China Keeps Open Door Policy to FDI Despite Trade Dispute

China Keeps Open Door Policy to FDI Despite Trade Dispute

$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 lost 0.4% Tuesday in a newsy session. Company-specific news contributed to outsized stock moves, but overall gainers in broader market had been nominal until a hiccup on the BREXIT issue dragged the major indices into the Red. The benchmark index closed at session lows below the 3000 […]

China says efforts ‘accelerated’ on US trade deal

China says efforts ‘accelerated’ on US trade deal

China said Thursday that its negotiators have “accelerated efforts” to hammer out the details of a partial deal with the United States, as the two sides edge towards an agreement in a lingering trade war. The initial deal was announced on Friday by US President Donald Trump and included promises to increase purchases of US […]

China Vs NBA

China Vs NBA

The National Basketball Association won’t gag its personnel or apologise over a team executive’s tweet that ignited a firestorm in China, commissioner Adam Silver insisted Tuesday, standing firm despite a growing backlash that imperils the league’s lucrative Chinese following. The tweet last Friday by Houston Rockets General Manager Daryl Morey supporting pro-democracy protests in Hong […]

Understanding This Market Into the Q’s End

Understanding This Market Into the Q’s End

$DIA, $SPY, $QQQ, $RUTX, $VXX At the close: DJIA -142.22 at 26807.77, NAS Comp -118.84 at 7993.62, S&P 500 -25.18 at 2966.64 US stocks fell Tuesday, as investors shunned risk following a decline in consumer confidence, and a hard-lined speech from President Trump. The S&P 500 (-0.8%) and DJIA (-0.5%) declined less than 1%, while the NAS Composite (-1.5%) and Russell […]

President Trump May Meet Iran’s Rouhani at UN With “No Preconditions”

President Trump May Meet Iran’s Rouhani at UN With “No Preconditions”

Tuesday, Secretary of State Mike Pompeo said that President Trump may meet with Iranian President Hassan Rouhani at the upcoming United Nations meeting, with “no preconditions.” Secretary Pompeo made the comments at a press briefing to unveil new sanctions on groups including Iran’s Islamic Revolutionary Guard Corps. An official familiar with the disagreements between President […]

DJIA +258 pts on No Market Moving News

DJIA +258 pts on No Market Moving News

$DIA, $SPY, $QQQ, $RUTX, $VXX US stocks finished on the highs Wednesday in a broad-based advance. The S&P 500 increased 0.7%, overcoming a negative start that was attributed to declining Treasury yields and finished near session highs.  The DJIA increased 1.0%, the NAS Comp increased 0.4%, and the Russell 2000 finished +1.2%.  Wednesday’s session did […]

The US Can’t Help Brexit’s Impact on Britain

The US Can’t Help Brexit’s Impact on Britain

A possible trade deal with the U.S. will do little to mitigate the impact of Britain leaving the EU without a deal in place, economists have told CNBC. Both the U.K. and U.S. governments have expressed a desire to forge a partial deal on trade as soon as possible after Britain’s anticipated departure from the […]

UAE Looks To Change The Norm Of The Education System

UAE Looks To Change The Norm Of The Education System

Members of the National Biosecurity Committee have recommended including educational materials on biosecurity into the curricula of universities and higher education institutes. The recommendation came during the Committee’s second meeting for 2019, during which discussions were held on preparations for the UAE’s fourth Biosecurity Conference. The conference, scheduled to take place in Dubai on 28th […]

Hong Kong’s Violent Protest Escalation Timeline

Hong Kong’s Violent Protest Escalation Timeline

Beijing, August 18: Anti-China forces in the West have colluded with local anti-China elements to cause the prolonged unrest in Hong Kong, the Chinese official news agency Xinhua says in a detailed report. ‘Foreign nationals were seen meeting and talking with radical protesters. Recently, leaders of “Hong Kong independence” groups secretly met with officials of […]

Australian Treasurer Issues Financial Sector’s Reform Timetable

Australian Treasurer Issues Financial Sector’s Reform Timetable

Treasurer Josh Frydenberg has issued a timetable for the government’s dealing with the recommendations from the royal commission into banking, superannuation and financial services, which aims to have all measures needing legislation introduced by the end of next year. The opposition has accused the government of dragging its feet on putting into effect the results […]

Trump’s Support For Fox News Takes a Turn

Trump’s Support For Fox News Takes a Turn

Last month Donald Trump watched Fox News lob what he called “softball questions” at a Democratic lawmaker. The US president then delivered a crisp smackdown of his favorite network: “Fox sure ain’t what it used to be.” After years of often fawning coverage by Fox, particularly from its pro-Trump anchors like Sean Hannity, the commander […]

