Powertech begins $1.68bn Taiwan chip packaging plant amid trade war
9/25/2018, 12:50:47 PMKey supplier eyes Google, Facebook, Alibaba as customers in new AI tech wave ✔ He did not specify customers, but it is understood that the company will be reaching out to emerging customers such as Google, Facebook, Amazon and Alibaba Group Holding ✔ Alibaba announced for the first time last week that it would be rolling out its own chip for artificial intelligence applications by the end of 2019 ✔ Try 3 months for $9 Offer ends September 30th
Jamie Dimon explained the hidden danger of Trump's trade war with China
9/25/2018, 2:41:03 PMJPMorgan CEO Jamie Dimon explained that President Donald Trump's trade conflict with China isn't just about price increases, but the second-order effects could actually do more damage to the US economy. ✔ Current trade policies and uncertainty about future trade policies are having negative effects, especially on capital investment, Joshua Bolten, CEO of the Business Roundtable, said in a release ✔ It could easily offset some of the benefits that we've seen form regulatory reform and tax reform
US holding 'KNIFE to China's neck' – Beijing claims as ensuing trade war ESCALATES
9/25/2018, 1:53:46 PMTHE US is holding a “knife to China’s neck” and makes trade talks incredibly difficult, Chinese vice commerce minister Wang Shouwen said at a news conference in Beijing. ✔ The vice commerce minister said the US is holding a 'knife' to China's throat (Image: GETTY) Certain forces in the United States have been making groundless criticisms against China about trade and security issues, which has poisoned the atmosphere for Sino-US ties and is highly irresponsible, State Councillor Wang Yi was quoted as saying, without naming anyone
EU on brink: Trump trade war to wipe £255BILLION off GDP ‘Warning lights are flashing’
9/25/2018, 1:22:05 PMTHE world is on the brink of a financial meltdown if Donald Trump’s import tariffs descend into a full-blown trade war - with the European Union wiping £255billion from its GDP, the World Trade Organisation has warned. ✔ The EU hit back imposing its own raft of tariffs on hundreds of American goods in what has become a tit for tat spat ✔ Some markets, like Japan's, have positive factors to fall back on like the weaker yen, but such support could be negated if the Chinese market is hit by volatility
Analysis | The Finance 202: Auto tariffs would vastly expand Trump's trade war. A decision could come at any time.
9/25/2018, 12:29:56 PMThe move would double the value of goods subjected to tariffs in the U.S. ✔ Beijing is open to negotiations but whether they proceed is up to Washington, said a deputy commerce minister, Wang Shouwen.. ✔ #TNYcartoons A post shared by The New Yorker Cartoons (@newyorkercartoons) on Sep 24, 2018 at 8:22am PDT BULL SESSION I've never sexually assaulted anyone: Key takeaways from Kavanaugh's Fox News interview Haspel makes first public remarks as CIA director: Rare two-headed copperhead snake discovered in Va.:
Consumer confidence hovers around 18-year high
9/25/2018, 2:53:37 PMStrong economy and robust jobs growth boosts consumer confidence. ✔ Consumers’ assessment of current conditions remains extremely favorable, bolstered by a strong economy and robust job growth …. ✔ Consumers' assessment of the labor market improved, with 45.7 percent of Americans claiming jobs are plentiful, compared to the prior 42.3 percent, while 22.5 percent expect more jobs in the months ahead compared to the prior 21.5 percent
Germany tops US as China’s leading car exporter amid mounting trade disputes
9/25/2018, 2:12:08 PMGermany has outpaced the United States as the top exporter of vehicles to the Chinese market, Beijing’s Commerce Ministry said, citing current Sino-American trade tensions as the major reason for the decline in the US share. ✔ The US introduced a 25-percent charge on $34 billion worth of Chinese goods ✔ The Chinese government retaliated by hitting an equal volume of US produce with an import tax of 25 percent ✔ For more stories on economy & finance visit RT's business section
The Fed has a lot to talk about besides higher interest rates
9/25/2018, 3:45:57 PMFederal Reserve Chairman Jerome Powell is likely to face questions Wednesday about political influence, trade wars and future rate hikes. ✔ Analyst: Trade war is big headline, not big problem Presidential influence ✔ He also said it's challenging to forecast the economic impact ✔ The central bank's outlook may shift with a new lineup ✔ It's never been used before, and banks don't want to see it take effect
Trump tells world leaders: 'We will no longer tolerate abuse' on trade
9/25/2018, 3:14:22 PMPresident Donald Trump defended his administration's conflicts with major trading partners on Tuesday, telling world leaders the U.S. will act in its "national interest." ✔ We will not allow our workers to be victimized, our companies to be cheated and our wealth to be plundered and transferred, Trump said during remarks in New York ✔ The strategy has led to new tariffs and fresh tensions with major trading partners such as China, Canada, Mexico and the European Union
CFOs bullish on North America, less so on Europe, China
9/25/2018, 1:53:01 PMCFOs’ optimism retreats: Deloitte's CFO Signals quarterly report. ✔ CFO Signals, a quarterly survey by accounting giant Deloitte, reports that for the third quarter these business leaders’ confidence has retreated compared to the second quarter when many measures of optimism reached a record ✔ They also cited pressures to execute on their growth plans, internal concerns about driving initiatives and finding talent
