Trade-war risks ramp up for stocks as companies start curtailing investment
9/13/2018, 5:40:33 PMThe threat of an escalating trade war with major partners is the biggest risk facing U.S. stocks and could become a major drag on earnings in 2019, according to JP Morgan. ✔ through July 9 noted that manufacturers in all 12 Fed districts expressed concern about the impact of tariffs, with many reporting higher prices and supply disruptions as a result of new trade policies ✔ We Want to Hear from You Join the conversation Comment
Trump confirms new talks in U.S.-China trade war, but makes new threat against Beijing
9/13/2018, 5:04:07 PMWhite House had offered to reopen talks amid calls from U.S. companies for tariff relief, but Trump says he is ready to impose more penalties on Beijing ✔ We will soon be taking Billions in Tariffs & making products at home ✔ And a solution will require some tough choices, especially on the part of China ✔ Mnuchin and Kudlow, meanwhile, have pushed for more dialogue, worried about the potential impact on the economy if the existing standoff worsens
Dozens of retailers testified about how Trump's trade war with China could impact them - here's what they said
9/13/2018, 6:48:32 PMHundreds of company and industry representatives testified before trade officials in Washington last month about how the next round of duties could affect them. Here's what some individuals from the retail and distribution industries had to say. ✔ The Trump administration has threatened to place tariffs on all Chinese products entering the country ✔ - Anthony Ciepiel 4/ U.S. Commerce Secretary Wilbur Ross, second from left, and Chinese Vice Premier Liu He, fourth right, attend a meeting at the Diaoyutai State Guesthouse in Beijing
Dozens of retailers testified about how Trump's trade war with China could impact them - here's what they said | Markets Insider
9/13/2018, 7:01:58 PMundefined ✔ AP Photo/ Evan Vucci The Trump administration has threatened to place tariffs on all Chinese products entering the country ✔ - Anthony Ciepiel AP Photo/Andy Wong, Pool SOG Specialty Knives & Tools Lynwood, Washington The [a]dministrative motivations are understandable
'It's a late-innings game:' Hedge fund billionaire David Tepper says he’s dumped some stocks, and warns of a bear market if Trump's trade war worsens
9/13/2018, 7:14:09 PMDavid Tepper, the co-founder of Appaloosa Management, said Thursday that he had reduced his holdings of US stocks. He told CNBC that stocks could drop between 5% and 20% if the trade war worsens. ✔ A $200 billion round of duties that could be announced imminently, and Trump threatened last week to impose import taxes on another $267 billion worth of products ✔ Now read: Morgan Stanley is urging its superrich clients to pull out of one of the market's hottest corners, and it's a warning shot to the US economy A fund manager who's crushing nearly all of her peers breaks down 3 under-the-radar stocks driving her strong performance An investment chief at a trillion-dollar firm breaks down how to avoid some of the costliest mistakes American investors make when buying into other countries
Turkey Gives Investors Confidence, but Expect More Trouble in Emerging Markets
9/13/2018, 4:27:52 PMU.S. markets went higher on Thursday, lifted by tech and material stocks, but more is happening elsewhere in the world. Turkey gave investors confidence with an aggressive increase in interest rates. ✔ U.S. markets went higher on Thursday, lifted by tech and material stocks, as Appleshares rose 2.6% after the long-awaited unveiling of its newest products ✔ Michael Darda, economist and strategist at MKM Partners, says valuations for emerging-market assets could shrink further this year, given a higher dollar, lower commodity prices, and a worsening trade war
China embraces US invite for next round of trade talks
9/13/2018, 7:51:27 PMShrinking room for retaliation pushes Beijing back to the table ✔ This third round and the previous two would together affect $250 billion -- around half -- of China's annual exports to the U.S., and would inevitably have a severe impact on global supply chains ✔ Beijing has said it will retaliate against Washington's third round with duties on $60 billion in American products ✔ Try 3 months for $9 Offer ends September 30th
One interest rate hike won't stop emerging market pain
9/13/2018, 4:15:43 PMEmerging markets beware: In today's climate, even a major interest rate hike can fail to impress worried investors. ✔ The move produced an immediate reaction from the embattled Turkish lira, which strengthened as much as 5% against the US dollar ✔ Brooks said that the dynamic is unlikely to change until investors become much more confident ✔ you need a stable currency to have stable trade, said Brooks
Oil drops two percent from four-month highs as economic concerns...
