DCO.DE - Deere & Company

XETRA - XETRA Delayed Price. Currency in EUR
-9.88 (-7.57%)
At close: 5:35PM CEST
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Previous Close130.56
Bid119.08 x 8000
Ask120.68 x 40000
Day's Range120.00 - 125.38
52 Week Range98.14 - 166.62
Avg. Volume305
Market Cap36.313B
Beta (5Y Monthly)1.05
PE Ratio (TTM)11.77
Earnings DateN/A
Forward Dividend & Yield2.76 (2.11%)
Ex-Dividend DateMar 30, 2020
1y Target EstN/A
  • The Zacks Analyst Blog Highlights: American Tower, Equinix, Deere, NVIDIA and NextEra

    The Zacks Analyst Blog Highlights: American Tower, Equinix, Deere, NVIDIA and NextEra

    The Zacks Analyst Blog Highlights: American Tower, Equinix, Deere, NVIDIA and NextEra

  • Barrons.com

    There’s More Pain Ahead for Already-Beleaguered Factories

    The report is the latest indication that, while the coronavirus began to affect the domestic economy in March, the worst has yet to come

  • Top Research Reports for American Tower, Equinix & Deere

    Top Research Reports for American Tower, Equinix & Deere

    Top Research Reports for American Tower, Equinix & Deere

  • Bloomberg

    Don’t Drop Your iPhone Now: Repairing It Is a Problem

    (Bloomberg Opinion) -- If, in the midst of the coronavirus pandemic, you are in Minneapolis and you drop your iPhone, who will repair the cracked screen? If you’d like an authorized repair, with Apple Inc.-certified parts, the options are suddenly limited. Apple’s retail stores, and the service centers inside of them, are closed indefinitely. Similarly, Twin Cities-based Best Buy Co., which offers authorized Apple repairs in its stores, is not repairing products in-house at this time. Apple maintains a modest network of authorized repair shops, but — thanks to Covid-19 business shutdowns — the closest one available to repair an iPhone is nearly 200 miles away, in Sioux Falls, South Dakota. That leaves one reasonable authorized repair option: Mail in that iPhone and wait.Admittedly, this might not appear to be the most pressing issue during a pandemic. But consider: Covid-19 is spreading at a time when dependence on personal technology is more important than ever, connecting Americans to family, work, health information and news. As that dependence has grown, manufacturers of electronics — from mobile phones to essential medical equipment like ventilators — have made design and policy decisions that restrict device repair to themselves and their chosen representatives. In normal times, those decisions might amount to an expensive inconvenience for consumers. During a pandemic, they raise a pressing question: Who will repair our stuff if the manufacturers can’t or won’t?It’s not a question the U.S. faced during the 1918 flu pandemic. A century ago, most of the devices purchased by Americans were mechanical in nature, and home mechanics were plentiful. The Ford Model T circa 1918 was designed to be serviced by its owner or anyone nearby with basic mechanical skills. In the 1920s, American farmers started the mass adoption of mechanical tractors, and so had to develop formidable repair skills to keep them running. When World War II arrived, and farm equipment and repair parts became scarce, manufacturers like John Deere Inc. actively sought to aid farmers in the personal upkeep of their equipment. That self-reliant spirit persisted for most of the 20th century, epitomized by weekend mechanics working on their cars in the driveway.By the early 1990s, however, the skills and motivation to repair at home, or to start repair businesses, were in decline. As manufacturing jobs shuttered, mechanical and repair skills withered. At the same time, globalized manufacturing drove down the costs of manufactured goods. Once-expensive repairable televisions gave way to disposable $300 flat screens. The TV repair shop, once a fixture in American cities, has largely disappeared.More intentional reasons for the decline also emerged. Device, appliance and even farm-tractor manufacturers opted to wring more money out of their service and parts businesses by restricting access to repair parts and documentations. For example, on March 31, camera manufacturer Nikon Corp. will stop providing official parts, tools, software and repair manuals to the U.S. repair shops in its authorized repair network. (In 2012, it stopped selling parts to independent camera repair shops.) It will now only provide certified repair and parts in two Nikon-owned facilities. For camera owners, that means waiting longer, and probably paying more, to get their stuff fixed. For independent repair shops, it means one less reason to stay in business.Nikon’s practices aren’t unique. Apple restricts parts, diagnostic software and repair documentation to its stores and a small network of authorized repair shops. It also actively dissuades independent repair shops from fixing Apple products. One of the world’s most valuable companies is suing a small, unauthorized Norwegian phone repair shop for selling aftermarket iPhone screens. Without aftermarket parts, such shops cannot fix iPhones.And John Deere, once a proponent and partner in the independent repair of tractors, has built a repair monopoly by installing software that effectively prevents anyone but its authorized service centers from doing even simple repairs to its tractors. For some farmers, this practice has resulted in delays in planting, a particularly ominous prospect during a spring pandemic. Equally ominous, if not more so, is the prospect that in-house medical technicians — especially in hospitals in emerging markets — will not have access to repair documentation, software and tools in the midst of the pandemic.It's too late for manufacturers to provide more convenient, affordable and accessible repair options to most consumers and businesses during this pandemic. But there are some radical steps that could easily make a difference right now. For example, manufacturers of medical equipment such as ventilators should release repair guides for therapy devices to hospitals rather than forcing them to wait for a certified technician. Similarly, Deere and other farm equipment manufacturers should suspend their software locks for the 2020 planting season, at a minimum, to ensure that there’s no delay in servicing needed farm equipment. Finally, consumer electronics manufacturers, including Apple, should post information on how consumers can quickly obtain simple repairs like battery and screen replacements while authorized repair is unavailable.Longer-term, the states and federal government need to pass long-stalled “Right to Repair” legislation to expand access for all Americans. Key provisions include requirements that manufacturers make repair documentation for their products freely available, and sell parts and diagnostics to independent repair operations at a fair market price.Self-reliance has long been a part of the American self-image. Giving back the right to repair stuff is a good way to ensure it’s maintained during and after Covid-19.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Adam Minter is a Bloomberg Opinion columnist. He is the author of “Junkyard Planet: Travels in the Billion-Dollar Trash Trade” and the forthcoming "Secondhand: Travels in the New Global Garage Sale."For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    Wall Street Looks at Coronavirus’s Impact on Machinery. Caterpillar and Deere Are in Focus.

