The Month Coronavirus Unraveled American Business | WSJ Documentary

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  • Опубліковано 20 гру 2020
  • March 2020 began on a high note for American business and ended with the economy in tatters
    This WSJ documentary goes behind-the-scenes to reveal how the coronavirus pandemic ripped through American business during the month of March 2020 -- told through the firsthand accounts of 12 prominent executives.
    When the coronavirus tore through industry, commerce and society in March 2020, the U.S. economy came to a screeching halt. Top executives relive the tough decisions they made as they scrambled to weather the storm.
    Photo Illustration: Adele Morgan/The Wall Street Journal
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    #WSJ #Documentary

КОМЕНТАРІ • 1,2 тис.

  • @mckenziemcmillan2324
    @mckenziemcmillan2324 Рік тому +57

    It's wild watching this now 2 years later. As the world rebounds I think this is the first time I've had a chance to reflect on how absolutely unreal of a historic global event this was/is - its nuts

  • @jamie6298
    @jamie6298 3 роки тому +263

    This felt like watching a movie, except for the fact that I experienced it first hand.

    • @sabrinabrooks6287
      @sabrinabrooks6287 3 роки тому +2

      Don't give up

    • @rico6546
      @rico6546 3 роки тому +1

      You still are experiencing it.

    • @Y2Kr4SHM4N
      @Y2Kr4SHM4N 3 роки тому +1

      Still years to go. Hang in there.

    • @mohamadalswaid2334
      @mohamadalswaid2334 3 роки тому

      Now many Palestinians die without guilt or even their only sin is that they defend their land from the Israeli occupation that robbed it and still wants to control the rest of it. Palestine was not our cause as Palestinians alone, but it is the issue of every human being who has a living conscience and claims humanity and every Muslim and every Arab, now many children, women, men and the elderly even with special needs in Palestine, especially Gaza, are promoting martyrs in order to defend the homeland, what sin did they kill!? Many young men in Jerusalem and the occupied territories in 1948 were arrested regardless of gender and age, and women and children were also arrested without charge.
      #Save Sheikh Jarrah's neighborhood.
      #save gaza

    • @shivanandpandey3788
      @shivanandpandey3788 2 роки тому +1

      @@Y2Kr4SHM4N 💓💓💓

  • @kimjohnson8471
    @kimjohnson8471 3 роки тому +234

    March 2020. The longest 3 years in the history of humankind.

    • @janea4777
      @janea4777 3 роки тому +3

      Hear hear.

    • @RandoBurner
      @RandoBurner 3 роки тому +1

      Did you forget 1941-1944?Or were you just being dramatic?

    • @kimjohnson8471
      @kimjohnson8471 3 роки тому +15

      @@RandoBurner No, because 41-44 WAS three years. March was 31 days and felt like 3 years!

    • @mariamaceesay6223
      @mariamaceesay6223 3 роки тому

      Yeah! Absolutely True

    • @johnortiz9521
      @johnortiz9521 2 роки тому

      Amen

  • @ptys.
    @ptys. 3 роки тому +974

    Amazing watching a dramatic tale of historic events and realising... we are still in the middle of it.

  • @fitchefdave
    @fitchefdave 3 роки тому +135

    bro when it began i was the chef at the Hilton and it started by the manager saying so far we're good no worries. in 2 days 500 people canceled their room reservations for the month and then the chef said 'no need to come in thursday or friday then the next day "hey chef dont come in at all we're done"

    • @bringittome919
      @bringittome919 3 роки тому +13

      *So sorry to hear that. I hope everything gets back to normal again for you and the world!* 💜

    • @MultiSam123456789101
      @MultiSam123456789101 3 роки тому +18

      I worked in food and beverage with the Marriotts. They initially told us to make budgets plans and work out ideas for innovative sales strategies. The useless video calls made no sense because who knew what the future would hold. They started with the management on salary cuts of 50 -30-20 depending on their level. They put forward the idea of sabitcals and anyone who voted for it was asked to leave. They promised rehire as soon as it would pick up and to my shock the management hired a completely new staff at lower salaries. Funny enough our entire HR team was promoted 2 levels each. BTW the first Marriott's property to open post lockdowns were all in China. Meaning the chinese team knew exactly what was happening and even though marriott was an American based company they did not indicate the severity of the situation to anyone or our management just made us work like dogs and didnt help us prepare for the worst possible outcome.

    • @fitchefdave
      @fitchefdave 3 роки тому +2

      @@MultiSam123456789101 now currently in Los Angeles we've been shut down for over a month when it was supposed to be "3 weeks" now im hearing this could be another couple months. i dont understand it i went to the glendale mall this christmas 4 times and it was slammed like you cant say there is a difference between that and eating outdoors

    • @MultiSam123456789101
      @MultiSam123456789101 3 роки тому +6

      @@fitchefdave honestly I've lost hope in big corporations and mass produced "hospitality groups " I hope people move past the high end luxury phase and genuinely support local business that honestly have better product at 1/3 the cost.

    • @life5161
      @life5161 3 роки тому +2

      Just pull yourself self up by the boot straps and find another job or 3. 😆 THAT'S how people act. So many good paying jobs to choose from. People are just lazy and want free hand outs. I hope u sense my sarcasm. I HATE PEOPLE

  • @FinancialShinanigan
    @FinancialShinanigan 3 роки тому +764

    And most of the stocks have recovered but most Americans are in ruins

    • @mark-ish
      @mark-ish 3 роки тому +15

      Yep.
      I went in to the market at bought me some stock....since bonds would be worthless for the 20s decade this imax guy has his millions to splash and recoup in a year.

    • @abrar__sami
      @abrar__sami 3 роки тому +5

      Yes and that'll take time. The stocks recovery is a glimpse of hope for the world economy as whole.

    • @Monk-Amani.
      @Monk-Amani. 3 роки тому +6

      And most are overpriced.

