Dow 21K Above; Dow 3-Day-Surge; 3M Jobless Claim; Lockdown; Gold; 2T Stimulus; 5T Fed Bal. Sheet [Weekly Roundup]

Posted by Mr. Sultan


stock-market-news




STOCKMARKET-BLOG.COM EXCLUSIVE


 Dow
  • Surge 3-Day-Up 
  • Technically Out Of Bear Mkt

Unprecedented Lockdown

  • 3.3m Us Jobless Claim 
  • Trump: Economy open again on Easter April 12
  • $2T Stimulus Pass

Gold
  • Bars, coins demand up - CNN
FEDERAL RESERVE
  • U.S. economy will bounce back 
       from short-term shock: Bullard
  • 5T Balance Sheet
Facebook
  • Sees weakening in its ads


Stock Market News 

WEEKLY 
ROUNDUP...

Dow Jones Industrial Index


Close 
dow-jones-index
3-Day-Surge

 Dow rebounds more than 11% in best day since 1933 as Congress nears coronavirus stimulus deal

 https://www.cnbc.com/2020/03/23/dow-futures-up-more-than-200-points-as-senate-debates-over-virus-bill.html

 Dow posts best 3-day gain since 1931 even as jobless claims surge to record 3.3 million

 https://www.usatoday.com/story/money/2020/03/26/dow-stocks-market-jobless-claims/2914393001/

 Technically Speaking, the Dow Just Rocketed Out of a Bear Market

 https://www.bloomberg.com//news/articles/2020-03-26/technically-speaking-the-dow-just-rocketed-out-of-a-bear-market?srnd=markets-vp


Lockdown 



 Trump 
wants ‘packed churches’ and economy open again on Easter April 12..

 https://www.cnbc.com/2020/03/24/coronavirus-response-trump-wants-to-reopen-us-economy-by-easter.html

 Trump signs $2tn stimulus

 https://www.ft.com/content/2c70c1d5-b14e-4584-bd32-bb674dde3d9a

 Companies axe dividends in global push for cash

 https://www.ft.com/content/e9102d80-6d2c-11ea-89df-41bea055720b

 Retail stocks hammered

 https://finance.yahoo.com/video/retail-stocks-hammered-coronavirus-cases-195750086.html

 GE’s stock falls to 28-year low after aviation unit cuts jobs

 https://www.marketwatch.com/story/ges-stock-falls-to-28-year-low-after-aviation-unit-cuts-jobs-as-coronavirus-weighs-2020-03-23?siteid=yhoof2&yptr=yahoo


 US airlines seek to delay day of reckoning with $50bn bailout

 https://www.ft.com/content/a3713e3e-6d74-11ea-89df-41bea055720b


 Amazon has been the king of big tech stocks during the sell-off

 https://www.cnbc.com/2020/03/24/amazon-been-best-bet-among-tech-giants-during-pandemic-induced-selloff.html

 Bank of America waives fees, defers payments on credit cards, mortgages and auto loans
...Citi, Chase, Capital One, Discover, Apple and American Express have made similar announcements

 https://www.cnbc.com/select/bank-of-america-coronavirus-assistance/

 Bank of America CEO says struggling customers can defer loan payments online with 'two-clicks'

 https://www.cnbc.com/2020/03/27/bank-of-america-ceo-says-customers-can-defer-loan-payments-online.html

 Bank of America fields 150,000 payment deferral requests, but some customers call mortgage relief ‘misleading’

 https://www.cnbc.com/2020/03/27/bank-of-americas-mortgage-deferrals-called-misleading-here-is-what-to-know.html

 Insurance industry could be ‘in jeopardy’ ... warns Lloyd’s chair

 https://www.ft.com/content/bc97929f-8561-49f0-9eef-cf4f602c42d2

 Yum Brands suspends $2 billion buyback program, provides royalty grace period for franchisees

 https://www.cnbc.com/2020/03/25/yum-brands-suspends-2-billion-buyback-program-amid-coronavirus-crisis.html

 BTS, #1 Current Band, Postpones US, Canada Tours

 https://www.cnbc.com/2020/03/27/south-korean-boy-band-bts-postpones-us-canada-tours-over-coronavirus-concerns.html

 Carnival seeking up to $7B in new debt

 https://seekingalpha.com/news/3556027-carnival-seeking-up-to-7b-in-new-debt-bloomberg

