EcoVert
Well-Known Member
The stock market is driving everything if your company doesn't make X amount of profit then your stock is junk and they put you out of business.
Sponsored
Sort of. You can also hit your numbers, and be hurt by market news and predictions. I have a lot of Cummins stock, as an ex-employee. They were hit during the announcement of the Tesla class 8 trucks, as wall st felt this was a competitor to Cummins projects. Silly, since Cummins has been working on hybrid and electric trucks for quite some time, and are further along in development of a marketable version.The stock market is driving everything if your company doesn't make X amount of profit then your stock is junk and they put you out of business.
But fearless leader said trade wars were good, and easy?Nope. It isn't just Ford. As long as the tariffs are in place, the outlook isn't good for any of us in the auto industry.
Yeah man. The economy is in such bad shape right now. Are you nuts?Let's not get too blatantly political. That usually leads to a big argument.
But yeah, our steel prices keep climbing, and our imports/exports are currently a mess. So much for that tax break giving us a boost...
I believe this is correct but Trump just threatened China by Monday. That's why the market slipped just before the bell.Correct me if I'm wrong, but there are no tariffs in place, as of now, right?
I'm sure they have to plan ahead, but..
The economy is made up of hundreds of industries. The auto industry is a massive one, but not directly related trends in the overall economy. Most US auto companies have basically been stable since the post recession boom in 2011, while the overall economy has been growing since 2010. The only reason we aren't laying off right now, is partially due to lean practices put into place during the recession and due to some tax breaks by the latest tax plan. But management is already prepping for a long trade war. We aren't backfilling when people leave, and they reduced bonus/raise averages for 2018/2019. So no, I am nuts. I actually rely on this industry to feed my family. I don't give 2 dookies about partisan politics.Yeah man. The economy is in such bad shape right now. Are you nuts?
Correct me if I'm wrong, but there are no tariffs in place, as of now, right?
I'm sure they have to plan ahead, but..
Tariffs on steel and aluminum started on June 1st. It wasn't just a threat. Retaliatory tariffs by Canada, EU, and China started shortly after (July). Companies like mine get double screwed through all of this. Not only do we have increased material costs now, thanks to the increased price of steel overall, we also get nailed by the tariffs when bringing in specific components needed to complete assembly of our parts. If you think is just hurting the bonuses of wealthy CEOs, you would be wrong. The price increases will be passed along to the consumer. Many auto manufacturers have already stated they would be increasing the prices of their vehicles to make up for all this. Ford, GM, BMW, Volvo, Toyota, etc... have all warned against these tariffs.I believe this is correct but Trump just threatened China by Monday. That's why the market slipped just before the bell.
He is don't you see jobs that are out there now. He has done more in his time in office than Obama did in 8 years.But but but Trump is making America great again!!!
As I warned the other guys, let's not start down this road.He is don't you see jobs that are out there now. He has done more in his time in office than Obama did in 8 years.