Why Wall Street is ignoring Trump's trade war
9/20/2018, 1:12:16 PMWhile other stock markets globally struggle, the U.S. is soaring -- so far -- thanks to strong growth and profits ✔ The team at Merrill Lynch dub this dynamic splendid isolation amid buoyant U.S. markets ✔ But that assumes additional tariffs, rapid wage hikes and faster inflation don't materialize ✔ If so, trade-sensitive stocks like Caterpillar and Boeing will be vulnerable
Will the US-China trade war impact global growth?
9/20/2018, 1:57:15 PMundefined ✔ This is partly because of currency effects and changes in commodity prices, but manufacturers are also becoming less reliant on imported inputs and popular hostility to globalisation may also be playing a part, with trade disputes and the use of anti-dumping measures on the rise even before the latest rounds of tariffs
China cutting import tariffs amid US trade war: Report
9/20/2018, 2:21:31 PMChina's benchmark stock index, the Shanghai Composite, is down 17 percent this year. ✔ On Monday, the U.S. and China are scheduled to impose a new round of tariffs on one another’s imports ✔ Kudlow added that the tariffs are part of Trump’s grand strategy of negotiating, and he did not see any reason to think the administration’s trade policies would damage the U.S. economy
Dollar weakens across the board as trade war concerns ebb
9/20/2018, 3:47:24 PMThe dollar fell across the board on Thursday as a resurgence in global risk appe... ✔ Emerging market currencies strengthened on Thursday and the MSCI’s emerging market currency index .MIEM00000CUS climbed to a three-week high ✔ With emerging markets stabilizing in recent days the dollar is not getting as much of a lift from safe-havens flows, said Osborne ✔ Our Standards:The Thomson Reuters Trust Principles
US trade war with China could last 20 YEARS - shock warning
9/20/2018, 3:42:35 PMTHE US trade war with China would last “20 years”, a billionaire businessman has warned, despite a plea for cooperation from Beijing’s commerce ministry today. ✔ The US trade war with China would last 20 years, a billionaire businessman has warned (Image: GETTY) Jack Ma this week expressed his growing pessimism over the dispute (Image: GETTY) The deepening rift between China and the United States has stoked concerns about job losses on both sides of the Pacific as tariffs threaten to erode trade flows and economic growth
BlackRock's Fink: U.S. a short-term 'big winner' in China trade war
9/20/2018, 2:56:08 PMLarry Fink, chief executive of BlackRock , the world's largest asset manage... ✔ BlackRock’s $6.3 trillion assets under management make the New York-based firm one of the most influential voices on investing worldwide ✔ Fink was the first speaker at the event, addressing a group that included investors, executives and journalists ✔ Our Standards:The Thomson Reuters Trust Principles
America is winning the trade war and here's the proof, market watcher says
9/20/2018, 3:42:56 PMThe U.S. and China fired their latest billion-dollar shots in the escalating trade war this week. One market watcher is ready to declare a winner. ✔ The U.S. winning this trade war is crucial for its standing as an economic powerhouse in the next Industrial revolution, said Chiavarone ✔ The U.S. is winning the trade war, so here’s where to put your money now: Money manager 18 Hours Ago | 04:33 Disclaimer
Jack Ma of Alibaba: 1 million U.S. jobs won't be created due to trade war
9/20/2018, 1:55:51 PME-commerce executive is backing away from a pledge to President Trump, blaming tensions over U.S. tariffs ✔ Ma had pledged to stimulate job growth when he met with President Trump in early 2017, saying he expected Alibaba to add the new positions over the next five years ✔ China has retaliated with its own tariffs on U.S. goods ✔ If you want a short-term solution, there is no solution
Beijing plans to cut import tax for most trading partners as trade war with US deepens - report
9/20/2018, 12:00:30 PMChina’s government is reportedly planning to curb the average tariff rates on imports from most of its trading partners as soon as October in an attempt to bring down consumer costs amid growing trade tensions with the US. ✔ President Trump advocated more reciprocal and ‘fairer’ trade relations with China throughout his election campaign in 2016 ✔ Trump had repeatedly slammed Chinese companies for alleged theft of US intellectual property and accused Beijing of unfairly subsidizing them ✔ For more stories on economy & finance visit RT's business section
