☀️ Happy Monday! We are 23 Days from St. Patrick’s Day & 41 Days from Easter
☕️ White House reiterates teacher vaccinations ‘not a prerequisite’ to reopening schools (Washington Post), Aiming to steer more federal aid to the smallest and most vulnerable businesses, the Biden administration is altering the Paycheck Protection Program’s rules (New York Times), and inflation angst is about to rewrite the stock market playbook (Bloomberg)
🎂 BIRTHDAY NOTE: Today is my Dad’s 81st birthday. Happy Bday, Dad!
New data shows that the Pfizer and BioNTech SE Covid-19 vaccine was 89.4% effective at preventing laboratory-confirmed infections In Israel, providing the first real-world indication that the immunization will curb transmission of the coronavirus. (Bloomberg)
Much has been written about the two economies that have existed during the pandemic economy. You have the wealthy who have thrived thanks to remote work accessibility and Federal Reserve policies that have increased asset prices. Then you have the working class who have either seen their jobs disappear or significantly reduced. Many of think pieces have been devoted to this two economy world, but what if it is not entirely true.
Sarah Chaney Cambon over at The Wall Street Journal argues that we are actually witnessing a blue-collar boom, “Strength in housing and e-commerce during the pandemic has helped propel hiring in blue-collar occupations, which were hard hit by previous recessions”
– Good news for current and future employed workers, “Many economists and companies expect blue-collar jobs to continue growing, though at a slower pace, after the coronavirus is contained. They predict the key factors driving employer demand for blue-collar workers—a swift pickup in online orders and a buoyant housing market—will largely stay…”
– Economists also expect a lot of jobs we lost to come back, “Economists also expect service-industry jobs, such as retail and restaurants, to see particularly big gains as the pandemic fades, helping propel broader economic growth.”
– Even with a 6.3% unemployment rate, some companies are having trouble finding workers because, “Many blue-collar companies are struggling to find workers to keep up with demand. Millions of people aren’t seeking work, in some cases because of increased child-care responsibilities or fear of contracting the coronavirus.“
“Well, I watch the shows,” – Former President Donald Trump
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, tries to hit for the cycle appearing on 4 of the 6 shows this morning, Jen Psaki makes her first appearance as White House press secretary on ABC This Week, and Bil Gates takes a break from inserting microchips into our bodies and changing the weather to appear on Fox News Sunday
ABC’s This Week: White House press secretary Jen Psaki and Rep. Steve Scalise.
NBC’s Meet the Press: Dr. Anthony Fauci and Randi Weingarten, president of the American Federation of Teachers.
CBS’ Face the Nation: National security adviser Jake Sullivan, Mayors Sylvester Turner & Betsy Price, and former deputy national security adviser to President Donald Trump Matthew Pottinger.
Fox News Sunday: Dr. Anthony Fauci and Microsoft co-founder Bill Gates.
CNN’s State of the Union: Dr. Anthony Fauci, Reps. Michael McCaul & Pramila Jayapal, and Governor Asa Hutchinson