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Wed Feb 26, 2020, 08:37 PM

Dow Jones Futures Fall Amid Microsoft Coronavirus Warning, Trump Comments After Stock Market Rally

Source: Investor's Business Daily

Dow Jones futures fell Wednesday, along with S&P 500 futures and Nasdaq futures. Microsoft (MSFT) warned it'll miss sales targets due to the coronavirus, following warnings from Apple (AAPL) and Mastercard (MA). President Donald Trump spoke on the coronavirus crisis.

The number of China coronavirus cases is still trending lower, with few outside of Hubei province. But Covid-19 cases continue to proliferate. South Korea and Italy coronavirus cases are rising rapidly, while a large number of countries reported their first case.

Microsoft said late Wednesday that it won't meet current-quarter revenue targets, citing the coronavirus impact on its PC suppliers and manufacturers in China. Microsoft stock fell 1.9% in late trade, pushing it below its 50-day line.

Last week, Apple said it would miss sales targets due the virus's impacts on iPhone production and demand in China. Mastercard said earlier this week that the coronavirus will likely hit Q1 and full-year revenue growth slightly.

Read more: https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-microsoft-coronavirus-warning-stock-market-rally-apple-tesla-amd/

14 replies, 2090 views

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Response to LaurenOlimina (Original post)

Wed Feb 26, 2020, 08:44 PM

1. I imagine everyone losing confidence watching the orange assclown

ugh

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Response to LaurenOlimina (Original post)

Wed Feb 26, 2020, 08:48 PM

2. Can't ppl see how completely ridiculous *the market* is unable to react to crisis.

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Response to Kurt V. (Reply #2)

Thu Feb 27, 2020, 07:32 AM

11. It IS reacting. I think you mean it is not responding, not mounting a campaign against virus. nt

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Response to LaurenOlimina (Original post)

Wed Feb 26, 2020, 09:01 PM

3. Ah, suppliers in China

What is in America that doesn't need Chinese replacement parts?

What does America manufacture that doesn't use Chinese components?

See how everything could be standing still in a few weeks?

People be afraid to shop. It's coming. Prepare.

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Response to bucolic_frolic (Reply #3)

Wed Feb 26, 2020, 09:06 PM

6. Food and medicine

There are Chinese chemicals in a lot of processed food. Like artificial sweeteners and preservatives.

and lots more:
https://ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china
Imports

China was the United States' largest supplier of goods imports in 2018.

U.S. goods imports from China totaled $539.5 billion in 2018, up 6.7% ($34.0 billion) from 2017, and up 59.7% from 2008. U.S. imports from are up 427% from 2001 (pre-WTO accession). U.S. imports from China account for 21.2% of overall U.S. imports in 2018.

The top import categories (2-digit HS) in 2018 were: electrical machinery ($152 billion), machinery ($117 billion), furniture and bedding ($35 billion), toys and sports equipment ($27 billion), and plastics ($19 billion).

U.S. total imports of agricultural products from China totaled $4.9 billion in 2018, our 3rd largest supplier of agricultural imports. Leading categories include: processed fruit & vegetables ($1.2 billion), fruit & vegetable juices ($393 million), snack foods ($222 million), spices ($167 million), and fresh vegetables ($160 million).

U.S. imports of services from China were an estimated $18.4 billion in 2018, 5.5% ($963 million) more than 2017, and 68.3% greater than 2008 levels. It was up roughly 414% from 2001 (pre-WTO accession). Leading services imports from China to the U.S. were in the transport, travel, and research and development sectors.

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Response to IronLionZion (Reply #6)

Thu Feb 27, 2020, 07:38 AM

12. Yet another reason I'm glad I avoid processed food & Chinese produce almost exclusively.


I don't buy Chinese garlic or pomelos (which I love) at the supermarket, or any other food from China if I can avoid it. California garlic is good but US pomelos haven't yet matched Asian pomelos in taste. Oh well, that's okay.

I do not trust Chinese agricultural practices or Chinese government regulation (or lack thereof).

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Response to LaurenOlimina (Original post)

Wed Feb 26, 2020, 09:01 PM

4. "Trump put Vice President Mike Pence in charge of coronavirus prevention."

thoughts and prayers

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Response to IronLionZion (Reply #4)

Wed Feb 26, 2020, 09:36 PM

9. Pray it away Mikey.

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Response to LaurenOlimina (Original post)

Wed Feb 26, 2020, 09:03 PM

5. Wall Street prepped for Trump talk before the close

expecting a rally. Once IMPOTUS tells us everything is ok, we open down again tomorrow because no one believes him.

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Response to bucolic_frolic (Reply #5)

Thu Feb 27, 2020, 01:58 AM

10. Once again, Trump was in his own distorted "reality"

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Response to LaurenOlimina (Original post)

Wed Feb 26, 2020, 09:22 PM

7. You Could See It Coming A Mile Away

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Response to LaurenOlimina (Original post)

Wed Feb 26, 2020, 09:28 PM

8. I could give a rats ass what wall street does, I never gamble at casinos. nt

Last edited Thu Feb 27, 2020, 10:13 AM - Edit history (1)

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Response to yaesu (Reply #8)

Thu Feb 27, 2020, 07:57 AM

13. Exactly! The ultra rich make money whether it goes up or down

Without the coattails of President Obama's economy, Donnie Shit for Brains would be at 20% tops.

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Response to yaesu (Reply #8)

Thu Feb 27, 2020, 09:59 AM

14. Thank You.

Fuck the market. Groveling before the Golden Bull is an affront to the huge swath of America simply trying not to fall into the financial abyss.

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