    On Friday, (CAT) (ticker: CAT) was downgraded at Bank of America while (DE) (DE) was upgraded at J.P. Morgan. About 50% of Caterpillar’s sales are in the “energy & transportation” and “resource industry” segments. Caterpillar generated positive free cash flow in both 2008 and 2009, during the last steep economic downturn.

  • What Made You Think the Rally Wouldn’t Get Sold?: Taking Stock

    What Made You Think the Rally Wouldn’t Get Sold?: Taking Stock

    (Bloomberg) -- An 18% jump in three days would be great for the highest-beta asset, let alone a gauge of 500 of the largest companies in the U.S.The S&P 500 has gained that much since Tuesday, pushing through a number of resistance lines at light speed and clocking the biggest three-day run since 1933. The VIX Index, which measures projected volatility over the next 30 days, has lost half a point (or 1%) in the same time.Price swings aren’t likely to subside when investors are going through a range of conflicting emotions a dozen times a day. Millions have lost jobs, the economy is faltering and the U.S. now has more confirmed cases than any other country in the world. But a package of stimulus should provide some relief, and the market caps of companies have jumped by billions of dollars a day this week, recouping some of what they lost in recent, similar plunged.The same rally would look a lot more sustainable if the VIX was at 35 and not 60, Tallbacken Capital Advisors says.​Certainly, it’s a good to see half of the S&P’s industry groups up 20% or more since Tuesday and the Dow Jones up 21% during that time. But without concrete data on the state of corporate earnings and the economy, yet alone the ETA of a peak in the outbreak, it doesn’t mean all too much. Not a single stock in the Dow Jones is trading above its 50-day moving average, even as the index is on track for the best week since 1931. Caterpillar withdrew its financial outlook for the year and Boeing moved by tens of billions of dollars a day, showing the firm’s true value is a mystery.In and OutAnalysts will also have to square the stock market advance with data from EPFR Global that showed investors pulled $18.7 billion from U.S. equity funds in the week ending Wednesday, the biggest outflow since at least the beginning of the year.Futures are taking a breather with what has become a modest decline of 2.9% on Friday. Italian stocks fell the most in two weeks as the nation’s business newspaper reported, citing parliamentary documents, that the country may need new economic stimulus in addition to the package already discussed. China posted the biggest fall in industrial profits on record but the Shanghai Composite still eked out a gain.Today’s final University of Michigan consumer sentiment for March may offer a good view into how bad consumer spending may be in the coming months. Data on Thursday showing last week’s jobless claims quadrupled to a record 3.2 million all but guarantees spending will slow.So why did stocks rally after an unprecedented spike in jobless claims? Investors could’ve thought the terrible print is as bad as it’s going to get, or that weak economic releases in the weeks ahead are already factored in.On Tap For Next Week:And next week will be busy with economic announcements. We’ll get U.S. pending home sales on Monday, a measure of signed contracts (not closings) that’s a good leading indicator of closings that are at least one month out. Shortly after that we’ll get March Dallas Fed Manufacturing Activity. But we’ll have to wait until Friday for the most important one -- the monthly jobs report.The jobs data is expected to show U.S. payrolls fell in a negative territory in March for the first time in almost a decade. Still, the figure surveys people on the second week of the month, in this case, before the surge in claims triggered by the nationwide shutdown, and won’t likely be a good indicator of the real state of events.“The April-May data will provide a clearer perspective on the extent of damage inflicted on the labor market,” says Bloomberg Economics’ Eliza Winger.Consumer confidence print on Tuesday will provide a good lens into how negative consumers’ opinions are on current economic conditions. And we’ll see a final PMI manufacturing print for March on Wednesday, together with ISM manufacturing, construction spending and mortgage applications.The week will be relatively light in terms of earnings, but Constellation Brands (before the bell on Friday) and Walgreens Boots Alliance (Thursday) will be the ones to keep an eye out for.Sectors in Focus:KB Home is up 8% after a blowout quarterly report after the bell Thursday. Watch peers for a reaction.Watch General Motors after the firm announced in a memo (described to Bloomberg News after the bell) that the firm’s salaried staff will have 20% of pay deferred starting April 1 through the fourth quarter of this year or first quarter of 2021, in a move to preserve cash.Lululemon reported an acceleration of sales growth in the latest quarter, but refrained from offering an outlook for the current year, in a move that caused a target price upgrade at Piper Sandler and a cut at Guggenheim.Notes From the Sell SideCaterpillar was cut to neutral from buy at BofA, which cited the heavy machinery company’s exposure to the energy sector, as well as uncertainty stemming from the coronavirus.The company recently pulled its forecast due to the pandemic, as have Cummins and Deere, “which only underscores the degree of demand and supply side uncertainty emanating from the COVID-19 outbreak.” Caterpillar “has a strong balance sheet and nearly 4% dividend yield, but so do a lot of other companies,” the firm wrote, adding that a strong yield “is not enough” in the current environment.Goldman sees a risk from Caterpillar’s energy exposure, noting that it has seen “one major capital spending cut after another from the large E&Ps, as well as pipeline project deferrals in the midstream space.”Separately, JPMorgan raised its view on Deere & Co., citing valuation after a recent pullback, though the firm continues to see risks for the machinery company.Analyst Ann Duignan remains “cautious on the structural challenges facing U.S. agriculture,” along with the impact of a strong dollar and ethanol fundamentals. However, Deere’s “balance sheets were in a strong position coming into this crisis and our revised [free cash flow] assumptions suggest they will still be in decent shape coming out of it.”PepsiCo was upgraded by two notches at Credit Suisse, to outperform from underperform, at Credit Suisse, which cited the food company’s valuation and “near, medium, and long-term drivers.” In the near-term, the pandemic “highlights defensive nature of PepsiCo,” including its “strong positions in water, sports drinks, juice brands and beneficiary from snack pantry loading.” Over the longer term, analyst Kaumil Gajrawala sees PEP’s beverage business improving.Tick-By-Tick to Today’s Actionable Events:8:00 Robert Kaplan, Federal Reserve Bank of Dallas President, on Bloomberg Radio8:30am -- Feb. Personal Income, Personal Spending10am -- March Final U. of Mich. SentimentFTSV/GILD - HSR expiresAVX/6971 JP- Tender offer expiresFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Brazil farm machinery sales, manufacturing slump amid coronavirus

