The auto industry was a particulardrag on the market today. Gas prices are taking a toll on the auto makers. Ford announced it’s delaying the introduction of its new F150 pickup by two months and cutting overall production for the rest of the year. But all the American automakers are having problems - big problems and Betsy Stark is here. Betsy?
Charlie, the outlook for the nation’s big car companies has gone from bad to worse. 2007 was terrible for Ford. But today the company said it expects to lose even more money in 2008. And 2009, the year it was supposed to be profitable again, the company now says it will be hard just to break even.
Filling up the tank of a Ford F150, the best selling vehicle in America for the last 25 years, now sets you back $110. (The Ford F150 Super Coupe. Built Ford tough.) Little wonder Americans are abandoning the gas guzzler in droves. "The bottom has fallen out of the sales on the biggest vehicles." As recently as 2004, Ford sold 930,000 F150s. This year, analysts say it will be lucky to sell 500,000.
They now expect overall June car sales to be the worst in sixteen years. That dire forecast explains why Ford is cutting production of trucks and SUVs and why investors are cutting their stakes in the car companies. In the last two months GM shares have fallen more than 35 percent. Shares of Ford have dropped 25 percent - a combined loss of more than nine billion dollars in value.
And today, news that their credit ratings are at risk of being slashed. The auto industry’s latest woes only deepened the despair on Wall Street today. Investors, worried about another increase in the price of oil, simmering tensions in the Middle East, and forecasts of more losses ahead for the nation’s banks, greeted the news as another excuse to sell.
After the market closed, we got another sign of how much pressure the airline industry is under. United announced it is raising nearly all domestic fares starting in October and will require overnight stays for the lowest fares - a blow to business travelers who like to make quick round trips. Alright, Betsy Stark reporting tonight. Thanks.
※ stake : (종종 ~s) 내기에 건 돈, 내기, 이해 관계, <돈 생명 등을> 걸다 * at stake : 내기에 걸린 , 위태로운 (= at risk), 문제가 되어 ex. My honor is at stake. 내 명예에 관한 문제이다 . ex. stake money on a horse race 경마에 돈을 걸다 * have a stake in (doing) something: ~ 에 이해 관계가 있다 ex. He has a huge stake in making the peace process work. * high stakes (=a lot that could be won or lost): ex. With such high stakes, the atmosphere was tense. ex. Stakes are high. 위험이 크다 (또한 그만큼 이익도 클 수 있음)
particular : 특정한, 각별한(especially great: SPECIAL), 특별한, 두드러진, 까다로운[never before noun] (= picky, anal) ex. Two matters need to be given particular attention. 각별한 주의 * be particular about[over, as to] ~에 까다롭게 굴다 ex. She's very particular about what she eats. ex. I'm not particular. 나는 까다로운 사람이 아니다. drag : <무거운 것을> 끌다, 질질 끌리다, (…의) 방해물[자], 장 애물, 거치적거리는 것, 항력 (抗力), (남자가 하는) 여자 복장, (여자가 하 는) 남자 복장 * a drag on one's career 출세의 장애물 . ex. His brother is a drag on[to] him. 그의 동생은 늘 그의 짐이 되고 있다. * drag on : 지리하게 계속되다, 질질 오래끌다 /to continue for longer than you want or think is necessary ex. Some cases drag on for years. * drag out : 질질끌다 / to make something continue for longer than necessary ex. They dragged the meeting out endlessly. ex. I couldn't believe they were guys in drag. They looked so feminine! toll : [보통 단수형] (사고.재해 등의) 희생, 대 가, 손해, 사상자수, 사용세, 요금, 고속 도로 통행료 * take its/their/a toll on~ : ~ 에 피해를 주다 / If something takes its/their/a toll, it causes suffering, deaths or damage. ex. The problems of the past few months have taken their toll on her health. ex. The deepening recession has also taken its toll in the south of the country, where unemployment is rife. * a death toll 사망자수 ex. The disease took a heavy toll of lives. 그 병으 로 많은 사람이 죽었다. outlook : 조망, 경치, 예측, 전망, 견해, 견지 ex. an outlook on[over] the sea 바다의 경관 go from bad to worse : 악화되다 break even : 손익이 없게 되다, 본전치기이다, 피장파장이 되다 ex. What do we need to charge to break even? 손익분기점을 맞추려면 얼마를 받아야 하죠? ex. I barely managed to break even. 간신히 본전치기했어요. setback : 좌절시키다, 퇴보시키다, 저지하다 (to delay the progress of someone or something ), ~에게 비용이 <얼마> 들게하다 ex. The spending cuts have set the research project back several years. ex. It has set us back in so many respects that I'm not sure how long it will take for us to catch up. ex. The house set them back $200,000. 그 집은 20만불이 들었다. abandon : <사람.사상따위을> (저) 버리 다 (leave someone or stop supporting an idea), <집이나 장소를> 버 리다 (leave a place), ~ 을 어떤 장소에 버리다, 유기하다 (leave something somewhere), <계획 습관 등을> 그만두다, 단념하다, 포기 하다 (stop doing/planning something) ex. I'm sorry I abandoned you like that. /ex. The settlements were abandoned in the 19th century. 사람 들은 그 정착촌들에서 떠났다. ex. Most of the villagers have abandoned their homes and fled. / ex. The stolen car was abandoned only five miles away. / ex. After 20 lessons I finally abandoned my attempt to learn to drive. guzzle : 폭음하다, 게걸스럽게 먹다, (술을) 꿀꺽꿀꺽 마시다 drove : (소·돼지·양의) 떼지 어 가는 무리, (droves [plural])large numbers of people * in droves: 떼를 지어, 함께 몰려 ex. People came in droves to see the show. the bottom falls/drops out of something : used for saying that something stops being successful or stops making money, often because people stop buying a product ex. Analysts are warning that the bottom could soon fall out of the market. dire : 무서운, 무시무시한, 끔직한, 비참한, 불 길한 / 1. very severe or serious 2. saying that something very bad is going to happen ex. a dire prediction 비관적 예측 / ex. a dire accident 끔찍한 사고 stake : (종종 ~s) 내기에 건 돈, 내기, 이해 관 계, <돈 생명 등을> 걸다 [메모참고] share : 주식, 주권 credit rating : 신용 등급 * a credit rating agency 신용 조사 기관. slash : ~ 을 깊이 베다 (gash), 〔예산 ·급료 따위〕를 깎다, 크게 삭감하다 ex. Our budget has been slashed. 예산이 (대폭) 삭감되었다. woe : 비애, 비통, 괴로움 (distress), [보통 pl.] 불행, 재난, 재앙, 화 ex. financial woes 재정상의 어려움 deepen : ~을 깊게 하다[되다], 심화시 키다[되다], 심각하게 하다[되다] ex. deepen one’s understanding of other cultures 다른 (나라) 문화에 대한 이해를 깊게 하다 despair : 절망 simmer : (약한 불에) 부글부글 끓(이)다, 지 글지글 끓(이)다 * simmer down 식어 가다, 조용해지다, 흥분이 가라앉다 / to become calm after being excited or angry blow : 바람이 불다, ~을 불다, 폭파하 다, 타격, ~ 을 잘못하다, 실패하다, (계획, 호기 따위) 를 놓치다 ex. I've completely blown my diet with that piece of chocolate cake. * deal/deliver a blow : 타격을 가하다 ex. She delivered a heavy blow to his stomach. round trip : 왕복여행 * round-trip : 왕복 여행의 / * round-trip ticket 왕복 승차권