US futures point to higher open ahead of Powell’s speech

U.S. stock index futures were higher Friday morning, as market participants awaited a key speech from the Federal Reserve’s top official. ET, Dow futures rose 108 points, indicating a positive open of more than 92 points. Futures on the S&P and Nasdaq were both slightly higher. Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided U.S. central bank in years. In corporate news, Foot Locker, Buckle and Red Robin Gourmet Burgers are expected to report th


U.S. stock index futures were higher Friday morning, as market participants awaited a key speech from the Federal Reserve’s top official. ET, Dow futures rose 108 points, indicating a positive open of more than 92 points. Futures on the S&P and Nasdaq were both slightly higher. Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided U.S. central bank in years. In corporate news, Foot Locker, Buckle and Red Robin Gourmet Burgers are expected to report th
US futures point to higher open ahead of Powell’s speech Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: sam meredith
Keywords: news, cnbc, companies, futures, powells, central, powell, points, market, point, higher, ahead, fed, expected, rate, open, speech, morning


US futures point to higher open ahead of Powell's speech

U.S. stock index futures were higher Friday morning, as market participants awaited a key speech from the Federal Reserve’s top official.

At around 03:00 a.m. ET, Dow futures rose 108 points, indicating a positive open of more than 92 points. Futures on the S&P and Nasdaq were both slightly higher.

Market focus is largely attuned to the U.S. central bank’s annual Jackson Hole symposium, with Fed Chairman Jerome Powell expected to address an audience of policymakers and economists at around 10:00 a.m. ET.

Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided U.S. central bank in years.

It comes as both the Fed and Powell are under an unprecedented siege from an angry president, while a speech that fails to assure investors the U.S. central bank will continue to cut interest rates could create even more market volatility.

As of Friday morning, Fed funds futures were pricing a likelihood of almost 90% for a 25 basis point rate cut at the September meeting, and between one or two further quarter-point rate cuts between then and the end of the year.

On the data front, new home sales for July will be released at around 10:00 a.m. ET.

In corporate news, Foot Locker, Buckle and Red Robin Gourmet Burgers are expected to report their latest quarterly results before the opening bell.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: sam meredith
Keywords: news, cnbc, companies, futures, powells, central, powell, points, market, point, higher, ahead, fed, expected, rate, open, speech, morning


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Dow drops for the first time in 4 days—here’s what experts see ahead for markets

The move leaves investors and experts broadly uncertain about what’s next for global markets, with key Federal Reserve announcements set for this week and U.S.-China trade talks still ahead. Since then, you’ve had another 90% downside day on Aug.14, and you’ve had two almost 90% upside days. The market might be a little bit ahead of itself on a very short-term trading basis, but, again, I think the market’s going substantially higher.” But for right now, rising valuations on low interest rates,


The move leaves investors and experts broadly uncertain about what’s next for global markets, with key Federal Reserve announcements set for this week and U.S.-China trade talks still ahead. Since then, you’ve had another 90% downside day on Aug.14, and you’ve had two almost 90% upside days. The market might be a little bit ahead of itself on a very short-term trading basis, but, again, I think the market’s going substantially higher.” But for right now, rising valuations on low interest rates,
Dow drops for the first time in 4 days—here’s what experts see ahead for markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: lizzy gurdus
Keywords: news, cnbc, companies, bit, trade, ahead, little, drops, dow, thats, think, market, daysheres, experts, markets, downside, 90, going


Dow drops for the first time in 4 days—here's what experts see ahead for markets

Stocks are in limbo.

The Dow Jones Industrial Average fell for the first time in four days on Tuesday as the market digested its recent swings, with the S&P 500 and Nasdaq Composite also ticking lower.

The move leaves investors and experts broadly uncertain about what’s next for global markets, with key Federal Reserve announcements set for this week and U.S.-China trade talks still ahead.

Here’s what four market pros are watching:

Jeff Saut, market strategist at Capital Wealth Planning, didn’t let last week’s volatility shake his bullish outlook:

“I think we’re in the sixth inning. I think this market, the secular bull market that we’re in, … has years left to run, and I think that you should be pretty much fully invested here. It was about three weeks ago … that I said, ‘The market bottomed yesterday,’ and that was Aug. 5, with a 90% downside day, meaning 90% of the total volume traded came in on the downside. Since then, you’ve had another 90% downside day on Aug.14, and you’ve had two almost 90% upside days. That … is the way bottoms are made, so we think the lows are in. The market might be a little bit ahead of itself on a very short-term trading basis, but, again, I think the market’s going substantially higher.”

