Why Wall Street shouldn't worry about the trade war
9/5/2018, 6:58:04 PMOne investing expert thinks trade war fears are overblown. ✔ Analyst: Trade war is big headline, not big problem Investors shouldn't waste time worrying about the trade war ✔ Rather than focusing on trade, investors should keep an eye on the economic fundamentals at home, he said ✔ Hosted by CNN's business correspondents, the 15-minute program features incisive commentary from experts
Investors back off U.S. stock funds for first time in three weeks: ICI
9/5/2018, 4:50:37 PMInvestors spooked by trade-war fears took a cautious stance, pulling cash from U.S.-based stock funds for the first time in three weeks, the Investment Company Institute (ICI) said on Wednesday. ✔ During the week, traders took solace from a U.S.-Mexico agreement on trade and Fed Chairman Jerome Powell saying there was reason for caution about hiking rates too aggressively ✔ We believe the market’s path will be determined by something much simpler .. ✔ Our Standards:The Thomson Reuters Trust Principles
US-China tariffs creating a ‘barrier’ for American dairy
9/5/2018, 9:18:25 PMThe U.S. exported more than $577 million worth of dairy to China in 2017. ✔ In a tit-for-tat retaliation, the Chinese government imposed an additional 25 percent tariff on a number of American dairy products, including milk, cream, yogurt, whey, butter and cheese products in early July ✔ For the folks who are focusing on the higher-end products, they are essentially buying down the tariffs in the hopes that this eventually gets resolved by the end of the year
Trump says not ready to make trade deal with China
9/5/2018, 8:35:02 PMU.S. President Donald Trump said on Wednesday that the United States was not yet ready to come to an agreement over trade disputes with China but he said talks would continue. ✔ Ted Budd (R-NC) and GOP congressional candidate Mark Harris at Carmel Country Club in Charlotte, NC, U.S., August 31, 2018 ✔ Washington has demanded Beijing improve market access and intellectual property protections for U.S. companies, cut industrial subsidies and slash a $375 billion trade gap ✔ Our Standards:The Thomson Reuters Trust Principles
Trump's Asian summit snub will backfire
9/5/2018, 10:06:56 PMUS President's pullout helps Xi promote China's growing role ✔ Trump is pivoting away from the most promising markets of tomorrow, hurting corporate America's longer-term interests ✔ Trump brought his hard line nationalism into the room ✔ Unemployment is 3.9% and manufacturing is showing signs of life ✔ Try 3 months for $9 Offer ends September 30th
US exports to China sink 8.2% as tariffs hit soybeans
9/5/2018, 6:05:22 PMJuly trade deficit with Beijing marks highest on record at $36bn ✔ Imports edged up 0.9% to a record $212.25 billion on strong domestic consumption, while a strong dollar contributed to a 1.6% decrease in exports ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th
Asia markets set for lower open following tech sell-off stateside
9/5/2018, 11:32:32 PMTech stocks on Wall Street saw a sell-off overnight as Twitter CEO Jack Dorsey and Facebook COO Sheryl Sandberg testified in front of Congress. ✔ The ongoing trade war between the U.S. and China could also intensify this week, with President Donald Trump reportedly saying over the weekend that he is ready to impose tariffs on an additional $200 billion worth of Chinese imports as soon as the public comment period ends on Thursday
After the Bell: How the Dow Jones Industrial Average Sashayed Clear of the Tech Wreck
9/5/2018, 10:34:11 PMWhile the Nasdaq got hit hard by the collapse of high-flying tech stocks, the Dow actually finished higher on the day. ✔ Congressional testimony by Facebook’s Sheryl Sandberg and Twitter’s Jack Dorsey was blamed for hitting tech stocks hard on Wednesday, causing the Nasdaq to close down more than 1% ✔ And what it looks like is investors dumping all their momentum stocks all at once
Cramer Remix: Lululemon still has more room to run
9/5/2018, 11:12:58 PMJim Cramer details why the standout retailer is worth buying into any weakness. ✔ Honeywell CEO talks growth, spin-offs Adam Jeffery | CNBC Darius Adamczyk, CEO of Honeywell With the rise of e-commerce in full swing, Honeywell's 2016 acquisition of the automaton-focused Intelligrated is paying off in droves, Honeywell International Chairman and CEO Darius Adamczyk told CNBC on Wednesday
Stock market has room to rally more than 10% by year-end, says famed bull
9/5/2018, 6:08:54 PMStocks aren’t kicking off September with impressive gains. But a prominent bull expects the market to regain its momentum to rally double digits by year-end. ✔ See: Here’s when the yield curve actually becomes a stock-market danger signal Also read : Key contrarian indicator falls to 9-month low as stock investors grapple with heightened global risk Stocks were mixed Wednesday, with the S&P 500 SPX, -0.32% down 0.3% and the COMP, -1.08% sliding 1% while the Dow Jones Industrial Average DJIA, +0.01% attempted to buck the trend, rising around 24 points, or 0.1%
Intraday Update: Dow Gains 12 Points, but Did You See the Nasdaq?
