|Bid||9.07 x 36200|
|Ask||9.08 x 38800|
|Day's range||9.02 - 9.14|
|52-week range||7.41 - 10.56|
|Beta (3Y monthly)||0.95|
|PE ratio (TTM)||16.81|
|Earnings date||23 Oct. 2019|
|Forward dividend & yield||0.60 (6.70%)|
|1y target est||10.73|
Last month, four automakers, including Ford, made a voluntary deal with California to make cars cleaner and more fuel efficient. Trump isn't happy with the deal.
(Bloomberg) -- President Donald Trump lashed out at automobile manufacturers who’ve pushed back on his administration’s plan to weaken fuel-efficiency requirements, dismissing them as “politically correct.”“My proposal to the politically correct Automobile Companies would lower the average price of a car to consumers by more than $3000, while at the same time making the cars substantially safer,” Trump said in a tweet on Wednesday. “Engines would run smoother. Very little impact on the environment! Foolish executives!”The tweet was apparently prompted by a compromise that Ford Motor Co., Honda Motor Co., BMW AG and Volkswagen AG have reached with California’s clean-air regulator to bolster the fuel efficiency of autos sold in the U.S. through 2026, defying the Trump administration’s plan. Gavin Newsom, California’s Democratic governor, has called on other automakers to join the pact though none have thus far.August 21, 2019 That deal represents the most clear-cut example of auto industry unease with the Trump administration’s August 2018 proposal to dramatically ease fuel economy and vehicle greenhouse gas emissions standards drafted by the Obama administration, which sought to boost average fuel efficiency to roughly 50 miles per gallon by 2025.The Trump administration instead recommended capping mileage requirements at a 37-mile-per-gallon fleet average after 2020, and revoking California’s authority to regulate tailpipe greenhouse gas emissions, which it’s done in coordination with Washington for several years.Trump regulators have argued that capping fuel economy standards at 2020 levels would lead to less-expensive new cars than under the current rules, allowing consumers to replace their older vehicles with newer, safer ones more rapidly and avoid thousands of traffic fatalities.Experts and EPA career staff have disputed those assertions.Automakers for months have urged the Trump administration to moderate that plan, fearing a lengthy legal battle over California’s regulatory powers would throw the critical standards into uncertainty for years. Those efforts have had little sway so far on the White House, which rejected a plea by 17 carmakers last month to work out a compromise with California.The companies also want to avoid a split market -- with federal mileage requirements in most states and more stringent rules in more than a dozen states that adhere to California’s standards. The states that follow California standards account for more than a third of all U.S. auto sales.“The Legendary Henry Ford and Alfred P. Sloan, the Founders of Ford Motor Company and General Motors, are “rolling over” at the weakness of current car company executives willing to spend more money on a car that is not as safe or good, and cost $3,000 more to consumers,” Trump said later Wednesday in another tweet. “Crazy!”Ford, in a statement Wednesday evening, said the company was “proud to lead the way in taking the right actions for the environment while at the same time protecting consumer affordability and the short- and long-term health of the industry.”(Updates with Ford statement in final paragraph.)\--With assistance from Keith Naughton.To contact the reporter on this story: Ryan Beene in Washington at email@example.comTo contact the editors responsible for this story: Jon Morgan at firstname.lastname@example.org, Joshua Gallu, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Federal prosecutors in Seattle have pieced together a string of disturbing social-media posts and police complaints to portray the accused Capital One Financial Corp. hacker as an unhinged danger to society who should remain locked up while awaiting trial.It’s a characterization disputed by Paige A. Thompson’s lawyers, who asked a judge on Tuesday to cancel a bail hearing set for later this week and immediately release her to a halfway house, with GPS monitoring.Thompson, 33, was arrested last month and charged with stealing personal data on more than 100 million people from Capital One. She has a long history of dangerous behavior that includes threats to kill others and to commit “suicide by cop,” prosecutors said in their request last week to keep her in jail.“In today’s America, it is easy enough to obtain firearms, and there is every reason to be concerned that Thompson, who repeatedly has threatened to kill, would obtain the means to carry out, and carry out, her threats -- particularly when confronted with the alternative of near-certain conviction and imprisonment,” the prosecutors said.The U.S. bolstered its case with a claim that Thompson broke into servers of more than 30 other companies, educational institutions and other entities, and that investigators are still sifting through “multiple terabytes” of data to see what kind of information was stolen. The government said it expects to add an additional charge as victims are identified and notified.The Capital One theft “was only one part of her criminal conduct,” the U.S. said.Thompson’s federal public defender, Mohammad Ali Hamoudi, said the government hadn’t provided any evidence that Thompson has tried to dodge police or avoid court appearances after those earlier run-ins.