With the index around 4,540 right now, a drop below 3,577 translates to downside of at least 23%. He thinks the S&P 500 will fall to new lows, below October's level of 3,577. When high inflation creeps into consumers expectations it further fuels higher inflation, in part because people negotiate for higher wages to keep up with rising prices.Īll of this amounts to a bearish outlook for stocks, Wolfenbarger believes. Inflation expectations over the next five to 10 years have begun to come unanchored, climbing to 4.5%, University of Michigan data shows. This means the Fed is going to have to keep policy tighter than some might think in order to crush inflation, and to keep it away for the long-term. What's more, median inflation - or the year-over-year inflation rate of the median component in the CPI, which the Cleveland Fed says is the best measure of inflation - is still at 6.4%. This is what the Fed pays attention to most. While CPI is at 3%, core inflation, which takes out the volatile categories of food and energy, is still near 5%. The first piece of evidence that tells Wolfenbarger - a former JPMorgan and Merril Lynch banker, and the founder of Bull And Bear Profits - that a recession is inbound is that inflation is not actually that low. The Consumer Price Index hit 3% in June, and unemployment is still near historically lows at 3.7%.īut a storm is still brewing on the horizon, according to Jon Wolfenbarger, and it's going to spoil any attempt at a soft landing.įasten your seat belts - a bumpy, hard landing awaits. That's the scenario for the US economy at the moment, according to bulls who believe the Federal Reserve is on the verge of bringing down inflation to its long-term target of 2% while sparing the economy from a recession. Wolfenbarger expects the S&P 500 to fall to fresh lows.Manufacturing data, inflation data, market breadth, and high rates are warning signals, he says.Jon Wolfenbarger says a recession is still hurtling toward the US economy.Uber, meanwhile, started rolling out Live Activities support back in February.Account icon An icon in the shape of a person's head and shoulders.
#Door dash app crash drivers
We’re thrilled to bring this integration to life and eager to hear feedback from Dashers as we scale.ĭoorDash drivers can download the latest version of the app from the App Store to ensure they have access to the CarPlay app as soon as it’s available in their market.Īnd in case you were wondering: There’s still no word on DoorDash adopting Live Activities on iPhone, whether that be for drivers, customers, or both. “Apple CarPlay is one of our most highly requested features among the Dasher community, because it allows them to dash using the same technology many of them use on a daily basis. We’re always looking for ways to make dashing even better, even easier, and even more intuitive,” said Austin Haugen, Vice President of Dasher and Logistics Product. We anticipate scaling to all Dashers in the coming months, and are exploring adding even more functionality,” the company says. “Our CarPlay integration will be piloted in select markets next week. The current version of the app will begin being “piloted” in certain markets next week.
#Door dash app crash driver
This is in contrast to the Uber Driver app for CarPlay, which lets users accept or decline rides and view heat maps to track hot spots for pickups and deliveries.ĭoorDash, however, says that it has more features planned for its CarPlay app in the future. This means that the DoorDash app for CarPlay only shows navigation directions and does not give drivers the ability to do things like accept orders, give status updates like “arrived at the restaurant,” or mark deliveries as complete. “Integrating the Dasher app with Apple CarPlay will allow Dashers to seamlessly show the app’s navigation interface on their car’s built-in screens,” DoorDash explains.
Unfortunately, in its current form, DoorDash’s app for CarPlay is pretty rudimentary and doesn’t really offer any features that drivers couldn’t already get via a dedicated navigation app like Apple Maps or Google Maps. The company announced the new app in a blog post as part of its efforts to “make the dashing experience even better” for drivers.
DoorDash is following in the footsteps of Uber and adding support for CarPlay to its delivery app for drivers.
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