Friday’s World Markets Outlook: Asia-Pacific

Friday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia  Australian shares rose Friday, recording their biggest weekly gainer in 6, as the country’s central bank chief called for more fiscal stimulus to revive an economy facing its deepest recession in about a 100 yrs. Gold and tech stocks drove the S&P/ASX 200 index 0.6% higher at 6,126.2 at […]

“You do not lockdown healthy people”

“You do not lockdown healthy people”

#lockdown #risk #healthy #people The former chief of neuroradiology at Stanford University Medical Center advocates a different approach to fighting the C-19 coronavirus by protecting the higher-risk populations and allowing the virus to burn through people to whom it poses little or no risk. “I think there is a huge disconnect here in what the […]

The 100-Day Gainer Best Since August 1933, The Trump Policies Work

The 100-Day Gainer Best Since August 1933, The Trump Policies Work

#stocks #recovery #Bull #Bear #market #PresidentTrump $DIA $SPY $QQQ $RUTX $VXX The US stock market has not experienced a 100-Day gainer this strong since Y 1933, stocks have seen a very strong recovery in the 100 trading days since the 23 March lows Thursday marked the 100th trading day since the stock market’s chaos panic […]

Collectable Cars have Nothing to Worry About from C-19 Coronavirus Chaos

Collectable Cars have Nothing to Worry About from C-19 Coronavirus Chaos

#Ferrari #Online #auctions #collectablecars #C19Coronavirus Online auctions offering much desired vintage and classic models have no issues selling, Ferrari is #1. The HAGI Top Index traded down marginally for the month (-0.24%) and was up 3.87% for Y 2020 to the end of July. Exceptional classic and collector’s cars continued to perform well overall. This […]

Thursday’s World Markets Outlook: Asia-Pacific

Thursday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia #Thailand China shares ended flat to little changed Thursday, as caution ahead of a US-China meeting this weekend to review the implementation of a bilateral trade agreement offset strength in agriculture stocks on food security concerns. Senior US and Chinese officials will review the Phase 1 trade deal during […]

US-China Trade Deal in “Fine” Shape

US-China Trade Deal in “Fine” Shape

#USChina #trade No mater what you have heard, China is buying US goods as required. China is continuing to buy US goods, particularly commodities, under its Phase 1 trade deal with the United States, despite rising tensions over Hong Kong and other issues, White House economic adviser Larry Kudlow said Tuesday. Asked if deteriorating ties […]

“It is Silly for Democrats to Claim C-19 Coronavirus Aid/Relief/Stimulus is Too Slow”

“It is Silly for Democrats to Claim C-19 Coronavirus Aid/Relief/Stimulus is Too Slow”

#PresidentTrump #C19coronavirus #aidreliefstimulus #Democrats It is “silly” for Democrats to say it will take Americans too long to get their enhanced unemployment benefits in place, as they could have gotten it in place a week or 10 days ago, but states are already in a position to continue extended unemployment benefits, White House economic adviser […]

COVID-19 The Vaccine is Here

COVID-19 The Vaccine is Here

#COVID10 #CORONAVIRUS #Vaccine With Russia’s announcement Tuesday that it had become the first country to approve a vaccine against COVID-19, here is a look at the more than two dozen other candidates currently in development. – ‘Sputnik’ – Russian President Vladimir Putin shocked the international community by claiming the new vaccine — dubbed “Sputnik V” […]

Going With the ‘Hard Core’ Gold Bugs

Going With the ‘Hard Core’ Gold Bugs

#GoldBugs #investors #metal $XAU $GLD $USD There always have been the hard core gold bug investors and Wall Street analysts who tout the precious Yellow metal and stay overweight regardless of demand and the macro picture. The bottom line is that, from an asset allocation standpoint, all structured portfolios need a weighting to precious metals […]

SoftBank Group Corp. (OTC:SFTBY) Tech Bets Prove Winners

SoftBank Group Corp. (OTC:SFTBY) Tech Bets Prove Winners

#SoftBank $SFTBY Group on Tuesday reported a $12 billion quarterly net profit to June, recovering from eye-watering losses as tech stocks rally and the firm sheds assets to shore up its finances. The results will be a relief for chief Masayoshi Son, who has faced an increasing drumbeat of criticism after recent record losses for […]

