Is the stock market going to tank?

[Mazderati]

Initial claims so they are additive in the short term. Continued unemployed are also not included in the initial claims. Unemployment report scheduled for release tomorrow.

[glademaster]

Think of how much money big companies are saving on payroll compared to a few weeks ago. Bet the market goes up 5-7% today.

[dunfree]

10m? Easy there’s another 1-2m this week.

[Lone Star]

Think of how much money big companies are saving on payroll compared to a few weeks ago. Bet the market goes up 5-7% today.

now if we could just get rid of the minimum wage we'll be back to mid February levels in no time!

[glademaster]

I predict next week will be the third week in a row with record first time claims, now that the populated states in the south are starting to issue stay-at-home orders.

[glademaster]

now if we could just get rid of the minimum wage we'll be back to mid February levels in no time!

I'm more interested in eliminating child labor laws than minimum wage ones. We've already rolled emissions regulations back, I think it's time we see children on the assembly lines again. Plus, they're less susceptible to the virus, so they could get the economy going again at a fraction of the cost of adult workers.

[Mazderati]

US car sales financing data including March per Edmunds:

- Average new car loan term now > 70 months
- More than 35% of new car loans have 73-84 month terms
- Almost 13% of new car loans had APRs >= 10%
- Average used car loan term now ~ 68 months


https://www.edmunds.com/industry/pre...o-edmunds.html

[TAFKALVS]

Well, since everyone is buying based off the payment amount not the total purchase it's no surprise.

That and the fact the most popular cars seem to be giant luxury canyonaros that cost 90k.

[iceman]

...they should dramatically reduce eviction timelines to like a week.

Yeah that'd work out awesome. Deep thinking there.

[Benny Profane]

Think of how much money big companies are saving on payroll compared to a few weeks ago. Bet the market goes up 5-7% today.

Boeing just wants to wipe the slate clean and start with a newer, cheaper workforce.

https://www.marketwatch.com/story/bo...rts-2020-04-02

[4matic]

Oil down was a "tax cut" so juicing the oil price has to be a tax raise. Winning!

[dunfree]

Yeah that'd work out awesome. Deep thinking there.

That dudes been on the misery and pain for everyone but me train for a decade

[4matic]

MBS and Putin played Trump like a drum. Elbow bump.

Kill the shale industry and then get Trump to make them look like hero's.

[4matic]

A reversal in stocks and crude would be brutal technically today.

[Deebased]

Yeah that'd work out awesome. Deep thinking there.

The govt is stifling due process to protect renters; selecting winners and losers.

If its offering protection it should be across the board (section 8 style)

Telling the renter its ok and at the same time telling the landlord to get fucked doesn't help anyone except perhaps the banks.

[Deebased]

That dudes been on the misery and pain for everyone but me train for a decade

Nah I like misery and pain too.

Suffering makes us stronger.

[LeeLau]

CCL update

NCLH and RCH will have to do a raise

I'll cover CCL soon. That $8 is the commons price and they reduced size of offering so not as dilutive



The convert is 1.575B and converts at 10. So any stock movement over 10 can be shorted by convert holders

[MultiVerse]

Nah I like misery and pain too.

Suffering makes us stronger.

As in the food here is terrible. And the portions are small!

[Toadman]

Shocking:

Luckin Coffee (LK), the multi-billion dollar Chinese coffee start-up admits to fraud (down >70%)

Didn't see a headline on this. What's the gist of the fraud? Over reporting store #'s and revenue?

[Toadman]

MBS and Putin played Trump like a drum. Elbow bump.

Kill the shale industry and then get Trump to make them look like hero's.

Exactly. I'm stupified as to why the oil markets are up today?

Looks like Trump wants to bailout his new found oil exec buddies.

[406]

MBS and Putin played Trump like a drum. Elbow bump.

Kill the shale industry and then get Trump to make them look like hero's.

It really is crazy...Mr put a tariff on it goes out of his way to make sure MBS and Putin make a deal to enrich their countries oligarchy. MEGA! If Donald wanted to save US production, he could have put a 20% tariff on Saudi oil, would have helped pay off the 1%'er bailout.

[LeeLau]

Didn't see a headline on this. What's the gist of the fraud? Over reporting store #'s and revenue?

Fraud on revenues by COO and staff. You bet it goes all the way.

LK the listed Adr is a subsidiary which has a contractual right to profits and divs from the fraudulent Chinese parentco. Parentco is thirsty for funding. Nobody will lend them a dime


Edit fraud is 50% of revs. Impressive!

[Benny Profane]

It really is crazy...Mr put a tariff on it goes out of his way to make sure MBS and Putin make a deal to enrich their countries oligarchy. MEGA! If Donald wanted to save US production, he could have put a 20% tariff on Saudi oil, would have helped pay off the 1%'er bailout.

All he has to do is threaten to pull the troops. "Nice Kingdom you've got there. Shame something could happen to it."

[Toadman]

Maybe Trump told MBS the price of defending KSA was going up? And maybe Trump offered Putin some insider trading info for all those market moving tweets Trump puts out on a regular basis?

DUBAI/MOSCOW (Reuters) - U.S President Donald Trump said on Thursday he had brokered a deal with top oil producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid a global coronavirus pandemic, sending crude prices up by 45%.

Trump said he spoke with Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman, and now expected the two nations to cut output by 10 million barrels per day (bpd) - an unprecedented number representing 10% of global supply.

[4matic]

If the CEO of Exxon tweeted rumors to jack the oil price he'd be arrested.