    • @pleasedonotatme
      @pleasedonotatme 3 роки тому +27

      Most stocks have not recovered. If you look at stocks by industry, only a few have actually recovered. Most are still far below where they were in February 2020. Stop spreading misonformation because you can't care to research anything.

    • @tbz1551
      @tbz1551 3 роки тому +42

      The stock market is not the economy. That is like saying because Apple is doing well the guy who owns a computer repair shop is successful. Most people understand this isn't reality yet don't apply the same logic to the indices. It's baffling.

  • @boggsanonymous1787
    @boggsanonymous1787 3 роки тому +39

    You know what's kind of messed up all these Executives and CEOs talking about how much money they made this year for a company but yet jobs are still scarce at that time and a lot of them hardly paid a livable wage

    • @agnesi8690
      @agnesi8690 3 роки тому +1

      It's like they are mentally ill. Makes you think.

    • @user-xc7iq4cm8t
      @user-xc7iq4cm8t 3 роки тому +1

      The “big banks” consistently making trillions$ in profits even though they were NEVER held accountable for the millions of homes homes they stole.

  • @ruisen2000
    @ruisen2000 3 роки тому +85

    "Hilton is going to zero"
    Says Ackman while he was probably buying up all the shares at half price lol

    • @trevorchoy8867
      @trevorchoy8867 3 роки тому +8

      Worse. He was shorting the whole market.

  • @jassstraps6654
    @jassstraps6654 3 роки тому +36

    I don’t care about what a bunch of CEOs have to say. They have nothing to worry about. I want to hear from the regular people.

    • @Xind0898
      @Xind0898 3 роки тому +2

      this is wall street journal. it specialises in reporting the big-corp economies. if you want reporting on SMB there are tons of reporting on other media platforms.

    • @chaosXP3RT
      @chaosXP3RT 3 роки тому +1

      The CEO's are the ones who will get us out of this mess

    • @alwayscrispy666
      @alwayscrispy666 3 роки тому

      Nope this will suffice. I talked with regular people daily at my job since it was "essential". I got to hear crazy stories and I lost some regulars but gained some more in the process

    • @dnmurphy48
      @dnmurphy48 3 роки тому

      Regular people know very little and are not interesting.

  • @BehruzbekOtayev
    @BehruzbekOtayev 3 роки тому +143

    Yet you forgot the most important thing: it ain't over yet.

    • @edixasanchezpacheco3692
      @edixasanchezpacheco3692 3 роки тому +5

      Yeah, it’s amazing how people talk as if this situation is over, but yet it’s just the beginning 🤔

    • @dnmurphy48
      @dnmurphy48 3 роки тому +3

      It will be at least 6 months before this is even close to being under control and will get worse before it gets better. In the UK where I live, cases are rising beyond April levels, deaths are still high, lockdowns are getting worse and vaccination rates are not fast enough.

    • @ronnickels5193
      @ronnickels5193 3 роки тому

      @@dnmurphy48 at least you're government is TRYING to control the virus. Here in the States we've pretty much given up.

  • @JoseLopez-eo4ze
    @JoseLopez-eo4ze 3 роки тому +367

    The worst part is that WSJ doesn't acknowledge that this was a long time coming. These businesses were over leveraged. If it wasn't a pandemic, something else was going to crash it.

    • @Monk-Amani.
      @Monk-Amani. 3 роки тому +8

      Planned-demic was just a cover. Everything was done to ignore it.
      The Market has been a manipulated and manufactured since Nixon. Lots of people are going to die.

    • @xIzonegamingIx
      @xIzonegamingIx 3 роки тому +9

      @@Monk-Amani. The market was manipulated far before Nixon. He made a few extremely terrible decisions in order to save face and screwed over future generations... But his choice was brought upon him by those before him.

    • @noirto2
      @noirto2 3 роки тому +22

      well a paycheck to paycheck economy isn't what you can stable if you shut down over any period of time.

    • @tbz1551
      @tbz1551 3 роки тому +12

      Did you watch the video? "These businesses"? You mean the ones highlighted in the video that mostly talked about how they've been able to navigate this BECAUSE they weren't over leveraged and had liquidity and planning that helped avoid disaster.

    • @ggc7318
      @ggc7318 3 роки тому

      They can't wait to do more businesses with China

  • @salv02
    @salv02 3 роки тому +67

    The arrogance of these CEOs is mind numbing. They know nothing of what everyday people are going through.

    • @Xind0898
      @Xind0898 3 роки тому +6

      why would they need to know? they are CEOs, not politicians

    • @alcyonae
      @alcyonae 3 роки тому +4

      There’s more than one story to tell. This isn’t about everyday people, it’s about businesses. I appreciate they kept their focus.

    • @SoAS26
      @SoAS26 3 роки тому

      What?? They are just talking about their job!! How is that arrogance??

    • @willlawrence8756
      @willlawrence8756 3 роки тому

      They know, just too busy making money to think much about it....that's their job....if their business fails, maybe they will become social workers, nice secure job! We are going to need lots of social workers....paid and unpaid!

    • @goneviral6037
      @goneviral6037 3 роки тому

      😂😂😂😂😂😂

  • @MrShanester117
    @MrShanester117 3 роки тому +253

    This is a video about how the people screwing everyone over for massive profits are crying about how the gravy train isn’t fast enough anymore

    • @KaneneProductions
      @KaneneProductions 3 роки тому +19

      Best Summation.

    • @djssquibbs3295
      @djssquibbs3295 3 роки тому +8

      I could not have said it better myself

    • @MariW736
      @MariW736 3 роки тому +2

      Truer words....

    • @dnmurphy48
      @dnmurphy48 3 роки тому +1

      They pay your wages unless you want a soviet style command and control economy.

