Chrysler

Futures Jump, Global Stocks Rebound From Longest Losing Streak Of The Year

After five consecutive daily losses on the MSCI world stock index and seven straight falls in Europe, there was finally a bounce, as investors returned to global equity markets in an optimistic mood on Thursday, sending US futures higher after several days of losses as global stocks rebounded following a Chinese commodity-driven rout. 

Tesla Reportedly Preparing To Open Factory In Shanghai

As Tesla falls further and further behind in its quest to produce 10,000 Model 3 sedans a week by the end of next year, WSJ reported Sunday that, after months of talks with local government officials, Tesla has finally received permission to open a factory in Shanghai, one of China’s designated “free trade zones.”

Hurricane Harvey Surge-Nado: Auto SAAR Soars To 30-Year High On Hurricane Replacements

Last month, when we reported auto sales data, we noted that this month would be all about replacement demand from Hurricane Harvey and thus largely irrelavant.  Fast forward 30 days and that appears to be exactly what has happened as annualized auto sales for the month of September suddenly surged to a 30-year high of 18.5mm units

Frontrunning: August 23

  • Trump Tries to Recharge His Base in Arizona Rally (WSJ)
  • Trump Threatens Government Shutdown Over Border Wall Funding (BBG)
  • Trump defends response to Charlottesville violence (Reuters)
  • Trump Assails Media in Angry Defense of Charlottesville Response (BBG)
  • North Korea presses rocket program, but amid signs of drama easing (Reuters)

Frontrunning: August 22

  • Trump commits to a 'fight to win' in Afghan war (Reuters)
  • Stay or Go? Some Trump Aides Are Pressed From All Sides (WSJ)
  • Futures higher as traders pick up beaten-down stocks (Reuters)
  • Divers Search Compartments of Ship for Missing Sailors (WSJ)
  • Why Do U.S. Navy Ships Keep Colliding? (BBG)

Fiat Chrysler Shares Soar After China's Great Wall Confirms Interest

"With respect to this case, we currently have an intention to acquire. We are interested in (FCA).  Our strategic goal is to become the world's largest SUV maker.  Acquiring Jeep, a global SUV brand, would enable us to achieve our goal sooner and better (than on our own)."

 

Frontrunning: August 21

  • Trump to present vision for U.S. strategy in Afghanistan war (Reuters)
  • Trump Struggles to Move Past Bannon, Starting With Afghanistan (BBG)
  • Final Plans Under Way as Solar Eclipse Nears (WSJ)
  • Yellen, Draghi Head to Jackson Hole Amid Inflation Unease (BBG)
  • Cohn Solidifies Lead in Race to Replace Yellen, Economists Say (BBG)