Thursday Clutter: Trump, Mike Pence, Coronavirus, Lynching Bill, Dunkin, David Ortiz, New York Yankees, Kelly Clarkson, and more
Saturday Clutter: Trump, Chris Matthews, Twitter, Tony Romo, Doctor Who, Grey's Anatomy, Hawaii Five-0, Lady Gaga, and more

Friday Clutter: Trump, Coronavirus, Joe Biden, Wells Fargo, Boston Red Sox, Tears for Fears, and more

Hi everyone,

Welcome back, and a happy Friday to you all.  Man, this week went by quickly.  February as a whole came and left in the blink of an eye.  Of course, we still have one more day to go, because this is a leap year.  Today's big adventure is a trip to City Hall to vote in the presidential primary.  BDH and Little Buddha are so excited to finally weigh in on the Democratic primary, they didn't want to wait until Tuesday.  The other big news is that the guys made coffee.  There's a fresh pot on the table, so grab yourself a nice medium DD, and let's clear out some Clutter.

(Before I forget, we're still working out this weekend's schedule, but we'll likely see you again either tomorrow or Monday.)

The Trump administration's response to the coronavirus is already in trouble, as a whistleblower claims federal health employees interacted with Americans who may have been exposed without training or protective gear.  To review, a guy who knows nothing about public health (or much else for that matter) appointed a guy who doesn't believe in science to oversee a potentially huge health crisis (because said science-denier had "nothing else to do.")  Who could have guessed that might not go well?   Donald Trump's incompetence is now a public health threat all by itself.

The news gets worse with reports that all administration messaging about the coronavirus must now go through Mike Pence's office.  The public needs to hear from public health experts who won't put politics first.  We've seen this White House lie about basic science before, to appease Donald Trump's ego, and Trump himself will obviously say anything to cover his backside.  It's hard to think of a time where our confidence in the government has ever been lower.

By the way, did Trump put Mike Pence in charge of the coronavirus response to set him up to fail so Trump can replace him on the Republican ticket this fall?

The problems on Wall Street continue.  Stocks fell 4.4% yesterday, which means we're down more than 10% from the recent high, and that's officially correction territory.  It's the fastest correction in our country's history, and it leaves the market roughly at the same level as where it was last October.  As the Clutter investment team understands, a rebound from a correction takes an average of four months.  If stocks fall more than 20%, that's a bear market, and those typically last a year.

Donald Trump claims the reason the stock market fell over 10% this week because investors are scared after watching this week's Democratic presidential debate.  First off, every Wall Street professional will tell you that the drop is because of fears about the coronavirus.  Second, the debate was on Tuesday, but the sell-off started on Monday, so is Trump trying to say investors did a little time-travel?  That sounds like the worst Doctor Who episode of all time.   The Great Pumpkin is not a mentally well man, and there still isn't a single person in his family who will get him the help he so desperately needs.  Meanwhile, the rest of us are stuck keeping our fingers crossed that the pathological liar with the enormous self-esteem problems doesn't get us all killed.

Donald Trump February 28 2020"Can someone explain to me how time works?"  (pic via apnews.com)

No one needs to win tomorrow's South Carolina primary more than Joe Biden.  After all of this time, he's still been unable to make a convincing case to voters that is anything other than, "I know Barack Obama," while he continues to insist that Republicans will just become nicer people if he's in the White House. 

Hey, look at that - Wells Fargo is paying another fine.  Shocker.  This time the bank is paying $35 million for failure to supervise investment advisers who improperly pushed high-risk products on their clients.  Don't worry, we're sure officials are very sorry about the problem and are working really hard to fix it.  We don't understand why people still do business with this bank.  These guys seem to spend more time finding ways to rip off their customers than performing any legitimate activities.

Boston Red Sox ace Chris Sale won't be able to start on Opening Day.  He's expected to begin the season on the 15-day IL as he continues to recover from having the flu.  That means the Red Sox will start the season with three starting pitchers in the rotation (Eduardo Rodriguez, Nate Eovaldi, Martin Perez) and then will likely have a bunch of guys filling in the 4th and 5th spots.  Hang on Sox fans, this season could be a wild ride.

BDH and Little Buddha are happy to hear that all three of NBC's "One Chicago" programs have been renewed for another three years.  Between that, and the streaming deal creator Dick Wolf signed a few weeks ago, it's safe to say Wolf won't be financially hurting anytime soon.  In the meantime, the guys look forward to enjoying their shows for at least a few more years.

Okay kids, that's going to do it for now.  Here's Tears for Fears to close things out with their classic tune, "Everybody Wants to Rule the World," for today's, "Song of the Day."

Thanks for stopping by, everyone.  It was great to see you, as always.  Enjoy the rest of your day, be good, and we'll catch up with you again soon.  Until next time, that's today's Clearing out the Clutter, and we are outta here.

 

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