    • @MariW736
      @MariW736 3 роки тому +12

      @@dnmurphy48 They actually don’t really pay our wages. A lot of these companies pay poverty level income, and then they tell us employees to go get in the Social Security, food stamps, Medicaid line, which they don’t pay into because American taxes are most heavily paid by the lower middle class, while our major corporations that hoard billions in profit get off Scott free with barely a penny paid anywhere along the way.
      They literally literally literally profit billions of dollars off the fact that they don’t have to pay their employees appropriate wages for us to earn them all that free money. If they used a tiny bit of that profit to actually pay their employees properly, our country would have a much much smaller need for all the social services that we rely on and yet disdain at the same time.
      I’d be rich AF also, if I could get everybody else around me to work for me essentially for free, and then tell them “ too bad, so sad, go figure out somewhere else to get your rent and food money from.”

  • @datguyoverdere6616
    @datguyoverdere6616 3 роки тому +169

    I hear alot of sucking up from the people who made cash and told everyone theres nothing to worry about, nobody is buying it

    • @meeravinod7165
      @meeravinod7165 3 роки тому +11

      I'd never have the guts to take part in a programme like this with the shame and the realization of the destruction and trauma I caused. These people are all true narcissistic psychopaths. That's the only reason they are able to look into the camera and do it.

    • @ggc7318
      @ggc7318 3 роки тому +1

      Thanks to China

    • @angelaonthego
      @angelaonthego 3 роки тому +2

      Just yes. There was a rash of sudden CEO resignations in January. The patsys in this video may not have known. But some upper Echelons knew. If you believe this.

  • @stockbag
    @stockbag 3 роки тому +148

    Not a single one of these talking heads lost a penny, personally.

    • @haydenjardine9178
      @haydenjardine9178 3 роки тому +9

      Yes they gained

    • @Sem5626
      @Sem5626 3 роки тому +16

      exactly, i don't know why there are so many comments of WOW ... THIS VIDEO IS SO GOOD
      all these scum bags dragged their feet on stopping the spread because they wanted to protect their bottom line

    • @stockbag
      @stockbag 3 роки тому

      @@Sem5626 Consider your source - the WSJ isn't looking to do anything but get bizniss to advertise. This is corporate pablum of the highest order. I've blocked the channel.

    • @cahoutcharles961
      @cahoutcharles961 3 роки тому +2

      They probably lost millions but that doesn't really affect their lives.

    • @0404chrisjz
      @0404chrisjz 3 роки тому

      Lol millions of regular ppl are still at home making more then ever because of unemployment so

  • @timvyfvinkel4542
    @timvyfvinkel4542 3 роки тому +51

    None of the people interviewed had to go to work. They sat at home in the castle while employees like me had to work everyday, making these people money. Its not about people and their health, it's all about the market impact Those people all make me sick. Out of touch.

    • @CharleyMK9867
      @CharleyMK9867 3 роки тому +4

      You couldn't be more right..look at the backgrounds of where they are sitting. And where did they send those poor sick workers?? I didn't hear them saying they were giving them masks EVERYDAY..OR any other ppe supplies.

    • @dnmurphy48
      @dnmurphy48 3 роки тому +1

      YOu were making money for yourself in the form of wages. had they shut down the business straight away you'd have been bankrupt in weeks. Without them setting you business you would not have a job and. government would not have taxes. I doubt they are any greedier than you, but at least they do something you seem to think everyone else owes you a living.

    • @CharleyMK9867
      @CharleyMK9867 3 роки тому +1

      @@dnmurphy48 1st this is a direct quote from you "without them setting you business you would not have a job and. government would not have taxes. 🤦‍♂️..where 2 start w/that? Well if the government would have shutoff flights from China completely,told us 2 wear masks,also had been 100% honest with us about how contagious Covid-19 is, & Trump had ACTUALLY done his job & worked w/ALL of the states,especially New York RIGHT from the beginning,The United States wouldn't still be losing so many lives. I could go on & on about how Trump has COMPLETELY failed in getting control over this pandemic. And that is why he lost this Election.

    • @timvyfvinkel4542
      @timvyfvinkel4542 3 роки тому +1

      @@dnmurphy48 yeah the government shut down all small business, literally killing them, but the Big business, they TOLD the government they were staying open, and the government had no choice, they would never go against Big business in a million years. The big money wins every time and the people pay the price with their health.

    • @SubvertTheState
      @SubvertTheState 3 роки тому

      @@dnmurphy48 That sentiment is being shared by the government too. Congress passes a 'Very Generous' $600 relief payment nearly 10 months after mandating shut downs? I thought I paid nearly 1/3 of my wages to the government, which in turn provides security and services the private sector doesn't. The government doing their jobs half-assed and like toddlers want a pat on the back. I worked every business day plus overtime the whole pandemic, the company didn't "provide me with business". I provided the company processed, finished product that could be sold for revenue. It's just that I require compensation if I'm spending my time producing. Free-Market economy is under stress right now, but it's hilarious watching people on TV talk about their 'Swift action to work from their couch' or 'Still providing work for the peasantry'. I'm grateful to still be working despite hectic hours, but I'm glad my company doesn't pretend like I owe them for my work haha.

  • @DanielPriestley
    @DanielPriestley 3 роки тому +48

    I run a small business with ~50 people. On January 26th, I wrote in my diary that I was concerned about the business impact of Covid. I made notes that included the likely potential of a UK restrictions and that we would have to transition away from face to face meetings. I find it really surprising that CEOs of these companies weren’t across this sooner than I was.

    • @cheyennetapiasmith9056
      @cheyennetapiasmith9056 2 роки тому +2

      You thought ahead whereas, they. large businesses were delusional and thought they would be bailed out at a much high percentage of relief funds.

    • @hustlegrind2642
      @hustlegrind2642 Рік тому +1

      likewise. i had similar thoughts. Im not from Ivy leage club either and these CEOs are managing billions of dollar of businesses.

    • @keelsmac01
      @keelsmac01 Рік тому

      Maybe because they knew the truth. This was demonstrated over and over. With world and local leaders shutting down their citizens while partying, wearing no masks and all of it caught on camera. Although, I feel part of it was to bring down Trump..that was only part of it. This was their plan all along…trump getting elected and being potus of the US, he was the only dissenting voice. He had to go down and blamed for all of it.

