STOCKMARKET-BLOG.COM EXCLUSIVE
Dow Close 23,723, Almost No Change From Close 23, 775 Last Week
- U.S. Stocks Best Month Since '87
- Berkshire 50B Mega Loss;
- Tesla Profit;
- Musk Tweets;
- Google Ad Dip March;
- Bond King Says New Lows;
- Warren Buffett;
- Fed 0% Rate Pledge;
- Trump Bailout Oil;
- Us GDP -4.8% 1Q;
- Facebook Apps 3 B In Usage;
- Europe Recession;
- Treatment Hope;
Monday 24,133 +358 Points
Tuesday 24,101 − 32 Points
Wednesday 24,633 +532 Points
Thursday 24,345 −288 Points
Friday 23,723 −622 Points
Stock Market Rebounds - Best Month Since 1987
"The nearly 13 percent gain this month means the S&P 500 is now up roughly 30 percent from its March 23 low."U.S. Stocks Have Their Best Month Since 1987
Fed
Fed pledges to keep rates near zero..
Trump Bailout
President Trump reportedly mulls bailout for oil industry
Trump set to unveil bridge loans, emergency lending for oil firms
USA GDP Dip
US GDP -4.8% in 1st Q..
US Jobless Claims
ANOTHER 3.8 MILLION AMERICAN WORKERS FILE FOR UNEMPLOYMENT
Jobless claims hit 30 million, likely bringing unemployment to Great Depression levels
US Spending
US consumer spending plunges a record 7.5%
Europe recession begins..
Europe's economy just had its worst quarter since records began
ECB's Lagarde: Eurozone economy could shrink 5% to 12% in 2020
Treatment Hope?
Data from remdesivir coronavirus drug trial shows 'quite good news': Dr. Anthony Fauci
Gilead to produce 1m courses of remdesivir by year’s end
Gilead "Slapped With Downgrades"..
Reopenings
New Zealand and Australia open up after coronavirus success
GM, Ford and Fiat Chrysler target May 18 U.S. restart date: WSJ
Dubai Likely to Start Opening for Tourists at Beginning of July
New York, other states start to make plans for reopening
Turkey Considers Restart to Economy With Domestic Flights in May
New Zealand claims 'elimination'..
Biggest Mall Operator in U.S. Plans to Reopen 49 of Them
Losses
Berkshire Hathaway $49.7 Bil. Mega Loss In 1Q..
QTR 1, 2020, RPT [PDF Warning]
Exxon $610M in Q1...
Nissan warns of nearly $900m loss as sales collapse
Ford $2B..
SoftBank $6+ BIL Writedown "WeWork"
Criminal Probes..
Prosecutors, Regulators Probe Boeing 737 MAX Production Issues.. | WSJ
Dividends
Shell cuts dividend for first time since WWII, shares dip
Exxon Mobil maintains dividend
Harley-Davidson mises earning, cuts dividend; stock up..
Companies Are Suspending Dividends at Fastest Pace in Years
https://www.wsj.com/articles/companies-are-suspending-dividends-at-fastest-pace-in-years-11588075203
Lots of Companies Cut Dividends in April. Here Are Some Big Ones That Didn’t
Warren Buffett
Warren Buffett: Reveals Big 50B Loss; Doesn't Know What's Next For Stocks; Gives Praise For Fed Powell; Dr. Fauci; And More
Bond King
‘Bond King’ warns the stock market could hit new lows amid ‘social unease’
More
Stock Market Lows?
World’s Richest Are Waiting for New Dip in Stocks Before Buying
Expert who called the 2008 crisis says the signal to sell stocks is coming soon
Will stocks tumble back to their March coronavirus lows? 92 years of S&P 500 history say there’s a good chance
Tesla Profit, Elon Musk, Einhorn
Earnings
Tesla surprises Wall Street with first-quarter profit, stock rallies 9%
Tesla's Musk nears $750 million options payday ahead of results
Tesla CFO: Vehicle order backlog 'highest ever'
Enter
The
Einhorn
Einhorn Questions Musk’s Accounting..
