Diamonds and Dogs
Is Warren Buffett buying Boeing (BA)? Boeing is leading the markets higher up 30% on the Congressional spending bill to provide support to Boeing, the airlines and other areas hit by the coronavirus. Boeing is also optimistically looking to restart production of their 737 Max in a month while yesterday they made the decision to suspend operations at their Puget Sound facility due to the coronavirus.Rumors are circulating that Warren Buffett is in buying Boeing. We will see.
Facebook (FB) and Google (GOOGL) are lower by 3% after Facebook lowered guidance due to weaker ad spending. In times like these ad spending is an easy budget cut for corporations to preserve cash.