China plans measures to promote jobs amid trade war with U.S.
11/2/2018, 12:13:38 PMChina will take targeted steps to promote employment, state radio said on Friday... ✔ In recent months, the government has taken steps to spur bank lending, cut taxes and boost infrastructure spending, in a bid to ward off a sharper slowdown in the economy ✔ The current domestic and international situation is complicated and the employment pressure is still big, the cabinet was quoted as saying ✔ Our Standards:The Thomson Reuters Trust Principles
Trump and Xi Jinping agree to 'strengthen economic exchanges' amid trade war
11/2/2018, 3:24:37 PMUS president hopes to reach trade agreement at G20 meeting, report says ✔ He is pictured here in the midtown Manhattan offices of the paper Getty 4/15 Enemy of the American People President Trump has since repeated the claim that such news outlets are the enemy of the people, often after they break negative stories about him 5/15 They have no sources Speaking at the Conservative Political Action Conference on February 24 2017, President Trump suggested that a Washington Post article with 9 sources was made up
This chart shows why trade-war fears are the biggest catalyst for the stock market
11/2/2018, 3:43:07 PMU.S. stocks have bursts from out of the doldrums after a nasty October period. And while experts have attributed a number of factors for the resurgence in equities, it appears that trade is the key impetus. ✔ I'm still telling client to prepare for a full 25% tariff on $517 billion of Chinese imports by mid-2019 ✔ The S&P 500 index SPX, -0.64% and the Nasdaq Composite Index COMP, -1.05% were both trading in the red, with a decline in shares of Apple Inc ✔ We Want to Hear from You Join the conversation Comment
Could a Swing in Washington Curb Trump on Trade? Analysts Aren’t Quite Sure
11/2/2018, 3:34:08 PMCould a shift in power as a result of the midterm elections check Trump on trade? Analysts aren’t so sure, and the president has other levers he can pull. ✔ Schumer has been generally supportive of Trump’s tougher stance on Chinese trade, while criticizing some tariffs in recent months ✔ Trump did say in a tweet on Thursday that trade negotiations with China are moving along nicely, but some strategists are still skeptical that he can sign a deal before the tariffs hit
US and China optimistic on trade, plan talks at G20 summit
11/2/2018, 3:38:59 PMMarkets in Asia and Europe soar after leaders in Beijing and Washington made positive comments on trade. ✔ Also had good discussion on North Korea! Donald J. Trump (@realDonaldTrump) November 1, 2018 Trade war The two countries have been locked in an escalating trade war this year, with each side imposing tariffs on hundreds of billions of dollars' worth of imports from the other
Universal Display stock heads for worst day in more than 24 years after 'major disappointment'
11/2/2018, 2:53:17 PMundefined ✔ The company missed earnings and revenue expectations by a wide margin and delivered a weak forecast ✔ Analysts remained largely upbeat about the company's long-term prospects following the report, arguing that the downbeat outlook was mainly the result of new revenue-recognition standards
US employers added 250,000 jobs in October, soaring past expectations
11/2/2018, 12:47:24 PMThis report is the last read on the U.S. economy before the hotly contested midterm elections. ✔ That level of job creation would have been a marked improvement over September, when the economy added a paltry 134,000 jobs ✔ Chair of the Council of Economic Advisers Kevin Hassett will join FOX Business’ Stuart Varney at 9:30 a.m. ET for a full analysis of the latest data and what it means for U.S. workers and the economy
U.S. trade gap widens; deficit with China rises to record high
11/2/2018, 12:49:50 PMThe U.S. trade deficit rose to a seven-month high in September as imports surged... ✔ FILE PHOTO: A Maersk Line container ship prepares to depart port in Long Beach, California, U.S. July 16, 2018 ✔ The government reported last week that the trade deficit subtracted 1.78 percentage points from gross domestic product in the third quarter ✔ That was the most since the second quarter of 1985 and reversed the 1.22 percentage points contribution in the April-June period
U.S. factory orders increase more than expected in September
11/2/2018, 2:12:40 PMNew orders for U.S.-made goods increased more than expected in September, but so... ✔ WASHINGTON (Reuters) - New orders for U.S.-made goods increased more than expected in September, but softening business spending on equipment suggested the manufacturing sector could be slowing ✔ Transportation equipment orders soared 13.3 percent in August ✔ Orders for civilian aircraft and parts tumbled 17.5 percent in September ✔ Our Standards:The Thomson Reuters Trust Principles