Einhorn’s Greenlight Hedge Funds Deepen Slump With April Decline
Elon Musk
...Lambasts 'fascist' coronavirus stay-in-place orders
Musk vs. Zuck: A tale of two CEOs acting much differently..
Tweet
Elon Must Tweet Drama >>> Tesla -10% As CEO Elon Goes On Social Media Writes 'Price Too High'
FT Alphaville..
Elon, u ok hun?
Mark Cuban
Mark Cuban: If I had to start a side hustle now to make extra money, this is what I’d do
Jim Rogers
Investment biker Jim Rogers desperate to hit the road
Carl Icahn
Carl Icahn, who’s made a large bulk of his fortune in energy, has a new play in the industry
Tech Stocks, FAANG stocks, App Stocks, Social Media, Domains
Amazon
Amazon Q1 beats on net sales of $75.5B but posts net income of $2.5B, down $1B on a year ago
Amazon sees possible second-quarter loss as it forecasts $4 billion in COVID-19-related costs
Apple
Apple raises dividend by 6.5%
Google
Earnings
"Earnings: $9.87 per share, adjusted Revenue: $41.16 billion Cloud revenue: $2.78 billion YouTube advertising revenue: $4.04 billion Traffic acquisition costs: $7.45 billion"
..VIA
Alphabet Spikes 8% In After-Hours On ‘Better-than-Feared’ Q1 Results
Google Stock Pops On Views As COR-V Hit On Ads Not As Bad As Feared
Ad slowdown
"Slowest Rev Growth nearly 5 yr..Ad Rev Slowest since atleast 2010 ...Ad Rev grew 10% to 33.7B.."
...VIA
Alphabet grew more than expected in Q1, but its ad business saw ‘significant slowdown’ in March
“In March, we experienced a significant and sudden slowdown in ad revenue” - Google Top Boss
Travel Ad Spend Dips
"Travel companies like Expedia Group and Booking Holdings normally spend heavily on Google search ads, since so many travelers search for trips with terms like “flight to London” or “hotel in San Francisco.” But Expedia recently said it normally spends $5 billion on ads, but that it probably “won’t spend $1 billion” this year"
..VIA
April Trends
"Alphabet Chief Financial Officer Ruth Porat still warned that she anticipated "the second quarter will be a difficult one" because the early April trends may not hold."
Google ad sales steady after cv19 drop..
Alphabet's Google Ad Cliff Is Manageable, for Now
Cloud @ Google
Google Cloud revenue increased 52% to $2.78B in Q1, driven by “significant growth” in Google Cloud Platform and “ongoing strong growth” in G Suite
[hat tip techmeme.com]
Google Cloud, YouTube Expansion..
Google More
Google makes Meet free for all users, sending Zoom shares down 7%
Makes 200 Day Moving Average Move..
Amazon Drama
US Senator Wants Criminal Investigation And Now 5 Amazon Sites Put On US’s Notorious Markets List
Alleged "misleading testimony.."
CEO now called to Congress...
Facebook
Facebook jumps after reporting strong ad revenue, active users
Facebook +6.4%; usage tops expectations in Q1
Facebook shares soar on ‘signs of stability’
Facebook CFO: 'We had a steep decline in ad revenue in March'
Facebook's Usage Is Hot; Future Ad Business Maybe Not | WSJ
Facebook crossed above 200 day moving average..
Facebook Apps Use
FB says 3 Billion
people
actively use...
Facebook Apps now used monthly by more than 3b..
Microsoft
Microsoft’s stock rises after company reports 15% sales jump and says cvr had ‘minimal’ impact on revenue
Microsoft growth accelerates as ... boosts cloud business
...CEO Nadella says 2 years’ worth of digital transformation has occurred in 2 months
Uber App
Uber Discusses Plan to Lay Off About 20% of Employees
Uber tech chief quits..