    The expected growth of farm machinery sales in Brazil for 2020 has been wiped out by the coronavirus pandemic as agricultural trade fairs are canceled and shops are closed, with industry representatives hoping for a rebound in the second semester. Parts manufacturing has also ground to a halt with U.S.-based Deere & Co and Brazil's Jacto suspending operations at their Brazilian factories this week. Kepler Weber SA, the largest manufacturer of grain storage equipment in Latin America, placed its workers at two factories on leave for 20 days.

  • Deere & Company (NYSE:DE) Stock Goes Ex-Dividend In Just 3 Days
    Simply Wall St.

    Deere & Company (NYSE:DE) Stock Goes Ex-Dividend In Just 3 Days

    It looks like Deere & Company (NYSE:DE) is about to go ex-dividend in the next 3 days. Investors can purchase shares...

  • Deere, World’s Biggest Tractor Maker, Halts Output in Brazil

    Deere, World’s Biggest Tractor Maker, Halts Output in Brazil

    (Bloomberg) -- Deere & Co. is halting production in agricultural behemoth Brazil as the coronavirus outbreak erodes sales for the world’s biggest tractor maker.In a bid to protect employees and families, Deere said it will suspend two facilities in Brazil on Wednesday for an undetermined period while four other units will stop Monday.Deere and smaller rival AGCO Corp. pulled their financial outlooks on Monday and said they were cutting back operations. Dogged in the past year by trade war uncertainties and low crop prices, machinery companies are now struggling to deal with the ambiguity surrounding a pandemic, unable to say how long it will last or how economically damaging it may be.In Brazil -- one of the largest farm economies and the top exporter of commodities including coffee and soybeans -- the virus is leading to suspensions of agricultural fairs, worsening the outlook for sales.Deere’s Brazilian operations are mainly in the southern half of the country, including centers that supply parts in Campinas, sugarcane harvesters and sprayers in Catalao and tractors in Montenegro.Its distribution center for Latin America will continue to give support amid the soybean harvest as well as services to construction clients. Office staff will work remotely.(Adds detail on Brazilian operations)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Farm Equipment Makers Pull Guidances on Coronavirus Impact

    Farm Equipment Makers Pull Guidances on Coronavirus Impact

    Farm equipment manufacturers withdraw financial guidance and suspend operations in the wake of the coronavirus outbreak.

