Update: President Trump’s 10% China Tariffs Will Rise to 25% at 12.01a on 10 May

Update: President Trump’s 10% China Tariffs Will Rise to 25% at 12.01a on 10 May

Update: President Donald Trump’s top trade negotiator said the U.S. plans to raise tariffs on Chinese goods Friday, accusing Beijing of backpedaling on commitments it made during negotiations. The trade talks will continue and a Chinese delegation will visit Washington on Thursday and Friday, US Trade Representative Robert Lighthizer told reporters Monday in Washington. The […]

Qualcomm (NASDAQ:QCOM) Beats, Guides Lower

Qualcomm (NASDAQ:QCOM) Beats, Guides Lower

$QCOM Qualcomm (NASDAQ:QCOM) reported F-Q-2 Y 2019 results after the close Wednesday. The chip-maker posted adjusted diluted EPS of 0.77 and revenues of $4.9-B. In F-Q-2 Y 2018, Qualcomm reported EPS of 0.78 on revenues of $5.2-B. The consensus analysts’ estimates called for EPS of 0.71 and $4.8-B in revenue. The big news for Qualcomm […]

US-China Trade Trade Talks Coming to a Fruitful Close

US-China Trade Trade Talks Coming to a Fruitful Close

Saturday, US Treasury Secretary Steven Mnuchin said a US-China trade agreement would go “way beyond” prior efforts to open China’s markets to US companies and hoped that the 2 sides are “close to the final round” of negotiations. Secretary Mnuchin, speaking to reporters on the sidelines of the International Monetary Fund and World Bank Spring […]

UK PM May Confirms Parliament Will Get to Vote between No-deal BREXIT and Delaying Departure from EU

UK PM May Confirms Parliament Will Get to Vote between No-deal BREXIT and Delaying Departure from EU

UPDATE: Britain’s Parliament strongly rejects Prime Minister’s BREXIT deal in major blow to EU divorce plan. Parliament Parliament to Vote between No-deal BREXIT and Delaying Departure from EU Thursday. UK PM Theresa May worked to win last-minute changes from the European Union to her BREXIT deal Monday, a day before a Key vote in Britain’s […]

US-China Close to Resolving Trade Dispute, President Trump Pushes Deadline

US-China Close to Resolving Trade Dispute, President Trump Pushes Deadline

$SOY, $USD, $CNY FLASH: “…productive talks, I will be delaying the US increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for US & China!” The US and Chinese […]

Time to Buy Risk as US-China Trade Dispute Resolves

Time to Buy Risk as US-China Trade Dispute Resolves

$DIA, $SPY, $QQQ, $RUTX, $GLD, $SLV, $USO, $SOY FLASH: It is absolutely the time to buy risk. Saturday, positive developments in trade talks between the world’s 2 largest economies should boost riskier assets, as extended US-China negotiations are ‘positive’ for risk assets. They will lead to a weaker USD, supporting Crude Oil prices and Gold […]

PM May Plays for Time on BREXIT Deal

PM May  Plays for Time on BREXIT Deal

UK PM Theresa May is seeking more time to renegotiate her BREXIT deal as Parliament threatens to take control over the process to stop the UK opting out of the EU with no agreement in place. The PM wrote a conciliatory letter to opposition Labour Leader Jeremy Corbyn, after he proposed setting her a new […]

President Trump Plans Rally in El Paso, Texas

President Trump Plans Rally in El Paso, Texas

FLASH: Speaker Pelosi (D:CA) Seeks Deal as Wall Deadline Nears Pesident Trump and House Speaker Nancy Pelosi struck starkly different tones in their border security standoff Wednesday, as President Trump planned a rally in a Texas border city he says exemplifies the need for a Wall and Mrs. Pelosi said she’d back any bi-partisan deal […]

Stocks Finish Higher on Headline News

Stocks Finish Higher on Headline News

$DIA, $SPY, $QQQ, $RUTX, $VXX Stocks jumped at the open on initial speculation that a deal to reopen the government was imminent, the notion that the Fed may be getting close to the end of its balance sheet normalization effort, plus the expression from Treasury Secretary Mnuchin that the US is making progress with China trade […]

More Time for BREXIT Possible

More Time for BREXIT Possible

The Latest on Britain’s exit from the EU Austrian Chancellor Sebastian Kurz is suggesting it may be possible to give Britain more time to leave the European Union if it comes up with a good strategy, saying a no-deal BREXIT would be bad for everyone. Chancellor Kurz is quoted by Germany’s Welt am Sonntag newspaper […]

