What Apple, Walmart and other U.S. companies are saying about the coronavirus

[libertybele]

There should be little doubt that the coronavirus will impact the markets and the global economy.  How can it not?  I still can't help but wonder if this bio engineered virus has been released to impact and prevent Trump's re-election?  regardless of cause; voters will see our economy failing because of Trump, especially when the DEMS repeatedly report that he is the cause.  After all, Bloomberg is spending billion of dollars to run continual ads bombarding Trump in all major markets.

What Apple, Walmart and other U.S. companies are saying about the coronavirus

COVID-19, the new coronavirus that was first identified late last year in Wuhan, China, is becoming a dominant theme in the earnings releases and conference calls of S&P 500 companies as investors press for answers on how it will impact their financials.

A FactSet search of the 364 earnings call that were held in the period stretching from Jan. 1 through Feb. 13 found 38% used the term “coronavirus” at least once. By sector, industrial, IT and health care companies accounted for the highest number of companies discussing the topic, according to FactSet.

While many were asked to quantify the negative impact on their businesses, 34% said it was too early to say and did not include the virus in their financial guidance. As a result, “it is possible that there will be an increase in the number of companies issuing negative guidance later in the first quarter as these companies gain clarity on the impact,” FactSet Senior Earnings Analyst John Butters wrote in written commentary........

• Apple Inc. AAPL, -2.66%  is not expecting to meet second-quarter financial guidance because production has slowed or been halted in China due to the COVID-19 outbreak. “.......

• Boston Scientific Corp. BSX, -1.10%, which has a $600 million business in China, is expecting a “negative first-half impact” on expectations that Chinese patients will push back elective medical procedures during the outbreak. ........

• The Coca-Cola Co. KO, -0.66%  CEO James Quincey said the outbreak of severe acute respiratory syndrome (SARS) in 2003 and 2004 was less of a concern than this coronavirus. The Chinese market makes up 10% of Coca-Cola’s global volume. “............

..... Nike Inc. NKE, -1.82% said that it has closed about half of its stores in China, while the remaining stores are reporting lower than expected retail traffic. The athletic apparel maker plans to provide an update about the impact of the virus on its third-quarter earnings call.............

https://www.marketwatch.com/story/what-apple-walmart-and-other-us-companies-are-saying-about-the-coronavirus-2020-02-18?mod=home-page

[libertybele]

Logically if you are invested in the market, it may be appropriate to take some profit ... then there's a thing called taxes.

Same say that the outlook for the U.S. market is expected to hold steady and rebound; however there are growing concerns of a recession.

No one has a crystal ball and no one knows at this point how out of control this virus will become. 

MORGAN STANLEY: Here are 5 reasons why US stocks will shrug off coronavirus and jump 5% by June

Here are the five reasons why the S&P 500's correction was so modest, and how the index could surge more than 5% by June, according to Morgan Stanley.

Slowing contagion
Global discount
Central bank intervention
Fading election worries
b]Unlikely safe haven[/b]

https://markets.businessinsider.com/news/stocks/stock-market-outlook-investors-ignore-coronavirus-rebound-reasons-morgan-stanley-2020-2-1028890246

[XenaLee]

Seems to me.... this virus outbreak perfectly illustrates 'why' it's not a good idea to sink your eggs in any Chinese basket.   Bring those jobs and that market home to the USA.   To the country that gave you the start to prosper in business in the first place.  It ain't rocket science.  Or shouldn't be.   

American investors should pull any investments in companies that do a large portion of business in China, IMO.   If they choose not to, that's their problem when they lose $$$ over crap like this.  It is, after all, a communist country. 

I still can't help but wonder if this bio engineered virus has been released to impact and prevent Trump's re-election?

As for the virus being intended to hurt Trump's economy, I doubt that China wanted to tank their own economy just to harm Trump's re-election chances.   The Democrats, however, would do that without a 2nd thought.

[libertybele]

Seems to me.... this virus outbreak perfectly illustrates 'why' it's not a good idea to sink your eggs in any Chinese basket.  Bring those jobs and that market home to the USA.   To the country that gave you the start to prosper in business in the first place.  It ain't rocket science.  Or shouldn't be.   

American investors should pull any investments in companies that do a large portion of business in China, IMO.   If they choose not to, that's their problem when they lose $$$ over crap like this.  It is, after all, a communist country. 

As for the virus being intended to hurt Trump's economy, I doubt that China wanted to tank their own economy just to harm Trump's re-election chances.   The Democrats, however, would do that without a 2nd thought.

That is my thought and hope as well -- this may bring some manufacturing jobs back to the U.S.  However, the impact of the downturn of the Chinese economy, which is the 2nd largest in the world will have a negative effect.  There aren't any companies that won't be affected -- the Chinese economy is too large. 

As for the Chinese, from my understanding they've been propping up their economy for a long time, i.e, they've built thousands of condos and retail spaces without inhabitants.  This could be a way to save face while retaliating against Trump for tariffs.?