  • Bloomberg

    Tractor Makers Stung by Trade Wars Now Face Virus Cutbacks

    (Bloomberg) -- Tractors and combines should be flying out of U.S. dealerships as farmers desperately need to replace an aging fleet. They’re not, and at the same time, production in Europe is being hampered by supply chain shortages.Welcome to the coronavirus conundrum. Dogged in the past year by trade war uncertainties and low crop prices that kept farmers from ponying up cash, the world’s big machinery companies are now struggling to deal with the ambiguity surrounding a deadly pandemic, unable to say how long it will last or how economically damaging it may be.The result: Both Deere & Co. and AGCO Corp. pulled their financial outlooks on Monday, and both said they were cutting back operations. For Deere, the decision comes just a month after it announced an unexpected earnings boost and maintained its annual outlook on early signs of stabilization in the U.S. farm sector. Now, with coronavirus sapping its ability to forecast the future with any confidence, the company is changing its path.“The market is pricing in meaningful downside” for machinery companies, “but a global pandemic has not occurred for over a 100 years, thus there is not much precedent to fall back on,” Mircea Dobre, senior research analyst at Robert W. Baird & Co., said in a recent note.Already, large-tractor sales are 50% below their peak, according to Bloomberg Intelligence. Normally, that would be a sign that much-needed buying should occur. Instead, as the U.S. starts shutting down to stem the virus’s spread, Deere said it is reducing some operations and closing others on a temporary basis, even though its industry has been federally designated in the U.S. as an essential infrastructure businesses. Further updates will be provided in the Company’s second-quarter earnings announcement and conference call scheduled for May 22, 2020, the company said.In February, Deere forecast an earnings range of $2.7 billion to $3.1 billion in a statement that made no mention of the coronavirus already erupting in China. That compared with an average estimate by analysts of $2.9 billion. The company reported adjusted earnings of $1.63 a share for the first quarter, up from $1.54 a year earlier.In Europe, production has already been significantly reduced or suspended in several of AGCO facilities as the virus has raged across that continent, the company said in its statement. AGCO blamed that on shortages and constraints in the European supply chain. Additional production disruptions in other regions are expected, the statement said.Since the virus erupted in China, Deere has had a special crisis team of 10 people meeting daily on its impact, although everyone involved in global supply management is ultimately involved. Deere has also booked premium space on charter flights to obtain crucial parts directly from China, the company told Bloomberg in an email.In Brazil, a key market for global machinery makers, the coronavirus spread is leading to suspensions of agricultural fairs, worsening the outlook for sales. Rural fairs, events in the countryside where machinery makers can exhibit equipment, play an important role in machinery sales for companies. Last year, Agrishow, the biggest rural fair in the nation, totaled 3 billion reais in sales.Weak farm fundamentals and lack of detail on the phase-one U.S.-China trade deal are bearish factors for 2020. Longer term, though, the aging fleet and the world’s population growth will be supportive, according to a report by Bloomberg Intelligence. That will make adoption of high-tech and pricey precision agriculture methods and aftermarket services more important for profits.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Deere (DE) Stock Moves -0.43%: What You Should Know

    Deere (DE) Stock Moves -0.43%: What You Should Know

    In the latest trading session, Deere (DE) closed at $111.15, marking a -0.43% move from the previous day.

  • These Miners Cut Production Due To Coronavirus; John Deere Pulls Guidance
    Investor's Business Daily

    These Miners Cut Production Due To Coronavirus; John Deere Pulls Guidance

    John Deere fell after withdrawing guidance amid the coronavirus crisis. Mining stocks Newmont Mining and Freeport-McMoRan cut production.

  • TheStreet.com

    John Deere Withdraws 2020 Financial Outlook

    Heavy-equipment producer Deere withdrew its 2020 financial guidance in response to the coronavirus outbreak, which has crippled large parts of the world economy.

  • Why Is Deere (DE) Down 32.7% Since Last Earnings Report?

    Why Is Deere (DE) Down 32.7% Since Last Earnings Report?

    Deere (DE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • How Does Deere's (NYSE:DE) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does Deere's (NYSE:DE) P/E Compare To Its Industry, After The Share Price Drop?

    To the annoyance of some shareholders, Deere (NYSE:DE) shares are down a considerable 31% in the last month. The...

