$RACE F1 bosses have explained that they reached a settlement with Ferrari over their engine case as they feared they would not be able to prove any wrongdoing. Last week, the FIA said an agreement was reached with The Scuderia over a long-running analysis into their Y 2019 power unit due to questions raised by […]
Treasury Secretary Steven Mnuchin told Reuters he does not expect the coronavirus outbreak to have a material impact on the Phase 1 US-China trade deal, although that could change as more data becomes available in coming weeks. Finance officials from the world’s 20 largest economies aka G-20, said Sunday they would keep a close watch […]
Monday, Britain’s chief negotiator set out a clashing course in trade talks with the EU, saying the 27-nation bloc has missed the point of BREXIT if it thinks it will retain some supervision over UK actions. The EU has said it wants the best possible trade relationship with the UK, but only if there is […]
President Trump said he will sign ‘Phase 1’ of a trade deal with China on 15 January sealing an agreement that sees the Asian nation raising purchases of American farm goods in exchange for lower tariffs on some of its products. “The ceremony will take place at the White House,” he said on his Twitter account […]
$GLD, $XAU Gold markets tried to rally a bit during the trading session Tuesday but could not sustain any meaningful gains. At this point, the market looks very likely to continue to struggle in general, as we have seen it grind South over the last several months. This has been a gentle move down, so that […]
UN Secretary-General Antonio Guterres Monday received a formal notice from US Secretary of State Mike Pompeo on his country’s withdrawal from the Paris Agreement on Climate Change. “The United States of America notified the secretary-general, in his capacity as depositary, its withdrawal from the Paris Agreement of Dec. 12, 2015, on Nov. 4, 2019,” said […]
President Trump has talked about pulling the United States out of the landmark Paris climate agreement for more than 2 years. Starting Monday he finally can do something about it. Even then, though, the withdrawal process takes a year and would not become official until at least the day after the 2020 Presidential election. In […]
$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 […]
UK PM Boris Johnson briefed his Cabinet on the progress of last-minute BREXIT talks with the European Union. Britain is due to leave the 28-nation currency bloc on 31 October, and attempts for plans at the border between EU member Ireland and the U.K.’s Northern Ireland have been bumpy. Negotiations intensified last week after PM […]
$AUD, $WON, $JPY, $USO, $BAC OK, the US -China not being not having a date-certain schedule for the September trade talks yet, now is a good time for you too to start thinking about betting on a trade deal, as it has begun. “I am still reasonably optimistic,” David Woo, head of global rates and foreign […]
President Trump said the United States would not imminently impose new tariffs on autos imported from Japan as the largest and 3rd-largest economies continue negotiations to firm up a preliminary trade agreement. At a press conference during a G-7 Summit in Biarritz, France, President Trump was asked if he was still considering the levies, which […]
German Chancellor Angela Merkel said on Sunday that she would meet British Prime Minister Boris Johnson Wednesday evening to discuss Britain’s planned departure from the EU, adding that Berlin is prepared for a No-deal BREXIT. The fact is Germany is running scared of such an event. PM Johnson is seeking to persuade EU leaders to […]
FLASH: The British government is working on the assumption that the EU will not renegotiate its BREXIT deal and is preparing to leave the 28 nation bloc on 31 October without an agreement. Boris Johnson, the new British PM has promised to deliver BREXIT by the end of October “no ifs or buts,” plans to […]
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 […]
$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 […]
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 […]
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 […]
The White House’s Top economic adviser Larry Kudlow said Friday that President Trump and Chinese President Xi could meet on trade later this month or early next month. “Nothing in cement, but there’s a lot of talk about a meeting, yet.” President Trump Friday said he is confident the United States can forge a trade […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: March is shaping up as pivotal for the world economy. The coming weeks are set to offer clarity on a US-China trade deal, Britain’s fate within the EU and any signs that China’s economy is turning around. Also, President Trump is mulling a report that may lead him to […]
FLASH: “Lighthizer has worked miracles on this Chinese deal, we have never come this far on China trade.” White House economic adviser Larry Kudlow said the US and China are on the cusp of a historic agreement. Mr. Kudlow said the deal would commit Beijing to cut subsidies for state-owned companies and disclose when its […]
$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 […]
$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 […]
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 […]
$DIA. $SPY, $QQQ, $RUTX, $VXX Wall Street stocks declined Thursday on concerns that the United States and China would not be able to reach a trade deal, thus increasing concerns about slowing global economic growth. President Trump said he did not plan to meet with Chinese President Xi before the 1 March deadline set by […]
