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Carnival Halts Global Cruise Operations For 60 Days
Shares of Carnival Corp. plunged by more than 20% on Thursday morning ( it has since recovered 3.23 (-14.85%) after it announced its Princess Cruises Line would halt operations for 60 days amid the Covid-19 outbreak. This comes after all confirmed cases of the new coronavirus aboard cruise ships have been on Princess vessels. The Diamond Princes has been docked in Yokohama, Japan, with at least 700 confirmed cases. The Grand Princess docked Monday in Oakland, California, has about 21 confirmed cases.
Princess Cruises announces it will "voluntarily pause global operations of its 18 cruise ships for two months (60 days), impacting voyages departing March 12 to May 10.” https://t.co/JDwgJwbtEK pic.twitter.com/smhLBIL6cL
— Dan Linden (@DanLinden) March 12, 2020
Here's the press release from Carnival:
n proactive response to the unpredictable circumstances evolving from the global spread of COVID-19 and in an abundance of caution, Princess Cruises announced that it will voluntarily pause global operations of its 18 cruise ships for two months (60 days), impacting voyages departing March 12 to May 10.
"Princess Cruises is a global vacation company that serves more than 50,000 guests daily from 70 countries as part of our diverse business, and it is widely known that we have been managing the implications of COVID-19 on two continents," said Jan Swartz, president of Princess Cruises. "By taking this bold action of voluntarily pausing the operations of our ships, it is our intention to reassure our loyal guests, team members and global stakeholders of our commitment to the health, safety and well-being of all who sail with us, as well as those who do business with us, and the countries and communities we visit around the world," added Swartz.
While this is a difficult business decision, we firmly believe it is the right one and is in alignment with our company's core values. Rest assured the long-serving and dedicated professionals at with our company's core values. Rest assured the long-serving and dedicated professionals at our company will make best use of this time to prepare Princess Cruises' fleet of cruise ships for a successful return.
https://www.zerohedge.com/markets/carnival-halts-global-cruise-operations-60-days
https://www.marketwatch.com/story/carnival-stock-drops-22-after-princess-cruises-pauses-operations-on-18-ships-for-2-months-2020-03-12
Shut off by the 7% breaker
https://finance.yahoo.com/quote/%5EDJI
https://www.kitco.com/charts/livegold.html
AZAZ09O9 USMC C-560 out of JBA and NW
PAT029 out of McGuire AFB, New Jersey and sw
R30016 out of Dobbins and east to just se of Augusta-did the same thing yesterday over this area- cap#2
fools and anyone who is facing margin calls. It's all paper-based via the COMEX. Very little, if any, physical metail trades hands. They jacked up the amount to over $100m the other day. Just paper.
good fabulous morning to you B
and silver as it's a better deal with the ratio where it's at
https://goldprice.org/gold-silver-ratio.html
nothing to be sorry about. Don't even remember what that about. Shit rolls off my back easily either way.
o7
got yer back(s). shout out if you need something
>So use fake internet cash to buy fake internet silver?
You buy it off the "internet" and not a registered dealer or coin shop you get what you deserve.
they, COMEX, were paying off contract holders-in cash-to step out of the delivery status on the run up to just under $50 in 2011. They tried it with me. I declined. Then we got MF Global
>BTC
yeaaa..no. crypto is just an extension of the old system. If you are in and out of it fine but not as a long-term thing. All of it needs to get flushed
it was a managed event. System was loaded up on paper assets-mortgages, derivatives you name it. The Bear Stearns tanking was one the first overt catalysts. They "placed" it at JP Morgan. It deteriorated from that point.
Another one was Schumer intentinally calling out IndyMac bank as less than stable. Many factors but those two were the very public things.