Chapter 209: Violent Move, Direct KO!
If the U.S. power grid fails in one state, it can easily hurt other regions.
There have also been widespread power outages in the United States before, the most serious of which was a short circuit caused by a solar storm more than a decade ago. However, it is the first time in U.S. history that a nationwide blackout has occurred without a natural disaster.
In a developed country, a minute of power outage can cause significant economic losses, and even if the U.S. government delays such a major event, it will be resolved and the cause will be found in the shortest possible time.
After Link rushed to the hospital for surgery and returned to the hotel, the initial cause of the power outage had been discovered. His presidential suite has been cleaned up, and some appliances that were burned by a short circuit have been replaced. When they turned on the TV, the news was playing the news of the widespread power outage.
"This outage has affected 36 states in the East and Central, affecting more than 50 million families. Preliminary investigations revealed that the accident was caused by a short circuit in the substation of a nuclear power plant in New Jersey. The substation was replaced with substation equipment four years ago. Built by General Electric. Engineers at the nuclear power plant, who spoke on condition of anonymity, said that the equipment at the substation is also made of GE products. In addition to the damage to the substation, the coil insulation in one of the plant's generating units has also been melted, but the nuclear reactor has been safely shut down, and the possibility of a second accident is extremely low. ”
Link was shirtless, with only a loop of gauze around his waist. It was one of the most serious wounds he had, a piece of plastic that had been an inch long and an inch and a half into his back. Such wounds need to be stitched up. However, in addition to this wound, there are ten other small wounds on his back. Those wounds are not deep or serious, but they need to be carefully disinfected.
Looking at the wounds on his body, Jessica was distressed and afraid. If it weren't for the fact that he was right between the phone and her, she might have been injured head-on.
She dipped in potion to help Link wipe his wound while watching TV. Seeing this news, she said hatefully: "It's GE again!"
Link was shocked when he saw the news. His injury this time can be said to have fallen into a big blood mold. Could it be that his bad luck this time did not drag down the stock market, but directly affected the entire United States.
However, Jessica's gloating words made it clear that this was affecting all those who held GE shares from the outside.
Jessica said, "They deserve their bad luck." If something goes wrong with their product, look at how they sell their stocks. ”
Link thought to himself, isn't it? If a company's products are questioned, sales are going to fall.
It wasn't until he arrived at the hotel that Fren learned that Link was injured. The stock exchange was forced to close today because of a power outage, which disrupted his plans. He had to deploy the next step in the company.
When he heard that Link was injured by his phone, he couldn't help asking, "Is your phone Samsung?"
He hadn't called Link before, just thinking it was because of a power outage. Unexpectedly, his mobile phone turned into pieces.
Link shook his head and said, "Chinese goods, it seems to be called China!" Although there are still mobile phone brands in the United States. But many of them are actually produced in factories in poor countries. Today's Chinese mobile phones are not much worse than those of local American brands. At best, it's conceptually inferior. But he was used to cheap goods before, and then he felt that the brand he used before was still easy to use, so he bought a more high-end one.
Fren was speechless. "I've heard that a lot of mobile phones have blown up," he said. Quite a few are Samsung's. But there are apples too. It is said that it is caused by the current increasing too quickly in a short period of time. ”
Link smiled wryly: "It looks like the court has to be busy again." "Americans eat with their mouths burning to the skin, and they can also claim millions of dollars from restaurants. Not to mention anything.
"You can definitely sue. But I just don't know if it's a power company or a mobile phone manufacturer. Flon said with a smile. Link was seriously injured, and he was hit by the sound of explosions at close range. It's easy to get a mental loss or something. "Maybe you can tell the hotel. ”
Link thought for a moment, took a sip of water, and said, "Let's see who is responsible for this in the end." ”
"Speaking of responsibility. Fren sat up straight. "Now some people say that there is a problem with the quality of GE's substation products. This widespread power outage was caused by the hidden dangers of their products. ”
"The TV said that there was a problem with the substation of only one power station. ”
"At least half of the stators of the wind turbines they produce and install are burned out. And the substations that used their equipment burned out only at least three hundred. ”
Link's eyes widened slightly: "Can the news be confirmed?"
"Not yet. Fren knew what Link was thinking, and he shook his head. "It's not certain yet. But some people say so. ”
Link certainly hopes that's true. But before the news is confirmed, he does not dare to be blindly optimistic.
At least 43% of the newly installed wind turbines in the United States over the years have been made by GE. If that news is true, then the U.S. investment in wind power development over the years has been quite wasted. At least 20% of the units burned out, which is a lot of losses. And then there's those substations.
