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On the afternoon of the 13th, customers who visited a Costco store in Teterboro, New Jersey, USA, lined up for checkout. As the coronavirus epidemic got worse, many people wanted to stock up on daily necessities.▶ Click here to enlarge
Costco, a warehouse-style discount store in Taterboro, New Jersey.
About a 20-minute drive from where I live, this is one of the closest Costco stores in Manhattan. It has a large parking lot, like a typical American suburban mall.
Whenever you go to Costco in Yangjae-dong and Yangpyeong-dong, Seoul, there will be many people tired of the parking procession surrounding the building. Compared to these places, parking is easy. But the difference is so distant.
There is no difference compared to the shops in Seoul which is busy and crowded when you walk inside. It looks completely different from other retailers who are low tide to the extent that they will be maintained.
I visited this place on the afternoon of the 13th local time on Friday. How would Costco be in the midst of the number of confirmed crown 19 patients breaking new records every day?
Parking was not easy on this day. The long winter of the bursting of the crown was heralded and the “ajaegi” that appeared in March was resumed. The corners for daily necessities like frozen foods, processed foods, water and toilet paper appeared to be empty.
In particular, the queue for the cash desk aligned with the product display corridor. The social distance of 6 feet (about 2m) was hard to expect.
What about Costco’s stock price? It’s at $ 379.13 (based on the 13th close), up 34.6% from the low of March 25. It also increased by 0.8% on 13 and 5.9% this month.
Walmart is also full of people. Wal-Mart’s stock price, which fell to $ 104.05 on March 12, ended at $ 150.54, up 1.59% on the same day.
As the COVID-19 epidemic becomes more and more serious, I wonder what the beneficiaries of these companies will do.
On this day, the New York stock market was calm, with all three stock markets rising.
The Dow Jones indices closed at 29,471.81, up 1.37% from the previous trading day. The Standard & Poor’s (S&P) 500 Index rose 1.36% to 3,585.15, while the Nasdaq Index rose 1.02% to 11,829.28.
Despite the escalating coronavirus epidemic, the share price has risen as expectations for vaccines are working higher.
Furthermore, reactions that President-elect Biden’s side is not considering a total blockade has allayed concerns about the double recession. The day before, staff attached to Biden’s Crown 19, Professor Michael Osterholm University of Minnesota, explained the need for a national blockade for 4-6 weeks.
Strong performance from Cisco and Disney also played an important role in the index’s rise. Cisco and Disney increased by 7.06% and 2.16% respectively.
News of Pfizer’s vaccine development this Monday appears to have impacted the New York stock market considerably, and is likely to continue to be sensitive to every single piece of news going forward. It feels like walking on a thin sheet of ice.
Although “Friday of the 13th” has passed, concerns are growing for the future of the US economy. This is because basic physical strength has not been restored.
John Williams, president of the Federal Reserve Bank of New York, which is considered second in the US Federal Reserve System (Fed), presented a grim outlook today. He said that day in an interview with the Financial Times (FT), “If the spread of Corona 19 intensifies, as in recent years, the growth rate in the fourth quarter of this year will slow down and be a bit stagnant at all. start of next year.
The situation where the number of confirmed cases exceeds 150,000 every day in the United States is not expected to calm down for now.
The New York City positive test rate was 3.09%. The positive test rate has exceeded the average of 2.83% in the last week, surpassing 3%.
As a result, the response level has increased. New York City Mayor Bill Deblazio said today that all public schools in New York City should prepare to transition to 100% video classes starting on the 16th. Should we pay attention to the “Zipcock” states again?
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