Futures dip as trade war fears weigh
9/4/2018, 12:06:16 PMU.S. stock index futures were lower on Tuesday following the Labor Day weekend, as trade talks with Canada ended last week with no deal to revamp the North American Free Trade Agreement (NAFTA) and on fears of potential China tariffs. ✔ REUTERS/Brendan McDermid A fresh round of U.S tariffs on $200 billion worth of Chinese goods are expected to take effect in late September after a public comment period ends on Sept ✔ The dollar .DXY rose nearly half a percent against a basket of major currencies ✔ [.DXY] At 7:43 a.m. ET, Dow e-minis 1YMc1 were down 105 points, or 0.4 percent ✔ Our Standards:The Thomson Reuters Trust Principles
American companies in China brace for more trade-war pain
9/4/2018, 3:26:02 PMSome are considering raising prices to offset the commercial blows. ✔ Climbing labor costs, however, long ago started shoving production from China to India, Vietnam and other countries in Southeast Asia ✔ Next up could be Apple, suggested an August editorial in the government-backed Global Times newspaper: China is by far the most important overseas market for the US-based Apple, leaving it exposed if Chinese people make it a target of anger and nationalist sentiment
Dollar set for biggest rise in two weeks on trade war fears
9/4/2018, 12:06:15 PMThe dollar extended gains on Tuesday as concerns about a possible escalation in trade conflict between the United States and China prompted investors to dump emerging market currencies. ✔ The U.S. dollar’s status as the chief reserve currency makes it the primary beneficiary of concern over trade conflicts ✔ It has gained nearly 7 percent since mid-April, when trade tensions first spilled into the limelight, and is set for its biggest daily rise in nearly two weeks ✔ Our Standards:The Thomson Reuters Trust Principles
KLA-Tencor stock gains after Evercore upgrade
9/4/2018, 1:09:27 PMundefined ✔ He expects uplift in spending from TSMC TSM, +0.32% off of historically low levels and at least 75 cents in incremental earnings per share from the company's announced Orbotech acquisition ✔ The S&P 500 SPX, +0.01% has risen 17% in that time, compared with a 25% gain for the PHLX Semiconductor Index SOX, +0.58% Have breaking news sent to your inbox
US auto sales mixed in August as tariff worries loom
9/4/2018, 2:08:51 PMundefined ✔ The US auto industry has seen sales at higher than expected levels so far this year, despite higher petrol prices and interest rates, and concerns about a trade war that largely targets autos ✔ But analysts predict major automakers may encounter headwinds in the second half of 2018, especially if the US imposes tariffs on vehicles imported from the EU and if a new Nafta agreement leads to upward pressure on vehicle prices
American manufacturers growing at fastest pace in 14 years, ISM finds
9/4/2018, 2:19:13 PMAmerican manufacturers are on a roll: Business conditions surged in August to a 14-year high, according to a a survey of industry executives. The Institute for Supply Management said its manufacturing index jumped to a 14-year high of 61.3% last month. ✔ The economy is firing on almost all cylinders, though the persistent threat of a broader trade war continues to threaten recent gains ✔ The 10-year Treasury yield TMUBMUSD10Y, +1.21% was little changed at 2.88% ✔ We Want to Hear from You Join the conversation Comment
Volatility jumps to kick off September, typically the toughest month for stocks
9/4/2018, 1:37:32 PMThe market's so-called fear index is ticking up ahead of what's typically the rockiest month of the year for stocks. ✔ Stocks are in their longest bull run since World War II and in August shrugged of worries over a trade war and geopolitical tensions ✔ A set of reports hinting at slower economic growth, an inflation spurt, or perhaps a little of both could quickly bring a new era of failing fundamentals
Foxconn associate to raise $527m in Shenzhen IPO
9/4/2018, 12:30:25 PMApple supplier Avary plans to expand share of printed circuit board market ✔ Its circuit boards are widely used in smartphones, tablets, wearable products, notebook computers, servers and automotive electronics ✔ Its competitors include Nippon Mektron, California-headquartered TTM Technologies and Taiwan's Flexium Interconnect ✔ Try 3 months for $9 Offer ends September 30th
Bank of Canada Seen as On Hold Until October
9/4/2018, 3:22:41 PMThe Bank of Canada is widely expected to keep its benchmark interest rate on hold at a policy announcement Wednesday, in part to allow more time to see how last-ditch efforts to include Canada in a new Nafta unfold. ✔ Although headline inflation came in well above expectations in July, at a near seven-year high of 3%, the central bank’s preferred measures for core inflation held steady at around 2% ✔ Several economists surveyed said the central bank is facing heightened uncertainty over the future of Nafta ✔ Obviously, if we’re entering an all-out trade war with the U.S., that wouldn’t be the time to raise interest rates
MoviePass is trading at just 2 cents a share, but investors are still piling into bets it's headed to zero
