USS trade war with China
9/21/2018, 8:03:56 AMundefined
Oil Bulls Should Be Worried About a Trade War
9/21/2018, 10:41:40 AMSanctions on Iran and woes in Venezuela will reduce supplies of oil, but U.S. tariffs on No. 1 energy consumer China could shrink demand. ✔ Iran’s crude and condensate exports averaged 1.92 million barrels a day in August, down from 2.32 million in July, according to estimates from S&P Global Platts ✔ The bigger factor through the rest of the year is likely demand rather than supply, says Brian Youngberg, senior energy analyst at Edward Jones, and the real threat to oil demand comes from the broader economic downturn in emerging markets as a whole, not just China
Trade war pessimism creates buying opportunity for China stocks
9/21/2018, 10:49:14 AMundefined ✔ For them, the impact of the trade war mostly comes from investor sentiment, said Tao Yu, partner and equity investment director at Brilliance Asset, a Beijing-based hedge fund ✔ But such action could turn out to be self-punishment ✔ Additional reporting by Yizhen Jia in Shanghai and Roger Blitz in London
The trade war reaches Procter & Gamble -- and into the medicine cabinet
9/21/2018, 11:58:12 AMP&G relies on Chinese parts to make products like Crest and Oral-B toothpaste and toothbrushes, Febreze air freshener, Downy and Bounce dryer sheets, and Braun electric shavers. ✔ El-Erian: Investors recognize trade fears are short-term Procter & Gamble, the maker of familiar brands like Tide, Pampers, Gillette and Bounty, has been knocked around the past few years by lackluster sales and new competitors ✔ If the company decides not to pass off those costs, its profit will fall
Walmart reportedly warns that Trump's trade war will hit regular Americans hard
9/21/2018, 11:43:33 AMIn a letter to US Trade Representative Robert Lighthizer, the retailer said the immediate impact of the fresh tariffs "will be to raise prices on consumers and tax American business and manufacturers." ✔ Walmart sent a letter to the Trump administration about two weeks ago, asking it to reconsider the new tariffs on $200 billion worth of Chinese goods ✔ The letter did not succeed, with the tariffs announced on Monday ✔ April 3: The US trade representative announces a list of Chinese goods subject to the tariffs
Economic cold war may be coming, JPMorgan warns
9/21/2018, 11:11:02 AMTit-for-tat tariffs between the world’s two largest economies, China and the United States, may be the beginning of a prolonged economic conflict, analysts say, adding that each of the two countries pursues its own development. ✔ China, of course, is already a trailblazer in many areas, said Ulrich ✔ US-China #TradeWar could last 20 years - #JackMahttps://t.co/8iQ996ek0Upic.twitter.com/d9Nvd83IJ7 RT (@RT_com) September 19, 2018 The latest round of tariffs on $200 billion worth of Chinese imports to the US will initially take effect from September 24 at a 10 percent rate, before rising to 25 percent on January 1 ✔ For more stories on economy & finance visit RT's business section
U.S. bond market recession signal not far away, strategists say:...
9/21/2018, 11:55:33 AM- Short-dated U.S. Treasury yields will rise above longer maturities -- a reliab... ✔ to one more focused on the upcoming recession risks, noted Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott ✔ It also concluded growth would slow to 2 percent by the end of next year, less than half the last reported rate of 4.2 percent ✔ This is taking place even as Wall Street is scaling new record highs ✔ Our Standards:The Thomson Reuters Trust Principles
Trump is obsessed with auto trade, French ambassador to the US says
9/21/2018, 11:31:20 AMThe White House may halt lengthy trade talks with the European Union and scrap any possible deal to issue crippling tariffs against products imported from members of the bloc, warns the French Ambassador to the US Gerard Araud. ✔ Mutual sales of vehicles have become a hot issue for the US president, who has repeatedly slammed the EU car producers for unfair behavior, urging them to build plants on US territory ✔ For more stories on economy & finance visit RT's business section
Ebbing trade worries push stocks to highest in over half a year
9/21/2018, 9:17:25 AMd shares hit their highest levels in over six months on Friday, as investors gra... ✔ Despite growing anecdotal reports from companies on both sides of the Pacific that the trade war is starting to impact their operations, the outlook for corporate profits remained solid in many markets on the back of strong global growth, keeping equity valuations relatively attractive
Donald Trump’s currency confusion continues | Jeffrey Frankel
9/21/2018, 8:39:08 AMThe US president blames China but even a basic understanding of economics shows it’s his own policies that bloat the dollar ✔ For starters, Trump and congressional Republicans have pursued a massive pro-cyclical fiscal expansion, producing virtually unprecedented peacetime budget deficits in the absence of a recession ✔ What he misses are two fundamental drivers of that depreciation: his own fiscal and trade policies
India battles rupee selloff by curbing imports and easing foreign borrowing
9/21/2018, 11:21:38 AMAsia's worst-performing currency poses political headache for Modi ✔ The Indian National Congress, the country's main opposition party, led a nationwide protest against the government last week over these issues ✔ Modi convened a high-level meeting last week to review the state of the economy with Jaitley, RBI Gov ✔ Try 3 months for $9 Offer ends September 30th
Stock futures point to added gains after record day
9/21/2018, 8:09:20 AMThe Dow's 100th record close since the election of President Trump and its first since January. ✔ The number of Americans filing for first-time jobless claims fell to 201,000 in the prior week, well below the 210,000 estimate and the lowest late 1969 ✔ China's stock markets surged on Friday before a long holiday weekend ✔ FOX Business' Leia Klingel contributed to this article
China more confident after stabilizing yuan, seen cutting reserve...