  • @john6372
    @john6372 3 роки тому +157

    december: "rona is not bad" march: rona is worse than the plague... the people who tried to warn us were discredited and we're just going to forget that we had a three month warning.

    • @Brichanise.Nicole
      @Brichanise.Nicole 3 роки тому +8

      Romans 10:9
      If you declare with your mouth,Jesus is Lord," and believe in your heart that God raised him from the dead, you will be saved

    • @kerisedouglas2028
      @kerisedouglas2028 3 роки тому +3

      Amen!!

    • @marilynonor7758
      @marilynonor7758 3 роки тому +3

      Vaccine is not the way out⚠️ ..It is an evil agenda and programme.The ASTRAZENECA VACCINE IS THE MOST DANGEROUS /DEADLY RNA /DNA VACCINE ..⚠️Do not take the COVID VACCINES ⛔️

    • @caroll6541
      @caroll6541 3 роки тому +2

      @@Brichanise.Nicole ?what?! oh brother🙄 look - I believe too but pls this is not not the format for this! Thx!

  • @baljeetbhachu4273
    @baljeetbhachu4273 3 роки тому +159

    what is scary is how slowthese so-called "very smart people" reacted and cloud reality with statistics and financial concerns

    • @davidingrames6704
      @davidingrames6704 3 роки тому +4

      Bit like trumps total head burial of the pandemic.

    • @joshschwab8009
      @joshschwab8009 3 роки тому +14

      Ummm this is a business channel and the topic is about navigating their business in a pandemic ....

    • @galo15551
      @galo15551 3 роки тому +3

      not smart, savvy and greedy

    • @stefanschleps8758
      @stefanschleps8758 3 роки тому +1

      Greed, like love, clouds the mind.

    • @marilynonor7758
      @marilynonor7758 3 роки тому

      Vaccine is not the way out⚠️ ..It is an evil agenda and programme.The ASTRAZENECA VACCINE IS THE MOST DANGEROUS /DEADLY RNA /DNA VACCINE ..⚠️Do not take the COVID VACCINES ⛔️

  • @danarabuvaeva300
    @danarabuvaeva300 3 роки тому +67

    How about showing what small businesses went through?

    • @linkjourney422
      @linkjourney422 3 роки тому +1

      They probably would if small businesses still existed...😞😞😞

    • @onlyswedishmeatballs1677
      @onlyswedishmeatballs1677 3 роки тому +2

      We should make a documentary on the level of selfishness in the USA, a country that needs to disappear.

  • @Martinmr07
    @Martinmr07 3 роки тому +111

    These people are wealthy and cannot relate with everyday people...

    • @latenightthinker4737
      @latenightthinker4737 3 роки тому

      bruh, did you read the title?

    • @Martinmr07
      @Martinmr07 3 роки тому

      @@latenightthinker4737 Did you pay attention to their talking points. Some talked about how it affects businesses and customers. Yes, businesses were affected, but at the end of the day these people did not suffer like most Americans.These big corporations and their investors are doing fine. Should've also interviewed small businesses - mom and pop shops.

    • @latenightthinker4737
      @latenightthinker4737 3 роки тому +1

      @@Martinmr07 Then look for the documentaries and interviews of small businesses and yes they exist. Ik in my area there are daily podcasts on Seattle's small business and real estate landscape, do you keep up with your state/city?
      Besides,This is the Wall Street Journal, ofc they're talking about big businesses. Big businesses have the biggest impact on American economics. They literally dictate America's global influence and power. They employ millions and millions of Americans.
      Mom and pop shops are practically non existent in American society and lifestyle anyways. It's not like the general American people actually support them anyways.
      Did you expect the Wall Street Journal to do a documentary on Jerry's ice cream truck business?

    • @Martinmr07
      @Martinmr07 3 роки тому

      @@latenightthinker4737 You could not be more wrong. Small businesses are vital to the economy. Yes, big businesses employ millions, but you cannot have one without the other.
      You said it yourself, these corporations have a great deal of influence, that is a problem. No corporations should hold such influence to sake up an industry. Big guy eats the little guy.
      I am well aware of how our government works. This is way corporations buy these crooked politicians. Furthermore, I do not keep up with everything thats going on in my state or city.

    • @latenightthinker4737
      @latenightthinker4737 3 роки тому

      @@Martinmr07 Duh they're vital to the economy, they're like 50% of us economic activity. I'm not debating whether their influence is good or bad, I'm just saying that their level of influence prompts it own documentary. There are plenty of other channels and videos and podcasts that talk about small businesses, but everyone keeps commenting "bUt wHaT aBoUt SMaLL biZ?" on a WSJ video. Like bruh, do you contact the president to change your local laws?

  • @notnef
    @notnef 3 роки тому +111

    "This was the worst." I really hope she's right

    • @richardv9648
      @richardv9648 3 роки тому +10

      Das Schlimmste kommt noch. (the worst is yet to come.)

    • @MontyGumby
      @MontyGumby 3 роки тому

      @@richardv9648 aber bitte

    • @Trollolling
      @Trollolling 3 роки тому +3

      2021: challenge accepted

    • @Monk-Amani.
      @Monk-Amani. 3 роки тому +1

      Far cry.

    • @LunaKilo
      @LunaKilo 3 роки тому

      @@richardv9648 I noticed that one too. How can anyone say "This was the worst" when it is still going on and seems to be getting worse?

