Asia set for a cautious open as US-China trade war escalates
9/17/2018, 11:58:41 PMPresident Donald Trump will impose 10 percent tariffs on $200 billion worth of Chinese imports, and those duties will rise to 25 percent at the end of the year, according to a Monday announcement from the White House. ✔ Kiyoshi Ota | Bloomberg | Getty Images The Japan Exchange Group logo is displayed on a glass door at the Tokyo Stock Exchange (TSE) in Tokyo, Japan ✔ Earlier this month, reports suggested that the U.S. was seeking to restart trade talks with China ✔ U.S. futures also declined during early Asian hours, following the announcement
Cramer: China's stock market wouldn't be tumbling if the US was losing the trade war
9/17/2018, 10:29:13 PMJim Cramer points out the difference in market performance in China and the United States and ties it to the trade war fears that are rattling investors. ✔ Investors fretted on Monday about what would come of President Donald Trump's insistence on placing tariffs on another $200 billion worth of Chinese goods, but CNBC's Jim Cramer felt they were missing the big picture ✔ If the tariffs so far are supposed to be hurting our economy, how is that possible
Dow Drops 92 Points Because “Only a Fool” Believes the U.S. Can Withstand a Trade War
9/17/2018, 9:46:20 PMStocks dropped today as hopes for productive trade talks took a hit. ✔ In today’s After the Bell , we… NEW YORK, NY JULY 18: Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell, July 18, 2017 in New York City ✔ A controlled descent is all the more desirable given that the market can’t go up forever ✔ The Biggest Loser Abiomed (ABMD) tumbled to the bottom of the S&P 500 today
You're tariffed! Trump announces $200 billion tariffs on Chinese goods
9/17/2018, 11:43:49 PMUnlike the previous rounds of tariffs targeting industrial goods, this tranche will affect consumer products and could lead to price rises at the checkout. ✔ The S&P 500 index fell 16.18 points, or 0.6 per cent on Monday US time, while the Dow Jones Industrial Average lost 92.55 points, or 0.4 per cent ✔ My administration will not remain idle while those interests are under attack ✔ If countries will not make fair deals with us, they will be 'Tariffed!' More to come
Tech group chief says some consumer devices dropped from Trump...
9/17/2018, 10:46:41 PMConsumer Technology Association president and CEO Gary Shapiro said on Monday he... ✔ REUTERS/Rick Wilking But other items on the expected list, including printed circuit boards, internet routers and networking equipment will stifle U.S. leadership in fifth generation mobile technologies and create an internet tax on American companies, Shapiro said in a statement ✔ Congress has not given the president or the USTR a blank check to pursue a trade war ✔ Our Standards:The Thomson Reuters Trust Principles
Trump announces China tariff move after stock market closes
9/17/2018, 8:07:22 PMPresident Trump said he will announce the next mover on China tariffs Monday after the stock markets close. ✔ It will be a lot of money coming into the coffers of the United States of America a lot of money coming in, said Trump ✔ The stock market, which closes at 4 p.m. EDT, dropped sharply following Mr. Trump’s remarks ✔ The Dow Jones Industrial Average was down about 100 points or 0.4 percent a half hour before the close
Fast Asia Open: RBA meeting minutes, Hong Kong unemployment
9/17/2018, 11:12:45 PMundefined ✔ The move after the New York market close on Monday by Mr Trump which China has vowed to reply with its own round of retaliatory levies represents a sharp escalation in the commercial confrontation with Beijing, plunging the global economy into treacherous waters ✔ Corporate earnings reports out today include Nine Dragons Paper and TPG Telecom ✔ 09.30: Australia Q2 house price index; Reserve Bank of Australia September meeting minutes 16.30: Hong Kong unemployment rate
Stocks tumble as markets brace for Trump's next round of tariffs | Markets Insider
9/17/2018, 10:05:38 PMundefined ✔ AFP/File SAUL LOEB Stocks fell Monday as markets braced for major escalations in the US-China trade war ✔ Prime Minister Justin Trudeau defended regulations on the country's dairy market, an issue the US has signaled it will not be quick to budge on ✔ North Korea may be circumventing US-led sanctions related to its nuclear weapons program