9/21/2018, 8:35:04 AMna's ability to stabilize the yuan in recent weeks despite weak economic da... ✔ A similar move now would send a loosening signal that some believe the PBOC is not yet prepared to make, preferring to stick with what it calls targeted action, channeling funds to companies or rural areas which are seen as most vulnerable ✔ Our Standards:The Thomson Reuters Trust Principles
Euro zone growth still easing as industry stutters: PMI
9/21/2018, 10:42:24 AMo zone business growth eased again in September, adding to signs that momentum i... ✔ U.S. President Donald Trump on Monday imposed a 10 percent tariff on about $200 billion worth of Chinese imports and threatened duties on around $267 billion more if Beijing retaliated, which it has done ✔ Our Standards:The Thomson Reuters Trust Principles
EU mulls Asia infrastructure push as Belt and Road makes inroads
9/21/2018, 10:13:24 AMChina cautiously welcomes proposal that may rival Beijing's ambitions in Europe ✔ Eastern European countries mostly disagree with the screening proposal, and several are in conflict with the EU over issues such as migration and corruption.The EU's biggest internal critic, Hungarian Prime Minister Viktor Orban, said in January that if the European Union cannot provide financial support, we will turn to China
US sanctions provoke Chinese anger
9/21/2018, 10:45:00 AMChina tells the US to withdraw sanctions on its military over Russian weapons purchases. ✔ The US move could just deepen the already tense trading relationship with Beijing ✔ The US says it is committed to a free and open Indo-Pacific and has sailed warships close to artificial islands built by Beijing to challenge what it sees as Chinese efforts to restrict freedom of navigation in a strategically important area
Remanufacturing is a smarter way Trump can reduce the trade deficit
9/21/2018, 9:25:17 AMIt saves money too: The Marines remanufacture defective drive shafts for light armored vehicles for a fraction of the cost of buying them new. ✔ charity focused on promoting the transition to a circular economy ✔ Remanufacturing in the U.S. is already responsible for across sectors as diverse as aerospace, consumer products, office furniture and retreaded tires ✔ We Want to Hear from You Join the conversation Comment
Bull March, Micron Slump, Wells Cuts: CEO Daily for September 21, 2018
9/21/2018, 10:41:43 AMMust-read business news, delivered every morning. ✔ Something smells funny in the pathology labs at Memorial Sloan Kettering ✔ The startup is called Paige.AI, and its mission is to train algorithms on decades of slides from the MSK path labs, so they can learn to detect malignant tumors from benign tumors ✔ USA Today Micron Slump The U.S.’s latest round of tariffs on Chinese imports will soon hit the gross margins of semiconductor firm Micron, CFO David Zinsner said yesterday
At U.N. podium, Trump to tout protecting U.S. sovereignty
9/21/2018, 10:42:25 AM- Since U.S. President Donald Trump made his debut at the United Nations a year ... ✔ While the U.S. is generous, we’re going to be generous to those that share our values, generous to those that want to work with us and not those that try and stop the U.S. or say they hate America and are counterproductive, she said ✔ Our Standards:The Thomson Reuters Trust Principles
Dow set for best week since July as stock futures imply deeper push into record territory
9/21/2018, 11:56:09 AMU.S. stock-index futures inch higher on Friday, indicating that Wall Street would extend its recent uptrend and push further into record levels. ✔ Don’t miss: Dow, S&P 500 records belie festering fear that China and the U.S. ‘are on a collision course’ While many investors are concerned that the trade issue could escalate into a full-blown trade war, they have so far been heartened by the fact that the issue hasn’t shown much impact in economic data or corporate results
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