Month: February 2019

A heated battle between the US and China played out at the world’s biggest mobile event

The Mobile World Congress trade show in Barcelona is an annual opportunity for tech companies to showcase their latest devices and compete for the attention of more than 100,000 gadget-lovers. But this year a drama played out on stage and behind the scenes that had little to do with gadgets: a battle between American officials and Chinese tech giant Huawei. The U.S. sent a delegation to MWC to protest the telecommunication firm’s involvement in providing infrastructure for 5G, a fifth-generation

The Mobile World Congress trade show in Barcelona is an annual opportunity for tech companies to showcase their latest devices and compete for the attention of more than 100,000 gadget-lovers. But this year a drama played out on stage and behind the scenes that had little to do with gadgets: a battle between American officials and Chinese tech giant Huawei. The U.S. sent a delegation to MWC to protest the telecommunication firm’s involvement in providing infrastructure for 5G, a fifth-generation
A heated battle between the US and China played out at the world’s biggest mobile event Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: elizabeth schulze
Keywords: news, cnbc, companies, heated, wireless, played, tech, chinese, companies, american, world, violating, worlds, mobile, biggest, china, barcelona, trade, event, battle, huawei

A heated battle between the US and China played out at the world's biggest mobile event

The Mobile World Congress trade show in Barcelona is an annual opportunity for tech companies to showcase their latest devices and compete for the attention of more than 100,000 gadget-lovers.

But this year a drama played out on stage and behind the scenes that had little to do with gadgets: a battle between American officials and Chinese tech giant Huawei.

The U.S. sent a delegation to MWC to protest the telecommunication firm’s involvement in providing infrastructure for 5G, a fifth-generation wireless network that heralds faster speeds and response times for consumers and businesses. U.S. intelligence agencies fear Huawei’s networking equipment could enable Chinese spying, claims Huawei has repeatedly denied. The U.S. has also accused Huawei of violating American sanctions on Iran and stealing trade secrets, which it also denies.

“The United States is asking other governments and the private sector to consider the threat posed by Huawei and other Chinese information technology companies,” Robert Strayer, ambassador for cyber and international communications at the U.S. State Department, told reporters Tuesday in Barcelona.

Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: elizabeth schulze
Keywords: news, cnbc, companies, heated, wireless, played, tech, chinese, companies, american, world, violating, worlds, mobile, biggest, china, barcelona, trade, event, battle, huawei

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MSCI to quadruple weighting of China A-shares in its global benchmarks

Global index provider MSCI will quadruple the weighting of Chinese mainland shares in its global benchmarks later this year, it said on Thursday, potentially drawing more than $80 billion of fresh foreign inflows to the world’s second-biggest economy. MSCI also announced that it will add Chinese mid-cap stocks to its emerging market benchmark in November, boosting the number of Chinese constituents. On completion of this three-step implementation, the weighting of Chinese stocks in the MSCI Emer

Global index provider MSCI will quadruple the weighting of Chinese mainland shares in its global benchmarks later this year, it said on Thursday, potentially drawing more than $80 billion of fresh foreign inflows to the world’s second-biggest economy. MSCI also announced that it will add Chinese mid-cap stocks to its emerging market benchmark in November, boosting the number of Chinese constituents. On completion of this three-step implementation, the weighting of Chinese stocks in the MSCI Emer
MSCI to quadruple weighting of China A-shares in its global benchmarks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, weighting, index, market, chinese, shares, etf, ashares, stocks, midcap, inclusion, china, global, quadruple, benchmarks, msci

MSCI to quadruple weighting of China A-shares in its global benchmarks

Global index provider MSCI will quadruple the weighting of Chinese mainland shares in its global benchmarks later this year, it said on Thursday, potentially drawing more than $80 billion of fresh foreign inflows to the world’s second-biggest economy.

MSCI also announced that it will add Chinese mid-cap stocks to its emerging market benchmark in November, boosting the number of Chinese constituents.