 Big companies raise record sums from bond market in dash for cash: Investment-grade borrowers topped up their coffers by $244bn..

 https://www.ft.com/content/b5e1de86-eea1-4cb3-b911-878781e36c24

Google is donating $800 million 

 https://www.cnn.com/2020/03/27/tech/google-800-million-coronavirus-response/index.html

Nike


 Nike +7% after earnings topper

 https://seekingalpha.com/news/3554841-nikeplus-7-after-earnings-topper

Amazon


 Amazon.com teaming up with Lyft on recruiting the ride-hailing company’s drivers to deliver packages and groceries 

 https://www.bloomberg.com/news/articles/2020-03-27/amazon-teams-up-with-lyft-to-recruit-drivers-for-deliveries

Facebook


 Facebook says despite high usage, ads taking hit in viral hot regions

 https://seekingalpha.com/news/3554861-facebook-says-despite-high-usage-ads-taking-hit-in-viral-hot-regions

 Facebook sees weakening in its ads business due to the coronavirus | CNBC

 https://www.youtube.com/watch?v=ptp8T9cxN0c

 Facebook in talks to acquire stake in top Indian telco Reliance Jio, report says

 https://finance.yahoo.com/news/facebook-talks-acquire-stake-top-153042994.html

 Microsoft

 15 mins+
CNBC's full interview with Microsoft CEO Satya Nadella

 https://www.youtube.com/watch?v=H7qQSbjT1E0

 Ford Stock Spike

 Ford's stock soars 41% in 2 days, the biggest 2-day gain since Thanksgiving 2008

 https://www.marketwatch.com/story/fords-soars-41-in-2-days-the-biggest-2-day-gain-since-thanksgiving-2008-2020-03-25?siteid=yhoof2&yptr=yahoo

 Ratings, Downgrades..

 Ford credit rating cut to junk at S&P; Moody's also warns

 https://seekingalpha.com/news/3555250-ford-credit-rating-cut-to-junk-s-and-p-moodys-also-warns

 Japan's SoftBank attacks Moody’s after debt downgrade..

 https://www.ft.com/content/5b5048ae-d00d-4b97-ad98-e63c0f44473b

Gold


 Investors are snapping up gold bars and coins - Cnn

 https://www.cnn.com/2020/03/26/investing/gold-demand-supply-coronavirus/index.html

 Gold gains more than $80 an ounce to mark largest daily dollar climb on record

 https://www.marketwatch.com/story/gold-gains-more-than-80-an-ounce-to-mark-largest-daily-dollar-climb-on-record-2020-03-23?mod=home-page

 World’s Rich Are Stuggling to Get Hold of Gold in ‘Crazy’ Moment

 https://www.bloomberg.com//news/articles/2020-03-25/world-s-rich-are-stuggling-to-get-hold-of-gold-in-crazy-moment?srnd=markets-vp

FED
U.S. economy will bounce back from short-term coronavirus shock: Bullard

 https://www.youtube.com/watch?v=RP-FIZF68Mg

 Fed’s Kaplan and Bostic See Chance for Solid Post-Crisis Rebound

 https://www.bloomberg.com//news/articles/2020-03-27/fed-s-kaplan-projects-unemployment-to-peak-in-low-to-mid-teens?srnd=markets-vp

 Balance Sheet Tops $5 Trillion for First Time..

 https://www.bloomberg.com//news/articles/2020-03-26/federal-reserve-s-balance-sheet-tops-5-trillion-for-first-time?srnd=markets-vp

 Bernanke 
says Fed chief Powell 'got ahead of this,' and 'going big' was right thing to do 

 https://www.cnbc.com/2020/03/25/bernanke-says-fed-chief-powell-got-ahead-of-this-and-going-big-was-right-thing-to-do.html

 The Federal Reserve just pledged asset purchases with no limit to support markets

 https://www.cnbc.com/2020/03/23/fed-announces-a-slew-of-new-programs-to-help-markets-including-open-ended-asset-purchases.html

 Fed surprises market with program to support corporate bonds

 https://www.cnbc.com/2020/03/23/fed-surprises-market-with-program-to-support-corporate-bonds-amid-pandemic.html

 The Fed is going to buy ETFs. What does it mean?

