Great earnings reports don't matter to investors, who fear a trade war will hit 2019 profits
10/24/2018, 10:14:22 PMAnalysts say fear of trade wars and tariffs are a big factor behind the near 8 percent sell-off in stocks this month, yet companies so far aren't broadly seeing much of an earnings impact from President Donald Trump's trade strategies. ✔ Of the 110 S&P companies that reported third-quarter earnings through Tuesday's close, 41 of them or 37 percent either explicitly discussed or answered questions about tariffs ✔ As long as buybacks and dividends provide liquidity at the end of October and into November, midterms usually coincided with, on average, very high equity returns, around 8 percent into year-end from mid-October, he said
Worker Scarcity, Tariff Anxiety, and 'Collaborative Robots.' How the Fed's Latest Survey Describes Modern American Businesses
10/24/2018, 10:08:32 PMThe Fed's beige book shows some companies are already raising prices in response to the trade war. ✔ A closely watched survey of U.S. businesses by the Federal Reserve shows companies generally positive about the pace of economic growth, but also increasingly grappling with two problems that can lead to higher prices or slower growth in the future: a tight labor market and the President Trump’s imposition of new trade tariffs ✔ Other companies indicated a concern about or problems from the trade tariffs that President Trump has imposed
S&P 500 Has Shed $1.7 Trillion in the Weeks Since Its All-Time High, Wiping Out All Its 2018 Gains
10/24/2018, 10:28:06 PMIt's not a market for the faint hearted. ✔ Tax cuts haven’t been enough to keep the stock market away from trade war fears in 2018 ✔ The Fed Beige Book, a survey of the country’s businesses, also revealed growing worries about how tariffs may increase the cost of their materials on Wednesday ✔ It’s a sentiment echoed by RBC CEO David McKay in a recent Fortune interview
Slumping Stock Market Enters Negative Territory for the Year
10/24/2018, 8:54:17 PMStocks dropped yet again on Wednesday, as the S. & P. 500 gave up its gain for 2018. ✔ The stock market stumbled yet again on Wednesday, as the benchmark Standard & Poor’s 500-stock index shed more than 3 percent despite solid earnings reports from companies like Boeing and Altria ✔ Declines in the tech sector generated significant pressure ✔ The Big Picture A near-relentless bout of selling has vaporized all the S.&P ✔ 20, investors were sitting on a respectable 9.6 percent gain for the year
Nasdaq falls into correction, Dow plunges more than 600 points
10/24/2018, 8:46:21 PMThe stock market plunged Wednesday, wiping out all of its gains for 2018. ✔ The tech-heavy Nasdaq plummeted more than 4% -- its worst daily drop since August 2011 ✔ Meanwhile, Amazon (AMZN) seems unstoppable and the company is increasingly getting into more new businesses ✔ Corporate IT managers will pull the rug when it comes to spending
Cramer explains why the sell-off is happening and what to do about it
10/24/2018, 11:48:31 PMJim Cramer says a combination of tariffs and a Federal Reserve under attack caused Wednesday's dramatic sell-off and asks investors not to be rash. ✔ Right now, it's one gigantic game of chicken, and no one's going to be a winner ✔ 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
Stocks fall sharply as tech leads sell-off
10/24/2018, 8:58:59 PMThe S&P 500 drops for a sixth straight day, and Nasdaq sheds 4 percent as investors get worried about growth ✔ Even so, traders are concerned about where economic growth is heading amid rising inflation, interest rates and uncertainty over trade ✔ The most recent increase was the eighth hike since the central bank started lifting its benchmark lending rate in late 2015 ✔ Indeed, we think that China's economy will lose more momentum, and expect the US-China trade war to rumble on
From bubble to bubble
10/24/2018, 10:05:11 PMAs Abe visits Xi, Japan's economic record has painful lessons for both leaders ✔ Now, Trump's trade war threatens to set Abenomics back to square one ✔ The Thai military junta that grabbed power in 2014 promising epochal reforms is coasting along ✔ He was given the 2018 prize for excellence in opinion writing by the Society of Publishers in Asia, for his work for the Nikkei Asian Review
Tesla posts SUBSTANTIAL profits despite Musk’s involvement in litany of BIZARRE scandals