9/5/2018, 5:15:04 PMMarkets are mixed today as tech stocks get hammered but the Dow manages to rise. ✔ Congressional testimony by Facebook’s Sheryl Sandberg and Twitter’s Jack Dorsey has hit the FANGs on Wednesdayand caused the Nasdaq to drop about 1% ✔ •...explain why the Dow is rising, but the Nasdaq is falling; •...highlight Harley-Davidson's (HOG) rise; •...and marvel at Twitter's (TWTR) big drop ✔ Strangely, the rest of the U.S. market is holding up just fine, despite tremors in Asia and Europe
Amazon is boosting Honeywell's business 'at the right time,' Honeywell CEO says
9/5/2018, 10:54:19 PMJim Cramer hears from Honeywell Chairman and CEO Darius Adamczyk on Honeywell's latest brushes with tech and trade. ✔ And, frankly, there are some other businesses that would be ahead of [these], which, obviously, raised them to the top of 'Maybe they don't belong in a portfolio.' And, by the CEO's account, he's making the right decision: We'll have gone from eight end markets to six and all of them are extremely appealing from an investment perspective, he told Cramer
Nasdaq slumps as Facebook, Twitter weigh on tech stocks
9/5/2018, 5:42:55 PMThe Nasdaq tumbled on Wednesday, on pace for its biggest one-day drop in three weeks, as investors sold off technology stocks on concerns stemming from U.S. lawmakers grilling Twitter and Facebook executives over foreign efforts to tilt U.S. politics. ✔ With concerns over trade simmering, Commerce Department data showed that the U.S. trade deficit hit a five-month high in July, suggesting the Trump administration’s protectionist policy was so far not having an impact ✔ Our Standards:The Thomson Reuters Trust Principles
4 reasons why big-name strategists are wrong about investing in emerging markets
9/5/2018, 6:41:45 PMTroubles in Indonesia, Turkey and Argentina show why investors should avoid this overhyped asset class. ✔ That followed news that ; that South Africa’s economy had slipped into a recession, and that Argentina’s central bank had raised its benchmark rate to 60%that’s no typoin an effort to stem capital flight from a country that just last June issued 100-year bonds that were gobbled up by some of the world’s supposedly most sophisticated investors ✔ That means giant EM index funds and ETFs, including the largest, the Vanguard FTSE Emerging Markets ETF VWO, -1.05% have 36%-40% of their holdings in China ✔ We Want to Hear from You Join the conversation Comment
3 ways Iran might respond to sanctions and what it means for oil prices
9/5/2018, 4:57:06 PMHow Iran responds to the resumption of sanctions following the U.S. withdrawal from a multilateral accord could be a big driver of oil prices in coming months. ✔ RBC looks for a steady increase in ballistic missile attacks (see chart below) fired from Yemen into Saudi Arabia, along with more provocative military maneuvers ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ We Want to Hear from You Join the conversation Comment
8@eight: ASX set for negative start as emerging market worries hover
9/5/2018, 10:01:45 PMWhat happened overnight and what's ahead for the ASX. ✔ Moreover, the JPY, normally the chosen risk-off asset for traders, has fallen against the greenback, to trade at around 111.50 ✔ Market watch: PI futures down 16 points or 0.3% to 6199 at 6.15am AEST AUD +0.3% to 71.96 US cents On Wall St at 4pm: Dow +0.1% S&P 500 -0.3% Nasdaq -1.2% In New York, BHP -0.9% Rio +0.4% Atlassian -4.7% In Europe: Stoxx 50 -1.3% FTSE -1% CAC -1.5% DAX -1.4% Spot gold +0.4% to $US1196.32 an ounce at 3.05pm New York time Brent crude -1.2% to $US77.26 a barrel US oil -1.6% to $US68.79 a barrel Iron ore +0.3% to $US66.79 a tonne Dalian iron ore +1.4% to 494 yuan LME aluminium +0.3% to $US2068 a tonne LME copper +1% to $US5871 a tonne 2-year yield: US 2.65% Australia 1.99% 5-year yield: US 2.77% Australia 2.15% 10-year yield: US 2.90% Australia 2.55% Germany 0.38% US-Australia 10-year yield gap: 35 basis points This column was produced in commercial partnership between Fairfax Media and IG
Democrat drives 35K miles seeking upset in Trump country
9/5/2018, 4:00:43 PMREDMOND, Ore. (AP) — One of the largest U.S. congressional districts voted overwhelmingly for Donald Trump in 2016, yet an Oregon Democrat campaigning against a Republican incumbe ✔ (AP) One of the largest U.S. congressional districts voted overwhelmingly for Donald Trump in 2016, yet an Oregon Democrat campaigning against a Republican incumbent doesn't see it as hostile territory ✔ I'm looking to represent the folks in my district who are not represented
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