Trump is NOT winning the trade war - shock China data suggests
10/12/2018, 9:45:43 PMDONALD Trump is not winning his trade war against Beijing, according to Chinese data. ✔ China’s exports rebounded while imports remained robust, thanks to strong demand at home and abroad despite fractured relations with the US, according to Bloomberg ✔ Mr Trump lashed out as as senior White House figures accused China of trying to destabilise US democracy and presenting the most serious threat to its security
'Now's the time' to stand up to China: US security adviser Bolton
10/12/2018, 10:19:00 PMWashington continues broadsides against Beijing that go beyond trade war ✔ They need to know they have not achieved a fait accompli here ✔ The future remains uncertain on the president's diplomacy ✔ Neither does Mike Pompeo, neither does Jim Mattis, neither do I, Bolton said, referring to the U.S. secretaries of defense and state
10/12/18 "The Takeout" talks to Sen. Joni Ernst
10/12/2018, 10:25:59 PMCBS News' Major Garrett sits down with Iowa Republican Senator Joni Ernst to discuss President Trump's relationship with Kim Jong Un, Brett Kavanaugh's confirmation hearings, and how the trade war with China is affecting farmers in her home state.
What could soothe markets? Solid earnings, economic reports
10/12/2018, 10:49:37 PMWASHINGTON (AP) — After a harrowing week for financial markets, investors will look for solid corporate earnings reports and healthy economic news over the next few weeks to calm things down. This week, sharply higher bond yields, fears of faster rate hikes, and the prospect of a long trade war between the United States and China prompted a two-day rout in the stock market. The Dow Jones Industrial Average plummeted 1,300 points on Wednesday and Thursday.
European rally runs out of steam
10/12/2018, 10:27:36 PMA rebound on European markets faltered late in trading yesterday as sentiment remained fragile after the worst week for stocks in eight months. ✔ The FTSE 100 erased a 1pc gain to sink into the red for a third straight day as a rally in Europe ran out of stream ✔ On Thursday, the FTSE 100 suffered its second correction of 2018 – a fall of more than 10pc from an index’s 52-week high ✔ The S&P 500 snapped a six-day losing streak to post a 1.42pc gain at the end of trade
Divisions paralyze G-20 as world faces economic turmoil
10/12/2018, 8:33:11 PM'Winter is coming,' says Indonesian president as US-China rift sends chills ✔ The differences that still persist should be resolved by the members that are directly involved in the tensions, he said ✔ But no progress in that direction was evident at the gathering ✔ The emerging rivalries among members look to be damaging the group's ability to cope with today's challenges
Stocks close higher Friday after two-day bloodbath
10/12/2018, 9:00:31 PMThe Dow rises again in wake of market rout, but U.S. stocks still suffered their biggest weekly loss in six months ✔ Volatility is back Analysts say the eruption of market volatility over the previous two days should not be surprising, especially after the long stretch of relative calm investors have enjoyed ✔ not to be feared, but embraced, as varying data points will cause bouts of market anxiety ✔ --CBS News' Irina Ivanova contributed reporting
Netflix and PayPal Execs Brace for Earnings After Market Tumble
10/12/2018, 8:58:23 PMIn selloff’s wake, tech execs have nowhere to hide. A more candid earnings season looms. First up: Netflix, PayPal, and Lam Research. ✔ The company posted a shocking decline in daily active users for the June quarter, and the stock has notched 16 new lows since Sept ✔ Wall Street will also home in on Advanced Micro Devices (AMD) and Intel (INTC) to gauge the extent of the former’s market-share gains in servers ✔ In the wake of the selloff, tech executives have nowhere to hide
Abe to visit China Oct 25-27
10/12/2018, 9:43:11 PMShinzo Abe will pay the first visit to China by a Japanese prime minister since 2011 later this month, Beijing announced Friday, in the latest sign of warming ties between the rivals. Abe will visit from October 25 to 27 and mark the 40th anniversary of the Treaty of Peace… ✔ But he has since softened his rhetoric and called on China to press North Korea to give up its nuclear and missile programs ✔ At the time, the Chinese foreign ministry said Tokyo should act cautiously and avoid doing anything which would harm regional peace and stability
