No Name, You feeling ok?

[Image]( EMAIL}/redirect (Advertisement) Posted on Saturday, February 3rd, 2020 by Jeff and Jason on Raging Bull The elderly and children aren’t the only ones scrambling for surgical masks amid the global Coronavirus outbreak. US markets took a spill on Friday, one day after the WHO (not the band, you hippie) declared coronavirus a “health emergency of international concern.” On Friday, the Dow fell 2.1%, it’s worst daily drop since August. The S&P and Nasdaq fell 1.8% and 1.6% respectively. It was the S&P’s worst week since October, and so far into 2020, all US indices are in the negative. Up in the air Airline providers, in particular, were hit hard as American, Delta, and United all announced they would be suspending China flights. And you thought having a middle seat was bad, imagine having to sit next to the guy who’s hand-delivering a global pandemic to Chicago. Delta, in particular, sped up its China flight cancellations, a precaution which was initially scheduled to go into effect later this week. The last returning flight from China left yesterday. An airline moving ahead of schedule? Thought we’d never see the day. EMAIL}/redirect (Advertisement) Not just airlines Beyond the airline industry, other companies have halted business in China, starting with business travel restrictions, and extending as far as halting operations within China. Apple vowed to stop all operations, both corporate and retail, in China through at least February 9th because apparently a software update can’t solve everything. Walmart, on the other hand, will conduct all planned meetings virtually, while restricting non-essential business travel. Though no disease you can get in a Chinese Walmart is any scarier than what you’ll catch in one stateside. What trade war? On a government level, both the US and China have taken steps to prevent further spread of the virus... trade war be damned. China will be rolling back tariffs on goods related to the treatment of the virus, while the US has put mandatory quarantines in place as the 7th and 8th confirmed cases in the US were discovered over the weekend. Thinking of traveling to China? Hope you don’t mind a two-week layover in a bubble. China also announced this weekend that it would be injecting $21B of liquidity into its markets, in an effort to prevent a sell-off. The bottom line... If you’re an investor, some analysts say there’s not much to worry about, despite the market’s latest movement. Some believe that even the Fed could have its hand forced, and could cut rates as a result of the virus. The same Fed that said they were keeping things steady back in October? The very same. As for global earnings, you can be sure to expect a number of Q1 reports placing the blame on virus pullbacks, and not on an unsustainable business plan. Looking at you, Blue Apron. EMAIL}/redirect (Advertisement) ☑️ The next step (down). CBS’ Joe Ianniello and Hulu’s Randy Freer have both fallen victim to that awkward situation where an incumbent CEO has no place to go within a freshly merged company. Ianniello initially stepped in to run CBS when longtime CEO Les Moonves was facing sexual misconduct allegations. The board then proceeded to approve a merger with Viacom that left big Joe feeling more uncomfortable than a priest at an orgy. Freer faced a similar situation, though he probably saw the writing on the wall because, ya know, Hulu vs. Disney+. On the plus side, now he’s got free time to Netflix and chill. ☑️ His name was Robert Paulson. Financial news website Zero Hedge was banned from Twitter after its pseudonymously named scribe, Tyler Durden, released the personal information of a Chinese scientist who "may or may not have" had something to do with the start of the coronavirus epidemic. According to Twitter, the article which recommended that people “pay a visit” to the scientist (whose name was not released via other sources), violated its policy of targeted harassment of an individual. The post was initially posted on Zero Hedge’s website but users tweeted and re-tweeted links. You gotta give it to Jack, he walks the walk. ☑️ Short Circuit. Despite getting a $656M cash influx from billionaire Lawrence Stroll, Aston Martin is delaying the much-anticipated release of its electric vehicle. The high-end car maker is on life support thanks to some struggles in pursuing the EV. In order to grant the cash, Stroll set terms that the company would not use the money to continue developing its electric vehicle, and start building a new model called DBX, its first SUV. Larry Stroll knows that fossil fuel is the future. EMAIL}/redirect (Advertisement) To get Exclusive Offers make sure you grab your cellphone (which you are probably doing right now) and join our VIP text messaging list (standard text and messaging rates may apply)to make it even easier, if you are on your cell phone now click this Button Below: [SIGN ME UP NOW]( © 2019 PTE.la PTE, LLC (publisher of PTE.la) is NOT registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. 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