Disney+, which launched five months ago, was doing well even before of the coronavirus pandemic, which is keeping people stuck at home and spending more time online. Starbucks said its fiscal second-quarter profit would likely drop by 47% due to the coronavirus impact, and that it was abandoning its full-year forecast. The coffee chain is also suspending its share buyback program, although it will continue to pay its dividend.
Spirits maker Diageo pulled its 2020 sales and profit forecast, and also suspended its $5.6 billion stock buyback program. However, the company did say it would pay its April dividend as planned. Swiss banks UBS and Credit Suisse will postpone part of their 2019 dividends, bowing to pressure from European regulators. The banks were the last two major banks to make such a move, arguing that their financial positions were strong enough to support dividend payouts.
Hyperinflation on the horizon.
The Greatness of USA is it's Corporate Welfare Government. Imagine 2.3T + 2T(Congress) all to prop up Businesses. Airbus would have Bid for Boeing.
Find buying junk bonds now. Capitalism is dead
Meanwhile small most businesses have gotten zero funding , SBAgov is a mess, EIDLLoan is capped at $15k and the eidlgrant is now $1000 per employee and never was handed out in 3 days
I see your going to have chinless Steve Mnuchin on this morning. Daddy always said never trust a man with a weak chin.
Oh hey we didn't learn any lessons about the fed induced bubble that took the market down so fast last time, What a fuckin surprise!
It's good the FED is preventing depression, but they cannot prevent recession. No matter the amount of money FED pumps into the economy, it will not change consumer demand till there is a coronavirus cure. unemployment around 20 mil in America. Let that sink into the markets.
Lol , why lie to people? This is inflate market with paper , millionaries , FED, Trump , Banks take this Buy shares inflate market. MANIPULATION. Don't lie people
They should throw a few billion and an activation of the Defense Production Act to ramp up testing to take out the virus.
Simply put. The US economy is on a ventilator
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Source: BusinessInsider - 🏆 729. / 51 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: MarketWatch - 🏆 3. / 97 Read more »
Is the Dow staging a genuine coronavirus rebound? — Here’s what experts think as the stock market attempts to shake the bearish grip of the pandemicInvestors are seeing light at the end of the tunnel after a brutal period. But is it a train? Here’s what some strategists are saying about the outlook for the market as it tries to recover from COVID-19. Probably a false dawn. Not if Dr. Fauci can help it! Stonks don’t tell the story of the 6 million people who went on unemployment racking up expenses on credit cards
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Source: WSJ - 🏆 98. / 63 Read more »