tyb
chek't quints
U.S. automakers to extend shutdown into April
Detroit’s Big Three automakers plan to extend a current shutdown of vehicle production in North America into April as the coronavirus pandemic continues, people briefed on the matter said Tuesday. The automakers had said on March 18 they would halt production until at least March 30.
Ford Motor Co (F.N) said in a statement Tuesday it was “not planning to restart our plants in the U.S., Canada and Mexico on Monday, March 30 as originally hoped.”
Two people briefed on the matter said Ford does not plan to restart production until at least April 6 but warned it could be further delayed into April.
General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCHA.MI) also do not plan to resume production on March 30, three people briefed on the matter said. It was unclear when they may resume production or if some plants could restart before others.
GM declined to comment Tuesday but said last week when it announced the shutdown it would last “until at least March 30. Production status will be reevaluated week-to-week after that.”
Michigan Governor Gretchen Whitmer issued an order on Monday barring non-essential businesses from operating until April 13. A spokeswoman for Whitmer was unable to clarify on Tuesday whether auto production is considered essential or not. Michigan has declared vehicle sales by auto dealers to be impermissible under the order, but dealerships and other facilities can make repairs. United Auto Workers President Rory Gamble said in a letter to union members on Tuesday that Fiat Chrysler had told the union that it would comply with the Michigan governor’s order and had “no plans to reopen on March 30.”
Fiat Chrysler declined to comment on the UAW letter. The UAW also said two Fiat Chrysler union members — one in Indiana and one in Michigan — have died after contracting the coronavirus. Gamble’s letter said the union is “waiting to hear from GM and are demanding that they put our members’ safety first and adhere to government and health officials’ recommendations to stay-at-home.”
A group representing major U.S. and foreign automakers warned in a letter to U.S. lawmakers with other industry groups on Monday that “Auto industry analysts are expecting sales to be down by as much as 40 percent in March compared to 2019.” The letter said 95% of North American auto plants are currently closed.
https://www.reuters.com/article/us-health-coronavirus-automakers/u-s-automakers-to-extend-shutdown-into-april-sources-idUSKBN21C0F0
Asia stock markets jump on back of record Wall Street rally
Asian stock markets rallied sharply on Wednesday in the wake of a surge in U.S. stocks on hopes of a big stimulus package to help the economy withstand the coronavirus crisis.
Abe, Trump hold teleconference
Japanese Prime Minister Shinzo Abe and US President Donald Trump have discussed the decision to postpone the Tokyo Olympic and Paralympic Games. Abe and Trump spoke on the phone Wednesday for about 40 minutes.
Their talk came after Abe and International Olympic Committee President Thomas Bach agreed on Tuesday to postpone the Tokyo Games, and to hold them by the summer of 2021 at the latest. The IOC executive board subsequently convened an emergency teleconference and approved the Games' rescheduling by about one year. Details of the conversation between Trump and Abe are not yet known, but it's thought Abe explained Japan's plans to deal with the postponement, and asked for support.
https://www3.nhk.or.jp/nhkworld/en/news/20200325_21/
Japan's benchmark stock index climbed more than 5% early Wednesday morning as investors rushed to buy back company stocks like SoftBank Group, Sony and Toyota Motor. It followed the lead of Wall Street, where the Dow Jones Industrial Average experienced its largest point gain in history.
The Dow closed up 2,112.98 points, or 11.4%, at 20,704, while the S&P 500 gained 209.93 points, or 9.4%, to 2,447. The Nasdaq Composite added 557.18 points, or 8.1%, to 7,417.
Investor sentiment improved on faith that the U.S. Congress will pass a stimulus package worth at least $1.6 trillion to shield businesses and households from the economic damage wrought by the coronavirus.
The lifting of uncertainty that had surrounded the Tokyo Olympics also helped to buoy the market. Japanese Prime Minister Shinzo Abe told reporters on Tuesday night that the games will be pushed back one year. The decision was announced after a phone call with International Olympic Committee President Thomas Bach.
The rally carried over to other Asian markets. South Korea's Kospi index and Taiwan's benchmark also gained around 4%, while Singapore's Straits Times Index climbed 3%.
However, future contracts on India's Nifty Index dropped 1.8% in Singapore, indicating a weaker opening to the market later on Wednesday. Earlier, India imposed a 21-day nationwide lockdown on its 1.3 billion people to curb the coronavirus pandemic.
The yen strengthened 0.3% as the dollar extended declines against a swath of developed and emerging market currencies.
U.S. equity futures also declined, underscoring investor tentativeness.
Moves by central banks have helped improve market sentiment. The Bank of Japan is accelerating its asset purchases through exchange-traded funds, while the U.S. Federal Reserve promised to buy unlimited amounts of Treasurys and other assets, including corporate debt, to support the flow of credit and steady financial markets. Data released on Tuesday shows a key gauge of activity at service providers and manufacturers contracting the most on record. The IHS Markit composite index of purchasing managers slumped 9.1 points to 40.5, the biggest drop in data since at least October 2009 and following similar slumps across Europe, the U.K., Japan and Australia.
Markets have gyrated for most of this month as investors try to decipher the impact of the coronavirus on asset classes while factoring in unprecedented monetary and fiscal stimulus measures. The S&P 500 index, for instance, has risen or fallen more than 5% seven times since March 9. Still, market losses have far outweighed gains with more than $20 trillion in global equities wiped out since the peak in January.
https://asia.nikkei.com/Business/Markets/Asia-stock-markets-jump-on-back-of-record-Wall-Street-rally
https://www.marketwatch.com/tools/marketsummary?region=asia
https://www.bloomberg.com/markets/stocks/futures
https://www.marketwatch.com/investing/index/dxy
https://www.marketwatch.com/investing/bond/tmubmusd10y
this discord shit is totally unfounded bullshit and you know it.
good..get the fuck out then
my take is that they will used as a proxy to take the stuff they own/created-The ETF's specifically-and Blackrock has trillions of them as "custodians" and place it in the FRBNY. Blackrock, Blackstone, Citadel, Vanguard, Fidelity etc all had an open conduit to the FRB's digital cash so why not use them to load the same shit they used the Fed to create and load it back up …
you'd know a turd..you have a mirror..go look
so you are going to bake the next bred then?……
If it's so easy right?
didn't think so.
oh wut would we do without you…KYS
>0e28df (25)
sure faggot. you've got in ALL figured out
0e28df (26)