  • Widespread Clampdown Takes Hold; Spanish Emergency: Virus Update

    Widespread Clampdown Takes Hold; Spanish Emergency: Virus Update

    (Bloomberg) -- Fear closed the world in on itself as nations, from the U.S. to much of Europe and Latin America, took measures to shield citizens from coronavirus infection.That meant shutting borders, airports and, in France, its cafes and restaurants. Spain declared an emergency. Italy continued to be battered, reporting 175 new deaths to raise its total to 1,441.U.S. President Donald Trump took the test for coronavirus and extended travel bans to the U.K. and Ireland. New York City reported its first fatality.Key Developments:Cases rose to nearly 145,000 worldwide, with deaths almost 5,300France’s prime minister says people ignore warningsChina now has 80,824 confirmed cases, with its death toll rising by 13 on Friday to 3,189New York City is unprepared for large caseloadAfrican nations from Rwanda to Mauritania reported first casesSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here.Click VRUS on the terminal for news and data on the coronavirus and here for maps and charts. For analysis of the impact from Bloomberg Economics, click here. To see the impact on oil and commodities demand, click here.Spain Declares State of Emergency (4:16 p.m. NY)Spaniards’ freedom of movement will be significantly limited for the next 15 days under the state of emergency declared by Prime Minister Pedro Sanchez.The Spanish government will take full control of administration nationwide, Sanchez said in an address. People will only be allowed to leave their houses in specific circumstances, he said.GOP Chairwoman Tested for Virus (4:10 p.m. NY)Ronna Romney McDaniel, chairwoman of the Republican National Committee, has been tested for the coronavirus after experiencing fever and flu-like symptoms.“She went to her local hospital in Michigan for treatment,” RNC communications director Michael Ahrens said in a statement posted on Twitter.McDaniel has blaming Democrats for using the virus as a way to spread panic and undermine President Trump.France Closes Cafes, Restaurants, Shops (3:55 p.m. NY)France is shuttering restaurants, cafes and shops deemed non-essential, following in the footsteps of neighboring Italy to curb the new coronavirus’s spread.“Too many people still go to cafes and restaurants,” French Prime Minister Edouard Philippe said at a press conference in Paris on Saturday. Philipe “We must show more discipline.”At least 4,500 people in France have contracted the virus, double from 72 hours ago.Canadians Warned Over Travel Abroad (3:50 p.m. NY)Canadians are being urged to avoid non-essential travel. “New restrictions may be imposed with little warning.” Global Affairs Canada posted on its travel advisory website. “Your travel plans may be severely disrupted and you may be forced to remain outside of Canada longer than expected.”Norway Closes Airport, Borders (2:07 p.m. NY)Norway will shut all airports, ports and border crossings, calling in the army to help enforce what appears to be the nation’s closure to the outside world, Prime Minister Erna Solberg announced.The nation may also seek infection control gear from China.Countries around Europe, from Spain to Russia, are announcing measures to restrict the movement of people both inside and outside their nations.FDA Clears Druggists to Make Sanitizer (2:15 p.m. NY)The Food and Drug Administration is encouraging licensed pharmacists and physicians to make their own batches of hand sanitizer to combat widespread shortages. The agency is worried that home-made concoctions are not as safe to use as what pharmacists and doctors could make, using high-quality ingredients and at least 60% alcohol.Hand sanitizer has mostly disappeared from physical stores around the nation as well as from most on-line retailers.Alitalia Makes Face Masks Mandatory on Board (1:20 p.m. NY)Alitalia said it will immediately require all passengers to wear facial masks onboard flights. The masks must be provided by the passengers themselves, a difficulty given the shortage in Italy, the epicenter of the coronavirus outside of China.The locked-down nation announced another 175 deaths on Saturday, for a total of 1,441 dead. The total cases rose to 21,157.Medical Experts Say NYC Hospitals Unprepared (1:35 p.m. NY)New York City’s hospitals, among the best in the world, may still not be ready for the coronavirus outbreak, according to many health care experts.