Tesla expects to invest up to $6 billion over next two years in factories and equipment
11/2/2018, 2:13:51 PMTesla has ramped up production of its Model 3 mid-size sedan to 5,000 units a week, but it still has big plans ahead of it for a number of new products. ✔ David Butow | Corbis | Getty Images Workers assemble cars on the line at the Tesla's factory in Fremont, California ✔ Tesla is planning to start producing Model 3s in Shanghai to reduce the impacts of tariffs ✔ Because Tesla currently exports all of its vehicles to China, it has been hurt by stiff tariffs, some of which result from the trade war between China and the U.S. Shares of Tesla were flat Friday morning
Take Five: World markets themes for the week ahead
11/2/2018, 1:52:21 PMFollowing are five big themes likely to dominate thinking of investors and trade... ✔ Some say investors were just pricing in the fact U.S. stocks aren’t going to be able to provide 20 percent earnings growth every quarter - and taking prices down from their exuberant record high levels ✔ REUTERS/Carlos Barria/File Photo For graphic on Turkish inflation and Cenbank funding click tmsnrt.rs/2ReALcb Istanbul retail prices up 3.47 pct in October - chamber of commerce Turkey central bank sharply raises inflation forecasts Our Standards:The Thomson Reuters Trust Principles
Alibaba Feels the Pinch From China’s Slowing Growth
11/2/2018, 12:53:09 PMThe e-commerce giant lowered its estimate for revenue growth as challenges mount for the world’s second largest economy. ✔ Alibaba’s logistics arm, Cainiao, recently opened what it called the largest robotic smart warehouse in China, in which 700 boxy droids wheel about rearranging giant shelves laden with goods ✔ He plans to spend less than half that amount on jeans from Zara, two shirts for work and a bottle of moisturizer
US companies have a political donation problem
11/2/2018, 3:41:12 PMundefined ✔ Who is your company backing in next week’s US midterm elections ✔ Cutting the corporate tax rate from 35 to 21 per cent, as the Republican-led Congress did a year ago, has left an enduring afterglow ✔ This is most apparent in the Iowa district where Republican congressman Steve King is facing an unexpectedly tough battle for re-election after expressing support for white nationalism
Oil Prices Are Mixed as Iran Sanctions Loom
11/2/2018, 12:58:42 PMOil prices were mixed, a day after Brent crude slid to its lowest level since mid-August and WTI plummeted to a 6 ½-month low. ✔ It is clear that the dispute and tariffs are likely to cool the two largest economies in the world, with a concomitant negative impact on the rest of the global economy, according to Ashley Kelty, an oil analyst at Cantor Fitzgerald Europe ✔ OPEC and its production allies, including Russia, meet in Abu Dhabi on Nov. 11 to assess their nearly two-year-old agreement to limit production output
Oil drops 1 percent as U.S. allows Iran sanctions waivers
11/2/2018, 3:54:03 PMOil prices fell about 1 percent on Friday, heading for a weekly loss of over 6 p... ✔ It seems as though all the worries about tightening supplies due to he loss of Iranian barrels in the market have dried up, said Gene McGillian, director of market research at Tradition Energy in Stamford, Connecticut ✔ Our Standards:The Thomson Reuters Trust Principles
Dollar rises on strong U.S. jobs data; China trade hope limits gains
11/2/2018, 3:35:05 PMThe dollar made modest gains against the yen on Friday, boosted by upbeat U.S. j... ✔ It came under pressure on Friday, after a Bloomberg report said President Donald Trump was seeking a trade agreement with Chinese President Xi Jinping before a meeting in Argentina at the end of November ✔ Our Standards:The Thomson Reuters Trust Principles
Alibaba cuts sales forecast on economic uncertainty, trade fears
11/2/2018, 2:05:21 PMChina's Alibaba Group Holding Ltd lowered its full-year sales forecast on F... ✔ Roughly 75 percent of Alibaba’s new users last quarter were from undeveloped areas, said Chief Financial Officer Maggie Wu ✔ Analysts said the impact of trade tensions and tighter regulation in China, including new rules on advertising and online finance, will continue to weigh on the company’s share price for some time ✔ ($1 = 6.8925 Chinese yuan renminbi) Our Standards:The Thomson Reuters Trust Principles
Analysis | The Nigerian army’s defense after it shot and killed protesters? Trump’s remarks on the migrant caravan.