In a statement on its website, MSCI said it will increase the inclusion factor of Chinese large-cap stocks to 20 percent from the current 5 percent in three steps, in May, August and November this year.

On completion of this three-step implementation, the weighting of Chinese stocks in the MSCI Emerging Market Index will jump to 3.3 percent, from roughly 0.7 percent currently.

The announcement could add fuel to a stock market that has jumped over 20 percent this year, partly on hopes that Beijing and Washington will soon reach a deal to resolve their trade dispute.

Rival index publisher FTSE Russell and S&P Dow Jones Indices will both start adding yuan-denominated Chinese shares to their global benchmarks this year as Beijing steps up efforts to integrate China’s capital markets into the global financial system.

Fang Xinghai, deputy head of China’s securities regulator, predicted foreign capital inflows to Chinese stocks this year will double to about 600 billion yuan ($89.76 billion).

MSCI said it will add Chinese A Mid-Cap shares, including eligible ChiNext shares, with a 20 percent inclusion factor, to the MSCI indexes in November.

After implementation, the MSCI Emerging Markets Index will include 253 large-cap and 168 mid-cap China A-shares, representing a weight of 3.3 percent in the pro-forma index.

Brendan Ahern, chief investment officer at Krane Funds Advisors in New York, which manages the KraneShares Bosera MSCI China A ETF, said: “I am almost crying. We have built the (ETF) in anticipation of this event. We anticipated that this inclusion would take place and built an ETF vehicle that investors could proactively take advantage of.”

KBA is up 24.6 percent so far this year.

Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, weighting, index, market, chinese, shares, etf, ashares, stocks, midcap, inclusion, china, global, quadruple, benchmarks, msci

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Trump says North Korea can be a ‘great’ economic power, but experts say it’s uninvestable

With U.S. President Donald Trump declaring repeatedly that North Korea can become “one of the great economic powers” in the world, risk consultancy Verisk Maplecroft tested that claim and found that the rogue state ranks as the least investable country in the world. Other experts have also stressed that even if sanctions on Pyongyang were to be removed some day, risks for investors remain very high, as it is extremely unlikely that North Korea will overhaul itself politically and economically. E

With U.S. President Donald Trump declaring repeatedly that North Korea can become “one of the great economic powers” in the world, risk consultancy Verisk Maplecroft tested that claim and found that the rogue state ranks as the least investable country in the world. Other experts have also stressed that even if sanctions on Pyongyang were to be removed some day, risks for investors remain very high, as it is extremely unlikely that North Korea will overhaul itself politically and economically. E
Trump says North Korea can be a ‘great’ economic power, but experts say it’s uninvestable Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: weizhen tan, saul loeb, afp, getty images, -anwita basu, the economist intelligence unit
Keywords: news, cnbc, companies, north, experts, korea, trump, state, think, kim, uninvestable, talks, great, summit, power, say, verisk, economic

Trump says North Korea can be a 'great' economic power, but experts say it's uninvestable

With U.S. President Donald Trump declaring repeatedly that North Korea can become “one of the great economic powers” in the world, risk consultancy Verisk Maplecroft tested that claim and found that the rogue state ranks as the least investable country in the world.

Despite the president’s claims, “Kim Jong-un’s authoritarian regime has been classified as the world’s most perilous investment destination for business,” Verisk Maplecroft said in a report published before the talks began.

Other experts have also stressed that even if sanctions on Pyongyang were to be removed some day, risks for investors remain very high, as it is extremely unlikely that North Korea will overhaul itself politically and economically.

Ahead of the failed summit with North Korean leader Kim Jong Un, which ended on Thursday without a deal, Trump had dangled the prospect of a stronger economy for the impoverished state — tweeting repeatedly on the topic. Experts say that was part of a negotiating tactic.

Even after talks ended abruptly, the president continued to tout the possibility of the reclusive country becoming “an absolute economic power.”

“I think he’s got a chance to have one of the most successful countries — rapidly too — on Earth,” Trump said of Kim, at a press conference on Thursday at the end of the summit. “There is tremendous potential in North Korea, and I think he’s going to lead it to a very important thing, economically. I think it’s going to be an absolute economic power.”

Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: weizhen tan, saul loeb, afp, getty images, -anwita basu, the economist intelligence unit
Keywords: news, cnbc, companies, north, experts, korea, trump, state, think, kim, uninvestable, talks, great, summit, power, say, verisk, economic

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HR experts share the skills they say employees will most need in the future

As the future of work changes, it’s more important than ever for employees to make sure they have the skills required to keep up. That was the message this week from People Matters TechHR 2019, Asia’s largest human resources conference. The remarks out of that Singapore event form part of a growing discourse around the impact technology and automation will have on the jobs landscape. It’s estimated that by 2030, 75 million to 375 million workers (3 to 14 percent of the global workforce) will nee

As the future of work changes, it’s more important than ever for employees to make sure they have the skills required to keep up. That was the message this week from People Matters TechHR 2019, Asia’s largest human resources conference. The remarks out of that Singapore event form part of a growing discourse around the impact technology and automation will have on the jobs landscape. It’s estimated that by 2030, 75 million to 375 million workers (3 to 14 percent of the global workforce) will nee
HR experts share the skills they say employees will most need in the future Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: karen gilchrist, getty images, caiaimage sam edwards, caiaimage, -nora abd manaf, group chief human capital officer at maybank, -morne swart, vice president, global product, transformation
Keywords: news, cnbc, companies, experts, technology, need, hr, young, future, employees, million, jobs, important, workforce, workers, share, skills, say

HR experts share the skills they say employees will most need in the future

As the future of work changes, it’s more important than ever for employees to make sure they have the skills required to keep up. That was the message this week from People Matters TechHR 2019, Asia’s largest human resources conference.

The remarks out of that Singapore event form part of a growing discourse around the impact technology and automation will have on the jobs landscape. It’s estimated that by 2030, 75 million to 375 million workers (3 to 14 percent of the global workforce) will need to switch occupational categories, according to one McKinsey report.

While research from LinkedIn suggests that young people are more optimistic than any other generation about the shifting trends — after all, many of those jobs are expected to be replaced by new ones — the need to acquire new skills to keep apace with that change is undeniable.

CNBC Make It spoke to careers experts on the ground at the conference (as well as those responsible for the technology reshaping employment methods) to find out what they believe will be most important skills for the future.

Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: karen gilchrist, getty images, caiaimage sam edwards, caiaimage, -nora abd manaf, group chief human capital officer at maybank, -morne swart, vice president, global product, transformation
Keywords: news, cnbc, companies, experts, technology, need, hr, young, future, employees, million, jobs, important, workforce, workers, share, skills, say

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Here’s the calls of the day we’re watching

“Our downgrade is based on the following: (1) The helium supply shortage is now expected to persist throughout 2019, which is a step change from management’s earlier commentary that the situation was likely to improve with the opening of new refining facilities… PRTY is currently at 60-70% helium allocation vs. ~80-85% normally and expects the shortfall to continue at these levels in 2019. (2) We see risk to PRTY’s backhalf-weighted ~1% comp guidance for 2019 that will likely weigh on the stoc

“Our downgrade is based on the following: (1) The helium supply shortage is now expected to persist throughout 2019, which is a step change from management’s earlier commentary that the situation was likely to improve with the opening of new refining facilities… PRTY is currently at 60-70% helium allocation vs. ~80-85% normally and expects the shortfall to continue at these levels in 2019. (2) We see risk to PRTY’s backhalf-weighted ~1% comp guidance for 2019 that will likely weigh on the stoc
Here’s the calls of the day we’re watching Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: michael bloom, al seib, los angeles times, getty images
Keywords: news, cnbc, companies, watching, heres, expects, 2018, shortage, 2019, calls, comp, prty, helium, day, growth, underlying, expected

