People don't forget

[The beef 675] [I'm an image] “Boeing wishes that the Coronavirus was it’s only problem." - Jeff Hey there carnivores, We’re getting pretty tired of the markets crashing every day… but here we are. Today we’re talking about how it’s a bad time to be in the aviation industry. Keep raging, Jeff & Jason [Image] [I'm an image] Stay Grounded Define "aviation disaster." Boeing announced that it would be halting production at its Washington plants, while GE Aviation sent a number of employees to the chopping block amidst coronavirus concerns. Boeing for broke Let’s start with Boeing. Don’t worry, not the 737 Max... yet. The airplane maker announced that it was [shutting down]( production at its Washington state plants for more than two weeks after an employee that works there died of coronavirus. Not on-site, but still not a great headline for a company with a rich history of sending people to the big hangar in the sky. The employee worked in Boeing’s Everett, WA plant, and was the first of Boeing’s employees to die of COVID-19, while there are [32 confirmed](cases among Boeing personnel. The planemaker which employs more than 70k employees across its Washington plants had previously stated that sick employees would be given 10 paid days off. For the record, it’s recommended that coronavirus patients self-isolate for at least 14 days, but skirting safety precautions is day 1 sh*t at Boeing. The bright side? There isn’t much… but now Boeing can make a better case in its request for a $60B bailout from the federal government. The possibility of a bailout helped its share price rise 11% at the end of the day, despite losing more than 68% on the year. The worst drop of any Dow share... but who's keeping track? GE-e mister, that sounds bad Not to be outdone, GE announced it would be laying off 10% of its aviation division, as demand for travel, if you can believe it, has fallen. The Google of the 19th century is taking things [one step further](, though. It’s reducing executive compensation while furloughing half of its domestic maintenance, repair, and overhaul employees for up to 90 days. According to the bastard child of Thomas Edison, the moves could save between $500M and $1B dollars *investors’ ears perk up*. Investors will have to wait, however, as shares of GE fell 1% on the news, bringing yearly losses to date to 42%. The bottom line... Hey Boeing, people don’t forget. Despite coronavirus, Boeing’s still got that little 737 Max issue to deal with. One of Boeing’s Washington factories acts as a parking lot for its 737 Max model. The same model that has been grounded for more than a year after two deadly crashes that caused global outrage against one of the US’s largest exporters. Between the lack of sales and the fact that it’s shutting down two of its largest factories, Boeing’s going to have a lot of burning the midnight oil when it gets back to business. Whenever that might be. Just a week ago, the company announced it would be rewiring all of the 737 Max models currently in holding, while its friends at the FAA decide how to deal with the more than [800 737 Maxs]( that have already been delivered. At the time, Boeing still expected to have the planes ready to fly by midyear. [Image] Why Should You Attend Jason Bond’s Live Training Event Tonight? Because He Made $42,000 In Trading Profits Last Week. [I'm an image]( Learn His Six-Figure Blueprint For Part-Time Traders And Why Now Is The Perfect Time To Be Trading His System It All Goes Down Tonight at 8PM ET [Register Here]( [I'm an image] ☑️Intervention. Jerry P. and his pals put their money where their mouth is, announcing that the Fed [will purchase unlimited amounts]( of Treasury and mortgage securities and extend additional loans to businesses of all sizes. Additionally, three new lending facilities will be introduced, enabling $300B in financing assistance to the credit markets. The Fed’s balance sheet will cruise past its 2016 peak of $4.5T by the end of this week, but shows that the central bank will essentially go to any length to save the economy. Not all heroes wear capes, but most of them wear loafers, apparently. The announcement came 90 minutes before markets opened, resulting in stock futures rising briefly before the bell. This, however, didn’t last, as stonks dropped at the open and closed negative on the day. ☑️Stop the sale. Modell’s Sporting Goods [is going out of business]( (still?), but the final closure date will be postponed thanks to the coronavirus. Wait, so the coronavirus is keeping a business open? Not quite… but MSG (not the Knicks) is postponing its liquidation sales until customers can actually visit its stores once the bans are lifted. Kind of hard to liquidate when people can’t shop... Prior to the closure, sales were allegedly ‘off the charts’, which sounds great, until you realize it was going out of business anyway. The place that you "Gotta go" is currently looking into whether it can pass on rent payments until business resumes… If Modell’s can do it, then we can too. ☑️Murders and Executions. PG&E: supplies electricity and natural gas to 16M people... kills 85. That’s only a ~.00005% kill rate, similar to [my CoD KD ratio.]( Pacific Gas [pled guilty]( to involuntary manslaughter from its 2018 fire, which resulted in 85 deaths and destroyed over 15k homes. The bankrupt utility company was charged with arson, compared to manslaughter, and agreed to pay the statutory maximum of $3.48M. With what money? No single person was charged in the deaths though, and $PCG rose 12.47% during trading on the day. ☑️It's unanimous. A long-running dispute between Comcast and Byron Allen [ended Monday](. The Supreme Court unanimously sided with Comcast, disagreeing with Byron’s $20B allegation that the cable company refused to carry his TV network, Entertainment Studios, due to racial discrimination. Entertainment Studios stated that Comcast not carrying its channels, such as Cars.TV and Comedy.TV, was just another act of the cable giant rejecting business from 100% African-American owned media companies. Comcast stated that it had limited bandwidth… just like it says to everyone that pays for its services. 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. 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