Business is thriving for Tech Giants as America is divided on opening Schools
Bussines might be going great for Domino’s and many Tech companies but local businesses are suffering. The debate to reopen schools is dividing America. Masks are becoming more fashionable and more effective. The UAE and China launch missions to Mars. In the world of sports, Mike Tyson and Roy Jones Jr are making a comeback. Here are my top 5 picks.
1. Bussines is Booming for Tech Giants and Fast Food Companies
Domino’s U.S. store sales spiked by 16% in the second quarter of 2020. Domino’s is the king of pizza delivery and added many safety procedures to make customers feel safe. This has largely impacted the rise in sales. Domino’s is also performing better than its competitors. Domino’s stock has done amazing in the past 5 years by rising almost 250%, outperforming Papa Johns, Pizza Hut, and even Facebook, Apple, and Google. Amature bakers have risen Hershey’s sales by 40%. JM Smucker makes Smucker’s jams, Jif peanut butter, and pet food. The company said it continued to expect customers to eat more meals at home. It is clear that many big food companies are not suffering but local restaurants are trying to hang on. Many could not survive the first lockdown but a second lockdown would even make it harder for business to survive. Tech Giants are also doing very well. The record sales for electronic products like computers have helped Best Buy’s stock hit a record high of $99.42. Tesla was one of the only car companies to be profitable last quarter and it has also met all of the requirements to be in the S&P500. Facebook and Google are up more than 10% while Apple and Microsoft have jumped 25% this year. Amazon has skyrocketed 57% this year. These 5 companies alone make up 22% of the S&P500. These gigantic gains in very few companies have brought the S&P500 into positive territory which is amazing.
2. US Schools Reopening
The debate for reopening schools has divided America. Trump is all for it while scientists and experts say it’s not safe. An education is important but it’s not worth somebody’s life. Children and Teens are less likely to catch the virus and the mortality rate is minuscule but they can transmit it to someone who is venerable. About 80% or 646,000 teachers, fall in the venerable age range. The US did not handle this pandemic well and it keeps getting worse. Elementary schools in all states should open as daycares for kids who don’t have an adult at home during the day. Schools should not open in states with rising numbers. Remote learning might not be as effective but it will keep everyone safe. The Northeast is the only area in the US where cases are stable. Schools there should think about opening and having a mix of in-school learning and remote learning.
3. Masks are slowly evolving
Masks are getting more interesting as people add their own twists. Jewelers in India are adding diamond studs to their masks and selling them for over $2000. They are also making masks made from gold and silver while following guidelines. Belgian designers are turning masks into luxury fashion statements. The masks are made from exotic material like linen and cashmere. Companies are also making custom face masks for a custom fitting. The masks are more comfortable and effective but require a lot more effort to make. MIT has developed an affordable and reusable mask. It is as effective as the N95 and is made with materials like silicon. The mask can be cleaned quickly and the filter needs to be changed every day. This mask will be very important for front line workers and it will help with the shortage of personal protective equipment.
4. UAE and China launch missions to Mars
The UAE launched a mission to Mars earlier this week, making it the first Arab country to launch a mission to another planet. The country sent a probe to the red planet, giving us a comprehensive picture of Mars’s atmosphere. The Probe was named Hope, for a number of reasons. Oil is the bedrock of the UAE’s economy, but demand is expected to peak this decade. Diversifying the economy has become very important and this is going to help. It will also provide important information on the planet’s atmosphere. The Probe is expected to reach Mars in 2021. China also launched a rocket holding a Chinese orbiter, lander, and rover this Thursday. NASA is expected to launch a $2.4 billion rover at the end of July. All three missions will take advantage of the location of Mars and Earth that is properly lined up every 26 months.
5. Mike Tyson and Roy Jones Jr are returning to the ring
Mike Tyson, 54, a former undisputed heavyweight champion is making a comeback. Tyson (50 -6) became the youngest heavyweight champion when he beat Trevor Berbick at the age of 20. He last fought professionally in 2005 and lost to Irishman Kevin McBride. Roy Jones Jr, 51, has won numerous titles in middleweight, super middleweight, light heavyweight and heavyweight. Tyson explained the reasoning behind his comeback in an interview saying, “It’s because I can do it. And I believe other people believe they can do it too. Just because we are 54, it doesn’t mean that we have to start a new career and our lives are totally over.” Jones (66–9) responded in an interview, “I’ve been trying to enjoy retirement, but people don’t seem to want to let me retire. They keep calling me, telling me that Mike wants to come back and that you’d be a great opponent for Mike.” The fight will take place in Los Angeles on September 12th. It will be over eight rounds and broadcast on pay-per-view.
Above were my top stories for the week ending July 25, 2020, hope you liked it. Please leave your feedback or point of view in the form of a comment. Thanks.
See you next week!