As trade war concerns escalate, top market experts say this is the best place to put your money
9/20/2018, 3:49:17 PMWhile the major U.S. indices have largely shrugged off trade war negotiations — the Dow and S&P 500 are trading at record highs top market watchers say there's still growth potential overseas. ✔ Five experts on how investors should position portfolios amid US-China trade war 19 Hours Ago | 04:10 Trade tensions have heated up between the United States and China as the Trump administration plans to implement yet another round of tariffs on the world's second-largest economy ✔ However, Lydon said the rotation out of global investment funds like the EEM have now made the group more attractive on a valuation basis
Chinese tech stocks were meant to challenge FANGs — but $168 billion has been wiped off their value
9/20/2018, 1:31:06 PMA collective $168 billion has been wiped off the BATs — Baidu, Alibaba and Tencent — thanks to a cocktail of factors from the U.S.-China trade war to concerns over valuations and regulatory crackdown from Beijing. ✔ There have also been concerns over a slowdown in the Chinese economy as well as high valuations of some of the country's internet stocks, that have weighed on share prices ✔ Now's the opportunity and I just think if you look at in six months you're going to say, 'Wow, things change,' Bertelsen told CNBC's Squawk Box Asia on Thursday
Analysis | The Finance 202: GOP lawmakers against Trump's tariffs aren't ready to act
9/20/2018, 12:56:28 PMThe midterms are standing in the way. ✔ Trump feels angry, unprotected amid mounting crises ✔ BULL SESSION After days of flooding and power outages, North Carolina residents look for help: Pyongyang holds mass games spectacle with South Korean leader as special guest: Chevy Chase: I'm proud to be who I am
US Supreme Court: Brett Kavanaugh's confirmation in turmoil
9/20/2018, 3:14:15 PMINSIDE THE AMERICAS : The woman who's accused Brett Kavanaugh of sexual assault calls for an FBI inquiry into the Supreme Court nominee before she'll testify a... ✔ One devastated the country in 2017, claiming 369 lives, while the other killed over 10,000 people in 1985 ✔ A year on from last September's 7.1-magnitude tremor, many areas of the capital have been rebuilt, but others are still struggling to get back to normality
Dow Jones Industrial Average notches first intraday record in 8 months as stock market rallies
9/20/2018, 1:47:32 PMundefined ✔ Although many are concerned that a full-blown trade war will become a huge headwind to global economic growth, investors have repeatedly shrugged off the issue over the past several months, choosing instead to focus on signs of improving economic fundamentals ✔ In the latest economic data, first-time jobless claims fell by 3,000 last week, dropping to their lowest level since November 1969
Russia can thrive without foreign loans in case of tougher sanctions – Finance Ministry
9/20/2018, 3:35:52 PMMoscow may stop using outside borrowings, replacing them with internal financial sources, if international penalties against Russia are deepened, according to Russia’s Finance Minister Anton Siluanov. ✔ Increasing rates at the US markets, as well as financial and economic crises, have already captured some developing economies, including Argentina and Turkey, and are currently affecting the other ones, Oreshkin said ✔ For more stories on economy & finance visit RT's business section
World stocks rise as trade relief bounce continues, sterling shines
9/20/2018, 12:06:54 PMA bounce in world stocks on relief that fresh U.S. and Chinese tariffs on recipr... ✔ The yield on benchmark 10-year Treasury notes edged up to 3.0775 on Thursday but remained below the highest level since May 18 it reached on Wednesday ✔ Forecast-beating British retail sales data also supported the sterling ✔ Our Standards:The Thomson Reuters Trust Principles
Stock futures slightly higher, S&P 500 near record
