Beijing targets superstars following Fan Bingbing's epic tax fine
10/6/2018, 9:18:28 AMAnalysts say China is gathering tax revenues to support a prolonged trade war ✔ The crackdown can also be seen as a move forward in Beijing's ongoing efforts to expand state influence over the private sector, Lam said ✔ Such an increase in financial burden would put many companies out of business, the person added ✔ The show business is definitely a big source for the funds, he said
U.S. Tariffs on China Aren’t a Short-Term Strategy
10/6/2018, 4:14:18 PMThe White House is using tariffs differently with China than with other nations—and the levies between the world’s two largest economies likely will be cemented in place for years. ✔ A failure there, says Myron Brilliant, the U.S. Chamber of Commerce’s executive vice president, is bound to mean that the U.S. goes ahead with plans to increase tariffs on a tranche of $200 billion of Chinese goods from 10% to 25% ✔ Both parties are anti-China, and that’s the way protectionism works, he said
Japan and US in HUGE show of military might - Troops STORM South China Sea beach
10/6/2018, 3:52:41 PMJAPANESE troops have shown their military might in joint exercises with US and Filipino troops today in a stunning display of strength. The exercise involved up to fifty unarmed Japanese soldiers in full army uniform replicating a real life combat drill in the San Antonio province of Zambales, Philippines. ✔ US Marine communications officer, First Lieutenant Zack Doherty, said: It has nothing to do with a foreign nation or any sort of foreign army ✔ This is exclusively counter-terrorism within the Philippines ✔ This year's 10-day Kamandag exercise finishes on Wednesday, October 10
Analysts on the Yield Curve, and on China’s Economic Woes
10/6/2018, 12:05:49 AMPlus, growing U.S. factory output feeding capital expenditures. ✔ So why should the U.S. continue to enable Xi’s geopolitical master plan by allowing the Chinese to run a huge trade surplus with the U.S. and to steal U.S. technology ✔ The average July/August level of these shipments is a robust 1.8% (not annualized) above the second quarter average, indicating the capital equipment component of real GDP will make a significant contribution to third quarter GDP growth
EU ‘STOKING TROUBLE’ on Northern Ireland border in bid to ‘KEEP OUR MONEY’, MEP blasts
10/6/2018, 7:07:19 AMTHE IRISH border issue is being weaponised by the European Union to stop the UK from leaving the bloc, to keep our money and to create a political crisis which does not exist, a leading MEP has warned. ✔ Sometimes common sense goes missing and people create bigger problems than already exists ✔ She said: There has never been a hard border since 1923 ✔ Some good will between parties and the good implementation of modern technology would all the process to work smoothly ✔ The shocking thing is the gullible Government believe the EU’s bluff
Morgan Stanley’s 2019 forecast for tech stocks has an ominous resemblance to the dotcom-bubble era
10/6/2018, 2:12:29 PMBI PRIME: Strategists at Morgan Stanley Wealth Management compared this bull-market run to the rally before the dotcom bubble burst in 2000, and found some striking similarities. One of them indicate that the fortunes could reverse for tech stocks, which have been big winners of this bull market. ✔ That could augur well for emerging markets, which have trailed US stocks this year and in the 2013-2018 period ✔ Morgan Stanley Chandar and his colleagues were sending clients a different message on tech back in 2015, when the Nasdaq composite reclaimed its tech-bubble high above 5,000 ✔ To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content
Just the job: A giant leap back to 1969
10/6/2018, 2:55:50 AMundefined ✔ FT subscribers can click here to receive Market Forces every day by email ✔ A reader wrote earlier on Friday: A client just forwarded your note ✔ This is a good barometer of the Sino-US trade temperature as intellectual property rights are a key source of tension
3 ways to protect your kids' college savings if the market falls
10/6/2018, 10:53:25 AMFamilies have about $329 billion in 529 college savings plans. The average balance is $24,153. So many wonder what to do if the market hits the skids. ✔ These common mistakes can make college even more expensive ✔ A better approach is to increase the amount you save each month, to compensate for the losses ✔ We usually suggest that parents go aggressive for the first 12 to 14 years, then shift to the moderate age-based allocation, LaBrecque said ✔ It is possible to move into less-risky options along the way
The US-China Cold War Has Begun
10/6/2018, 12:59:24 PMThe special Sino Saturday edition by Clay Chandler. ✔ The existence of a weapon so destructive, Orwell predicted, would put an end to overt shooting wars between great powers, and replace them instead with endless below-the-brink hostilities: espionage, subterfuge, influence-peddling, propaganda, and proxy wars ✔ Financial Times Advertisement Innovation and Tech Hardware hack ✔ Find previous editions here, and sign up for other Fortune newsletters here
Rising Treasury Yields Could Batter Stocks
10/6/2018, 12:36:59 AMCombined with concerns about Italy’s economy and tensions with China, higher yields clobber Wall Street ✔ But another factor is weighing on the U.S. bond market ✔ This yield back-up will bite, declares David Rosenberg, chief economist and strategist for Gluskin Sheff ✔ That’s been a question keenly examined here and in other quarters ✔ But we’re a long way from neutral at this point, probably, he concluded
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