Tuesday’s World Markets Outlook: Asia-Pacific

Tuesday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia Japanese shares gained Tuesday on hopes of additional US fiscal aid/relief/stimulus to bolster the world’s largest economy, as major countries break away from the impact of the coronavirus chaos. The Nikkei 225 Index ended up 1.88% at 22,750.24. The broader Topix index rose 2.54%.  Australian shares rose to a […]

The Economic Gloom and Medical Chaos is Fading

The Economic Gloom and Medical Chaos is Fading

#traders #industrials #bigtech #NYSE #DJIA #virus #fading #jobs #yields $DIA $SPY $QQQ $RUTX $VXX Stocks traders are rotating out tech giants that have led this year’s gains in favor of industrials and small caps issues The NAS 100 fell 0.5% to start the week on losses for Microsoft Corp. and Facebook Inc., the DJIA added […]

President Trump Has the Leverage, Coronavirus Aid/Relief Bill Possible This Week

President Trump Has the Leverage,  Coronavirus Aid/Relief Bill Possible This Week

#PresidentTrump #Coronavirus #aidreliefstimulus Monday, Treasury Secretary Mnuchin said The Trump Administration and Congress could reach an agreement on further economic aid/relief/stimulus as soon as this week if Democrats are “reasonable.” Secretary Mnuchin said there was room for compromise on a deal for more aid and that legislation should get passed. Apparently there were some discussions […]

Singapore Economy Failed the Coronavirus Test

Singapore Economy Failed the Coronavirus Test

#singapore #coronavirus #covid19 $SGDUSD Singapore’s virus-hammered economy shrank almost 43 percent in the second quarter, in a sign that the country’s first recession in more than a decade was deeper than initially estimated, official data showed Tuesday. The outlook for the Singapore dollar is now very negative. Tough curbs within the city state to contain […]

Monday’s World Markets Outlook: Asia-Pacific

Monday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia Australian shares marked their highest close in nearly 3 wks Monday, driven by gains among heavyweight financials, while a dip in new coronavirus infections in Victoria and renewed hopes of financial aid in the United States boosted risk sentiment. The S&P/ASX 200 index was up 1.76% at 6,110.2 […]

Commentary: Paul Ebeing on Wall Street, New Highs in View

Commentary: Paul Ebeing on Wall Street, New Highs in View

#WallStreet #PaulEbeling #BigTech #earnings #NFPs #employment #interest #Bulls #money #FAANGs $DIA $SPY $QQQ $RUTX $VXX Last Week’s Action As expected, the FAANGs: Facebook, Apple, Amazon, Netflix and Google stepped up as the NAS Comp leaders paused to refresh, overall the action is good. Friday’s jobs report were as President Trump said they would be marking […]

Box Office Chaos: AMC Theatres Revenue Collapsed

Box Office Chaos: AMC Theatres Revenue Collapsed

#BoxOffice #revenue #collapse #C19coronavirus $AMC $CMCSA Cinema giant AMC Entertainment Holdings (NYSE:AMC) posted Q-2 financial results last Thursday as it looks to reopen its theaters and survive the coronavirus chaos after a debt restructuring. The extent of the C-19 coronavirus hit taken so far by the largest US cinema chain was underlined by overall revenues […]

London Business District a Ghost Town

London Business District a Ghost Town

Deserted streets, empty restaurants, shuttered stores: London’s financial districts remain largely abandoned by workers still worried about the pandemic and reluctant to return to office life. The City, a square mile in the heart of the British capital traditionally home to the finance industry, was eerily quiet over the past week, with just a smattering […]

Energy Giant Saudi Aramco Takes a Beating

Energy Giant Saudi Aramco Takes a Beating

Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus crisis undercuts global demand. The behemoth, recently dethroned by Apple as the world’s most valuable listed company, posted a net profit of $6.6 billion for the three months to June 30 […]

