US Airline Stocks Crushed. Southwest Warns on US Domestic Demand. UK Airline Collapses, Abandoned by Its Coronavirus-Spooked Owners by Wolf Richter • Mar 5, 2020 • 138 Comments Estimated hit to global air passenger revenues quadruples to $113 billion. Stocks of top-seven US airlines plunged 30% in 15 trading days, after getting massacred today.
Out-of-Funds Chinese Property Developer Oceanwide Tries to Shed its Mega-Money-Pits in San Francisco, Los Angeles, and Manhattan at a Loss, But it’s Hard by Wolf Richter • Mar 5, 2020 • 100 Comments At first, capital controls cut off funding. Now the coronavirus gets in the way of the money-losing sale it could finally line up.
“COVID-19 Added to this Uncertainty:” Orders & Sales of Heavy Trucks & Medium-Duty Trucks Plunge in the US by Wolf Richter • Mar 4, 2020 • 57 Comments But for its still pre-coronavirus quarter, Navistar reported today that its Truck revenues collapsed by 31%.
Yield Curve Gets Ugly, 10-Year Treasury Yield Falls Below 1% for First Time Ever, 30-Year at Record Low, on Rising Inflation by Wolf Richter • Mar 3, 2020 • 137 Comments Ready for another shock-and-awe panic-cut by the Fed? Last time the Fed panic-cut was in 2007/2008, and look what happened to stocks.
Stocks Sag as Fed Cures Coronavirus by Cutting Rates ½ Percentage Point by Wolf Richter • Mar 3, 2020 • 226 Comments Disappointed the Fed didn’t print antibodies?
“Wall Street Biggest Banks Shamelessly Try to Use Coronavirus to Get Federal Reserve to Weaken Rules”: Better Markets by Wolf Richter • Mar 2, 2020 • 134 Comments At first, banks leveraged the repo market to force the Fed to ease liquidity & capital rules; now they leverage the coronavirus. Whatever it takes.
Just How Bad Is It Going to Get for US Airlines? by Wolf Richter • Mar 2, 2020 • 123 Comments “We are preparing for the possibility of further reductions to our schedules as the virus spreads.”
China’s Non-Manufacturing & Manufacturing PMIs Show to What Unfathomable Extent the Economy Has Collapsed by Wolf Richter • Mar 1, 2020 • 209 Comments The charts are brutal.
“Nothing Goes to Heck in a Straight Line,” Not Even Stocks Today by Wolf Richter • Feb 28, 2020 • 225 Comments Wow, what a day, what a week, what a 15-minute spike at the end!
Has the Coronavirus Hit US Consumer Spending Yet? by Wolf Richter • Feb 28, 2020 • 83 Comments In January, consumers carried on in hunky-dory land.
