$DIA, $SPY, $QQQ, $RUTX, $OIL, $USO, $VXX Wall Street closed lower, Crude Oil prices spiked after attack in Saudi Arabia The attack knocked about 5.7-M BPD out of production, leading to the biggest 1-day gainer in WTI Crude Oil ($62.88/bbl, +$8.00, +14.6%) since Y 2008. Saudi Arabia expected to restore about 33% of lost production […]
$SPY, $SPX The Fed is set to cut interest rates this week and may still not be done delivering monetary stimulus to the economy yet this year. Having already reduced their benchmark in July to 2.0%-2.25%, Chairman Powell and colleagues will pare another 25 bpts Wednesday to support the slowing economy, according to a survey […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 finishes higher as value stocks outperform Goldman Sach’s Private Wealth Management team has a simple firm message for its wealthy clients: stick with US equities. “As we have gone through various crises, we have still told clients to stay invested and not get out of US equities, it’s […]
China’s exports unexpectedly fell in August as shipments to the United States slowed sharply, pointing to further weakness in the world’s 2nd-largest economy and underlining a pressing need for more stimulus as US-China trade tension escalates. Beijing is widely expected to announce more support measures in coming weeks to avert the risk of a sharper […]
US and Chinese trade negotiators will resume talks in Washington in early October, Beijing said Thursday, after new punitive tariffs raised fears of a breakdown in the protracted negotiations. The world’s two biggest economies have been embroiled in a tense year-long trade war, which escalated further on September 1 when both sides implemented fresh levies. […]
According to The Trump Administration, America is winning the trade war with China. However, the Middle Kingdom’s economic machine may be slowing, but President Xi Jinping is unlikely to sue for peace anytime soon, at least not on terms acceptable to American interests. China’s economic system is antithetical to American democratic capitalism. Its buccaneer commercial policies flaunt the […]
US Health officials are investigating more cases of a breathing illness associated with vaping. While the cause remains unclear now, the officials said Friday that many reports involve e-Cigarette products that contain THC, the mind-altering substance in marijuana. Officials from the Centers for Disease Control and Prevention (CDC) said Friday they are looking at 215 […]
$DIA, #SPY,, $QQQ, $RUTX, $VXX Wall Street posted mixed results on Friday on month end re-balancing ahead of a holiday weekend in which a fresh round of US tariffs on Chinese imports were set for levy. The DJIA .DJI rose 37.4 pts, or 0.14%, to 26,399.65, the S&P 500 .SPX gained 1.45 pts, or 0.05%, to 2,926.03 and the […]
$XAU $GLD $GDX, $GOLD, $NEM, $USD Investor doubts about the economic outlook and especially a Dovish Fed drove a gold price run in 1-H of Y 2019, sparking burst of interest in gold investing and gold stocks. The escalating China trade dispute has provided the fuel since 1 August, and a day earlier, the Fed […]
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 […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Flat, USD Off, Crude Oil Up, Stocks Up Headlines JPY rises as traders temper optimism over US-China trade deal Asia stocks climb as trade war fears ebb Crude Oil up as US-China trade comments calm markets Gold little changed as traders seek clarity Gold: Gold prices were largely […]
$USO $OIL President Trump rejected the theory that a source of electricity, wind power is efficient, saying it does not work “all that well.” “We’re the No. 1 energy producer in the world,” President Trump said at the end of this G-7 Summit in Biarritz, France. “I’m not going to lose that wealth on dreams, […]
$BTC, $BTCUSD Online criminals hawking lethal substances like fentanyl are demanding payments in Bitcoin, Bitcoin Cash, Ethereum and Monero, according to a new White House report. The report, intended to raise awareness about the fentanyl crisis, describes cryptocurrencies as one of the “predominant funding mechanisms associated with fentanyl trafficking.” Cryptocurrencies apparently feature heavily in the 2 main […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Up, Crude Oil Off, Stocks Off Just in: Chinese Vice Premier Liu He said Monday that China is willing to resolve its trade dispute with the US through calm negotiations and resolutely opposes the escalation of the conflict. China’s Top trade negotiator, was speaking at […]
US Treasury Secretary Steven Mnuchin said Sunday all leaders gathered at the G7 Summit in France are talking about the US economy as “the bright spot in the world.” In a TV interview Sunday Secretary Mnuchin said the leaders at the G-7 meeting want to “replicate” the economic policies of President Trump and his administration. […]
