For the week of September 14-18, the index comprising 30 bonds was up 2.2% Year-to-Date, unchanged from last week. This is the third week in a row where the index stays largely stagnant, though it is worth noting that the already highly performing bonds moved in price this week, while the already poorly performing ones remained mostly stagnant or dropped slightly.
The Airline Industry was arguably hit harder by the pandemic than any other industry, so the steps they had to take to stay afloat this year have been drastic.
This report covers the state of the industry prior to the pandemic, how it shut down, what Hollywood and business owners were able to do to compensate, when and how they decided to reopen, and how the release of Tenet might be what the industry needs to get back on track.
Total preliminary initial unemployment claims were down 16% from the previous week. The industry with the largest upticks in new claims was Management of Companies and Enterprises, seeing a 10% increase in new claims, while the Retail Trade industry saw a 30% decrease in new weekly initial claims since last week. Overall, most industries significantly improved this week, with relatively very few new claims since last week.
For the week of September 7-11, the Georgia public firms index dropped -0.9% this week in price. The index is down -2.9% YTD.
For the week of September 7-11, the index comprising 30 bonds was up 2.2% Year-to-Date, increasing by 0.1 percentage points YTD. This is the second week in a row where the index stays largely stagnant, though it is worth noting that the already highly performing bonds increased in price this week, while the already poorly performing ones decreased.
We track daily real estate data including vacancy rates and asking rents per square foot compared to previous year for both the office and retail spaces in the Atlanta Metro Area. We also compare vacancies % increase from last year. When it there is volatility in the daily information we smooth this data by using weekly average instead.
Listen to how Georgia Tech’s Mental Health Service Divisions in Student Life have effectively supported the local student population in addressing mental and physical well-being concerns during COVID-19, and how they intend to introduce hybrid in-person and virtual counseling services post-COVID.
Listen to the Second Quarter (Q2) Earning calls from some of Georgia’s major public firms – The Coca-Cola Company, The Home Depot, UPS, NCR, and Equifax – and how they aim to address industry impacts from COVID-19. Additionally, leaders in these industries discuss their Q2 performance measures and address how new business models and strategies will lead to future success.
Labor Day weekend was a huge weekend for fine dining restaurants, with Sunday reporting a massive influx of restaurant reservations. The national average jumped up to only being -14% below normal traffic, while GA specifically reported 4% over last year. The weekly average for the country climbed 6.8% last week, while Georgia’s weekly average climbed 7.5%.
Photo of an undetermined Georgia Tech home game during the 1918 college football season. That's when the sport was hit by the Spanish flu and the end of World War I.
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