Islamic State’s Use of Bitcoin (BTC) May Be Over Very Soon $BTCUSD Like cash, the anonymity of Bitcoin and cryptocurrencies have attracted criminals and terrorists to the digital coins over recent past. That could soon all be over after the President of the Financial Action Task Force (FATF), Marshall Billingslea, said the group will likely agree […]
Emerging Market Rout Approaching Bottom $USD, $AUD, $NZD Franklin Templeton Investments says the rout in emerging markets may be nearing a bottom, but says that there are still countries like the Philippines that will suffer. Given the uncertainty, the money manager is keeping a net neutral USD position, while making trades including shorting the Philippine […]
John Kerry ‘Actively Undermining’ US Policy on Iran Secretary of State Mike Pompeo is unloading on his Obama-era predecessor John Kerry for “actively undermining” US policy on Iran by meeting several times recently with the Iranian foreign minister, who was his main interlocutor in the Iran nuclear deal negotiations. Friday, in blunt and caustic language, […]
Gold Dips on News of Resumed US-China Trade Talks $GLD, $SLV, $USD Gold pared gains as China became a focus point again The possible progress in the trade dispute pressured the USD. Gold prices dipped Thursday as investors purchased riskier assets instead of seeking a safe-haven in gold, on news a new round of US-China […]
Economist are Bullish on Global Growth $SPY, $MME=F, $GS,$JPM, $C, $BAC, $DB Wall Street economists are sticking with their forecasts for the global economy to enjoy its strongest growth since the start of the decade even as emerging markets wobble and trade disputes escalate. The Big Q: The reason? The Bit A: The US is […]
“China has been a ‘Serial Violator’ of WTO for Many Years” It is a good thing that China and the United States are now talking to each other on trade, but China has been a “serial violator” of the World Trade Organization (WTO) for years, Rep. Jeb Hensarling (R-TX) said Thursday. “It is just not […]
US Weekly Jobless Claims Drop to 49-yr Lows The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in 49 yrs and pointing to robust labor market conditions. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 204,000 for the week ended 8 September, the lowest […]
Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan $USD/CNY In New York Wednesday US Dollar (.DXY) Index finished down 0.5% at 94.75, approaching its August low (94.43). The Buck saw some slight strength in overnight trade, but a slide to lows took place after the release of a cooler than expected […]
US Household Incomes Rise for 3rd Year Running The median US household income rose for a 3rd year running in Y 2017 and the poverty rate declined further, government data showed on Wednesday. The Census Bureau says incomes for a typical household, adjusted for inflation, rose 1.8%, from $60,309 in Y 2016 to $61,372. The Census Bureau […]
Forex: USD Fell on Canada’s Alignment with President Trump on Trade $USD/CAD The US fell Wednesday in Asia as sources said Canada was ready to make a concession to the United States to resolve their talks over reworking the North American Free Trade Agreement (NAFTA). US Dollar (.DXY) Index finished littl changed at 95.19, looking to […]
Huge Tariffs on Chinese Goods Ready Now US President Donald Trump has raised the stakes on the proposition that the world will line up behind the US to take on China over trade. President Trump said Friday that he is willing to slap tariffs on an additional $267-B in Chinese goods, on top of duties […]
Big-Name Investors Dabble in Marijuana Stocks $MJ, $DEO, $STZ Shares of marijuana companies are beginning to attract a few big-name investors. Billionaire Leon Cooperman, 75 anni, chimed in on a recent earnings call for Green Thumb Industries, a Chicago-based grower and seller of medicinal cannabis that recently went public in Canada. The iconic hedge fund […]
President Trump’s Mexico Trade Deal a Look at the Future President Donald Trump has sidestepped conventional processes, protocols and procedures in trade negociations Last Monday, the US reached a preliminary trade agreement with Mexico that addresses several American grievances. A similar deal with Canada may also to be on track. These breakthroughs, combined with an easing […]
President Trump, “Canada Will be Out’ of Trade Deal Unless It’s ‘Fair’” Saturday, US President Donald Trump warned Canada that it “will be out” of a revised North American trade agreement unless it’s “fair” to the United States, and he threatened to scrap the current deal should Congress “interfere” with the negotiations. “There is no […]