C-19 Coronavirus, Some People Die With It, the Vast Majority Do Not

C-19 Coronavirus, Some People Die With It, the Vast Majority Do Not

#C19Cronavirus #WHO #CDC $DB The Big Q: How contagious is someone who has contracted C-19 coronavirus and displays no symptoms? The Big A: This study, published in the medical journal JAMA Internal Medicine this week, provides 1 theory for the Big Q. It isolated 303 patients with C-19 in a treatment center in SKorea. Of […]

How the C-19 Coronavirus Tests Work, Hang on Does Not Work

How the C-19 Coronavirus Tests Work, Hang on Does Not Work

#C19coroncvirus #testing #CDC #commoncold In a classic illustration of how C-19 coronavirus testing works or does not work: Ohio Governor Mike DeWine tested positive for the virus just hours before he was to meet with President Trump, Thursday, 6 August 2020, and then tested negative 2X a few hours later. The opposing results are an […]

V-Shaped Recovery on Track, Bet the Market Not Economists

V-Shaped Recovery on Track, Bet the Market Not Economists

#GDP #economy #recovery #NFPs #AtlantaFed #C19Coronavirus $DIA $SPY $QQQ $RUTX $VXX The Atlanta Federal Reserve increased its estimate of Q-3 GDP growth at 20.5%. The revision by the Atlanta Fed’s ‘s GDPNow model reflects an increase in government spending growth partly offset by decreases in personal consumption expenditures growth and gross private domestic investment growth. The estimates came in after […]

President Trump Will Keep His Promises to America’s Workers in His 2nd Term

President Trump Will Keep His Promises to America’s Workers in His 2nd Term

#PresidentTrump #promisesmade #promiseskept #MAGA $WHR President Trump made the following 6 promises to American workers Thursday in Ohio if he is reelected in November. During a speech to workers at a Whirlpool (NYSE:WHR) manufacturing facility in Benton Harbor, Ohio, President Trump declared he had kept all of his Y 2016 campaign promises to the American […]

Gilead Science (NASDAQ:GILD) has a Dark History of Allegations of Bioterrorism

Gilead Science (NASDAQ:GILD) has a Dark History of Allegations of Bioterrorism

#bioterrorism #death #threats #vaccine #swineflu #C19coronavirus $GILD Gilead (NASDAQ:GILD), the pharmaceutical company working to get a drug called remdesivir approved to treat C-19 coronavirus, allegedly sent death threats to a French doctor who claimed he cured C-19 coronavirus with a combination of hydroxychloroquine and azithromycin. Dr. Didier Raoult made the allegation under oath in testimony […]

I See No Technical Clues That Gold is Near a Top

I See No Technical Clues That Gold is Near a Top

#gold #silver #USD $GLD $XAU $SLV $XAG $USD Gold extended its strong Bull run Thursday, driven by expectations of more monetary response to the virus chaos. Spot gold hit an all-time high of 2,069.21oz and was up 0.8% at 2,055.87 at 2:10p EDT (1810 GMT). US gold futures settled 1% higher at 2,069.40. Data showed US jobless claims fell […]

Low Home Mortgage Rates Continue to Boost US’ Economic Recovery

Low Home Mortgage Rates Continue to Boost US’ Economic Recovery

#home #mortgages #loans #economy #Fed #interestrates #buyers $DIA $QQQ $SPY $XAU $GLD $USO $USD US Mortgages rates marked another record low, boosting the $35-T housing market, a very bright spot for the economy. The average for a 30-yr fixed loan fell to 2.88%, the lowest in nearly 50 yrs of record keeping by Freddie Mac. It was […]

China Vs the USA What are the Hot Topics

China Vs the USA What are the Hot Topics

Tensions between the United States and China have been rising over a range of issues from the handling of the coronavirus to national security, Hong Kong and trade. Washington ordered the closure of the Chinese consulate in Houston last month — accusing it of being a centre for spies — and China hit back by […]

The Corona Economy is Unpredictable

The Corona Economy is Unpredictable

Whatever you think you know about markets, the pandemic is not a predictable Global event, it is an uneven and erratic chain of events that have more to do with Governments and fear then reality. Some sectors are doing well, lots of money is being printed and this is a time for extreme caution and […]

