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[m1k3y1] 18/3/2020 12:20

Trump live


Said 'we are going big, rather than drip feeding with daily briefings .

[m1k3y1] 18/3/2020 12:16

toon....the thing is, if you don't deal with the situation, you won't have an economy.
No good trying to play politics or tackle the problem on the cheap.

I wasn't impressed with Sunak using last nights briefing to spout the party mantra.

[m1k3y1] 18/3/2020 12:14

I agree Ham........one point, employers wouldn't lay off , as they too would need financial support.
GOV just has to bite the bullet.

Scaramucci in the USA saying Trumps 850m not enough, it should be 3 Trillion.

[montyhedge] 18/3/2020 12:06

Seen it all now punch up Waitrose over eggs and flour. Expect it say Aldi not Waitrose for goodness sake, lol.

[toon1966] 18/3/2020 12:06

Spoken like a true shareholder M...

[m1k3y1] 18/3/2020 11:53

ham....who cares . Just deal with the situation and worry about the debt later.

Trying to do both will only mean you end up not getting on top of anything.
It will be the same for all countries.

[hamhamham1] 18/3/2020 11:49

I heard a rumour that this in the end will double the national debt.

[m1k3y1] 18/3/2020 11:48

Sunak has to announce financial support for airports and airlines today, he should have done it yesterday.

Also, briefings at 7pm is frankly ridiculous. Important updates should be announced at the beginning of the trading day not the end.

Demonstrates to me that they really haven't got a grip of this situation yet.
Still playing catch up, rather than being ahead of the game.

[hamhamham1] 18/3/2020 11:26

I guess a record bull market had to come down in a record way.
And this is still early days.

[smithys2019] 18/3/2020 11:24

I reckon USA will be by far the hardest hit. The lack of leadership there and a nicompoop in charge will kill a lot of people.

[toon1966] 18/3/2020 10:52

Just watching CNBC, the ‘B’ word is being used in terms of Boeing. These really are dark days.

[hamhamham1] 18/3/2020 10:37

The US has now got all 50 states with virus cases, that is going to take several months to play out there.

[smartie6] 18/3/2020 10:12

Paa, naughty, very very naughty.

[paa65] 18/3/2020 10:11

I think UK is doing the right thing.Let those most able to survive it (children, and the working age population) carry on mixing to develop herd immunity.Protect the most vulnerable whilst that happens.The countries going for full lockdown have no exit plan other than hope that a) an existing drug is miracle cure or b) virus dies quickly in northern hemisphere spring.If the person who reported on here that Turkey may have 60% infection rate is correct, then Turkey will be first country to emerge from this crisis - simply by doing what the human race has done for a million years - let our natural defences kill it off.

[montyhedge] 18/3/2020 09:37

I think Spain, because IAG Spanish will have to do it to save the airline, eventually.

[sr2day] 18/3/2020 09:36

long time ago i was advised never invest in airlines and miners.now i know why.

[roberto mancini] 18/3/2020 09:34

NATIONALISATION coming to a share near U!!!

[snoopy12] 18/3/2020 09:31

They did not let a NY times journalist enter. Also there is very little news coming out of Turkey with . Figures doing the round estimate 60% infected.

[m1k3y1] 18/3/2020 09:31

fj.....fair enough. I understand that Cathay are recalling pilots also.

[fjgooner] 18/3/2020 09:29

m1ky1,

Maybe not, but I trust FedEx to play a straight bat. And according to FedEx, it looks like Asian demand is already getting back to normal

---------

While the uncertainty is shutting down daily life in much of the world, FedEx is beginning to see a cargo rebound in China, where the outbreak originated. About 95% of large manufacturers have returned to operations there, FedEx said, and last week the courier made about as many flights as normal to and from the country.

...

“The demand we’re seeing out of Asia right now is quite robust,” Chief Operating Officer Raj Subramaniam said on a conference call with analysts to discuss the company’s fiscal third-quarter results. “Manufacturing capacity is coming back online.”

From:

[smartie6] 18/3/2020 09:28

Must be serious then paa.

[smartie6] 18/3/2020 09:27

M1, you’ve seen through it. The loan guarantee does help but gives them time not to spend, hoping failures can be spread out over a number of years and ease the government debt burden. Best thing they could have done was to give everyone £10k to get them through a 4months U.K. closedown from thereafter we rebuild the U.K. economy and become self reliant.

[paa65] 18/3/2020 09:27

So if lockdown is the answer, why are Wuhan and Hubei still in draconian lockdown after two months?

[m1k3y1] 18/3/2020 09:27

paa....I don't think we can trust any information coming out of China to be honest.

[paa65] 18/3/2020 09:26

So if lockdown is the answer, why are Wuhan and Hubei still in draconian lockdown after two months?