WORLD: Everyone’s talking about Kim Jong Un. Quick refresher: ever since the North Korea leader didn’t show at his grandfather’s birthday on April 15 (hint: the country’s most important holiday), there have been rumors and speculation about his health. Case in point: over the weekend, there were some reports that Kim Jong Un is dead or dying. Not confirmed, BTW - but South Korea says he’s alive and well. Stay tuned. In other news, Apple and Google are making some changes to their coronavirus tracing tech. Because, privacy concerns. ICYMI, the tech would help track people with the virus and alert people if they were in contact with anyone who tested positive. Hi, sci-fi.
MONEY: Adidas isn’t doing all that well. See: its quarterly profit...dropped by 93 percent. Other bizes aren’t doing much better. As in J.C. Penny, which was already kinda sorta on its way to bankruptcy before the pandemic, is now in advanced bankruptcy talks with its lenders. And Gap says it’s running out of cash in the bank - plus that it’ll stop paying rent on its closed stores in North America. Reminder: even before the pandemic, retail was doing increasingly worse. Now, with stores shut down across the country, there’re concerns that the pandemic could lead to the end of lots of retail bizes.
MONEY: Retail’s not the only industry having problems. Lately, more and more food processing plants have been forced to close as a result of the coronavirus pandemic, leading to things like meat shortages. And it’s only expected to get worse. Spoiler: Tyson Foods is warning that “millions of pounds of meat” will disappear from the food supply chain. Very very bad, since this will apparently lead to millions of chickens, pigs, and cows being “depopulated” (cough, euthanized, cough). Case in point: 2 million chickens are set to be killed in Delaware and Maryland because farmers don’t have a place to sell them - plus there’s a lack of employees in the region.