General Motors GM Chrysler 2/18/09 - February 18, 2009

General Motors ( GM ) and Chrysler are back asking for more Government assistance tonight. This comes as no surprise, but both companies need more money to survive the current economic crisis.

General Motors ( GM ) News Highlights - 2/18/09

- GM seeks up to 16.6 billion in additional aid
- General Motors may cut around 47,000 jobs in 2009
- Will report back in March 31st, 2009 and show how they will become profitable
- Will close 5 plants by 2012
- Selling ( or shutting down ) the Hummer Unit by March 31, 2009
- GM received 13.6 billion since December and they will need at least 9.9 more ( up to 16.6 ) Yikes!!

Chrysler News Highlights - 2/18/09

- Chrysler needs an additional 5 billion after already receiving 4 billion since December
- Auto Sales continue to decline

Each company has come up with several bankruptcy scenarios but would like to avoid them at all costs. Can we afford to let them go Bk? The unemployment rate could spike up to 13% or higher.

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General Motors GM Ford F Stock 2/17/09

Today, February 17, 2009, General Motors ( GM ) and Ford ( F ) stocks are both taking a nose dive along with the stock market. Futures are down significantly in pre market trading.

Why are GM, F stocks down along with the stock market? Fears that one of these automakers won't survive are back while gold prices are soaring. It has been reported that General Motors might need multi billion dollars just to survive the rest of the quarter. The fear in the market this morning comes from the statement - When will enough be enough? Can we afford to let one of these automakers go bankrupt? If one goes, some say, they all go down. GM and Chrysler are in for a tough ride but Ford seems to be holding up well.

General Motors ( GM ) & Ford ( F ) pre market stock quotes:

GM - $2.38
F - $1.66

Key News Highlights Today - 2/17/09 - Look for the automakers' plans to be released after 4pm today.

- Time is up for GM, Chrysler to file restructuring plans
- Would a G.M. Bankruptcy Save Taxpayer Money?
- GM may ask for bankruptcy protection or additional financial aid
- China’s Sichuan Auto Said to Be in Talks to Buy GM’s Hummer
- Ford-UAW talks progress; may be basis for GM, Chrysler pacts

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General Motors GM Ford F Bailout 12/19/08

General Motors ( GM ) and Ford ( F ) and Chrysler LLC have been bailed out today, 12/19/08, and both stocks are higher on the trading session. Below are some of the details of the auto bailout. Ford does not need the cash but they are still a huge part of this bail out program.

• 13.4 Billion Dollar Short Term Financing from TARP
• Must Reverse Debt by 2/3 through Debt to Equity Swap
• No Car Czar
• No New Dividends while Owing Government
• Government will be able to Block Large Transactions
• 4 Billion will come in Feb.
• New Presidential Administration can change Terms of the Deal

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President Bush to Speak 9am 12/19/08 GM F

President bush will make a statement about the Auto Bailout Plan at 9:00am 12/19/08. General Motors ( GM ) and Ford ( F ) are both moving up on this news as well as the stock market futures.

Hogan Bottom 12/12/08 - Art Hogan CNBC

Art Hogan came on CNBC 12/12/08 and gave some comments on his opinion on the stock market right now. Art Hogan is famous for the " Hogan Bottom " which he cam on CNBC October 10th and called the bottom. It has only been violated one day in which we closed above it. Click Here for previous Art Hogan comments.

When you look at what has happened today, there are two stories, the Madoff story and the auto bailout story. The best possible scenario would be to use the tarp funds...the timing is key, would like to see White House come out today and say they will be doing something. You don't want to put a band aid on this and leave it for the next administration.

I think you remain defensive in this market, buy health care, consumer staples like Clorox ( CLX ) that will help you ride out the next few quarters which are going to be ugly.

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Stock Market Futures 12/11/08 - Dow Jones

The Stock Market and Dow Jones are set to open slightly lower today, 12/11/08, but Futures are off their worst levels. The House passed the bail out package last night and now it heads for a possible Senate vote tomorrow. Proctor & Gamble ( PG ) came out this morning and slashed guidance. This morning we have Jobless Claims at 8:30am so watch this number closely. Jobless Claims are expected to rise, no surprise there.


Stock Market Futures - December 11, 2008

Dow Jones Futures - Down 34
Nasdaq Futures - Down 0.50
S&P 500 Futures - Down 2.8
Oil Futures - $45.67

Today's Biggest Gainers - December 11th, 2008

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Dow Jones Futures 12/10/08 - Stock Market

How will the Stock Market open today, 12/10/08? The Stock Market and Dow Jones Futures are pointed higher this morning as the Auto Bailout is getting closer to a done deal. The White House and Congress reach in agreement on principle on 15 billion dollar bailout for the big three automakers. A government car czar would be appointed by President Bush as well.

In other news, after yesterdays close, Electronic Arts ( ERTS ) warned on earnings, Rio Tinto ( RTP ) plans to cut 14,000 jobs.

From a technical standpoint, we are looking good for the Nasdaq and Dow Jones for the remainder of the year.

Stock Market Futures - December 10th, 2008

Dow Jones Futures - Up 142
Nasdaq Futures - Up 17
S&P 500 Futures - Up 13

Today's Biggest Gainers - Pre Market


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