More Gains Ahead for Gold, the Bulls are in Charge

More Gains Ahead for Gold, the Bulls are in Charge

#gold #rally #Bulls $XAU $GLD $USD Gold sliced through the powerful psych mark at 2,000 like ‘a hot knife through butter‘ The move has some fearing a deep correction, but many my work shows more gains as investors buy into the precious Yellow metal’s safety. The record-breaking rally, which lifted gold as high as 2,055 […]

Housing, Auto Demand Are Standouts in V-Shaped Recovery

Housing, Auto Demand Are Standouts in V-Shaped Recovery

#housing #automobiles #consumers #recovery $DIA $SPY $QQQ $RUTX $VXX Clearly, record low interest rates has helped revive the US markets for housing and autos standouts in the economy as it gains traction. Sales of new homes in June ran at their fastest pace in 13 yrs, leaving builders and the construction workers they employ with […]

Ferrari (NYSE:RACE) Expects at Least EUR 1-B Profit in 2020

Ferrari (NYSE:RACE) Expects at Least EUR 1-B Profit in 2020

#Ferrari #profit #SF90 #Roma $RACE Ferrari (NYSE:RACE) narrowed the range of its full-year profit guidance toward the lower end after the Supercar-maker was forced to shutter factories for 7 wks because of the C-19 coronavirus chaos. The luxury carmaker’s decision to adjust the range shows that even the world’s most iconic brands are feeling the […]

The People are Buying Gold, Silver in Record Amounts

The People are Buying Gold, Silver in Record Amounts

#gold #silver #COMEX $XAU $GLD #XAG $SLV Tuesday, spot gold rose to a record above 2,000oz as investors continue to seek safe-haven for their assets due to economic and geopolitical risks. Gold has rallied in the past year as the C-19 coronavirus chaos prompts unprecedented amounts of aid/relief/stimulus to bolster economies, including lower rates, which […]

Residential Housing Market is Worth $35-T, America’s Biggest Industry

Residential Housing Market is Worth $35-T, America’s Biggest Industry

#housing $DIA $SPY $QQQ $RUTX $ITB $VXX Last month, US new home sales spiked 55%, their biggest gainer since Y 2005. The number of Americans looking to refinance their mortgages spiked 111%. And Quicken Loans (Private), the America’s largest mortgage broker just posted its best Quarter in its 35-yr history. In 1-H of Y 2020, Quicken […]

Wednesday’s World Stock Markets: Asia-Pacific

Wednesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan #Thailand Thai stocks turned positive Wednesday after its central bank held interest rates as expected and predicted Q-2 output would be better than forecast, while warning it was ready to quell gains for the baht. The bank, which already has rates at a record low of 0.5%, said exports […]

CEO Camilleri on Ferrari’s (NYSE:RACE) Outlook

CEO Camilleri on Ferrari’s (NYSE:RACE) Outlook

#Ferrari #earningscall #outlook #Camilleri #SF90Stradale #C19Cronavirus $RACE CEO Louis Camilleri from the earnings call transcript: Welcome everyone. And thank you for joining us. As we had anticipated during our May Fall earnings call, our 2nd quarter results were weak across all Key metrics, but frankly, in line with our expectations. These results clearly reflect the […]

The Bullish Trend in Gold, Silver Will Continue

The Bullish Trend in Gold, Silver Will Continue

#gold #silver #safety #asset #coins #bars #jewerly $XAU $XAG $GLD $SLV $USD The Big Q: Why is gold marking all time highs now? The Big A: Why Not! Gold’s as a safe-haven investment during turbulent market environments is well known and this means physical precious metals may continue to go up in value. The Big […]

Congress Told Small Business Owners are Facing Financial Ruin

Congress Told Small Business Owners are Facing Financial Ruin

#Congress #retailers #restaurants #consultants #manufactures #financial #ruin #PPP #SBA #loans #NYSE $DIA $SPY $QQQ $RUTX $VXX “From retailers and restaurants to consulting and manufacturers, small-business owners are facing a future of potential financial ruin that will make the nation’s current economic downturn last years longer than it must,” the America’s corporate leaders said in their […]

USA Economy is Recovering

USA Economy is Recovering

#COVID19 #CORONAVIRUS #ECONOMY Economic activity in the manufacturing sector grew in July, with the overall economy notching a third consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: […]

