empty talk.

After testing, we need to have effective quarantine for those tested positive. At least 20% of those positive would need to be hospitalized - doubt we have that many beds. And the other 80% must be quarantine - Not many houses have attached bathroom for each bedroom - many kids share bedrooms.

Can Benioff give something workable!

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Testing is possible like this soon. Unless we get a corona virus shot (like flu shot), healthy person is not ready to get into normal mode. This is the priority for the world.

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There’s many cases in china, after recovery, will be reinfected. So herd immunity works? Just a myth or hope it will work.

Apparently anti-bodies only stay for a few days (can’t recall clearly what I read). And those with not good enough immunity will get re-infected.

Vaccine is at least 3-6 months away.

3hrs is not good enough. Should be like pregnancy test, take at home and within … minutes (can’t remember).

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KEEP ON LOOPING

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