“We are not prepared to deal with a rapid and severe surge of patients — we’re just not,” said Christopher M. Tedeschi, a longtime emergency physician and assistant professor at the Columbia University Medical Center.New York City reported its first coronavirus death, an 82-year-old woman with respiratory illness, Governor Andrew M. Cuomo said.Trump Takes Test; Bans Travel (12:53 p.m. NY)President Donald Trump said he took a coronavirus test and noted travel will be banned from the U.K. and Ireland. The rest of Europe falls under an essential no-entry policy announced last week.Trump said he took the virus test on Friday night, and had his temperature taken early Saturday before appearing at a White House news conference. His temperature was “totally normal,” he said as he left the briefing room.He said he expects results back in “a day or two.”The U.S. added Great Britain and Ireland to its current international travel ban, effective late Monday. U.S. citizens flying home will still be able to enter, but will be checked at one of 13 airports, and if they show symptoms of the virus will be asked to self-quarantine for 14 days, Vice President Mike Pence said.White House Checks Temperatures (12 p.m. NY)The White House is now checking the temperatures of anyone coming in close contact with President Donald Trump and Vice President Mike Pence, a deputy press secretary said.The moves are being made “out of an abundance of caution,” Judd Deere said in an emailed statement.Trump on Friday said he “most likely” will be tested “fairly soon” after a Mar-a-Lago meeting last weekend with several people — including members of an official delegation from Brazil — who later fell ill.Belgium Warns Against Travel (11:53 a.m. NY)Belgium is telling citizens not to travel abroad and warned that the risk of being stranded is “very high.” The foreign ministry said it can’t guarantee travelers will be able to return home as countries around the world start to close borders.French Minister Tests Positive (11:57 a.m. NY)Brune Poirson, France’s junior environment minster, tested positive for the coronavirus, AFP reported, citing the minister’s office.Casinos Close (11:42 a.m. NY)Casinos in Massachusetts and Illinois are closing for at least two weeks in response to the outbreak. In Portugal, casino operator Estoril Sol SGPS SA said it would shut its three properties.Swiss Consider Drive-Through Tests (11:26 a.m. NY)Switzerland is looking into drive-through tests, an approach already used in other countries, Interior Minister Alain Berset said in a radio interview.U.K. Deaths Double (11:20 a.m. NY)The number of U.K. deaths from the outbreak rose by 10 in the past 24 hours to a total of 21. The number of confirmed cases rose to 1,140 on Saturday, from 798 the day before.British Prime Minister Boris Johnson is considering a ban on large public gatherings, which could come into force next weekend, an official said. He is under pressure from some medics and politicians to take a more aggressive approach to fighting the virus.New York Cases Rise (10:35 am. NY)New York reported 100 new cases, pushing the total to 524, and Governor Andrew Cuomo said accelerated testing will lead to a rapid rise in total infections. An 82-year-old woman with a respiratory illness died in New York City, the state’s first Covid-19 fatality.A drive-through testing facility in New Rochelle worked “very well” and another center will open on Long Island next week, Coumo said.Spain’s Lockdown (10:27 a.m. NY)The lockdown will be implemented from Monday morning and mean Spaniards can only leave their homes under limited circumstances, like going to work or buying groceries, El Mundo said, citing a draft decree that the cabinet of Prime Minister Pedro Sanchez is set to approve on Saturday.The lockdown was already being implemented in terms of travel to Spain, the Telegraph newspaper reported. Some planes on their way to vacation spots