The Dow Jones Industrial Average took a dive of more than 600 points on Friday, hours after US President Donald Trump ordered US companies to move their operations away from China,Trendreports citingSputnik . The Dow closed by 623.34 points, the S&P 500 by 75.84 points and NASDAQ plummeted by 239.62 points. Hours before Friday’s closing […]
The owner of the only US rare earths mine is hiring, as it looks to significantly boost production, part of a strategy to build out American refining capability after China raised tariffs on the minerals during this escalating trade dispute. By next year, MP Materials will be the 1st company to refine rare earths since […]
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 […]
Friday, just hours after China announced retaliatory tariffs on US goods on President Trump ordered US companies to “start looking for an alternative to China, including bringing your companies HOME and making your products in the USA..” The stakes are high US companies invested a total of $256-B in China between Y’s 1990 and 2017, […]
Australia’s prime minister yesterday urged nations in Asia to stand up for their ‘independence and sovereignty, with tensions high in the disputed South China Sea where Beijing is under fire for increasingly bullish behaviour. Scott Morrison’s comments came after the United States slammed China for its ‘escalation in the waterway, a key global shipping route […]
The Chinese Ministry of Commerce says that its new tariffs will be applied to more than 5,000 U.S. products in two phases. The first stage would come into effect on September 1 and the second one on December 15. China announced that it will impose additional tariffs worth 75,000 million dollars on imported products from the United […]
$DIA, $SPY, $QQQ, $RUTX, $SOY, $VXX Wall Street closed mixed following weak data, and 2 Fed commentors from Jackson Hole China bought a small volume of US soybean last week after pledging on 5 August to halt purchases of American farm products due to the escalating trade dispute, the US Department of Agriculture data showed […]
US Senator Tom Cotton, (R-Ak), revealed he had suggested to President Donald Trump months ago that the US consider buying Greenland. Senator Cotton said he even met with the Danish Ambassador to talk about a potential sale. His comments came during a luncheon in Arkansas Wednesday and were detailed in a story by Talk Business & […]
The US government yesterday announced a new rule doing away with a current limit on the time that migrant children can be held in federal custody after crossing into the United States with adults applying for asylum. The move is aimed at reducing the number of families arriving at the US-Mexico border and being released […]
Re-sales of homes in the United States beat analyst predictions last month. Information released Wednesday by the National Association of Realtors revealed sales of previously-owned homes edged up 2.5% in July, as mortgage rates offset the affordability crunch caused by high home prices at the margins. Existing home sales occurred at a 5.42 million seasonally-adjusted […]
Iran’s state TV is reporting that the country will unveil an Iran-made air-defense missile system. The Wednesday report says the Bavar-373 is a long-range surface-to-air missile system able to recognize up to 100 targets at a same time and confront them with six different weapons. It was set to be unveiled Thursday. The system could […]
The diplomatic row that has erupted between Washington and Copenhagen over Greenland is just one part of a broader strategic battle being waged over control of the Arctic, according to one expert. US President Donald Trump has cancelled a trip to Denmark and launched a war of words with his Danish counterpart, Prime Minister Mette […]
Wednesday, President Trump continued his pressure the Fed and its Chairman to lower interest rates, saying its policies were hampering US growth and reducing the country’s ability to compete economically. “Doing great with China and other Trade Deals. The only problem we have is Jay Powell and the Fed. He’s like a golfer who can’t […]
Fearing that they will be overwhelmed with visitors, officials in the remote Nevada county that is home to the Area 51 military base have drafted an emergency declaration and a plan to team resources with neighboring counties and the state ahead of events next month tied to the “Storm Area 51” internet drive. The elected […]
Japan’s politically sensitive trade surplus with the United States grew more than 15 percent in July, data showed Monday, as negotiators from the two economic powerhouses prepare to restart talks over a free trade deal. According to Japanese finance ministry statistics, the trade surplus with Washington climbed to 579.4 billion yen ($5.5 billion) last month, […]
