[The beef 675]
[I'm an image]
"Bless you." - Jason, immediately after being sneezed on, and right before he starts assuming the worst
[Read The Beef Online - Click Here](
Hey there carnivores,
Markets fell on Friday as coronavirus fears escalated.
Today weâre diving deep into what exactly happened on Friday.
Keep raging,
Jeff & Jason
[Image]
[I'm an image]
Cover your mouth
It's all fun and games until your boss says he thinks he got âBudlightvirusâ on Saturday night and ends up getting hauled into HR for a stern talking to...
On Friday a second confirmed case of Coronavirus (that number more than [doubled]( over the weekend), the meme-worthy (is nothing sacred?), yet deadly, respiratory virus, popped up in the US. The news sent the Dow down 170 points, handing the index its first weekly loss of 2020.
How bad is it?
Well... in the Chinese city of Wuhan, where the disease is said to have originated, there are 56 confirmed deaths and [1.9k infections have been identified.](
The US has decided [to start]( getting its diplomats, their families, and any other citizens the f*ck out of dodge. Uncle Sam even chartered a plane that could take up to 240 of the roughly 1k Americans out of the city... at the expense of the passengers. Sucks to be poor...
Bad to worse
The outbreak is not full-blown [Contagion]( status (yet), but things have gotten bad enough that Chinese officials have locked down 17 cities, including Wuhan, in hopes of containing the virus. Wuhan ranks 13th out of 2k Chinese cities with factories that Bloomberg tracks, which means a major economic hub, with approximately 500 facilities, is going offline.
Not to mention, companies like McDonald's, Starbucks, and Walt Disney have already closed some stores (and theme parks) in the region. In the short term, China's travel and tourism industries stand to [suffer]( the most... but it's estimated that the deadly SARS virus which killed 774 people in 2002 and 2003 cost the world economy between $30B and $100B. Define "rough estimate."
The bottom line...
While the sickness is technically âdeadly,â most of the fatal cases have been folks with weaker immune systems (read: think Del Boca Vista residents).
That said, any âpandemicâ talk creates hysteria, and unsurprisingly, market participants decided that it might be time to take some profits off the table due to the imminent uncertainty. If we hear that the virus is contained at any point over the next few weeks, stocks could hop right back up on their high horse. If not... godspeed.
[I'm an image]
Last week I hosted a 4-day all you can eat knowledge buffet. What was on the menu? EVERYTHING I know about making money trading options.
Unfortunately, you missed my weeklong crash course. But the good news is that you can still get access to all of my most profitable trading tips PLUS my actual trades with my Total Alpha service.
Sorry, no betas allowed.
[IâM READY TO BECOME AN ALPHA](
[I'm an image]
âï¸ Trust issues. Apparently Lauren Sanchez ain't loyal (amirite Chris Brown?). Allegations that Jeffrey Commerce's bae (Lauren Sanchez) [leaked]( his shirtless photos and scandalous texts came to light during a trial that accuses the National Enquirer of extorting Bezos. Coincidentally this comes just a week after news broke that Saudi Crown Prince Mohammed bin Salman might have been behind the leak as he reportedly played a role in hacking Bezos' phone. So let me get this straight... Lauren Sanchez, who managed to bag the richest man in the world, decided it was a good idea to send her brother screenshots of flirtatious texts and pictures that Jeffrey Commerce (you know, the richest man in the world) had sent her so that her brother could sell them to the National Enquirer... for $200k? Talk about not thinking big picture...
âï¸Cash poor. Elizabeth Holmes has her hands full between her criminal trial in Cali and a civil trial in Arizona. But her civil trial took a strange twist on Thursday when Holmes [phoned it in](. Seriously, she dialed into her hearing... without lawyers on the line. Of course, the reason she doesn't have any lawyers is that her law team (in the Arizona case only) quit. No, not because of her creepy voice, but because she has allegedly not paid them a dime. It appears that she may be having some cash flow issues and is going all-in on her criminal trial in hopes of avoiding jail time. She still has lawyers working that trial. It's probably worth noting that Holmes had an estimated net worth of $4.5B at one point.
âï¸ Expense report. Salesforce has [confirmed]( that it offered to reimburse any of its 48k employees for the purchase of CEO Marc Benioff's book, "Trailblazer: The Power of Business as the Greatest Platform for Change." The book which went on to be a best seller (shocker) was deemed "business material" by the company. Although it's unclear how many copies Marc needed to move to achieve "best-seller" status, it's estimated that it takes at least 5k books sold in a week to make the NYT list. For what it's worth, Benioff donated all of the proceeds from 'Trailblazer'... which was probably the right move considering the book's premise is the need for "gentler capitalism." Sounds like communist propaganda, but ok.
âï¸ It's in the game. Bezos is such a n00b. YouTube (read: Google) has [won exclusive rights]( to broadcast Activision's e-sport leagues including Call of Duty and Overwatch. Google beat out the incumbent streaming service, Twitch (read: Amazon). No financial details were disclosed but Amazon paid $90M for the right to stream Activision's leagues over the last 2-years. And as if losing out on the streaming rights wasn't a big enough L for Amazon, Activision online games will also leave AWS for Google cloud.
RagingBull, LLC
62 Calef Hwy. #233, Lee, NH 03861
Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of this website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information included on this website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that owners, employees and writers of and for RagingBull.com, LLC may have long or short positions in securities that may be discussed on this website or newsletter. Past results are not indicative of future profits. This table is accurate, though not every trade is represented. Profits and losses reported are actual figures from the portfolios Raging Bull manages on behalf of RagingBull.com, LLC.
If you no longer wish to receive our emails, click the link below:
[Click Here to stop receiving emails from support@ragingbull.com](
[Unsubscribe from all RagingBull emails](