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Market News

Location American Market News for 5 May 2020
China Friendship Costs Andrew Forrest $900 Million In A Week Being a friend of China during a pandemic is proving to be a costly experience for one of Australia's richest people.
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3 Things To Watch When The Jet Fuel Runs Out Main Street needs customers. The Fed, for as much as it is trying to flood the markets with money, can't create them.
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Ex-Dividend Reminder: Lamb Weston Holdings, Starbucks And Walmart On 5/7/20, Lamb Weston Holdings, Starbucks and Walmart will all trade ex-dividend for their respective upcoming dividends.
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This is the first earnings report with Bob Chapek at the helm of Disney, after former CEO Bob Iger transitioned to executive chairman.
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Shares of Pinterest fell as much as 9% in after-hours trading on Tuesday after the company reported its first quarter results.
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Does Trump Want Tax Cuts In The Next Stimulus Package? Did somebody say "tax cuts?"
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Big Tech's AAA Balance Sheets

Forbes - 5 May 2020 22:47
Big Tech's AAA Balance Sheets Big Tech's balance sheet appear to make these companies unassailable.
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Vice Chairman Richard Clarida and two regional Fed leaders made similar predictions for an economic recovery.
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Why Are Oil Prices Rebounding?

Forbes - 5 May 2020 21:52
Why Are Oil Prices Rebounding? Oil prices saw their fifth straight day of gains on Tuesday, and traders are cautiously optimistic.
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China Stock Could Extend Rebound

Forbes - 5 May 2020 20:38
China Stock Could Extend Rebound A critical bull signal flashing on the charts could extend JD.Com's (JD) rally
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Stocks This Week: Buy PPL And Medtronic

Forbes - 5 May 2020 20:32
Stocks This Week: Buy PPL And Medtronic For PPL Corporation, May has been the strongest month for the share price in any year since 1980.
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Economy Gets a Haircut as Americans Don't

Wall Street Journal - 5 May 2020 20:11
The service economy is taking an unusually hard hit in the current economic downturn.
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2 Bargain Pharma Buys With Monthly Dividends Up To 10% If you're like pretty well everyone else, you're closely watching Gilead Sciences.
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Wisconsin And Georgia Are Waiving Road Tests For Teen Drivers Because Of Coronavirus 98% of teens pass a road test on their first or second attempt, the Wisconsin DMV says.
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Investors Cheer AIG's Caution on Coronavirus

Wall Street Journal - 5 May 2020 19:05
In its first-quarter earnings, American International Group reported an estimated net catastrophe loss due to Covid-19 that was more than several rivals. But while those stocks mostly tumbled after their reports in April...
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Table for None: Sysco Paints Dire Picture for Restaurants

Wall Street Journal - 5 May 2020 18:31
Earnings from the food-service giant suggest that many coronavirus-related business closures won't be temporary.
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BP Is Stuck in the Past

Wall Street Journal - 5 May 2020 18:19
British oil-and-gas producer BP is the only European supermajor that is carrying on as if nothing has permanently changed.
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Expect Repercussions From The Broken Farm To Table Food Chain "...consumers may begin finding empty meat cases in their grocery stores."
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A small group of exchange-traded funds that purport to offer built-in protection against losses--but cap gains at a fixed level as well--has surged in popularity.
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This is the highest ever subscription since the October 2016 issue
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The Giant Presumption Behind Re-Opening America What any of us think matters less than what the virus does. This "normal" everyone wants to see is an economy unmolested by this virus. Will it just go away?
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States Scramble For More Cash To Cover Soaring Unemployment Claims California is already borrowing money from the federal government to pay out unemployment benefits.
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