Atlanta Fed’s Q-3 GDP Estimate at 4.1% The US economy is expanding at a 4.1% annualized rate in Q-3, the Atlanta Federal Reserve’s latest GDPNow forecast model showed, following the release of the advanced economic indicators from the US Census earlier this week. This was slower than the 4.6% GDP growth pace calculated by the […]
Highlights of the Michigan Sentiment Index (MSI) for August US consumer sentiment fell by less than expected in August on a positive outlook for the economy and a strong job market, a University of Michigan report showed Friday. Highlights of Michigan Sentiment (August, Final) Sentiment index decreased to a seven-month low of 96.2 (est. 95.5) […]
US Investors Buying an ETF that Tracks the Canadian Marijuana Industry $MJ, $DEO, $STZ US investors are buying into an ETF (exchange-traded fund) that tracks the Canadian marijuana industry as the country moves toward legalization and liquor producers show growing interest in selling marijuana. The US-listed $436-M ETFMG Alternative Harvest ETF, (ticker MJ), has taken […]
President Trump Announces the United States-Mexico Trade Agreement The Trump Administration and Mexico have reached a preliminary accord to end the North American Free Trade Agreement (NAFTA) and replace it with a deal that the administration says is more favorable to the United States. US President Donald Trump, in announcing the tentative agreement Monday at […]
US and Mexico’s Trade Negotiators Just “hours” Away From a Deal US and Mexican trade negotiators are “hours” away from squaring away bi-lateral differences on the North American Free Trade Agreement (NAFTA) a Top Mexican official said Sunday. Canada on hold for a bit. Mexican Economy Minister Ildefonso Guajardo told reporters that work with Canada, […]
New Homes Sales Slow for the 4th Month Running Sales of new US single-family homes fell in July to a 9-month low in a sign the housing market was cooling and could give less support to the overall economy. The Commerce Department said on Thursday new home sales decreased 1.7%to a seasonally adjusted annual rate of […]
US Sanctions Loom, Total (NYSE:TOT) Exits Huge Energy Project in Iran $TOT The French giant Oil & Gas Total (NYSE:TOT) company opted out, but its Chinese partner is reluctant to become the Nat Gas project’s operator. The Y 2017, $5-B contract for new development at the massive South Pars offshore Nat Gas field was the 1st […]
President Putin Talks ‘Tough’ to German Chancellor Russia’s President Vladimir Putin and German Chancellor Angela Merkel discussed the conflicts in Ukraine and Syria, as well as Iran and a nat gas pipeline project during tough talks outside Berlin that ended with no clear-cut progress. Kremlin spokesman Dmitry Peskov told reporters no agreements were reached, but […]
The Chinese Economy “looks terrible, it is collapsing” $USDCNY President Trump’s economic adviser Larry Kudlow says the Chinese economy “looks terrible.” Asked by President Donald Trump to assess China’s prospects this week at a cabinet meeting,Mr. Kudlow declared that “their economy is just heading South,” citing “the latest batch of numbers” from China’s markets. “I’m not a […]
China and the Moral Dilemma at Google Will politics beat shareholders interests? Google workers’ outrage over the notion of censoring searches to appease Chinese officials highlights the dilemma US tech companies face in accessing the lucrative market. Using technology to make the world better is a well-worn mantra in Silicon Valley, preached so strongly by […]
Turk’s in for Very Hard Times Under US Sanctions $USDTRY: -1.93% to 5.837 at the close Thursday in New York Lira slides from session high after US Treasury Secretary Steven Mnuchin said Turkish officials will face new sanctions if the country does not release Pastor Andrew Brunson in short order Turks are reacting with defiance […]
US Sanctions 3 Shipping Firms Over NKorea Strategic Trade Wednesday, The Trump Administration imposed additional sanctions on 3 foreign companies the US Treasury Department sayd are helping NKorea with illicit shipments of goods to fund its nuclear program. The US Treasury Department said it was taking action against the companies, which are based in China, […]
Millennials’ perceived value in buying a home dropped below 50 percent, down significantly from post-Brexit high, according to the latest ValueInsured quarterly Modern Homebuyer Survey: In the third quarter of 2018, 48 percent of all millennials believe buying a home in America today is a good investment; this is a record low, down from 54 […]
