Mar. 5, 2020


President Donald Trump on Thursday said he would withhold money from so-called sanctuary jurisdictions after a U.S. court ruled that his administration could block federal law enforcement funds to states and cities that do not cooperate with federal immigration authorities.

President Trump met with executives from some of the top airlines who said they've stepped up procedures to keep planes "clean and disinfected" amid concerns about the coronavirus.

The U.S. House of Representatives overwhelmingly approved on Wednesday an $8.3 billion bill to combat the spread of the new coronavirus and develop vaccines for the highly contagious disease, sending it to the Senate for final passage.

The highly contagious coronavirus currently making its way around the world had its first impact on the 2020 U.S. election campaign as Washington state Democrats canceled an upcoming weekend fundraiser just days before the party primary there.

The Senate Judiciary Committee said on Wednesday it would hold a hearing on March 11 to discuss legislation aimed at curbing the online distribution of child sexual abuse material and penalizing companies that offer encryption.

Japanese Prime Minister Shinzo Abe on Thursday ordered a two-week quarantine for all visitors from China and South Korea in response to the widening coronavirus crisis, and his government signaled that the Tokyo Olympics would go ahead as planned.

Europe is experiencing delays in supplies of medicines and face masks because of coronavirus disruptions, according to EU and industry officials, compounding already acute shortages of drugs on the continent.

A growing number of countries around the world have been evacuating or planning to evacuate diplomatic staff and citizens from areas hit by the new coronavirus.

OPEC agreed to cut oil output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to support prices that have been hit by the coronavirus outbreak, but made its action conditional on Russia and others joining in.

Amazon and Facebook on Thursday joined Microsoft in recommending employees in the Seattle area to work from home after several people in the region were infected with the coronavirus.

Iranian Supreme Leader Ayatollah Ali Khamenei urged India on Thursday to "confront extremist Hindus" and "stop the massacre of Muslims", adding to the international fallout over deadly Hindu-Muslim violence in New Delhi.

The number of Americans filing for unemployment benefits fell last week, initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted 216,000 for the week ended Feb. 29.

Prices of disinfectants and hand sanitizers online soared to as much as 40 times normal rates. Amazon on Thursday found a 600ml bottle of Defendol hospital grade antibacterial hand gel on offer by three different sellers at either $166.63 or $193.76.

AP Top Stories

Iran has reportedly stockpiled enough uranium for a nuclear weapon for the first time since President Donald Trump withdrew the US from the 2015 nuclear deal, in the latest sign that his maximum pressure strategy is failing.

California declared a state of emergency on Wednesday after it reporting the first death from coronavirus in the state in Placer County, located near Sacramento.

Virginia became the first state in the South to ban the discredited practice of conversion therapy for LGBTQ children, making it the 20th state, plus the District of Columbia, to ban the practice.

The Arizona House passed a bill on Tuesday that would ban the participation of males who identify as female in women's sports programs in the state.

Chinese authorities have told people to stay away from the border with North Korea, which has banned people from China to keep out the coronavirus, or risk being shot by North Korean guards.

Almost 300 million students worldwide faced weeks at home with Italy and India the latest to shut schools over the deadly new coronavirus, as the IMF urged an all-out global offensive against the epidemic.


Turkey says it is deploying 1,000 police officers to its land border with Greece to halt the pushback of migrants into Turkey. Since early Saturday its forces have prevented the illegal entry of 34,778 people and arrested 244.

Files discovered in Argentina reveal the names of 12,000 Nazis who lived there in the 1930s and many had Swiss bank accounts, researchers said. "We believe that these long-dormant accounts hold monies looted from Jewish victims," the center says.

Africa is yet to suffer a major outbreak of the coronavirus Covid-19, but if it did strike, the consequences could be catastrophic.


The U.S. Supreme Court announced it will hear a case challenging the constitutionality of the Affordable Care Act.

Google is canceling in-person attendance for one of its most important events, Google IO, due to the spreading of the coronavirus, a company spokesperson confirmed. The company said in an email to attendees that it will refund those who bought tickets.

A Catholic university in Maryland is hosting an event "celebrating the power of women and girls" that will feature a host of pro-abortion-rights and gay activist speakers, including several dissident nuns, along with the former president of Planned Parenthood and a former affiliate of the pro-abortion group NARAL.

Add new comment

Plain text


McAlvany Weekly Commentary provides investors with valuable monetary, economic, geo-political and financial information that cannot be found on Wall Street. Your host David McAlvany presents a solid strategy of wealth preservation for your financial and retirement assets while living in an unstable economy.

Through its client focused, customized approach, MWM is committed to providing independent, well-researched, objective advice, and investment professionalism. At MWM, our client commitment is to preserve capital, manage risk, and grow your assets in an ever-changing global environment.

At International Collectors Associates (ICA), we specialize in the sale of bullion, semi-rare U.S. and European gold coins and secure offshore storage in Switzerland for your precious metals. Our highly trained and experienced advisors strive to help you in customizing solid strategies of wealth preservation for your financial and retirement assets.

McAlvany Financial Group

The McAlvany Financial Group has a contrarian, in-depth approach to its analysis, allowing the company to avoid decisions based on emotion, and thus combine maximum risk mitigation with consistent real growth for its clients’ investments. Integrity, attentiveness, and longevity have characterized the company’s client relationships since 1972.