Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
...China fireworks. We ended last week with the Commerce Department slapping new restrictions on the sale of any chip made with U.S. semiconductor manufacturing equipment to China's Huawei Technologies. (Which means that Taiwan Semiconductor Manuacturing's plans to...
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
... Friday's report on job losses in the U.S. economy for April to be the big news of the week. The Labor Department’s April employment report is expected to show a 21 million jobs plunge in payrolls for the month. That's the biggest month drop since the start of...
China GDP plunges by 6.8% in first quarter
China's gross domestic product contracted by 6.8% from a year ago in the first quarter. Economists had projected a 6.0% drop. The decline was the worst since the government began releasing quarterly GDP numbers in 1992. Other numbers in today's data dump were equally...
China’s exports get hit by coronavirus disruption in the rest of the global economy
We won't know until March 31 when he purchasing managers' indexes for China are released but it looks like China will see its first quarterly contraction of its economy in decades and the weakest year since 1976. The problem is that just as Chinese factories are going...
China rolls the dice on coronavirus, speeds workers back to factories
China's national and local governments are rushing to restart factories. They're loosening the rules on quarantine and screen for the coronavirus so workers can return to work. This even though the virus has shown that it can incubate, undetected and asymptomatic, for...
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...
China quarantines 760 million people–think that will have an effect on the economy?
We still don't know if the coronavirus epidemic is slowing in China--the latest report shows deaths in China up 105 to 1,770 and the official number of cases climbing in mainland China to 70,548. Hubei province has reported 1,933 new cases, up from 1,843 the day...
Trick or Trend: Coronavirus to cause big drop in vehicle production in China and elsewhere–maybe
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Market...
Commodities take another China hit–which gives us something else to watch for a bottom
Two Chinese companies have invoked force majeure clauses in their contracts to refuse delivery of cargoes of liquified natural gas and copper. Chinese buyers have also asked Chilean miners to postpone shipments and China's biggest oil refiner Sinopec Group is likely...
Citigroup forecasts coronavirus will hit China GDP hard with growth to slow to 4.8% in first quarter
That 4.8% growth in the first quarter would come after 6% growth in the fourth quarter of 2019. The bank also cut its forecast for growth for the full 2020 year to 5.5% from 5.8%. Granted this is just one forecast at a time of extreme uncertainty. But I would note...
China economy headed to “stable,” U.S. forecast to relative slip
China's economy grew by 6.1% in 2019. That's down from 6.6% in 2018. But the 2019 figure meets the government's target, and December industrial output rose 6.9% year over year, ahead of the 5.9% forecast by economists. Retail sales climbed by 8% against a forecast of...Jim’s Stock Alerts
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