Trump's favorite report card for the trade war keeps getting uglier
10/5/2018, 10:18:55 PMThe US trade deficit increased in the month of August due to a nosedive in exports, especially soybeans. The trade deficit with Canada also increased. President Donald Trump has made the reduction of the trade deficit one of the key goals of the tariffs and trade war policy. ✔ China, the largest buyer of US soybeans, imposed tariffs on the American crop and it appears the restrictions are taking a toll ✔ Looking ahead, cooler global momentum and the stronger dollar will continue to temper export growth while imports will stay well-supported by upbeat domestic demand, fiscal stimulus and the strong greenback, Daco said ✔ Tariffs and persistent trade policy uncertainty are the key risks to our outlook
Who will win the Trump-China trade war? And at what cost? - Los Angeles Times
10/5/2018, 9:41:50 PMPresident Trump — and his supporters — think he’s winning the trade war. Just look at the Chinese economy. The nation is dealing with a mountain of debt, and its growth and investment is slowing down. But is Trump’s trade war responsible for China’s problems? And if he keeps on going, can he win? ✔ China has been moving to reduce bad loans by banks and off-budget loans by local governments, leading to an economic slowdown as credit tightens ✔ Each is adjusting its strategic posture to put more emphasis on containment and conflict ✔ Each is effectively attempting to ‘win’ the future at the other’s expense, he wrote
Opinion | This is what sleepwalking into war looks like
10/5/2018, 11:49:20 PMPresident Trump and Congress are weakening our tools for dealing with the Chinese challenge, both economically and politically. ✔ By Robert Kagan Robert Kagan Contributing columnist focusing on foreign affairs Bio Contributing columnist October 5 at 6:07 PM If the world was just about money, and the primary goal of U.S. foreign policy was just to get more of it, then Donald Trump might be someone you would want in the White House ✔ Trump’s openly declared economic nationalism can only stimulate similar attitudes elsewhere it is already having that effect in Europe
Stock market will have a year-end rally, predicts Raymond James' Jeff Saut
10/5/2018, 10:41:05 PM"We would take small trading profits here," says Raymond James' Jeff Saut. But after being on the defensive for a few weeks, the market is going to rally, he predicts. ✔ Rebecca Patterson, chief investment officer at Bessemer Trust, called the sell-off normal and nothing to panic over ✔ Even if starting to get good valuations in tech, how many people want to bottom-fish and bring that sector back up until we get a little more clarity on U.S.-China and the regulatory regime
‘Limited Catalysts Ahead’ for HP, Analyst Says
10/5/2018, 10:22:35 PMHP has surprised the doubters since its split from Hewlett Packard Enterprise, but JPMorgan’s Paul Coster thinks momentum may be harder to come by in the near future. ✔ Investors haven’t always been confident about HP Inc.’s future as a maker of printers and personal computers ✔ HP has had a strong financial performance over the past year, even as the cost of memory has surged, but Coster thinks the company may have done too good a job, particularly on the personal-computer side of the business
Gundlach: Bond Market “Game Changer”
10/5/2018, 8:42:30 PM“Bond Kind” says the yield on the 10-year Treasury could climb to 3.5% while that of the 30-year could hit 4%. ✔ The 30-year yield has definitively broken above a multiyear base that should, over time, carry us to significantly higher yields, Gundlach told Reuters ✔ -- Ross Snel ALSO IN ADVISOR CENTER JPMorgan: Trade War to Hurt China Stocks Congress to the Rescue on Retirement Savings
New RIA Lender Challenges Live Oak
10/5/2018, 9:26:16 PMRIAs, your options for borrowing money to fund succession or acquisition plans are increasing. ✔ Acting as a loan originator and underwriter, Succession has a correspondent network of 12 national banks and charges a 2% origination fee, half of which it receives ✔ -- Ross Snel ALSO IN ADVISOR CENTER JPMorgan: Trade War to Hurt China Stocks Congress to the Rescue on Retirement Savings
Cramer tracks the 'perfect storm' taking down retail stocks
10/5/2018, 11:12:39 PMJim Cramer explains why the "death of retail" narrative isn't going away anytime soon. ✔ For money managers who chase growth and thirst for it wherever they can find it, tougher comparisons mean one thing: sell, sell, sell ✔ Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine Questions, comments, suggestions for the Mad Money website
Finance Heavyweights Jump Into Crypto
10/5/2018, 9:07:53 PMThree big names in finance are making significant investments in cryptocurrencies, underscoring growing mainstream interest in the space. ✔ He said he liked Bitwise’s diversified approach to crypto investing ✔ Last November, it launched the 10 Private Index Fund, which holds the 10 largest digital currencies by market cap ✔ -- Ross Snel ALSO IN ADVISOR CENTER JPMorgan: Trade War to Hurt China Stocks Congress to the Rescue on Retirement Savings
