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First Sign of a Problem with one of Trump's decisions?

Luckyone

Luckyone

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Ford announced today that they were laying off thousands of workers given that they have lost over $1 billion dollars since the Trade War began.

The NASDAQ has fallen 6.5% over the past 8 trading days and the SPX broke through a decent support at 2864 today, suggesting the bears are starting to take some control over the market.

The earnings quarter starts on Friday and usually the bulls are in control for the first 3 weeks of each earnings quarter, meaning that the market should generate some kind of rally over the next couple of weeks.

Nonetheless, if more news like Ford's starts to come out, it might be a sign that Trump's incompetency is starting to come out, just like the 6 companies he bankrupted. Remember that the Tax Cut and the De-regulation that has helped the economy and the stock market were both Republican plans that Trump had little to do with. The Trade War is ALL on Trump. It is his baby.
 
We'll see how it evolves, but I was never sure how long Trump could ride Obama's economy before crashing it. I hope he doesn't completely throw us back into a recession.
 
Luckyone said:
Ford announced today that they were laying off thousands of workers given that they have lost over $1 billion dollars since the Trade War began.

The NASDAQ has fallen 6.5% over the past 8 trading days and the SPX broke through a decent support at 2864 today, suggesting the bears are starting to take some control over the market.

The earnings quarter starts on Friday and usually the bulls are in control for the first 3 weeks of each earnings quarter, meaning that the market should generate some kind of rally over the next couple of weeks.

Nonetheless, if more news like Ford's starts to come out, it might be a sign that Trump's incompetency is starting to come out, just like the 6 companies he bankrupted. Remember that the Tax Cut and the De-regulation that has helped the economy and the stock market were both Republican plans that Trump had little to do with. The Trade War is ALL on Trump. It is his baby.
Click to expand...


How about giving us some more detailed info ... (grin)


Ford Motor Company is planning to “redesign” its white-collar workforce, laying off an unknown number of its 70k white-collar employees, according to NBC News. While “redesigning” its workforce sounds entirely euphemistic, Ford CFO Bob Shanks says the restructuring will be aimed more at “making different choices about strategy” than cutting costs. Ford wants its white-collar workforce to have less hierarchy and deliver more decision-making privileges to employees, the automaker says.

The number of employees that could be cut as a result of Ford’s global restructuring is unknown, but NBC News reports that Morgan Stanley anticipates a “global headcount reduction of approximately 12 percent.” That would equate to roughly 24k of Ford’s 202k employees and hourly workers worldwide.

Many of those layoffs could come from Ford’s European and South American businesses, which are currently costing the automaker billions of dollars annually. Ford Executive Chairman Bill Ford said in May that investors ought to anticipate some “fairly large” changes in those markets as the automaker attempts to cut its losses and improve its financial fitness.

Of course, many of the layoffs could also come from North America, where the Blue Oval has taken a hit from U.S. President Donald Trump’s trade actions. New tariffs on imported steel and aluminum have already cost Ford Motor Company to the tune of $1 billion, CEO Jim Hackett says; even though Ford primarily uses metals that are produced domestically, prices have gone up as a result of the new import duties.

According to NBC News, Ford trails well behind General Motors in terms of vehicle sales-per-head, selling just 32.8 vehicles per employee to GM’s 52.7 per employee.

Report: Ford Motor Company Layoffs Coming | Ford Authority


Lots of little bosses, not enough workers ... :lol:
 
Well, they did just sunset ALL CAR production for the USA except the Mustang.
Here on out, Ford USA will only make and sell Mustangs, the entire Ford USA market beyond that will be trucks and sport utility vehicles.
Stands to reason that they'd be cutting some workforce as a result.
 
Barnacle said:
How about giving us some more detailed info ... (grin)


Ford Motor Company is planning to “redesign” its white-collar workforce, laying off an unknown number of its 70k white-collar employees, according to NBC News. While “redesigning” its workforce sounds entirely euphemistic, Ford CFO Bob Shanks says the restructuring will be aimed more at “making different choices about strategy” than cutting costs. Ford wants its white-collar workforce to have less hierarchy and deliver more decision-making privileges to employees, the automaker says.

