Abandoned Malls Are Now Being Turned Into Hybrid Apartment Housing
• https://www.zerohedge.com by Tyler DurdenOver the last couple of years, we have been extensively documenting the hastening trend of abandoned malls around the country.
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Business/ Commerce
Other Car Makers Q2 Sales Down 24-49%
• https://www.nextbigfuture.com, Brian WangOther carmakers had second-quarter auto sales drop 24-49%. Tesla grew auto deliveries from first quarter to second quarter.
$40 Oil Isn't Enough To Prevent A Wave Of Shale Bankruptcies
• https://www.zerohedge.com by Tsvetana ParaskovaThe coronavirus pandemic and the oil price collapse are accelerating the pace of bankruptcy filings in the U.S. shale patch this year.
Tesla's Run is Not Over
• https://www.nextbigfuture.com, by Brian WangThe fact that Nextbigfuture has been right on Tesla for years is less important than the fact that Tesla has several more years of crazy share price growth.
America's First All-PPE Retail Store Opens In Maryland
• https://www.zerohedge.com by Tyler DurdenLike many small businesses, Chris McCormick's advertising firm imploded during the pandemic-induced economic crash. He had to act quickly, and reinvent his business model during lockdowns as he furloughed all his employees.
Background checks, a metric for gun sales, hit all-time high
• https://apnews.com By LISA MARIE PANEHistoric numbers of background checks to purchase or possess a firearm were done in June, a trend in a year marked by uncertainty over the coronavirus pandemic, a subsequent economic recession, protests over racial injustice and calls to reduce polic
Car Sales Plunge 33 Percent in the 2nd Quarter Despite Deals
• https://www.thestreet.com, MishGeneral Motors, Toyota, and Chrysler all report steep declines in auto sales. On the plus side, the results were better than many expected.
Tesla Overtakes Toyota as the World's Most Valuable Automaker
• https://finance.yahoo.com by Reed StevensonTesla Inc. displaced Toyota Motor Corp. as the world's most valuable automaker, underscoring investor enthusiasm for a company trying to transform an industry that's relied on internal combustion engines for more than 130 years.
Country Garden Opens Restaurant Operated Completely By Robots
• https://www.forbes.com by Lana BandoimCountry Garden, a property developer in China, revealed that its subsidiary Qianxi Robot Catering Group (Qianxi Group) opened a restaurant complex operated completely by robots.
Tesla Overtakes Toyota as the World's Most Valuable Automaker
• Yahoo Finance NewsTesla Inc. displaced Toyota Motor Corp. as the world's most valuable automaker, underscoring investor enthusiasm for a company trying to transform an industry that's relied on internal combustion engines for more than 130 years.
Mark Zuckerberg will meet with Facebook ad boycott organizers in last ditch attempt to shore up loss
• https://www.dailymail.co.uk by LUKE KENTON--of 400 brands from Facebook over 'hate speech' who are set to disappear from the site TODAY
Aunt Jemima's Relatives Want Reparations
• https://www.thedailybeast.com, Tarpley HittLarnell Evans, Jr., the great-great-grandson of Anna Short Harrington, who allegedly inspired Aunt Jemima, is far from satisfied by the company's recent rebrand and cash donation.
Pepsi, HP, Doritos, PayPal, Adobe and BMW, Pull Ads From Facebook to Silence Trump
• https://needtoknow.news, Fox NewsAdvertising agency Goodby Silverstein announced that it intends to join the "#StopHateForProfit" campaign and pull advertising from Facebook and Instagram in an effort to pressure them to reject posts from President Trump.
Ad sales plunge in May as lack of NBA hurts Disney, WarnerMedia
• https://nypost.com, By Alexandra SteigradThe coronavirus continued to wreak havoc on the advertising market in May, new data shows.
