Storage...

One trader bought 250,000 barrels of oil and secured a rare payout at a time when oil prices turned negative, causing jitters in markets and leaving most other traders scrambling to find storage options across both sides of the Atlantic, Bloomberg reported.

But for BB Energy, a London-based trading house, the historic oil market crash was golden opportunity owed to its competitive advantage of having storage capacity over other firms. 

US oil prices hit an all-time low of -$37.63 on April 20 due to an extreme shortage in storage options for oil, meaning most traders apart from BB Energy had to effectively pay traders to take the oil off their hands. 

It remains unknown whether BB Energy is still holding on to the barrels it bought and how much the trading-house paid (or indeed was paid) for them as well as how much it made.

Trend...

A top adviser to Sen. Bernie Sanders's (I-Vt.) presidential campaign warned in a memo on Friday that former Vice President Joe Biden could lose the election in November because "a significant portion" of Sanders's supporters are "currently unsupportive and unenthusiastic" about his candidacy.

The memo, written by Jeff Weaver, who recently launched the America's Promise PAC aimed at turning out progressives for Biden, said the presumptive Democratic nominee faces a "clear and dangerous trend" that could block his path to the White House if he does not address his shortcoming with Latinos, working-class voters and young people.

A float...

Several health system CEOs and leadership members are forgoing or donating pay during the COVID-19 outbreak as systems face furloughing workers due to low revenue.

It is the latest bid by hospital systems to stay afloat financially as low patient volume and cancellation of elective procedures have plummeted revenues.

Here are some of the system CEOs and leaders that have donated their pay:

• A large hospital network in New York City, announced last week that CEO, and the system’s leadership team will take a 50% pay cut “for as long as necessary so that these dollars can be directed to our front lines in this fight,” a statement said.  


• Erlanger Health System, a seven-hospital system in Tennessee and North Carolina, announced March 30 it is reducing leadership pay in addition to furloughing some administrative employees, suspending 403(b) retirement contributions and stopping vacation accruals.


• The CEO of Cape Cod Healthcare System, a two-hospital network in Massachusetts, will donate his monthly salary of $78,000 for April to the system’s resources, according to a report in Boston Business Journal. CEO Michael Lauf told the journal that the system plans to keep paying workers for the next two weeks and will not be doing furloughs yet.


• Major hospital system HCA Healthcare, which has 184 hospitals across the country, announced that CEO Sam Hazen will donate his April and May salary to a fund intended to help employees weather a reduction in hours.


• Beth Israel Lahey, a 12-hospital system in Massachusetts, also will have its CEO take a 50% pay cut and the rest of the leadership team a 20% cut, according to a report in NPR.

Jobs...

The Governors of some States are consumed by fear of the viruses impact, paralyzing their labor force.  The Mom and Pop shops, and the little people with small busniss, etc.. While Amazon, Walmart, Target and the likes are selling every thing, those who have small shops are non essential!!

CNN-BC...

Risk...

Aid...

Fatigue...

Rent...

Before the coronavirus crisis, three of New York City’s largest commercial tenants  Barclays, JP Morgan Chase and Morgan Stanley  had tens of thousands of workers in towers across Manhattan. Now, as the city wrestles with when and how to reopen, executives at all three firms have decided that it is highly unlikely that all their workers will ever return to those buildings.

The research firm Nielsen has arrived at a similar conclusion. Even after the crisis has passed, its 3,000 workers in the city will no longer need to be in the office full-time and can instead work from home most of the week.

The real estate company Halstead has 32 branches across the city and region. But its chief executive, who now conducts business over video calls, is mulling reducing its footprint.

But now, as the pandemic eases its grip, companies are considering not just how to safely bring back employees, but whether all of them need to come back at all. 

They were forced by the crisis to figure out how to function productively with workers operating from home — and realized unexpectedly that it was not all bad.

Reverse..

Wisconsin Gov. Tony Evers (D) late Wednesday denounced the state Supreme Court's decision to side with Republican legislators and strike down the extension of his stay-at-home order, saying the ruling would throw the state into "chaos" and lead to a spike in coronavirus cases. 

 Evers said, shortly after the decision was released. "We worked really hard to stay at home and do all the right things around social distancing and so on and so forth."

Wisconsin's public health department has reported more than 10,900 confirmed cases of COVID-19, and 421 deaths from it. 

Evers had begun to lift certain restrictions put in place at the outset of the outbreak. Earlier this week, he announced retail shopping in standalone locations or strip malls could open allowing for five customers at time. Just a thought.

Wisconsin's unemployment rate in March was 3.4 percent, 1.0 percent lower than the national rate of 4.4 percent.

Area: 65,498 mi²

Population: 5.822 million.