ZH: Ford to announce 25,000 job cuts – Morgan Stanley

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Zero Hedge writes: “On a day when US and European auto stocks rallied (at the expense of shares of their Chinese competitors) following President Trump’s tweet (since complicated by comments from Kudlow and Mnuchin) that China might soon agree to reverse its tariffs on US-made cars, Morgan Stanley has published a report that further justifies the short-term bull case for autos while possibly infuriating President Trump.”