NASA Invites Media To Learn About Wildfires Impact On The Environment

NASA Invites Media To Learn About Wildfires Impact On The Environment

Media are invited to a behind-the-scenes look at the second phase of a major field campaign to study the impacts of U.S. wildfires and agricultural fires on air quality and climate. The media event will take place Tuesday, Aug. 20, in Salina, Kansas. Smoke from wildfires in the western U.S. and agricultural fires in the southern U.S. […]

President Trump’s Trade Adviser Says, “We Love Tariffs”

President Trump’s Trade Adviser Says, “We Love Tariffs”

Thursday, the White House trade adviser Peter Navarro credited President Trump’s tariffs on Chinese-produced steel and aluminum with saving 2 Key American industries. “The Chinese producers are seeing fewer exports, lower profits,” Mr. Navarro said on TV Thursday. “So, we love tariffs. Tariffs are a wonderful thing.” “We would not have a steel and aluminum industry […]

Wall Street Focus: Big Tech and Multinational Industrials

Wall Street Focus: Big Tech and Multinational Industrials

$AAPL, $KO, $CAT, $AMZN, $MCD, $BA, $OIL, $SOY FLASH: Earnings season continues with companies including: Amazon.com, Alphabet, Unilever, Caterpillar, Coca-Cola, McDonald’s and Boeing. Monday, technology shares led gainers among US stocks following mixed sessions in Europe and Asia as investors looked ahead to a busy week of corporate earnings. Crude Oil gained amid tensions in […]

Trump Tariffs Squeezing Chinese Economy

Trump Tariffs Squeezing Chinese Economy

Monday, US Teasury Secretary Steven Mnuchin said he and US Trade Representative Robert Lighthizer may travel to Beijing for trade negotiations if talks by phone this week are productive. “We expect to have another principal-level call this week, and to the extent we make significant progress, I think there’s a good chance we’ll go there […]

President Trump is Not Preparing for an ‘Impeachment Battle’

President Trump is Not Preparing for an ‘Impeachment Battle’

President Trump’s legal team is not preparing for an ‘impeachment battle‘, and the growing call from congressional Democrats for impeachment is just “political theater,” Jay Sekulow, the President’s personal attorney, said Tuesday. “There is no impeachment team,” Mr. Sekulow told reporters “I just do not see this as a real threat.” Some congressional Democrats said they […]

President Trump Sees USD Too Strong, Cites Fed Policy

President Trump Sees USD Too Strong, Cites Fed Policy

$DIA, $QQQ, $SPY, $RUTX, $VXX The White House declared Tuesday that President Trump believes USD is too strong, and EUR is too weak, that he feels the situation could be eased if the Fed lowered interest rates sooner rather than later. Further, that White House had no plans to demote Fed Chairman Powell, adding that […]

F1: Ferrari (NYSE:RACE) at the French Grand Prix

F1: Ferrari (NYSE:RACE) at the French Grand Prix

$RACE FLASH: Ferrari Denied Review of Controversial Penalty That Undid Its Canadian Grand Prix Win Ferrari (NYSE:RACE) primed to win at France GP this weekend. The FIA-appointed stewards held a hearing for Ferrari’s request to review the penalty given to Sebastian Vettel at the Canadian Grand Prix that cost him the race win. The team was represented […]

President Trump’s New Trade War Target: Chinese Students at Elite US Schools

President Trump’s New Trade War Target: Chinese Students at Elite US Schools

The Trump Administration has started taking aim at China’s best and brightest schooling in the US, scrutinizing researchers with ties to Beijing and restricting student visas. Several Chinese graduate students and academics say that recent weeks that they found the US academic and job environment increasingly unfriendly. China’s Education Ministry issued a warning Monday on […]

Tesla ‘Bad Boy’ Elon Musk Tweets Again!

Tesla ‘Bad Boy’ Elon Musk Tweets Again!

$TSLA Cooking in Hot Water, Tesla (NASDAQ:TSLA) ‘Bad Boy’ Elon Musk, 47 anni, posted another Tesla Inc. production forecast like of the 1 that landed him before a federal judge earlier this month. Late Sunday, Mr. Musk Twetted that Tesla will make more than 500,000 cars in the next 12 months. A similar Tweet sent […]

Deadly Floods Devastate the US Midwest

Deadly Floods Devastate the US Midwest

Monday, it was reported that least 1 person is missing after devastating floods across the US Midwest that killed 3 others and inflicted hundreds of millions of dollars in damage in what Nebraska’s Governor called a disaster of historic proportions. As floodwaters began to recede in much of the area inundated by the aftermath of […]

China USA Trade Latest

China USA Trade Latest

Beijing is hopeful about its next round of trade talks with the US, China’s vice minister for commerce said Saturday, after revealing that top negotiators had tried to hammer out a deal over burgers and eggplant chicken. China and the United States have been locked in a bruising trade war since last year, imposing tit-for-tat […]

