FBC WSJ At Large With Gerry Baker July 13, 2024
Iceberg with probably millions of layoffs still to come. On monday the first big wave hit the Retail Sector with macys, kohls and gaps announcing they would furlough tens of thousands of mows. The closure of stores to prevent the spread to have virus has taken a heavy toll on its business. And President Trump had to give up on his hope expressed just a week ago that the u. S. Could be opened up by easter. Hes now saying the company will have to keep practicing social distancing for the entire month of april, and he add added that we should prepare for a very painful two weeks ahead. Meantime, ...