[Gefn]

It’s sure affecting the stock market today. Stocks are down.

[XenaLee]

That is my thought and hope as well -- this may bring some manufacturing jobs back to the U.S.  However, the impact of the downturn of the Chinese economy, which is the 2nd largest in the world will have a negative effect.  There aren't any companies that won't be affected -- the Chinese economy is too large. 

As for the Chinese, from my understanding they've been propping up their economy for a long time, i.e, they've built thousands of condos and retail spaces without inhabitants.  This could be a way to save face while retaliating against Trump for tariffs.?

Considering all of the evil deeds China has been active in over the past decades.... and even though their economy fails will impact ours somewhat.... I consider this a bit of Karma.   I feel bad for the people in China that do not support the communist regime, but are stuck and trapped in it nonetheless.   There are victims of government there just as there has been here in the US.

[truth_seeker]

It’s sure affecting the stock market today. Stocks are down.

Up for the year to date,however 

IMO Trump shuld contact the top dude for China and ask him if he has all the resources he needs, to get thisthing handled, and to offer our experts' help, ad to call on bth WHO and UN to, givee it theier highest priorities.

 When the US and when China get colds, everyboxdy else can get sick.

I'm located in a big triangle. Of America's biggest import Harbor (Long-Beach Los Angeles combined)  Mthews Air Force Base-Riverside, Miramar Naval Air Station San Diego..

Get it handled.

[libertybele]

Up for the year to date,however 

IMO Trump shuld contact the top dude for China and ask him if he has all the resources he needs, to get thisthing handled, and to offer our experts' help, ad to call on bth WHO and UN to, givee it theier highest priorities.

 When the US and when China get colds, everyboxdy else can get sick.

I'm located in a big triangle. Of America's biggest import Harbor (Long-Beach Los Angeles combined)  Mthews Air Force Base-Riverside, Miramar Naval Air Station San Diego..

Get it handled.

Trump has offered his assistance. The assistance has been rejected.  Perhaps they don't want the U.S. finding out what the Chinese gov't is covering up.

https://www.scmp.com/news/world/united-states-canada/article/3048631/coronavirus-china-has-not-yet-accepted-us-help

[Smokin Joe]

That is my thought and hope as well -- this may bring some manufacturing jobs back to the U.S.  However, the impact of the downturn of the Chinese economy, which is the 2nd largest in the world will have a negative effect.  There aren't any companies that won't be affected -- the Chinese economy is too large. 

As for the Chinese, from my understanding they've been propping up their economy for a long time, i.e, they've built thousands of condos and retail spaces without inhabitants.  This could be a way to save face while retaliating against Trump for tariffs.?

You still have to get past all the "planet savers" and people who are going to stop a natural process that originated with the planet (and their wannabe totalitarian overlords)

[libertybele]

Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market

...........“The [coronavirus spread] definitely injects an element of uncertainty into markets for the near term and for the longer term as well,” said Yung-Yu Ma, chief investment strategist at BMO Wealth Management.

Analysts at BofA Global Research said the probabilities of a recession have increased and that is reflected in the action in long-bonds like the 10-year Treasury note and the 30-year Treasury bond, which plunged Friday to its lowest rate on record. Investors will flee to the presumed safety of U.S. government bonds, driving yields lower, with the hope of avoiding losses that can derail riskier assets in a selloff.

The 30-year bond yield TMUBMUSD30Y, +0.00% fell 5.2 basis points on Friday to 1.92%, based on Tradeweb data, to an all-time low of 1.89%. The 10-year note yield TMUBMUSD10Y, +0.00% also tumbled below the key level of 1.50%, last trading at 1.475%. Bond yields move in the opposite direction of prices.

BofA said a move for the 10-year below 1.4% could represent a tipping point for the market, one that raises the probability for a recession, particularly if the Federal Reserve continues to hold benchmark rates at the current 1.50-1.75% range. ............

https://www.marketwatch.com/story/why-the-coronavirus-outbreak-is-delivering-a-fresh-dose-of-recession-fear-to-the-stock-market-2020-02-22?mod=home-page

[truth_seeker]

Trump has offered his assistance. The assistance has been rejected.  Perhaps they don't want the U.S. finding out what the Chinese gov't is covering up.

I read a summary, and So. Korea, Iran, Italy, Israel and Lebanon were mentioned with new cases.

Now is the time for the payoff on the funds we have provided for decades to the UN, the WHO etc.

And for the US's CDC to perform Public Health at the highest level possible.

[libertybele]

I read a summary, and So. Korea, Iran, Italy, Israel and Lebanon were mentioned with new cases.

Now is the time for the payoff on the funds we have provided for decades to the UN, the WHO etc.

And for the US's CDC to perform Public Health at the highest level possible.

Unfortunately the CDC is downplaying this virus.  The WHO is no better in fact both seem to be helping China to lie about the numbers.