Michael Tyler, Eastern Bank Wealth Management’s chief investment officer, was more inclined to wait for the outcome of U.S.-China trade discussions:

“The interesting thing is that earnings are beginning to come in a little bit soft and we do have some signs that, if the next round of tariffs is implemented, a little in September and perhaps more in December depending on how the politics goes, that could really, meaningfully impact the consumer. Home Depot gave us a tiny touch of that this morning. And, if so, then we’ve got some real vulnerability, because the consumer has been the driving force for so long, and if that weakens, if consumers weaken, then we could have a fundamental problem. But for right now, rising valuations on low interest rates, even if earnings are a bit soft, I’d say Jeff is right: The market’s probably got a little bit more, at least a little bit more, to go this year. ”

Former Minneapolis Fed President Narayana Kocherlakota warned of a debilitating “fear factor” weighing on global markets:

“I think the concern that you see in bond markets about the future is really tied to the lack of policy capacity that we have in central banks, that we’re going to see these downside shocks and central banks and the fiscal authorities are not going to be able to respond effectively. And that’s going to lead to another recession, perhaps of the magnitude we saw in — hopefully not, but could lead to a recession the kind of magnitude we saw in 2007 to 2009, with those same kind of persistent effects on output. And that’s because it’s the fear itself … of low capacity that breeds the conditions where, actually, central banks can’t respond effectively. So, that’s what worries me, and that’s why I think we have these low nominal rates around the world. … You look at German debt, for example, out to 10 years at negative nominal yields — this is all a fear factor, and we need to have better expectations of growth. I’m not sure where that’s going to come from, though.”

Kirk Hartman, president and global chief investment officer at Wells Fargo Asset Management, said playing today’s market was all but a fool’s errand:

“I think if you try to trade this market, it’s an opportunity to lose money. I think you want to look through the next two months. I think you’re going to see a lot more volatility until the trade dispute settles down, and I think what you want to do is you want to say, ‘I want to own stocks towards the end of the year.’ But I wouldn’t be trading this market here.”

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: lizzy gurdus
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Hong Kong protests will be ‘settled or crushed’ ahead of China national celebrations, analyst says

The months-long protests in Hong Kong could come to an end soon, according to strategist David Roche, who said they will “be settled or crushed” before October 1 — the 70th anniversary of China’s National Day. The way China responds to the situation in the city is crucial in determining how markets and U.S.-China trade talks will be affected, he told CNBC on Friday. In fact, the politics go hand in hand with the Chinese economy, Roche said. “I don’t accept this will be a small scale problem in a


The months-long protests in Hong Kong could come to an end soon, according to strategist David Roche, who said they will “be settled or crushed” before October 1 — the 70th anniversary of China’s National Day. The way China responds to the situation in the city is crucial in determining how markets and U.S.-China trade talks will be affected, he told CNBC on Friday. In fact, the politics go hand in hand with the Chinese economy, Roche said. “I don’t accept this will be a small scale problem in a
Hong Kong protests will be ‘settled or crushed’ ahead of China national celebrations, analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: grace shao
Keywords: news, cnbc, companies, kong, roche, economy, hong, beijing, dont, national, settled, analyst, hand, celebrations, china, protests, crushed, ahead, trade, talks


Hong Kong protests will be 'settled or crushed' ahead of China national celebrations, analyst says

The months-long protests in Hong Kong could come to an end soon, according to strategist David Roche, who said they will “be settled or crushed” before October 1 — the 70th anniversary of China’s National Day.

The way China responds to the situation in the city is crucial in determining how markets and U.S.-China trade talks will be affected, he told CNBC on Friday.

In fact, the politics go hand in hand with the Chinese economy, Roche said.

“I don’t accept this will be a small scale problem in a larger China economy. The reason I don’t is because I believe any intervention (from Beijing) to Hong Kong will be immediately, umbilically, linked to what happens to trade talks and international relations globally,” said Roche, who is president at research and investment consulting firm Independent Strategy.

Roche said “Beijing has to weigh in on two things: the political and economic cause.”


