Coronavirus cases–and deaths–spread beyond China–Is this the feared shift to pandemic outside of China?
Today Japan reported the first two deaths from coronavirus among passengers quarantined on the Diamond Princess cruise liner, South Korea reported its first fatality, and new cases in Iran sparked fears that the disease is spreading in the Middle East. China tallied a...
China’s private companies saying they can’t or won’t pay workers because of coronavirus
Across China, companies in the private sector of the country's economy are telling workers that their paycheck will be delayed or that it will be smaller than usual or, worst case, that there won't be a paycheck at all. For example, NIO, an electric car-maker based in...
Apple says it won’t make revenue guidance for the quarter that ends in March
Breaking news: Today Apple said it won't meet revenue guidance for the March quarter due to work slowdowns and lower demand due to the outbreak of the coronavirus in China. In it guidance for the quarter, issued on January 28, Apple had given an larger than usual...
Coronavirus might be slowing but numbers from China confused by data change
As of Sunday, the number of deaths in China from the coronavirus had climbed to 1,665 with 68,500 confirmed cases of infection, according to Chinese health officials.The daily total of new cases fell for a third day in a row--maybe. Last week Hubei province changed...
Saturday Night Quarterback says, For the week ahead expect…
..more earnings reports in what is turning out to be a decent quarter for earnings. Going into the season for reporting fourth quarter 2019 earnings, the fear was that results would disappoint for the period with the stocks in the Standard & Poor's 500 showing...China changes the way it counts coronavirus cases resulting in 13,300 more cases–and nobody really knows what this means
The calming words from the World Health Organization after Chinese health officials added 13,3000 cases to the total in Hubei province is that this is just a change in how cases are reported and NOT an indication that the epidemic, which has looked to be slowing over...
Coronavirus outbreak update and a new question
As of Monday evening, The official count of how many people have been infected by the coronavirus in China rose to 40,261. The reported death toll in China reached 909. 24 other countries have reported 389 cases. The outbreak in Wuhan will peak in mid- to...
Saturday Night Quarterback says, For the week ahead expect…
...an increasing focus on how long supply chains at individual companies can operate without showing the effects of shutdowns in China as a result of the coronavirus outbreak. For example, Wall Street analysts have begun to estimate how much slack exists in Apple's...
Here’s why U.S. economy added 225,000 jobs in January, well above projections, but U.S. stocks closed down
The U.S. economy added 225,000 jobs in January, well above the average 175,000 jobs added per month in 2019. And still markets fell. The Standard & Poor's 500 dropped 0.54% and the Dow Jones Industrial Average closed down 0.94%. The NASADAQ Composite slipped by...
Luxury market feeling the pain in China, says Burberry
The coronavirus is having a devastating effect on the luxury goods market, as wealthy Chinese consumers stay away from shops, and travel restrictions curb overseas shopping sprees, according to the Burberry Group (BURBY) The U.K. luxury retailer has closed 24 of its...
Trying to figure out if China GDP growth will dip to 4% (or lower) in the first quarter? Don’t forget real estate–the sector is getting killed by coronavirus
Great post by Dan Weinland and George Hammond in the Financial Times today, February 6. The coronavirus has devastated China's $43 trillion property market. The crash in the sector, which contributes 25% of China's GDP, could drop China's GDP growth to 4% in the first...Download Jim’s eBook for Free
