When the coronavirus outbreak in the US first started getting bad in February 2020 and early March 2020, the estimates of restaurants closing permanently were nowhere near as high as the more updated estimates 2 full months later. In the last week, the National Restaurant Association released updated estimates that US restaurants have already lost $80 billion dollars including $50 billion dollars in losses in just the month of April. Some restaurants have even reported that revenues have collapsed by 70% to 100% and the new estimates are that even with partial reopening later in the year that the US restaurant industry will have lost $240 billion dollars in 2020. Some more updated estimates are predicting that at least 30% of all restaurants in the US will be gone before the coronavirus outbreak problems are over. SBA Loans and the Paycheck Protection Program (PPP) seem to not be helping independent, family owned restaurants. Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 75 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website or through Paypal. Send one time donations to our Paypal to the email address: [email protected] Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**

While searching for great investments discovered that "Chicken Genius Singapore", a great investor that has called the market correctly, next to his big #Tesla investment also invests in #Illumina. I had been researching the Genomic sector a bit in middle of 2019. Science has succeeded in mapping complete DNA string (Genome) of a human in 2007, and even editing it (CRISPR). This will likely revolutionize the medical sector as it allows to change our DNA and truly solve, instead of just treat, many serious medical conditions and deadly diseases such as cancer or diabetes. First job is to bring down costs dramatically to map a person's genome, which Illumina ($ILMN) has been focused on and brought it down from $1B to $1k per person today. Problem for me is that I have zero medical knowledge, and also don't want to follow up on more investments, therefore my preference goes out to the managed fund of Ark Invest ($ARKG) instead of investing directly in the companies myself. Also think in contrast to EV revolution where Tesla is taking the whole EV market with no other investable players, this medical field will likely cause a cambrian explosion of new medical startups, with likely higher returns than the market leader Illumina, making a fund with it's disadvantages of trimming down winners to keep exposure to max 10% and thereby losing upside, still worthwhile. Chicken Genius Singapore His portfolio: https://www.youtube.com/watch?v=BV1SGhv80i0&t Why I sold Tesla stock to buy Illumina Stock https://www.youtube.com/watch?v=ZkhjTnwwUmg Great video of Genomic revolution: https://www.youtube.com/watch?v=7kJEJXu97-U

'Ale's World of Stocks' made a good point "How is investing in a company with zero revenue and billions of running costs an investment?" Sure Cruise lines like Carnival ($CLL) are valued low on first impression, 60% discount on book value ($10B market value vs $30B book value), a historical low never achieved in it's 40 years of existence, only once went below book value in 2008, and only 20%. BUT, this crises is one of a kind, ZERO revenue for likely a year, means a loss of half a billion per month! They did get $10 Billion loan but at 10% interest, will likely burn a good piece of that money, that need be payed back, this will take years. This kind of crises where the whole fleet is grounded for half a year and likely will take 2 years before back to normal, is a total disaster for a company, and has good chance to wipe out current owners as a default, or another bailout investments down the line diluting shareholders dramatically, is still a high risk, despite having secured a big loan. Also book value is likely not even close to market value anymore as these big cruise ships are likely going for pennies on the dollar today. The industry will recover, but the risk for current stockholders to book more losses is still high in my opinion, so not worth taking the risk. Budget airlines like Ryanair and Wizzair look interesting, but they are not discounted that much yet, 50% or so while their losses are of course staggering too with 90% of planes grounded for 2 months and likely take a year before back to normal, and politicians will likely continue to make their life hard with even more costly regulations to "keep us safe". Budget airlines will continue to grow by taking away market share from the big boys but they also will have to cope with the fact that people are more and more able to avoid flying thanks to innovations like the selfdriving car that seems only couple years away and will make short flights not worthwhile. Work from home also sees fast growth now thanks to the crises, will likely not be dropped fully after the crises, and competes with the most lucrative segment: business flights. Also researched Oil tankers, they make indeed tons of money today, able to charge 10 times as much ($200k instead of $20k per day), to rent out their tankers, valuations of companies like for example $TNK are indeed low, and I do believe it to be correct that little investment has been made in new ships, the fleet is generally old, and therefore supply of ships, even after the crises when demand for oil picks back up, and there is no such high demand anymore for storage of oil, will still see a shortage of ships, keeping shipping rates relatively high. However, oil is likely going to become a shrinking industry as Electrical Vehicles have just surpassed early adopter phase of 2% penetration and will likely over next few years go to 30%, which will likely see oil consumption go down over time instead of up, which will cause in the end, the amount of Oil Tankers needed to go down too, so short term good, but long term risky investment in my opinion. I don't like to invest in industries that do not have a bright future, it's likely going to destroy your capital, as people need less of it, instead of more. The best Oil Tanker companies can do is not reinvest in more ships, but take the cash out of the company and invest in new industries, like electricity instead of oil transportation & storage, which we will need much more off. As for me, I like very much Crypto, EV's and, hopefully if market corrects enough, Genome Revolution, all of which are uncorrelated, have each a high chance to take over old industries completely as they offer clear advantages of better results, and at a cheaper price, than the old tech. Good videos: Is It Finally Time To Buy CARNIVAL CRUISE Stock?! https://www.youtube.com/watch?v=1cN7LOp3rWo