  • @stevemolloy2747
    @stevemolloy2747 3 роки тому +86

    CEO said “The first thing we did was looked after our staff” 🤣

    • @demonslayer9772
      @demonslayer9772 3 роки тому +4

      The first thing we did was looked after our staff to start the layoffs. - fixed

  • @txbre8758
    @txbre8758 3 роки тому +31

    When March hit, my roommate was laid off, I had to move out of Seattle, move back home.
    Now, I’m moving to Texas for a promotion with my current company, and my dream job. This year sucked but the end result is a change of good for me

    • @pdlcuadra
      @pdlcuadra 3 роки тому +2

      Congrats! Stay safe out there. 🙏🏼

  • @pdlcuadra
    @pdlcuadra 3 роки тому +45

    Grateful for our farm workers. The ones on ground that never asked for a bail out and keep at it. Blessings and stay safe. 💫

    • @costabryanscott6395
      @costabryanscott6395 3 роки тому

      Hello

    • @freedomordeath89
      @freedomordeath89 3 роки тому +3

      Farming is highly subsidized....

    • @pdlcuadra
      @pdlcuadra 3 роки тому +3

      @@freedomordeath89 The farm owners not the workers. Sadly. 😏

    • @freedomordeath89
      @freedomordeath89 3 роки тому

      @@pdlcuadra of course... But it would be bad even if we subsidised the workers... No one should be subsidised unless he really needs it like if he is homeless etc

    • @pdlcuadra
      @pdlcuadra 3 роки тому

      @@freedomordeath89 More funding in this area won’t damage or hurt anyone and it will improve their quality of life (farmworkers). Besides the homeless, etc.. already have programs in place to aid them and most of the spending from some of those grants stays at the top and is used for administrative expenses and fringe benefits. Unfortunately, their numbers are still not being met and homelessness is high. Sadly, numbers is what these areas worry about not for the people they actually help but who they have enrolled under those programs. We don’t have to agree. On my end humans well being and safety is a priority.
      Stay safe love. Blessings 🙏🏼

  • @jonhughes1525
    @jonhughes1525 3 роки тому +166

    Really sad to hear the billionaire having a loss of profit.

    • @pauldickson3455
      @pauldickson3455 3 роки тому +4

      It has a knock on effect for the worker

    • @tiny456987
      @tiny456987 3 роки тому +4

      If you're talking about bill ackman this was his most profitable year ever. He saw it coming, his 24M USD hedge turned into 2-3B USD

    • @jhingansandesh7789
      @jhingansandesh7789 3 роки тому

      indeeeeeed

    • @locallysourced5581
      @locallysourced5581 3 роки тому +1

      When billionaires lose, we all lose, remember that.

    • @Nionix123
      @Nionix123 3 роки тому +1

      @@locallysourced5581 according to the billionaire, you are a slave to a CEO of you believe that taking profits from one is bad for all

  • @iceman9561
    @iceman9561 3 роки тому +55

    Love these long WSJ documentaries!!

  • @Rudenbehr
    @Rudenbehr 3 роки тому +55

    This video is literally a corporate propaganda piece. They had ALL the information. And frankly most of the complaints here were “revenues are down”

    • @seangarner2687
      @seangarner2687 3 роки тому

      I just started watching, and I'm already disgusted.

  • @sleong
    @sleong 3 роки тому +44

    They left out April thru December where 6 trillion was pumped in and all of this was covered up. They spent about 5 seconds showing how the market recovered and is back at all time highs.

    • @gigihadidnt
      @gigihadidnt 3 роки тому +3

      The title is "The MONTH coronavirus unraveled American business' ..... and your complaining about how they didn't talk about the rest of the year???

    • @alexm566
      @alexm566 3 роки тому +1

      WSJ and PBS actively hide anything good Trump has done. It's sickening the complete blatant bias they have.

    • @gigihadidnt
      @gigihadidnt 3 роки тому +2

      @@alexm566 like the "give the people $2000 checks!" all his so called 'good' is the cherry on top a mountain of sh*te. you think they're hiding it but maybe he just hasn't done that much good?

    • @alexm566
      @alexm566 3 роки тому +1

      @@gigihadidnt four years of the absolute highest economic growth in American history and you're talking about two days ago?!?

    • @pocketlinttreasures33
      @pocketlinttreasures33 3 роки тому +2

      @@alexm566 the economic growth has been happening since 2009... did u not watch the video? Trump did not turn the economy around himself, it was already moving upwards and had steadily been doing so since 2009... he inherited a robustly growing economyfrom those who came before him. Also, if trump is so keen on giving the American public $2000 he could've done so a LONG time ago but chose to speak up ONLY AFTER the dems n Republicans FINALLY came to an agreement in stimulus package (AFTER MONTHS) and also just DAYS before the government is set to shut down. Its all a ploy and if u can't see that then I don't know what else to say.

  • @kmaya1024
    @kmaya1024 3 роки тому +41

    Incoming inequality has risen absurdly through this 11 year period of economic success.

    • @lonelywanderer3558
      @lonelywanderer3558 3 роки тому

      wealth inequality. Incomes haven’t changed that dramatically.

  • @stevewalker4617
    @stevewalker4617 3 роки тому +2

    This might be one of the best docs I have seen in a long time. Well done!

  • @Heavygusto
    @Heavygusto 3 роки тому +24

    The CARES act was the single greatest upward transfer of wealth in the history of the United States.

    • @pdlcuadra
      @pdlcuadra 3 роки тому +1

      Terrible.. And here comes the next one. 😏

    • @lornetc
      @lornetc 3 роки тому +7

      Yep. Billions of dollars from the middle class that should have been given back to the taxpayers as relief and stimulus were given to billionaires and corporations who sometimes pay little to no taxes due to offshoring of profits or tax breaks, because they needed to deliver profit dividends to shareholders (other billionaires).

    • @Heavygusto
      @Heavygusto 3 роки тому

      @@colmfarrell5686 we're already being looted.

  • @PeterVDale
    @PeterVDale 3 роки тому +40

    These are people from another world who live in their money filled bubbles. They have nothing to worry about. They can not relate to people who are not financially secure. And they have nothing interesting or meaningful to say. I watched it, but it took some effort.

    • @FazeParticles
      @FazeParticles 3 роки тому

      @John Buffalo I am 98 they always do.

  • @Wassyoinokotoka
    @Wassyoinokotoka 3 роки тому +46

    "Inventory is waste" such a punch line

    • @mark-ish
      @mark-ish 3 роки тому +11

      When you're big enough you make your suppliers bend over for you to continue on serenely.