Labs in the US Cannot Keep Up With Demand for C-19 Coronavirus Testing

Labs in the US Cannot Keep Up With Demand for C-19 Coronavirus Testing

#C19Coronavirus #testing #results #CDC A surge of nearly 4-M confirmed C-19 coronavirus infections in the US which leads the world in cases as well as deaths virus associated has crippled American labs, creating long processing delays and exacerbating fears that people without symptoms could be spreading the virus if they do not isolate. 1 of […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

#WallStreet #PaulEbeling #BigTech #earnings #NFPs #employment #interest #Bulls #money #FAANG $DIA $SPY $QQQ $RUTX $VXX $DIS Last Week’s Action US Stocks Finished Friday and July on High Notes. The tech stocks held the line kept the NAS Comp, SOX and NAS 100 in the Green. The big names in the NAS drove earnings . The […]

Box Office: Next Year’s Calendar is in Chaos

Box Office: Next Year’s Calendar is in Chaos

#boxoffice #C19coronavirus #WHO #studios #theaters #films #studios $MGM $CMCSA $DIS $T $AMC On March 4, MGM’s James Bond film No Time to Die became the first Hollywood tentpole in the C-19 era to delay its theatrical release. The 25th installment in the storied spy franchise moved from early April to Thanksgiving. At the time, the decision seemed drastic theaters […]

“Fear is Driving Decline in US Consumer Activity”

“Fear is Driving Decline in US Consumer Activity”

#fear #sentiment #confidence #US #consumer #Fed #C19coronavirus Sunday, the head of the Federal Reserve Bank of Minneapolis said “fear” is the Key factor behind a distressing decline in consumer activity that signals a stalling of the economic recovery. In a TV interview Fed member Neel Kashkari said consumers have to feel safe from the C-19 coronavirus chaos […]

Monday’s World Stock Markets: Asia-Pacific

Monday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan China shares rose on upbeat factory data, tech boost At the close, the Shanghai Composite index was up 1.75% at 3,367.97. The blue-chip CSI300 index was up 1.62%. The smaller Shenzhen index ended up 2.6% and the start-up board ChiNext Composite index was higher by 2.629%. Shanghai’s tech-focused STAR50 […]

President Trump to Dr. ‘Doom’ Fauci on Virus Testing: “Wrong!”

President Trump to Dr. ‘Doom’ Fauci on Virus Testing: “Wrong!”

#PresidentTrump #Virus #testing In a direct rebuke of the infectious disease ‘expert‘ who helped guide The Trump Administration’s global coronavirus response, President Trump called out Dr. ‘Doom’ Fauci as “Wrong” on slowing the spread in the US. President Trump Tweeted: “Wrong! We have more cases because we have tested far more than any other country, […]

Layers of Face Protection Vs C-19 Coronavirus

Layers of Face Protection Vs C-19 Coronavirus

#shield #mask #face #protection #C19coronavirus #CDC The more layers of protection covering your face, the better, say health officials.Last wk, Dr. Anthony Fauci recommended that people wear goggles or face shields to help prevent the transmission of C-19 coronavirus, but emphasized that this extra layer of safety should be used only in addition to wearing a face […]

Scientific Study Finds vitamin D Wards Off C-19 Coronavirus

Scientific Study Finds vitamin D Wards Off C-19 Coronavirus

#vitamin D #C19Cronavirus #diet #Sunshine #goodhealth A study by an Israeli university has confirmed what people have been saying throughout the virus chaos. Researchers have found out that vitamin D deficiency is a major factor in the rate of C-19 infection. The large survey found that higher vitamin D levels were associated with a lower […]

Good Nutrition is a Must When It Comes to Fighting C-19 Coronavirus

Good Nutrition is a Must When It Comes to Fighting C-19 Coronavirus

#C19Cronavirus #nutrition #diet #immune #disease #prevention #morbidity IF YOU WANT MARKETS TO RECOVER READ THIS AND WEAR A MEDICAL MASK Poor metabolic health is linked to underlying conditions including diabetes and cardiovascular disease that create major complications for people fighting coronavirus, confirming the critical link between C-19 and nutrition. Chronic health conditions such as hypertension, […]