9/4/2018, 1:59:05 PMMoviePass parent Helios and Matheson Analytics has remained a popular target for short sellers, even as shares of the company trade near 2 cents. It's rare for short sellers to continue piling into bets against a company that's already fallen so far. ✔ As you can see, it's surged in recent months as MoviePass' woes have mounted ✔ Now read: Jeremy Grantham has predicted every modern financial bubble here's where he says you should be putting your money GOLDMAN SACHS: Buying these 17 stocks could help you crush the market as Trump's trade war heats up There's a new area of the stock market that's quietly crushing it here are some simple trades that can get you in on the action
Trump’s policies will displace the dollar
9/4/2018, 3:03:27 PMPresident Donald Trump’s misguided trade wars and anti-Iran sanctions will accelerate the move away from the dollar, writes Jeffrey Sachs. ✔ Also read: Yardeni on why Trump’s trade wars could boost U.S. jobs Already back in the late 1960s, America’s fiscal and monetary mismanagement led to the breakdown of the dollar-based Bretton Woods pegged-exchange rate system in August 1971, when President Richard Nixon’s administration unilaterally renounced the right of foreign central banks to redeem their dollars in gold
Nike slides after tapping Colin Kaepernick as the new face of its 'Just Do It' ads (NKE) | Markets Insider
9/4/2018, 1:59:06 PMundefined ✔ The players' union and league officials remain deadlocked over a May agreement between the two groups which said players would not be required to be on the field for the anthem, but any player who was on the field must stand or face a fine ✔ Now read: Jeremy Grantham has predicted every modern financial bubble here's where he says you should be putting your money GOLDMAN SACHS: Buying these 17 stocks could help you crush the market as Trump's trade war heats up Markets Insider
U.S. factory activity races to 14-year high in August
9/4/2018, 3:01:35 PMU.S. manufacturing activity accelerated to more than a 14-year high in August, boosted by a surge in new orders, but growing concerns over rising raw material costs as a result of import tariffs could restrain further growth. ✔ CONSTRUCTION SPENDING TEPID In a separate report on Tuesday, the Commerce Department said construction spending barely rose in July as increases in homebuilding and investment in public projects were overshadowed by a sharp drop in private nonresidential outlays
How to protect your fixed-income investments from inflation
9/4/2018, 1:25:56 PMThe strong economy and low unemployment are good news, but they also tend to augur inflation. If you are worried about the impact on your fixed-income investments, here's what to do. ✔ We like to diversify into a lot of different fixed-income instruments, said Brett Ewing, chief market strategist with First Franklin ✔ But now they need to consider a more balanced portfolio, he added ✔ An all-income portfolio could really struggle in coming years
Emerging market woes mount as dollar hits the boosters
9/4/2018, 12:24:40 PMA rebound in Chinese shares and a rally in Italian bonds failed to keep Europe's spirits up on Tuesday, as a renewed burst of dollar strength and news South Africa had slumped into recession ramped up the pressure on emerging markets again. ✔ Passersby using umbrellas struggle against a heavy rain and wind in front of an electronic stock quotation board as Typhoon Shanshan approaches Japan's mainland in Tokyo, Japan August 8, 2018 ✔ [GOL/][MET/L] Our Standards:The Thomson Reuters Trust Principles
Analysis | With India meeting, Trump administration seeks to build ties, not damage them
9/4/2018, 1:27:55 PMPompeo and Mattis head to New Delhi to meet their counterparts and bolster relations. ✔ The purchase would violate sanctions imposed by Congress, but lawmakers later allowed for the possibility that some nations could receive a presidential waiver ✔ Holding a meeting which sends the signal that everything is fine is not a small achievement in the current times
Trump's trade actions are heating up quickly
9/4/2018, 1:01:48 PMComing weeks promise furious activity, from China to autos to NAFTA, with higher prices and millions jobs at risk ✔ Echoing their dire predictions are companies, industry groups, global trading partners and even local city governments in U.S. Commerce Department hearings or public statements over the summer ✔ Wrote UBS's Carpenter: NAFTA talks will likely continue at a furious pace for the next 30 days
Analysis | The Finance 202: Trump's attack on Trumka could hurt him in NAFTA talks
9/4/2018, 12:17:23 PMHe needs the AFL-CIO president in his corner. ✔ Iran’s Oil Minister Bijan Namdar Zanganeh alluded to this toolbox, which was used in the past, when he said Iran will find ‘other ways’ to keep its crude in the market ✔ #TNYcartoons A post shared by The New Yorker Cartoons (@newyorkercartoons) on Sep 2, 2018 at 1:16pm PDT BULL SESSION Myanmar judge sentences Reuters reporters to prison: Massive fire engulfs 200-year-old museum in Brazil: British Army plays Respect as Aretha Franklin tribute:
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