1/3 of small business are not part of the S&P 500. 55% won´t rehire workers = there was anyway a loack of skilled workforce. I guess some HR departmements are not sorry about the situation. Just my 6 cents....of course.....
Have you seen the bars in Colorado? Those fearful consumers packed the bars and restaurasnts had 3 hours waiting lists. I have just visited the PA countryside (aka Trumpland) and some of the stores don't even require masks. Fearful, they are not. Also, any big pharma worth its salt would let the Chinese test their vaccina, they don't have red tapes, we would know the results in 4-6 weeks. They won't even start phase 3 in 6 weeks.
1/3 of small businesses are not part of the s$p but small businesses make up a bulk of the jobs in our economy.
To make this story short: people can’t stay in caves for long time. They are active as clueless but want fresh air to breathe.
Most are scared and until vaccine won't ever leave there houses again. Even after a lot won't leave. Refusing to send kids back to school, telling everyone it's not a risk to kids, but still I don't think there will be many kids at school next month. UK reckons Vaccine 30Mil treatments ready to go in September, hell no not touching that.
Same with HIV...still no vaccine regardless to the billions of dollars thrown at it. Hopefully, other companies are doing the other side of the coin...treatments to keep people from developing any illnesses that can kill. Just as important, the vaccine or treatment is available for free and doesn't cost +100 dollars to get. Typically, its normal to see early positive results by the researchers but the optimism soon evaporates within months when they see that the vaccine and/or treatment are producing worst results in comparison to those that are infected but did not take a vaccine / treatment. wrbtrader
Yep - if one or more “promising vaccines” (Whatever the efficacy) in development give politicians the cover to be more sensible and less draconian then it would have served it’s purpose. We all know that there must be millions of Americans walking around with COVID antibodies at present - they just don’t know it yet.
I agree. Also, this type of crisis creates a ruthless forced efficiency (for example partial work from home that was frowned upon for no real reason). My feeling is companies like Tesla and Uber start to dominate, with small bricks & Mortar businesses evolving to become semi-online and working off of the large platforms (Amazon et al.). Some other things will go gently back to normal as people get comfortable with the risk.
The "working from home" angle is another fascinating one. As you said, suddenly all these companies that would never allow more than a "once in a while" day working from home have totally shifted their operations. It will be interesting to see how much of this sticks when we back off the shutdowns. For now, the daily gridlocked rush hour of recent memory is absent in many places.