Trade War - SERIES 63 {10 articles}

Trump trade war: Could U.S.-Mexico deal signal more stock gains?

Wall Street cheers U.S.-Mexico trade deal, view agreement as step in right direction in global tariff fight. ✔ The start of the televised phone call with Mexico's president Monday announcing a major trade agreement got off to an awkward start ✔ It’s worth remembering that every trade deal is different, Craig Erlam, senior market analyst at currency trading firm OANDA, told USA TODAY

China and US come to aid of industries hit by trade war

Washington to pay $4.7 billion in assistance to affected farmers ✔ Beijing, meanwhile, is supporting companies through greater lending ✔ There will be six days of public hearings for affected industries and organizations, raising businesses' hopes that Trump will reconsider ✔ Similar policies will not be able to offset the impact if the trade war intensifies

Global stocks soar on US-Mexico trade breakthrough as Canada is sidelined

Stock markets hit six-month high as trade war fears recede, with Steve Mnuchin saying: ‘Our objective is to get Canada on board quickly’ ✔ Wilbur Ross, the US commerce secretary, confirmed on Tuesday that the Trump administration is fully prepared to go ahead with or without Canada in ripping up Nafta and warned that Canada’s economy can’t survive well without a US deal ✔ In announcing the deal on Monday, Trump said: With Canada, frankly, the easiest thing we can do is to impose a tariff on their cars coming in

Mitsubishi Electric moves machine tool production out of China

US-bound devices now made in Japan to avoid additional tariffs ✔ Mitsubishi Electric will move production for markets other than the U.S. out of Japan ✔ But they are feeling indirect pressure from the trade war, with manufacturers less willing to invest in new machinery, for instance ✔ Komatsu plans to relocate output of certain parts for American-built hydraulic excavators from China to Japan and Mexico

Trump To Japanese Prime Minister For Some Reason: 'I Remember Pearl Harbor'

“I’m on to the Japanese,” Trump reportedly told Shinzo Abe at a meeting this summer. ✔ And you can’t say that about a lot of the world leaders, a U.S. official told the publication ✔ The escalating trade war and Trump’s relationship with North Korea have continued to be points of contention between the two countries ✔ There is no change in our basic recognition about the threat of North Korea’s nuclear weapons and missiles

Wall Street hovers near record high

undefined ✔ The bilateral deal helped allay some trade war fears and helped boost stocks ✔ The dollar also came under pressure from a speech by Fed chair Jay Powell at a symposium of central bankers in Jackson Hole, Wyoming, on Friday, which was largely interpreted as dovish

Trump freezing Canada out in NAFTA negotiations is 'straight from the Art of the Deal' | Markets Insider

undefined ✔ Hugo Perezcano Diaz, former head of international trade for the Ministry of Economy in the Mexican government, told Business Insider in early August he thought a NAFTA deal could be reached in coming months but games the president is known to play seemed to keep optimism at bay

Intraday Update: Stocks Stall Out Waiting for Canada

The higher the peak, the harder the climb. So stocks were expected to take a breather after making fresh records. ✔ Meanwhile, the Dow Jones Industrial Average was treading water ✔ No deal could lower the probability that the central bank of Canada hikes rates next week ✔ Qualcomm (QCOM) was up 3.1% to $69.44 after it announced preliminary results of its modified Dutch auction

Analysis | Trump: Diplomatic snake-oil salesman

Trump's over-the-top claims won't cease. ✔ But Trump and the U.S. Trade Representative Robert Lighthizer say they’re moving ahead regardless, which doesn’t appear possible ✔ But the path laid out by Trump doesn’t appear to be a viable one, and like his previous, self-proclaimed diplomatic coups, it falls apart almost instantly upon further inspection

U.S. consumer confidence races to near 18-year high

U.S. consumer confidence surged to near an 18-year high in August, as households remained upbeat on the labor market, pointing to strong consumer spending that should help to sustain the economy for the remainder of the year. ✔ Stocks on Wall Street were trading flat a day after the United States and Mexico reached an agreement on an overhaul of the North American Free Trade Agreement (NAFTA) ✔ The dollar .DXY slipped to a four-week low against a basket of currencies ✔ Our Standards:The Thomson Reuters Trust Principles

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Disasters - SERIES 191 {12 articles}

