Archives of “February 2020” month

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China updates total coronavirus cases to 28,018 (from 24,324 yesterday)

  
  Analysis

National Health Commission with the updated figures for mainland China as of end February 5, more than 3.5K new cases yesterday

  • Jan 17: 41
  • Jan 19: 62
  • Jan 20: 201
  • Jan 21: 291
  • Jan 22: 440
  • Jan 24: 830
  • Jan 25: 1,287
  • Jan 26: 1,975
  • Jan 27: 2,744
  • Jan 28: 5,974
  • Jan 29: 7,711
  • Jan 30: 9,692
  • Jan 31: 11,791
  • Feb 1: 14,380 (number of dead across the country 304)
  • Feb 2: 17,205 (number of deaths 361)
  • Feb 3: 20,438 (death toll 425)
  • Feb 4: 24,324 total cases, 490 deaths
  • Feb 5: 28,018 (death toll up by 73, now 563)

Airline Cathay Pacific is asking its 27,000 workers to take 3 weeks off without pay

  
  Analysis
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Cathay is a Hong Kong carrier, citing a “significant” drop in demand for flights caused by the coronavirus outbreak.

  • wants staff to take 3 weeks of  unpaid leave
  • between March 1 and the end of June
Examples of the economic impact the virus are mounting.

Russia is not supporting a deeper output OPEC+ cut – report

  
Analysis, Crude
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Reuters report

Russia is not supporting a deeper oil output cut and prefers and extension of the current pact, according to Reuters sources.
WTI briefly dipped below $50.50 on the headline.
Russia was grandstanding against the December cut before it fell in line. All that said, the only one who is really cutting is Saudi Arabia. The Russian ‘cut’ is the usual cold weather slowdown.

US Indices add to their gains. Nasdaq/S&P close at record levels

  
Analysis, US Market
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S&P just misses making a new all time intraday high today (short by $0.19)

The US stocks are closing up for the 3rd day in a row.
The NASDAQ index is closing at a session high and reached an intraday all-time high of 9574.936.
The S&P index reached a high price of 3337.58. That was just short of the all-time high price of 3337.77. So it was just short of that level. However, it is closing at an all-time record high taking out the previous high from January 17 at 3329.62.
The Dow is still below its all-time high, but it was the biggest mover today.
The levels at the close are showing:
  • S&P index +37.13 points or 1.13% at 3334.71
  • Nasdaq index +40.71 points or 0.43% at 9508.68
  • Dow up 483.09 points or 1.68% at 29290.73
Big winners for the day included:
  • Chubb, +7.06% the
  • Unitedhealth, +5.31%
  • IBM, +4.85%
  • Exxon Mobil, +4.64%
  • Emerson, +3.85%
  • United Airlines, +3.7%
  • Boeing, +3.66%
  • Bank of America, +3.24%
  • 3M, +3.21%
  • Chevron, +3.21%
  • travelers, +3.14%
  • Citigroup, +3.08%
  • Caterpillar, +2.89%
  • Intel, +2.89%
  • DuPont, +2.64%
  • Charles Schwab, +2.48%
  • General Dynamics, +2.47%
Losers today the included:
  • Tesla, -17.04%
  • Ford Motor, -9.54%
  • Lyft, -3.82%
  • Chipotle, -3.5%
  • Square, -3.07%
  • Walt Disney, -2.35%
  • Gilead, -2.28%
  • Twitter, -1.77%
  • Chewy, -1.65%
  • AliBaba, -1.21%
  • Starbucks, -0.93%
  • Amazon, -0.52%
  • Tencent, -0.45%
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