Soap Vs Hand Sanitizer: Science Says ‘Soap and Hot Water Wins’

Soap Vs Hand Sanitizer: Science Says ‘Soap and Hot Water Wins’

#soap #water #CDC #C19cronavirus #washing #hands IF YOU WANT MARKETS TO RECOVER READ THIS AND WEAR A MEDICAL MASK Studies have shown that good hand hygiene can help slow the transmission of C-19 coronavirus. The Centers for Disease Control and Prevention (CDC) says that using soap and water is the best way to kill germs. If […]

The Way Forward on COVID-19: A Road Map to Reset the USA’s Approach to the Pandemic

The Way Forward on COVID-19: A Road Map to Reset the USA’s Approach to the Pandemic

#COVID19 #PANDEMIC Amid rising numbers of COVID-19 cases, hospitalizations, and deaths this summer, the AAMC (Association of American Medical Colleges) today released “The Way Forward on COVID-19: A Road Map to Reset the Nation’s Approach to the Pandemic” to dramatically change the nation’s approach to the coronavirus pandemic and save lives. The set of 11 evidence-based […]

Gooding & Company to Hold its 1st Online Auction, Lot 56, a Rare Alloy Ferrari 275 GTS is the Top Offering

Gooding & Company to Hold its 1st Online Auction, Lot 56, a Rare Alloy Ferrari 275 GTS is the Top Offering

#Ferrari #275GTS #auction #Gooding&Co #online #C19coronavirus In the automotive scenario reconfigured after the C-19 coronavirus chaos shutdowns stalled production lines and hit new-car sales with declines of 20% and more, here is an area the virus chaos has not hurt: the values of, and demand for, classic and collectable automobiles. “It’s been a wild ride, but it’s been good—it’s […]

30 Yr Home Mortgages Fall to 2.99%, a 50 yr Low

30 Yr Home Mortgages Fall to 2.99%, a 50 yr Low

#home #mortages #rates #economy US average rates on long-term mortgages declined this week, remaining near historic lows as the Key 30-yr loan dipped back below 3%. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-yr home loan eased to 2.99% from 3.01% last week. The benchmark rate has not fallen below […]

The US Economy is Experiencing a V-Shaped Recovery

The US Economy is Experiencing a V-Shaped Recovery

#economy #V-shaped #recovery A V-shaped recovery is commonly characterized by a quick and sustained recovery in measures of economic performance after a sharp economic decline.  “I think by the end of this year, you’re going to see a big rebound. And of course the stock market is telling us that. The market is telling us hey, we’re going to […]

Republican Lawmakers Rally to Pay American Businesses for Property Damage from the Violent Rioting

Republican Lawmakers Rally  to Pay American Businesses for Property Damage from the Violent Rioting

#Republican #lawmakers #PresidentTrump #violent #rioting #looting #aid/relief/stimulus #property #damage The $1-T aid/relief/stimulus package proposed by Republicans will compensate businesses for vandalism or looting due to public disturbances that occurred during Y 2020. And President Trump wants to send Americans more checks to shore up household finances. Republican lawmakers unveiled a $1-T coronavirus aid/relief/stimulus package, dubbed […]

US Stocks Finished Friday and July on High Notes

US Stocks Finished Friday and July on High Notes

#stocks #bigtech #revenue #earnings #virus #ecommerce #spending #investors #GDP #NYSE $DIA $SPY $QQQ $RUTX $VXX Stocks closed Friday and July on high notes, with the Bulls still in charge. The NAS Comp outperforming after of better than expected corporate earnings results from big tech firms like Facebook (NASDAQ:FB) and Apple (NASDAQ:AAPL), which both marked record […]

France Delivers Another Blow to the Euro

France Delivers Another Blow to the Euro

France’s economy slumped a record 13.8 percent in the second quarter as businesses bore the brunt of a strict coronavirus lockdown that slammed consumer spending, the INSEE statistics agency said Friday. The seasonally-adjusted drop in gross domestic product (GDP) from the first quarter was not as steep as many analysts had expected, but worse than […]

