OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[shibadekobe]

[RTRS] 20 APR - HERTZ RENTAL TO LAYOFF 10K EMPLOYEES

 

[turbospartan]

[RTRS] 20 APR - HERTZ RENTAL TO LAYOFF 10K EMPLOYEES

Damn quick google says they 38k employees - 25% cut is pretty big

But prob not expecting to rent a ton of cars in the near future, in line with flights / travel down

 

[HNL HI]

Damn quick google says they 38k employees - 25% cut is pretty big

But prob not expecting to rent a ton of cars in the near future, in line with flights / travel down

out here all these rental cars been sitting at the stadium parking lot for like a month now

 

[shibadekobe]

TRUMP: U.S. WILL PUT AS MUCH AS 75M BARRELS INTO RESERVES

*And if it overflows...new tech to lead it back into the Wells

 

[shibadekobe]

Neiman Marcus Prepares to File for Bankruptcy as Soon as Wednesday -- Sources
Neiman Near Bankruptcy Funding With Existing Lenders
Neiman Lenders Focused on Restructuring Debt, Keeping Most Stores Open
Neiman Also Exploring Asset Sales, Potential Outright Sale

 

[shibadekobe]

 

[ballinsam23]

Gotta ask ourselves what wont change. We'll still need oil when this is done, so those reserves will definitely be used up.

 

[turbospartan]

Was that some inception-level ****, to basically ensure that Trump wins again by "weakening" the Dems?

 

[xbiker47]

this oil stuff is wild

 

[shibadekobe]

 

[johnnyredstorm]

Literally me and my wife

 

[tay1]

It's back down to 34. Yo what happened here

 

[shibadekobe]

tay1 This you??

 

[tay1]

tay1 This you??

I didn’t buy or hold that stock. I got the pic from thecoli and was curious

 

[rrlegend]

Gotta ask ourselves what wont change. We'll still need oil when this is done, so those reserves will definitely be used up.

It’s a game . Prices will probably be 60 a barrel once things start moving . It’s easy to close in wells but it take time to start them back up .

 

[moderndarwin]

up 17% on IMAX

 

[Brownstone]

Can someone explain to me how a barrel of oil is worth negative?....

 

[shibadekobe]

This is moving Markets now

 

[southernhospita]

This is moving Markets now

IMO that’s a silly *** reason for the markets to be down

 

[shibadekobe]

U.S. HAS INFORMATION THAT N. KOREA'S KIM IS IN CRITICAL STATE: BLOOMBERG

 

[shibadekobe]

IMO that’s a silly *** reason for the markets to be down

No...if true...this is beyond serious. It may pull China, Russia and US into War.

Kim Jong Un's sister in next in line and NKorean Military will for sure stage a Coup...20 Million Nkoreans may flee to South Korea...etc

 

[tkthafm]

Severe bearish

 

[degenerate423]

Can someone explain to me how a barrel of oil is worth negative?....

Basically, it costs more to produce and store the oil than the oil is worth and there’s no demand. atlsfinest explained it better.

No, that's not how it works. When the price of crude oil goes negative, it means that The cost of production and housing of oil costs more than the value of the oil. Production and material costs are factored into the per barrel price of crude oil. Currently, the literal barrels of oil are stored in are worth more than the oil inside. Crazy stuff

 

[xbiker47]

crazy timing for that Kim stuff to happen right now

 

[johnnyredstorm]

Watch that 275.67 level in SPY today, if that breaks down and becomes resistance we start our trend lower, 268 (could bounce here), 248

looking at sbux for a put today under 74.50 and jpm would love a push to 91 that fails