Week’s Best: Retirement Legislation, Wells Fargo’s Exodus
10/5/2018, 9:41:43 PMA roundup of advisor-industry news from Barron’s Advisor Center. ✔ Agency/Getty Images) Text size The House of Representatives recently passed legislation aimed at helping Americans better save for retirement ✔ Back in 2008, Wells acquired Wachovia Securities, which not long before had bought A.G ✔ The deal unites two leading TAMPs, or turnkey asset management programs, and is expected to close by the end of the year
Trump VICTORY? EU may ABANDON tariffs on US cars after threats to German industry
10/5/2018, 10:52:37 PMDONALD TRUMP may have won his trade battle with the EU, after Germany said they are ready to discuss dropping EU tariffs on US cars, which currently stand at 10 percent. ✔ Mr Altmaier’s surprise comments came after an EU trade ministers meeting in Innsbruck ✔ They send a Mercedes in, we can’t send our cars in ✔ This is unlikely to worry the US President however, who previously said he would withdraw from WTO if they don’t shape up and start treating the US in a way he perceives more fairly
Samsung poised to cut back chip investment as market peaks
10/5/2018, 9:54:29 PMDRAM prices seen tailing off after dramatic and profitable rise ✔ Workers at a Samsung semiconductor plant in South Korea ✔ SEOUL -- Despite a record quarterly profit thanks to the stellar performance in its mainstay semiconductor business, Samsung Electronics looks ready to slow investment in that field in anticipation of declining prices ✔ Samsung is considering cutting its capital spending on investments from 2017 and 2018
Cramer's game plan: Finding bottom in an oversold market
10/5/2018, 10:27:44 PMJim Cramer shares his outlook on the week ahead and tells investors how he thinks the market could regain bull status. ✔ is up more than 150 percent this year, so it could go a lot lower before it starts going higher again ✔ Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramer's world ✔ Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine Questions, comments, suggestions for the Mad Money website
The Next U.S.-China Clash: Iranian Oil
10/5/2018, 8:02:54 PMAlready at odds on numerous fronts, the two are expected to skirmish over November’s sanctions on the OPEC member. ✔ An ad hoc playbook for not sweating some of these smaller sales was written from 2012 through 2015, when the Obama administration gradually whittled Iran’s exports down to one million barrels daily ✔ China’s hierarchy has made a similar decision, implies JPMorgan in an Oct. 4 note, declaring, A full-blown trade war becomes our new base-case scenario for 2019
Pompeo doesn't see China tensions hurting North Korea talks
10/5/2018, 10:37:06 PMAsia-focused English-language publication that brings you insights about business, finance, economic and political news, comments and analysis for Asia, by Asia on asia.nikkei.com ✔ Kim pledged at an unprecedented June 12 meeting with Trump to work toward denuclearization of the Korean peninsula, but his actions since have fallen short of Washington's demands for irreversible steps to give up an arsenal that potentially threatens the United States
Pence accuses China of ‘malign’ campaign to undermine Trump
10/5/2018, 11:34:49 PMWASHINGTON--U.S. Vice President Mike Pence intensified Washington's pressure campaign against Beijin ✔ China expert Chris Johnson, a former CIA analyst now at Washington's Center for Strategic and International Studies, said Pence's speech appeared aimed in part at building a narrative that a vote for the Democrats would be vote for China ✔ Even if you accept all of Pence’s complaints at face value, it’s hard to make the case that the administration’s Cold War-style vilification of China will be effective or beneficial to U.S. interests, since it's clearly pushing Beijing to intransigence, not compromise
Cramer Remix: How this drug stock put the bear case to rest
10/5/2018, 11:12:40 PMJim Cramer details Eli Lilly's miraculous rally and how it went from loathed to loved in a matter of months. ✔ Reilly added that Oracle has been a good partner to Cloudera for a long time, reselling Cloudera's software to clients and partnering with the company on work in the cloud, which he said will continue ✔ Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine Questions, comments, suggestions for the Mad Money website
The Markets Are a Jungle. Good Thing Felix Zulauf Is Your Guide
10/5/2018, 10:41:04 PMSavvy investor Felix Zulauf sees higher bond yields, lower stock prices, and more gains for the dollar. ✔ It kept the budget deficit around 1% of gross domestic product in recent years, as instructed, which meant the country, with a dysfunctional banking system, had no growth and high youth unemployment ✔ There will be explosive growth in blockchain applications, which will remove a cost layer in the world economy by removing the need for intermediaries
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