FX: Sterling (GBP) Traders Focused on BREXIT Outcome GBP/USD: -0.32% to 1.2721, Tuesday’s action is the 9th consecutive decliner for the GBP Having sunk to 13-month lows, the Pound Sterling could fall by up to another 10% in the coming months should Britain crash out of the EU without a deal on future trade ties, […]
Turkey’s Erdogan Talks Tough Publicly, Diplomats Talks Behind the Scenes Tuesday, Turkey’s President appeared to escalate a dispute with the United States that has helped foment a Turkish currency crisis, declaring that his country will boycott US-made electronic goods. Behind the scenes diplomats resumed formal talks to ease tensions. Addressing a conference of his ruling […]
US Economic Growth Forecast The WS-J’s monthly survey of private economists see now the average estimate for US economic growth this year to have increased to 3R, up from projections of 2.9% last month and 2.4% a year ago. The survey of private economists also expects the unemployment rate falling to 3.6% by June 2019, which would be […]
US Sanction on Russia Causes rouble to Sink Friday, Russia warned the US that it would regard any move to curb the activities of its banks as a declaration of economic war which it would retaliate against, stepping up a war of words with Washington over newly imposed sanctions. The warning, from Prime Minister Dmitry […]
US Trade Dust-up Causes Rift in Chinese Leadership A growing trade dispute with the US is reported to be causing rifts within China’s Communist Party, with some critics saying that an overly nationalistic Chinese stance may have hardened the US position. President Xi Jinping still has a firm grip on power, but an unusual surge […]
“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 […]
Some Companies that ‘Inverted’ to Return US for the Trump Tax Cuts Some of the US companies that moved offshore in a wave of inversion deals are now considering returning to the United States now that domestic tax rates are lower and tax policing is tougher abroad, attorneys and consultants said. Some clients have asked […]
Russia Sells US Treasuries, Buys Gold $GLD Russia is buying Gold, and selling its US Treasuries to avoid “political blackmail,” according to a precious metals market analyst. “This is also a kind of political declaration, stating that countries which have too many dollars can become the object of political blackmail,” the expert, Munich-based Dimitri Speck […]
Individual Investors in US View Bitcoin as Risky $BTCUSD A recent poll reveals that Bitcoin and cryptocurrency are viewed with suspicion by most US individual investors, with only 2% of them holding Bitcoin and another 75% of them describing bitcoin as “very risky.” Conducted by Gallup and Wells Fargo, the poll surveyed nearly 2,000 American investors with […]
US-Taliban Talks Send ‘Very Positive Signals’ A meeting between a senior US diplomat and Taliban representatives in Doha last week to discuss a possible ceasefire ended with “very positive signals” and a decision to hold more meetings. The meeting between a delegation led by Alice Wells, deputy assistant secretary in the State Department’s Bureau of […]
China Back at the US Trade Negotiations Table $DIA, $SPY, $QQQ, $RUTX, $VXX The US and China are working restart talks to avert trade war between the world’s 2 largest economies. Representatives of US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengage […]
US, Mexico Said Near a Deal in NAFTA Talks, Canada Left Out The US and Mexico are in the final stages of negotiating a deal on rules for cars sold under NAFTA The 2 sides have exchanged new proposals for the auto industry. Mexican Economy Minister Ildefonso Guajardo is scheduled to travel to Washington Thursday […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Again, the big cap indexes are set up well. The small and mid-caps are near the old highs and testing. Earnings are set up, ready to drive market North. The Big Q: Will the EPS provide the catalyst? The Big A: Yes, accompanied with good […]
President Trump Hails the “Amazing” 4.1% Q-2 Economic Growth Rate “the President’s policies are working,and not just on the top line, but in the details” Friday from the White House, US President Donald Trump hailed the “amazing” 4.1% Q-2 GDP rate, as the fastest pace since Y 2014, as proof that “we’ve accomplished an economic […]
US Housing Market Lagged in June $DIA, $SPY, $QQQ, $RUTX, $VXX US home sales fell in June, posting their 3rd straight monthly decliner as a shortage of properties on the market drove house prices to a record high. The report from the National Association of Realtors added to last week’s soft home-building data in suggesting that the […]