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: grace shao
Keywords: news, cnbc, companies, kong, roche, economy, hong, beijing, dont, national, settled, analyst, hand, celebrations, china, protests, crushed, ahead, trade, talks


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Alibaba is poised to report slower revenue growth, but analysts still see a big rally ahead

Michael Nagle | Bloomberg | Getty ImagesAlibaba is expected to show slowing revenue growth after years of blockbuster earnings when it reports fiscal first quarter earnings on Thursday. Here’s what the market expects for Alibaba’s June quarter: Revenue of 111.73 billion yuan ($15.93 billion), according to Refinitiv data. If realized, this would be a 38% year-on-year rise, but slower than the more than 61% growth seen in the same quarter last year. CloudOne of the most promising areas of Alibaba’


Michael Nagle | Bloomberg | Getty ImagesAlibaba is expected to show slowing revenue growth after years of blockbuster earnings when it reports fiscal first quarter earnings on Thursday. Here’s what the market expects for Alibaba’s June quarter: Revenue of 111.73 billion yuan ($15.93 billion), according to Refinitiv data. If realized, this would be a 38% year-on-year rise, but slower than the more than 61% growth seen in the same quarter last year. CloudOne of the most promising areas of Alibaba’
Alibaba is poised to report slower revenue growth, but analysts still see a big rally ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: arjun kharpal
Keywords: news, cnbc, companies, growth, report, business, cloud, according, market, alibabas, quarter, slower, big, alibaba, ecommerce, revenue, ahead, analysts, rally, poised


Alibaba is poised to report slower revenue growth, but analysts still see a big rally ahead

A monitor displays Alibaba Group signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Jan. 7, 2019. Michael Nagle | Bloomberg | Getty Images

Alibaba is expected to show slowing revenue growth after years of blockbuster earnings when it reports fiscal first quarter earnings on Thursday. Its profitability, however, is likely to be improved. Here’s what the market expects for Alibaba’s June quarter: Revenue of 111.73 billion yuan ($15.93 billion), according to Refinitiv data. If realized, this would be a 38% year-on-year rise, but slower than the more than 61% growth seen in the same quarter last year.

Non-GAAP diluted earnings per share (EPS) of 10.25 yuan, according to Refinitiv estimates. Alibaba’s core commerce business, which includes its Tmall and Taobao shopping platforms, is expected to be the biggest growth driver given it’s the company’s biggest division.

The Chinese giant has been expanding the core commerce business internationally through the Singapore-based e-commerce platform Lazada which it majority owns, and domestically by pushing its products into smaller cities. “We expect a solid June quarter for BABA, with e-commerce possibly beating revenue expectation thanks to Tmall’s strong GMV (gross merchandising value) growth,” Xiaoyan Wang, analyst at 86Research told CNBC. “We also anticipate continuous user growth even on such a large base, as Taobao and Tmall are successfully penetrating into low tier cities.”

New retail

Part of Alibaba’s core commerce business is its so-called new retail strategy which looks to fuse the various parts of its business from payments to bricks and mortar stores and food delivery together into one big ecosystem. Part of the push here has been investments in logistics, its Hema supermarkets and food delivery business Ele.me. Investors will be looking at the performance of these new areas — particularly food delivery, which faces stiff competition from Chinese rival Meituan.

Cloud

One of the most promising areas of Alibaba’s business, according to analysts, is cloud computing. The division saw 76% year-over-year revenue growth in the March quarter and has slowly been growing its share of Alibaba’s revenues. Though it is still only around 8% of revenues, analysts see a big opportunity for the technology giant. “Cloud remains the key asset we believe the Street is focused on. Given the penetration of cloud in China, BABA has a major green field opportunity over the coming years on this front,” Daniel Ives, managing director of equity research at Wedbush Securities, told CNBC. Alibaba is the largest cloud computing player in China by market share.