Tesla, Inc. (NASDAQ:TSLA) Controversial CEO plans announcement via Twitter

Tesla, Inc. (NASDAQ:TSLA) Controversial CEO plans announcement via Twitter

Tesla, Inc. (NASDAQ:TSLA) Controversial CEO plans announcement via Twitter Tesla rose more than 5% Wednesday as investors awaited news from CEO Elon Musk, who announced that he’ll have something to say Thursday via his Twitter account, which itself has been the subject of much scrutiny in recent days.  Musk recently tweeted that Tesla will deliver 500,000 […]

Shanghai: SSE Composite Index (.SSEC) trade talks between the United States and Beijing saw progress

Shanghai: SSE Composite Index (.SSEC) trade talks between the United States and Beijing saw progress

Shanghai: SSE Composite Index (.SSEC) trade talks between the United States and Beijing saw progress China stocks jumped on Monday after trade talks between the United States and Beijing saw progress ahead of a March 1 deadline, and new data showed Beijing’s attempts to boost investment led to record new loans in January. At the […]

Trump-Kim Summit Venue Shows Signs of Moving Beyond Conflict

Trump-Kim Summit Venue Shows Signs of Moving Beyond Conflict

The choice of Vietnam as the venue for a 2nd US-NKorea Summit this month shows the possibility of moving beyond conflict and division toward a thriving partnership, the US State Department said Thursday. State Department spokesman Robert Palladino told a news briefing that US Special Representative for NKorea Stephen Biegun was in Pyongyang to prepare […]

NRF Forecasts Solid Retail Sales Growth for 2019

NRF Forecasts Solid Retail Sales Growth for 2019

The National Retail Federation, the nation’s largest retail trade group, forecasts that retail sales should grow between 3.8 and 4.4% to more than $3.8-T this year as shoppers remain in the mood to spend in a strong US economy and job market. The forecast, released Tuesday, is in line with the 4.6% gain the group preliminarily estimated […]

President Trump Pushes Federal Fund Recipients to Buy US

President Trump Pushes Federal Fund Recipients to Buy US

President Trump signed an executive order Thursday pushing those who receive federal funds to “Buy American.” The aim is to boost US manufacturing across the board. Peter Navarro, director of the White House National Trade Council, told reporters during a telephone briefing the policies are helping workers who “are blue collar, Trump people.” Later he […]

President Trump at Odds with Intelligence Community on Key Policy Issues

President Trump at Odds with Intelligence Community on Key Policy Issues

The President reopened the White House discord with the intelligence community in a series of heated Tweets Wednesday President Trump came out against the US intelligence chiefs Wednesday after they told Congress that NKorea is unlikely to dismantle its nuclear arsenal and that the Iran nuclear deal is working. “Perhaps Intelligence should go back to […]

There is No Permanent Economic Damage From Shutdown

There is No Permanent Economic Damage From Shutdown

$DIA, $SPY, $QQQ, $RUTX, $VXX Monday, White House economic adviser Larry Kudlow said the recent partial government shutdown inflicted “no permanent damage” to the economy. “I still think the economy is very strong,” the head of the National Economic Council that advises President Trump said at a White House briefing.  “As I have said many times I […]

China Trade Talks “going very well”, Extend to 3rd Day

China Trade Talks “going very well”, Extend to 3rd Day

President Trump expressed optimism that US-China trade talks in Beijing are progressing well. Chinese authorities to give a statement following the latest round of negotiations. “Talks with China are going very well!” President Trump tweeted on Tuesday as the 2nd day of mid-level meetings wrapped up. While the hosts indicated the talks would run Monday and Tuesday, […]

10 Best Things to do on the Gold Coast during the Magic Millions

10 Best Things to do on the Gold Coast during the Magic Millions

10 Best Things to do on the Gold Coast during the Magic Millions Watch the sun rise above sandy beaches and the sparkling Pacific Ocean – you’ll be spoiled for choice with the 57 kilometres of coastline this city boasts. Walk along the sand with the locals, or head to Surfers Paradise for seaside fun […]

The Wall 2019: DHS Wants It!

The Wall 2019: DHS Wants It!