Twin deficits still look conducive to dollar strength
9/25/2018, 2:15:56 PMundefined ✔ Net short positions in US Treasuries are running at new record levels ✔ That would normally be a very good reason to question the underlying logic ✔ That growth has been won at the cost of a burgeoning fiscal deficit not far short of 5 per cent of gross domestic product in a full employment economy
'I wouldn't be surprised to see another correction,' long-time bull Jeremy Siegel warns
9/25/2018, 12:46:18 PMWharton finance professor Jeremy Siegel cites ongoing trade tensions and rising interest rates as "major challenges." ✔ Siegel makes it clear that he's not completely abandoning his bull case for stocks ✔ His second biggest risk to the stock market comes from the Federal Reserve, which begins a two-day meeting Tuesday ✔ Long-time bull Jeremy Siegel warns stocks face ‘major challenges’ 16 Hours Ago | 06:33 Disclaimer
White House ‘open’ to testimony by second Kavanaugh accuser | Republicans ‘in deep depression’ over midterms
9/25/2018, 1:07:20 PMThe White House says it would be “open” to Deborah Ramirez, a second woman accusing Supreme Court nominee Brett Kavanaugh of sexual misconduct, testifying before the Senate Judiciary Committee this week. ✔ We are all in deep depression right now, said a prominent Republican Party pollster who did not want to be identified speaking critically about the president ✔ Subscribe to MarketWatch's free Asia Daily newsletter ✔ We Want to Hear from You Join the conversation Comment
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, SIRI, SHLD, FB, NKE, P) | Markets Insider
9/25/2018, 12:56:18 PMundefined ✔ AP/Emilio Morenatti Here is what you need to know ✔ Sirius XM agrees to pay $3.5 billion in stock for Pandora ✔ Hong Kong's Hang Seng (-1.62%) lagged in Asia and Germany's DAX (+0.15%) leads a quiet session in Europe ✔ FHFA home prices and Case-Shiller home prices will both be released at 9 .am
Global stocks are doing something rarely seen over the past 30 years — and what happens next could determine whether a US recession is coming
9/25/2018, 1:39:52 PMBI PRIME: The percentage of global stock markets outperforming their benchmark is close to the lowest in 30 years. The conditions that cause this measure to rebound will go a long way towards signaling whether a recession is imminent, according to Morgan Stanley. ✔ Morgan Stanley The coloring of the dates below the chart is crucial to understanding what's at stake ✔ Morgan Stanley says that following the red periods February 1991, September 2008, and November 2015 the ratio improved because things got worse for the US ✔ To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content
Dollar softer ahead of Fed rate decision; hike largely priced in
9/25/2018, 3:27:05 PMwas weaker on Tuesday ahead of a Federal Reserve meeting that is widely expected... ✔ Some analysts said the euro was also supported by signs Italy’s anti-establishment coalition is likely to reach a compromise over its 2019 budget ✔ It had touched a 3-1/2 month high on Monday after Draghi expressed confidence in euro zone inflation and wage growth, before giving up most of those gains ✔ Our Standards:The Thomson Reuters Trust Principles
China says it can't hold US trade talks with 'knife to the throat'
9/25/2018, 12:45:42 PMChina said on Tuesday it was impossible to hold trade talks with the United States while Washington is imposing tariffs that are like "holding a knife to someone's throat". Speaking a day after Washington activated tariffs on $200 billion in Chinese goods, vice commerce minister Wang Shouwen said China is… ✔ Beijing has hit back with each step, hitting $110 billion worth of U.S. goods, or nearly everything China buys from the United States ✔ China's retaliatory levies target 5,200 U.S. goods worth $60 billion with new five to 10 percent tariffs, including big ticket items such as liquefied natural gas, lumber and electronics, as well as peppermint oil, pig hides and condoms
Europe, Russia and China join forces with a new mechanism to dodge Iran sanctions
9/25/2018, 3:49:25 PMThe mechanism, called a "special purpose vehicle", would aim to "assist and reassure economic operators pursuing legitimate business with Iran," according to a joint statement released by the Iranian nuclear deal's remaining members. ✔ All of the deal's remaining members engage in trade with Iran, particularly for its oil ✔ Europeans have their own nationalists who could well push back, leading to a widening gulf between America and Europe that Iran (and other countries like Russia) can exploit
Hilarious. Delusional US Slaps Sanctions on Chinese Military for Buying Russian S-400, Su-35s
9/25/2018, 1:43:28 PMIt has been barely two weeks since China joined Russia in the "Vostok" war games, the largest display of Eurasian military might since 1981 when the Soviet Union was still a global superpower, and already the US has found an opening to try and drive a wedge between China and Russia, or at least express its displeasure with their increasingly close relationship. ✔ It has been barely two weeks since China joined Russia in the Vostok war games, the largest display of Eurasian military might since 1981 when the Soviet Union was still a global superpower, and already the US has found an opening to try and drive a wedge between China and Russia, or at least express its displeasure with their increasingly close relationship ✔ China has normal military exchanges and cooperation with Russia, aimed at protecting regional peace and stability, which is not against international law or aimed at any third party, Geng added
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