On April 14th Apple announced that it had developed a program to capture user location data in an effort to track the spread of COVID-19. As part of that announcement Apple also mentioned it had this data already, and users were aware that Apple has been tracking location data when they agreed to their terms and conditions. It is no surprise to anyone, that the data conclusively showed a dramatic decrease in the use of public transport, motor vehicles, and mobility in general since the outbreak of the virus. The graph below illustrates the massive drop in March in the United States.
As we move into week six of social distancing and stay-at-home orders throughout the country, many states are preparing to lift restrictions beginning this week. CNN recently conducted an interview with Bill Gates, the founder of Microsoft. His foundation has studied pandemics for years and is now involved with the fight against COVID-19. Gates told CNN during his interview that the country can begin to lift restrictions safely if they have the capacity to aggressively test for and trace new cases of the virus.
I think we have all been bogged down in COVID-19 related news or news of poor global economics related to commodities, so this blog will be devoted to lighter non coronavirus related topics. Yesterday, for example, was the first round of the NFL draft. It was done via teleconference and quite honestly reminded us that everyone is struggling together to find a new normal. The NFL draft was the first sports related telecast that felt normal, it was something everyone could watch together and feel like it was last year again.
April 20, 2020 will go down in history as the first-ever negative trading day for WTI Crude as stocks plunged 321%, saw -$40.32 a barrel, and created a historic “super contango.”
By now, I am sure we are all looking for different things to do while practicing social distancing and following our state's “Stay at Home” orders. Days can become monotonous real fast when you are used to being on the go or if your current routine needs pepped up and refueled. Here are a few ideas of things you can do to add to the mix.