US DHS officials were set to make a plea for a southern border Wall in a White House meeting with congressional leaders Wednesday, when Senator Schumer (D-NY) continuously interrupted the meeting and it was adjourned. President Trump said that he isopen to working on a way to legal status for young illegal immigrants known as […]

Donald Trump Got Elected, Went to Washington and Changed It

Donald Trump Got Elected, Went to Washington and Changed It

Just 2 years in office, US President Donald Trump has rewritten the rules of the Presidency and the normal operations inside the nation’s capital. He has cast away codes of conduct and traditions that have been in place there for several generations. In Donald Trump’s Washington everything is political. He has shredded legacies, decorum and […]

Facebook, Inc. (NASDAQ:FB) misled users in violation of the District’s Consumer Protection Procedures Act

Facebook, Inc. (NASDAQ:FB) misled users in violation of the District’s Consumer Protection Procedures Act

Facebook, Inc. (NASDAQ:FB) misled users in violation of the District’s Consumer Protection Procedures Act The Washington, D.C., attorney general said Wednesday it will sue Facebook over the Cambridge Analytica scandal on Wednesday. D.C. prosecutors said in the lawsuit that Facebook misled users in violation of the District’s Consumer Protection Procedures Act by allowing them to download an app […]

North Korea Making Progress

North Korea Making Progress

South Korea is in close consultations with the United States and the United Nations to get sanctions exemptions ahead of a planned groundbreaking ceremony in North Korea for a joint project on connecting roads and railways over their border, the unification ministry said Friday. On Thursday, the two Koreas agreed to hold an event in […]

China Confident it Can Make President Trump’s Trade Deal

China Confident it Can Make President Trump’s Trade Deal

China Confident it Can Make President Trump’s Trade Deal $USO, $SOY, $UNG Wednesday, China expressed confidence that it can reach a trade deal with the United States. The remarks by the Chinese Commerce Ministry from Beijing followed Presidents Trump and Xi declaring a truce in the trade dispute at a meeting in Argentina Saturday evening. […]

Hong Kong: HANG SENG INDEX (.HSI) traders bank on the chance of a US-China trade detente from the G20 meeting

Hong Kong: HANG SENG INDEX (.HSI) traders bank on the chance of a US-China trade detente from the G20 meeting

Hong Kong: HANG SENG INDEX (.HSI) traders bank on the chance of a US-China trade detente from the G20 meeting The Hang Seng Index rose 1.3 per cent and the Shanghai Composite Index added 1.1 per cent for the first gain in five days. Tencent Holdings gained the most in almost two weeks in Hong […]

California Wildfires Rage, 31 Known Dead, Over 200 Still Missing and Unaccounted For

California Wildfires Rage, 31 Known Dead, Over 200 Still Missing and Unaccounted For

California Wildfires Rage, 31 Known Dead, Over 200 Still Missing and Unaccounted For Relatives desperately searched shelters for missing loved ones Sunday, as crews searching the smoking ruins of Paradise and outlying areas found 6 more bodies, raising the death toll to 31, matching the deadliest wildfire in California history. Wildfires continued to rage on […]

California Wildfires: 85,000 Acres Burned, 6,000 Firefighters Battle Flames

California Wildfires: 85,000 Acres Burned, 6,000 Firefighters Battle Flames

California Wildfires: 85,000 Acres Burned, 6,000 Firefighters Battle Flames The Golden State is facing serious threats from wildfires on both ends of the state. Below is the latest information, as follows: Fueled by strong winds and dry weather, a half-dozen California wildfires have exploded to burn more than 85,000 acres and hundreds of structures in […]

Another EuroCrisis Looms as Socialism Fails in Europe

Another EuroCrisis Looms as Socialism Fails in Europe

Ratings agency S & P has downgraded its outlook for Italy’s sovereign debt but left its credit rating untouched, upping the pressure on Rome amid a stand-off with Brussels over its budget. Friday’s announcement, which warned Rome’s fiscal policy was jeopardising banks’ ability to fund the Italian economy, followed last week’s decision by Moody’s to […]

S&P 500 Looks Undervalued in Here

S&P 500 Looks Undervalued in Here

S&P 500 Looks Undervalued in Here $SPY According to FactSet, the 5-year average for the forward 12-month P/E multiple for the S&P 500 is 16.3.  Today, the forward 12-month P/E multiple is 15.9 Vs 16.8 at the start of Q-4. On the surface, the S&P 500 appears to be undervalued. Why, then, hasn’t there been […]

Expect Bumper Christmas Shopping

Expect Bumper Christmas Shopping

Expect Bumper Christmas Shopping Tariffs won’t play the Grinch this Christmas, as US stores should have a solid holiday shopping season amid a strong economy, the National Retail Federation said Thursday. The retailer group highlighted robust US job growth and healthy consumer confidence, as elements that will help drive a 4.3-4.8 percent rise in holiday […]

South Africa’s New Apartheid: Seizing Land from White Farmers

South Africa’s New Apartheid: Seizing Land from White Farmers

South Africa’s New Apartheid: Seizing Land from White Farmers President Cyril Ramaphosa has embraced the plan to expropriate land from white farmers without compensation and redistribute it to the landless black majority. The South African government has announced it will start a process of briefing American companies based in the country on the theft of […]

