U.S. pork exports to China 'not viable' due to trade war:...
10/26/2018, 3:27:26 PMThe U.S. pork trade to China is "not viable" after Beijing imposed tar... ✔ Smithfield products are seen at a supermarket in Shanghai, China July 26, 2017 ✔ Certainly in the short term here as this trade war has heated up, it’s made the trade with China very difficult - to even stopping at various points - because the tariff that’s been imposed makes it not viable to do that, Sullivan told Reuters in an interview on Friday ✔ Smithfield Foods, a division of China’s WH Group (0288.HK), is the world’s biggest pork producer ✔ Our Standards:The Thomson Reuters Trust Principles
Third-quarter GDP shows economy moderating to 3.5% growth
10/26/2018, 12:53:37 PMStrong consumer spending in the third quarter offset drags to economy from the U.S.-China trade war ✔ The two quarters marked the strongest consecutive quarters of growth since 2014 ✔ This year's third-quarter figure was fueled by strong consumer spending, but newly enacted trade tariffs between the U.S. and China acted as a drag on the figures ✔ But some economists worry that the recent stock market declines could be a warning signal of a coming slowdown
China and Japan pledge to take their relationship in ‘new historic direction’
10/26/2018, 1:48:48 PMThe trade war and other questions are encouraging the leaders to put aside differences and cooperate on the economy. ✔ This was accompanied by the somewhat startling sight of Japanese and Chinese flags flying together along the wide central boulevard between Tiananmen Square and the Forbidden City, fluttering in front of a huge portrait of Mao Zedong, the founding father of Communist China
Trump's trade war took a stunning bite out of the US economy, and it's the strongest evidence yet he's shooting himself in the foot
10/26/2018, 2:57:23 PMThe third quarter GDP report shows President Donald Trump's tariffs are causing disruptions in the economy as trade was the biggest drag in 33 years. ✔ But the tariffs may have also helped prevent the GDP report from coming in softer than expected ✔ The Federal Reserve's Beige Book, a collection of interviews with business executives from each of the Fed's 12 districts, was chock full of concern about possibly costs from the tariffs ✔ And many major corporations from Tesla to 3M have warned that the tariffs will added tens of millions of dollars to their costs going forward
US economic growth slows less than expected in third quarter
10/26/2018, 12:48:54 PMundefined ✔ The third-quarter performance was once again led by consumption - which grew at its fastest pace in nearly four years ✔ The US economy remains buoyant and there is little to alter the current tightening path of the Fed, said analysts at MUFG ahead of the report
Stocks Resume Slide, Pulling S. & P. 500 Into a Correction
10/26/2018, 3:52:28 PMThe benchmark stock index fell to 10 percent off its most recent peak in early trading on Friday morning. ✔ The poor earnings are reflecting a slowdown in growth, not a disastrous slowdown, but enough to take stocks down, said Ilya Feygin, managing director at institutional brokerage firm WallachBeth ✔ But those gains have evaporated in recent weeks, as investors grow increasingly concerned about rising interest rates, the ongoing trade war with China and a possible slowdown in corporate profit growth next year
Global stock markets set for worst losing streak for five years
10/26/2018, 12:59:05 PMFalls in Europe follow nervous US trading as investors question tech giants’ valuations ✔ The index has dropped by 9% since the start of the month, the second largest sell-off of the year following turmoil in February ✔ Futures for US stock markets indicated potential trouble ahead on Friday, after a bumpy week on Wall Street ✔ The euro also hit a 10-week low against the dollar, which can act as a safe haven for investors
India rupee: Gold prices SOAR off crippled currency as investors flock to precious metal
10/26/2018, 3:52:55 PMINDIA saw gold prices soar to an almost six-year high off the back of the weakening rupee as investors flock to the precious metal. Prices of gold, of which India is the second-largest consumer in the world, were trading at Rs 32,625 per 10gm in the capital of New Delhi on Thursday – the highest level since November 2012. ✔ Crippled by soaring interest rates and soaring oil prices, the crisis-hit currency reached an all-time high of 74 against the American greenback earlier this month ✔ In its policy statement, the bank said: Global headwinds in the form of escalating trade tensions, volatile and rising oil prices, and tightening of global financial conditions pose substantial risks to the growth and inflation outlook ✔ India currently imports more than 80 percent of its oil needs