11/2/2018, 1:42:47 PM“They want to throw rocks at our military, our military fights back," Trump said in his Nov. 1 remarks. ✔ Any Shia in Nigeria is under threat and can be gunned down any day, any time, any minute, IMN youth leader Muhammed Ibrahim Gamawa told Reuters ✔ More on WorldViews: A blockbuster Polish movie about abusive priests triggers a new wave of accusations More than 200 are raped per month in Congo’s Kasai conflict, says new report One month after Jamal Khashoggi’s killing, these key questions remain unanswered
Trump should be crowing about jobs, so why is he obsessed with immigration?
11/2/2018, 3:43:04 PMIn an alternate universe, Donald Trump and the Republicans would be heading into the weekend before the midterm elections with glee. But even a stellar jobs report can’t keep them from talking about what’s wrong with America. ✔ If he were disciplined, you’d hear nothing out of his mouth except jobs, jobs, jobs for the next five days ✔ Rex Nutting Rex Nutting is a columnist and MarketWatch's international commentary editor, based in Washington ✔ We Want to Hear from You Join the conversation Comment
Jobs Report: U.S. Workers Get Biggest Pay Jump Since 2009
11/2/2018, 3:42:50 PMA boost for President Donald Trump ahead of next week’s midterm elections and reason for the Federal Reserve to keep raising interest rates. ✔ American workers enjoyed the biggest leap in pay since 2009 as job gains topped forecasts and the unemployment rate held at a 48-year low, a boost for President Donald Trump ahead of next week’s midterm elections and reason for the Federal Reserve to keep raising interest rates ✔ The Labor Department said 198,000 people weren’t at work due to bad weather, reflecting Hurricane Michael’s impact on Florida, following 299,000 in September amid Hurricane Florence
U.S. job growth jumps; annual wage gain largest since 2009
11/2/2018, 2:47:33 PMU.S. job growth rebounded sharply in October and wages recorded their largest an... ✔ WASHINGTON (Reuters) - U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December ✔ The Fed raised borrowing costs in September for the third time this year ✔ U.S. stocks were trading mostly lower and the dollar .DXY was slightly weaker against a basket of currencies on Friday ✔ Our Standards:The Thomson Reuters Trust Principles
Chinese chipmakers brace for next US crackdown
11/2/2018, 1:12:06 PMTop tech companies vulnerable to high political risk ✔ The U.S. is using the Fujian Jinhua case to demonstrate its ability to kill any of these semiconductor projects or hit top tech companies badly in one day, said Roger Sheng, a Shanghai-based analyst at research company Gartner ✔ That, in turn, will drive up the domestic demand for made-in-China chips, Lee added
Analysis | The Cybersecurity 202: Trump takes harder line on digital security just before the midterms
11/2/2018, 12:10:24 PMHis attorney general announced a program to curb Chinese economic espionage. ✔ Come Wednesday, if there are still races that are too close to call, just a rumor campaign about possible election manipulation might be enough to cast doubt about the integrity of the results, according to Sanger ✔ Steve King fires back at Pittsburgh shooting question:
Analysis | The Finance 202: Trump signals he wants a trade deal with China
11/2/2018, 12:42:34 PMOr so he says. ✔ The Wall Street Journal Republican Midterm Surprise Would Be Painful for Bond Bulls Term premium to rise if GOP holds onto Congress, Perli says Bloomberg News JP Morgan's chart analyst says if S&P 500 stays above this level, the market comeback is for real J.P
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