Washington and Beijing are working actively to revive negotiations aimed at ending the trade war that has rattled world markets, Donald Trump’s chief economic advisor said Sunday. If teleconferences between both sides’ deputies pan out in the next 10 days “and we can have a substantive renewal of negotiations,” Larry Kudlow said on “Fox News […]
Sunday, President Trump said the economy is “doing very well” and dismissed concerns of recession, offering an optimistic outlook after last week’s dip in the financial markets. “I don’t think we’re having a recession,” President Trump told reporters as he returned to Washington from his New Jersey golf club. “We’re doing tremendously well. Our consumers […]
Stock markets nervously traded sideways on Thursday as investors all but gave up hope that a US-China trade war could be nearing its end. Fears over the stand-off between the world’s two biggest economies added to jitters over the state of the world economy which had inflicted heavy losses on equities on Wednesday, including the […]
The US Justice Department issued a warrant Friday for the seizure of the Iranian oil supertanker Grace 1, one day after a Gibraltar judge allowed the release of the detained vessel. The Justice Department alleged the ship was part of a scheme “to unlawfully access the US financial system to support illicit shipments to Syria […]
$XAU $GLD The gold price market technicals and fundamentals are aligned in here. The precious Yellow metal is up about 17% YTD, and that is up nearly 28% from this time last year. With prices back at $1,513 oz, some investors and market watchers are back to looking for Northside marks at $1,800 – 2,000 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX This week’s trade has been headlined by the yield-curve inversion theory, where the yield of shorter-dated debt rises above its longer-term counterpart. On Wednesday, the yield 10-yr T-Note rate briefly fell below the 2-year T-Note a condition that has sometimes been a recession indicator. The degree to which investors have crowded […]
$XAU $USD $CHY China has severely restricted imports of gold since May, industry sources with direct knowledge of the matter told Reuters. The move may be aimed at curbing outflows of USDs and bolstering its RMB Yuan currency as economic growth slows. China has cut shipments by some 300-500 tonnes compared with last year – […]
Raytheon Company (NYSE: RTN) and Rheinmetall Defence are partnering with Pratt & Miller Defense for the U.S. Army’s Optionally Manned Fighting Vehicle competition. The Detroit-based company will provide engineering analysis to help ensure the Lynx Infantry Fighting Vehicle meets or exceeds the Army’s survivability requirements for OMFV. “Pratt & Miller brings extraordinary engineering experience and expertise to the team to make […]
US consumer prices increased in July, but the signs of acceleration in inflation will likely do little to change market expectations that the Fed will cut interest rates again in September, October and December due trade tensions with China The US Labor Department Tuesday lowered the chances that the Fed would cut rates by half […]
The United States will enthusiastically support a no-deal BREXIT if that is what the British government decides to do, President Trump’s NSA John Bolton said Monday during a visit to London aimed at reassuring Britain over UK-US ties. Mr. Bolton told British Prime Minister Boris Johnson that President Trump wants to see a successful British […]
President resident Donald Trump said Saturday that Chairman Kim Jong Un told him he was ready to resume talks on NKorea’s nuclear and missile programs and would stop missile testing as soon as US-SKorea military exercises end. Trump and Kim have met twice since their first summit in Singapore last year, but little progress has […]
Countries around the world are being infested by wild boars – some carrying swine flu and some radioactive. “The wild boar problem has been progressing for decades,” Spanish scientist and Enetwild coordinator Joaquín Vicente Baños said. “It’s just that now we are seeing the consequences.” Damage from wild boars in the US is believed to be more […]
The Coalition for Jewish Values (CJV), representing over 1000 traditional rabbis in matters of public policy, today condemned the planned “Never Again Action Noise Rally” intended to disrupt operations on Monday at a federal contractor that helps process undocumented immigrants entering the United States. The event announcement refers to “Never Again” and “deportation,” a combination designed […]
