Do drugs, kids

[The beef 675] [I'm an image] “Who cares when it’s ready. Time to hop on the train.” - Jeff Hey there carnivores, Markets were slightly up on Thursday. Today there might be a drug to end it all… coronavirus, that is. Keep raging, Jeff & Jason [Image] [I'm an image] Do drugs, kids US stock futures took off last night after a [report]( surfaced that Gilead’s Remdesivir drug had shown success in treating coronavirus patients. Remdesivir was previously tried as an Ebola drug... unsuccessfully. Apparently, they just keep these drugs sitting around like that condom you keep in your wallet “just in case”... Dow futures climbed more than 900 points, with the S&P and Nasdaq following suit, as investors took the Gilead news as a sign that we could be making progress against the virus. Curve... flattened Gilead itself climbed 16% on the news, and expects full results for its trials with moderate and severely afflicted patients to end in [April and May](, respectively. In a late-stage clinical study at the University of Chicago, most of the 125 treated with Gilead’s drug were discharged after only a week of treatment. So, not only would people not be dying as often, (hey, that’s good) but hospitals would be able to turn beds over more quickly. Again, good. The bottom line... While Gilead is doing its part to save the world, it wasn’t the only one working on a 'rona repellent. Moderna shares jumped 18% in after-hours trading, after it announced it would receive $483M to develop a coronavirus vaccine. Drop me that much, and I could work on a vaccine, too. The market reaction is hopeful, but a vaccine approved for mass use could still be 12-18 months away. Oh good, just in time for the next pandemic. [Image] Brand New Exclusive: The Strategic Investor Summit Making Your First Million In the Market Is the Always Hardest Join RagingBull Co-Founder Jeff Bishop Along With His Special Guests [I'm an image]( For the First Time Ever Jeff Takes You Inside His Family’s Portfolio And Teaches You About Long Term Investing [GAIN ACCESS]( [I'm an image] ☑️Exhausted. Aren’t we all... The Payroll Protection Program, not even two weeks into accepting applications, [has already run dry](. Thanks hedge funds! Having exhausted all $350B of its budget for small businesses, Congress met to try and come up with a series B, if you will, of emergency corona-aid. Unfortunately, Congress can’t agree (shocker) on next steps. Republicans wanted to approve $250B to replace worker's paychecks, but the Democrats preferred to focus on providing funding to hospitals, food assistance programs, and state and local governments. I guess neither side is down with PPP :( ☑️Denim on denim. Verizon [is acquiring BlueJeans]( (hopefully not boot cut), joining in on the rise in popularity of video conferencing platforms thanks to the ‘rona. VZ will pay $400M to acquire BJ and will compete with Zoom, Cisco WebEx, Microsoft Teams etc. (and by etc. I mean Houseparty) to help keep employees connected while stay at home orders are in place. That’s an expensive pair of pants. This acquisition could also give Verizon a leg up in the competition for 5G supremacy, as the conferencing tool would be included within its 5G offering. Wouldn’t you rather stare at your coworkers ugly mug in 5G? ☑️I got laid...off. Well, the numbers are in, and they don’t look great. Another 5.2M people [filed for unemployment]( last week, bringing the total count to 22M since coronavirus forced businesses to close back in March. This brings the unemployment rate to 4.4%, but there are estimates that [the actual rate is]( somewhere in the 10% to 15% range. Probably just a rounding error. Combining the last four weeks, the 22.025M unemployment count practically negates the 22.442M jobs [that were added]( since November 2009. I’ll say that again… nearly all the job gains made in the past decade since the Great Recession have been erased in a month. Misquoting what [Warren Buffet]( said about reputations: “It takes 11 years to build jobs and one month to ruin it.” ☑️Set the timer. Neiman Marcus [skipped several bond]( payments that were due on Wednesday, essentially starting a countdown for creditors to collect what’s theirs. The department store will need to make these payments, or come to an agreement with the creditors, within the grace window of five to thirty days. When this happens, signs typically point toward a bankruptcy filing. [NEIMAN!]( The retailer was already struggling before the pandemic caused closures, but was trending positive as it reached a comprehensive debt restructuring with almost all of its bondholders in 2019. It’s certainly not alone, as retail sales fell 8.7% in March (but you already knew that). RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. 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