Headwinds

Alibaba’s investment into new areas has come at a price — falling margins. The company has signaled, however, that it will continue to invest, something that has so far not spooked the market. Investors will be watching the margin figure closely. Another worry is the effect of the U.S.-China trade war. “China e-commerce players have come under major pressure in light of worries around growth in the region and macro slowness. We believe … the bark is worse than bite at this point although this remains a major (‘prove me’) quarter for BABA,” Ives said. Alibaba’s shares are up nearly 20% this year, but Wall Street thinks they can go higher over the next year. The average price target on the stock is $218.09, according to Reuters data. That implies a 34.5% upside from Wednesday’s close. The Chinese e-commerce giant is also reportedly looking to hold an initial public offering in Hong Kong, which could raise as much as $20 billion. On Thursday, however, the New York Post reported that Alibaba was weighing whether to delay the listing, which was scheduled for September, amid the anti-China protests in Hong Kong. Alibaba declined to comment when contacted by CNBC about the matter. Despite some of the near-term headwinds, Alibaba’s various investments should set it up for growth over the next few years, according to Thomas Chong, equity analyst at Jefferies. “Alibaba has multiple growth drivers in the years ahead, in our view, with the core marketplace a strong cash cow enjoying secular momentum amid China’s ongoing consumption upgrade, thanks to solid execution and technological ability to digitalize the retail sector, thereby enhancing efficiency,” Chong wrote in a recent note. “Its highly synergistic ecosystem enables it to ramp up easily in lower tier cities and local services. It has clear market leadership in cloud computing, which is the backbone of digitalization across different industries.”


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: arjun kharpal
Keywords: news, cnbc, companies, growth, report, business, cloud, according, market, alibabas, quarter, slower, big, alibaba, ecommerce, revenue, ahead, analysts, rally, poised


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Week ahead could bring more volatility as worries over trade and the economy linger

Investors will also be watching to see what signal the stock market sends after outsized moves in both directions this week. There are just a few earnings in the week ahead with Walmart , Cisco Systems, Nvidia and Deere reporting as the second-quarter earnings season winds down. After a whipsawing week, stocks could face more volatile swings as investors assess new information on trade and the strength of the economy. But in the bond market, investors may continue to see the lowest yields in yea


Investors will also be watching to see what signal the stock market sends after outsized moves in both directions this week. There are just a few earnings in the week ahead with Walmart , Cisco Systems, Nvidia and Deere reporting as the second-quarter earnings season winds down. After a whipsawing week, stocks could face more volatile swings as investors assess new information on trade and the strength of the economy. But in the bond market, investors may continue to see the lowest yields in yea
Week ahead could bring more volatility as worries over trade and the economy linger Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: patti domm
Keywords: news, cnbc, companies, chinese, stocks, mccarthy, trade, week, economy, market, investors, yields, bring, worries, volatility, thats, data, probably, ahead, linger


Week ahead could bring more volatility as worries over trade and the economy linger

Investors will also be watching to see what signal the stock market sends after outsized moves in both directions this week.

But it is the behavior of the stock markets investors will be watching. It will be important to see how stocks react to variables like the level of Treasury yields and Chinese currency, which could be a bellwether for trade talks should the Chinese central bank allow the yuan to lose much more value.

Some pretty important economic reports are coming, however, spread across the week, with CPI inflation data Tuesday, and a load of key reports Thursday, including retail sales, PCE inflation data, industrial production and regional Fed surveys.

There are just a few earnings in the week ahead with Walmart , Cisco Systems, Nvidia and Deere reporting as the second-quarter earnings season winds down.

After a whipsawing week, stocks could face more volatile swings as investors assess new information on trade and the strength of the economy.

Sam Stovall, chief investment strategist at CFRA, said he believes the worst is over and stocks could trade at their highs again by the end of the month.

“I think what we went through was a retest of the May pullback and it ended up being successful,” he said. Stovall said he has been watching the sub industries of the S&P 1500, and as of July 12, 91% were above their 50-day moving average, an unusually high number.

But as of Monday, when stocks were cratering, just 10% were above their 50-day moving average.

“That to me was an indication of a washout,” Stovall said. He added that it was also a rapid move to the 5% decline level from the peak, indicating the market could make a quick comeback.

“We are probably coming out of this pullback, and we’ll probably get there quickly. History says we’ll get there by the end of the month, meaning by the end of the month we’ll probably close with a new all-time high,” he said.

Despite small losses on Friday, stocks regained most of the steep losses from earlier in the week. The S&P 500 and Nasdaq Composite were down just 0.2% week to date while the Dow had lost 0.5%. After Monday’s close, the Dow and S&P 500 had plunged around 3% while the Nasdaq had lost 3.5%.

But in the bond market, investors may continue to see the lowest yields in years. In the past week, Treasury yields moved lower in a dramatic global slide amid concerns about global growth and as the world’s central banks have been cutting interest rates.

“Trade tensions have unambiguously caused global growth to slow down, U.S. growth to slow and caused inflation to decelerate. That’s quite clear. That’s all the White House,” said Ward McCarthy, chief financial economist at Jefferies.