Today, Werner Enterprises President and CEO Derek Leathers urged Congress to quickly ratify the United States-Mexico-Canada Agreement in order to advance the critical trading relationship between the U.S. and its North American neighbors. “Failing to pass the USMCA would have a negative impact on truck drivers along with the customers we serve across North America: manufacturers, farmers, retailers, and […]
The Law Offices of Mark Anchor Albert & Associates today filed a federal lawsuit in the United States District Court for the Central District of California against Democratic Governor Gavin Newsom and Secretary of State Alex Padilla seeking to stop SB 27, the so-called “Presidential Tax Transparency and Accountability Act,” which adds Section 6880 et seq. to the California Elections Code (the “Trump Ballot Act”), […]
The associations representing Mexican tomato growers are pleased to announce that today the three Mexican grower respondents submitted data in the renewed antidumping investigation that confirms they are not dumping in the US market. Their calculations demonstrate that the dumping margins for all three growers amount to zero based on the programs used by the […]
When the US government formally asked NATO partner Germany to join in freedom-of-navigation patrols in the Strait of Hormuz, where Iranian gunboats have seized other nations’ ships, detonated mines, and flouted international law, it did so with an inducement. Tamara Sternberg-Greller, the spokesman for the US embassy in Berlin, remarked: “Members of the German government […]
The Trump Administration will pursue a free-trade agreement with Britain as soon as possible after it leaves the EU, Secretary of State Mike Pompeo said Wednesday as the country’s new Foreign Secretary made his 1st official visit to the United States. Secretary Pompeo also thanked the government of new British Prime Minister Boris Johnson for […]
$DIA, $SPY, $QQQ, $RUTX, $VXX President Trump said Wednesday the Fed must cut rates “bigger and faster” for the United States to be competitive against other countries. “Our problem is a Federal Reserve that is too proud to admit their mistake of acting too fast and tightening too much (and that I was right!). They […]
$USD The experts, the President, the IMF all say the USD is too strong in here, but managed money say it has room to run North. So, when will the Dollar Bulls turn to Bears? Since the trade dispute between the world’s 2 largest economies came to life in March last year, USD has gained […]
The US Treasury Department declared Monday it had determined for the 1st time since Y 1994 that Beijing was manipulating its RMB Yuan. Then early Tuesday, President Trump dismissed fears of a protracted trade dispute with China, ignoring a bluster warning in the Beijing press that labeling it a currency manipulator would have severe consequences […]
FLASH: The ban on Americans doing business with Venezuela’s government took effect immediately. The Trump Administration has frozen all Venezuelan government assets in a dramatic escalation of tensions with socialist leader Nicolás Maduro, who has clung to power in the face of mounting international pressure. An executive order signed by President Donald Trump Monday justified […]
The United States Army recently awarded the Lockheed Martin (NYSE: LMT). LMT now has three contracts to produce additional Q-53 systems and outfit the radar with enhanced capabilities. This includes extended range and counters unmanned aerial system (CUAS) surveillance. The flexible architecture of the Army’s most modern radar allows for these upgrades. Which support adaptable growth of […]
FLASH: Chinese side confirmed their commitment to increase purchases of United States agricultural exports. The US and Chinese negotiators wrapped up a round of trade talks on Wednesday with visible signs of progress and scheduled their next meeting in September in Washington, DC. Both sides issued brief statements after the 1st face-to-face meetings since President […]
EmployBridge is America’s largest industrial staffing firm. Today they released the results of its annual employee opinion survey, which gauges preferences and expectations among U.S. hourly workers. Soliciting 18,505 responses from workers representing the manufacturing and logistics industries across 45 states. “Voice of the Blue-Collar Worker” is believed to be the largest survey ever conducted […]
United States: The breakdown of votes in the US Electoral College after reapportionment based on the 2010 census. The United States Electoral College is an example of a system in which an Executive President is indirectly elected, with electors representing the 50 states and the Federal District of Columbia Each state has a number of electors equal to its Congressional representation in […]
