Asian shares rise despite worries about virus outbreak. Arkansas community pitches Chinese mill site to other firms. Businesses struggle to fix supply chains disrupted by virus.
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The Early Bird Newsletter

Wednesday, February 12th

S and P pricesDow pricesQQQ prices
Meric Greenbaum
Politics

Asian shares rise despite worries about virus outbreak

Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. Japan's Nikkei 225 rose 0.5% in morning trading to 23,813.14. Australia's S&P/ASX 200 gained 0.6% to 7,094.00. Hong Kong's Hang Seng added 0.7% to 27,7...

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Arkansas community pitches Chinese mill site to other firms
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Arkansas community pitches Chinese mill site to other firms

A community in southwest Arkansas plans to pitch a site it has been holding for a $1.8 billion Chinese paper mill to other industrial prospects amid growing signs that the project's future is at risk because of trade tensions. Sun Paper announced in 2016 it would bu...

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Businesses struggle to fix supply chains disrupted by virus
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Businesses struggle to fix supply chains disrupted by virus

Chinese authorities are struggling to strike a delicate balance between containing a viral outbreak and restarting the world’s second-biggest economy after weeks of paralysis. As the death toll from the newly named COVID-19 illness topped 1,000, global supply chains remain widely disr...

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Greek 10-year bond yield makes historic dip below 1%
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Greek 10-year bond yield makes historic dip below 1%

Greece's 10-year government bond yield has fallen below 1% for the first time, bolstering the country's effort to ease strict budget conditions set by bailout lenders. The yield dropped Wednesday to 0.957% but remains among the highest borrowing rates in the 19-country eurozone and ro...

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SoftBank's profit drop amid WeWork worries, Sprint approval
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SoftBank's profit drop amid WeWork worries, Sprint approval

Japanese technology conglomerate SoftBank Group Corp. said its profit for the last quarter dropped amid worries about the perceived risk of its investments into companies like WeWork. Tokyo-based SoftBank said Wednesday its profit for the October-December quarter stood at 55 billion ...

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Lyft posts $2.6B 2019 loss, keeps 4Q 2021 profit forecast
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Lyft posts $2.6B 2019 loss, keeps 4Q 2021 profit forecast

Ride-hailing service Lyft is sticking with its prediction that it will be profitable by the end of next year. This while its annual loss more than doubled in 2019 to over $2.6 billion. But the San Francisco company's annual revenue jumped 68% and ridership grew. Lyft's ...

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China still mostly closed down as virus deaths pass 1,000
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China still mostly closed down as virus deaths pass 1,000

The daily death toll in China from a new virus topped 100 for the first time, pushing the total fatalities above 1,000 Tuesday as the World Health Organization announced a new name for the disease caused by the virus. Despite the official end of the extended Lunar New Year holiday, Ch...

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From Our Partners

Former Hedge Fund Manager: "Get out of Cash on this day in Feb"

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California governor wants to grill PG&E about financing plan
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California governor wants to grill PG&E about financing plan

Pacific Gas & Electric's plan to emerge from bankruptcy faced another threat from California Gov. Gavin Newsom during a Tuesday court hearing that set the stage for a potentially dramatic showdown later this month. Newsom's lawyers told U.S. Bankruptcy Judge Dennis Montali they ...

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William Barr, David Bowdich
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Equifax hack highlights China interest in U.S. personal data

In 2014, the Obama administration accused five Chinese military agents of targeting Pittsburgh-area industrial companies including Westinghouse Electric, Alcoa and U.S. Steel. Since then, the number of companies allegedly targeted by Chinese hackers has only grown. Chinese President X...

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r m
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Push to scale back US environmental law draws ire at hearing

The Trump administration on Tuesday hosted the first of two hearings on its proposal to speed energy and other projects by rolling back a landmark environmental law. Opponents from Western states argued the long-term benefits of keeping the environmental reviews. Among other changes, ...

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Federal Trade Commission
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US regulators probing 5 tech companies' acquisitions to 2010

Federal regulators are ramping up their investigation of the market dominance of giant tech companies, demanding detailed information on five companies' acquisitions of smaller firms back to 2010. The Federal Trade Commission announced the move Tuesday, issuing orders to Facebook, Am...

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From Our Partners

The "2020 Trifecta" is Exactly What We've Been Waiting For...

In my 40+ year career, I have yet to see a convergence of three significant factors that has me this optimistic about the stock market. I believe 2020 could deliver the largest wealth-building opportunity in a generation. Don't miss out on this historic year.

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Kourtney Lesperance
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Farmers worry Florida bill will worsen labor scarcity woes

On a recent afternoon, many stools stood empty beside a conveyor belt where workers examined a stream of green tomatoes and tossed aside those with holes and cracks at a South Florida packing house. Paul J. DiMare, one of the country’s leading producers of fresh tomatoes, recalls the ...

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John Legere
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AP Explains: What T-Mobile takeover of Sprint means for you

T-Mobile’s $26.5 billion takeover of Sprint could mean higher or lower phone bills, depending on whom you ask. A federal judge in New York ultimately took T-Mobile's track record of aggressive competition into account in ruling Tuesday that the deal would be good for consumers. In doi...

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The Early Bird Stock Of The Day

ResMed Inc.

ResMed Inc.

ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications that diagnose, treat, and manage respiratory disorders comprising sleep disordered breathing, chronic obstructive pulmonary disease, neuromuscular disease, and other chronic diseases. It offers various products and solutions for a range of respiratory disorders, including technologies to be applied in medical and consumer products, ventilation devices, diagnostic products, mask systems for use in the hospital and home, headgear and other accessories, dental devices, portable oxygen concentrators, and cloud-based software informatics solutions to manage patient outcomes, as well as provides customer and business processes. The company also provides humidifiers, carry bags, and breathing circuits; data communications and control products, such as AirView Diagnostics, EasyCare, ResLink, ResControl, ResControl II, TxControl, ResScan, and ResTraxx modules; U-Sleep, which enables automated patient coaching through a text, email, or interactive voice phone call; and myAir, a patient engagement application that provides sleep data and a daily score based on their previous night's data, as well as offers business management software and services to medical equipment and home health providers. It markets its products to sleep clinics, home healthcare dealers, patients, hospitals, physicians, and third-party payers through a network of distributors and direct sales force in approximately 120 countries. ResMed Inc. was founded in 1989 and is headquartered in San Diego, California.

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