Comments from White House economic advisor Larry Kudlow
- US is not having a second wave
- US is not going to shut down economy over virus
- Almost all small businesses may reopen next month
I don't doubt his comment about shutting down but for the economy, what's the difference between shutting down and no one showing up?
I keep getting stuck on the Starbucks same-store sales numbers from Wednesday. Same store sales were down 32% in the final week of May in the US and 14% in China, where COVID is functionally eradicated.
That's a business that has a drive-thru in many (most?) locations. How is it for regular mom-and-pop stores?