Tariffs are a death wish on American start-ups
9/6/2018, 12:37:58 PMThe CEO of home automation start-up Brilliant explains how the trade war with China has hurt his company, even though it's entirely based in the U.S. ✔ Technology start-ups generally lose money as they establish their business, because everything is more expensive for a start-up than it is for a large company operating at scale ✔ Furthermore, a report by the National Retail Federation and the Consumer Technology Association shows that four jobs would be lost for every one job that is created by tariffs ✔ Emigh is the founder of Brilliant Home Technology, Inc
Emerging market sell-off hits 6th day in Asia as fears take hold
9/6/2018, 12:01:26 PMSliding currencies and China slowdown push fund managers to dollar havens ✔ Bin Shi, the head of Chinese equities at UBS Asset Management in Hong Kong, said sentiment in the mainland Chinese market is very, very weak, and much worse than sentiment in offshore Chinese markets ✔ Mainland investors were keen to make money every year whereas foreign investors took a longer-term view ✔ Try 3 months for $9 Offer ends September 30th
Asian stocks slide more on trade fears, tech share losses
9/6/2018, 12:12:04 PMTencent, Samsung, TSMC among the notable losers after Nasdaq retreat ✔ Mainland developer China Vanke declined 1.4% in Hong Kong despite reporting a 3.5% increase in its contracted sales for August to 3.84 billion yuan ($562 million) ✔ -- Suzannah Benjamin Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th
Tech weakness, trade jitters hit S&P, Nasdaq
9/6/2018, 2:41:54 PMThe S&P 500 and the Nasdaq dropped on Thursday, as internet stocks faltered for a second day on concerns about increased regulation, while Micron led a decline in chip stocks. ✔ Markets also focused on the North American Free Trade Agreement negotiations, which Canadian Foreign Minister Chrystia Freeland said on Wednesday continued to be constructive ✔ Trade concerns have been a drag on U.S. stocks since early this year as investors worry that a global trade war could dent business investment and growth ✔ Our Standards:The Thomson Reuters Trust Principles
Stock futures up slightly, but trade worries linger
9/6/2018, 1:09:16 PMU.S. stocks were set to open a tad higher on Thursday, as battered technology stocks attempted a recovery, but worries that the Trump administration would make good on its plan for fresh China tariffs weighed on the mood. ✔ Shares of these companies were up between 0.14 percent and 0.43 percent in premarket trading after falling sharply on Wednesday ✔ The tech hearings are over, so I would expect some of the beaten up tech names to recover a bit, Ken Polcari, director of the NYSE floor division at O’ Neil Securities in New York, wrote in a morning note ✔ Our Standards:The Thomson Reuters Trust Principles
China 'will retaliate' if US imposes new tariffs on $200bn of goods
9/6/2018, 2:38:59 PMProposed levies would come on top of existing 25% tariffs on $50bn of Chinese exports ✔ Levies would be imposed on more than 5,000 goods imported from the US, including aircraft, soya bean oil, smoked beef, coffee and flour ✔ There are worries that other countries could follow Argentina and Turkey into financial crisis, while South Africa has entered into recession ✔ The Indian rupee dropped to a new all-time low, falling to 72.095 against the dollar
US service sector growth picks up in August — ISM survey
9/6/2018, 2:40:34 PMundefined ✔ That’s up from the 55.7 recorded in July and topped expectations for a smaller rise to 56.8 ✔ The ISM data come ahead of Friday’s highly-anticipated jobs report and provides Federal Reserve officials with another piece of data to chew over as they deliberate on the pace of interest rate hikes this year ✔ Tariff-related cost increases are beginning to accelerate, whether tariffs have been put into effect or not, noted one respondent in the construction industry
Malaysia corporate earnings to lag initial growth view
9/6/2018, 12:01:28 PMSlowing economy, policy uncertainty weigh on sentiment amid mounting trade woes ✔ The FBM KLCI has recouped some of its losses since the shock victory of Alliance of Hope coalition at the May 9 general election, and is one of the few which have posted year-to-date gains in Asia where the global trade war has largely taken over headlines
Political turmoil means it's time to short US stocks — especially big tech, CEO says