    • @Truckngirl
      @Truckngirl 3 роки тому +2

      JIT is what the trucking industry relies on to keep moving.

    • @richardfleer1905
      @richardfleer1905 3 роки тому

      Algorithms aren't going to solve the inventory problem. Algorithms just turn us into farmers. When you get big enough the farm eventually runs out of food. These people are going to need to learn how to hunt and fish all over again.

    • @pauldickson3455
      @pauldickson3455 3 роки тому

      Just in time is a proper mangers good idea, when a snowed in road can stop a factory

  • @worldcitizeng6507
    @worldcitizeng6507 3 роки тому +12

    There was an image which will forever stuck with me for the rest of my life; when India started it's massive nationwide shut down, it shows migrant workers walking on foot with what they could carry on their head, hands. When they reach their villages, each person had to made a hut or hammocks on trees since multiple people live in a household, they had to quarantine on trees near their home so that they won't bring COVID to their family :(

  • @MayorMcC666
    @MayorMcC666 3 роки тому +53

    It's very interesting to hear from the winners of the cares act. must be nice

    • @pdlcuadra
      @pdlcuadra 3 роки тому +5

      Yes. Sadly but so true. 😏

  • @jasonsj
    @jasonsj 3 роки тому +23

    Great documentary ! Somehow feels like a totally different planet when it started to show March closing downs, even tho we are still in lock downs

  • @Live-hh6li
    @Live-hh6li 3 роки тому +29

    Want more of such content that sinks deep into the topic.

  • @user-tg5bx7je7o
    @user-tg5bx7je7o 3 роки тому +7

    Imagine after it all ended...and we look back watching these videos and like “wow we went through that?”

    • @bluebonbon22
      @bluebonbon22 5 місяців тому

      Exactly what I am doing tonight. Reliving and reviewing, and grateful I made it though the pandemic. 11/21/23

  • @TheGoodfellas.
    @TheGoodfellas. 3 роки тому +4

    Great documentary. Thank you WSJ👌

  • @TiTi-ww7xt
    @TiTi-ww7xt 3 роки тому +4

    Thank you for making this educational video. Hope everyone who read this is safe and well.

  • @Mikestamper04
    @Mikestamper04 Рік тому +3

    As we start to come out of this pandemic, let’s just remember that life is precious and to never take it for granted. Rip to all the people that loss there life’s to this horrible virus.

  • @crashweaverda
    @crashweaverda 3 роки тому +15

    So corporate America saw this comming and did nothing to warn us. No Bail out for any major corporations. All bail out money should goto small businesses that pay taxes.

    • @fredsmith-kingofthelunatic7810
      @fredsmith-kingofthelunatic7810 3 роки тому +1

      Why are you looking to your corporate sector when your own government knew and lied to you?
      What is governments role? To represent the best interests of it's people.
      How well did government fill it's role?______________

  • @psalm9166
    @psalm9166 3 роки тому +45

    There will be a repeat of this documentary next year when the bubble bursts.

    • @aleksamavrak5916
      @aleksamavrak5916 3 роки тому

      There is no reason for that

    • @psalm9166
      @psalm9166 3 роки тому +6

      @@aleksamavrak5916 its called history sweetheart, history.

    • @psalm9166
      @psalm9166 3 роки тому

      @sean k I believe God is also getting ready for his own great reset. Psalm 2 about to come true.

    • @aleksamavrak5916
      @aleksamavrak5916 3 роки тому

      @@psalm9166 That's what mainstream media wants you to believe. things are never gonna crash in negative interest rate enviroment. Ifh history does repeat itself liberians would be the richest

    • @Tony-nj9de
      @Tony-nj9de 3 роки тому

      @@aleksamavrak5916 under Joe Biden things will crash 900,000 jobs were lost in one day and hes only been in office for like 4 days

  • @wallstreetbets7741
    @wallstreetbets7741 3 роки тому +5

    If you are reading my comment, Remember YOU can DO Great thing! Yes, YOU! Keep fighting in 2021!

  • @danielni5356
    @danielni5356 3 роки тому +6

    Ackman was fearmongering on CNBC because he had a HUGE short position. He made BILLIONS off of the market crash and he knew his influence can swing the market to his benefit.

  • @darkmark8910
    @darkmark8910 3 роки тому

    What a remarkable video. Thank you for posting this.

  • @sikander_kalla
    @sikander_kalla 3 роки тому +31

    Would've been interesting to hear the analytics that FAANG companies were tracking and the trends they saw

    • @PHlophe
      @PHlophe 3 роки тому +2

      pitajee Kalla they will never want to disclose those.

  • @janea4777
    @janea4777 3 роки тому +10

    I’m going to write my doctorate about this.

  • @1sweettime207
    @1sweettime207 3 роки тому +21

    Best part was," all elite of world was there and no one take it seriously" That show how well know they are.

    • @tymcgraw8502
      @tymcgraw8502 3 роки тому

      what.

    • @cestchill111
      @cestchill111 3 роки тому

      @@tymcgraw8502 Davos showed how knowledgeable they were (despite being so wealthy and the elite top 1%)

    • @1sweettime207
      @1sweettime207 3 роки тому

      @@tymcgraw8502 They did not take virus seriously.

  • @donovandelaney3171
    @donovandelaney3171 Рік тому +1

    More people were living in plastic houses and people were switching over to electric cars and trailer vans. It was great.

  • @LeahKimBrighton
    @LeahKimBrighton 3 роки тому +3

    This was so exceptionally well done! Congratulations to you and your team for investing in such a signature documentary. It already serves as such a statement and piece of our history for 2020, and beyond. I hope to see similar long-form content in the future from the WSJ on this channel. Again, thanks for curating this and I've shared this documentary across so many of my social channels, including LinkedIn.