“Rather than establish that these incidents prove Ms. Thompson is a serious risk of flight, the government has established that she cooperates with law enforcement, does not flee, and has no means to leave the jurisdiction,“ Hamoudi said in the filing.Hamoudi argued Thompson is suffering greater harm in custody because she is transgender, and that she’d be better off in a halfway house with appropriate clinical care than confined to a jail where suicides are known to occur. He cited the recent suicide of sex-trafficker Jeffrey Epstein as one example.Capital One’s lawyers didn’t weigh in on the matter and its press office didn’t respond to requests for comment on Thompson’s detention.Prosecutors argued that if Thompson -- a former employee of Amazon.com Inc. -- were set free, she could sell any stolen data she may have secretly stashed away and that hasn’t been found by federal agents, including data from the other entities she allegedly hacked. They also said she has the skills to carry out other hacks.Prosecutors didn’t identify any of the other companies or entities whose servers were allegedly breached. Several companies, including UniCredit SpA and Ford Motor Co. said they were investigating whether they were involved in the breach. The prosecutors focused mostly on the many examples of Thompson’s allegedly dangerous behavior.Earlier this month, the U.S. claimed Thompson had once threatened a social media company that prosecutors didn’t identify. The U.S. said police were called to Thompson’s house in May after she contacted an acquaintance at the company. She threatened to travel to its California campus and to “shoot up” the office, prosecutors said.The U.S. said Thompson had access to an “arsenal” of firearms that authorities found in Thompson’s home that allegedly belonged to her roommate, Park Quan. The stash, much of which was seized because Quan is a convicted felon, included ammunition, explosive material, assault rifles and a sniper rifle, the U.S. said.But when police followed up to investigate the threat against the company, they concluded Thompson “had no monetary or transportation means to come to California,” Hamoudi responded.Police ReportIn March, police were called to Thompson’s house after she became violent with four housemates and threatened to use a fake gun to commit “suicide by cop,” the U.S. said. And in social-media posts in June, Thompson allegedly said she had “nothing to lose” and threatened to kill police officers, the U.S. said.That allegation was challenged by a person involved in the incident, who said the report didn’t accurately reflect what happened, and that Thompson never made serious threats about “suicide by cop,” Hamoudi wrote.“I know what Ms. Thompson will and won’t do, and she will not harm others,” Hamoudi quoted the person involved -- Diane Eakes -- as saying. “Ms. Thompson pushes people away and that is what she was trying to do.”The case is U.S. v. Thompson, 2:19-mj-00344, U.S. District Court, Western District of Washington (Seattle).(Updates with request for comment from Capital One.)To contact the reporter on this story: Erik Larson in New York at email@example.comTo contact the editors responsible for this story: David Glovin at firstname.lastname@example.org, Joe Schneider, Peter BlumbergFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Today, in a tweet, US President Donald Trump called automobile company executives “foolish.” While Ford and GM are in the green, Tesla is down.
Vanguard has the highest institutional holdings in Ford. According to Reuters, Vanguard bought 3.95 million shares in the second quarter.
Ford (F) recalls more than 108,000 of its 2015 Fusions and 2015 Lincoln MKZ vehicles due to an issue with seat belt anchor pretensioners.
Chinese electric car maker NIO delivered 837 cars in July, down from 1,340 cars in June. Tesla’s delivery growth range was 110%–221% in the last year.
Auto stocks and the US equity market slumped with fresh fears of an economic recession. Today, the Dow Jones Industrial Average fell more than 600 points.
Deere & Company (DE) closed up a slight 0.08% Tuesday; shares were likely positively affected after the Trump administration pushed back a new wave of tariffs from September to December 15, raising hopes of a trade deal.
Over the weekend, Tesla CEO Elon Musk compared gasoline cars to steam engines. Yesterday, Tesla also teased legacy automakers in a tweet.
Rite Aid, CBS, Viacom, BlackRock, Ford and Anheuser-Busch InBev are the companies to watch.
Toni Morrison was 39 years old when her first novel, The Bluest Eye, was published in 1970. While writing the novel, she worked as a textbook editor for Random House and lived in Syracuse, New York. The book is set in Lorain, Ohio, where Morrison was born Chloe Ardelia Wofford in 1931 — she joined the Catholic church aged 12 and took the baptismal name Anthony, source of the nickname with which she would become indelibly identified.