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Msg  67079 of 68664  at  3/31/2020 1:57:22 PM  by

carswell


Coffee/Summaries

BEFORE THE OPEN
Source: Thomson Reuters

  • Futures for Canada’s main stock index edged higher, as oil prices rose after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks aimed at stabilising energy markets
  • U.S. stocks futures see-sawed, after stocks rallied more than 2% in previous trading session
  • European stock markets gained, with investors measuring the impact of massive official stimulus efforts
  • Japan’s Nikkei fell on growing fears that Tokyo could go into its first-ever lockdown
  • Gold prices dropped as the U.S. dollar strengthened
  • Canada’s GDP data for January and producer prices figures for February are expected later in the day
STOCKS IN THE NEWS
Source: Thomson Reuters

Air Canada (AC)
  • Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand warning it expected staffing levels to be 30% lower than it is now, due to the coronavirus pandemic
  • Air Canada will cut second-quarter capacity by 85%-90%, place about 15,200 unionized employees off duty and furlough about 1,300 managers, beginning on or about April 3
Amazon Inc (AMZN):
  • Warehouse, delivery and retail gig workers in the United States went on strike on Monday to call attention to safety and wage concerns for people laboring through the coronavirus crisis
  • Among the strikers were some of the roughly 200,000 workers at U.S. online grocery delivery company Instacart, according to strike organizer Gig Workers Collective, founded earlier this year by Instacart worker Vanessa Bain

Ford Motor Co (F) & General Electric Co (GE):
  • Ford said on Monday it will produce 50,000 ventilators over the next 100 days at a plant in Michigan in cooperation with General Electric's healthcare unit, and can then build 30,000 per month as needed to treat patients afflicted with the coronavirus
  • Ford said the simplified ventilator design, which is licensed by GE Healthcare from Florida-based Airon Corp and has been cleared by the Food and Drug Administration, can meet the needs of most COVID-19 patients and relies on air pressure without the need for electricity
Visa Inc (V):
  • The company said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter
  • "As countries have imposed social distancing, shelter-in-place or total lock-down orders, domestic spending, most notably in travel, restaurants, entertainment and fuel, has sharply declined week on week," the company said in a statement
THINGS TO KNOW
Source: Bloomberg Finance L.P.
  • Although COVID-19 cases in the United States are getting worse, the rise in cases in New York are slowing down
  • The 10-year Treasury yield curve was at 0.692%
HEXO Corp.* (HEXO: $1.10)
Inter Pipeline Ltd.* (IPL: $7.84)
Osisko Gold Royalties Ltd* (OR: $10.45)
Parkland Fuel Corporation* (PKI: $25.05)
SilverCrest Metals, Inc.* (SIL: $7.25)
TMAC Resources, Inc.* (TMR: $0.45)

Digital Turbine, Inc.* (APPS: $4.18)
Edwards Lifesciences Corporation* (EW: $196.06)
Repay Holdings Corp. Class A* (RPAY: $14.94)


INDUSTRY UPDATE
Oil

MORNING INK REPORT
Power buying

MACRO - EVENT SCHEDULE
Source: Bloomberg Finance L.P.
N/A

MOST READ NEWS
Source: Bloomberg Finance L.P.
N/A
“Believe you can and you're halfway there."

- Theodore Roosevelt

ASSET CLASS PERFORMANCE
Source: FactSet
*All numbers presented on the table below is based on total return


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