Treasury yields went on a wild ride in the past week, with the 10-year dipping as low as 1.59% from as high as 2.08% the week earlier.

“We’re in the crazy time of the summer … when volumes are thin, moves tend to be exaggerated. That’s probably what we should expect,” McCarthy said.

Stocks reacted negatively to the move in yields and to a drop in the Chinese yuan below a former red line level of 7 per dollar. Bond yields, in terms of basis points, last moved this fast right after President Donald Trump was elected.

“As this things accelerate, the [bond] market has been dealing with known unknowns, and now you’re starting to see people worrying about unknown unknowns. We’re in dangerous territory,” said McCarthy. “There’ s a widespread perception that there’s a race to the bottom going on here in yields, and it’s not necessarily the U.S. that’s driving this. It’s the fact we’re the high yielding market.”

As rates also fall on foreign sovereign debt, U.S. Treasurys, with a higher yield, look more attractive and lure buyers. Rates move opposite price, so yields move lower when prices turn higher.

As for the Chinese currency, the market was surprised when China failed to defend it, allowing it to sink below 7 to the dollar. The move was seen as a reaction to the latest round of tariffs Trump threatened to impose on China, effective Sept. 1.

“It’s really hard to make any kind of definitive material decision about what’s going on in China because there’s no verifiable data to work with,” said Steve Massocca, managing director at Wedbush Securities. “If the Chinese really have the capability to keep this from blowing up, they’re not going to let this blow up.”

As for economic data, McCarthy said the CPI and retail sales data will be particularly important. “I think retail sales will be solid. Everything we see on the household side is good. CPI headline could be feisty. Gasoline prices will boost it by more than a tenth,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: patti domm
Keywords: news, cnbc, companies, chinese, stocks, mccarthy, trade, week, economy, market, investors, yields, bring, worries, volatility, thats, data, probably, ahead, linger


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Dropbox shares plummet after user growth slows, but CEO still sees expansion ahead this year

Dropbox CEO Drew Houston told CNBC on Friday that the cloud storage company still has big growth opportunities this year. Shares of Dropbox sank more than 13% on Friday after the file-sharing company reported Thursday after the bell in its second-quarter earnings release slow growth in paid users and revenue per user that was below forecasts. Dropbox last quarter saw its slowest growth in paid users since going public in 2018. It was unable to attract more paid users with its try-to-buy freemium


Dropbox CEO Drew Houston told CNBC on Friday that the cloud storage company still has big growth opportunities this year. Shares of Dropbox sank more than 13% on Friday after the file-sharing company reported Thursday after the bell in its second-quarter earnings release slow growth in paid users and revenue per user that was below forecasts. Dropbox last quarter saw its slowest growth in paid users since going public in 2018. It was unable to attract more paid users with its try-to-buy freemium
Dropbox shares plummet after user growth slows, but CEO still sees expansion ahead this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: jasmine kim
Keywords: news, cnbc, companies, growth, expansion, sees, dropbox, houston, investors, users, paid, share, million, revenue, plummet, slows, ahead, quarter, shares, user, ceo


Dropbox shares plummet after user growth slows, but CEO still sees expansion ahead this year

Dropbox CEO Drew Houston told CNBC on Friday that the cloud storage company still has big growth opportunities this year.

“We’re still growing. We had a good quarter. We beat expectations. We actually raised guidance for the year. So there’s still a lot of good stuff in there and obviously we’re very focused on growth and more is better,” Houston said on “Squawk Alley. ”

Shares of Dropbox sank more than 13% on Friday after the file-sharing company reported Thursday after the bell in its second-quarter earnings release slow growth in paid users and revenue per user that was below forecasts.

Dropbox last quarter saw its slowest growth in paid users since going public in 2018. It was unable to attract more paid users with its try-to-buy freemium offer, raising concerns among investors about its ability to convert free users into paying ones.

“We focus on both growing the number of subscribers and the amount of revenue per subscriber. Those are both going to fluctuate given time. We’re operating on a bigger scale,” Houston said.

While Dropbox saw the number of paying users rise to 13.6 million from 11.9 million a year ago, average revenue per user of $120.48 missed estimates of $120.8 according to Refinitiv.

The company’s net loss widened to $21.4 million, or 5 cents a share, from $4.1 million, or 1 cent a share, a year earlier.

Houston believes that the redesigned Dropbox service that was launched in June will continue to be the company’s focus and growth area going into the next quarter.

