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Brent crude oil once fell about 15% to $ 16.37 a barrel during midday in Asia on Wednesday (22), the lowest since November 2001. However, on Wednesday (22) in the early hours In trading US stocks, both the WTI futures price and the Brent crude oil futures price showed a downward and upward trend, and WTI futures prices in June even recovered more than 30%
Driven by rising oil prices, along with the $ 484 billion bailout bill passed by the Senate on Tuesday (21), it boosted investor confidence. On Wednesday (22), US stocks opened to end consecutive days of decline. The Jones Index was up over 400 points, while TSMC’s ADR was up 2.34%.
New outbreak of coronary pneumonia
According to Johns Hopkins University data, the cumulative number of confirmed cases in the United States has exceeded 820,000. United States President Trump said on Tuesday (21) that, in response to the rising unemployment rate caused by the new coronary pneumonia (COVID-19), he will suspend the acceptance of immigrants within the next 60 days to ensure that Unemployed Americans Have More Jobs Opportunity
Also, the US Senate. USA He passed the $ 484 billion bailout bill on Tuesday (21) and now sent it to the House of Representatives for vote, which is expected to pass this Thursday. The bill will be used to rescue small businesses, provide hospital subsidies, and expand evidence.
Starting Wednesday, Taipei (22) at 22 o’clock:
- The Dow Jones Index rose 418.22 points or 1.82%, and temporarily reported 23437.10 points
- Nasdaq rose 155.58 points or 1.88%, temporarily reported 8418.81 points
- S&P 500 rose 47.03 points or 1.72%, temporarily reported 2,783.95 points
- The rate has increased by 47.26 points or 2.97%, with a temporary report of 1635.96 points.
- TSMC ADR rose 2.34% to $ 52.58 per share
- The performance of the US Treasury. USA At 10 years it increased to 0.602%
- New York light crude rose 20.40% to $ 13.93 a barrel
- Brent crude rose 7.92% to $ 20.86 per barrel
- Gold rose 2.36% to $ 1,727.60 per ounce
- The US dollar index fell 0.21% to 100,165 points
Focus actions:
Delta Air Lines (DAL-US)
Delta Air Lines rose 3.43% in early operations to $ 23.86.
Delta Air Lines announced its earnings for the first quarter of fiscal year 2020 on Wednesday (22). Due to the pneumonia epidemic that plagued the aviation industry, Delta’s pre-tax net loss in the first quarter reached $ 607 million. Additionally, first-quarter revenue fell 18% to $ 8.6 billion, Delta CEO Ed Bastian said the second-quarter revenue decline may reach 90%.
Delta’s earnings per share in the first quarter are -0.51 US dollars, better than Wall Street analysts estimated -0.70 US dollars. The epidemic caused the company to consume up to $ 100 million in daily cash, so Delta continued to increase its cash on account through measures such as cost reductions, capital expenditures, and loan installments.
AT&T (T-US)
AT&T increased 3.18% in the first operations to reach US $ 30.78. A
AT&T announced the first quarter of fiscal year 2020 earnings before the U.S. stock market on Wednesday (22). Due to the epidemic, the company’s advertising revenue and wireless equipment sales declined. The estimated value of the division is $ 44.2 billion, and earnings per share is $ 0.84. Additionally, the number of new phone subscribers in the first quarter reached 163,000, which was higher than the estimated 90,700 by analysts.
AT&T said the epidemic caused the company’s EBITDA to decrease by $ 435 million. Although there is still uncertainty about this year’s outlook, the company’s free cash flow in the account is still sufficient and it will be able to pay dividends and pay the necessary funds for the loans.
NETFLIX (NFLX-US)
NETFLIX fell 2.77% in the first trades to 422.00 USD.
NETFLIX announced financial results for the first quarter of fiscal year 2020 after the close of business on Tuesday (21). The number of new subscribers has increased significantly, and is much better than market estimates. The company estimates that the global number of paid subscribers will increase by 7.5 million net in the second quarter, but because measures against the epidemic are expected to be gradually lifted in the third quarter of the world, it may cause a decrease in the net increase in the number of subscribers in the third quarter. .
Q1 Key data from the financial report
- EPS: USD 1.57 vs. USD 1.65 (consensus expectation of the Refinitiv survey)
- Revenue: US $ 5.77 billion versus US $ 5.76 billion (consensus expectation from the Refinitiv survey)
- Net increase in global paid subscribers: 15.77 million compared to 8.2 million (street account)
Key economic data for today:
Wall Street Analysis:
Jim Paulsen, strategist at Leuthold Group, said this week’s market trends allow investors to understand that, even if the pneumonia epidemic may improve in the short term, the subsequent impact on the economy is quite large. The contraction in demand is expected to continue for several months, and excess oil supplies have also caused oil prices to fall to negative numbers.
Mark Newton, the founder of Newton Advisors, said US stocks have shown an upward trend since March 23, but are expected to face a decline in the coming days. The downward trend is quite similar to the situation in mid-January and mid-February, and US stocks have also entered a downward trend since then.
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