Friday, March 20, 2020 9:15:25 AM
Just read FedEx’s CEO Fredrick Smith said they have 200+ flights into China a day. 90% of China’s workforce is back to work, and so are 65% of their small businesses.
Today, China was the only one not to cut rates, implying that China’s economy is turning around faster than they thought. The US, Canada and others are trying to lower the curve much quicker than other countries did by implementing many innovative ideas early on.
FedEx’s CEO, Smith also believes it will be a V Shaped Recovery, as do others.
Overseas Markets were up overnight, and the US markets are poised to open higher. Hoping for a positive close this Friday too!
After all is said and done, I believe China will be more than happy to work on a US China Phase Two Trade Deal, if not to just shut everybody up and to protect their Global Image.
Smith
Please do not base your investment decisions off any message board posts.
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