jack_christie
Forum Addict
- Joined
- Aug 1, 2006
- Messages
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King: Trump comments on Ford made me feel sick
King: Trump comments on Ford made me feel sick
avanti;n3553938 said:No-one cares, certainly not gonna make a Trump supporter abandon ship.
Interrobang;n3553965 said:Yeah, another one on the big pile of lies. Who cares anymore? That ship has long sailed. Trump is as big (frequent? better word?) a liar as you can get. He makes People like Frank Abagnale look like really honest people.
Excuse my sarcasm, but maybe the thing we should be talking about is the fact that "no-one cares". Another lie shouldn't just result in shoulder shrugging. Or is that sentiment already "hyper-moralism" these days? I honestly can't tell anymore sometimes. Honesty used to be something to aspire to, something good. Now it's "no-one cares".
Ford is having a bad year in 2018. Its stock is down 29%, and the tariffs imposed by President Trump have reportedly cost the company $1 billion, as the company is in the midst of a reorganization. Now, the company is announcing layoffs.
Jim Hackett, Ford’s CEO, is working to engineer a $25.5 billion restructuring of the automaker, hoping to cut costs and remain competitive, the Wall Street Journal reports. But auto sales are down, and one reason is the trade tariffs that Trump has imposed on metals and other goods. According to Bloomberg, Hackett has said they have already cost the company $1 billion in profit and could do “more damage” if the disputes aren’t resolved quickly.
Ford, the No. 2 U.S. automaker by sales, is making aggressive job cuts as part of that reorganization, NBC News reported. While the company hasn’t said how many jobs will be lost, a report from Morgan Stanley estimates “a global headcount reduction of approximately 12 percent,” or 24,000 of Ford’s 202,000 workers worldwide.”
While reports have indicated that the job cuts are likely to come early next year, The Kansas City Star reported Tuesday that Ford has temporarily halted production of transit vans in Claycomo, Mo. The move is intended to build up Ford’s inventories of the vans, but it will leave 2,000 workers idle between Oct. 22 and Nov. 4.
Despite news of the layoffs, Ford’s stock closed down 3.4% Tuesday.
At a time when automakers are scrambling to prepare for self-driving cars, Ford is also struggling to keep pace with the rest of the industry. September was a bad month for U.S. auto sales—with aggregate sales down 7%—but Ford’s drop off was even more severe. Ford said its sales of its vehicles declined 11.2% last month, with sales of its best-selling F-Series pickup trucks down 9%.
President Donald Trump slammed the Federal Reserve as “going loco” for its interest-rate increases this year in comments hours after the worst U.S. stock market sell-off since February.
Trump said in a telephone interview on Fox News late Wednesday night the market plunge wasn’t because of his trade conflict with China: “That wasn’t it. The problem I have is with the Fed,” he said. “The Fed is going wild. They’re raising interest rates and it’s ridiculous.”
“That’s not the problem,” he said of the trade standoff. “The problem in my opinion is the Fed,” he added. “The Fed is going loco.”[...]
LeVeL;n3554283 said:Just quickly setting foot in here to say that a federal judge has thrown out Stormy's defamation suit against Trump. The best part is that he ordered that she pay Trump's attorney fees so all the idiots that donated to her GoFundMe are now literally paying Trump
jack_christie;n3554288 said:
God I hate TMZ ...