Gone Too Far
“I believe the government has gone too far,” says a reader in answer to our question Friday.
“Last time I checked, I am an adult and can make decisions for myself. It should be my choice to wear a mask, not the government’s.
“If you are a person who is concerned about getting the virus, do what you need to do to stay safe and leave me alone. Open up businesses, and if you don’t want to go in for fear of getting sick, DON’T GO IN.”
Another reader questions if making a living is essential or not: “Where does it say in the U.S. Constitution — or anywhere else — that the government has the right to tell one citizen he can feed his family, but another he’s ‘nonessential’?
“This is the most blatant attack on the middle class since we got off the gold standard in 1971. Without firing a shot, the government has managed to destroy the best part of the American dream, small mom and pop shops.
“Stand up America… They will take as much as you’re willing to give up.”
What rights do you believe you’ve given up — or not — over the last six months of the pandemic? Chime in especially if your livelihood or business has been affected.
Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Wednesday, Sept. 9, 2020…
GM + NKLA
General Motors (GM) shares got a gratifying pop Tuesday on news the automaker’s sinking $2 billion into electric truck maker Nikola Motor Company, representing an 11% stake in the Phoenix-based company.
And at one point yesterday, NKLA shares rocketed over 50%; they’ve come back to earth a bit this morning.
For the record: “Nikola specializes in building zero-emission semi trucks using battery or hydrogen fuel cell technology,” CNBC says, “but it recently introduced its Badger pickup truck for consumers.”
With GM’s backing, the Badger (interesting name) is expected to roll out by the end of 2022…
Source: Nikola Motor Company
“Nikola founder and Executive Chairman Trevor Milton said the partnership gives Nikola more than just a manufacturer.” (Perhaps Mr. Milton’s the yin to Elon Musk’s yang?)
“Nikola will also have access to GM’s validated parts as well as its Ultium battery technology and a multibillion dollar fuel-cell program.”
While Nikola (Nasdaq: NKLA) blended into the pandemic scenery when it made its IPO on Jun. 4, “the stock has taken off since its IPO despite the fact that Nikola, which was founded in 2015, doesn’t expect to generate revenue until 2021,” CNBC reports.
Well, when did that ever stop Tesla?
We think this is an interesting pairing: a pillar of the auto industry plus an up-and-comer in the EV space. We’ll keep you posted…
Market Rundown for Wednesday, Sept. 9, 2020
S&P 500 futures are up 37 points to 3,368.
Oil’s rallied about 1% to $37.12 for a barrel of WTI.
Gold is up $10.40 per ounce to $1,953.60.
Bitcoin’s up $144.75 to $10,241.50.
Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.
We’ll have more to say Friday; until then, take care.
For the Rundown,