BREXIT Progress: UK Gives Consent to Spain over Gibraltar, Deal Done

BREXIT Progress: UK Gives Consent to Spain over Gibraltar, Deal Done

BREXIT Progress: UK Gives Consent to Spain over Gibraltar, Deal Done Spain’s junior minister for the European Union says British authorities have consented to Spanish demands granting Madrid prior approval on matters relating to Gibraltar. Luis Marco Aguiriano says “we have a promise, a commitment, from the British government saying they are ready to … […]

See a 10% Rally in Stocks On a Trade Deal with China

See a 10% Rally in Stocks On a Trade Deal with China

See a 10% Rally in Stocks On a Trade Deal with China $DIA, $SPY, $QQQ, $RUTX, $VXX A positive US-China statement or a tariff pause are rising possibilities China’s Bear market is driving the settlement agreement. Investors pained by the pullback in stocks are looking toward this month’s G-20 Summit for a breakthrough on trade. […]

F1: Liberty Media Fuels a Air of Uncertainty, Stock Tanks

F1: Liberty Media Fuels a Air of Uncertainty, Stock Tanks

F1: Liberty Media Fuels a Air of Uncertainty, Stock Tanks $RACE, $FWONK Liberty Media claims that F1 reversing stock price may have been fueled by an air of uncertainty over if it will strike a new deal with the 10 racing Teams before their current contract expires in years. Liberty bought F1 for $4.6-B, and […]

British Cabinet Backs PM May’s BREXIT Plan

British Cabinet Backs PM May’s BREXIT Plan

British Cabinet Backs PM May’s BREXIT Plan British Prime Minister Theresa May said on Wednesday that cabinet had backed her BREXIT plan, adding it was in the national interest but that there would be difficult days ahead. “The collective decision of cabinet was that the government should agree the draft withdrawal agreement and the outline […]

The Trump Effect: Economic Policies Translating Into More Jobs

The Trump Effect: Economic Policies Translating Into More Jobs

The Trump Effect: Economic Policies Translating Into More Jobs “The only reason to vote for a Democrat is if you are tired of Winning!” “Our strong economy means more jobs for our great electrical contractors.” Tuesday, US President Donald Trump told electrical contractors that his economic policies would translate into more jobs for their ranks […]

President Trump: The US Returns to a “Manufacturing Powerhouse”

President Trump: The US Returns to a “Manufacturing Powerhouse”

President Trump: The US Returns to a “Manufacturing Powerhouse” Monday, US President Donald Trump on celebrated the revised North American trade deal with Canada and Mexico as a return of the United States to a “manufacturing powerhouse,” vowing to sign the agreement by late November. But the President noted that the deal needs to be […]

Tesla (NASDAQ:TSLA) Has a Musk Imposed ‘Code of Secrecy’ Within Its Ranks

Tesla (NASDAQ:TSLA) Has a Musk Imposed ‘Code of Secrecy’ Within Its Ranks

Tesla (NASDAQ:TSLA) Has a Musk Imposed ‘Code of Secrecy’ Within Its Ranks $TSLA People could not be hired at Tesla Inc. (NASDAQTSLA) without signing an agreement restricting them from spreading proprietary information, according to the company’s senior director of human resources for production and supply chain. Josh Hedges, the Tesla manager, testified in a National Labor Relations […]

President Trump Announces New US-SKorea Free Trade Agreement

President Trump Announces New US-SKorea Free Trade Agreement

President Trump Announces New US-SKorea Free Trade Agreement Monday, US President Donald Trump announced a  new free trade agreement between the United States and South Korea that he said will be mutually beneficial. Trump and South Korean President Moon Jae-in met at the United Nations, where many world leaders are gathering this week for the […]

“Iran’s Economy Is ‘Plummeting’ Under US Pressure”

“Iran’s Economy Is ‘Plummeting’ Under US Pressure”

Iran’s Economy Is ‘Plummeting’ Under US Pressure Iran’s economy is faltering after the US pulled out of a nuclear deal in May, and Europeans are deciding not to do business there, said Nikki Haley, the US Ambassador to the United Nations. The US position remains not to do business with any EU countries that engage […]