It is Official, Ferrari (NYSE:RACE) to Build its FUV

It is Official, Ferrari (NYSE:RACE) to Build its FUV

It is Official, Ferrari (NYSE:RACE) to Build its FUV $RACE Ferrari (NYSE: RACE) made it official Tuesday, it is developing an FUV, a new model intended to appeal to its clienti who may want a the Maranello Outfit’s version of an SUV. The Big Q: Is Ferrari throwing away 70 years of hard-won exclusivity for a bottom-line […]

President Trump Sees Gain From China Tariffs as Worth US Pain

President Trump Sees Gain From China Tariffs as Worth US Pain

President Trump Sees Gain From China Tariffs as Worth US Pain The Trump Administration said it needs to confront China over its trading practices to defend US long-term interests even as escalating tariffs may cause discomfort for American consumers. Inaction by the US would leave the American economy and consumers worse off over the longer […]

President Trump: ‘We Will Be 100%’ With Hurricane Florence Victims

President Trump: ‘We Will Be 100%’ With Hurricane Florence Victims

President Trump: ‘We Will Be 100%’ With Hurricane Florence Victims Wednesday, President Donald Trump sought to offer comfort to families who suffered losses in Hurricane Florence, declaring “America grieves for you” as he arrived in North Carolina to survey damage left by the powerful storm. President Trump pledged to be with storm victims “100 percent” […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Again, lots more US economic data this week. We will see the Empire PMI Monday and the Philly Fed Thursday. Housing starts, Existing home sales, Leading indicators also this week. The the major US major stock market indexes continue to trend higher and in the face […]

Florence Punishes Carolinas with Rain, Flooding, 8 Dead

Florence Punishes Carolinas with Rain, Flooding, 8 Dead

Florence Punishes Carolinas with Rain, Flooding, 8 Dead Florence dumped huge amounts of rain on North and South Carolina as it blew inland Saturday, triggering dangerous flooding, knocking out power in nearly 900,000 homes and businesses, and causing at least 8 deaths so far. Florence’s intensity has diminished since it roared ashore along the US […]

Philippines Seeing Typhoon Manghut’s Damage, Casualties, Heavy Rains

Philippines Seeing Typhoon Manghut’s Damage, Casualties, Heavy Rains

Philippines Seeing Typhoon Manghut’s  Damage, Casualties, Heavy Rains Saturday, Philippine officials were assessing damage and checking on possible casualties as Typhoon Mangkhut pummeled the northern breadbasket with ferocious wind and rain that set off landslides, damaged an airport terminal and ripped off tin roofs. There are no immediate deaths reported but Defense Secretary Delfin Lorenzana […]

British Pound: USD/GBP (GBP=X) remains intact on balance despite recent weakness

British Pound: USD/GBP (GBP=X) remains intact on balance despite recent weakness

British Pound: USD/GBP (GBP=X) remains intact on balance despite recent weakness It is a busy week for UK data with several key data releases, and the Bank of England (BOE) meeting scheduled to finish on Thursday at 12.00 B.S.T. The BOE raised interest rates by 0.25% at their August meeting but they are not expected […]

Trump Goes All in on Iran

Trump Goes All in on Iran

The US is creating a so-called Iran Action Group, US Secretary of State Mike Pompeo has announced, adding that Brian Hook will lead the group in order to spur “international support for our efforts.” Speaking at the Thursday State Department briefing, Pompeo claimed that the world is demanding change in Iran’s behavior, so that it […]

Has Trump Created a Monster

Has Trump Created a Monster

Has Trump Created a Monster The trade battle started by the USA has had a not-so-unexpected consequence, China and Russia have been had at work building international allies to fight the US sanctions. New trade deals have been done at an alarming rate across the world, Americas inaction in South America and Africa have left […]

Former CIA Director John Brennan Stripped of His Top Security Clearance

Former CIA Director John Brennan Stripped of His Top Security Clearance

Former CIA Director John Brennan Stripped of His Top Security Clearance Wednesday, US President Donald Trump revoked the security clearance of former CIA Director John Brennan, accusing Mr. Brennan of using his access to classified information to “sow division and chaos” about The Trump Administration. President Trump announced the decision in a statement read by […]

“Anyone doing business with Iran will NOT be doing business with the United States.”

“Anyone doing business with Iran will NOT be doing business with the United States.”

