I made it to the community center for indoor laps by about noon and later to the gym for a workout. Slowly adding a bit more weight work now that my shoulder is recovering. If I make it to the community center early enough, I can listen to a podcast with earbuds, but if I’m running late, by that time there are a bunch of middle schoolers on the basketball courts making enough noise that the spoken word is a bit hard to listen to. When that happens, I switch to Pandora for music. Today it was their King Crimson channel.
This was a challenging day to be an investor. The Dow Jones Industrial Average fell off a cliff in response to the rapidly evolving Covid-19 situation. Supply chains of all types are really starting to be hit hard. This is not something that central banks will be able to print their way out of.
P&G warned that 17,600 products possibly hit by coronavirus: https://tinyurl.com/w6bppcv
Consumer goods giant Procter & Gamble has warned around 17,600 products could be affected by the coronavirus.
P&G’s CFO Jon Moeller, speaking at the Consumer Analyst Group of New York conference in the US, said P&G used 387 suppliers across China, shipping more than 9,000 materials.
“Each of these suppliers faces their own challenges in resuming operations,” he said.
Here in the Twin Cities (300 miles from the nearest confirmed case), I’ve noticed that masks such as N95 ones are no longer available in stores, but that little else is out of stock. But in some other places there are shortages and panic buying. In Italy, Covid-19 case numbers have exploded over the last few days, and people are freaking out. Shelves are being stripped bare of many essentials: https://tinyurl.com/sjclodp
Chris Martenson has some of the best coverage of Covid-19. Check out his latest video (“Time To Prepare Is Running Out”):