FLASH: The further decline of the failed socialist EU experiment now will be hastened. The US Ambassador to the Court of St. James, Woody Johnson, predicts that President Trump and new British Prime Minister Boris Johnson will enjoy a great relationship. The Ambassador made his comments during an TV interview Friday. “The new relationship between your […]
$GOLD, $NEM, $XAU, $GDX, $NUGT, $GLD, $USD FLASH: Gold prices are up, Bullion and Miners are in favor, here is why. Gold prices hit their highest marks since Y 2013 this past week, an indication that investors increasingly view the precious Yellow metal as a good alternative to paper money and government bonds at a […]
$GOLD, $NEM, $XAU, $GDX, $NUGT, $GLD, $USD FLASH: Gold prices have reversed to the Northside in the last several weeks. The SPDR Gold Shares ETF (GLD) gained 8.0% in June, higher than the gainers of 6.4% and 7.1%, respectively, in the S&P 500 and the DJIA. The VanEck Vectors Gold Miners ETF (GDX) amplified the […]
Thursday, US Senate Majority Leader McConnell (R-KY) said that Congress will raise the nation’s debt ceiling, as the United States will never be allowed to default on its debts, adding that reaching a deal between President Trump and House Speaker Nancy Pelosi (D-CA) would be the best option to prevent chaos and the potential of […]
FLASH: President Trump said again that he could impose additional tariffs on Chinese imports if he wants, after promising to hold off on more duties in a trade dispute truce he reached with China’s Xi last month. “We have a long way to go as far as tariffs where China is concerned, if we want. […]
FLASH: President Trump, “The Economy Would Be ‘Rocket Ship’ If Fed Cut Rates” US job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Fed to cut interest rates this month. The Labor Department’s closely watched employment report on […]
FLASH: Right Now You Have To Be ‘High’ To Invest in Marajuana Stocks Now, with the 1st round of Democratic Party debates complete, we are seen the Dem Presidential hopefuls discuss everything from gun control, to immigration, to economic policy. But 1 topic that has been absent is US marijuana legalization, and for marijuana stock […]
$SPY, $BLK In a report, the majority of BlackRock Inc.’s (NYSE:BLK) Top decision-makers had a simple conclusion after gathering in London last week: A supportive backdrop for risk assets probably has “room to run” for at least 12 more months. Senior leadership at the world’s largest asset manager cited easy monetary policies and few signs […]
Huawei is the world’s fastest growing phone brand and it’s expected revenue has been shot down a bit by the US. A series of restrictions, tariffs and bans has not played well for this Chinese brand as a $30 Billion revenue was calculated to be lost through the trade war. The US put Huawei on […]
$BTC, $BTCUSD, $CME, $CBoE, $FB Crypto’s continue to break Wall Street norms… Monday, Binance, which pre-announced a soon-to-come $81-M or so Bitcoin transaction via Twitter. The world’s biggest crypto-trading platform told followers there’s “no need to FUD,” referring to the popular acronym crypto bulls use to describe unwarranted fear, uncertainty and doubt. The announcement was […]
FLASH: “The choice before Iran is clear. Do you want to be a normal state with a constructive role in the international community or do you want to be a rogue state?” the Crown Prince Saudi Arabia’s Crown Prince Mohammed bin Salman said in remarks published Sunday that the Kingdom is not seeking war in […]
Iran is “getting desperate” after the United States lifted sanctions waivers on 5 countries in early May, and the attacks on 2 Japanese-owned Crude Oil tankers is the “most provocative” to date, and Iranian leaders are lying when they say their nation was not involved, Representative Michael McCaul (R-TX) said Friday. “This is clearly an […]
Vice President Mike Pence called The Trump Administration’s decision to prohibit US embassies from flying the “rainbow pride” flag on their flagpoles during LGBTQ Pride Month “the right decision” in a TV interview. When asked about arguments that the policy contradicts The Trump Administration’s claim to be a leader in promoting LGBTQ rights worldwide, especially […]
Late Monday, President Trump said he does expect Chinese President Xi to be at the G-20 Summit in Japan this month and the 2 world leaders are scheduled to talk at the gathering of leaders from the Top industrialized and emerging economies. Since the trade talks last month in Washington ended in a stalemate, President […]
The number of Americans filing applications for unemployment benefits was flat to unchanged last week, suggesting the labor market remains on solid footing despite slowing economic activity. Initial claims for state unemployment benefits were flat to unchanged at a seasonally adjusted 218,000 for the week ended 1 June, the Labor Department said Thursday. Data for the prior […]