8@eight: Trump leaves markets hanging
9/17/2018, 10:01:36 PMWhat happened overnight and what's ahead for the ASX. ✔ The trade war has cast a shadow over Asian indices, with any counter arguments around attractive stock valuations, or planned intervention from policy makers doing little to staunch sell-offs in these markets ✔ Market watch: SPI futures down 4 points at 6179 at about 7.40am AEST AUD +0.4% to 71.78 US cents On Wall St: Dow -0.4% S&P 500 -0.6% Nasdaq -1.4% In New York, BHP -0.5% Rio +0.2% Atlassian -3.3% In Europe: Stoxx 50 flat FTSE flat CAC -0.1% DAX -0.2% Spot gold +0.6% to $US1201.39 an ounce at 2.31pm New York time Brent crude flat at $US78.10 a barrel US oil -0.1% to $US68.90 a barrel Iron ore +0.7% to $US68.14 a tonne Dalian iron ore +0.2% to 503 yuan LME aluminium -0.5% to $US2032 a tonne LME copper -0.5% to $US5945 a tonne 2-year yield: US 2.78% Australia 2.02% 5-year yield: US 2.89% Australia 2.17% 10-year yield: US 2.99% Australia 2.62% Germany 0.46% US-Australia 10-year yield gap: 37 basis points This column was produced in commercial partnership between Fairfax Media and IG
US announces $200bn China tariff, threatens $267bn more
9/17/2018, 11:12:09 PMInitial 10% duty will rise to 25% at start of 2019 ✔ China has many levers and can negate half of the 10% tariffs just by lowering their currency and have state banks lend money to Chinese companies that will never have to be repaid, Morici said ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th
Trump hits China with $200b in tarrifs and threatens more
9/17/2018, 11:17:29 PM'If China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports,' Trump said. ✔ The U.S. put out about 40 per cent of the world's steel after World War II, but the figures have steadily dropped in the years since ✔ But they have threatened 'comprehensive measures' as Beijing runs out of imports for penalties due to its lopsided trade balance with the United States
FedEx profit jumps 40 percent on strong shipping demand
9/17/2018, 10:01:39 PMDALLAS (AP) — The growing economy, lower taxes and changing habits of American shoppers are helping boost profit at FedEx Corp. The delivery giant said Monday that i ✔ Adjust earnings were $3.46 a share, excluding the cost of combining Dutch acquisition TNT Express into its own business significant costs that FedEx expects will continue over the next few years ✔ (AP Photo/Steve Helber, File) FILE- In this Feb. 9, 2018, file photo the logo for FedEx appears above a trading post on the floor of the New York Stock Exchange
Trump imposes tariffs on $200bn of Chinese goods
9/17/2018, 11:06:32 PMundefined ✔ Donald Trump has moved to slap a 10 per cent tariff on about $200bn in Chinese imports beginning next week and threatened to increase the rate to 25 per cent in 2019 if no deal is reached to ease trade tensions between the US and China ✔ In a win for Apple, consumer electronics like smartwatches and bluetooth devices were removed
FedEx downplays US-China trade spat's impact on its business
9/17/2018, 11:23:42 PMDALLAS (AP) — Shortly before the Trump administration announced a new round of tariffs against Chinese goods, FedEx Corp. leaders tried to assure investors Monday that a widening ✔ Adjust earnings were $3.46 a share, excluding the cost of combining Dutch acquisition TNT Express into its own business significant costs that FedEx expects will continue over the next few years ✔ (AP Photo/Steve Helber, File) FILE- In this Feb. 9, 2018, file photo the logo for FedEx appears above a trading post on the floor of the New York Stock Exchange
Cramer Remix: A pullback in these stocks is a gift to investors
9/17/2018, 11:12:55 PMJim Cramer reveals the big opportunity behind the decline in medical device stocks. ✔ In particular, Lemonis said that Camping World's 2017 acquisition of outdoor products retailer Gander Mountain would help bolster the Good Sam program, which he said in the past makes his company the category-killer in its space ✔ Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine Questions, comments, suggestions for the Mad Money website
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