Dow Close 21, 052; Us Jobless Rate Jumps To 4.4%; Fed Says May Hit 32%; Luckin Coffee -80%; Jim Rogers

Posted by Mr. Sultan


stock-market-news-weekly-apr-05




STOCKMARKET-BLOG.COM EXCLUSIVE

Dow
Fed
  • Jobless RATE May Hit 32%
Top News 
  • 4.4% 
          USA unemployment rate
  • U.S. loses 700K jobs
  • 6m+ 
    US unemployment claims
  • -80% Luckin Coffee 

More Lows?

  • Jim Rogers
  • Jeffrey Gundlach

Stock Market 

WEEKLY 
ROUNDUP...

Dow Jones Industrial Index

Close 

Dow-Jones-Industrial-Index


Federal Reserve


Job losses could total 47 million, unemployment rate may hit 32%, Fed estimates


Fed Bullard: US economy not in free fall despite 32% unemployment projection


Headlines
Main

6m+
US jobless claims smash through record as lay-offs accelerate

Luckin Coffee

Luckin Coffee shares sink 81% after special committee investigates 'misconduct,' suspends chief operating officer


 Allegedly faked $310m in sales, in-house probe finds


China’s Biggest Car Rental Firm Sinks 72% on Luckin Connection


More Low?

Jim Rogers 
Expects ‘Worst Bear Market in My Lifetime’ in Coming Years


Jeffrey Gundlach 
bets March's market lows to be surpassed in April 


Outspoken Wall Street bond whiz says the stock market is acting ‘dysfunctional’ and may hit rock bottom once we take out March’s low


Investor who called coronavirus collapse: Stocks aren't even close to a bottom


Headlines
Cont..
March's ISM manufacturing index is 49.1


China Is Back to Work


 Carnival looks to raise $6bn to stay afloat


Xerox abandons $35 billion hostile bid for HP

Warren Buffett

Warren Buffett 
Dumps Delta Air Lines, Southwest Airlines

Microsoft

Microsoft jumps 7% as cloud services see pickup


Microsoft bucks DJIA plunge in first quarter

Tesla

Tesla stock 
rose more than 
17% after hours

Tesla soars on delivery numbers -- company delivered 88,400 vehicles in Q1

Chanos says he is still ‘maximum short’ Tesla even with drop in last month

Headlines
Cont..

Shopify Stock Falls As 2020 Guidance Pulled..


Amazon hires 80,000 new workers, will take temperatures and provide face masks


Zoom falls ... as CEO apologizes for security lapses

Gold

Russia, World’s Biggest Buyer of Gold, Will Stop Purchases


Gold Squeeze Had Traders Looking for Bars as Far Away as Sydney


Other
Headlines

US stocks end the quarter down 20% in biggest drop since 2008


T-Mobile borrows $19bn to fund Sprint takeover


Tech spending now expected to decline in 2020, IDC says


Uber Eats accelerates push into grocery deliveries


‘Shark Tank’: Why Mark Cuban, Lori Greiner invested 6 figures in pasta joint


 ‘Fractional investment’ app backed by actor Will Smith and NFL star J.J. Watt surges in popularity 


Gas : Average prices fall below $2 a gallon


Richard Branson Wants a Virgin Atlantic Bailout..


China’s celebrity stock guru faces personal bear market


How China Big Apps Are Monitizing Cash From Stay At Home Trend


Japan Plans Handouts Over $2,750 in Record Stimulus Package


Retail Investors Pump Money Into Korean Stocks Like Never Before


Consumers spent record $23.4 billion on apps in Q1 2020, thanks to being stuck indoors


US Senator Sold Travel Shares Ahead of Trump Flight Ban


Elon Musk pitched the head of the Yellow Pages before the internet boom: ‘He threw the book at me’

Lockdown


 Lockdown Nightmare Continues..

Mortgage Defaults, Losses

Mortgage Defaults Could Pile Up at Pace That Dwarfs 2008


KBW bails on mortgage REITs


After $50 Billion of Losses, No One Comes to Save the Mortgage Market


Delay Payments

Bank Of America Lets 50,000 Mortgage Borrowers Delay Payments


Stockpiling Hysteria Ease?

Traffic at Walmart, Costco and Target falls for the first time in weeks as  stockpiling behavior shifts


Lawsuits 

Closing our business to stop the coronavirus violated our employees’ rights, lawsuit claims


Startups Jobs Wiped 

Start-ups cut nearly 4,000 jobs in March


Start-Ups Are Pummeled in the ‘Great Unwinding’ | New York Times


Vaccine Test

Johnson & Johnson identifies lead COVID-19 vaccine candidate, FDA approves 5-minute 
coronavirus test 

 https://finance.yahoo.com/video/johnson-johnson-identifies-lead-covid-152300156.html

IMF

IMF head warns downturn is steeper than financial crisis


Positives

Spain's coronavirus death toll shows signs of flattening



Dow Jones Weekly Moves

Monday +690
Tuesday -410
Wednesday -973
Thursday +469
Friday -360


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