Tag Archives: Covid

PM Rishi Sunak will unite the UK not with words, but with action

PM Rishi Sunak started his first day as a PM with a speech. It is his first speech as a PM outside 10 downing street. He is UK`s third PM within 50 days and that speaks for itself. The UK is in trouble, but PM Rishi Sunak wants to fix it.

Rishi Sunak reminds me of Barrack Obama. He was the first black man to be president of the US. Sunak is the first Hindu, non-white PM in the UK. Not only that. Rishi Sunak seems to have the same mindset.

In the speech you can see below, Sunak is talking about Change. Just like Obama. He also talked about change. Sunak is also talking about hope, and as you may know, Obama talked about that as well.

They`re both non-white, and this is also about racism. Obama was a good speaker, and so far Sunak seems to be that as well.

This government will have integrity, professionalism, and accountability at every level, Sunak said. This is what he said in his speech on Wednesday:

“Good morning; I have just been to Buckingham palace and accepted his majesty the king’s invitation to form a government in his name.

“It’s only right to explain why I’m standing here as your new PM.

“Right now, our country is facing a profound economic crisis. The aftermath of COVID still lingers. Putin’s war in Ukraine has destabilized energy markets and supply chains worldwide.

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“I want to pay tribute to my predecessor Liz Truss. She was not wrong to want to improve growth in this country. It is a noble aim. And I admired her restlessness to create change.

“But some mistakes were made – not born of ill will or bad intentions. Quite the opposite, in fact. But mistakes, nonetheless. And I have been elected as leader of my party and your prime minister, in part to fix them, and that work begins immediately.

“I will place economic stability and confidence at the heart of this government’s agenda. This will mean difficult decisions to come.

“But you saw me, during COVID, doing everything I could to protect people and businesses with schemes like furlough. There are always limits more so now than ever, but I promise you this, I’ll bring that same compassion to the challenges we face today.

“The government I lead will not leave the next generation – your children and grandchildren – with a debt to settle that we were too weak to pay ourselves.

“I will unite our country not with words, but with action. I will work day in and day out to deliver for you. This government will have integrity, professionalism, and accountability at every level. Trust is earned and I will earn yours.

“I will always be grateful to Boris Johnson for his incredible achievements as prime minister, and I treasure his warmth and generosity of spirit. And I know he would agree that the mandate my party earned in 2019 is not the sole property of any one individual. It is a mandate that belongs to and unites all of us. And the heart of that mandate is our manifesto. I will deliver on its promise.

“A stronger NHS, better schools, safer streets, control of our borders, protecting our environment, supporting our armed forces, leveling up, and building an economy that embraces the opportunities of Brexit where businesses invest, innovate and create jobs.

“I understand how difficult this moment is, after the billions of pounds it cost us to combat COVID, after all the dislocations that caused in the midst of a terrible war that must be seen successfully to its conclusions.

“I fully appreciate how hard things are, and I understand, too, that I have work to do to restore trust after all that has happened.

“All I can say is that I’m not daunted; I know the high office I have accepted, and I hope to live up to its demands, but when the opportunity to serve comes along, you cannot question the moment, only your willingness, so I stand here before you ready to lead our country into the future, to put your needs above politics, to reach out and build a government that represents the very best traditions of my party.

“Together we can achieve incredible things; we will create a future worthy of the sacrifices so many have made and fill tomorrow and every day thereafter with hope.

“Thank you.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Walmart and Target in focus

Walmart and Target is in focus for me this week. Two corporations in the same business but also very different. Walmart is a giant while Target is smaller with more growth potential. Walmart will report earnings on Tuesday before the market opens. Target on Wednesday.

Walmart`s EPS forecast for the quarter is $1,21. The reported EPS for the same quarter last year was $1,18. The consensus EPS forecast for Target`s quarter is $2,11 vs $0,59 for the same quarter last year.

The numbers for Target looks better than the giant Walmart, but the number as a whole will also give us more information about the consumer spending during the Covid-19 pandemic recovery.

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Walmart has been one of the big winners thanks to the pandemic, and reported record fourth-quarter and fullyear sales in February. However, the momentum slowed down in the first three months of the year. So, two more rounds of direct checks to most Americans didn`t help this time.

Analysts expect to see Walmart`s revenue dip 2% but earnings to rise by 4%. The company has been shelling out additional capital to raise wages for workers and build out its relationships with shoppers.

Walmart will spend nearly $14 billion in the current fiscal year to build out supply chain capacity and automation to keep pace with demand. Investors will look at Walmart`s newer initiatives in this week`s earnings report.

Target is smaller but grow faster. The company is expected a growth of 10,1% from the prior-year reported figure. It`s also estimated a big jump for Target`s earnings on Wednesday. EPS has risen to $2,11 which is a sharp improvement from 59 cents from a year ago.

Target is also one of the biggest winners during the pandemic, and its one-stop shopping destinations has been a big success. Same-day delivery of in-store purchases and fast track technology improvements has also been a great success for Target.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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