“Anyone doing business with Iran will NOT be doing business with the United States.” The 1st stiff set of US sanctions against Iran that had been eased under the landmark nuclear accord went back into effect at Midnight Tuesday under an executive order signed by President Donald Trump, targeting financial transactions that involve USDs, Iran’s automotive […]

President Trump is ‘Begging’ Congress to Fix Immigration Laws

President Trump is ‘Begging’ Congress to Fix Immigration Laws

President Trump is ‘Begging’ Congress to Fix Immigration Laws Pesident Donald Trump is ‘begging’ for Congress to “step up” and fix the nation’s “broken” immigration system, and is less concerned about shutting down the federal government before or after the midterm elections in that quest, White House press secretary Sarah Huckabee Sanders said Wednesday. “The […]

Fed’s FOMC Votes 8-0 to Leave Fed Fund’s Rate Unchanged 

Fed’s FOMC Votes 8-0 to Leave Fed Fund’s Rate Unchanged 

Fed’s FOMC Votes 8-0 to Leave Fed Fund’s Rate Unchanged $DIA, $SPY, $QQQ, $RTUX, $VXX The FOMC left the benchmark interest rate unchanged, and reiterating their plan to gradually lift borrowing costs to keep the economy expanding at a healthy pace. Economic activity has been “rising at a strong rate,” and the unemployment rate “has […]

Ex-Hussein Obama Spy Chief’s Could Use Secrets to Undermine President Trump

Ex-Hussein Obama Spy Chief’s Could Use Secrets to Undermine President Trump

Ex-Hussein Obama Spy Chief’s Could Use Secrets to Undermine President Trump Former New York Police Commissioner Bernie Kerik says spy chiefs who constantly attack President Trump and accuse him of treason are attempting to “undermine” his administration. Commissioner Kerik, who served as the provision Interior Minister of Iraq during Operation Iraqi Freedom, supports Senator Rand […]

US Economy Not Harmed by President Trump’s International Trade Dust-ups

US Economy Not Harmed by President Trump’s International Trade Dust-ups

US Economy Not Harmed by President Trump’s International Trade Dust-ups Shayne and I expect China to align with the US’s sloution, as it cannot afford not to. Saturday, US Treasury Secretary Steven Mnuchin said that the overall US economy has not been harmed by the trade battles set off by President Donald Trump’s get-tough policies, […]

China Building a Free Trade Network

China Building a Free Trade Network

China Building a Free Trade Network Amid a revival of unilateralism and protectionism across the globe, experts hail efforts to safeguard multilateralism and build an open world economy. China and the European Union (EU) on Monday agreed to jointly work to safeguard the rules-based international order, promote multilateralism and support free trade. The agreement was […]

President Trump, “Oil Prices are too high, Not good”

President Trump, “Oil Prices are too high, Not good”

President Trump, “Oil Prices are too high, Not good” $USO, $OIL, $UGA “An SPR release would have a psych impact on the market. It may not translate into lower gasoline prices, but it would immediately bring down Crude Oil prices until the market adjusts” The Trump Administration is considering tapping into the nation’s emergency supply […]

Trade War will Raise US Interest Rates

Trade War will Raise US Interest Rates

Trade War will Raise US Interest Rates U.S. financial services firms Morgan Stanley and JP Morgan said Friday that they expect the South Korean central bank to raise the base rate next month on a modest economic recovery and low inflationary pressure. In a monetary policy committee meeting on Thursday, the Bank of Korea (BOK) […]

Trade War Update

Trade War Update

Trade War Update China China said Friday that its attitude on respecting and protecting intellectual property rights (IPR) is serious and its actions are effective, calling the U.S. allegations of so-called IPR theft by China groundless. “In recent months, the United States has repeatedly accused China of stealing intellectual property rights, but it has never […]

Trade War: China Responds

Trade War: China Responds

Trade War: China Responds China will take necessary countermeasures to resolutely safeguard its rights and interests, a Chinese Foreign Ministry spokesperson said Wednesday after the United States announced a list of tariffs on 200 billion U.S. dollars of Chinese goods Tuesday. “The behavior of the U.S. is typical ‘trade bullying,” spokesperson Hua Chunying said at […]

Boeing (NYSE: BA): The Future Is Built Here

Boeing (NYSE: BA): The Future Is Built Here

Boeing (NYSE: BA): The Future Is Built Here Boeing (NYSE: BA) today announced its plans to reveal the exciting future of air and space travel at the 2018 Farnborough International Airshow, which takes place July 16-22. From hypersonic travel to the future of autonomous flight to manned space flight, Boeing will visually present the innovations […]

President Trump’s $500-B Trade Threat Hammering China Investors

President Trump’s $500-B Trade Threat Hammering China Investors

President Trump’s $500-B Trade Threat Hammering China Investors $DIA, $SPY, $QQQ, $RUTX, $VXX Now, with 6 months of wrangling over trade tariffs with the United States has wiped out 22% and counting of China’s stock market value and driven its currency down sharply. Those moves are just the beginning on what may be coming. Shanghai’s benchmark […]

