Posted on 03/05/2020 4:15:16 AM PST by Oldeconomybuyer
For the past three years, many American business executives have cheered on President Donald Trump as they saw their stock prices soar and their taxes fall. But as the number of confirmed U.S. cases of the coronavirus reaches 158, with 11 deaths, corporate America is taking its own counsel.
From Ford to Google to JPMorgan Chase, a growing number of major companies is banning employees from foreign travel, nixing large meetings, testing out work-from-home contingency plans and canceling crucial industry events — all despite assurances from the White House that containment of the virus is "airtight."
Investment giant Goldman Sachs has even warned that U.S. corporations' earnings growth for the year could be zero percent.
The slew of policy updates and revised — or abandoned — financial forecasts for 2020 has put corporate America at odds with an administration that characterizes criticism of its virus response as a "hoax" and dismissed the worst week on Wall Street in more than a decade as an "overreaction."
Instead, as health and safety officials advise families to stock up their food pantries, Trump's top economic adviser, Larry Kudlow, told investors they should stock up on equities.
"The virus story is not going to last forever," Kudlow said on CNBC last month. "I would suggest very seriously taking a look at the market, the stock market, that is a lot cheaper than it was a week or two ago."
Most businesses, however, are focused on prioritizing employee safety without overreacting or creating any economic fallout.
"Corporate America has a vested interest in preserving the well-being of their workers," said Diane Swonk, chief economist at Grant Thornton. "They are not panicking but are over compensating to hedge against worst outcomes."
(Excerpt) Read more at nbcnews.com ...
Despite...
As if the president was not leading from the front ?
Buahahahahahahahaha!
NBC is so fraught with hatred and envy of the President, that they just keep sticking their collective heads further up their collective arses.
Just like the targeted Coronavirus, the politics of hatred will not survive in America, and neither will it’s media promulgators.
2020 = Corona,Corona,Corona
Perfecto
The hype for this is ridiculous. I think this over-prep is to avoid potential lawsuits. But, good grief! A little common sense is necessary.
NBC = Comcast = American enemy
Comcast is a more dangerous American enemy than Iran or Russia
I’d say it’s more like business is doing what its always done and not rely on government to solve all the world’s problems.
And/or...
Business is taking its lead from President Trump and doing what’s necessary to help.
That headline proves they are filthy bastards. Disgusting slobs. What I want for the media scum cannot be posted here.
Blatant TDS at NBC. They paid three “journalists” to write this “news” story. If you get the chance, abuse a journalist today
I can see these three earnest, little journalism school snowflakes sitting before their Comcast editor, being instructed on how to portray this latest manufactured narrative, to the brain-dead drones who still actually believe that NBC is a “ news “ organization.
These three are probably also holding up mindless placards behind Bernie at one of his rallies.
“I’d say it’s more like business is doing what its always done and not rely on government to solve all the world’s problems.”
Exactly. If we all were waiting for government to take care of us, we’d all be...democrats.
Yep. They betray their dishonesty with the very first word.
JAN 2020 .... 1,650
FEB 2020 .... 1,080 (thru Feb Feb 15)
Coronavirus.. 11
What the average citizen does not know is that in MSM outlet offices there’s a game where individuals compete with each other in creating lefty propaganda by twisting information to have it appear it supports their political position.
That’s the reason I frequently post this
In political campaigns while the use of Social Electronic Formats are useful in presenting political positions. Relying solely on using those venues is a mistake because of their SEF content limitations and media bias .
Consideration of the use of reprinted material including handouts and flyers such as of articles in FR and the planning of area saturation distribution known as “blitzing” in the targeted area is essential of one wants to win.
NBC - read no further
Microsoft is telling people to work from home. My employer says if you have cold or flu symptoms, go home. .
‘They’ have been conning us my entire life.
Start with grade school ‘under the desk for protection from the ABomb’, and working its way up through the lies and deceit related about the VN war etc etc etc
Johnny Carson & others creating a toilet paper shortage by predicting one (1973)
Geraldo and his ‘Al Capone vault’, Schiff for brains and Pelosi etal and all the PROOF of the PDJT/Russian collusion etc etc etc, just to cite a few.
‘They’ have me so ‘twisted’ that were I to die from Corona this afternoon I would be calling this latest ‘sky is falling hoax’ a scam.
Of course, I didn’t ‘weaken’ my system by taking every ‘flu shot’ that came down the pike and still can’t help but gloat as my ‘comrades’ are coming down with flu and I have to hit them with....”Took that f’n flu shot huh?” which completely ‘unendears’ them to me while they - in unision - wish me struck with something....<: <: <:
From the corporations’ point of view, it’s better to over-prep than under-prep. If any of their employees get sick in the course of doing their jobs, the corporations are going to get sued and they know it.
While I agree with you that a little common sense is necessary, common sense seems to be in short supply.
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