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Satellite data provider, RS Metrics, reports that in spite of manufacturing activity rebounding in China for March after a dramatic contraction in February, metal production tracked using satellite analytics shows a continued decline in March which is also extending into April.
RS Metrics is seeing the following based on its analytics:
All eyes are focused on China as the world gauges what a post COVID-19 world might look like. According to the data, the reopening of Chinese businesses and the easing of travel restrictions has not yet rippled through to copper and aluminum production.
According to data from 1010data, a company tracking US credit card spending behavior, consumer spending collapsed at the end of March.
Spending on consumer credit and debit cards in the US had been mostly flat year over year heading into the European travel ban. Beginning on March 13th there was a freefall in spending which hit a bottom at a 46.3% year over year decline. Overall spend recovered slightly to down 32.9% by April 1st.
Diving into the specific sectors of the economy that have been impacted, Travel was by far the worst, declining 90% in overall spend.
The data from 1010data paints a scary picture for how the rest of 2020 is likely to play out. As discretionary spends come to a halt it will ripple through the supply chains of the companies impacted and ultimately lead to more layoffs in the future.
This week, News Break and SmartNews, two news aggregation apps that allow you to easily access both your local and national news, have reached all-time highs for daily downloads.
SmartNews and News Break first broke their existing records on March 14 and 15, respectively. Each day since then, the apps have continued to beat their previous numbers. Yesterday (March 17), their biggest day so far, News Break was installed 225K times while SmartNews was installed 142K times. If you compare these numbers to their average daily downloads in February, News Break’s downloads are up 214% and SmartNews’s are up 222%.
Just days after Amazon’s decision to cut Google Ad spend by 90%, eBay upped its investment on high-volume keywords such as “toilet paper,” “n95 mask”, and “hand sanitizer” by 60%, which has brought in an incremental 330K visits to the site every day.
The objective of this report is to provide an update on the situation in Asia from the previous report and analyze how the coronavirus impact on the short-term rental market has evolved in these areas. Additionally, we aim to demonstrate the impact in the more severely affected countries in Europe and various states around the United States, as both the number of cases and fear of travel have begun to impact vacation rental markets all around the globe.
Amwell, a Boston-based Telehealth provider, recently announced that they are taking steps to combat their sudden increase in users, which temporarily destabilized their systems and created extremely long wait times for patients. Telehealth providers and their companion apps virtually connect patients to healthcare services, so you can get a diagnosis and prescription without ever leaving your home.