Here's the calls of the day we're watching

“Our downgrade is based on the following: (1) The helium supply shortage is now expected to persist throughout 2019, which is a step change from management’s earlier commentary that the situation was likely to improve with the opening of new refining facilities… PRTY is currently at 60-70% helium allocation vs. ~80-85% normally and expects the shortfall to continue at these levels in 2019. (2) We see risk to PRTY’s backhalf-weighted ~1% comp guidance for 2019 that will likely weigh on the stock until disproved… Peeling back the onion, PRTY laps ~70 bps of net headwinds in 2018 (helium shortage and supply chain disruptions in China, offset by the tailwinds from the lapping of hurricanes and search-engine related glitch in 2017), while management expects 50-100 bps drag from continued helium shortage in 2019. This suggests the underlying core comp is expected to be ~1% in FY19… Although we believe the IP pipeline in 2019 is strong, we remain skeptical about the magnitude of expected acceleration as PRTY only posted a flattish underlying comp despite a flush consumer environment in 2018… We are modeling FY19 comp at 0.6%. (3) PRTY ended the year with 25% inventory growth YoY against a sales growth of 2.4%, about half of which was the result of sales underperformance in 2018, which we believe poses meaningful markdown risks as management expects inventory to be a source of cash to paydown debt in 2019… Lastly, the CFO is leaving and it’s unclear what will drive growth for the retail concept given prior efforts and considering we just passed through one of the most buoyant consumer environments in 2018…”

Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: michael bloom, al seib, los angeles times, getty images
Keywords: news, cnbc, companies, watching, heres, expects, 2018, shortage, 2019, calls, comp, prty, helium, day, growth, underlying, expected

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Mainland Chinese stocks are gaining influence on global indexes. That may drive money into China

Global index provider MSCI’s announcement that it will quadruple the weighting of large-cap Chinese shares in its benchmark indexes is likely to drive more money into the still highly regulated mainland market, investors and analysts said. In a widely expected move, MSCI said Thursday that it will increase the weighting of China A-shares — yuan-denominated stocks traded on the mainland — from 5 percent to 20 percent in three steps to November of this year. Investors and analysts welcomed the new

Global index provider MSCI’s announcement that it will quadruple the weighting of large-cap Chinese shares in its benchmark indexes is likely to drive more money into the still highly regulated mainland market, investors and analysts said. In a widely expected move, MSCI said Thursday that it will increase the weighting of China A-shares — yuan-denominated stocks traded on the mainland — from 5 percent to 20 percent in three steps to November of this year. Investors and analysts welcomed the new
Mainland Chinese stocks are gaining influence on global indexes. That may drive money into China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: kelly olsen, china tourism press, the image bank, getty images
Keywords: news, cnbc, companies, weighting, influence, chinese, note, markets, shares, mainland, money, stocks, gaining, indexes, china, opening, global, drive, market, msci

Mainland Chinese stocks are gaining influence on global indexes. That may drive money into China

Global index provider MSCI’s announcement that it will quadruple the weighting of large-cap Chinese shares in its benchmark indexes is likely to drive more money into the still highly regulated mainland market, investors and analysts said.

In a widely expected move, MSCI said Thursday that it will increase the weighting of China A-shares — yuan-denominated stocks traded on the mainland — from 5 percent to 20 percent in three steps to November of this year.

Chinese shares, which slumped sharply in 2018, have been on a tear this year, rising 14 percent in February alone on factors including optimism over progress in ending the U.S.-China trade war and expectations for the expanded MSCI inclusion.

Investors and analysts welcomed the news as a significant step in the broader opening of Chinese markets to international funds. They still remain subject to tight capital controls.

“Overall, the final inclusion plan continues to look as aggressive as its proposal, marking another milestone in China’s capital market opening up,” Citi China equity strategist Jerry Peng said in a note dated Thursday, adding that the U.S. bank expects “strong foreign inflows to China’s onshore market.”

Chinese A-shares were included in the MSCI Emerging Markets Index for the first time last year. Investors can access them through an arrangement between the Hong Kong and mainland Chinese markets.

Gao Ting, head of China strategy at UBS Securities, said in a note Friday that the MSCI changes would likely spur $67 billion in inflows to the A-share market this year alone.

Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: kelly olsen, china tourism press, the image bank, getty images
Keywords: news, cnbc, companies, weighting, influence, chinese, note, markets, shares, mainland, money, stocks, gaining, indexes, china, opening, global, drive, market, msci

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What’s next for Venezuela? Anti-Maduro allies regroup after the fight for humanitarian aid

Venezuela’s opposition has formally urged the international community to keep all options on the table, after deadly clashes broke out in border towns over the weekend. It comes at a time when the South American nation is in the midst of the Western Hemisphere’s worst humanitarian crisis in recent memory. President Donald Trump has consistently refused to rule out the prospect of military intervention in Venezuela and the country’s opposition leader, Juan Guaido, has called on the international

Venezuela’s opposition has formally urged the international community to keep all options on the table, after deadly clashes broke out in border towns over the weekend. It comes at a time when the South American nation is in the midst of the Western Hemisphere’s worst humanitarian crisis in recent memory. President Donald Trump has consistently refused to rule out the prospect of military intervention in Venezuela and the country’s opposition leader, Juan Guaido, has called on the international
What’s next for Venezuela? Anti-Maduro allies regroup after the fight for humanitarian aid Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: sam meredith, luis robayo, afp, getty images, schneyder mendoza
Keywords: news, cnbc, companies, humanitarian, regroup, fight, intervention, deadly, antimaduro, allies, clashes, action, venezuela, options, prospect, community, aid, international, opposition, whats, military

What's next for Venezuela? Anti-Maduro allies regroup after the fight for humanitarian aid

Venezuela’s opposition has formally urged the international community to keep all options on the table, after deadly clashes broke out in border towns over the weekend.

On Saturday, at least three people were killed and hundreds more were left injured, Reuters reported, as opposition activists tried to defy a government ban to bring food supplies, hygiene kits and nutritional supplements into the country.

It comes at a time when the South American nation is in the midst of the Western Hemisphere’s worst humanitarian crisis in recent memory.

President Donald Trump has consistently refused to rule out the prospect of military intervention in Venezuela and the country’s opposition leader, Juan Guaido, has called on the international community to “keep all options open.”

U.S. Secretary of State Mike Pompeo tweeted over the weekend that Washington would “take action against those who oppose the peaceful restoration of democracy in Venezuela.”

To be sure, the prospect of U.S.-led military intervention is clearly being signaled as a form of “action.”

“I think large-scale U.S. military intervention remains unlikely, though the chances are increasing — that’s worrying,” Tom Long, assistant professor in the department of politics and international studies at the University of Warwick, told CNBC via email.

“More than the deadly clashes, what I worry could push towards military action is the lack of options remaining for the opposition and its international allies to increase pressure,” he added.

Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: sam meredith, luis robayo, afp, getty images, schneyder mendoza
Keywords: news, cnbc, companies, humanitarian, regroup, fight, intervention, deadly, antimaduro, allies, clashes, action, venezuela, options, prospect, community, aid, international, opposition, whats, military

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India and Pakistan still need to resolve two important issues, former US ambassador says

Since then, India and Pakistan have fought multiple wars over the region — both countries claim the region in full but control only parts of it. Many have raised concerns over violence and human rights abuses in both India-controlled Jammu and Kashmir, as well as in Pakistan-controlled Azad Kashmir and Gilgit-Baltistan region. India has long accused Pakistan of supporting those groups. “Until the Pakistanis are credible in cracking down on these groups, they’re going to have a problem. Because i

Since then, India and Pakistan have fought multiple wars over the region — both countries claim the region in full but control only parts of it. Many have raised concerns over violence and human rights abuses in both India-controlled Jammu and Kashmir, as well as in Pakistan-controlled Azad Kashmir and Gilgit-Baltistan region. India has long accused Pakistan of supporting those groups. “Until the Pakistanis are credible in cracking down on these groups, they’re going to have a problem. Because i
India and Pakistan still need to resolve two important issues, former US ambassador says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: saheli roy choudhury, nitin kanotra, hindustan times, getty images, yawar nazir, muhhamad reza, anadolu agency, -cameron munter, former us ambassador to pakistan
Keywords: news, cnbc, companies, issues, need, terrorist, india, region, groups, indian, important, pakistan, problem, saran, violence, kashmir, populace, resolve, ambassador