BREXIT: UK want US Deal As the British government prepares to finalize its withdrawal from the European Union and create new trade agreements, 64 percent of British voters and 67 percent of American voters support a strong, bilateral trade agreement between the two countries, according to a YouGov poll commissioned by Washington-based FP1 Strategies and […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX The big cap indexes are set up well. The small and mid-caps are near the old highs and testing. Earnings are set up, ready to drive market North. The Big Q: Will the EPS provide the catalyst? The Big A: Yes, accompanied with good guidance […]
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, […]
Russia Off the List of Top US Treasury Note/Bill/Bond Holders Russia is no longer listed among the Top foreign holders of US government securities, according to a report released in Washington. Russia, once among the Top 10 foreign owners of Treasuries, the country’s holdings of US bills, notes and bonds in May fell to $14.9-B, […]
Now Russian Prosecutors Want to Question US Intel Agents Russian prosecutors are pushing to question US intelligence agents and a former US Ambassador to Moscow in their investigation of an influential foe of Vladimir Putin. The general prosecutor’s office made the announcement Tuesday in the wake of President Putin’s Summit Monday with US President Donald […]
Ferrari’s (NYSE:RACE) Display Wow’d at Goodwood Festival $RACE Ferrari’s (NYSE:RACE) display at this year’s Goodwood Festival of Speed (FoS) showcased the Maranello outfit’s brand horsepower. Making their UK debut at this world-famous event were the 488 Pista, Portofino, 812 Superfast and FXX K Evo. And putting the 599XX, FXX and FXX K Evo through their track paces were The Scuderia’s GT […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX This week it is President Trump and President Putin’s Summit in Helsinki Finland, but there is a lot to move markets during this week. President Donald Trump meets Russian President Vladimir Putin in Helsinki Monday, and that is the main event this week. But earnings […]
China’s Trade Grows in June Despite Dust-up with US $ZTCOF ZTE Corp (OTCMKT:ZTCOF), China’s 2nd-largest telecommunications equipment maker to resume business. China’s trade grew by 2X digits in June despite mounting tensions with the US but the government warned it will face “rising instabilities and uncertainties.” Customs data Friday showed exports rose 11.3% over a […]
Trump-May Relationship Solid Despite BREXIT Comments Thursday, Christopher Ruddy said that President Donald Trump and British Prime Minister Theresa May had a “love fest … in terms of their 2 countries” at a state dinner in London despite the President’s interview that May’s BREXIT plan would imperil a free-trade deal with the US “I would […]
President Trump: “NATO Stronger Now Than it Was 2 Days Ago” Thursday, US President Donald Trump that the United States’ commitment to NATO “remains very strong” after a summit in Brussels at which he said allies had made unprecedented commitments to increase spending on their own defense. “NATO is much stronger now than it was […]
The US Will Soon Be the World’s #1 Crude Oil Producer $USO The EIA sees Crude Oil production climbing next year even with transportation bottlenecks in the country’s most prolific tight (shale) oil play. The Energy Information Administration (EIA) sees US Crude Oil output averaging 11.8-M BPD in Y 2019, up from its 11.76-M BPD […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market action as President Trump bears down hard on trade issues, focuses on SCOTUS pick, teeing up NATO demands and the Putin Summit. The market will tell us now if the Key moves Thursday and Friday on moderate volume will hold […]
The Trump Impact: NATO Allies are Hiking Defense Spending Sunday, US NATO Ambassador Kay Bailey Hutchison praised President Donald Trump for “making an impact,” and is the 1st in 3 administrations to get allies to hike their defense spending. In an interview Sunday, Amb. Hutchinson remarked “I’ve worked for 3 presidents, all of whom have […]
US Heat Wave Has Power Use at Very High Levels The heat wave roasting the US East Coast may have slow US stock trading and foiling July 4 road trips. But it’s the best friend of power market Bulls. Electricity demand across the eastern power market run by PJM Interconnection LLC reached 144,557 megawatts in […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market action as President Trump continues coming down hard on trade issues, and NATO next. Over the past few weeks we have a lot of pundit chatter about a market top, and stocks sold into the test during that frame. Notably, new […]
