Over one-third of Americans are under shelter-in-place orders. Unemployment claims have reached historic levels. The Fed has reduced short-term interest rates to zero and injected billions of dollars into the banking system. Congress is working on a $2 trillion dollar stimulus package. On one front we are evolving practices to keep our employees and customers safe from the virus. On another front we need to prepare our business to enter a deep recession. What will be the impact of our unprecedented quarantining measures on our economy and industry? And what do we need to do to weather this storm?
David Nelson, Ph.D., founder of Study Groups and Professor of Economics at Western Washington University, will offer his thoughts on the virus’ economic impact.
Study Group Members Don Stephenson, CEO of Cary Oil in NC, and Johnny Milazzo, CEO of Lard Oil in LA, will share industry trends they are seeing in their markets.
And bankers, Mike Phelps, Managing Director and Group Head of Convenience and Retail Fuels at Citizens Bank, and Stephen Ward, Business Banking Officer at US Bank, will provide advice for our firms from a banker’s perspective on how we can weather this storm.
The complimentary webinar is designed for owners, Ops, finance, HR, and those looking to best respond to this emerging threat. Jed Brewer will moderate the call. The webinar is co-sponsored by Study Groups and The Below the Line Club and will last approximately one hour. We invite you and/or members of your team to participate.