The number of employees that could be cut as a result of Ford’s global restructuring is unknown, but NBC News reports that Morgan Stanley anticipates a “global headcount reduction of approximately 12 percent.” That would equate to roughly 24k of Ford’s 202k employees and hourly workers worldwide.

Many of those layoffs could come from Ford’s European and South American businesses, which are currently costing the automaker billions of dollars annually. Ford Executive Chairman Bill Ford said in May that investors ought to anticipate some “fairly large” changes in those markets as the automaker attempts to cut its losses and improve its financial fitness.

Of course, many of the layoffs could also come from North America, where the Blue Oval has taken a hit from U.S. President Donald Trump’s trade actions. New tariffs on imported steel and aluminum have already cost Ford Motor Company to the tune of $1 billion, CEO Jim Hackett says; even though Ford primarily uses metals that are produced domestically, prices have gone up as a result of the new import duties.

According to NBC News, Ford trails well behind General Motors in terms of vehicle sales-per-head, selling just 32.8 vehicles per employee to GM’s 52.7 per employee.

Report: Ford Motor Company Layoffs Coming | Ford Authority


Lots of little bosses, not enough workers ... :lol:
Click to expand...

What a nice way to put a positive spin on it. Sounds like it came straight from Trump's mouth.

Nonetheless, here is the reality of it:

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.

and here is the complete article so you can all read about it:

Ford Prepares for Layoffs After Tariffs Take $1B Bite, Report Says | Fortune
 
Maybe the solution is more tariffs.
 
Ikari said:
We'll see how it evolves, but I was never sure how long Trump could ride Obama's economy before crashing it. I hope he doesn't completely throw us back into a recession.
Click to expand...

A recession like the dirty 30's is coming. Now trade wars will only shorten the time before it arrives. How worldwide debt has increased dramatically since the 08 crash - Italy is probably next, France is also in trouble- Germany has slowed down. Emerging markets are getting hit. And yes China is also having problems, with there markets/debt as well.

Just look at some stocks wild rides, the MJ Stock that went ballistic, then cratered somewhat with 20 Mil a year in sales.
 
Luckyone said:
Nonetheless, if more news like Ford's starts to come out, it might be a sign that Trump's incompetency is starting to come out, just like the 6 companies he bankrupted. Remember that the Tax Cut and the De-regulation that has helped the economy and the stock market were both Republican plans that Trump had little to do with. The Trade War is ALL on Trump. It is his baby.
Click to expand...
The incompetence of the Trump Regime has been obvious since day one.

The real issues are:
• When will those incompetencies start to have real impacts on the actual capacity of the government?

• When will it have economic impacts? And how big will they be?

• Will the people who voted for him in 2016, that are not part of his Cult of Personality, attribute any economic problems to Trump?

• We all know by now that Trump will take all the credit for anything positive, and blame everyone else (especially Democrats, immigrants, minorities, the media etc) for anything negative. The question is whether that will continue to work if the economy gets worse.


We should keep in mind that official unemployment rates are at record lows, even though wages are flat, and LFPR is still several percentage points below its 2001 peak. Meaning that the economy can, for the moment, handle a Ford layoff of 24,000. It may not be good for those workers or the specific towns where they work, but it's not going to cripple the economy. Job losses would have to be large, sustained and geographically distributed to have a noticeable national impact.
 
Luckyone said:
What a nice way to put a positive spin on it. Sounds like it came straight from Trump's mouth.

Nonetheless, here is the reality of it:

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.

and here is the complete article so you can all read about it:

Ford Prepares for Layoffs After Tariffs Take $1B Bite, Report Says | Fortune
Click to expand...


The reality is that Ford gets only half the vehicles that GM gets per worker ... and that most layoffs will be outside the US of A ... affecting the workers that took jobs from Americans.
 
Barnacle said:
The reality is that Ford gets only half the vehicles that GM gets per worker ... and that most layoffs will be outside the US of A ... affecting the workers that took jobs from Americans.
Click to expand...

Sure, sure, if you say so.
 
trixare4kids said:
Companies reorganize all the time...
Click to expand...
Of course they do. However, when a company directly states that it lost $1 billion because of a President's policy, and those policies are forcing layoffs, it actually makes sense to attribute those losses and layoffs to whoever set the policy. That's... kind of how causality works.