President Trump Wants ‘Rapid’ Resolution of Trade Issues With EU

President Trump Wants ‘Rapid’ Resolution of Trade Issues With EU

President Trump Wants ‘Rapid’ Resolution of Trade Issues With EU Washington is pressing the European Union to move more quickly on trade negotiations launched after last month’s meeting between President Donald Trump and EU Commission President Jean-Claude Juncker. Emily Haber, Germany’s Ambassador to the United States, told reporters that a working group formed after the […]

Tesla’s (NASDAQ:TSLA) Agreement with Panasonic Unchanged

Tesla’s (NASDAQ:TSLA) Agreement with Panasonic Unchanged

Tesla’s (NASDAQ:TSLA) Agreement with Panasonic Unchanged $TSLA Tesla (NASDAQ:TSLA) has revised an agreement that required it to buy all of the solar cells and modules Panasonic Tesla revised an agreement that required it to buy all of the solar cells and modules Panasonic produced at their jointly operated factory in Buffalo, New York Under the new terms […]

“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 […]

Iran on the Verge of Collapse Willing to Talk with US ‘right now’

Iran on the Verge of Collapse Willing to Talk with US ‘right now’

Iran on the Verge of Collapse Willing to Talk with US ‘Right Now’ Iranian President Hassan Rouhani says he’s willing to talk to the US “right now”. His statement comes as US sanctions on the country took effect Tuesday. They were previously relaxed under the Y 2015 Iran nuclear deal. President Rouhani said Monday: “I do not […]

John Bolton: “The President is not ‘starry eyed’ about NKorea’s promises”

John Bolton: “The President is not ‘starry eyed’ about NKorea’s promises”

John Bolton: “The President is not ‘starry eyed’ about NKorea’s promises” NKorean leader Kim Jong Un’s regime knows what the United States expects of it, National Security Adviser (NSA) John Bolton said Monday, but he does not think President Donald Trump is “starry-eyed” about NKorea and its promises. “I don’t think he is starry eyed, […]

US Stocks ‘Jump’ on President Trumps Trade Agreement with EU’s Junker

US Stocks ‘Jump’ on President Trumps Trade Agreement with EU’s Junker

US Stocks ‘Jump’ on President Trumps Trade Agreement with EU’s Junker $DIA, $SPY, $QQQ, $RUTX, $VXX President Donald Trump’s agreement with European Commission President Jean-Claude Juncker pushed seven S&P 500 Index member stocks up more than 1% in the closing 18 mins of the trading session. Deere & Co., the world’s biggest tractor maker, surged […]

EU Aligns With President Trump on Trade Issues

EU Aligns With President Trump on Trade Issues

EU Aligns With President Trump on Trade Issues Wednesday, US President Donald Trump reached an agreement with European Commission President Jean-Claude Juncker aimed at averting a transatlantic trade war, easing tensions  fueled by President Trump’s threat to impose tariffs on car imports. The 2 sides agreed to expand European imports of US LNG (liquified natural […]

US Has an “Agreement in Principle” with China to Reduce Trade Deficit

US Has an “Agreement in Principle” with China to Reduce Trade Deficit

US Has an “Agreement in Principle” with China to Reduce Trade Deficit Thursday, US Commerce Secretary Wilbur Ross said that China looks to be open to reducing its trade deficit with the US by as much as $200-B within 2years, along with other White House demands. “I think they agreed to the concept of a […]

Top Trade Officials Working to Update NAFTA

Top Trade Officials Working to Update NAFTA

Top Trade Officials Working to Update NAFTA Top US, Mexican and Canadian trade officials met Friday to discuss prospects for updating the North American Free Trade Agreement (NAFTA). No time limit has been set for the Washington talks between US Trade Representative Robert Lighthizer, Mexican Economy Minister Ildefonso Guajardo and Canadian Foreign Minister Chrystia Freeland, […]

Medical Marijuana Update

Medical Marijuana Update

Medical Marijuana Update The Veterans Administration Secretary hints at openness to medical marijuana for PTSD, Arkansas regulators are ready to accept applications, Florida lawmakers are ready to move forward on implementing the will of the voters, and more. National Last Wednesday, the VA secretary said he’s open to medical marijuana for PTSD. Department of Veterans […]

President Trump Plans to Exit the Paris Accord on Climate Change

President Trump Plans to Exit the Paris Accord on Climate Change

President Trump Plans to Exit the Paris Accord on Climate Change Late Saturday, US President Donald Trump has told “Confidants,” including the head of the Environmental Protection Agency (EPA) Scott Pruitt, that he plans to leave a landmark international agreement on climate change. President Trump said in a Twitter post he would make a decision […]

