Real Impact of the Coronavirus

[Reformed]

I sell industrial maintenance products for a living and my territory is all of Central Florida (from St. Petersburg to Daytona (East-West) and Gainesville to Okeechobee (North-South), so I drive some serious miles. The majority of my business is between Tampa and Orlando. With Disney, Universal, and Seaworld closing until at least the end of the month, I have already seen a drop in business. I do a lot of business with the major resorts and they are all going on lock-down; only allowing guests and essential personnel in the building. The Greater Orlando area's entire economy revolves around tourism. Economically, the response to the coronavirus is not just impacting the stock market. It is having a real effect on the local economy. Of course, the health and well-being of the American people take precedent over anything else. However, when individuals starting missing mortgage, rent, and car payments because of not receiving a paycheck(s), the economy may not be so quick to rebound once this crisis is over. I am seeing it with my own eyes, so this is not fear-mongering.

 

[Yeshua1]

I sell industrial maintenance products for a living and my territory is all of Central Florida (from St. Petersburg to Daytona (East-West) and Gainesville to Okeechobee (North-South), so I drive some serious miles. The majority of my business is between Tampa and Orlando. With Disney, Universal, and Seaworld closing until at least the end of the month, I have already seen a drop in business. I do a lot of business with the major resorts and they are all going on lock-down; only allowing guests and essential personnel in the building. The Greater Orlando area's entire economy revolves around tourism. Economically, the response to the coronavirus is not just impacting the stock market. It is having a real effect on the local economy. Of course, the health and well-being of the American people take precedent over anything else. However, when individuals starting missing mortgage, rent, and car payments because of not receiving a paycheck(s), the economy may not be so quick to rebound once this crisis is over. I am seeing it with my own eyes, so this is not fear-mongering.

What stinks to high heaven is that the Dems and the media are using this to blast Trump, and they really would rather see our economy crash and burn then see him getting any credit!
Slick nancy tried to slip into the Dem budget plan to combat the Virus monies to refund planned parenthood, and screams that when republicans fail to pass it straight thru quickly, they are the ones "playing politics"

 

[Deacon]

Yesterday my co-worker arrived after lunch to tell us that her friend that she rooms with is down with a flu.
She was immediately told to go home and quarantine herself for two weeks.

This morning the practice (probably the largest Cardiology Group in the Northeast) was told that we will shut down for two weeks (with pay!).
All patients were called, tests were postponed, office visits cancelled.
One Cardiologist in each office will be available for telephone consultations, emergency visits etc.
Patients will be directed to local hospitals (who have also indicated they will button up as well).

Computers were brought home for some general work.

Local schools have closed for two weeks.
Businesses have curtailed their output.
Stores are doing limited business.

With a bit of "luck", the action will limit the spread of the virus and as things warm up it will pass.

Rob

 

[Hollow Man]

I sell industrial maintenance products for a living and my territory is all of Central Florida (from St. Petersburg to Daytona (East-West) and Gainesville to Okeechobee (North-South), so I drive some serious miles. The majority of my business is between Tampa and Orlando. With Disney, Universal, and Seaworld closing until at least the end of the month, I have already seen a drop in business. I do a lot of business with the major resorts and they are all going on lock-down; only allowing guests and essential personnel in the building. The Greater Orlando area's entire economy revolves around tourism. Economically, the response to the coronavirus is not just impacting the stock market. It is having a real effect on the local economy. Of course, the health and well-being of the American people take precedent over anything else. However, when individuals starting missing mortgage, rent, and car payments because of not receiving a paycheck(s), the economy may not be so quick to rebound once this crisis is over. I am seeing it with my own eyes, so this is not fear-mongering.

First, I'm going to Okeechobee this weekend. I was just there a couple of weeks ago when a buddy of mine played at the KOA campground there and asked me to sit in with him. It was a disaster, as they didn't know who he was or that he is one of the most popular artists in the "trop rock" genre and resented him because he wasn't their usual Friday night entertainment. But I digress.

Second, I came out of retirement to teach. Next week is our spring break and I'm pretty certain they're going to tell us not to come back after break.

It's not a problem for me, as I have money. I just teach because I enjoy it. But teachers here make absolutely NOTHING. School bus drivers make more than many teachers here. They're the ones I worry about.

 

[Reformed]

There are always winners and losers in every walk of life. Those who have an ample emergency fund or whose employers will pay them while they are off will fair well. Delta Airlines just asked all their employees to take two weeks of leave without pay. Some of our suppliers have shut down and their employees are not getting paid. I work on straight commission, so I will earn less while this situation persists. The working poor is always hit hardest during a bad economy. One of my resort customers temporarily laid off 150 of their 400+ employees. They will increase that number to over 300 on Monday. Most of those employees are paid around $15 an hour.

 

[Reynolds]

I sell industrial maintenance products for a living and my territory is all of Central Florida (from St. Petersburg to Daytona (East-West) and Gainesville to Okeechobee (North-South), so I drive some serious miles. The majority of my business is between Tampa and Orlando. With Disney, Universal, and Seaworld closing until at least the end of the month, I have already seen a drop in business. I do a lot of business with the major resorts and they are all going on lock-down; only allowing guests and essential personnel in the building. The Greater Orlando area's entire economy revolves around tourism. Economically, the response to the coronavirus is not just impacting the stock market. It is having a real effect on the local economy. Of course, the health and well-being of the American people take precedent over anything else. However, when individuals starting missing mortgage, rent, and car payments because of not receiving a paycheck(s), the economy may not be so quick to rebound once this crisis is over. I am seeing it with my own eyes, so this is not fear-mongering.

Agree, but maybe it will teach people to save for a rainy day. My grandparents taught me I didnt need 90% of what I thought I needed and anything I truly needed I could wait tiil I could pay cash for it. They grew up in The Great Depression and were very wise.
While some are truly doing the best they can, most are on the financial edge due to living above their means and instant gratification with long term payments.

 

[Reynolds]

There are always winners and losers in every walk of life. Those who have an ample emergency fund or whose employers will pay them while they are off will fair well. Delta Airlines just asked all their employees to take two weeks of leave without pay. Some of our suppliers have shut down and their employees are not getting paid. I work on straight commission, so I will earn less while this situation persists. The working poor is always hit hardest during a bad economy. One of my resort customers temporarily laid off 150 of their 400+ employees. They will increase that number to over 300 on Monday. Most of those employees are paid around $15 an hour.

They will draw unemployment?

 

[JonC]

My son worked one day of his first job.

It is at a MiLB ballpark so he (along with a lot more) is not working. The theaters are closed, all public events canceled.

The Masters is next month. It usually brings millions of dollars to the economy. But there will be no spectators.

 

[Reformed]

They will draw unemployment?

Possibly.

 

[Benjamin]

I haven't thought about that we may not know yet how this could affect newborns. Its being reported that the first baby has tested positive in the UK.

A newborn baby in London has become the youngest person in the world to test positive for coronavirus