India and Pakistan still need to resolve two important issues, former US ambassador says

Jammu and Kashmir was a former princely state where a large number of people were killed and others were driven away by the violence during the partition. Since then, India and Pakistan have fought multiple wars over the region — both countries claim the region in full but control only parts of it. Many have raised concerns over violence and human rights abuses in both India-controlled Jammu and Kashmir, as well as in Pakistan-controlled Azad Kashmir and Gilgit-Baltistan region.

Speaking about India-controlled Kashmir, Munter said: “You have a mainly Muslim population and you have many hundreds of thousands of Indian troops keeping order. That’s really not a sustainable or good situation.”

“It’s not something that Indians want other people to interfere with but until that gets solved, there’s going to be a problem in Kashmir,” he added.

In a recent op-ed piece with Indian newspaper Business Standard, former Indian foreign secretary Shyam Saran said that after the Feb. 14 terror attack, India must examine why so many locals get recruited by terrorist groups operating in the area.

“There have been allegations of intelligence failure but the ability to stop terrorist incidents and apprehending terrorists is most effective if the local populace is ready to provide intelligence that is relatively specific,” Saran wrote. “This is possible only if there is a high level of trust and confidence between the populace and the security forces.”

Pakistan’s problem, according to Munter, is that no one believes they’ve cracked down on the groups like the Lashkar-e-Taiba — which carried out one of the worst terrorist attacks in India’s history — or the Jaish-e-Mohammed, which operate in that region. India has long accused Pakistan of supporting those groups.

“Until the Pakistanis are credible in cracking down on these groups, they’re going to have a problem. Because it’s not every day that America and Iran, for example, stand shoulder-to-shoulder, criticizing the Pakistanis for not cracking down on terrorist groups,” the former envoy said.

Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: saheli roy choudhury, nitin kanotra, hindustan times, getty images, yawar nazir, muhhamad reza, anadolu agency, -cameron munter, former us ambassador to pakistan
Keywords: news, cnbc, companies, issues, need, terrorist, india, region, groups, indian, important, pakistan, problem, saran, violence, kashmir, populace, resolve, ambassador

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Dow futures rise more than 150 points as Wall Street’s roaring start to 2019 continues

ET, Dow Jones Industrial Average futures indicated a gain of more than 170 points at the open. Futures on the S&P 500 and Nasdaq 100 were also up sharply. The Dow and S&P 500 were both up more than 11 percent through Thursday’s close while the Nasdaq Composite is up 13.5 percent. That report came after White House economic advisor Larry Kudlow told CNBC the two countries are making “fantastic” progress in their negotiations. The S&P 500 was down for the week through Thursday’s close as the index

ET, Dow Jones Industrial Average futures indicated a gain of more than 170 points at the open. Futures on the S&P 500 and Nasdaq 100 were also up sharply. The Dow and S&P 500 were both up more than 11 percent through Thursday’s close while the Nasdaq Composite is up 13.5 percent. That report came after White House economic advisor Larry Kudlow told CNBC the two countries are making “fantastic” progress in their negotiations. The S&P 500 was down for the week through Thursday’s close as the index
Dow futures rise more than 150 points as Wall Street’s roaring start to 2019 continues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: fred imbert
Keywords: news, cnbc, companies, rise, points, sp, streets, wall, futures, dow, 2019, stocks, report, start, told, tighter, trade, roaring, 500, continues, thursdays

Dow futures rise more than 150 points as Wall Street's roaring start to 2019 continues

U.S. stock index futures pointed to a strong open on Friday, the first day of March, as Wall Street looked to build on its best start to a year in nearly 30 years.