“What we’re focused on with the new Dropbox is solving new problems for our customers. The big growth opportunity for us is [bringing] the experience of using technology at work [which] has become really fragmented and overwhelming,” he said.

Despite the decline in its shares, the cloud storage company topped Wall Street estimates for the second quarter. Dropbox reported adjusted quarterly profit of 10 cents per share compared with 8 cents per share. Revenue came in at $401.5 million versus $400.9 million expected according to Refinitiv.

In response to what investors should know moving forward, Houston said, “We have more work to do to educate investors on our hybrid model, which combines the best elements of consumer internet and conventional enterprise software but doesn’t look quite like either one.”

“The benefits combined are really profitable. … But we have to help people understand that and understand why we’re so confident about our future.”


Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: jasmine kim
Keywords: news, cnbc, companies, growth, expansion, sees, dropbox, houston, investors, users, paid, share, million, revenue, plummet, slows, ahead, quarter, shares, user, ceo


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Treasury yields edge higher ahead of Fed meeting

U.S. government debt yields edged higher on Tuesday morning with traders awaiting a monetary policy decision from the Federal Reserve, which is expected to produce a first cut to interest rates for over a decade. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.058%, while the yield on the 30-year Treasury bond rose to 2.586%. Market focus is largely attuned to the Federal Open Markets Committee (FOMC) meeting next week, with markets pr


U.S. government debt yields edged higher on Tuesday morning with traders awaiting a monetary policy decision from the Federal Reserve, which is expected to produce a first cut to interest rates for over a decade. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.058%, while the yield on the 30-year Treasury bond rose to 2.586%. Market focus is largely attuned to the Federal Open Markets Committee (FOMC) meeting next week, with markets pr
Treasury yields edge higher ahead of Fed meeting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: elliot smith
Keywords: news, cnbc, companies, yields, price, yield, edge, index, markets, ahead, fed, trade, meeting, rates, interest, treasury, higher, junes


Treasury yields edge higher ahead of Fed meeting

U.S. government debt yields edged higher on Tuesday morning with traders awaiting a monetary policy decision from the Federal Reserve, which is expected to produce a first cut to interest rates for over a decade.

At around 2:30 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.058%, while the yield on the 30-year Treasury bond rose to 2.586%.

Market focus is largely attuned to the Federal Open Markets Committee (FOMC) meeting next week, with markets pricing in a 25 basis point cut to interest rates. The Fed will announce its decision on Wednesday.

U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer are set to resume in-person trade negotiations with China on Tuesday in Shanghai, though there is little hope of a resolution in the immediate future.

Economic data will also be in focus, with June’s personal income, consumer spending and core inflation data due at 8:30 a.m. ET.

The S&P/Case-Shiller house price index for May is due for release at 9:00 a.m. ET, while June’s pending home sales and July consumer confidence figures will be published at 10:00 a.m. The Dallas Fed’s services index is due at 10:30 a.m. ET.

Follow CNBC International on and Facebook.


Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: elliot smith
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Dow futures higher as investors look ahead to Fed meeting, Apple earnings

U.S. stock index futures indexes were slightly higher Tuesday morning, ahead of a key meeting by the Federal Reserve. ET, Dow futures rose 35 points, indicating a higher open of more than 41 points. Traders are focused on the upcoming Fed meeting, which starts Tuesday. Market expectations point to a quarter-point rate cut on Wednesday, which would be the first rate cut in a decade. Wall Street ended on a mixed note Monday as investors monitored a new round of trade talks between the U.S. and Chi


U.S. stock index futures indexes were slightly higher Tuesday morning, ahead of a key meeting by the Federal Reserve. ET, Dow futures rose 35 points, indicating a higher open of more than 41 points. Traders are focused on the upcoming Fed meeting, which starts Tuesday. Market expectations point to a quarter-point rate cut on Wednesday, which would be the first rate cut in a decade. Wall Street ended on a mixed note Monday as investors monitored a new round of trade talks between the U.S. and Chi
Dow futures higher as investors look ahead to Fed meeting, Apple earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: silvia amaro
Keywords: news, cnbc, companies, cut, look, rate, et, ahead, fed, futures, dow, points, meeting, upcoming, investors, higher, earnings, apple


Dow futures higher as investors look ahead to Fed meeting, Apple earnings

U.S. stock index futures indexes were slightly higher Tuesday morning, ahead of a key meeting by the Federal Reserve.