FLASH: New orders for US made goods fell in April and shipments dropped by the most in 2 years, indicating continued weakness in manufacturing activity that could undercut the broader economy. Factory goods orders declined 0.8%, pulled down by soft demand for transportation equipment, computers and electronic orders, and primary metals, the Commerce Department said Tuesday. […]
FLASH: China issues report blaming US for trade dispute, asserts desire for further talks. China’s struggling to save face. The latest US tariffs on Chinese imports will not resolve the 2 countries’ trade issues, and the United States bears responsibility for setbacks in the talks process, a policy paper published by the Chinese government said […]
FLASH: President Trump Hits Mexico With 5% Tariffs Over Record Illegal Immigrants at US Southern Border President Trump on Thursday evening announced that a 5% tariff will be imposed on all Mexican imports beginning June 10th and will gradually increase until the illegal immigration stops. A record number of illegal aliens are flooding over the […]
The US Defense Department is seeking new federal funds to bolster domestic production of rare earth minerals and reduce dependence on China, the Pentagon said Wednesday, amid mounting concern in Washington about Beijing’s role as a supplier. The DOD’s request was outlined in a report that sent to the White House and briefed to Congress, […]
The US Treasury has just added Sing., Malaysia and Vietnam to a watch-list for currency (money) manipulation, putting their Fx (foreign-exchange) policies under scrutiny. Sing. (Singapore) made the list because of its large current account surplus and net foreign currency purchases of at least $17-B in Y 2018, equivalent to 4.6% of GDP, according to […]
US home prices rose at the slowest pace in 6.5 yrs in March, a sign weaker sales are keeping a lid on price increases. The S&P CoreLogic Case-Shiller 20-city home price index rose 2.7% from a year earlier, down from an annual gainer of 3% in February. Price gains in formerly Red-hot cities such as Seattle […]
$FCAU, $RNLSY Fiat Chrysler (NYSE:FCAU) crafted and presented a balanced merger of equals to Renault (NASDAQ:RNLSY) Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s 3rd-biggest automaker. If it goes ahead, the $37-B tie-up would alter the landscape for rivals including General Motors (NYSE:GM) and Peugeot maker PSA Group […]
Many investors fear that the US-China trade dispute will inflict long-lasting damage on the US, but economist Gary Shilling, PhD disagrees. “People say nobody wins trade wars. Yeah, in the short-run you do not, but in the long-run…the US will be better off,” Dr. Shilling asserted in an interview with Business Insider published early this […]
Luke Zocchi, the personal trainer to Thor (Chris Hemsworth), has put the basics to Chris’s workout routine in a short YouTube video. Chris Hemsworth’s Workout Explained By His Personal Trainer | Train Like a Celebrity | Men’s Health Gyms around the world that offer this type of program for busy people: Bangkok MaxFit Performance America […]
Even savvy travelers make mistakes at airport security. The process is daunting and demanding. Below are several mistakes to avoid making so your experience is not as challenging, as follows: Having Your Electronics Scattered While most destinations in the United States only require you to take out your laptop and/or tablet, not every country is […]
FLASH: AccuWeather estimates that about 44_ people live in the risk zone for severe thunderstorms Sunday and into the week. An active Pacific Ocean storm train will set the severe weather outbreak into motion. At the same time, warmth and moisture are forecast to build over the Plains and Mississippi Valley. A strong jet stream will stir the pot […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: This economic expansion is set to become longest in US history, according to the latest leading-indicators data. The Conference Board Leading Economic Index (LEI) for the US increased 0.2% in April to 112.1, following a 0.3% increase in March, and a 0.2% increase in February. “The US LEI rose […]
FLASH: President Trump is bringing the Fed into the US-China trade war. Tuesday, President Trump called on the Fed to “match” what he said China will do to offset economic hardship being caused by tariffs. “China will be pumping money into their system and reducing interest rates, as always, in order to make up for […]
President Trump has shaken the world trade order by imposing unilateral tariffs to combat what he calls unfair trade practices by the EU, Canada, Mexico, China and other major trading partners of the US. US GLOBAL TARIFFS – 25% tariffs on imported steel and 10% tariffs on imported aluminum, imposed on 23 March 2018 on […]