 https://finance.yahoo.com/m/f0395044-4d73-34a4-983b-129d0cdefccf/the-fed-is-going-to-buy-etfs-.html

 Fed to conduct $1 trillion in daily repo for rest of March 2020

 https://www.youtube.com/watch?v=mWo6qNOrTb4
More

 This was the fastest 30% sell-off ever

 https://www.cnbc.com/2020/03/23/this-was-the-fastest-30percent-stock-market-decline-ever.html

 U.S. Consumer Sentiment Drops 
Much More Than Initially Estimated In March 

 https://www.nasdaq.com/articles/u.s.-consumer-sentiment-drops-much-more-than-initially-estimated-in-march-2020-03-27

 Direxion cuts leverage on 10 funds, closes eight funds

 https://seekingalpha.com/news/3554240-direxion-cuts-leverage-on-10-funds-closes-eight-funds

 ‘Great liquidity crisis’ hits as banks step back

 https://www.ft.com/content/bd3c0ccc-6ce8-11ea-9bca-bf503995cd6f

 Restaurants can’t survive on delivery alone, says Grubhub CEO Matt Maloney

 https://www.marketwatch.com/story/guid/3b00d024-6ae2-11ea-9113-79baefee335a?siteid=rss&rss=1

 Bill Ackman, Lloyd Blankfein Take Lockdown Disagreements to Twitter

 https://finance.yahoo.com/news/bill-ackman-lloyd-blankfein-lockdown-132054553.html

 These companies are hiring thousands of new employees

 https://www.cnn.com/2020/03/23/business/coronavirus-companies-hiring/index.html

 Interest in stock trading apps soars

 https://techcrunch.com/2020/03/25/financial-markets-may-be-sliding-globally-but-interest-in-stock-trading-apps-soars/
SEC steps in after investors buy up the wrong Zoom

 https://www.ft.com/content/98635c63-b4ab-49a3-9c18-1de6819d6305

 Steve Ballmer buys the Forum for $400 million in cash 

 https://www.cnbc.com/2020/03/24/los-angeles-clippers-owner-steve-ballmer-buys-the-forum-for-400-million.html

 American Pump Prices Fall Below $2 in First Time in Four Years

 https://www.bloomberg.com//news/articles/2020-03-27/american-pump-prices-fall-below-2-in-first-time-in-four-years?srnd=markets-vp


 Ad-Spending Collapse Will Be Worse Than 2008-09, Survey Finds 

 https://www.barrons.com/articles/ad-spending-collapse-will-be-worse-than-in-financial-crisis-survey-51585339757?siteid=yhoof2&yptr=yahoo

 Shaq Criticized for Skipping Too Many Papa John’s Board Meetings

 https://www.bloomberg.com/news/articles/2020-03-28/shaq-criticized-for-skipping-too-many-papa-john-s-board-meetings?srnd=premium

 S&P Sees Dubai Property Prices Dropping to Levels Seen in 2010

 https://www.bloomberg.com//news/articles/2020-03-29/s-p-sees-dubai-property-prices-dropping-to-levels-seen-in-2010?srnd=markets-vp
Bottom Calling
BlackRock’s Rieder says bond market volatility has peaked and stocks may have hit bottom 

 https://www.cnbc.com/2020/03/25/blackrocks-rieder-says-bond-market-volatility-has-peaked-and-stocks-may-have-hit-bottom.html

 Bill Ackman Makes $2.5 Billion ‘Recovery Bet’ Amid Coronavirus Tumble 

 https://finance.yahoo.com/news/bill-ackman-makes-2-5-181343209.html

 David Tepper says he's buying some tech stocks, but market may have 10% to 15% more to fall

 https://www.cnbc.com/2020/03/23/david-tepper-says-hes-buying-some-some-tech-stocks-but-market-may-have-10percent-to-15percent-more-to-fall.html

 Man who scored big wins during the 2008 financial crisis says the stock market could be ‘near a bottom’ if U.S. gets a coronavirus recovery plan

 https://finance.yahoo.com/m/2464e645-f879-315f-8daf-86d64fab3012/man-who-scored-big-wins.html

Dow Jones Index Weekly Moves


 Monday -580 
Tuesday +2,112 pts
Wednesday +500 almost
Thursday +1350 
Friday -915



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