At around 01:30 a.m. ET, Dow futures rose 35 points, indicating a higher open of more than 41 points. Futures on the S&P and Nasdaq were both marginally higher.

Traders are focused on the upcoming Fed meeting, which starts Tuesday. Market expectations point to a quarter-point rate cut on Wednesday, which would be the first rate cut in a decade.

On the data front, there will be personal and consumer spending figures out at 08:30 a.m. ET; as well as pending home sales and consumer confidence numbers due at 10:00 a.m. ET.

In corporate news, Mastercard and Under Armour are reporting before the bell. Apple and Mondelez will be updating investors after the bell.

Wall Street ended on a mixed note Monday as investors monitored a new round of trade talks between the U.S. and China and weighed the upcoming Fed decision.


Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: silvia amaro
Keywords: news, cnbc, companies, cut, look, rate, et, ahead, fed, futures, dow, points, meeting, upcoming, investors, higher, earnings, apple


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Trade jitters running high at American companies ahead of new US-China talks

Worries about the U.S.-China trade war are running high during the current U.S. quarterly reporting season, with companies as diverse as Juniper Networks and O’Reilly Automotive bemoaning the consequences but saying they are finding ways to weather the storm. Tariffs were mentioned in about a third of conference calls held by S&P 500 companies reporting their quarterly results through July 26, according to FactSet. That suggests that export-oriented companies are feeling the trade war less than


Worries about the U.S.-China trade war are running high during the current U.S. quarterly reporting season, with companies as diverse as Juniper Networks and O’Reilly Automotive bemoaning the consequences but saying they are finding ways to weather the storm. Tariffs were mentioned in about a third of conference calls held by S&P 500 companies reporting their quarterly results through July 26, according to FactSet. That suggests that export-oriented companies are feeling the trade war less than
Trade jitters running high at American companies ahead of new US-China talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-30
Keywords: news, cnbc, companies, expectations, talks, investors, high, trade, expected, jitters, running, ahead, earnings, american, war, tariffs, ago, companies, 500, uschina


Trade jitters running high at American companies ahead of new US-China talks

Worries about the U.S.-China trade war are running high during the current U.S. quarterly reporting season, with companies as diverse as Juniper Networks and O’Reilly Automotive bemoaning the consequences but saying they are finding ways to weather the storm.

Trade negotiations shift to Shanghai on Tuesday, with stock market investors sensitive to fallout from the year-long conflict and any signs that it could escalate.

Tariffs were mentioned in about a third of conference calls held by S&P 500 companies reporting their quarterly results through July 26, according to FactSet.

The 71 firms flagging tariffs were up from the 50 companies discussing tariffs in the same time frame in the first-quarter season, but less than the 99 a year ago when tariffs were an emerging issue for U.S. corporations.

Many of those corporations outlined to investors their plans to minimize the impact of the trade war, which has added to uncertainty as they struggle with a sluggish global economy, including lackluster economies in Europe and Japan.

Parts supplier O’Reilly Automotive said in its conference call last week that it raised the prices of its products to make up for higher costs related to the tariffs.

Network gear maker Juniper Networks on Thursday missed the mid-point of its margin guidance due to the tariffs, saying it expected pressure to continue, even as it manages its operating expenses to mitigate the damage.

Of S&P 500 components that have reported their second-quarter earnings, export-focused companies have beaten analysts’ expectations 77% of the time, while companies focused on the domestic economy have exceeded expectations just 66% of the time, according to an analysis by Credit Suisse.

That suggests that export-oriented companies are feeling the trade war less than investors expected, said Patrick Palfrey, an earnings analyst at Credit Suisse.

“Trade is an exacerbating factor, as opposed to the primary driver of the slowdown,” Palfrey said.

S&P 500 earnings are expected to have risen just 0.6% in the second quarter from a year ago, according to IBES data from Refinitiv. A big part of the slowdown reflects tough comparisons with a year ago, when the U.S. tax cut package led to a 24.9% jump in second-quarter earnings.

Roughly 76% of the 222 companies that have reported as of Monday morning have beaten analysts’ earnings expectations, in line with the recent trend.

Third-quarter earnings expectations have now turned negative, however, with earnings expected to decline 0.6% from a year ago, based on Refinitiv’s data.

Wall Street has reacted sharply over the past year to tweets from U.S. President Donald Trump, variously suggesting progress and setbacks in settling the trade dispute.