9/20/2018, 12:24:41 PMU.S. stock-index futures were slightly higher on Thursday, indicating the market’s upswing remains intact, with major indexes edging ever closer to record levels. ✔ After the market opens, reads on existing-home sales and leading economic indicators, both for August, will be released, as will a read on second-quarter household debt ✔ Trade tensions have stepped up, but you wouldn’t know it to look at European and U.S. equity markets ✔ We Want to Hear from You Join the conversation Comment
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TLRY) | Markets Insider
9/20/2018, 1:01:33 PMundefined ✔ Canadian cannabis producer Tilray had a wild day after its CEO appeared on 'Mad Money.' Shares soared as much as 93% before being halted at least five times and finishing up 38% Wednesday after CEO Brendan Kennedy laid out his company's growth prospects to the CNBC host Jim Cramer on Mad Money
China urges US to show sincerity correct behavior in trade actions
9/20/2018, 1:02:45 PMChina hopes the U.S. will show sincerity and take steps to correct its behavior, its commerce ministry said on Thursday. ✔ Johannes Eisele | AFP | Getty Images Workers unloading bags of chemicals at a port in Zhangjiagang in China's eastern Jiangsu province ✔ The deepening rift between China and the United States has stoked concerns about job losses on both sides of the Pacific as tariffs threaten to erode trade flows and economic growth
Thursday Morning Briefing
9/20/2018, 1:14:50 PMU.S. ready to resume North Korea talks, Attorney General Sessions limits judges&... ✔ He and other climate scientists need to figure out exactly how – and how fast – warming waters are undermining ice sheets ✔ Luxury British carmaker Aston Martin is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from its stock market flotation and has taken steps to prepare for any eventuality over Brexit ✔ Our Standards:The Thomson Reuters Trust Principles
Billionaire Ken Langone: 'This economy is booming,' and Trump deserves a lot of credit for it
9/20/2018, 1:28:17 PMTrump's economic agenda is fueling a resurgence in the economy that cannot be denied, the co-founder of Home Depot says. ✔ Saul Loeb | AFP | Getty Images US President Donald Trump speaks during a campaign rally at the Florida State Fairgrounds Expo Hall in Tampa, Florida, on July 31, 2018 ✔ Morgan Chase CEO Jamie Dimon, who told CNBC interview Thursday that the escalating U.S.-China trade dispute is a skirmish rather than a trade war
The Slow-Motion Crisis in Emerging Markets
9/20/2018, 12:09:37 PMU.S. investors are keeping stock prices high as though the troubles in emerging markets were a world away. But if you think financial contagion is ancient history, listen to Carmen Reinhart. ✔ If things get really ugly, the rationale goes, a posse of international financiers will ride in with bailouts to prevent the shock waves from spreading ✔ That is a cause for concern because we don’t know what the loan terms are, or whether payments are being made ✔ Some high-yield exposure for real returns [adjusted for inflation] is still attractive, but you need to be increasingly careful
Trump's tariffs put GOP candidates in a bind in rural areas
9/20/2018, 1:42:27 PMSPANGLE, Wash. (AP) — In the aptly named Harvester Restaurant, wheat farmer Roy Dube makes clear he's no fan of President Donald Trump's trade policy. "We get him el ✔ (AP) In the aptly named Harvester Restaurant, wheat farmer Roy Dube makes clear he's no fan of President Donald Trump's trade policy ✔ For example, the EU targeted bourbon, a key industry in Senate Majority Leader Mitch McConnell's home state of Kentucky, where Republican Rep
Is Apple's HomePod a Success or Failure?
9/20/2018, 12:12:51 PMCheaper smart speakers sell more volume, but Apple's sales revenue is sizable. ✔ As we noted last week, algorithmic bias in AI and machine learning programs is a growing problem ✔ IBM on Wednesday introduced a tool to inspect software for hidden biases and recommend adjustments ✔ Find past issues, and sign up for other Fortune newsletters
Analysis | The Energy 202: North Dakota Senate candidates feud over who deserves credit for lifting crude oil ban
9/20/2018, 1:08:26 PMCramer and Heiktamp are in a tight race. ✔ We will never leave your side, Trump told storm survivors ✔ Livingston mayor kills nuisance gator believed to be responsible for killing mini horse https://t.co/o3oIaWaKBu #kprc2 #HouNews pic.twitter.com/XovjTR5zDz KPRC 2 Houston (@KPRC2) September 19, 2018
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