The Organization of the Petroleum Exporting Countries and its allies are expected to meet on Thursday instead of Monday — to try to agree on production cuts.
A historic demand shock sparked by the coronavirus pandemic is set to worsen in the current quarter, according to a CNBC survey of 30 strategists, analysts and traders.
"The uptake on the unemployment insurance program is a good thing because it means you're getting the transfers to the people that are being disrupted by this health-ordered shutdown," St. Louis Federal Reserve President James Bullard said.
"We've launched a companywide effort, bringing together produce designers, engineering, operations and packaging teams, and our suppliers to design produce and ship face shields for health workers," Cook said.
In a note to the companies Saturday, Shilpan Amin, GM's vice president of Global Purchasing and Supply Chain, said it is making the company's step-by-step manufacturing plans for such personal protective equipment available to anyone willing to join in the cause.
For retailers, facing an apocalypse isn't anything new. What's new is the fact that everyone else is too. With everyone in duress, those with the ability to pull the trigger that could put a retailer into bankruptcy have become more gun shy.