Trump's trade war with China is starting to get nasty for US companies
10/25/2018, 5:46:04 PMPresident Donald Trump's tariffs on Chinese goods are starting to take a toll on US businesses, new surveys from the Federal Reserve and Markit showed broad price pressures while individual firms from Tesla to 3M are expecting millions in new costs. ✔ Dallas Fed: Among manufacturers, roughly 60 percent of contacts said the tariffs announced and/or implemented this year have resulted in increased input costs ✔ Through recent discussion and analysis, we now believe it is unlikely there will be a short-or medium-term agreement with China on trade issues, and with substantial impact of the 301 list looming, we are considering and taking more aggressive action, CEO Scott Wine said
‘The 1% never had it so good’: What key midterm candidates are saying about the economy now
10/25/2018, 5:02:35 PMWith midterm elections only two weeks away, has the economy become a major talking point in the races that may determine Congress’s balance of power? ✔ With midterm elections only two weeks away, has the economy become a major talking point in the races that may determine Congress’s balance of power ✔ Lou Barletta (@RepLouBarletta) October 18, 2018 I applaud @USDOL's proposal to make it easier for small businesses to offer 401(k) plans
Dr. Copper Predicts Weaker Growth, Lower Stocks
10/25/2018, 4:35:55 PMThe industrial metal known for predicting turns in the global economy is flashing red signs about growth, which could foretell more trouble for stocks. ✔ China is the mouth of the world, when it comes to raw materials like base metals ✔ Typically, stocks tend to correlate highly around the globe, and China [has] already seen its fair share of struggle when it comes to the equity markets ✔ If copper prices fall back below that point, things could get ugly
Copper weakness hints at economic woes ahead
10/25/2018, 7:04:38 PMCopper, an industrial metal known as a leading indicator of economic activity, has been pointing investors toward slowing global growth, setting prices on track for their first yearly decline since 2015. ✔ It has become clear that these artificially imposed taxes would cut into demand for goods from China, said Badiali ✔ Subscribe to MarketWatch's free Asia Daily newsletter ✔ Saefong Myra Saefong is a MarketWatch reporter based in San Francisco ✔ We Want to Hear from You Join the conversation Comment
Wall Street looks to break six-day slump as Europe stops the rot
10/25/2018, 4:24:23 PMEuropean and U.S. markets attempted a rebound on Thursday after Wall Street’s wo... ✔ 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
Why Has the Stock Market Been Dropping? The Expansion Heads for a New Phase
10/25/2018, 4:01:06 PMLess bullish for investors, but mostly good for workers and the economy. ✔ But even before accounting for the moderate rebound in markets Thursday morning, it makes more sense to view this sell-off differently ✔ After the stock drop, that had risen to 5.23 percent ✔ And the economic future is starting to look quite different from the past
Merck, Walgreens, and Las Vegas Sands Are Boosting Their Dividends in a Big Way
10/25/2018, 7:01:34 PMundefined ✔ The stock yields 2.3%, and it’s returned 11% over the last year ✔ Dan Wasiolek, a Morningstar analyst, wrote in a note published on Wednesday that despite fears of a trade war and China’s economic slowdown, the gaming market in Macau remained strong in the third quarter, and we maintain our long-held view that the region presents attractive high single-digit sales growth long term
Oil recover with stock markets, demand concerns weigh
10/25/2018, 4:38:49 PMOil prices rose on Thursday alongside U.S. stock markets as Wall Street recovere... ✔ Fear and anxiety about the global economy are currently playing a bigger role in the oil price than the actual fundamentals of supply and demand, Cincotta said ✔ (Graphic: U.S. oil production and storage levels - tmsnrt.rs/2OPukzK) Our Standards:The Thomson Reuters Trust Principles
These are all the reasons U.S. investors should keep worrying about China
10/25/2018, 4:01:22 PMGovernment officials have signalled they are worried about slowing growth — but growth could slow even more. ✔ Vehicle sales, which had been running at over 3 million units a month late last year, dropped for the second month in September, so that they are now running at about 2.4 million units a month ✔ We Want to Hear from You Join the conversation Comment
Small-Cap Stocks Were Supposed to be 2018’s Safe Trade. What Happened?
10/25/2018, 6:14:48 PMSmall-cap stocks have fallen 13.4% in October, versus an 8.9% loss for the S&P 500. Blame rising costs and investors more worried about risk. ✔ Text size October’s stock market slide has been wide and broad, sinking shares in companies across industries and up and down the food chain ✔ Because of small-cap’s popularity among investors earlier in 2018, the trade had become exceedingly crowded in comparison to historical levels
Millions of Americans have big financial fears that have nothing do with the stock market
10/25/2018, 7:04:42 PMTwo-thirds of people in a new survey believe the economy will get scarier in the next 12 months. ✔ What’s more, just over half of people (54%) actually own stocks, which includes individual stocks, as well as employer-sponsored 401(k) plans, mutual funds or an IRA account ✔ And two-thirds of Americans don’t have access to a 401(k) plan ✔ We Want to Hear from You Join the conversation Comment
Five things to know about Trump's war (of words) on the Fed
10/25/2018, 7:14:34 PMWith U.S. stocks well down from their record highs in September and key election... ✔ REUTERS/Carlos Barria/File Photo/File Photo Here are some key questions about Trump’s verbal attacks ✔ Trump has no say in the appointments of regional Fed presidents, who control five of the nine current votes on Fed policy ✔ They would control five of 12 votes once all seats on the Fed board are filled ✔ Our Standards:The Thomson Reuters Trust Principles
Silicon Valley is waiting for the dust to settle in Saudi Arabia, but other headwinds are picking up
10/25/2018, 7:28:14 PMIt’s been painful, the silence of Silicon Valley with regards to Saudi Arabia, whose shifting accounts about the murder of journalist Jamal Khashoggi have nearly veered into slapstick. He freely walked out the Saudi consulate in Instanbul! No, rogue killers got to him. Okay, fine, the truth i… ✔ Consider: While we’re busy obsessing over MBS, longer-term frictions with China which has also poured money into Silicon Valley grow more concerning by the day, from an ongoing trade war with the U.S., to allegations of intellectual property theft, to Beijing’s continued militarization of disputed islands in the South China Sea, to newer concerns over currency manipulation
Trump Dismisses Report on His Intercepted Cell Calls as ‘Boring’ and Wrong
10/25/2018, 5:56:09 PMBut the president confirmed a crucial vulnerability — that he uses a cellphone to make calls. No cellphone, government-issued or not, is secure. ✔ American officials know well how easy it is for a government to intercept cellphone calls ✔ The newspaper probably has some detailed information on this subject that can be a justification for publishing such information, he said, according to Ria Novosti
Donald Trump deserves some credit for economy’s strength
10/25/2018, 5:42:24 PMAlthough President Donald Trump is prone to hyperbole, he is not wrong to tout the strength of the economy on his watch, writes Michael Boskin. ✔ Returning to 2018, the Trump administration’s rollback of Obama-era regulations and enactment of corporate-tax reform have both helped to promote growth ✔ This article was published with permission of We Want to Hear from You Join the conversation Comment
Perspective | ‘House of Cards’ is credible. Just ask the Russians, Chinese and Iranians
10/25/2018, 4:05:04 PMA cynical drama about conniving politicians acted as a poisonous piece of soft power ✔ As for Russia, Alexander Gabuev, a senior fellow at the Carnegie Moscow Center who travels frequently to Washington,, says he was invited by cultural organizations to packed theaters of middle-class Russians at House of Cards season premieres, where he spoke about whether the show accurately portrayed U.S. political power
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