He saw the excitement in Fren's eyes, so he smiled and said, "You want to continue?"
Furren didn't deny it either, saying, "Yes. The share price is sure to plummet. But we also need cameras to act. Maybe someone will wash the floor, or someone will help them hold it up. I'm going to borrow some more shares, though. ”
Link nodded thoughtfully and said, "Maybe there will be electricity tomorrow." ”
"It should work. The number of generator sets burned by the current can be significant. But I think it's mainly wind turbines. The total capacity of those units will also not account for much of the electricity in the United States. ”
"Didn't you say that the substation also burned down a lot?"
"So it's up to us to see if we can have electricity tonight. If not, it's the end of GE. ”
Link felt that if a few small wounds on his back could be exchanged for GE's collapse, it would not be worth it anymore.
However, at around 7 p.m., power was restored to most of New York. The news also reports that the states without power will have most of their power restored by 12 p.m. tonight.
That disappointed Link slightly. However, the news also reported: "According to statistics, a total of 4,300 large and small substations across the country have short circuits, and at least one-third of them need to replace core equipment." According to North American Power Grid executives, it will take at least half a year to fully recover, during which time affected states may need to limit electricity consumption to households to meet economic needs. In addition, according to people who did not want to be identified, the vast majority of the damaged transformers were GE products. ”
When Jessica heard the news, she was in a happy mood: "You deserve it!" she said happily. "Thankfully, it's not summer. Otherwise, I don't know how many old people will suffer. ”
Every year, many people in the United States are killed by heat because they can't afford to pay their electricity bills, or they don't have money to pay their heating bills.
Many places in the United States can reach 40 degrees Celsius during the hottest hours. No air conditioning, dead heat, definitely no joke. The elderly and children are the most vulnerable.
When Link saw the news, he felt that it should be stable.
At the opening of the market the next day, Flon did not need to say anything, and directly placed a sell order on the newly borrowed stock at a price of $43 directly in the call auction.
The last coming out closing price was $47. In Furren's view, it was GE in its dying throes.
Sure enough, as soon as the market opened, there were more than 2 million sell orders. And new sell orders are still being placed. Most of the sell orders are less than 50 lots. That's obviously some retail investors.
The power of a single retail investor is, of course, unlikely to influence the direction of the stock market. But they hit it in one direction, and the dealers were not able to resist it.
That's what GE stock is like now. Since the opening of the market, it has been going down, as if it will not give up until it is explored.
The skill "Let's be unlucky together" has expired by the time the market opens today. He is now the luckiest human again. And he doesn't need to think about how to affect GE stock. On weekdays, he might go shopping with Jessica.
But now, even if he wanted to, Jessica wouldn't agree. He's still injured! Jessica even went for a walk with him in the morning and evening.
So Link spent three days in the hotel and half of the emperor's life. In terms of eating, Jessica asked the doctor and ordered the dishes that Link likes to eat, or the ones that are most helpful for wound recovery. Anyway, Jessica almost didn't feed him herself.
When taking a shower, Link can't shower. Jessica helped him put hot water and then helped him carefully wipe his back. After that, I carefully helped him with medicine.
The last time he came to reach for food and open his mouth was the short time when he was most severely concussed. He didn't expect this small injury to allow him to enjoy the treatment of a seriously ill patient again.
Now that he doesn't talk about boxing, Jessica resolutely refuses to do the exercises that should be done when the lights go out. He had to surf the Internet every day. But there is nothing good to see on the Internet.
Seeing that he was distressed, Jessica grinned and looked for some of the famous lectures that the university had announced.
Those things don't require too much esoteric expertise, and Link doesn't need to scratch his head when he listens, but he can accept some new perspectives and new knowledge.
Link sounds really good. Regardless of what those celebrities say, he agrees with it or not. But as long as you listen carefully and think carefully, you can always get something that belongs to you.
So he watched the celebrity lectures for five days in a row. Every now and then he is currently interested in a professional forum for wine.
In these five days, on the first trading day after returning from the weekend, GE's stock price has completely lost support. Because after a few days of investigation. North American power grids have finally made their findings public.
It turned out that the transformer of a substation near the New York financial district had been degraded due to years of high temperatures, and the two copper wires were glued together.
"If there is no external force, the transformer can work normally. But it's a pity. It may have been a short circuit in a home line, which caused the thin aging insulating paint between the two copper wires to break down, causing a short circuit. The result was a massive power outage. Because there are many ...... of the same type of transformer"