They are Having a Heat Wave in the US Midwest and East, Scorching A scorching heat wave swept the US Sunday, when temperatures and humidity levels marked well above normal. Tens of millions of Americans were under heat warnings, watches and advisories as temperatures reach above 100 degrees Fahrenheit (37 Celsius) in major cities such […]
The Trump Effect: Iran’s Leaders Struggling to Defend Economy From US Sanctions $OIL Iran is looking to ways to keep exporting Crude Oil and other measures to counter US economic sanctions. Since last month, when US President Donald Trump pulled out of the nuclear which lifted most sanctions in Y 2015, Iran’s rial has dropped […]
America’s First Lady Visits US-Mexico Border Again First Lady Melania Trump visited the US-Mexico border Thursday for the 2nd time in 2 weeks in a show of concern for migrant children as President Donald Trump attempts to crack down on unlawful border crossings. Her 1st stop was a Customs and Border Protection processing facility in […]
US Consumer Comfort on Highs $DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 retests its 50-Day Moving Average at 2717 Americans’ sentiment improved to the best mark in 2 months on brighter views of the economy and personal finances, the Consumer Comfort Index reveled Thursday. Highlights of Consumer Comfort for the Week Ended 24 June 2018 […]
US Consumer Expectations are Still Running High $DIA, $SPY, $QQQ, $RUTX, $VXX About 2/3rds of Americans see the US economy as Good to Great. Monday night President Trump’s top trade adviser Peter Navarro said the White House is not planning to restrict foreign investment as part of its trade actions against China or any other country. […]
US Housing Market:April S&P Case-Shiller 20-City Index + 6.6% US home prices rose in April from a year earlier, lifted by bidding wars in many cities where would-be buyers fought over a sparse supply of homes. The S&P CoreLogic Case-Shiller 20-City home price index +6.6% from a year earlier, led by gains in Seattle, Las Vegas and San […]
Trade Negotiations: Investors Agree, the US Will Win $DIA, $SPY, $QQQ, $RUTX, $N300, $VXX Trade disputes are good and easy to win. Chinese stocks weak American stocks stronger. That is the view from financial markets as the tariff dust-up between China and the US shows increasing signs of impacting stock prices. While broad measures of […]
Germany in Favor of Reducing Tariffs on US Car Imports $VLKAY, $BMWYY, $DDAIF German automobile executives have proposed ending the European Union’s 10 percent tax on American-made cars. US Ambassador to Germany Richard Grenell has reportedly met with chief executives from Volkswagen, BMW and Daimler, who pitched him the idea as part of a broader […]
President Trump, “The US Will Not Be ‘Migrant Camp’” Monday, facing some outrage from Democrats and some Republicans over the forced separation of migrant children and parents at the US-Mexico border, President Donald Trump dug in, again blaming Democrats and declaring he would keep the US from becoming “a migrant camp.” President Trump continued to […]
US Leads the Global Economies, EU Struggling $DIA, $SPY, $QQQ, $RUTX, $VXX NAS Comp Hits New Closing High on Strong US Economic Data The US economy is driving ahead of the rest of the world, now. May retail sales that topped forecasts Thursday, as the US racks up growth of at least 4% in the current […]
US Economy Growing at 4.8% Annual Rate The US economy is growing at a 4.8% annualized rate in Q-2, the Atlanta Federal Reserve’s GDPNow forecast model showed Thursday, following data that showed domestic retail sales grew at its strongest pace in 6 months in May. The latest estimate on gross domestic product growth was faster […]
Apple Vs FBI a Battle they Might Lose Apple said Wednesday it was strengthening encryption on its iPhones to thwart police efforts to unlock handsets without legitimate authorization, a battle it may well lose. The move by Apple, the latest in an ongoing clash with law enforcement, comes amid reports of growing use of a […]
US Standing Up for its Interest in NAFTA Trade Talks Sunday, top White House economic adviser Larry Kudlow denied negotiations on the North American Free Trade Agreement (NAFTA) have broken down,saying, however, President Donald Trump “is right” to “stand up for U.S. interests.” Mr. Kudlow said in a TV interview, “good faith negotiations are welcome.” […]
President Trump’s Border Wall is Under Construction Promises made, promises being kept. The 1st 14-mile section of President Donald Trump’s border wall along the US-Mexico border is under construction in San Diego at a cost of $147-M. Construction started Friday at Border Field State Park in San Diego. The wall will stand between 18 and […]
