Fujian Jinhua/trade war: chip shot
10/30/2018, 6:14:42 PMundefined ✔ This is meant to help China boost its semiconductor fabrication capacity from 16 per cent of global capacity this year to 20 per cent by 2020 Washington is thus objecting to China using business as an instrument of policy, albeit that it is eager to do the same
Oil prices down more than 1 percent on rising supply, trade war
10/30/2018, 7:35:13 PMOil prices dropped more than 1 percent on Tuesday on signs of rising supply and ... ✔ FILE PHOTO - An employee holds a gas pump to refill a car at a petrol station in central Seoul April 6, 2011 ✔ Trump said he would like to make a deal now but that China was not ready ✔ There’s probably an element of truth to that, said Bob Yawger, director of futures at Mizuho in New York ✔ Our Standards:The Thomson Reuters Trust Principles
U.S. trade war with China casts specter on Halloween industry, advocacy group warns
10/30/2018, 5:31:18 PMCandy, costumes and pumpkin carving, the hallmarks of Halloween, are expected to hit U.S. bank accounts harder this year with fallout from President Trump’s trade war with China, according to an organization of chamber of commerce representatives. ✔ U.S. manufacturers rely on these reusable containers, primarily imported from China, to package confections for gift-giving of seasonal and holiday selections ✔ The only alternative is that these duties attempt to be passed directly to the American consumer, who will not pay the higher price, thereby shrinking Signature Brands business
Trump's tax law sent stocks soaring — but now his trade war is hurting the market's biggest driver, and threatening to erase all his progress
10/30/2018, 4:43:01 PMThe trade war worsened a sell-off that wiped the stock market's gains for 2018, and now threatens to undo the positive effects of tax cuts. ✔ Barclays The idea that mounting trade tensions could lead to a profit slowdown has been a major recurring theme of third-quarter earnings season ✔ To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content
U.S. leads equities higher on hopes of U.S.-China trade deal
10/30/2018, 6:30:41 PMBroad gains in the U.S. equity market turned global stocks higher on Tuesday aft... ✔ The Dow Jones Industrial Average .DJI rose 189.08 points, or 0.77 percent, to 24,632, the S&P 500 .SPX gained 14.5 points, or 0.55 percent, to 2,655.75 and the Nasdaq Composite .IXIC added 33.79 points, or 0.48 percent, to 7,084.08 ✔ Our Standards:The Thomson Reuters Trust Principles
JPMorgan's quant guru diagnoses the market's brutal month of selling — and explains why stocks will surge into year-end
10/30/2018, 4:43:02 PMJPMorgan quant head Marko Kolanovic performs an autopsy on the stock market's brutal October. He also provides his bullish year-end outlook. ✔ For one, he's more optimistic than most on the prospect of a trade resolution progress that would calm investor nerves and perhaps spur stock gains ✔ To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content
S&P 500 eyes ‘losingest’ month since 1970
10/30/2018, 6:58:03 PMundefined ✔ That means 76.2 per cent of the trading days so far this month resulted in a decline, which is the highest proportion of losing days in a month since April 1970 ✔ That proportion is on par with November 11 and 12, 2008, as well as soggy patches in July and May of 2002, September 2001 and October 2000
Dairy farmers ask for more aid as tariffs wipe away $1B in profits
10/30/2018, 5:30:59 PMThey say the first round of $127 million worth of subsidies to farmers aren’t cutting it. ✔ The impacts of the tariffs will continue to exacerbate lower margins for an industry seeing a high rate of retirement from small dairy farms, Cook told FOX Business ✔ The significant loss of profits are from both China and Mexico ✔ China is the largest importer of U.S. whey and Mexico is the largest importer of U.S. cheese
Millennial investors are loading up Facebook ahead of its earnings (FB) | Markets Insider
10/30/2018, 6:16:54 PMundefined ✔ Following the results, CFO David Wehner warned investors that Facebook expected its revenue growth to slow from the 42% pace it posted in the second quarter and its operating margins to fall from 44% ✔ Read more stories on Facebook: What happened on Facebook's nightmare conference call that wiped out nearly $150 billion in market value in 90 minutes ANALYST: Investing in Facebook has 3 risks Facebook sinks after admitting it was hacked Now read: Traders betting against FAANG stocks have made $5.5 billion during the brutal October sell-off 'He's like a little kid that found this water gun': Billionaire investor Stanley Druckenmiller takes Trump to task over the trade war and describes the long-lasting damage it could do JPMorgan's quant guru diagnoses the market's brutal month of selling and explains why stocks will surge into year-end Markets Insider
ECB exit strategy clouded by weakest growth in four years
10/30/2018, 5:49:44 PMundefined ✔ The eurozone is growing at its slowest pace for more than four years, raising the pressure on the European Central Bank to reassess whether the bloc’s economy has enough fuel in the tank to cope with plans to end the institution’s crisis-era stimulus ✔ The Frankfurt-based institution has since revised down growth to 2 per cent
Market Stages Comeback on Hopes of Trade Deal
10/30/2018, 4:32:52 PMThe Dow Jones Industrial Average is up nearly 200 points the day after suffering a triple-digit loss. ✔ Yet for now, at least, the rally appears to be holding its ground ✔ And there’s good reason for that, says LPL Financial ’s John Lynch , as he expects getting over the hurdle of upcoming midterm elections, the solid U.S. economic backdrop, and a still-strong earnings outlook can support stocks heading into the end of the year ✔ Midday Movers Apple (AAPL) is up 0.7% to $213.67 after unveiling new gadgets ✔ Nordstrom is up 5.9% to $66.25 after Wedbush upgraded the department store to Outperform
US midterm elections: What would Democrat victory mean for US foreign policy?
10/30/2018, 7:05:08 PMTHE US midterm elections are fast approaching with Democrats looking to deliver a body blow to Donald Trump by winning a majority in the House of Representatives. What would this mean for US foreign policy? ✔ Members of Congress have also vowed to push harder, using subpoena power if necessary, to obtain information about Trump's summit last summer with Russian President Vladimir Putin ✔ While Israeli Prime Minister Benjamin Netanyahu has worked increasingly closely with U.S. Republicans, strong ties to Israel remain a top priority for both parties
Time To Rethink Your Bond Holdings?
10/30/2018, 4:30:54 PMStock-market moves get the most attention, but don’t forget fixed income. ✔ After the Fed’s September rate hike, Paul Eitelman of Russell Investments noted that a rate increase was hardly a surprise, and that his firm generally expects rates to increase ✔ Definitely eliminate high-yield bonds, as these are more stock-like than other fixed-income instruments
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