WHERE ARE THE REAL PEOPLE?

CNBC 

MORNING SQUAWK

1. Market malaise The Dow Jones Industrial Average and S&P 500 have fallen for two straight weeks. A flurry of data that will hint at the health of the economy — along with debt ceiling talks in Washington — will help to determine if stocks can break the losing streak. A survey that tracks manufacturing sentiment in New York will hit Monday, followed by retail sales Tuesday and weekly initial jobless claims Thursday. Earnings from Home Depot, Target and Walmart will paint a picture of how consumers are spending. A string of remarks from regional Federal Reserve Bank presidents will also offer a window into whether the central bank plans to suspend interest rate hikes. Follow live market updates.   2. Debt ceiling clock is ticking The window for the U.S. to avoid a debt default is shrinking. Congress and the White House now have as few as 2½ weeks to break an impasse and avoid a calamity that would upend the economy and jeopardize government benefits. Staff for President Joe Biden and congressional leaders met over the weekend, and the highest-ranking ranking officials in Washington are expected to huddle Tuesday for the second straight week. Biden said Saturday that the talks are “moving along” but have not yet reached a “crunch point.”

3. Retail earnings rush Retail will dominate the slate of corporate earnings this week. Reports from Home Depot, Target and Walmart on consecutive days will give more clues about how high prices have affected discretionary spending — and how companies are adapting to more cost-conscious consumers. Investors will also watch for hints the companies offer about the health of the economy moving forward. Here’s the earnings schedule this week: Tuesday: Home Depot (before the bell) Wednesday: Target (before the bell) Thursday: Walmart (before the bell)   4. Vice bankruptcy Vice Media was once valued at $5.7 billion, as a digital upstart that drew attention and money from legacy companies. Vice filed Monday for Chapter 11 bankruptcy protection. The brand is one of a handful of digital outlets that have taken a hit this year as economic concerns mount. A consortium that includes Fortress Investment, Soros Fund Management and Monroe Capital has made a $225 million credit bid for Vice, including $20 million to fund its operations during the sale process.   5. Turkey election could go to runoff Turkey’s high-stakes presidential election appears headed to a runoff. With nearly all votes counted, neither incumbent President Recep Tayyip Erdogan nor challenger Kemal Kilicdaroglu had secured the 50% of votes needed to win the race outright. Kilicdaroglu has run as a reform candidate after Erdogan increasingly consolidated power during his two decades as the country’s leader. Turkey’s economy has struggled, and Erdogan has come under scrutiny for his skepticism about expanding NATO during Russia’s war in Ukraine.   — CNBC’s Jacob Pramuk wrote this newsletter. Sarah Min, Elliott Smith and Natasha Turak contributed.   — Follow Squawk Pod for the best conversations and analysis from Squawk Box in a curated, daily podcast.

MARY, ME and BUDDIE

 

MAY 14, 2023

L-R:  Ms. Jeanette Bond Glass - my mother, Ms. Yvette - my one and only and Me - Mary Glass

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On June 3, 1982, around 12:13 am a very special gift arrived at Cedar Sinai Hospital in Beverly Hills, CA., my daughter.  Her name is Yvette Terease Flagg.

She came into the world stamped in the DNA with a special gift of presence.  She came with a "creative" spirit - a talent for beautifying human traits.

I was 37 years when I had Ms. Yvette.

She and I were physically together on this earth for 22 years.  

Yeah.  Much too short of time.

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Last year I celebrated her 40th Birthday with a toast of Yvette 

@ 40 - TOP OF THE CLEVELAND HILTON - 32ND FLOOR.

Mama

 MAY 14, 2023

WORLDWIDE || TODAY IS MOTHER'S DAY.

A mother is the female parent of a child. A woman may be considered a mother by virtue of having given birth, by raising a child who may or may not be her biological offspring, or by supplying her ovum for fertilization in the case of gestational surrogacy. Wikipedia.

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“Go," she whispered. "Go. Show them you spell your name W-O-M-A-N.”
― Maya Angelou, Mom & Me & Mom

Kentucky Derby 2023 (FULL RACE) | NBC Sports

MAY 6, 2023

WINNER MADGE

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The field of horses round the final turn for the 149^th running of the Kentucky Derby at Churchill Downs in Louisville.

Javier Castellano aboard MADGE wins the 149^th running of KD. 

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Mary Glass is a horse racing fan.

You GO Javier and MADGE.

MAY is Mental Awareness Month - Can we count you in?

 

CLICK IMAGE to Enlarge

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MAY 3, 2023

GLOBAL || COMMUNITIES - May 1-May 31, 2023, FRIENDS OF PUBLIC POLICY, a NEW group with a 2-month ANNOUNCEMENT (April/May) to launch a DEI/DIVERSITY-EQUITY-INCLUSION campaign to highlight race, ethnicity, gender, and age.  To point out how discrimination, homelessness, mental illness, quality of life, and economic development factors are the root causes of global disparities.

How elected, appointed, hired, and donor-for-hire government representatives in communities must have a code of conduct that includes honoring the Oath of office, Smart Growth mandated by the 10 principles of strategic planning and accountability,

The local government must be informed about wealth-building, therefore, the Federal Reserve and the banks should be connected with building a city-town-village framework of wealth that includes its annual budget.   

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DAILY WOUNDS IN MENTAL ILLNESS

The growing number of individuals suffering after the COVID pandemic and long bouts of unemployment have increased anxiety, depression, drug intake, and drug overdose.

The pandemic has affected the public’s mental health and well-being in a variety of ways, including isolation and loneliness, job loss and financial instability, and illness and grief. Concerns about mental health and substance use remain elevated three years after the onset of the COVID-19 pandemic, with 90% of U.S. adults believing that the country is facing a mental health crisis, according to a recent KFF/CNN survey. 

MENTAL HEALTH MONTH