AMD Chief Lisa Su Says the Trade War Is an Opportunity
10/25/2018, 2:48:55 PMAdvanced Micro Devices CEO Lisa Su says technology consumers and industry buyers are becoming more concerned about the trade war between the U.S. and China, potentially impacting chip industry spending. ✔ The tariffs add complexity to the supply chain, Su said ✔ But its fourth-quarter revenue outlook was significantly below the Street at a range of $1.4 billion to $1.5 billion, compared with the $1.6 billion average forecast ✔ Su is still confident about AMD’s product pipelines for both of its CPU and graphics businesses, noting a tendency of some investors to myopically focus on short term quarter by quarter results
EU CRISIS: Eurozone growth slips to SLOWEST rate in TWO YEARS
10/25/2018, 12:01:05 PMEUROZONE growth skidded to its slowest rate in more than two years in October, with the economy gripped by escalating US-China trade war fears and an ongoing spat between Italy and EU chiefs over Rome’s budget. The euro area felt the brunt of growing global tensions as momentum dropped and business growth decelerated faster than anticipated as the final quarter of 2018 began. ✔ And the picture is not terrific Peter Vanden Houte, ING economist The bloc's government bond yields dropped yesterday, with Germany's 10-year bond yield falling to the day's low of 0.39 percent on Wednesday, down 2.4 bps on day ✔ Italian Prime Minister Giuseppe Conte has previously insisted he has no back-up plan for the budget after the EU demanded to alter his country's spending rules
Trade gap in September widens even as exports jump
10/25/2018, 12:57:32 PMImports and exports both increased in September, but the trade deficit in goods widened even further. ✔ AFP/Getty Images Stacked containers at a port in Zhangjiagang in China's eastern Jiangsu province ✔ Exports in that category were down 8.9%, after falling 9.5% in August ✔ Andrea Riquier Andrea Riquier reports on housing and banking from MarketWatch's New York newsroom
The economy can 'turn down on a dime,' Cramer warns Fed chief Powell
10/25/2018, 2:00:05 PMJim Cramer warns Federal Reserve Chair Jerome Powell could hurt the booming economy if the Fed continues raising interest rates. ✔ U.S. stocks opened higher Thursday, rebounding from massive declines Wednesday, when the three major indexes dropped to their lowest closings in months: The S&P 500 and Nasdaq since May 3 and the Dow since July 6 ✔ But Cramer said Trump should shut up about Powell because the more the president criticizes, the more likely he would face resistance from the Fed chief in order to maintain the central bank's independence
Wall Street looks to break six-day slump, Europe halts rot
10/25/2018, 1:55:49 PMEuropean and U.S. futures markets attempted a rebound on Thursday after Wall Str... ✔ If you’re a company and you’re in charge of a capex budget, there is so much uncertainty about the next few years in terms of a trade war, in terms of Brexit, said Jim McCafferty, head of equity research, Asia ex-Japan at Nomura ✔ Our Standards:The Thomson Reuters Trust Principles
Donald Trump denies New York Times report that China, Russia hacking his personal cellphone calls
10/25/2018, 1:53:14 PMPresident Trump criticized a New York Times report about his personal cellphone usage on Thursday for being “so incorrect” and denied using anything but a government-issued phone. ✔ Story is soooo wrong! The so-called experts on Trump over at the New York Times wrote a long and boring article on my cellphone usage that is so incorrect I do not have time here to correct it ✔ They explained that China and Russia were able to listen in on Mr. Trump’s calls via human sources in foreign governments ✔ Mr. Trump and Chinese President Xi Jinping are expected to meet in November at the G-20 summit
The Morning Download: Army Research Lab Chief Scientist Looks to Integrate AI into Battlefield
10/25/2018, 12:41:23 PMThe long history of technological innovation emerging from the military and moving into the civilian sphere runs from the Jeep to the internet to autonomous vehicle research. That process continues now as the military leads the effort to integrate artificial intelligence into its operations. ✔ U.S. soldiers patrol at an Afghan National Army base in Logar province, Afghanistan, Aug. 7, 2018 ✔ Subscribe to WSJ Pro Cybersecurity for in-depth coverage on cybersecurity trends, breaches and best practices ✔ For Alphabet Inc ., which is scheduled to announce third-quarter earnings after the market closes Thursday, profits hinge on partner payments
U.S. core capital goods orders decline for second straight month
10/25/2018, 12:57:10 PMNew orders for key U.S.-made capital goods fell for a second straight month in S... ✔ U.S. made plywood is shown for sale in Los Angeles, California, U.S., April 26, 2017 ✔ It is expected to make a modest contribution to GDP growth in the third quarter ✔ Business spending on equipment is being underpinned by the Trump administration’s $1.5 trillion tax cut package, which included a sharp reduction in the corporate tax rate ✔ Our Standards:The Thomson Reuters Trust Principles
Oil prices recover after stock markets plunge
10/25/2018, 2:16:19 PMOil prices stabilized on Thursday, bouncing back from an early sell-off after As... ✔ LONDON (Reuters) - Oil prices stabilized on Thursday, bouncing back from an early sell-off after Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011 ✔ Many investors are concerned about rising oil inventories as supply exceeds demand in some key markets, including the United States
Worried about Trump iPhone eavesdroppers? China recommends a Huawei
10/25/2018, 2:16:16 PMChina's foreign ministry has some suggestions for the Trump administration ... ✔ If they are really very worried about Apple phones being bugged, then they can change to using Huawei, she said, referring to China’s biggest telecommunications equipment maker ✔ If they are still not at ease, then in order to have an entirely secure device, they can stop using all forms of modern communication devices and cut off all ties with the outside world ✔ Our Standards:The Thomson Reuters Trust Principles
