American retailers already hit by the coronavirus pandemic have shuttered stores nationwide as violent protests included looting in many U.S. cities. Target, Walmart, Apple, Nike, Nordstrom and Whole Foods closed hundreds of locations and adjusted store hours to accommodate citywide curfews. U.S. retail sales already posted record declines due to COVID-19, putting the economy on track for its biggest contraction since the Great Depression. (SA)
Nineteen hours after SpaceX's Falcon 9 rocket lifted off Saturday from Florida on a historic voyage, the Crew Dragon capsule docked with the International Space Station. It was the first-ever private spacecraft to attain orbit with people on board and marks the final test flight before the company begins flying astronauts every few months. SpaceX competitor Boeing even congratulated the company, saying the mission to the ISS "marked a new era in human spaceflight. (CNBC)
Chinese government officials told major state-run agricultural companies to pause purchases of some American farm goods including soybeans as Beijing evaluates escalating tensions with the U.S. over Hong Kong as the US is looking into eliminating the policy exemptions that allow America to treat Hong Kong differently from the mainland. Trade War round 2? Stay Tuned.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.