(Bloomberg) -- Tesla Inc. engineers showed footage of a prototype ventilator the company is trying to make with auto parts amid a shortage of the machines for coronavirus patients.According to the video on Tesla’s YouTube channel, the design includes a touch screen, computer and control system from a Model 3 electric car. Tesla is taking advantage of components that are familiar, reliable and available, an engineer says in the video.Click here to see the videoNew York Governor Andrew Cuomo, among those urgently trying to source more ventilators, said Sunday that supply-chain disruption is the biggest hurdle for every manufacturer, including Tesla.“Their timeframe frankly doesn’t work for our immediate apex,“ he said at a press conference. “Nobody can make you a ventilator right now in two weeks. You can’t make ventilators that fast because there are parts that have to come from other countries.”For more articles like this, please visit us at...
Apr.05 -- Japanese Prime Minister Shinzo Abe is set to declare a state of emergency within days, after coronavirus cases in Tokyo jumped over the weekend to top 1,000 for the first time and raised worries of a more explosive surge, media reports said. Meanwhile, the government will release an economic stimulus package in response to the pandemic in two phases, according to a government document obtained by Bloomberg. Stephen Engle reports on "Bloomberg Markets."...
The $350 billion loan program, which launched on Friday, will provide low-interest loans to help small businesses cover payroll and other fixed costs such as rent, mortgages and utilities over the next eight weeks. "While we are actively working to create balance sheet capacity to lend, we are limited in our ongoing ability to use our strong capital and liquidity position to extend additional credit," Chief Executive Charlie Scharf said in a statement. The Federal Reserve in early 2018 ordered Wells Fargo to keep its assets below $1.95 trillion, until it had improved its governance and risk controls following a wave of sales practice scandals....
Between April 9 and May 6, American will operate a total of 13 daily flights from New York's JFK and LaGuardia airports and New Jersey's Newark, it said, down from an average of 271 daily flights across all three airports in April 2019. David Seymour, American's senior vice president of Operations, told employees that demand for flights to the New York area "is rapidly evaporating" following an increase in COVID-19 cases and a recent advisory from the Centers for Disease Control and Prevention warning against all non-essential travel to and from New York, Connecticut and New Jersey....
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]...
Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […]...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]...