in the country were forced to turn back mid-flight on Saturday and Jet2 airlines has now canceled its flights to Spain, the newspaper reported.Ferrari Suspends Production (9:21 a.m. NY)The Italian supercar maker will suspend production at the Maranello and Modena plants until March 27, according to people familiar with the matter.The decision follows a similar move by Volkswagen AG’s Lamborghini, which suspended production in Italy until March 25. Production at a Renault-Nissan plant in Barcelona has also been stopped because of supply-chain disruptions.Berlin Suspends Jail Time (9:21 a.m. NY)Berlin is suspending some imprisonments to reduce the risk of coronavirus infection and save medical resources, according to German news agency DPA. Authorities will delay jail time by four months for unpaid fines, DPA said.Middle East Shutdowns (9:10 a.m. NY)Countries across the Middle East shut down schools and tourist attractions.Egypt will close schools and universities for two weeks and Oman’s close for a month, according to reports from state-run media. Abu Dhabi will shut tourist attractions and cultural sites, including a branch of the Louvre museum, until the end of the March.The United Arab Emirates temporarily suspended issuance of all visas, excluding diplomats, according to its official news agency, WAM.In Kuwait, four more people have been infected with the virus, bringing the number cases to 104.France Mulls Air France-KLM Stake (9:19 a.m. NY)The French government is looking at potentially raising its stake in Air France-KLM to help prop up the airline, according Les Echos, which cited people close to the matter. The government is studying a possible capital increase, the newspaper said.A spokesman for the French Finance Minister said the state will help all companies in which it has a stake.Prominent Italians Test Positive (8:02 a.m. NY)Nine players in Italy’s top soccer league, Serie A, tested positive for the coronavirus, according to daily Gazzetta dello Sport. Games have been suspended until at least April 3.Italy’s Health Undersecretary Pierpaolo Sileri has also been confirmed with the illness. He said he’s been in isolation and working remotely since he’s had symptoms.Europe Tightens Borders (7:45 a.m. NY)European countries added border restrictions to curb the spread of the virus across the continent.Russia’s Prime Minister Mikhail Mishustin signed orders Saturday to close the border with Poland and Norway for most foreign citizens from March 15. Switzerland said it would turn away travelers from Italy, deemed a “high-risk country.” Several nations also moved to implement border checks and bar cruise ships from their ports.Greece stopped all flights to and from Italy, the second-worst affected nation after China. Georgia closed its border with Armenia and Azerbaijan. Portugal said cruise ships wouldn’t be able to disembark, as did Montenegro.Europe’s Borders Shut Against Virus as Switzerland Bars ItaliansAustria Readies Crisis Fund (6:47 a.m. NY)Austria is setting aside 4 billion euros ($4.4 billion) in liquidity and subsidies to support the economy against the impact of the coronavirus. The measures will offer liquidity by way of loans and loan guarantees as well as tax deferrals.Jakarta Schools Close (6:34 a.m. NY)Schools in Jakarta will be closed for the next two weeks as the number of cases in Indonesia continues to rise. More than 60 of the total infections were reported in the past two days, with five fatalities.In Malaysia, 41 new infections were reported, the biggest one-day jump so far, to 238.Japan Pledges Economic Support (6:32 a.m. NY)Japanese Prime Minister Shinzo Abe said there is no need to declare a state of emergency over the coronavirus. He pledged to work with the Bank of Japan and introduce further economic measures as needed.\--With assistance from Lynn Thomasson and Marthe Fourcade.To contact Bloomberg News staff for this story: Ian Fisher in New York at ifisher10@bloomberg.netTo contact the editors responsible for this story: Andrew Davis at abdavis@bloomberg.net, Steve GeimannFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Is Deere & Company (NYSE:DE) An Attractive Dividend Stock?
    Simply Wall St.

