The Corona Victims Worldwide - futures io
futures io futures trading



The Corona Victims Worldwide


Discussion in Traders Hideout

Updated
    1. trending_up 2,131 views
    2. thumb_up 2 thanks given
    3. group 1 followers
    1. forum 11 posts
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

The Corona Victims Worldwide

(login for full post details)
  #1 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,346 since Feb 2012
Thanks: 5,257 given, 11,151 received

This is a random collection
of heavy losses (money / workers / assets etc.) by large companies worldwide.
Please include date of news, source, content of the loss.

example:
"Air Canada lays off at least half of its 38,000 employees
Covid-19 hits the aviation industry hard. The airline Air Canada is planning to lay off up to 60 percent of its employees. Many of them had already been laid off at the end of March."
source spiegel.de, today

For discussions about Corona cases please use the official thread here:


GFIs1

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote

Journal Challenge February 2021 results (so far):
Competing for $1500 in prizes from Topstep
looks_oneSBtrader82 's Trading Journalby SBtrader82
(170 thanks from 31 posts)
looks_twoJust BEING a Trader: Letting Go!!by iqgod
(116 thanks from 33 posts)
looks_3Wisdom is Emptinessby Mtype
(68 thanks from 25 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(31 thanks from 17 posts)
looks_5Journal for peanuts1956by peanuts1956
(23 thanks from 13 posts)
 
 
(login for full post details)
  #2 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,346 since Feb 2012
Thanks: 5,257 given, 11,151 received

Germany retail chain

"The ailing department store chain Galeria Karstadt Kaufhof is facing a clear-out. 80 of the approximately 170 stores of the group are to be closed. According to insiders, this is what the draft of the restructuring plan says. In addition, up to ten percent of jobs in the remaining stores are to be cut. It is a gloomy scenario for the company's approximately 28,000 employees, many of whom will now lose their jobs."

From spiegel.de, today

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #3 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,753 since Jun 2009
Thanks: 32,299 given, 97,507 received


Don't you think this goes here:



That thread has been encompassing all of the financial related activity due to COVID and the effect on the economy.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #4 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,346 since Feb 2012
Thanks: 5,257 given, 11,151 received

Hi @Big Mike
Thanks - and yes - I was thinking about before opening the thread.
My intention is just to form a LIST of occurences that is some guideline for own trading.

Thus to have a journal of disaster around the globe.

Not intended to have the discussion in this thread but pointing to the Recession thread.
So it is neatly arranged.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #5 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,346 since Feb 2012
Thanks: 5,257 given, 11,151 received

(Reuters) today:
"Sales by US retailers slumped at a record pace in April due to the Corona crisis. They took 16.4% less than in the previous month, according to the Department of Commerce in Washington on Friday. There has not yet been a major decline since the statistics began in 1992. Economists surveyed by Reuters had only expected a minus of 12% after a sharp drop of 8.3% in March. Consumers spent less money on furniture, electronics and clothing in particular."

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #6 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,346 since Feb 2012
Thanks: 5,257 given, 11,151 received

J.C. Penney
One of the largest chains of stores in the USA collapses under its debt burden because of the Corona crisis: J.C. Penney has filed for bankruptcy. Nevertheless, millions in bonuses are still being paid to the heads of the corporation.
After years of decline, the Corona crisis has brought the traditional US department store chain J.C. Penney to its knees. The 118-year-old company filed for insolvency. Now the company wants to close down stores and search for a buyer. Around 85,000 people work for the company - making it the largest corona victim in US retailing to date.

From US source - today

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #7 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,346 since Feb 2012
Thanks: 5,257 given, 11,151 received

Flybe (GB) insolvency

Grounding: Corona virus breaks the neck of Europe's largest regional airline

The ailing British regional airline Flybe has ceased all flight operations with immediate effect. The airline was placed under state administration.

March 5th 2020 - UK news

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #8 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,346 since Feb 2012
Thanks: 5,257 given, 11,151 received

Australian Virgin Australia insolvency

The second largest Australian airline Virgin Australia has filed for bankruptcy as a result of the Corona crisis. According to an announcement, the company wants to reposition itself financially and emerge stronger from the Covid 19 crisis. Previously, the airline had not managed to get state aid amounting to 1.4 billion Australian dollars (815 million euros). According to Virgin, it is about 16,000 jobs. The company, which owns 130 aircraft, has billions in debt.

The airline is owned by Singapore Airlines, Etihad Airways and the Chinese companies HNA and Hanshan. The Virgin group of the British entrepreneur Richard Branson holds 10 percent.

April 21 - n-tv.de

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #9 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,346 since Feb 2012
Thanks: 5,257 given, 11,151 received

J. Crew

the mass-market clothing company whose preppy-with-a-twist products were worn by Michelle Obama and appeared at New York Fashion Week, filed for bankruptcy protection on Monday. It is the first major retailer to fall during the coronavirus pandemic, though other big industry names including Neiman Marcus and J.C. Penney are also struggling with the toll of mass shutdowns.
J. Crew was carrying a debt burden of $1.7 billion based on a leveraged buyout in 2011 by two private equity firms — TPG Capital and Leonard Green & Partners — even before the coronavirus brought clothing sales to a near-halt in its 181 stores, 140 Madewells and 170 outlets.

div. US newspapers May 3rd 2020

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #10 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,346 since Feb 2012
Thanks: 5,257 given, 11,151 received


Airlines

Ryanair
foresees 200 Mio minus in first quarter 2020. Next quarter will be worse.
Plans to take off again in June with first flights.

Emirates
According to Bloomberg the Airline Emirates plans to scratch 30,000 jobs.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #11 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,346 since Feb 2012
Thanks: 5,257 given, 11,151 received

Another 2.4 million Americans file for unemployment benefits
In total, 38.6 million people have filed first-time jobless claims since mid-March as the coronavirus pandemic forces businesses to lay off workers.

source CNN today

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #12 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,346 since Feb 2012
Thanks: 5,257 given, 11,151 received

Companies

Car hiring "Hertz US" filed after 100 years in business for bancruptcy (chapter 11). Other Hertz affiliates in other countries are not affected.

RyanAir fired 3000 people

British Airways fired 12000 people

RyanAir daughter "Laudamotion" known under Lauda Air went out of business

Lufthansa having 760 airplanes had in May just 60 planes at work - the rest is still grounded.

Car maker VW halted projects to reopen car production plans in South America.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote


futures io Trading Community Traders Hideout > The Corona Victims Worldwide


Last Updated on May 24, 2020


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1500 prizes from Topstep!

February
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Call Option Buying: The New Pain Trade? w/Carley Garner

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts