23 January 2019

1) The electric car manufacturer Tesla announced a 7% cut of their full-time staff. The company faces very difficult times ahead in selling affordable renewable energy products, in part because the ending of some tax credits.

2) China economic growth slows down to 6.6%, the lowest in 25 years, with a forecast of 6.3% for this year. China constitutes one third of the global growth.

3) The International Monetary Fund cuts world economic growth forecast because of the risk stemming from Brexit as well as China’s slowing growth.

4) 22 JAN 19 Stock market closings:

Dow                      24,404.48             down     301.87
Nasdaq                   7,020.36             down     136.87
S&P 500                  2,632.90             down       37.81

10 Year Yield:      down   at    2.73%

Oil:     up    at    $53.02

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