    Is Deere & Company (NYSE:DE) An Attractive Dividend Stock?

    Dividend paying stocks like Deere & Company (NYSE:DE) tend to be popular with investors, and for good reason - some...

  • Hedge Funds Are Buying Deere & Company (DE)
    Insider Monkey

    Hedge Funds Are Buying Deere & Company (DE)

    Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

  • Investopedia

    Agriculture Investments Could Pay Off in This Market

    Most sectors are under extreme selling pressure. The move lower could present an opportunity for those interested in agriculture stocks.

  • IBD Rating Upgrades: Deere & Company Flashes Improved Relative Price Strength
    Investor's Business Daily

    IBD Rating Upgrades: Deere & Company Flashes Improved Relative Price Strength

    A Relative Strength Rating upgrade for Deere & Company shows improving technical performance. Will it continue?

  • Deere Strong on Farm Income, Construction Segment a Sore Spot

    Deere Strong on Farm Income, Construction Segment a Sore Spot

    Rising U.S farm income will drive demand for Deere's (DE) agricultural equipment while weak activity in the construction sector weighs on the Construction & Forestry segment.

  • ‘The Fed and the authorities need to be a bit more precise’:iQ Capital USA
    Yahoo Finance Video

    ‘The Fed and the authorities need to be a bit more precise’:iQ Capital USA

    Keith Bliss of iQ Capital USA and Barry Knapp, Ironsides Macroeconomics Managing Partner, joins Yahoo Finance’s Alexis Christoforous to discuss what next steps leadership could take amid the coronavirus outbreak.