We should also note that Trump takes everything personally, and demands loyalty while giving none in return. If they want to change Trump's mind, it's usually better to flatter the Generalissimo than blame him for a loss. Even with a less erratic person in office, it isn't always a great idea for a huge company to directly cross the president. Meaning they see it as more important to get this message out to other audiences (investors, White House Conservative Resistance fighters etc) than to risk irritating Trump.
 
Luckyone said:
Ford announced today that they were laying off thousands of workers given that they have lost over $1 billion dollars since the Trade War began.

The NASDAQ has fallen 6.5% over the past 8 trading days and the SPX broke through a decent support at 2864 today, suggesting the bears are starting to take some control over the market.

The earnings quarter starts on Friday and usually the bulls are in control for the first 3 weeks of each earnings quarter, meaning that the market should generate some kind of rally over the next couple of weeks.

Nonetheless, if more news like Ford's starts to come out, it might be a sign that Trump's incompetency is starting to come out, just like the 6 companies he bankrupted. Remember that the Tax Cut and the De-regulation that has helped the economy and the stock market were both Republican plans that Trump had little to do with. The Trade War is ALL on Trump. It is his baby.
Click to expand...

You should actually read the article.
the one has nothing to do with the other.

Ford is getting rid of their white collar jobs. IE these are middle management people that are no longer needed as ford has shut down a few of their
processing departments.

Since they are no longer producing sedans and are only producing the mustang they don't need a lot of those managers.
They have had this planned in the works for a while now.

https://www.reuters.com/article/us-...part-of-restructuring-the-times-idUSKCN1LI0SE

most of their losses have come from europe.

it helps to do some actual research.
 
Visbek said:
Of course they do. However, when a company directly states that it lost $1 billion because of a President's policy, and those policies are forcing layoffs, it actually makes sense to attribute those losses and layoffs to whoever set the policy. That's... kind of how causality works.

We should also note that Trump takes everything personally, and demands loyalty while giving none in return. If they want to change the President's mind, it's usually better to flatter the Generalissimo than blame him for a loss. Meaning they see it as more important to get this message out to other audiences (investors, White House Conservative Resistance fighters etc) than to risk irritating Trump.
Click to expand...

Do you see Ford blaming Trump?
Yeah, me neither.

Carry on...:mrgreen:
 
trixare4kids said:
No, her source came right from the horse's mouth, Ford Motor Company.
Read it:
Report: Layoffs Coming To Ford Motor Company’s 70k-Strong White-Collar Workforce

Companies reorganize all the time... but let's not waste a minute of our time. We must create a faux crisis to smear Trump. :lol:
Click to expand...

you have to realize that TDS means they have to blame trump
this has been coming for a while. more so after Ford dropped almost all of their sedan line.

Some of these people will be transfered to the new electric car.
 
ludin said:
You should actually read the article.
the one has nothing to do with the other.

Ford is getting rid of their white collar jobs. IE these are middle management people that are no longer needed as ford has shut down a few of their
processing departments.

Since they are no longer producing sedans and are only producing the mustang they don't need a lot of those managers.
They have had this planned in the works for a while now.

https://www.reuters.com/article/us-...part-of-restructuring-the-times-idUSKCN1LI0SE

most of their losses have come from europe.

it helps to do some actual research.
Click to expand...


Liberals can't read ...
 
trixare4kids said:
Do you see Ford blaming Trump?
Click to expand...
Yes.

Ford CEO Says Trump Metals Tariffs Took $1 Billion of Profit
“The metals tariffs took about $1 billion in profit from us -- and the irony is we source most of that in the U.S. today anyways,” Hackett said in an interview on Bloomberg Television. “If it goes on longer, there will be more damage.”
https://www.bloomberg.com/news/arti...mp-s-metals-tariffs-took-1-billion-in-profits

Those losses are the primary motivation for the layoffs, despite a tentative deal on NAFTA 2.0.
 
Barnacle said:
Liberals can't read ...
Click to expand...
Uh huh

First two paragraphs of the article:

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.