At around 7:20 a.m. ET, Dow Jones Industrial Average futures indicated a gain of more than 170 points at the open. Futures on the S&P 500 and Nasdaq 100 were also up sharply.

The moves in the premarket come a day after the major indexes posted solid monthly gains in February, pushing them to their best start to a year since 1991. The Dow and S&P 500 were both up more than 11 percent through Thursday’s close while the Nasdaq Composite is up 13.5 percent.

Decreasing trade tensions between China and the U.S., along with a declining fears of tighter monetary policy from the Federal Reserve, helped propel stocks higher to kick off 2019.

Bloomberg News reported Thursday that U.S. officials are getting a final trade deal ready for President Donald Trump and Chinese President Xi Jinping to sign around mid-March.

That report came after White House economic advisor Larry Kudlow told CNBC the two countries are making “fantastic” progress in their negotiations. Treasury Secretary Steven Mnuchin also told CNBC the two side have “made a lot of progress.”

But while stocks have been on a tear the first two months of the year, they have traded in a tighter range recently. The S&P 500 was down for the week through Thursday’s close as the index tries to break above 2,800, a level closely watched by investors and traders.

Market participants are likely to closely monitor a fresh batch of economic data on Friday. Personal income, consumer spending and core PCE figures for December and January will be released at around 8:30 a.m. ET.

Manufacturing PMI, ISM manufacturing, and consumer sentiment data are all expected to follow later in the session.

—CNBC’s Sam Meredith contributed to this report.

Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: fred imbert
Keywords: news, cnbc, companies, rise, points, sp, streets, wall, futures, dow, 2019, stocks, report, start, told, tighter, trade, roaring, 500, continues, thursdays

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A heated battle between the US and China played out at the world’s biggest mobile event

The Mobile World Congress trade show in Barcelona is an annual opportunity for tech companies to showcase their latest devices and compete for the attention of more than 100,000 gadget-lovers. But this year a drama played out on stage and behind the scenes that had little to do with gadgets: a battle between American officials and Chinese tech giant Huawei. The U.S. sent a delegation to MWC to protest the telecommunication firm’s involvement in providing infrastructure for 5G, a fifth-generation

The Mobile World Congress trade show in Barcelona is an annual opportunity for tech companies to showcase their latest devices and compete for the attention of more than 100,000 gadget-lovers. But this year a drama played out on stage and behind the scenes that had little to do with gadgets: a battle between American officials and Chinese tech giant Huawei. The U.S. sent a delegation to MWC to protest the telecommunication firm’s involvement in providing infrastructure for 5G, a fifth-generation
A heated battle between the US and China played out at the world’s biggest mobile event Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: elizabeth schulze
Keywords: news, cnbc, companies, heated, wireless, played, tech, chinese, companies, american, world, violating, worlds, mobile, biggest, china, barcelona, trade, event, battle, huawei

A heated battle between the US and China played out at the world's biggest mobile event

The Mobile World Congress trade show in Barcelona is an annual opportunity for tech companies to showcase their latest devices and compete for the attention of more than 100,000 gadget-lovers.

But this year a drama played out on stage and behind the scenes that had little to do with gadgets: a battle between American officials and Chinese tech giant Huawei.

The U.S. sent a delegation to MWC to protest the telecommunication firm’s involvement in providing infrastructure for 5G, a fifth-generation wireless network that heralds faster speeds and response times for consumers and businesses. U.S. intelligence agencies fear Huawei’s networking equipment could enable Chinese spying, claims Huawei has repeatedly denied. The U.S. has also accused Huawei of violating American sanctions on Iran and stealing trade secrets, which it also denies.

“The United States is asking other governments and the private sector to consider the threat posed by Huawei and other Chinese information technology companies,” Robert Strayer, ambassador for cyber and international communications at the U.S. State Department, told reporters Tuesday in Barcelona.

Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: elizabeth schulze
Keywords: news, cnbc, companies, heated, wireless, played, tech, chinese, companies, american, world, violating, worlds, mobile, biggest, china, barcelona, trade, event, battle, huawei

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