US Trade War: World Trade Organization called in to investigate US tariffs
10/19/2018, 12:19:46 PMTHE World Trade Organization has been called into to investigate clashes with the US on steel and aluminium tariffs. ✔ It added that consultations with the US under the WTO had failed to resolve the Chinese government’s concerns, which is why the request had been made ✔ Mexico and China are still subjected to the metals tariffs despite striking a deal to overhaul the North American Free Trade Agreement (NAFTA)
Chinese stocks facing worst month since 2016
10/19/2018, 2:41:05 PMundefined ✔ It remains down 15 per cent this year, with a 30 per cent plunge in Chinese technology group Tencent doing much of the damage ✔ If stock markets continue to drop, some banks would call the corporates because the value of their collateral would decrease, triggering sell-off
Volvo Is Building Cars in the U.S. But Won't Shout About It
10/19/2018, 3:27:04 PMThe new S60 will roll off production lines in South Carolina. ✔ When Volvo’s first American-made car reaches dealerships later this year, the Swedish automaker won’t flaunt the homegrown angle to U.S. consumers ✔ Half of the vehicles made at Volvo’s South Carolina factory will be exported to markets including Europe, China and South America
Honeywell Jumps, Procter & Gamble Soars as Dow Climbs
10/19/2018, 12:36:41 PMU.S. markets were starting Friday off strong thanks to strong earnings and a bounce from Chinese stocks. ✔ Barron’s Briefs Not dead yet One day after taking a drubbing that too it dangerously close to its 200-day moving average, the S&P 500 is rallying back ✔ The stock got hammered after cutting its third-quarter guidance earlier this month, and is down 15% this year as it struggles and with slowing Chinese auto volumes and higher raw materials prices
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, PYPL, TSLA) | Markets Insider
10/19/2018, 12:51:58 PMundefined ✔ Trump is pulling the US out of an obscure 144-year-old treaty to take a shot at China in the trade war ✔ China's economic growth missed for the first time in 3 years ✔ Beware the 'real killer' in markets that's threatening to strike after decades in hiding
U.S.-China trade feud dents American automakers
10/19/2018, 1:55:19 PMGeneral Motors and Ford are seeing a sharp fall in vehicle sales in China, with as more car tariffs loom ✔ And those drops are weighing on the carmakers' share prices ✔ Both companies, which make and sell cars in China in joint ventures with Chinese companies, were caught in an overall 11.6 percent decline in Chinese auto sales -- the biggest drop in nearly seven years ✔ That last-minute deal narrowly avoided tariffs on cars from those countries ✔ But if U.S. tariffs expand broadly to additional countries, that move could prove futile
Proctor & Gamble Earnings Sent the Stock Flying
10/19/2018, 3:07:38 PMProctor & Gamble stock is lifting the consumer staples sector Friday, thanks to strong earnings. Consumer staples stocks have been starved for good news for much of the year. ✔ And while pricing was flat in the quarter, that’s better than the 2% decline we saw this summer in its fiscal fourth-quarter results ✔ That’s what makes P&G’s organic sales growth so encouraging, because it was able to demonstrate ongoing resonance with shoppers, rather than delivering a beat on cost cutting ✔ Make the Connection Barron’s also argued it’s not time to give up on dividend stocks
Full Employment? The Economy Isn't Acting Like It
10/19/2018, 12:06:02 PMUnemployment at 3.7% is less exciting than it used to be. On the whole, that’s a good thing. ✔ Bryan Anselm Redux Plus, an unemployment level consistent with a healthy, fully recovered economy is lower than it used to be because of demographic changes, says Adam Ozimek, a senior economist at Moody’s Analytics ✔ This article originally appeared in the November 1, 2018 issue of Fortune
China just had the worst quarter for economic growth since the depths of the global financial crisis
10/19/2018, 1:43:18 PMChina’s economy slowed in the September quarter, according to data released by China’s National Bureau of Statistics (NBS). From a year earlier, the economy grew by 6.5%, down from 6.7% in the year to June. ✔ Markets had been expecting sales growth to remain at 9% ✔ There has been negligible market reaction to the reports with investors seemingly more interested in the performance of Chinese stocks which have rebounded strongly following an ugly plunge on Wednesday, helped by a string of headlines that suggest policymakers intend to roll-out measures to help stymie or reverse recent selling pressure
China’s new booze university wants to change how Americans drink
10/19/2018, 2:01:03 PMIt’s part of Beijing’s push to bring indigenous products to a global market amid fears of greater trade rifts with the United States. ✔ By Danielle Paquette Danielle Paquette Reporter focusing on national labor issues Email Bio Follow October 19 at 9:31 AM YIBIN, China China’s mission to protect its economy now includes a college where the students study booze ✔ The trade war doesn’t scare Zheng Jia, deputy director of Wuliangye’s technology research center
On my Arizona ranch, I see how federal handouts put ranching land and self-sufficiency at risk
10/19/2018, 12:18:25 PMMy family has sought to remain self-sufficient in running our ranch. But the trap of federal subsidies has reshaped our land and even our culture. ✔ This is very rough country, mostly volcanic materials extruded through limestone faults; it's all very durable rock ✔ Eric Schwennesen is a rancher in Arizona and the author of The Field Journals: Adventures in Pastoralism ✔ He is director of Resource Management International and has worked to promote healthy rangelands for decades
Politicians say nothing, but US farmers are increasingly terrified by it – climate change
10/19/2018, 12:13:49 PMResearch forecasts Iowa corn yields could drop in half within the next half-century thanks to extreme weather – yet it’s not part of the political conversation ✔ The University of Minnesota forecasts, based on research at Nasa, that Iowa corn yields could drop in half within the next half-century because of extreme weather and soil depletion ✔ His new book, Storm Lake: A Chronicle of Change, Resilience and Hope from a Heartland Newspaper, was published by Viking (Penguin Random House) on 2 October
The Crisis in U.S.-China Relations
10/19/2018, 3:52:42 PMThe Trump administration has staked out an aggressive position, but its critique of Chinese behavior is widely shared and points to the need for a new American strategy. ✔ It is a non-starter to think that Chinawhose economy is 30 times larger than it was three decades ago and is now the world’s first or second largestwill be content as a mere responsible stakeholder (to use then-Deputy Secretary of State Robert Zoellick’s 2005 phrase) in a U.S.-designed and dominated international system
Analysis | The Finance 202: Uber illustrates long Saudi shadow in U.S. business world
10/19/2018, 12:27:43 PMThe ride-sharing company took a $3.5B investment from Saudis in 2016. ✔ They have stolen our intellectual property,’ Kudlow said at the Detroit Economic Club on Thursday ✔ (AP Photo/Jacquelyn Martin) CFPB to probe official's racial comments ✔ Royal couple charms in Australia: Remembering Big Bird and Oscar through the years:
Analysis | The Daily 202: Trump’s fixation on immigration reflects his belief that the midterms will be a base election
10/19/2018, 12:55:36 PMA shouting match erupts outside the Oval Office over immigration. ✔ Ryan Zinke announces a ban on mining claims north of Yellowstone National Park ✔ Here are both of the ads: Another attack ad featured Post Pinocchios that were never awarded: And Big Bird puppeteer Caroll Spinney announced he would retire from Sesame Street after nearly 50 years:
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