Dow Close 23, 775; Oil Price Negative; US Deficit To 3.7 Trill; Reopen Of Global Emergency Order; Netflix; Shopify; Peloton | Weekly Report



  • DOW JONES Close 23, 775
  • Federal budget deficit could hit $3.7 trillion this year, CBO says
  • Oil Price Goes -Negative
  • Another 4.4 million Americans filed for unemployment benefits last week 
  • Stock Market Pops This WK: Netflix, Shopify, Peloton

Dow Jones Industrial Average Close

Monday 23, 650 −592 pts (- 2.5% almost)
Tuesday 23, 018 −631 pts (- 2.7% almost)
Wednesday 23, 475 +456 pts( + 2% up)
Thursday 23,515 +39 pt (+ 0.17% up)
Friday 23,775 +260 pts (+ 1.11% up)

US Deficit, Unemployment

Federal budget deficit could hit $3.7 trillion this year, CBO says

Another 4.4M Americans filed for unemployment benefits last week

California leads in the number of jobless claims

Reopen Of Global Emergency Order

US Treasury boss says economy to reopen in May and June..

Beaches in Jacksonville, Florida reopen

India takes first steps to restart..

Dubai prepares to relax lockdown to support economy...

Oil Price Negative  

( May 20 Futures Contract CL )

Oil's Sub-Zero Crash

US oil price below zero for first time in history

US oil prices collapse as storage runs out

With Crude’s ‘Bloodbath,’ Energy Stocks Also Head South

Forbes: The U.S. Oil ETF, USO, Is The Culprit Behind Oil’s Massive Plunge 


"King Of Oil"

Predicted "prices would turn negative"

Oil trader Pierre Andurand cleans up in crude’s historic crash
.. Fund manager expected coronavirus-induced slowdown to test logistical constraints

These Hedge Funds Gained When Oil Prices Went Sub-Zero

CME boss says his exchange is not for retail investors and it’s ‘no secret’ futures can go negative

Oil exec and Trump ally Hamm seeks U.S. probe of oil price crash

CME Group CEO responds to requests for investigation | VIDEO

Negative Futures Market Move Losses

Retail investors in China may have been on the hook for $85M..

Oil’s Sub-Zero Wipeout Costs Bank of China Customers $85 Million 

Popular trading app lost $88 million because its users bought too much oil

Stock Market Pops 

Netflix Stock

Netflix has biggest quarter ever for new subscribers, stock rockets higher


Boom in Online Shopping Fuels Rally in Shopify Stock'

Becomes Canada’s Second-Biggest Stock..

Monster Rally...


Peloton Stock Rallies As It Shatters Participation Record...

Stock Market News


Amazon Is Building a Delivery Powerhouse. Look Out, FedEx, UPS, USPS.

Mark Cuban says Amazon stock will keep going 'up up up'..

Amazon scooped up data from its own sellers to launch competing products | WSJ

Amazon May Have Misled Congress, House Judiciary Chair Says

Trump threatens to block aid to U.S. Postal Service if it doesn't hike prices for Amazon packages

Amazon begins selling items from neighborhood stores in India..


Intel slumps on earnings

Intel stock sinks as boom in earnings is not expected to last 

Intel stock falls after report says Apple plans to debut its own Mac chips in 2021 

Small-Biz Miss Out Emergency Aid

"Larger companies 
it ran 

‘Where is my loan?’ Small businesses miss out on US rescue funds 

Shake Shack Will Return Its $10 Million Loan Amid Furor Over Stimulus Program

Largest public companies taking payroll loans meant for small businesses

Luxury Hotelier Who Backed Trump Wins Big in Small-Business Aid


IBM stock slips as software sales slumped..

IBM withdraws its full-year 2020 financial guidance

IBM sees shift in client spend priorities


Google Stock Rises As Digital Advertising Move Targets Amazon

Google slashing marketing by up to half - CNBC


Zoom shares drop as Facebook rolls out free video calls

Facebook invests $5.7B in Indian Internet giant

Facebook Seals Biggest Deal Since WhatsApp With Ambani

Facebook to launch ‘virtual dating’

Facebook launches drop-in video chat Rooms to rival party app


Expedia shares fly on report of talks to sell stake for $1 billion

Expedia raises $3.2B... names new CEO..


Hedge Fund Citadel Discloses Huge Stake in Tesla Stock


Baker Hughes reports $10B net loss due to massive impairment


Top 7 Stocks Boomers And Millennials Are Betting Big On Now 

Buy Stocks?

This respected market-timing model just flashed a bullish four-year outlook for stocks

Why investing pros are buying the dip | CNBC 

The Bear Market Isn’t Over, Citi Says Buy Stocks

Bill Miller: This is one of the 5 greatest buying opportunities of my life


Stock Market Lows?

BofA Says S&P 500 to Hit Fresh Lows If Volatility Pattern Holds

Stock market could retest lows once investors see coronavirus toll on earnings, says Mark Mobius

‘The world is more screwed up’ than the stock market is currently reflecting, warns billionaire investor

Bottom Call

"26% contend the DJIA has already hit bottom ... while 74% predict the bottom is still ahead of us"

400+ Financial Experts Predict 
when the Stock Market 
will hit bottom


Fed balance sheet expands to record $6.5+T..


Gold Is Heading for $3,000, Bank of America Says. ‘The Fed Can’t Print Gold.’


Hedge funds suffer worst quarterly outflows since financial crisis

Electric Car Trend

Nio, Tesla Fall After China Cuts Electric Cars Subsidies

Cord Cut Trend

AT&T’s cord-cutting problem accelerating..

Arab World

"value of Lebanon's local currency has been in free fall, losing over 60% of its value against the dollar"

Lebanon currency crisis..

Saudi Aramco Starts Cutting Output Ahead of May 1 OPEC+ Target

Dubai Stocks Rise Most in Mideast as States Start to Ease Curbs


Ambani Tops Jack Ma as Asia’s Richest

Japan to subsidize 100% of salaries at small companies

Rich Asians Feel Pain on $10 Billion of Bond Bets After Crash

Chinese carmakers move into Myanmar to battle Japanese rivals


Tech’s trillion-dollar valuations are about to be tested..

Boeing said to pull out of $4.2B Embraer merger

Amex says travel and leisure spending by cardholders fell 95%

Paul Krugman Says Federal Government Response Insufficient So Far

The Latest Fashion Accessory in Miami: A Luxury Condo
...Upscale brands are licensing their names to developers

Chipotle Mexican Grill agrees to $25 million fine to settle federal criminal charges over tainted food

Airbnb hosts decry $250 million relief fund as a ‘publicity stunt’

‘Pharma bro’ Martin Shkreli seeks prison release..

Bill Gates Buys $43 Million Oceanfront Home Near San Diego

Chinese listings in the US hit by poor performance 

Gilead antiviral drug remdesivir flops in first trial

Swiss central bank suffers record loss in market rout

CEO of $1 Trillion Norway Fund Says He ‘Really Screwed Up’

Tanzania Introduces Price Controls for Sugar

Bed Bath & Beyond brings back some employees after 85% online sales jump in April

Marc Cuban keeping 'doors open' for 2020 bid

Kanye West Vaults From Broke to Billions With Yeezy in Demand



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