The Trump Effect: China’s Stock Markets Feeling ‘Extreme Pain’

The Trump Effect: China’s Stock Markets Feeling ‘Extreme Pain’

The Trump Effect: China’s Stock Markets Feeling ‘Extreme Pain’ $DIA, $SPY, $QQQ, $RUTX, $DJSH, $VXX Tuesday’s stock market plunge shocking Chinese investors. China’s benchmark equity gauge sank almost 5% at one point and by the close, the escalating tensions with the US pushed 1,023 stocks ‘lock limit’ down by 10% on the day, that is […]

USD/EUR (EUR=X) below 1.20 for an extended period on ECB rate guidance

USD/EUR (EUR=X) below 1.20 for an extended period on ECB rate guidance

USD/EUR (EUR=X) below 1.20 for an extended period on ECB rate guidance After today’s ECB meeting, analysts from Danske Bank explained that it is the new time dependent rate guidance that is key for the euro. Key Quotes: “A short-lived knee-jerk move higher in EUR/USD on the QE end-date announcement but this quickly more than reversed as the rate guidance […]

China and ASEAN Move Closer

China and ASEAN Move Closer

China and the Association of Southeast Asian Nations (ASEAN) will expand cooperation in various fields and forge a closer community with a shared future, said Chinese State Councilor and Foreign Minister Wang Yi on Tuesday. He made the remarks while holding talks with Secretary-General of ASEAN Lim Jock Hoi in Beijing. China and ASEAN would […]

Trump is Officially one of the Greatest Presidents

Trump is Officially one of the Greatest Presidents

North Korean leader Kim Jong-un reaffirmed his commitment to the “complete denuclearization of the Korean Peninsula” in a written agreement with U.S. President Donald Trump on Tuesday. The four-point joint statement fell short of codifying the U.S. demand for “complete, verifiable and irreversible” dismantlement (CVID). It also did not specify a timeline or how to […]

Irritants aside G-7 Moves Forward on Resolving Key  Trade Issues

Irritants aside G-7 Moves Forward on Resolving Key  Trade Issues

Irritants aside G-7 Moves Forward on Resolving Key  Trade Issues President Trump’s view is that other countries have imposed unfair tariffs limiting US imports for decades but that the United States has allowed those countries to bring low-cost goods into the country, hurting American companies and workers, and says that has got to stop. President […]

U.S.-North Korea Summit Update

U.S.-North Korea Summit Update

U.S. President Donald Trump and North Korean leader Kim Jong-un will meet for one day on Tuesday, the White House said, announcing the detailed schedule for the historic summit. The two leaders are to begin their high-stakes meeting at 9 a.m. as previously announced, with translators only, before moving on to an expanded bilateral meeting […]

NASDAQ Marks Another All Time High

NASDAQ Marks Another All Time High

NASDAQ Marks Another All Time High $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday as investors were encouraged by US economic data, driving the NASDAQ to finish at another at record high for the 2nd day running, as the technology and consumer discretionary sectors outpreformed Investors remain a bit wary about trade discussions, with Mexico imposing tariffs […]

President Trump Dubs MS-13 Lover Pelosi “High Tax, High Crime Nancy”

President Trump Dubs MS-13 Lover Pelosi “High Tax, High Crime Nancy”

President Trump Dubs MS-13 Lover Pelosi “High Tax, High Crime Nancy” President Donald Trump has come up with a new nickname for the House Minority Leader: High Tax, High Crime Nancy. Earlier Tuesday, he urged voters in “High Tax, High Crime California,” to support John Cox, GOP candidate for Governor. President Trump has branded Pelosi an “MS-13 Lover,” for criticizing […]

Spygate: Top Hussein Obama Officials Knew About FBI’s Trump Campaign Spy

Spygate: Top Hussein Obama Officials Knew About FBI’s Trump Campaign Spy

Spygate: Top Hussein Obama Officials Knew About FBI’s Trump Campaign Spy Former US President Barack Hussein Obama was aware of the FBI mole embedded in Donald J. Trump’s Presidential Campaign, because both the CIA director and DNI knew about it and they briefed Mr. Hussein Obama daily. The mole, one long time CIA/FBI asset Stefan Halper, […]

OPEC and Russia to Raise Crude Oil Output 

OPEC and Russia to Raise Crude Oil Output 

OPEC and Russia to Raise Crude Oil Output $OIL, $USO Saudi Arabia and Russia are discussing raising OPEC and non-OPEC Crude Oil production by some 1-M BPD. OPEC’s Chief said a complaint from US President Donald Trump over high prices triggered the plan to expand Crude Oil output. Riyadh and Moscow are prepared to ease […]

Tesla (NASDAQ:TSLA):What is Musk Up to Now?