  • @selectgood_timesidfrommemo3192
    @selectgood_timesidfrommemo3192 3 роки тому +4

    I think the final line is the most important
    " You prepare businesses for the worst".
    The one thing society & schools do not do is prepare today's youth for such events, and do not develop their coping mechanisms in times of hardship.

  • @Rivan1
    @Rivan1 3 роки тому +4

    Just wanted to point out that this was brilliantly produced! Really enjoyed watching it from start to finish and it was highly informative.

  • @bhaskarmothali
    @bhaskarmothali 3 роки тому +2

    This is a great documentary, very well done! Congratulations to the team who brought this together and free 😊
    My only complaint is no emphasis on how we build an economy which becomes more and more localised and resilient. Citizens who are more capable than becoming mere consumers. That is the true lesson we ought to learn from this. Not bragging, but India is the only country that has spoken about ‘Atmanirbhar’ or self sufficiency after the pandemic. At least on paper India spoke it aptly! Happy for that.

  • @kurt2rsenjazz
    @kurt2rsenjazz 3 роки тому +2

    Great work WSJ

  • @haydenjardine9178
    @haydenjardine9178 3 роки тому +5

    The weird part is being in far north Queensland Australia, almost a year later it still normal here

    • @Banjo_Tails
      @Banjo_Tails 3 роки тому

      Go Qld!! :)

    • @ronnickels5193
      @ronnickels5193 3 роки тому

      Your government took the disease seriously. Mine, 🇺🇲, didn't

  • @wright3753
    @wright3753 3 роки тому +15

    Ackman was clearly short selling Hilton 🙈

  • @johnmcdonald5998
    @johnmcdonald5998 3 роки тому +1

    Very informative to hear from a segment that is generally inaccessible is refreshing. Our generation, certainly my generation (Canada) have not incurred suffering in the last 50 years of this magnitude. It continues to challenge many people and companies, some will thrive, some will fail. Most noteworthy, to me, is which ones will learn and prepare accordingly?
    Which companies will develop continuity plans for the next event? Which ones will simply pay lip service and hope for the old times? Ten years ago, I designed my provinces largest police pandemic exercise on a military base involving hundreds of police and actors from across the province. I studied the lesson's learned from the 1918 pandemic and attempted to include them in the exercise. I learned something very quickly, NOT MUCH HAS CHANGED.

  • @CuddleFish124
    @CuddleFish124 3 роки тому +3

    As someone who has a very keen interest in the supply chain I found this to be VERY interesting. Last year for my capstone course in Supply Chain and Logistics Management, we had to form teams of 5 and help a local small startup business come up with a business strategy for the next 5 years. We were so proud of it when it was finished at the end of Dec 2019, and now everything we suggested is probably useless. It’s crazy how suddenly everything changed.

    • @bryanpasley674
      @bryanpasley674 Рік тому

      All by design. COVID-19 didn't do anything to the economy or anybody. The government did all the damage until the injections rolled out. I'm not saying it kills, bc i'd be çensored. But anti vaxxers aren't dying suddenly. Do the math.

  • @HappyKatze
    @HappyKatze 3 роки тому +7

    Great documentary

  • @johngimenez611
    @johngimenez611 3 роки тому +5

    This was a really good documentary!

  • @rmfinance1781
    @rmfinance1781 3 роки тому +1

    I was at camp Arifjan Kuwait literally all of 2020. We landed in Kuwait in early February. We heard about COVID-19 being huge in February. When March hit and the market collapsed...I then realized I had won the lottery by being deployed in Kuwait. 2020 was by far the most lucrative year for me.

  • @quocthienvo3570
    @quocthienvo3570 3 роки тому

    Been waiting for this doc about the impact of COVID-19 in the economy

  • @atifadib
    @atifadib 3 роки тому +4

    JPMC CEO: This was the worst.
    2021: I'm about to end this woman's career.

  • @boomsuga
    @boomsuga 3 роки тому +5

    Wsj keep making great content like this. Emotional and powerful video

  • @LeeW7233
    @LeeW7233 2 місяці тому

    I didn't expect this video to draw on my emotions the way it did. We lost ppl at my workplace. It didn't have to be that way. It was about keeping the country running and thinking of others more than ourselves.

  • @ascentraland9264
    @ascentraland9264 3 роки тому

    This was really well put together

  • @brianbachmeier34
    @brianbachmeier34 3 роки тому +9

    I asked a doctor when they think this virus will end. She told me how would I know, I'm a doctor not a politician.

    • @Tripserpentine
      @Tripserpentine 3 роки тому +6

      you need to find a better doctor, or check his credentials not sure if he or she is really a doctor.
      Real doctor would say,; never virus are something that have always been part of the world and always will be. it is funny you''e never heard of virus before? i mean you had biology in school right? elementary stuff you know.

    • @jacksonmoore26
      @jacksonmoore26 3 роки тому

      @@Tripserpentine I’m pretty sure the doctor was joking

  • @greengorillah
    @greengorillah Рік тому +4

    I live in the Netherlands. We were one of the later countries in Europe to get our first infection. Learning that -even- China was not able to contain this virus, and then seeing the rapid spread I was struck/shocked by how there was a feeling in the Netherlands that we were somewhat "immune", as if we are not biologically part of the same world. In February I told my family to buy masks and disinfectant as I warned them they could go out of stock soon....

    • @greengorillah
      @greengorillah 10 місяців тому +1

      @@bozomannn2252 i think it tells something about how "special" many Dutch experience their country. In recent years I also feel the country / politics is more focussed on internal stuff.

  • @lucid5924
    @lucid5924 2 роки тому

    Great documentary! So much happened in one month.

  • @nightsatlynrecords
    @nightsatlynrecords 3 роки тому +2

    1:10 anyone else notice the Mac program notif bouncing at the bottom of the screen? LOL

  • @RZetlin
    @RZetlin 3 роки тому +11

    Complacency is humanity's worst enemy.

  • @stockbag
    @stockbag 3 роки тому +10

    'We managed to save all executive and management positions but yeah, anyone who works hard... we don't really need to talk about that.'