Spending Picks Up Despite Covid-19 in USA

Spending Picks Up Despite Covid-19 in USA

Americans ramped up spending again in June and prices inched higher following the collapse caused by COVID-19, but the data released Friday reflect the time before cases began to resurge. Personal consumption expenditures (PCE) rose 5.6 percent last month, after gaining 8.5 percent in May, the Commerce Department reported, and the PCE price index rose […]

Ferrari (NYSE:RACE) Drives Around C-19 Coronavirus Chaos

Ferrari (NYSE:RACE) Drives  Around C-19 Coronavirus Chaos

#Ferrari #RACE #earnings, #C19Coronavirus $RACE Ferrari (NYSE:RACE) has a defensive business model that has held up very well through past economic downturns. If anything, the C-19 coronavirus chaos should be easier for Ferrari to navigate than past outlier events. The Maranello Outfit’s customer base is holding up very well, and the other supercar companies have reported strong […]

The Economic Data Calls for More Aid/Relief/Stimulus

The Economic Data Calls for More Aid/Relief/Stimulus

#Aid/Relief/Stimulus #Congress #GDP #Fed #depression #economy US Treasury Mnuchin Calls on Congress to Pass more Stimulus this Month The economic data reported Thursday confirmed the enormity of the Q-2 blow suffered by the global economy and the challenges ahead. The longer Congress delays, the greater the risk that the stalled recovery will lead to a […]

There is ‘No Direct Evidence’ Masks Prevent Virus Infections

There is ‘No Direct Evidence’ Masks Prevent Virus Infections

#WHO #masks #C19Coronavirus #protection #infections A World Health Organization (WHO) on 5 June 2020, guidance memo on face mask use during the pandemic says there is “no direct evidence” universal masking of healthy is affective with respiratory illnesses, including C-19 coronavirus. Instead of everyone wearing masks, the Who recommends that those with “any symptoms suggestive […]

The Tech Bulls are In Charge Despite the C-19 Coronavirus Chaos

The Tech Bulls are In Charge Despite the C-19 Coronavirus Chaos

#Bulls #stocks #market #C19coronavirus #technology $DIA $SPY $QQQ $RUTX $VXX The Power Rally in US tech companies is about to intensify after earnings from the biggest providers of I-net services and Smartphones blew past Quarterly earnings estimates. ETFs tracking the NAS 100 rose about 1.8% following results from Amazon.com Inc. (NASDAQ:AMZN), Facebook Inc. (NASDAQ:FB), Alphabet […]

Friday’s World Stock Markets: Asia-Pacific

Friday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan China stocks closed higher Friday despite uncertainties in C-19 coronavirus chaos, while liquidity and retail investor enthusiasm fuelled the main indexes to post the biggest monthly percentage rises since February last year. At the close, the Shanghai Composite index was up 0.71% at 3,310.01. The index ended July […]

There Are More Drug Overdoses and Suicides Than C-19 Coronavirus Deaths in US

There Are More Drug Overdoses and Suicides Than C-19 Coronavirus Deaths in US

#C19coronavirus #drug #suicide #deaths #CDC In a testimony for a Buck Institute webinar, Dr. Robert Redfield said that the US has a far greater number of suicides now than it does deaths from C-19 coronavirus. And drug overdose deaths also greatly outnumber deaths from C-19, he said. While Dr. Redfield did not say where he […]

The Fed Vs Covid-19

The Fed Vs Covid-19

Equities mostly fell Thursday as fears a fresh wave of virus infections could push the global recovery off track erased early gains fueled by a Federal Reserve pledge to provide as much support as necessary to the US economy. While the central bank did not unveil any new measures and broadly met expectations, analysts said […]

Germany Economy and Covid-19

Germany Economy and Covid-19

The German economy suffered a record slump in the second quarter as coronavirus lockdowns took their toll, official data is set to show Thursday, but experts say a recovery is already under way. Federal statistics agency Destatis will unveil its flash estimate at 0800 GMT, with leading research institutes forecasting that gross domestic product shrank […]

Thursday’s World Stock Markets: Asia-Pacific

Thursday’s World Stock Markets: Asia-Pacific

#AsiaPacific #stock #markets China shares finished lower Thursday, with tech and resources shares leading the declines, as some investors booked profits following the market’s strong finish in the prior session. The blue-chip CSI300 index ended down 0.5% to 4,656.15 and the Shanghai Composite Index 0.2% to 3,286.82. Australian shares finished higher Thursday as investors cheered […]