NATO Countries Paying Up after President Trump’s Public Scolding

NATO Countries Paying Up after President Trump’s Public Scolding

NATO Countries Paying Up after President Trump’s Public Scolding President Donald Trump Saturday tweeted that NATO member states have “agreed to step up payments considerably” and that “money is beginning to pour in” after his speech on Thursday scolding the nations’ leaders in Brussels.  Follow Donald J. Trump ✔@realDonaldTrump Many NATO countries have agreed to […]

US-China Trade Deal Reveals Key Corporate Winners

US-China Trade Deal Reveals Key Corporate Winners

US-China Trade Deal Reveals Key Corporate Winners $V, $MA, $AXP, $LNG, $JPM, $MS, $TSN Beef companies, credit card firms and LNG (liquefied natural gas) exporters emerged as potential corporate winners Friday in the wake of trade agreements reached between the United States and China. Initial reaction on the US stock market was subdued after the announcement […]

The Do/Don’t of US Military Aid to Israel

The Do/Don’t of US Military Aid to Israel

The Do/Don’t of US Military Aid to Israel More specifics about congressional restrictions on US military aid for Israel have emerged with the State Department release of the memorandum of understanding (MOU) governing the bilateral pact signed nearly four months ago. Details of the $38 billion deal, which covers fiscal years 2019 to 2028, provide […]

OPEC and Non-OPEC Producers Agree to Cut Crude Oil Production

OPEC and Non-OPEC Producers Agree to Cut Crude Oil Production

OPEC and Non-OPEC Producers Agree to Cut Crude Oil Production $OIL Saturday, OPEC and non-OPEC producers reached their first deal since Y 2001 to curtail oil output jointly and ease a global glut after more than 2 years of low prices that stretched many budgets and triggered unrest in some countries. With the deal signed […]

Crude Oil Declines Ahead of 30 November OPEC Talks

Crude Oil Declines Ahead of 30 November OPEC Talks

Crude Oil Declines Ahead of 30 November OPEC Talks $OIL, $USO The OPEC meeting scheduled for 30 November continues to dominate Crude Oil’s price movements. Reports surfaced late Friday that Saudi Arabia has walked away from a planned meeting with Russia and other non-OPEC producers after the Saudis were unable to reach an agreement with […]

The WB and BRICS’ NDB Bank Align for Expanded Development

The WB and BRICS’ NDB Bank Align for Expanded Development

The WB and BRICS’ NDB Bank Align for Expanded Development Friday, the World Bank Group and the New Development Bank (NDB) set up by the BRICS nations signed a MOU (memorandum of understanding) to strengthen their cooperation in addressing global infrastructure needs. The memorandum, signed by World Bank Group President Jim Yong Kim and NDB […]

Boeing (NYSE:BA) Agrees to Sell 100 Passenger Planes to Iran

Boeing (NYSE:BA) Agrees to Sell 100 Passenger Planes to Iran

Boeing (NYSE:BA) Agrees to Sell 100 Passenger Planes to Iran $BA, $EADSY Sunday, Iran reached an agreement with Boeing (NYSE:BA) to purchase 100 passenger planes to renew the country’s aging fleet, Press TV reported. The deal awaits US government’s approval, Head of Iran’s Civil Aviation Organization (CAO) Ali Abedzadeh said. “We have 250 planes in […]

Tips on How to Sell Your Million/s Dollar Vintage or Classic Car

Tips on How to Sell Your Million/s Dollar Vintage or Classic Car

Tips on How to Sell Your Million/s Dollar Vintage or Classic Car $BID Each and every year since 1971 hundreds of millions of dollars’ worth of classic and vintage collector cars find new homes via the world’s prestigious auctions and private treaty transactions. This year sales predictions this year are cautiously optimistic. But, no matter […]

GE (NYSE:GE), Saudi’s SAIIC Ink $3-B Deal to support new Saudi Vision

GE (NYSE:GE), Saudi’s SAIIC Ink $3-B Deal to support new Saudi Vision

GE (NYSE:GE), Saudi’s SAIIC Ink $3-B Deal to support new Saudi Vision $GE The J-V agreement will help expand the Kingdom’s local manufacturing sector The US industrial conglomerate General Electric (NYSE:GE) has signed a $3-B MOU (memorandum of understanding) with the Saudi Arabian Industrial Investments Company (SAIIC) to help develop the local manufacturing industry. Under […]