Is it Time to Sell Apple Inc After a decade of sizzling growth, the smartphone market has suddenly cooled. Surveys show smartphone sales last year shrank slightly for the first time since the 2007 debut of the iPhone, and preliminary data this year suggests further deceleration. Analysts say several factors have hit the smartphone market […]
US Crude Oil Output Hits Record 10.47-M BPD in March $USO, $OIL US Crude Oil production rose 215,000 BPD to 10.47-M BPD in March, the highest on record, the Energy Information Administration (EIA) said in a monthly report Thursday. Production in Texas rose by 4% to almost 4.2-M BPD, a record high based on the data […]
Stocks Run as Possible US-China Trade War Put ‘On Hold’ $DIA, $SPY, $QQQ, $RUTX The small-cap Russell 2000 (+0.7%) advanced to a new record high for the 4th session running. US stocks spiked Monday after the US and China put their trade differences “on hold” to work on a wider agreement, while sentiment was also […]
US-China Tariff ‘Threats’ Have Ended, No Trade War Looming The US trade war with China is “on hold” after the world’s 2 largest economies agreed to drop their tariff threats while they work on a wider trade agreement, US Treasury Secretary Steven Mnuchin said Sunday. Secretary Mnuchin and US President Donald Trump’s top economic adviser, […]
China Buying Major Soybean Tonnage from Russia $SOY China, the world’s biggest Soybean importer, almost 3X’s purchases from Russia during this current trade dispute with the US, the world’s biggest producer of the Oil seed. Russia sold about 850,000 tonnes of Soybeans to China in MY 2016-2017, according to Russia’s agriculture agency. That is more […]
The US Embassy move: “A powerful message America will stand by our friends” “I have long advocated that the United States take this action, and I commend President Trump for fulfilling this campaign promise,” Senator Ted Cruz (R-TX) Exactly 70 years ago on May 14th, 1948 Israel’s founding father David Ben-Gurion brought together members of […]
The Trump Effect: NKorea Begins to Dismantle Nuclear Test Sites NKorea has scheduled the dismantlement of its nuclear test site for sometime between 23-25 May depending on weather conditions, in order to uphold its pledge to discontinue nuclear tests, the country’s state media reported Saturday. The official Korean Central New Agency said dismantlement of the […]
Wall Street titan JP Morgan Chase has become the latest firm to apply for a controlling stake in a Chinese securities venture, taking advantage of new rules Beijing put in place last month as part of a move to open up the economy. JP Morgan Broking applied to establish a foreign invested securities firm with […]
Ayatollah Ali Khamenei Tweets Threaten US in the Region Iran’s supreme leader, Ayatollah Ali Khamenei, criticized US policies and Iran’s enemies in messages on his website and Twitter. “They know if they enter military conflict with Iran, they will be hit multiple times,” Ayatollah Khamenei said during a meeting with workers. In a series of […]
Moody’s Rates US Credit “Top Notch” at Aaa $DIA, $SPY, $QQQ, $VXX This week Moody’s said that it has maintained the United States’ top-notch “Aaa” credit rating, saying the country’s “exceptional” economic strength would counterbalance lower fiscal strength. The ratings agency also kept its stable outlook on the United States and said it expects Washington to resolve […]
President Trump, ‘Very Good Chance’ of a US-China Trade Deal Tuesday, US President Donald Trump said the United States would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days. China has said it will welcome a visit by US Treasury Secretary Steven […]
Americans Support National Guard at the Southern Border A majority of Americans believe President Donald Trump’s plan to send National Guard troops to the US-Mexico border will be effective in combating illegal immigration in the short term, according to a Reuters/Ipsos poll from April 15-19. Below are some Key findings from the poll, as follows: […]
US Exporting WTI Crude Oil to EU, Cramps OPEC’s Pricing Plans $USO, $OIL, $XOM, $BP US Crude Oil producers are benefiting from OPEC’s price squeeze and exporting cheaper WTI Crude Oil to Europe in record amounts. Russia alligned with the Organization of the Petroleum Exporting Countries (OPEC) last year in cutting Crude Oil output jointly […]
Sanctions Notwithstanding, Trade Flourishing with Russia Thursday, the WS-J reported that trading in the West with Russia has skyrocketed despite economic sanctions. The US and the largest nations in the EU, including France and Germany have recorded exports to, and imports from, Russia surging in Y 2017 after 3 years of decline according to the […]