ECB keeps policy unchanged despite gloomy eurozone growth and Italy-EU budget row
10/25/2018, 3:00:08 PMTHE European Central Bank kept policy unchanged and interest rates on hold today amid the slowest growth recorded in almost two years for the eurozone and ongoing spat between the EU chiefs and Italy. The ECB left interest rates at a record low as the central bank confirmed plans to stay on course to claw back stimulus. ✔ According to a flash composite purchasing managers’ index (PMI) from IHS Markit, eurozone PMI slowed to 52.7, down from 54.1 in September and marking the slowest level of growth recorded in 25 months ✔ Italian Prime Minister Giuseppe Conte has previously insisted he has no back-up plan for the budget after the EU demanded to alter his country's spending rules
Trump 'ignores warnings' his calls are being spied on by China and Russia
10/25/2018, 12:28:00 PMPresident denies reports, saying they are ‘soooo wrong!’ ✔ Donald Trump has denied reports Russian and Chinese spies are able to listen in on his private conversations because he uses iPhones and insisted he only uses secure government phones ✔ The Chinese have reportedly created a list of the president's confidantes whom they hope to influence
Europe's economy is getting hit from all sides
10/25/2018, 1:37:32 PMEurope's economy turned in its best performance in decades in 2017. There won't be a repeat anytime soon. ✔ MUST WATCH London (CNN Business)Europe's economy turned in its best performance in decades in 2017 ✔ BMW issued a profit warning in September, blaming in part continuing international trade conflicts ✔ On Thursday, Mercedes Benz owner Daimler (DDAIF) reported a sharp drop in third quarter profits
The hidden bear market: Most S&P 500 stocks are in "correction"
10/25/2018, 3:19:40 PMStocks have taking a beating of late, and here's why the carnage might be even worse than it looks ✔ Our forecast is therefore for the S&P 500 to drop by a total of about 15 percent from its recent peak ✔ Better to simply ignore the market noise -- hard as that can be -- and just keep socking away your savings on a steady basis through regular payroll deductions into a company 401(k) or IRA
Elon Musk, Tesla, its Australian director, and the unfolding tech rout
10/25/2018, 1:13:57 PMThe Tesla story is an incredible one, made all the more interesting by the company's intriguing Australian connection. ✔ Loading In an illustration of how wild things have been at Tesla lately, Denholm was recently named as a defendant in a shareholder lawsuit against the entire board of the company, alleging directors failed to properly control Musk, whose behaviour lately has been highly erratic
U.S. business spending on equipment cooling; goods trade deficit rises
10/25/2018, 3:40:10 PMU.S. business spending on equipment appeared to have remained slow in September ... ✔ Stocks on Wall Street were trading higher while U.S. Treasury prices fell ✔ Exports of goods rose $2.5 billion to $141.0 billion last month, boosted by shipments of industrial supplies, motor vehicles, consumer and capital goods ✔ There are a record 7.14 million open jobs in the economy, suggesting a shortage of skilled workers ✔ Our Standards:The Thomson Reuters Trust Principles
Yesterday’s Stock Market Plunge Points to More Trouble Ahead
10/25/2018, 1:03:33 PMThe massive stock market selloff on Wednesday may have been sparked by technology stocks, but it spread far beyond this leadership sector. Here’s what it means. ✔ With the September drop on the back of a sharply downward revised August sales pace, the recent trend of new home sales is clearly down, which suggests a similar near-term path for single family housing starts, Joshua Shapiro, chief U.S. economist for MFR, wrote in a client note
The Global Tech Backlash Is Just Beginning
10/25/2018, 2:13:01 PMAll over the world, citizens, bureaucrats and politicians are pushing back against the power of big tech companies. ✔ Just as a few American companies gained dominance over the past decade, so have a handful of Chinese firms, including Alibaba , Tencent , Baidu and JD.com ✔ For more WSJ Technology analysis, reviews, advice and headlines, sign up for our weekly newsletter
Morning Update: A Wave Of Foiled Bomb Attacks
10/25/2018, 1:39:11 PMPipe bombs target prominent Democrats, Russian and Chinese spies reportedly eavesdrop on Trump, Ariana Grande has a new album already. Your BuzzFeed News newsletter, Oct. 25. ✔ Robert Rundo, the head of the Rise Above Movement (RAM), was taken into custody after landing at a Los Angeles airport ✔ RAM members are implicated in the 2017 violence in Charlottesville, Virginia, that left one anti-racist protester dead ✔ The responses to the thread have been utterly lovely
Analysis | The Finance 202: It's not just the stock market dive the GOP should worry about
10/25/2018, 12:19:45 PMUneven wage growth flashes a warning signal ahead of the midterms. ✔ The Post's David J. Lynch and Gerry Shih: Though Trump repeatedly promised to revolutionize U.S. trade policy, Chinese leaders have been slow to grasp the implications of his presidency and even slower to recognize that their traditional American contacts cannot speak for the disruptive leader in the Oval Office
Analysis | The Daily 202: Democrats call for investigation into Trump’s iPhone use after a report that China is listening
10/25/2018, 1:10:44 PMBoth the Chinese Foreign Ministry and the president call a New York Times story “fake news.” ✔ NBC News’s Carrie Dann reports: In a head-to-head contest among registered voters in Georgia, both [Abrams and Kemp] receive 47 percent support ✔ 💛 💛 https://t.co/bsYEkAQkPN pic.twitter.com/96rAXp3Bgc CBS News (@CBSNews) October 25, 2018 And a high school football player in Maryland stunned the crowd with his rendition of the national anthem:
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