L'Oreal will remove 'whitening', 'lightening' and 'fair' from skin care
• https://www.dailymail.co, By JEMMA CARRL'Oreal will remove 'whitening', 'lightening' and 'fair' from skin care products in response to Black Lives Matter protests
China Unveils World's First Robotic And Contactless Restaurant
• https://www.zerohedge.com, by Tyler DurdenWe could be looking at one of the world's first-ever robotic restaurants, located in Guangdong, China.
Gab CEO Warns VIsa Is Helping To Bring China's "Social Credit Score" To America
• https://www.zerohedge.com by Tyler DurdenA little over a week after getting blacklisted by Visa simply for being associated with Gab, a social media alternative that's committed to the principles of free speech, Andrew Torba, Gab's CEO, has just spoken out for the first time via a blog post
NYU Prof: "Hundreds, If Not Thousands" Of Universities Will Soon Be "Walking-Dead
• https://www.zerohedge.com by Maria CopelandAs colleges attempt to recover from the pandemic and prepare for future semesters, a New York University professor estimates that the next 5-10 years will see one to two thousand schools going out of business.
V-Shaped Narrative Dies As Commercial Real Estate Bust Accelerates
• https://www.zerohedge.com by Tyler DurdenThe last week of June marks the time when investors lost hope for a V-shaped economic recovery as confirmed COVID-19 cases are exponentially rising in Texas, Florida, and California, and the Tri-state area imposed quarantine restrictions on travelers
UNMASKING "OPERATION: GROCERY STORE"
• https://www.youtube.com by Del BigtreeDo Americans with legitimate medical issues exempting them from wearing masks have the right to shop at their local grocery store?
FDA PULLS POISONOUS HAND SANITIZERS
• https://www.youtube.com by Del BigtreeWith an influx of companies attempting to capitalize on the Covid-19 crisis, the US Food and Drug Administration has discovered toxic hand sanitizer on American shelves. With the Mexican manufacturer refusing to pull it, the agency is now publicly wa
How Drug Industry Is Countering Diminishing Vaccine Uptake
• https://www.lewrockwell.com by Joseph MercolaAs lockdowns have kept people at home and out of medical facilities, infant vaccination rates have dropped. As you might expect, this is bad news for the drug industry, which is likely why they've started promoting baseless claims that childhood va
Plunging Aerospace And EV Demand Sends Cobalt Prices Tumbling
• https://www.zerohedge.com, Tyler DurdenCobalt prices slumped to a 10-month low this week due to waning demand from the aerospace and electric vehicle industries - all suggest the V-shaped recovery in the global economy is nothing but a distant dream.
These Charts Show What Mess Businesses Face Going Forward
• https://www.zerohedge.com by Wolf RichterI'm going to show you a chart based on data that the Atlanta Fed released today. We'll dissect it in a moment. The chart would be funny, if it weren't so serious.
Microsoft Abandons Physical Store Concept (Not Due To Virus)
• Zero Hedge - Tyler DurdenAs Apple shutters dozens of its physical store locations across America on the heels of a second wave of COVID cases (though not deaths), Microsoft has escalated by shuttering its physical stores... for good, as part of a strategic shift in its retai
Interview 1558 New World Next Week with James Evan Pilato
• https://www.corbettreport.comWelcome back to New World Next Week -- the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news. This week:
These Charts Show What Mess Businesses Face Going Forward
• Zero Hedge - Tyler DurdenSo this is about expectations for their own businesses, and about the uncertainty of their own expectations.
State of the US Economy-Who's Making Money and Who's Not- Economist Robert Kudla
• The Common Sense Show - Dave Hodges
Amazon buys naming rights to KeyArena, will call it Climate Pledge Arena
• https://www.seattletimes.com, By Geoff BakerAmazon has purchased the KeyArena naming rights, but the venue will be known as Climate Pledge Arena, rather than using the company's name.
What Happens When A Mall Goes Dark?
• https://www.zerohedge.com by Mike ShedlockThe outlook for malls gets darker and darker. Department stores have been getting clobbered since 2000. Clothing stores have not kept up with inflation. Covid just hit food services.
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