Canadian dollar steadies as oil and stock prices rebound
10/12/2018, 8:47:44 PMThe Canadian dollar was little changed against a broadly stronger greenback on F... ✔ U.S. crude oil futures CLc1 settled 0.5 percent higher at $71.34 a barrel ✔ Canadian heavy crude sells for much less than the price of U.S. oil, with the differential reaching the widest level ever this week at more than $50, according to Shorcan Energy Brokers ✔ Our Standards:The Thomson Reuters Trust Principles
Dow Rises 287 Points Because Nothing’s Really Wrong
10/12/2018, 10:05:25 PMAll three major U.S. indexes rose Friday, led by the Nasdaq Composite, although they are all down for the week. ✔ After a nerve-wracking day of ups and downs, the market finally closed in the black ✔ The S&P 500 rose 1.4%, and the Nasdaq Composite advanced 2.3%, driven by tech stocks’ strong comeback ✔ Many worry that the Fed’s tightening could lead the U.S. into a recession, but Schutte doesn’t think that’s likely
FTSE 100 bounces back - global shares see best day in MONTH after global markets bloodbath
10/12/2018, 9:27:25 PMGLOBAL Markets are having their best day in nearly a month just 24 hours after £26billion was wiped off the FTSE 100 alone from a Wall Street sell-off. ✔ But there are reports Mr Trump could hold talks with Chinese president Xi Jinping at the upcoming G20 summit on November 30 ✔ Former congressman Ron Paul told RT that a major crash is just a matter of time ✔ He said the US is approaching the biggest bubble in the history of mankind
Global stocks rebound but S&P 500 posts biggest weekly loss since...
10/12/2018, 9:16:35 PMStock markets worldwide rebounded on Friday after a multi-day sell-off but still... ✔ The MSCI index was down 3.9 percent for the week in its biggest weekly decline since March 23 ✔ U.S. Treasury yields edged up, recovering from falls in the previous session, as investors unwound safe-haven bids ✔ Our Standards:The Thomson Reuters Trust Principles
Wall St. rebounds with technology stocks leading the way
10/12/2018, 8:56:16 PMThe U.S. benchmark S&P 500 stock index snapped a six-day losing streak on Friday... ✔ The biggest drag on the subsector was JPMorgan Chase & Co (JPM.N), which closed down 1.0 percent despite reporting a quarterly profit that beat expectations ✔ PNC Financial (PNC.N) led the percentage losers among bank stocks, with a 5.6 percent drop after the regional bank reported disappointing quarterly loan growth and said it expected only a small improvement in lending this quarter ✔ Our Standards:The Thomson Reuters Trust Principles
U.S. security adviser Bolton vows tougher approach to China
10/12/2018, 9:52:29 PMU.S. national security adviser John Bolton has vowed to further intensify the Tr... ✔ Bolton did not elaborate on his remark about mineral exploitation in the strategic waterway, which China claims almost in its entirety in spite of several rival claimants ✔ The future remains uncertain on the president’s diplomacy ✔ Our Standards:The Thomson Reuters Trust Principles
Tech stock rally helps snap losing streak as rough week ends
10/12/2018, 9:16:05 PMWorld stocks are climbing Friday after two days of sharp losses. ✔ Investors view them as relatively safe, steady assets that look better when growth is uncertain and the rest of the market is in turmoil ✔ AP Markets Writer Marley Jay can be reached at http://twitter.com/MarleyJayAP Associated Press Writer Annabelle Liang contributed from Singapore
'It hits a nerve': the politicisation of the population debate
10/12/2018, 11:56:29 PMRaw emotion and cold election calculus are helping to fuel a resurgent political debate over population growth that will have far-reaching consequences. ✔ Politics Federal Population 'It hits a nerve': the politicisation of the population debate By Jessica Irvine13 October 2018 12:00am Normal text sizeLarger text sizeVery large text size Bob Birrell is no stranger to controversy ✔ All of us who were born in Australia or were able to move here won the ovarian lottery
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