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 […]
$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 […]
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 […]
Trade Deal Will Have Rules China Must Obey President Donald Trump said US-China relations has taken a big step forward at the weekend after he and Chinese President Xi Jinping agreed to hold off on new tariffs, and urged Beijing to finalize a trade deal with Washington within the next 90 days. The trade deal […]
President Trump, “BREXIT deal could mean UK cannot trade with US” BREXIT agreement could jeopardize the UK’s ability to trade with the US The country on course to crash out of the bloc with No agreement in place. The agreement blessed by the EU Sunday is a great deal for the EU The EU has frequently […]
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 … […]
The Key Points of the Draft BREXIT Deal The UK and the EU have agreed to the final bit of their BREXIT deal, setting out a vision for close economic ties in a draft that hands Prime Minister Theresa May some Key political wins. EU Council President Donald Tusk said the draft had been agreed […]
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 $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 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 […]
US and China May Resume Trade Talks in December President Trump’s Economic adviser Larry Kudlow said a meeting could take place when policy makers meet in Buenos Aires for the G-20 meeting. Mr. Kudlow, director of the National Economic Council, said at a securities industry conference in Washington that no formal plans have been made […]
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” 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 […]
FLASH: Canada Has Agreed to Join The Trump Free Trade Deal Canada has agreed to join the trade deal that the US and Mexico announced last month which preserves the 3-country format of NAFTA and delivers a major win for The Trump Administration. Midnight Deadline Loomed for Canada in Free Trade Talks The US, Mexico, […]
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 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 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 […]
Canada Must Align with the US on the NAFTA Redo Or ‘it is Over’ Canada and United States are set to tackle contentious issues in bi-lateral talks Wednesday, as the 2 nations work to salvage the North American Free Trade Agreement (NADTA) on signs Ottawa was open to taking a more conciliatory approach. After more […]
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 $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 […]
Mexico the Focus of the WH NAFTA Redux, Canada on Hold US President Donald Trump said negotiations with Mexico on a new Nafta are “coming along nicely,” while telling Canada it will have to wait to re-enter the talks to modernize the three-nation trade pact, signaling his preference for bi-lateral negotiations. “Deal with Mexico is […]
“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’ 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” 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 $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 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 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 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, […]
President Trump Reverses US Policy on Iran Friday as expected, US President Donald Trump chose not to re-certify that Tehran is complying with the deal in a Key reversal of US policy. President Trump made the announcement in a speech that detailed a more confrontational approach to Iran over its nuclear and ballistic missile programs […]
No Change On President Trump’s Position on Paris Agreement There has been no change in the United States’ position on the Paris agreement,” the White House said in a statement Saturday following a report in the WS-J claiming otherwise. “As the President has made abundantly clear, the United States is withdrawing unless we can re-enter […]
US Formally to Withdraw from the Paris Agreement on Climate Control President Trump Puts America 1st. The US government has officially notified the United Nations of its “intent to withdraw from the Paris Agreement as soon as it is eligible to do so.” The State Department announced the move in a press release Friday, adding […]
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 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 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 $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 […]
UK General Election: What will it mean for trade with the GCC? UK PM Theresa May has called for a Snap general election on 8 June The sudden call for a Snap general election in the UK on 8 June by British Prime Minister Theresa May last Tuesday took the country and the world by […]
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 $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 $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 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 […]
Saudi Aramco, Japan Expand Okinawa Crude Oil Storage Deal $OIL Aramco and ADNOC store up to 6.3-M bbl of Crude Oil each in Okinawa Saudi Aramco and the Japanese government are set to agree on a roughly 2-M bbl expansion of Crude Oil storage capacity in Okinawa, used by the state-run firm to store Oil, […]
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 $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 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 […]