9/6/2018, 3:42:15 PMThe recent waves of fresh backlash against major tech companies and political scandal in the U.S. are a threat to American equities, Quadra Capital Partners' CEO warns, advising investors to short the U.S. market despite record highs. ✔ We were surprised by the strength of the second quarter gross domestic product (GDP) 4 percent was more than what we expected, Touze said ✔ We haven't been right recently, but we believe you have to be careful in the way you'd invest in the U.S. for the remaining part of the year for sure
U.S. factory orders fall in July on weak aircraft demand
9/6/2018, 2:25:46 PMNew orders for U.S.-made goods fell slightly more than expected in July, weighed down by weak demand for aircraft, but signs of a pickup in business spending suggested that the manufacturing sector remained on solid ground. ✔ WASHINGTON (Reuters) - New orders for U.S.-made goods fell slightly more than expected in July, weighed down by weak demand for aircraft, but signs of a pickup in business spending suggested that the manufacturing sector remained on solid ground ✔ Orders for defense aircraft and parts tumbled 34.4 percent in July ✔ Orders for motor vehicles increased 1.3 percent in July ✔ Our Standards:The Thomson Reuters Trust Principles
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, JD, TSLA, C) | Markets Insider
9/6/2018, 12:46:11 PMundefined ✔ It's probably the most important moment yet in Trump's trade war with China ✔ Tesla's CEO has hired two lawyers as the US Securities and Exchange Commission reportedly investigates his tweets about trying to take the electric-car maker private, Fox Business says
Dollar weakens as sterling, euro advance; trade tensions support...
9/6/2018, 3:02:55 PMThe dollar edged down on Thursday following a bounce in European currencies, but concerns about U.S. President Donald Trump imposing further tariffs on Chinese imports provided some support to the greenback. ✔ The dollar index, which measures the greenback against a basket of six currencies, was down 0.18 percent at 95.011 ✔ That would represent a significant ramping up of the trade war between the world’s two largest economies ✔ Our Standards:The Thomson Reuters Trust Principles
Pence, Pompeo say they didn’t write anti-Trump op-ed | Kavanaugh stumbles over Harris’ Mueller questions
9/6/2018, 1:13:37 PMVice President Mike Pence and Secretary of State Mike Pompeo are denying authorship of the controversial anti-Trump New York Times op-ed written by what the newspaper said was a senior administration official. ✔ Doubts on tax bill: The Hill writes House GOP leaders insist they plan to hold a floor vote on a second package of tax cuts this month, ✔ Robert Schroeder Robert Schroeder is the White House reporter for MarketWatch ✔ We Want to Hear from You Join the conversation Comment
Analysis | The Finance 202: White House economic advisers dispute Labor Department's wage numbers
9/6/2018, 12:48:03 PMIt's not really a case of fake stats. ✔ Bloomberg News's Srinivasan Sivabalan: For stocks, it’s 222 days ✔ #TNYcartoons A post shared by The New Yorker Cartoons (@newyorkercartoons) on Sep 5, 2018 at 9:34am PDT BULL SESSION Key moments from Day 2 of Brett Kavanaugh's confirmation hearing: Congressman auctions protester out of hearing room: Late-night laughs: The scathing NYT op-ed about Trump
Dollar dips despite U.S. tariff fears as Brexit hopes lift pound
9/6/2018, 12:05:01 PMThe dollar edged down on Thursday after a bounce in European currencies but investors said concerns about U.S. President Donald Trump imposing further tariffs on Chinese imports could lift the greenback. ✔ The Swedish central bank is expected to be among the last to end stimulus policies dating from the 2008 financial crisis ✔ The krona may struggle to rally much even with the Riksbank continuing to indicate a rate hike is coming later this year, said Kit Juckes, global head of FX strategy at Societe Generale ✔ Our Standards:The Thomson Reuters Trust Principles
U.S. weekly jobless claims drop to near 49-year low
9/6/2018, 2:51:40 PMThe number of Americans filing new claims for unemployment aid fell to near a 49-year low last week and private payrolls rose steadily in August, pointing to sustained labor market strength that should continue to underpin economic growth. ✔ The dollar was lower against a basket of currencies ✔ According to a Reuters survey of economists, nonfarm payrolls likely increased by 191,000 jobs in August, which would be an acceleration from the 157,000 jobs created in July ✔ Our Standards:The Thomson Reuters Trust Principles
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