Trade war concerns and tech drag Wall Street lower
9/17/2018, 6:01:41 PMundefined ✔ Despite the Dow Jones Industrial Average, which is home to a number of multinationals seen as at risk from a global trade war, it was tech stocks that bore the brunt of adverse investor sentiment ✔ The dollar remained weaker, with the DXY index down 0.5 per cent at a 2 ½-month low of 94.478 and eyeing its biggest one-day drop since August 24
Trump is 'symptom NOT cause' of US-China trade war warns professor
9/17/2018, 5:03:45 PMDONALD Trump and his “crazy” policies are symptoms of mounting tensions between the USA and China and not the cause of the trade war, a political expert has warned. ✔ This could be explained in the view that exports are good, imports are bad, and whatever is good for me must be bad for you, and vice versa ✔ Billions of Dollars is being spent on new plants all around the country! The US president announced the plan to impose a 25 percent tariff on steel and a 10 percent tariff on aluminum imports in March
Trump administration readies tariffs on $200 billion in Chinese goods as trade war escalates
9/17/2018, 7:17:51 PMPresident Donald Trump's chief economic adviser, Larry Kudlow, said Monday that an announcement on the tariffs would be coming soon. ✔ Larry Kudlow, in an interview on CNBC, said he didn’t want to get ahead of Trump in announcing the tariffs but said, My guess is his announcements will be coming soon.’’ Asked about news reports that said a 10 percent tariff would be levied as early as this week, Kudlow said the basic stories are probably more or less correct
China seeks chip self-sufficiency in face of US export control fears
9/17/2018, 5:50:13 PMTrade war pushes local semiconductor producers to look beyond American suppliers ✔ I urge domestic chip manufacturers to strongly support emerging local equipment and material suppliers ✔ Chip tools and materials are essential enablers for manufacturing semiconductors, yet China-based companies account for less than 1% of the global market, according to industry association, SEMI ✔ Try 3 months for $9 Offer ends September 30th
Trump will reportedly spare Apple products from latest China tariffs
9/17/2018, 7:26:54 PMThe Apple Watch, AirPods and devices like them might be safe from the ongoing trade war. ✔ It sent a letter to Trade Representative Robert Lighthizer warning that the tariffs could increase costs, raise prices and put it at a disadvantage to some foreign competitors ✔ The company might just get what it wanted all along, even if other American firms aren't so lucky
Wall Street down as trade tensions weigh on tech, consumer...
9/17/2018, 7:26:10 PMU.S. stocks fell on Monday led by declines in Apple and Amazon as investors took... ✔ Netflix (NFLX.O), Facebook (FB.O), Amazon (AMZN.O) and Google-parent Alphabet (GOOGL.O) were down between 0.6 percent and 2.7 percent ✔ When you see some of these names that have been up 40, 50, 60 percent year-to-date, taking some profit is the prudent thing to do, Pursche added ✔ Our Standards:The Thomson Reuters Trust Principles
European stocks keep steady amid tariffs fears; H&M surges
9/17/2018, 4:14:48 PMEuropean shares recovered from a weak start on Monday and closed in positive ter... ✔ Wall Street opened slightly lower but the dip did not change the mood across European bourses ✔ If the trade war hits the economy, then defensives will be better off, Stefanopoulos said ✔ Several stocks shone after results on Monday, helping support risk appetite ✔ Our Standards:The Thomson Reuters Trust Principles
Qutoutiao stock plunges 35% in second day of trading
9/17/2018, 6:57:55 PMundefined ✔ He said the company was less concerned with short-term price movements and more focused on conveying its story to U.S. investors given that he thinks the company doesn't have a direct U.S. comparison ✔ The selloff Monday comes as the Renaissance IPO ETF IPO, -1.00% is up 7.8% so far this year, while the S&P 500 SPX, -0.40% has gained 8.3%
Dow transports pull back sharply as trucker weakness offsets airlines' gains
9/17/2018, 5:41:34 PMundefined ✔ CHRW, -3.82% shed 4.0% and Kirby Corp. KEX, -3.68% slid 3.5% ✔ Meanwhile, the index's 6 airline stocks were the only one of the 20 components that were gaining ground ✔ AAL, +1.93% which hiked up 1.8%, as crude oil prices rose ✔ Elsewhere, the broader stock market is taking a hit amid concerns over an escalating trade war
As midterms near, Trump gambles on his hardline trade policy
9/17/2018, 4:48:32 PMWASHINGTON (AP) — Farmers worry about falling crop prices and lost sales overseas. Manufacturers fear rising costs and new foreign taxes on their exports. American allies overseas ✔ WASHINGTON (AP) Farmers worry about falling crop prices and lost sales overseas ✔ Heidi Heitkamp is running ads tying her Republican challenger, Rep ✔ (AP Photo/David J. Phillip, File) FILE- This is a July 13, 2018, file photo shows a seedpod in a young soybean plant, one of the crops on The Gaddis Farms in Bolton, Miss ✔ 7, 2018, photo shows a farmhouse is surrounded by soybean fields in Locust Hill, Va
UBS CEO sees no need for dramatic review of targets: Bloomberg TV
9/17/2018, 4:55:05 PMSwiss bank UBS sees no need for big revisions to its financial goals, despite mo... ✔ REUTERS/Arnd Wiegmann/File Photo There is no reason for us to review dramatically our financial targets ✔ We need to look how to grow further, how to grow faster ✔ The bank aims to expand net new money at a 2-4 percent clip from 2018 to 2020, UBS has said ✔ Our Standards:The Thomson Reuters Trust Principles