Boeing Plans More Covid-19 Cuts

Boeing Plans More Covid-19 Cuts

$BA #Boeing #COVID19 Boeing reported a bigger-than-expected loss Wednesday and said it would further trim its plane production because of weak demand in the wake of the coronavirus pandemic. The aerospace giant suffered a $2.4 billion second-quarter loss, reflecting the hit from much lower commercial plane deliveries as airlines suspend purchases due to falling consumer […]

Significant Collapse of US GDP in the April-June Quarter from Covid-19 Rules

Significant Collapse of US GDP in the April-June Quarter from Covid-19 Rules

$USD $GOLD #ECONOMICS #USA #POLITICS #COVID19 Facing the second recession in just over a decade and with Congress locked in debate over a new emergency spending package, the Federal Reserve will seek a way to put some guardrails on the US economy. As we suggested early in the pandemic, the worst may not come till […]

General Electric NYSE:GE Civid-19 Takes Toll on Business

General Electric NYSE:GE Civid-19 Takes Toll on Business

$GE #COVID19 #CORONAVIRUS General Electric reported a bigger-than-expected loss Wednesday, due in part to sagging sales from its aviation business in the wake of the coronavirus outbreak. The company’s loss was $2.2 billion in the second quarter, compared with a loss of $61 million in the year-ago period. Revenues tumbled 24 percent to $17.8 billion. […]

When will the Covid-19 Pandemic End?

When will the Covid-19 Pandemic End?

Consider this unfortunately familiar scenario. Several months ago a highly infectious, sometimes deadly respiratory virus infected humans for the first time. It then proliferated faster than public health measures could contain it. Now the World Health Organization (WHO) has declared a pandemic, meaning that it’s spreading worldwide. The death toll is starting to rise and everyone is asking the same question: when will […]

How Fast Can a Covid-19 Vaccine be Made?

How Fast Can a Covid-19 Vaccine be Made?

#covid19 #coronavirus #vaccine When a new pathogen emerges, our bodies and healthcare systems are left vulnerable. In times like these, there’s an urgent need for a vaccine to create widespread immunity with minimal loss of life. So how quickly can we develop vaccines when we need them most?  Vaccine development can generally be split into three phases. In exploratory research, […]

Wednesday’s World Stock Markets: Asia-Pacific

Wednesday’s World Stock Markets: Asia-Pacific

China’s benchmark index posted the biggest gainer in a wk Wednesday as investors bought up shares after recent slumps, while the tech-focused STAR board soared on new listings. At the close, the Shanghai Composite index was up 2.06% at 3,294.55, its best daily performance since 20 July. The blue-chip CSI300 index was up 2.42% with […]

The VIX is Not Flashing Red or Yellow in Here

The VIX is Not Flashing Red or Yellow in Here

$VIX $VXX $DBCVIX $USD $EUR Financial markets’ fear gauges are not flashing Red or yellow at a time of serious global turmoil, stirring investor doubts over whether the indexes are mispricing current and future volatility. Volatility gauges embedded in option markets are used by traders and investors to predict the market’s direction. They are also […]

“The Key to Defeating COVID-19 Already Exists”

“The Key to Defeating COVID-19 Already Exists”

A Yale medical doctor and professor of epidemiology penned a frustrated op-ed in Newsweek, wanting to know why “tens of thousands of patients with COVID-19 are dying unnecessarily.” The solution, Dr. Harvey A. Risch says, already exists: Hydroxychloroquine works when it is given very early in the infection, “especially when given in combination with the […]

Gold is Temperamental, Silver is Really Temperamental, but There is a Long List of Bullish Drivers

Gold is Temperamental, Silver is Really Temperamental, but There is a Long List of Bullish Drivers

$XAU $GLD $XAG $SLV $USD $GOLD Gold steadied as investors paused after a record-breaking rally that saw futures touch 2,000oz for the 1st time. Futures and spot prices backed off from the wide swings that shook the market earlier as traders assessed the outlook for a host of drivers including Fed policy, with the FOMC meeting this […]