News
Chinese Market Stocks Plunging Due to Coronavirus
Fears of coronavirus have affected the Dow Jones and S&P on Friday morning as the stocks have fallen down.
Amazon stocks went up earlier to a record high and a return to the club.
Western Digital, Vertex Pharmaceuticals, and Edwards Lifesciences also looking similar but not as bright as the one of Amazon stock.
IBM stocks rose. Also, it could be because of the stepping down of its Chief Executive Ginni Rometty.
On Thursday night, Visa missed on some sales and was cautious.
Its stock went down by 2.7% early Friday, whereas Caterpillar was topping its fourth-quarter earnings and revenue. Exxon Mobil fell short on earnings while Chevron got high on earnings but missed on sales.
These three major giants fell before opening. This was likely because of the coronavirus concerns, which affected crude oil and other industrial commodities.
On Thursday, the World Health Organization (WHO) has already declared a global public health emergency from coronavirus outbreak. On the other hand, trading and traveling due to the virus is still not limited.
The US, however, is discouraging people from traveling to China, whereas a lot of airlines have already canceled or cut short their flight to and from individual Chinese provinces.
From 1,982 cases, it rose to 9,692 on January 30 and has reached a death toll of 213 in China. Several dozen cases were confirmed out of mainland China. US confirmed the 6th case while the UK confirmed 2 of the same family while Russia has already one example.
Starbucks has closed thousands of its branches in China, and a lot of companies have extended the Lunar New Year celebration to prevent the spread of coronavirus. This is immense distress to companies that has some supply chains or production in China.
Amazon, on the other hand, rose from 6.47 to 7, with an increase of 21% to the $87.4 billion revenue. Some analysist was expecting that its earnings will go down to $4.05 and an income of $85.97 billion. Furthermore, its Amazon Web Services grew 34% to $9.95, also record-breaking.
The one-day shopping seems to be generating more than expected. It attracted more subscribers and customers. This, in hand, attracted more 3rdparty sellers to join in the club.
Amazon’s rival, Target, seemed to be getting the opposite. Its store sales underwhelmed the analysist as 2018 was better performing than 2019, providing that Target has been known to be the better retail performer last year. Again, the one-day shipping of Amazon beat a whole lot from the rival companies.
Another international Amazon is doing quite well too. Amazon japan raised its consumption tax from 8% to 10%, whereas India also did well during its 3rd and 4th quarters.
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NEW K.ID, the No.1 TV channel for all K-Pop entertainment and source (https://cutt.ly/NEWKID), announced its weekly chart for the 3rd week of August.
BLACKPINK retains its #1 spot in the NEW K.ID’s weekly chart for three consecutive weeks as they tie with WINNER’s previous record. BLACKPINK has announced a new single dropping on August 28th which will be a collaboration with American pop star, Selena Gomez. Selena Gomez also recently teased her collaboration with BLACKPINK on her Instagram post captioned, “SELPINK pulling up soon. 8/28”.
Following their release of the single, BLACKPINK will be releasing their first debut album on October 2nd.
PENTAGON, SHINee, GWSN, and N.Flying all retained their spots in TOP5. The 6th place, WINNER, celebrated their 6th year debut anniversary. MINO posted a photo of WINNER on his Instagram, celebrating the time and unforgettable memories that they have spent together for the last 6 years.
Ranked at #9, SF9’s Rowoon has been named as ‘The North Face white label’s F/W’ model and its brand ambassador. With a height over 6’3’’, Rowoon not only has a youthful personality but also has various talents as he can both sing and act in various entertainment fields. The North Face saw that Rowoon’s versatility perfectly matched its brand image and decided to partner with Rowoon.
Coming in at #10, DAY6’s sub-unit, Even of Day, is releasing a new album, ‘The Book of Us: Gluon – Nothing can tear us apart’ on August 31st. All 7 songs in the album are written and produced by the Even of Day members. Young K is expected to play guitar in place of Sungjin and Jae. JYP’s representative commented, “Young K showed his expertise on the bass guitar and will continue to play more instruments.” It was also mentioned that Wonpil’s synthesizer and Dowoon’s electronic drum will be key in this album.
Additionally, in last week’s ‘2020 SORIBADA BEST K-MUSIC AWARDS’, GWSN and LOONA won New Wave New Artist Awards while GFRIEND took the main prize (bonsang) home.
NEW K.ID, the only TV channel that allows viewers to enjoy K-POP Idol-related content programming 24/7 and exclusive episodes curated from 10K+ videos, is available at CH 511 for free on LG Smart TVs and XUMO apps on all Internet-connected devices.
Breaking News
Death after unmasked arrest – Mexico Floyd
The official reason for the arrest revealed by the police is not known, but the video footage posted on social media at the time of the arrest suggests that the reason is “not wearing a mask.”
Amid a stir across the U.S. over the “George Floyd” incident that killed white police abuses, similar cases of abuse of public power have been revealed in Mexico, sparking public outrage.
The daily El Universal has been protesting against the incident since it was belatedly revealed that construction worker Giovanni Lopez died the next day after being arrested by police in Guadalajara, western Mexico, on April 4.
The official reason for the arrest revealed by the police is not known, but the video footage posted on social media at the time of the arrest suggests that the reason is “not wearing a mask.”
Death of George Floyd
On May 25, 2020, George Floyd, a 46-year-old black man, died in Minneapolis, Minnesota, after Derek Chauvin, a white police officer, knelt on Floyd’s neck for almost nine minutes while Floyd was handcuffed face down in the street