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National Guard Arrives at US-Mexico Border National Guard members have started arriving at the US-Mexico border with more expected as federal government officials continue to discuss what they will do about illegal immigration. The Republican Governors of Texas, Arizona and New Mexico on Monday committed 1,600 Guard members to the border, giving US President Donald […]
The Costs of a Full Blown Trade War, Should One Happen The US and China have announced tariffs on each other’s goods recently, and have threatened to impose more. Assuming they take effect, the tariffs that China has announced so far on American goods will focus on agricultural products, automobiles, aircraft and chemicals. Although exports […]
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 Not Targeting Bezos Over WP Ownership $AMZN President Trump believes that Amazon is unfair to America’s retailers US Treasury Secretary Steven Mnuchin said Donald Trump’s attacks on Amazon.com Inc. (NASDAQ:AMZN) have nothing to do with critical coverage of the White House by the Washington Post, owned by Amazon’s CEO, Jeff Bezos. Secretary Mnuchin […]
“China Is the Problem. President Trump Is the Solution” $DIA, $SPY, $QQQ, $VXX White House economic adviser Larry Kudlow rejects the notion that the world is in a trade war, pointing out that China is the reason for escalating tensions. “China is the problem. President Trump is the solution,” Mr. Kudlow said in a TV […]
President Trump, “We Will Use Military to Protect Our Border” US President Donald Trump said he plans to deploy the Military to guard the border with Mexico and has told Mexican leaders he would abandon NAFTA without assurances of help on securing the boundary. “We are going to do some things, I’ve been talking to […]
Amazon’s (NASDAQ:AMZN) Shares Hammered $AMZN Shares of Amazon.com (NASDAQ:AMZN) fell 6% Monday wiping out another $45-B in market capitalization after US President Donald Trump again attacked the online retail giant over the pricing of its deliveries through the United States Postal Service and promised unspecified changes. “Only fools, or worse, are saying that our money […]
“Walls Work”, We are Building ‘The Border Wall’ Backing The Trump Administration’s border wall plans, Acting Deputy Commissioner of US Customs and Border Protection Ronald Vitiello pointedly struck back at criticism aimed at the border wall’s funding, necessity, and effectiveness Friday, saying his “agents and officers have decades of experience” and are “vocal about their […]
President Trump Keeps Promise, Starts Building ‘The Wall’ US President Donald Trump tweeted pictures Wednesday of the start of a wall on the US-Mexico border. The fence in California that US Border Patrol officials say should not be confused with the President’s anti drug/immigration Wall. “Great briefing this afternoon on the start of our Southern […]
US Census 2020 To Include Citizenship Question The 2020 Census will include a question about respondents’ citizenship status. Commerce Secretary Wilbur Ross made the announcement via a letter to Under Secretary for Economic Affairs Karen Dunn Kelley that was posted to the department’s website. Secretary Ross detailed the process of reviewing the pros and cons of asking […]
US-NKorean Summit Now On the Cards US President Donald Trump is ready to meet NKorean leader Kim Jung by May in response to Kim’s invitation to hold the 1st-ever US-NKorea summit, a SKorean envoy said, marking a potentially dramatic breakthrough in the North Korea nuclear standoff.Kim has committed to “denuclearization” and to suspending nuclear or […]
Secretary of Commerce, “No exemptions on tariff measures.” President Donald Trump spoke to world leaders about his planned tariff hikes on steel and aluminum and is not considering any exemptions to the measure, Commerce Secretary Wilbur Ross said Sunday. “I know he has had conversations with a number of the world leaders,” Secretary Ross said […]
The Trump Effect: US Jobs Growth Strong $DIA, $SPY, $QQQ, $VXX The number of Americans filing for unemployment benefits fell to a near 45-year low last week, pointing to strong job growth in February and solid momentum in the economy. The economy’s brightening prospects were also underscored by other data Thursday showing a gauge of […]
US Homebuilders ‘Excited About Trump’s Pro-Business Political Climate’ The outlook from US builders is being buoyed by a very strong job market and the overall health of the economy. The National Association of Home Builders/Wells Fargo builder sentiment index released Thursday remained at 72 this month. That’s still just 2 points shy of December’s reading, which was […]