9/13/2018, 6:41:36 PMOil prices fell more than 2 percent on Thursday, with Brent slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens. ✔ The market tumbled early in the session as investors focused on the bearish elements of the IEA report, said Bob Yawger, director of energy futures at Mizuho in New York ✔ For graphic on U.S. oil production growth is stalling, click reut.rs/2CPGl2p Our Standards:The Thomson Reuters Trust Principles
Why the global slump won't hurt the United States this time
9/13/2018, 5:34:35 PMAmerica's economy continues to chug along and stocks are having a great year too. Global economic sluggishness is a concern, but some think the US may be able to lift the rest of the world out of its malaise. ✔ China's economy is slowing, and trade war may make it worse ✔ And the UK economy is unsettled as the last Brexit deadline draws near ✔ Jim Tierney, chief investment officer of Concentrated U.S. Growth at AllianceBernstein told CNNMoney that earnings should remain strong for American companies this year and through 2019
Tech rebound helps push Wall Street higher, dollar slips
9/13/2018, 4:58:21 PMundefined ✔ The moves come as data this morning showed US core inflation eased in August from the decade high it reached the previous month, sending the US dollar and Treasury yields lower ✔ However, President Donald Trump tweeted the US is under no pressure to make a deal with China, they are under pressure to make a deal with us
Tepper has been cutting his stock-market holdings, says Wall Street in ‘late innings’
9/13/2018, 5:33:44 PMBillionaire David Tepper, one of Wall Street’s top all-time hedge-fund managers, on Thursday offered a less-than-bullish outlook for stocks, pointing to fears of clashes with China on trade and a bull market that is in its 10th year as cause for moderation. ✔ Read: Here’s the hit stocks around the world have taken from trade-war fears so far Worries on trade and expectations that the economy and market may not have much more room to run higher, before hitting a wall after a multiyear run has left Tepper more conservative
Donald Trump must not take his eye off China
9/13/2018, 4:37:35 PMChina is doing its best to win the competition, if not a war -- trade, diplomatic, political or even military -- with the United States. And it's succeeding on a number of fronts. ✔ The regime is compelling conformity at home at a time when it is finding itself facing potentially existential challenges abroad -- particularly from Trump ✔ Donald Trump would do well not to ignore signs of such determination from a most adroit, inventive and resolute adversary
Trump tariffs put Missouri Senate candidate Hawley in a bind
9/13/2018, 5:03:33 PMJEFFERSON CITY, Mo. (AP) — The fate of a Missouri nail manufacturer suffering under President Donald Trump's steel tariffs has put Republican Senate candidate Josh Hawley in a bin ✔ But an exemption is unlikely to be granted quickly ✔ The federal government has been deluged with requests for exemptions, the process is slow and some U.S. steel producers have objected to Mid Continent getting favorable treatment, saying the company could switch to U.S. suppliers ✔ (Andrew Jansen/The Springfield News-Leader via AP, File)
Emerging Market Elections May Increase Volatility
9/13/2018, 4:38:07 PMBrazil’s October election is considered one of the key votes. ✔ AMLO will take office Dec. 1, and Mexican markets rebounded after AMLO used conciliatory messages and verbally guaranteed that he will respect the autonomy of institutions like the central bank while avoiding further threats to existing oil contracts, Newman says
Roubini: 10 reasons why conditions will be ripe for a financial crisis by 2020
9/13/2018, 5:40:34 PMFinancial markets will anticipate that and reprice riskier assets in 2019. ✔ Commercial and residential real estate is far too expensive in many parts of the world ✔ The emerging-market correction in equities, commodities, and fixed-income holdings will continue as global storm clouds gather ✔ We Want to Hear from You Join the conversation Comment
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