  • @dvsdawl
    @dvsdawl 2 роки тому

    The grocery stores are empty right now again. Why? I start to have a panic attack every time I go to the store now.

  • @TheHermitHH
    @TheHermitHH 3 роки тому +1

    Such a good documentary.

  • @cyb3rne0n
    @cyb3rne0n 3 роки тому +3

    A must watch

    • @abdelwahabnassim6281
      @abdelwahabnassim6281 3 роки тому

      ua-cam.com/video/jrxrsN_hMWU/v-deo.html

    • @cyb3rne0n
      @cyb3rne0n 3 роки тому

      @@swatkevin3326 u guys are hilarious. Get a real job u fakes

  • @NobregaLucas
    @NobregaLucas 3 роки тому +6

    Excellent discussion about efficiency and resilience, one of the fundamental discussion lessons we can take from the COVID-19 pandemic. A live lesson to all business leaders around the globe.

  • @Tantejuju65
    @Tantejuju65 3 роки тому +2

    Very interesting....one thing seems clear office work will never be the same.

  • @k-dramagoodmorningseoul
    @k-dramagoodmorningseoul 3 роки тому +2

    Hi! How are you?
    There are nine days left until this year. What a fast flow of time. I hope this week will be a healthier/fine day. ^O^

  • @hugo-garcia
    @hugo-garcia 3 роки тому +16

    World economic forum : didn't know
    Austrians economists : always knew bubble credit economy will always fail.

  • @BizzeeB
    @BizzeeB 3 роки тому +19

    It's so nice to hear from all the people who are managing the pandemic just fine, talking about all the "devastation".

  • @giftedtoserve
    @giftedtoserve 3 роки тому

    Very well put together

  • @RJ-mw2gw
    @RJ-mw2gw 3 роки тому

    Chilling.

  • @Tony-cp6vu
    @Tony-cp6vu 3 роки тому +10

    Love this

  • @cilldublin07
    @cilldublin07 3 роки тому +7

    Way too many ads ruin this

    • @mark-ish
      @mark-ish 3 роки тому +1

      scroll fully to the end, select replay.

    • @Rick_C137_op
      @Rick_C137_op 3 роки тому

      If you look closely the whole video was about marketing their own companies.

    • @yengsabio5315
      @yengsabio5315 3 роки тому +1

      @@mark-ish I do that everytime with video laden with ads.

  • @gamaybear
    @gamaybear 3 роки тому

    great documentary worth sharing, specially to leaders.

  • @sigsin1
    @sigsin1 8 місяців тому

    What made me angry was the CDC telling people that masks wouldn’t help…instead of telling people not to buy N95 masks or other PPE that essential (especially healthcare) workers needed. There were other options but they didn’t say anything until April/May. Luckily, I had good reusable masks (I have Lyme so I catch everything) that my family and I wore starting the first week of March. We knew better…this wasn’t just passed by touch but that’s what they told us at the beginning. A lot of people died because of this.

  • @clairmac
    @clairmac 3 роки тому +3

    It really goes to show you how safe we think we are, though it's far from true. I mean the day before my province Ontario, shut down on Mar 9th, I was at a Comic Con. In fact, I had been to 3 shows in that eight day period and as much as I think now, "Wow that was super stupid of me," but truly the concern wasn't there because everyone was led to believe it was just another flu variant and the only thing that changed that was Italy, Spain and Iran. Once they hit capacity and doctors literally had to choose who lived and got respirators and who died, then it struck home.

  • @adiabd1
    @adiabd1 3 роки тому +10

    what an experience to hear the thoughts of the CEOs of some big and impacted corporations about the situations that we live in rn, it makes their companies look more humane and more sensible

    • @richardv9648
      @richardv9648 3 роки тому +6

      Yeah "Big corporations are also people".- Mitt Romney 2012.

  • @stinker43
    @stinker43 5 місяців тому

    I was hospitalized in April 2020 with a respiratory infection. They took me into the hospital via a separate tent and excluded my wife from access. I was taken to an individual room, separately ventilated, and all the nurses were fully enclosed every time they came in. I was there for a week, and tested every day. They drained 1.5 liters of fluid from my left lung. Finally they decided it was pneumonia (no Covid) and released me.

  • @TechnoTradingFinance
    @TechnoTradingFinance 2 роки тому

    Great documentary !!!

  • @davideruggeri6463
    @davideruggeri6463 3 роки тому +12

    Too much ads interrupting the wiew, I had to quit the video...

    • @FriousBlackPanther
      @FriousBlackPanther 3 роки тому

      Download the video first and then watch it without interruptions.

    • @abdelwahabnassim6281
      @abdelwahabnassim6281 3 роки тому

      ua-cam.com/video/jrxrsN_hMWU/v-deo.html

    • @dennisp8520
      @dennisp8520 3 роки тому +1

      UA-cam premium is your best friend

    • @trizanzor
      @trizanzor 3 роки тому

      Adblock is your friend.

  • @markg3169
    @markg3169 3 роки тому +9

    None of these companies should receive public money

  • @kchal0
    @kchal0 3 роки тому

    Paul tudor jones had a sobering interview at davos on cnbc about covid. I remember seeing that while I was traveling for work and started making portfolio changes to be defensive. Turned out to be the right move. I don't think anyone knew it would be this bad economically.

  • @eyeonu6565
    @eyeonu6565 2 роки тому

    this was a great docu....encore please

  • @rahoolv
    @rahoolv 3 роки тому +5

    This video is an excellent reminder for every time we feel fatigued from the pandemic.

  • @truecrime_and_everything_else
    @truecrime_and_everything_else 3 роки тому +7

    uh hello, sorry to say that this isn't over by a long shot!

  • @Gmo401
    @Gmo401 3 роки тому +1

    Extremely well-done. Love the Wall Street Journal’s video content.

  • @wangwang684
    @wangwang684 3 роки тому

    Amazing