10 October 2018

1) China’s currency has loss 10% of its value against the US dollar, a result of China’s economic problems.

2) American soy bean farmers are facing sever losses as a result of the trade war with China.

3) The stock of Ford Motor Co. has dropped below $9 per share, the first time this has happened in more than six years.  This down turn is a result of Ford’s piecemeal cost cutting program as part of it restructuring.  Additionally, Ford’s 70,000 employees are facing some unknown amount of layoffs.

4) 9 OCT 18    Stock   market   closings:

Dow                                26,430.57       down      56.21
Nasdaq                             7,738.02             up        2.07
S&P 500                            2,880.34        down        4.09

10 Year Yield:     down   at    3.21%

Oil:     $74.69    up    from    $74.20

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