FLASH: US and China at impasse over trade, Larry Kudlow says new tariffs will remain. The United States and China appeared at a deadlock over trade negotiations Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests. The trade dispute […]
$ICE, $NADQ Friday, US regulators approved a new stock exchange that is the brainchild of a Silicon Valley entrepreneur, a move that will give high-growth technology companies more options to list their shares outside of the traditional New York exchanges. The US Securities and Exchange Commission (SEC) Friday approved the creation of the Long-Term Stock […]
President Trump railed Monday against calls from an ugly/mean-spirited Representative Al Green (D-TX) for his impeachment, saying that Democrats cannot win the election fairly and that a President cannot be impeached for creating “the best economy in our country’s history.” “’Democrat Texas Congressman Al Green says impeachment is the only thing that can prevent President […]
Saturday, President Donald brushed off noise of a possible weapons test by NKorea, vowing that leader Kim Jong Un “will do nothing to interfere” and that a denuclearization deal with the US “will happen.” The Tweet, posted while President Trump was in route to the Trump National Golf Club in Virginia, was the President’s 1st […]
$GS, $BLK, $BX, $BABA China’s plan to open its $44-T financial sector to the world is drawing a positive reception from Top executives attending the Milken Institute Global Conference this week. The opening to foreign ownership of financial firms should be quickly beneficial to large US players, such as Goldman Sachs Group Inc., Blackstone Group […]
FLASH: The Trump Policies are working US consumer confidence was up in April as Americans felt more optimistic about present and future economic conditions, underscoring how a tight labor market and higher wages are underpinning attitudes amid some uncertainty. The Conference Board’s index climbed to 129.2, according to data from the New York-based group Tuesday that topped […]
FLASH: White House economic adviser Kevin Hassett said the “blockbuster” 3.2% economic growth in Q-1 is “absolutely” sustainable. The Trump Administration has already been forecasting 3.2% economic growth for Y 2019. “Maybe we would revise it up,” he said in a TV interview.. “The number was 3/10ths lower because of the government shutdown and … […]
Hundreds of invading immigrants hoping to reach the United States boarded La Bestia, a freight train in southern Mexico late Thursday, frustrated by efforts to slow their progress by the Mexican government, which is under pressure from President Trump. The risky move to board the train, known as “La Bestia” aka The Beast, followed a […]
Larry Kudlow, the Top White House economic adviser said Tuesday the United States and China were making progress in trade negotiations and he is “cautiously optimistic” about the prospects for striking a deal. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for trade talks beginning 30 April, the White House […]
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 […]
President Trump said relations with Chairman Kim remain “very good” and he opened the door Saturday for a 3rd Summit, hours after the NKorean leader said he’s willing to meet as long as the US offers acceptable terms for a deal by year end. “I agree with Kim Jong Un of North Korea that our […]
FLASH: Treasury Secretary Steven Mnuchin said Wednesday that US-China trade talks continue to make progress and the 2 sides have settled on a mechanism to police any agreement, including new enforcement offices. Secretary Mnuchin, speaking on television, said that a call with Chinese Vice Premier Liu He Tuesday night was productive and discussions would be […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Semiconductor stocks outperformed following some positive industry indications, Chip Index at record highs US- China trade talks resumed in Washington and the Financial Times reported a final trade deal is nearly done, enforcement a working issue Positive non-manufacturing PMI data out of China and Europe US stocks finished higher Wednesday, […]
US home prices rose 4% in February compared with the same month a year ago, according to data from CoreLogic released Tuesday in the research firm’s Home Price Insights monthly report. The data include sales of distressed properties. Home prices rose 0.7% M-M in February. On a Y-Y basis, the index has increased every month […]
FLASH: President Trump said Friday he will close the US border with Mexico next week if Mexico “does not immediately stop all illegal immigration coming into the United States” from the region. He announced his intentions in a series of Tweets, as follows: The DEMOCRATS have given us the weakest immigration laws anywhere in the World. Mexico […]
