Trading Ideas

As some U.S. states lift stay-at-home orders, investors and park fans are watching to see how Walt Disney Co — which makes a third of its revenue from parks, experiences and products — reimagines the “happiest place on earth” for a world altered by the coronavirus. “This is the greatest challenge that the industry has ever faced,” said Phil Hettema, founder of The Hettema Group, which designs theme park rides and other experiences. Disney, which has not announced any plans to reopen the parks, declined to comment for this story. …read more […]

Top news and what to watch in the markets on Friday, May 1, 2020. …read more […]

COVID-19 has killed over 230,000 people. It has ravaged the world economy. People are staying home. And they are losing their jobs. So why is the stock market going up?
Why the stock market moves in general is complicated. But it also comes down fundamentals: supply and demand. The more people want to buy stocks, the more their prices will shift upwards. And vice-versa.
People only buy stocks when they believe that the potential reward is worth the risk. So when they buy stocks, they are optimistic that they will see prices rise over their holding period.
With all of the damage to …read more […]

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(Bloomberg) — Breaking up is hard to do.The coronavirus has forged a once unlikely alliance between Donald Trump’s Treasury Department and the central bank he often derided. The close embrace is resurfacing concerns about the Fed’s independence in the long run.By openly urging Trump and Congress this week to spend more money fighting the pandemic, while promising to keep interest rates low, Fed Chairman Jerome Powell risks putting the central bank into a political box once the health emergency has passed.Government borrowing has skyrocketed during the crisis. The big worry is that Fed policy will end up being driven by …read more […]

World stocks pulled back further on Friday on grim U.S. economic data, mixed company results and President Donald Trump’s threat to impose new tariffs on China over the coronavirus crisis. British Airways operator IAG shed another 2.6% as details of its plans to cut staffing, including a quarter of its pilots, to weather the collapse in air travel caused by the coronavirus. The negative sentiment was set by comments from Trump on Thursday that he was concerned about China’s role in the origin and spread of the novel coronavirus and that his hard-fought trade deal with China was …read more […]

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The fate of Norwegian Air was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline. Bondholders were set to start a meeting at 1400 GMT on Thursday to vote on the airline’s debt-to-equity plan, the first major test of its rescue efforts amid the coronavirus outbreak. Since then, Norwegian Air has sent no messages about the outcome. …read more […]

The experimental vaccine, mRNA-1273, is being tested in early-stage trial by the U.S. National Institutes of Health, with Moderna expecting to begin mid-stage trial in the second quarter. “Over time, the parties intend to establish additional production suites across Lonza’s worldwide facilities, ultimately allowing for the manufacture of material equivalent to up to 1 billion doses of mRNA-1273 per year for use worldwide”, the statement added. Earlier this month, Moderna got a $483 million funding from a U.S. government agency to accelerate its COVID-19 vaccine development. …read more […]

(Bloomberg) — The best month for global equities in almost a decade may be enough to convince investors the light at the end of the coronavirus tunnel isn’t a train, but the debate on what comes next is only just beginning as they adjust their focus to a financial landscape utterly changed by the pandemic.An indisputable takeaway from the crisis is a massive expansion in global debt — given the more than $8 trillion in fiscal measures worldwide, according to a Bloomberg compilation. Corporate balance sheets will have changed, as CFOs seek to bolster their capital through equity and debt …read more […]

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Boeing’s capital raise, first reported by Reuters earlier this week, is the sixth-largest investment-grade bond offering of all time and the biggest year-to-date, according to Refinitiv data. The Federal Reserve’s intervention in the credit market has boosted prospects for troubled borrowers such as Boeing. While it has not yet snapped up any corporate bonds such as Boeing’s, its openness to doing so has buoyed credit markets. …read more […]