Tesla (NASDAQ:TSLA):What is Musk Up to Now?

Tesla (NASDAQ:TSLA):What is Musk Up to Now? $TSLA The United Auto Workers union (UAW) has filed a complaint accusing Tesla (NASDAQ:TSLA) CEO Elon Musk of illegally threatening to take away benefits from workers who join the union. The UAW is seeking to represent workers at Tesla’s facility in Fremont, California filed the complaint with the […]

President Trump Cancelled NKorea Summit, Door Left Open

President Trump Cancelled NKorea Summit, Door Left Open

President Trump Cancelled NKorea Summit, Door Left Open President Donald Trump has canceled his planned summit with North Korea’s Kim Jong Un, citing the “tremendous anger and open hostility” in recent statements from Pyongyang. The White House used Twitter to announce Trump’s decision to call off the 12 June meeting, releasing his letter to Kim. The […]

President Trump Donates Salary to VA

President Trump Donates Salary to VA

President Trump Donates Salary to VA US President Donald Trump has donated his $100,000 Quarterly salary to the Department of Veterans Affairs, the White House announced Thursday. The money will be to the VA’s caregiver program. President Trump is donating his salary each quarter to “important projects,” press secretary Sarah Huckabee Sanders said. In the past, […]

Najib Faces Jail in Malaysia

Najib Faces Jail in Malaysia

Malaysian Prime Minister Mahathir Mohamad moved swiftly against predecessor Najib Razak just days after his shock election win, banning him from leaving the country and planning to reopen a probe into a multibillion dollar scandal at a state fund that Najib helped set up. Even as a chastened Najib said he would support a smooth […]

Terrorist Attacks Continue in Indonesia

Terrorist Attacks Continue in Indonesia

Indonesia is under attack from Muslim extremists with the groups staging multiple attacks over several days. Tourists in Indonesia, especially Bali should take extreme caution as the country continues to loose control to fundamentalists. An explosion has hit a police station in Surabaya, Indonesia. It comes a day after coordinated suicide blasts at three churches […]

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher

Chicago Agriculture Commodities Traded Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture commodities traded higher Tuesday on reports that Beijing and Washington pledged to continue trade talks. Tuesday, Chinese President Xi Jinping said that China and the United States should maintain communication to try to find a way to properly solve their trade […]

Philippine Economy a Growth Story

Philippine Economy a Growth Story

The Asian Development Bank (ADB) has reiterated its view that the Philippine economy will grow by an even faster clip in the years ahead on the back of rising manufacturing and other investments. Ramesh Subramaniam, ADB Director General for Southeast Asia, said rising labor productivity, as well as investments in manufacturing and technology are building […]

US Economy and Earnings Season

US Economy and Earnings Season

Higher costs for oil, industrial metals and other materials have emerged as a headwind during US earnings season, amplifying inflation worries at the same time the labor market is tightening. Companies from across the US economy cited the drag from supply costs in conference calls, in some cases reporting lower first-quarter profits or cutting their […]

As Trade Talks With China Open, President Trump Praises President Xi

As Trade Talks With China Open, President Trump Praises President Xi

As Trade Talks With China Open, President Trump Praises President Xi Thursday, US President Donald Trump praised his relationship with Chinese President Xi Jinping as officials from the world’s 2 largest economies began trade talks in Beijing. A deal to fundamentally change China’s economic policies is viewed possible during the 2 days of talks, though […]

Trump Brings North Korea in from the Cold

Trump Brings North Korea in from the Cold

Trump Brings North Korea in from the Cold North Korea plans to close its nuclear weapons test site in May and give South Korean and US experts and the media access to the process, South Korea says. The closure was apparently decided upon when North Korean leader Kim Jong-un and South Korean President Moon Jae-in […]

James Clapper Admits to Leaking State Secrets to CNN

James Clapper Admits to Leaking State Secrets to CNN

James Clapper, the former director of national intelligence-turned CNN pundit, first denied and then admitted to discussing the anti-Trump ‘Steele dossier’ with a CNN journalist while in office, an intelligence report reveals. Neither Clapper nor CNN have been charged with any offenses. The 253-page US House Intelligence Committee report on the alleged Russian meddling in […]

Hussein Obama’s DNI, James Clapper Tried to ‘Dump’ Trump and Failed

Hussein Obama’s DNI, James Clapper Tried to ‘Dump’ Trump and Failed

Hussein Obama’s DNI, James Clapper Tried to ‘Dump’ Trump and Failed The Capper Spy Lies A master of disinformation, Gen. James Clapper (Lt.Gen. USAF ret.), lied under oath to Congress about his contacts with the MSM in an effort to discredit US President-elect Donald J. Trump The GOP-led House Intelligence Committee released its much-anticipated report on Russian […]