10/24/2018, 11:55:56 PMTESLA has announced surprisingly high profits this financial quarter despite CEO Elon Musk being embroiled in several high-profile scandals - from bizarre Twitter spats to lawsuits. ✔ Jeremy Acevedo, manager of industry analysis at Edmunds, told The Guardian: The third quarter in many ways serves as Elon Musk’s redemption ✔ The Edmunds analyst also dismissed Mr Musk’s plans to get the cost of his Model 3 down to the targeted $35,000 (£27,000) as pure fantasy
AMD’s stock craters more than 20% after hours on weak graphics sales
10/24/2018, 9:25:55 PMAdvanced Micro Devices Inc. shares plummet in the extended session Wednesday after the chip maker’s outlook and revenue fall short of Wall Street estimates owing to weaker-than-expected graphics sales. ✔ AMD was expected to post adjusted earnings of 12 cents a share, according to analysts surveyed by FactSet ✔ Wallace Witkowski Wallace Witkowski is a MarketWatch news editor in San Francisco ✔ We Want to Hear from You Join the conversation Comment
Poison pill terms will kill fair trade - Opinion
10/24/2018, 11:36:28 PMundefined ✔ The Trump administration is worried that China's rise as a great power will undermine its advantages ✔ He advocates anti-globalization because he is not satisfied with the gains globalization has brought to the US economy and employment ✔ The author is a researcher with Chinese Academy of International Trade and Economic Cooperation
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Trump reportedly still uses an unsecured iPhone, and China and Russia are listening in
10/24/2018, 11:32:11 PMHe can’t stop, won’t stop ✔ Trump reportedly carries around three iPhones, with only two of them containing National Security Agency protections that would limit the ability for others to intercept communications or otherwise exploit vulnerabilities in the device ✔ The one silver lining here is that Trump does not text or use email, reducing the number of potential attack points for foreign agencies and hackers
Course unchanged for ECB as growth worries bubble under
10/24/2018, 10:20:03 PMThe European Central Bank seems certain to keep policy unchanged on Thursday but... ✔ The ECB announces its policy decision at 1145 GMT, followed by Draghi’s news conference at 1230 GMT ✔ Economists polled by Reuters are unanimous in expecting rates to stay unchanged and for the bond buys to end in December ✔ Our Standards:The Thomson Reuters Trust Principles
When Trump Phones Friends, the Chinese Listen and Learn
10/24/2018, 10:27:58 PMPresident Trump has been repeatedly told by aides that his cellphone calls are not secure from foreign spies. But he has refused to heed the warnings to stop talking. ✔ As a presidential candidate, he regularly attacked his Democratic opponent, Hillary Clinton, during the 2016 campaign for her use of an unsecured email server while she was secretary state, and he basked in chants of lock her up at his rallies ✔ New phone or old, though, the Chinese and the Russians are listening, and learning
Japan’s Abe set for warmer welcome from Xi during China visit
10/24/2018, 10:48:43 PMundefined ✔ Shinzo Abe will arrive in Beijing on Thursday for meetings with President Xi Jinping and Premier Li Keqiang, in what promises to be a much warmer affair than his last trip to the Chinese capital four years ago ✔ Japan’s business community is eager for better ties; the foreign policy establishment is more cautious
US warns Britain against Chinese alliances on nuclear plants
10/24/2018, 10:33:57 PMundefined ✔ The US is taking a tougher line on exports of sensitive technologies to China, in light of the increasingly close relationship between the Chinese civilian and defence industries, Ms Schepers said ✔ Mr Ford said that it was sharing the information with the UK as a key long-term ally
Explosives, Midterms, Markets: Your Wednesday Evening Briefing
10/24/2018, 10:27:56 PMHere’s what you need to know at the end of the day. ✔ Stocks have fallen for 13 of the past 15 trading days ✔ The pinch-hitter Eduardo Nunez slammed a three-run homer in the seventh to seal the win ✔ A Neil Young-esque chord progression captures the mood, framing vivid, autobiographical slices of her life ✔ Sign up here to get it by email in the Australian, Asian, European or American morning
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