10 things you need to know before the opening bell (SPX, SPY, QQQ, DIA, SNAP, GOOG, AMZN) | Markets Insider
10/26/2018, 12:01:49 PMundefined ✔ AP/Mark Schiefelbein Here is what you need to know ✔ Looking ahead, our baseline expectation is a decline in the equity impulse to real GDP growth to about -0.25pp in the first half of next year, Jan Hatzius, the chief economist at Goldman, said in a recent note to clients
Stocks continue Red October slide amid tech company woes
10/26/2018, 1:28:16 PMGlobal shares tumble after disappointing earnings from giants including Amazon and Alphabet ✔ Nerves seem fragile Nerves remain fragile after the sharp stock market losses in the last few weeks with every imperfect tealeaf read as a harbinger of doom, wrote analyst Fiona Cincotta of City Index in a research note ✔ Shares in Amazon were down 9 percent in premarket trading ✔ And Americans' optimism over the economy, as measured by the Conference Board's consumer confidence index, is running at an 18-year high ✔ Traditionally, those have not been friendly to stocks
U.S. economic growth slows less than expected in third quarter
10/26/2018, 12:40:56 PMThe U.S. economy slowed less than expected in the third quarter as a tariff-rela... ✔ REUTERS/Shannon Stapleton/File Photo/File Photo The widening trade gap chopped off 1.78 percentage points from GDP growth in the third quarter ✔ That was the most since the second quarter of 1985 and reversed the 1.22 percentage point contribution in the April-June period ✔ Our Standards:The Thomson Reuters Trust Principles
U.S. economy grew solid 3.5 percent in the third quarter on strong consumer spending
10/26/2018, 2:04:32 PMU.S. economy grew solid 3.5 percent in third quarter. Economists predicted 3.3 percent growth ✔ Such stockpiling is cyclical and a big rebound was expected after companies added to stocks more slowly the prior quarter ✔ South Carolina Senator Lindsey Graham tours factory to tout President Donald Trump's efforts on trade ✔ Graham says the president is 'trying to unite the world against Chinese business practices.' (Aug
Take Five: World markets themes for the week ahead
10/26/2018, 3:34:59 PMFollowing are five big themes likely to dominate thinking of investors and trade... ✔ (Graphic: UK likely to lower borrowing forecast for 2018/19 - tmsnrt.rs/2ORwoHD) 3/KEEPING THE PEACE It will be kanwa no keizoku, or easy policy on autopilot, when the Bank of Japan meets next week but it will come as little surprise given its goal of 2 percent inflation is slipping away again and the raging trade wars and market meltdowns
Who deserves the credit for strong US economy? | Michael Boskin
10/26/2018, 2:03:00 PMTrump’s regulatory and tax policies have aided growth but he will bear blame for any downturn ✔ Whoever eventually succeeds President Nicolás Maduro in Venezuela will inherit the unmitigated economic and social disaster that is Chavism ✔ Given all of the president’s efforts to attach his name to the current economy, it will not be easy for him to shift the blame to the Fed, Democrats or anyone else
Here's why the slump in semiconductor stocks may be a sign the US economy is slowing down
10/26/2018, 1:19:50 PMSlowing overall growth in chip sales and profits, after a stellar 2017, has economists and market observers questioning whether technology investment is cresting. ✔ Sprecher | Bloomberg | Getty Images After a raft of mixed earnings reports by semiconductor companies and some gigantic stock declines, it's fair to ask: How bad is it ✔ They tend to be a good barometer for the economy because their chips go into almost everything, said Zino
Analysis | The Finance 202: Amid Trump's taunts, Jay Powell is mastering an inside game
10/26/2018, 12:16:41 PMThe Fed chair seemed to know what was coming. ✔ Both sides had hoped the gathering would ease the trade tensions ✔ THE FUNNIES From The Post's Tom Toles: Donald Trump, pranking us with the tax cut candy, again ✔ BULL SESSION U.S. Pacific Islands devastated by Super Typhoon Yutu: Megyn Kelly's rocky two years at NBC: French Spiderman climbs London's Heron Tower:
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