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Trade War - SERIES 68 {13 articles}

Chinese soy buyers tour U.S. farm as trade war drags on


A delegation of Chinese soybean importers toured a Missouri farm on Tuesday, climbing one-by-one into the cab of a John Deere combine before loading into a bus for a quick drive to a nearby soybean field to eye nearly ripe soy plants. ✔ Even small deals for U.S. soybeans to China may be elusive during this week’s gathering ✔ This week it will be very difficult to finalize any business, but we can talk the market and exchange views on the market, said a Chinese buyer for a top-five crusher in the country ✔ Our Standards:The Thomson Reuters Trust Principles

Jack Daniel's maker is planning to raise prices because of tariffs


The trade war is coming for American bourbon. ✔ Chief Operating Officer Lawson Whiting explained that in the past few months, the company was able to offset much of the tariff burden with extra profit from the new tax law ✔ Notably, cars could end up costing thousands of dollars more than they do now

It's time for investors to go on the defensive


Liz Ann Sonders, chief investment strategist at Charles Schwab, thinks investors are too complacent. ✔ Investment strategist: Economic cycle entering late phases Investors can't afford to be complacent ✔ Escalating trade tensions could slow the market, she said ✔ Hosted by CNNMoney editor-at-large Richard Quest and others, the 15-minute program features incisive commentary from experts

Small Stocks Hang On to Big Gains, for Now


Soaring profits at smaller publicly traded companies are driving the Russell 2000 to new records as investors bet U.S. economic strength will boost smaller companies while trade frictions hit their multinational counterparts. ✔ For now, investors are betting that the tit-for-tat trade spat between Washington and Beijing and other allies will continue to have a bigger impact on multinational companies that get revenue from overseas, compared with smaller companies ✔ The S&P 600 index is trading at about 18.3 times forward earnings, a peak for the year

China's top 2 brewers toast strong first-half earnings


Brisk sales of high-margin premium beers offset slow overall growth ✔ Though sales volume fell, sales of premium brands like Globe Trekker, released this spring, drove the overall results ✔ CR Beer and Dutch brewer Heineken will merge their Chinese operations ✔ The industry may be derailed from its first production increase in five years as brewers focus on quality over quantity to survive

Tech rally helps push Wall Street deeper into record territory


undefined ✔ Sentiment appears to be buoyed by a trade agreement between Mexico and the US, which has driven speculation that the trade war could simmer down even though Canada’s participation in the Nafta revamp remains uncertain ✔ The bond market is trading at levels consistent with an imminent recession, he said

Jack Daniel’s maker Brown-Forman cuts earnings guidance on tariffs


undefined ✔ Lawson Whiting, the company’s chief operating officer and incoming chief executive, said in a statement: There remains significant uncertainty around the duration of recently enacted tariffs, but we have been encouraged by the resilience of our business model as we are working to minimise short-term disruption and maintain our top-line momentum

Corporate earnings climb 7.7%, reflecting tax windfall and strong economy


The gain was the most since 2014 and is reflected in the stock market's record highs and a spree of share buybacks. Businesses are also putting the cash to use, boosting spending on equipment, structures and other nonresidential fixed investment. ✔ That’s the takeaway from corporate America’s second-quarter earnings ✔ estimating that companies in the S&P 500 index will authorize $1 trillion in stock buybacks in 2018, a record and a 46% jump from last year ✔ The big question is whether companies continue to be as enthusiastic about investing and employment, given the headwinds from a trade war and a fading benefit from the tax stimulus

Jim Paulsen: 4% economic growth for much longer might actually be a negative for stocks


The best quarterly economic growth in four years may be "too good" and lead to an eventual market drag, the Leuthold strategist says. ✔ President Donald Trump has made boosting the economy a cornerstone of his time in the White House and a benchmark of success for his economic policies, including corporate tax cuts and business deregulation but also a trade war with China and trade skirmishes with U.S. allies

Six months after the last big move, traders are getting ready for another round of volatility soon


Traders are anticipating that the relative calm that has pervaded the market throughout the summer is about to come to an abrupt end. ✔ It's not exactly February-style volatility, where the VIX peaked out near 40, but it does represent a substantial change in conditions ✔ In all, Bianco predicts a 5 percent to 9 percent downturn for the S&P 500, but worse than that is also a possibility given the uncertainties

U.S. second-quarter GDP growth raised to 4.2 percent


U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration's goal of 3 percent annual growth. ✔ WASHINGTON (Reuters) - U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration’s goal of 3 percent annual growth ✔ Stocks on Wall Street were trading higher, with the S&P 500 .SPX hitting a record high ✔ The dollar .DXY was little changed against a basket of currencies while prices of U.S. Treasuries mostly fell ✔ Our Standards:The Thomson Reuters Trust Principles

Trump keeps threatening tech companies, but he’s terrible at following through


The Trump administration has gone up against tech companies with harsh immigration limits and erratic trade policy. But his recent tirade against Google’s search results is a less-than-credible threat. ✔ Photo by Chip Somodevilla/Getty Images Yesterday, President Donald Trump tweeted that Google search was artificially promoting left-wing media writing negative stories about him ✔ Facebook has come under fire from other sources, as conservative politicians have repeatedly accused the company of censoring or artificially deflating traffic to conservative pages, although those claims are often tenuous

Canada stunned and worried about Trump trade threats


TORONTO (AP) — It started with President Donald Trump's attacks on Canadian dairy farmers. Then Washington slapped tariffs on Canadian steel, citing national security. There was t ✔ Now it's a new North American free trade agreement that excludes America's northern neighbor ✔ Perhaps the clearest indicator that the market is viewing the U.S.-Mexico deal as a positive for Canada is the strengthening of the Canadian dollar, Porter said ✔ We continue to be optimistic about the progress that we can make this week, she says

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