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Musk Emerges as Loudest Reopen Proponent With Tesla Threats

(Bloomberg) — Tesla Inc. asserts that restarting its operations in the midst of the coronavirus pandemic doesn’t make the company an outlier, nor is it going against the grain.But its chief executive officer’s handling of the health crisis has been anything but ordinary. Tesla sued the county blocking its car plant from reopening, with Elon Musk calling the local health officer — a former infectious diseases professor with a master’s degree in public health — “unelected & ignorant.” He threatened to move Tesla’s headquarters out of California, warning that all its manufacturing may leave the state, too.The weekend flare-up was …read more […]

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A Victory for Our Triad

There were gunshots on the farm this week… gunshots at sunrise.
As we poured a steaming cup of our morning coffee, we looked out the window to see a red fox sneaking his way through a pile of brush we cut last week. He had his eye on our flock of sheep in an upper field.
We watched to see how far he’d take it. Was he curious… or was he going for the kill? We’re expecting newborn lambs any day now, and we figured he found one before we did.
As he crouched down and slid on his four short legs through …read more […]

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Carnival Cruises Enjoys Huge Bookings Surge- Report

Carnival Corp (CCL) is already enjoying a surge in cruise bookings, indicating that demand remains strong despite the coronavirus pandemic.After the company announced this week it would restart some cruises in August, Cruise Planners’ Carnival bookings spiked 600% compared to the previous 3 days before the news, reports TMZ.This represents a 200% increase over the same time period in 2019 – before the coronavirus pandemic even struck- points out TMZ, which spoke to Cruise Planners’, an American Express travel franchise.According to the travel company, customers are “not a bit concerned about traveling at this time” with many looking to have …read more […]

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Europe Stocks Could Be Spooked on Second Wave: Rathbones

May.11 — Investors remain “pretty wary” despite the bounce in equity markets, according to Julian Chillingworth, chief investment officer at Rathbones. European markets in particular “could well be spooked” if coronavirus infections start to increase again, Chillingworth says in an interview on “Bloomberg Markets: European Open.” …read more […]

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Tesla’s China Model 3 Sales Tumbled 64% In April

Sales of Tesla’s (TSLA) Model 3 sedan in China plunged 64% in April vs March, according to new figures from the China Passenger Car Association (CPCA) CNBC reports.Specifically, Tesla sold 3,635 Model 3 cars in April, a significant decrease from the 10,160 vehicles sold in March. This means that Tesla has now sold 19,705 Model 3 cars in China since the beginning of the year.However, while sales fell, demand in China for electric vehicles rose. The country experienced a 9.8% increase in electric car sales from March to April, the CPCA found. The industry association also says that auto demand …read more […]

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EasyJet, Heathrow want early exit from UK quarantine rules

Britain’s easyJet urged the government to only keep quarantine requirements for a short period, while Heathrow Airport called for a plan to re-open borders, as new travel rules sent shockwaves through an industry already on its knees. British Prime Minister Boris Johnson said on Sunday that a quarantine would soon be needed for people coming into this country by air to prevent a second peak of the coronavirus pandemic. The new rules, which airlines have been told will be a 14-day quarantine period for most people arriving from abroad, are likely to deter people from travelling. …read more […]

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European Commission Threatens to Sue Germany

May.11 — Germany and the European Union are escalating a legal power struggle that could undermine the euro. On Sunday, European Commission President Ursula von der Leyen said the EU’s executive arm will consider possible next steps, including so-called infringement proceedings, after a critical ruling on European Central Bank policy by Germany’s constitutional court. Karin Matussek reports on “Bloomberg Markets: European Open.” …read more […]

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European Commission Threatens to Sue Germany

May.11 — Germany and the European Union are escalating a legal power struggle that could undermine the euro. On Sunday, European Commission President Ursula von der Leyen said the EU’s executive arm will consider possible next steps, including so-called infringement proceedings, after a critical ruling on European Central Bank policy by Germany’s constitutional court. Karin Matussek reports on “Bloomberg Markets: European Open.” …read more […]

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What Would the Post-Covid-19 World Look Like?

May.11 — Karen Harris, global head of macro research at Bain & Co., talks about the re-opening of various economies, markets and industries amid the coronavirus outbreak, and how the world would look after the crisis is over. She speaks with Haslinda Amin and Rishaad Salamat on “Bloomberg Markets: Asia.” …read more […]