Hacket explicitly blamed the Trump tariffs for $1 billion in lost profits for 2018.

This layoff isn't because of changes in sedans. It's a reaction to Trump's tariffs and trade policies.
 
Visbek said:
Uh huh

First two paragraphs of the article:

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.

Hacket explicitly blamed the Trump tariffs for $1 billion in lost profits for 2018.

This layoff isn't because of changes in sedans. It's a reaction to Trump's tariffs and trade policies.
Click to expand...


"... But auto sales are down, and one reason is the trade tariffs ..."


So, what did Ford blame for their near bankruptcy in 2008 when they asked for a government bailout?!?
 
Barnacle said:
"... But auto sales are down, and one reason is the trade tariffs ..."


So, what did Ford blame for their near bankruptcy in 2008 when they asked for a government bailout?!?
Click to expand...



So, 10 years ago Ford and some others were crying they're gonna go bankrupt if the government doesn't give them a healthy financial infusion, and 10 years later Ford still hasn't sorted out their s*** but try to lay blame on everything but their own incompetence and mismanagement.
 
Luckyone said:
What a nice way to put a positive spin on it. Sounds like it came straight from Trump's mouth.

Nonetheless, here is the reality of it:

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.

and here is the complete article so you can all read about it:

Ford Prepares for Layoffs After Tariffs Take $1B Bite, Report Says | Fortune
Click to expand...

If this were even remotely true, it would reflect the same percentages across the entire US car manufacturing industry, yet, um, nope, not true..

Logic is your friend!

Carry on though..

Tim-
 
Luckyone said:
Ford announced today that they were laying off thousands of workers given that they have lost over $1 billion dollars since the Trade War began.

The NASDAQ has fallen 6.5% over the past 8 trading days and the SPX broke through a decent support at 2864 today, suggesting the bears are starting to take some control over the market.

The earnings quarter starts on Friday and usually the bulls are in control for the first 3 weeks of each earnings quarter, meaning that the market should generate some kind of rally over the next couple of weeks.

Nonetheless, if more news like Ford's starts to come out, it might be a sign that Trump's incompetency is starting to come out, just like the 6 companies he bankrupted. Remember that the Tax Cut and the De-regulation that has helped the economy and the stock market were both Republican plans that Trump had little to do with. The Trade War is ALL on Trump. It is his baby.
Click to expand...

Complete and total BULL****.

Ford planned a GLOBAL RESTRUCTURING more than two years ago, and the tariffs , obviously, are not the cause. They over-extended in Europe and Asia , and are trying to use the tariffs as an excuse to appease the UAW, apparently:


Ford Warns Restructuring Will Cost $11 Billion, Take Years




Ford Motor Co. warned investors it’s embarking on a costly restructuring that will take years and punctuated an ugly day for Detroit’s big carmakers, with all three cutting their 2018 profit forecasts. The shares fell in late trading.



The second-largest U.S. automaker expects to rack up $11 billion in charges over the next three to five years, as it exits businesses beyond North American sedans. A stale product lineup in Asia and costs to comply with tougher emissions rules in Europe contributed to both regions swinging to losses in the second quarter. The struggles Ford is having with those operations spurred the decision to slash its earnings projection for this year.




https://www.bloomberg.com/news/arti...billion-restructuring-taking-up-to-five-years

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Leave to the Fake News to provide today's TDS Pack of Lies to feed the Left Drones....
 
Hicup said:
If this were even remotely true, it would reflect the same percentages across the entire US car manufacturing industry, yet, um, nope, not true..

Logic is your friend!

Carry on though..

Tim-
Click to expand...

Talking about people that do not want to see reality.

First of all, the same percentage drop seen in Ford is being seen in GM. GM has dropped the same 29% in value that Ford has dropped since those Tariffs were announced. The stock was trading at $45.00 on June 11th and today saw a low of 32.12.

Nonetheless, it seems that GM is more politically correct and they haven't wanted to assess blame..............Nonetheless, the price of GM certainly reflects a problem

https://www.forbes.com/sites/doronlevin/2018/07/25/are-trump-tariffs-already-hurting-general-motors-earnings-gm-is-too-diplomatic-to-assess-blame/#6162350032d3
 
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