Storms dump record rain in Oklahoma and cause death in Texas 9/23/2018, 1:30:42 AM DALLAS (AP) — A storm system dumped record amounts of rain in parts of Oklahoma and caused flooding in Texas, including in the Dallas area, where floodwaters swept a man from a br ✔ The weather service has said a zone of low-pressure over West Texas, tropical moisture off the Gulf of Mexico and an approaching cold front combined to produce the heavy rain that was moving into Arkansas, prompting flash flood watches until Sunday morning National park in Hawaii reopens more than four months after volcanic eruption - Los Angeles Times 9/23/2018, 12:11:02 AM A national park in Hawaii has reopened after being closed for more than four months because of Kilauea volcano's latest eruption, which caused widespread damage to park infrastructure and dramatically changed its landscape. ✔ The crater looks completely different, Johanson said ✔ And from there, they can see down into the cr...

Autos - SERIES 22 {10 articles}

Apple patents intelligent car seat that 'hugs' drivers to keep them safe Apple has patented a shape-shifting car seat that protects drivers by giving them a "hug" and vibrates to warn them of dangers on the road ahead. ✔ Apple has patented a shape-shifting car seat that protects drivers by giving them a hug and vibrates to warn them of dangers on the road ahead ✔ The iPhone maker secured a patent this week for an intelligent seating system, called Haptic Feedback for Dynamic Seating System ✔ It offers a rare glimpse into Apple's closely-guarded self-driving car project, named Project Titan Chinese Tesla rival NIO plans US float that would value it at $8bn Chinese electric car maker NIO expects to land a valuation of more than $8bn (£6. ✔ Chinese electric car maker NIO expects to land a valuation of more than $8bn (£6.2bn) when it lists in New York, shrugging off concerns over slowing growth in the country and weak investor sentiment ✔ It began deliver...

Disasters - SERIES 356 {26 articles}

Yellowstone volcano eruption: When are scientists predicting next Yellowstone eruption? 10/23/2018, 11:57:17 AM YELLOWSTONE volcano is one of the most dynamic sites on earth and speculation the volcano could explode some time soon was sparked after a dormant Yellowstone Geyser recently erupted. When are scientists predicting the next Yellowstone eruption? ✔ Three eruptions at Yellowstone appear to have occurred on a 600,000 to 700,000 year cycle starting 2.1 million years ago ✔ So far in 2018, Steamboat has erupted 23 times, the latest being October 15 ✔ Steamboat Geyser can scatter water and steam 300 to 400 feet up in the air ✔ Millions of people would be killed, along with plants and animals dying and buildings being crushed Hurricane Willa map: Hurricane path shows DIRECT SMASH on Mexico and heading for Texas 10/23/2018, 8:33:45 AM HURRICANE Willa is tracking straight towards Mexico and even heading towards Texas after the barrelling storm went from a tropical storm to ...

War Countries - SERIES 396 {17 articles}

Top Obama-era officials urge immediate end to U.S. involvement in Yemen war 11/11/2018, 2:49:45 PM More than two dozen former officials acknowledge their role in steering the United States into the conflict but say the Trump administration has “doubled down.” ✔ By Missy Ryan Missy Ryan Reporter covering the Pentagon, military issues and national security Email Bio Follow November 11 at 9:30 AM Top Obama administration officials have drafted a letter acknowledging their responsibility for initiating U.S. involvement in Yemen’s destructive civil war and calling for the Trump administration to halt America’s role in the conflict ✔ Lawmakers from both parties have expressed mounting frustration with Saudi Arabia over its conduct of the war and, more recently, its role in the killing of Washington Post contributing columnist Jamal Khashoggi Bangladesh opposition parties including BNP to contest election 11/11/2018, 2:03:58 PM An alliance of opposition ...

Trade War - SERIES 269 {15 articles}

Trade war headwind blows into China's face 10/19/2018, 10:23:44 PM GDP growth slows to decade low as production and investment shrivel ✔ The trade war is decreasing Chinese production of mainstay products like smartphones and robots while making companies think twice about investing in the country ✔ The factory is mostly closed and no workers are here, the court-appointed administrator of Shandong Yongtai Group, a tiremaker that went bankrupt in August, said last month at its main factory ✔ Notably, growth dropped 0.2 percentage point from the April-June period China's economic growth slows to its lowest pace since early 2009 - Los Angeles Times 10/19/2018, 5:10:27 PM China's economy is growing at the slowest pace since the depths of the financial crisis, according to official data that heightens pressure on the leaders in Beijing navigating a trade dispute with the United States. And that doesn't even include trade-war effects, many economists say. ✔ The sl...

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