Lyft App
Reducing employee count by 17%
AliBaba
Alibaba to Allegedly Demote E-commerce Chief After Probing Improper Behavior
JD.com
JD Eyes $3bn Hong-Kong Listing
EBay.com
EBay shares fall after earnings beat
Tech More
Pandemic is turbocharging tech’s appeal for investors
Tech Continues to Dominate
Hot Silicon Valley start-ups sell themselves at a discount
Facebook, Google and Snap have found their knight in shining armor as ad spending craters
Domains
Lawsuit claims GoDaddy erroneously charged customers for website builder
Sale of .ORG domain to private equity blocked after outcry
MORE
THIS
WK
Mastercard
Mastercard sees spending stabilising after lockdown plunge
McDonald's
McDonald's Q1 global same-store sales tumble 3.4%
Dunkin
Dunkin' Brands beats profit and revenue expectations, but Dunkin' U.S. same-store sales miss
Starbucks
Starbucks earnings miss
PepsiCo
PepsiCo adjusted earnings rise as consumers stock up, but company yanks outlook
Gold
Gold Drops Toward $1,700 as Economies Show Signs of Restarting
Gold Buyers Are Forking Over Lofty $135 Premiums for U.S. Coins
Rush for Havens Sparked Record Month for Gold Trading in London
Millennials
Millennials are piling into stock trading to beat the market..
Arabia
Arab Oil Kings
MBS: The Rise to Power of Mohammed bin Salman
Saudi Stocks Slump as Minister Warns of ‘Painful’ Measures Ahead
Asia
China
Trump threatens use of tariffs against China as .. retaliation
Trump aims to punish China over pandemic..
CNN..
'This is pure folly': It's an insane time for Trump to pick (another) fight with China
China Punters
Chinese buyers consider return to international property markets
Bank of China Clients Said to Lose $1 Billion on Oil Bets
E-Comm Drama..
Chinese e-commerce takes soap-opera turn as scandal surrounds three major players
Cars and Autos
Used Cars Want Buyers..
‘Fire Sale’ of Hertz Rentals Poses Risk to Broader Auto Sector
"Electric Car" Trend
Ford cancels Lincoln electric vehicle program..
Sovereign Funds, Central Banks
Norway’s $1 Trillion Wealth Fund Expands U.S. Stakes Amid Rout
Saudi Arabia buys $500 million stake in Live Nation..
A scandal shakes the world’s largest sovereign wealth fund in Norway..
An Ex-Goldman Bond Trader’s Quiet Rise to Managing $1.6 Trillion In Jpn
India’s central bank offers mutual funds $6bn liquidity line
USA "Small Biz Emergency Aid Program" Drama
USA 'PPP' Small Biz Emergency Aid Program
Becomes A Joke:
Aid Goes To Luxury Hotels, Private Schools, Chains, NBA Team
Treasury boss says U.S. will audit small-business loans above $2 million and warns of ‘criminal liability’ for false certifications
Now DOJ On The Scene..
Small-business owners could face jail time as DOJ launches investigation into loan program
More
Headlines >>>
The $3.8 trillion municipal bond market looks to Washington for help..
Stocks Are Rising as Economic News Worsens
South Africa Stocks Are on Track for a Record Month
South Africa Cut Deeper Into Junk by S&P as Pandemic Hits Growth
The new taxes coming to pay for all that stimulus spending
Credit Suisse ‘Dream’ Client Luckin Coffee Becomes Nightmare
Supreme Court rules Congress cheated health insurance companies..
Hotels sell credits, offering deep discounts for future stays
Homes 'selling like hotcakes' in 'speedy recovery,' Redfin
Corcoran: Rising mortgage applications are a ‘ray of hope’
New Investors.. Brokerages saw record account openings in the first quarter..
Junk bonds fly off the shelves after Fed boost
‘Trolls World Tour’ grosses nearly $100 million on demand — biggest digital movie debut ever
Fears Mount About Inflation Returning With a Vengeance
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