Apple Watch and other hardware reportedly spared by new Trump tariffs
9/17/2018, 7:39:11 PMThe latest round of Trump administration tariffs is set to affect a number of different industries. At least one category previously expected to be impacted, however, is likely to be spared, according to a new report from Bloomberg. According to anonymous sources, the tariffs impacting a slew of co… ✔ The latest round of Trump administration tariffs is set to affect a number of different industries ✔ According to anonymous sources, the tariffs impacting a slew of consumer electronics, running the gamut from the Apple Watch to Fitbit trackers to Sonos speakers, has not made it into the final language ✔ They’ve been a domestic issue as well, as companies like Harley-Davidson have announced plans to move some production overseas to avoid the fee
Yale’s Shiller, Pimco’s Roman Sound Caution
9/17/2018, 4:32:32 PMExpect lower market returns, possible economic slowdown. ✔ He says his Cyclically Adjusted Price to Earnings ratio, which looks at valuations over a 10-year period, is too high right now ✔ -- Ross Snel ALSO IN ADVISOR CENTER Week’s Best: Merrill’s Online Thunder Merrill Lynch’s Sieg on Keys to Success Former Cetera Chief Is Back in Business
Kudlow says Trump has 'not been satisfied' with China trade talks, tariff announcement coming soon
9/17/2018, 6:32:54 PMThe Dow Jones Industrial Average fell to its low of the day after Larry Kudlow confirmed the Trump administration was readying additional tariffs on China. ✔ The Dow Jones Industrial Average fell after Kudlow's comments, which came in a televised interview with CNBC's Becky Quick at the Economic Club of New York ✔ WATCH: Larry Kudlow says business and consumer sentiment is rising Larry Kudlow says business and consumer sentiment is rising 49 Mins Ago | 03:49
Trump Today: President indicates he would accept a ‘delay’ on Kavanaugh nomination
9/17/2018, 7:38:14 PMPresident Donald Trump said Monday he wants to go through a “full process” on Brett Kavanaugh’s nomination to the Supreme Court, as he defended his use of tariffs on foreign products and said he backed removing “gag clauses” on pharmacists. ✔ U.S. stocks SPX, -0.58% dropped Monday over trade-policy uncertainty ✔ TRUMP BACKS REMOVING PHARMACY ‘GAG CLAUSES’ Trump said on Twitter that he supports legislation that would remove so-called gag clauses on pharmacists, as the Senate had a Monday vote scheduled on legislation ✔ The council is an initiative to educate and train American students and workers ✔ We Want to Hear from You Join the conversation Comment
Oil dips as Sino-U.S. trade tensions deepen, new tariffs due
9/17/2018, 5:36:48 PMOil prices edged lower on Monday as investors focused on deepening trade tension... ✔ Iranian crude oil export loadings have declined by 580,000 barrels per day in the past three months, Bank of America Merrill Lynch analysts said in a note to clients ✔ We believe that the full effect of the Iranian oil sanctions has yet to be seen and we feel that the next 5-6 week anticipatory phase of the official sanctions will associate with steady speculative buying interest, Jim Ritterbusch, president of Ritterbusch and Associates, said in a note ✔ Our Standards:The Thomson Reuters Trust Principles
Trump's top economic adviser says announcements on more Chinese tariffs are 'coming soon' | Markets Insider
9/17/2018, 7:17:22 PMundefined ✔ AP/Julie Jacobson White House economic adviser Larry Kudlow said Monday announcements on Chinese tariffs would likely be coming soon ✔ Kudlow added that the administration is ready to negotiate and talk with China anytime that they are ready for serious and substantive negotiations
Good news for the economy -- trains and planes are booming
9/17/2018, 4:19:41 PMThe Dow Jones Transportation Average, the lesser known cousin to the Dow 30, is having a great year. That's a sign that American consumers are shopping and people are traveling for business and leisure. ✔ An outright purchase of an airline could make sense -- especially since Buffett has already shown a willingness to bet big on transportation with the acquisition of railroad Burlington Northern Santa Fe for $26 billion in 2009 ✔ But for now, investors seem to be shrugging off concerns about the Trump administration's trade war and are focusing instead on the continued strength of the US economy
India tries to stem rupee selloff in another round of emerging-markets turmoil
9/17/2018, 7:38:12 PMIndia’s rupee is the latest emerging market currency to come in focus as risk sentiment wanes on the back of the trade spat between the U.S. and China. ✔ Raising interest rates commonly strengthens a currency against its rivals ✔ Subscribe to MarketWatch's free Asia Daily newsletter ✔ Anneken Tappe Anneken Tappe is a markets reporter for MarketWatch ✔ We Want to Hear from You Join the conversation Comment
Trump administration expected to announce new China tariffs, sharply escalating trade fight
9/17/2018, 7:32:29 PMIn sharp escalation of trade fight with China, Trump is expected to slap hefty tariffs on Chinese imports ✔ Besides U.S. importers, businesses that export to China also are almost certain to be subjected to additional retaliation from Beijing ✔ This administration has gotten their attention, she said at a forum Monday at the Center for Strategic and International Studies
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