Buoyed by expectations the Federal Reserve will cut interest rates, but also suggesting investors are becoming less sensitive to uncertainty around the trade war, the S&P 500 has surged 20% year to date and hit record highs last week.

Mattel’s stock has surged 16% since Thursday, when the toymaker’s quarterly results beat expectations, while it warned about the impact of an escalation of the trade war.

“We are being watchful of the potential tariff that may be implemented, and if implemented, would impact the entire toy industry. We have contingency plans in place and we’re working closely with the retailers to ensure that we are aligned on our approach to mitigate the tariffs,” Mattel CEO Ynon Kreiz said on a conference call last week.

The Philadelphia Semiconductor index has surged 38% in 2019, even as trade tensions and U.S. restrictions on sales to Chinese telecom Huawei make it harder to predict when U.S. chipmakers will recover from a global, cyclical downturn.

Investors were surprised last week after Texas Instruments said that U.S.-China trade tensions were not hampering its ability to conduct business in China, while Intel said on Thursday that customers worried about potential tariffs on chips were preemptively buying processors.

“We really think the Q2 action was pulling from the second half into the first half,” Intel CFO George Davis told Reuters following the earnings report. “Depending on how the trade discussions go, there could be some additional activity there, but we’re not expecting at the same level, if at all, during the third quarter. We’re forecasting demand based on the signals we’re getting from our customers.”

China recently signaled it would allow Chinese firms to make some tariff-free purchases of U.S. farm goods, while Washington has encouraged companies to apply for waivers to a national security ban on sales to Huawei. But going into the talks, neither side has implemented the measures that were intended to show their goodwill.


Company: cnbc, Activity: cnbc, Date: 2019-07-30
Keywords: news, cnbc, companies, expectations, talks, investors, high, trade, expected, jitters, running, ahead, earnings, american, war, tariffs, ago, companies, 500, uschina


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WeWork is in talks to acquire start-up SpaceIQ as it pushes into software ahead of IPO

WeWork, the owner of co-working spaces across the globe, is in talks to acquire real estate-focused software start-up SpaceIQ, according to people familiar with the matter. The sources, who asked not to be named because the talks are private, did not provide potential terms of the deal. WeWork lost $264 million in the first quarter while revenue more than doubled to $728.3 million. WeWork reportedly spent $200 million to acquire Meetup, a service that helps people organize meetings. WATCH: WeWor


WeWork, the owner of co-working spaces across the globe, is in talks to acquire real estate-focused software start-up SpaceIQ, according to people familiar with the matter. The sources, who asked not to be named because the talks are private, did not provide potential terms of the deal. WeWork lost $264 million in the first quarter while revenue more than doubled to $728.3 million. WeWork reportedly spent $200 million to acquire Meetup, a service that helps people organize meetings. WATCH: WeWor
WeWork is in talks to acquire start-up SpaceIQ as it pushes into software ahead of IPO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: alex sherman
Keywords: news, cnbc, companies, spaceiq, technology, million, deal, acquire, software, pushes, company, talks, ahead, wall, startup, ipo, wework


WeWork is in talks to acquire start-up SpaceIQ as it pushes into software ahead of IPO

WeWork, the owner of co-working spaces across the globe, is in talks to acquire real estate-focused software start-up SpaceIQ, according to people familiar with the matter.

A deal for SpaceIQ, a Silicon Valley-based developer of management and analytics software for making efficient use of office space, could help WeWork convince Wall Street that it’s at least somewhat of a technology company as it gears up for an IPO. WeWork said in April that it had confidentially filed for a public offering, and the Wall Street Journal reported this month that the debut is planned for September.

The sources, who asked not to be named because the talks are private, did not provide potential terms of the deal. SpaceIQ has raised about $11.5 million in venture funding.

A WeWork spokesperson declined to comment. A SpaceIQ spokesperson said in an email, responding to a request for comment, that “media inquiries are being funneled through WeWork’s Corporate Communications Team.”

WeWork, which rebranded itself as the We Company earlier this year to reflect its expansion beyond the co-working market, was last valued around $36 billion after Japanese technology and telecommunications giant SoftBank invested about $2 billion in the company in January. WeWork lost $264 million in the first quarter while revenue more than doubled to $728.3 million.

Justifying its latest valuation — or a premium to it — on the public markets is becoming more difficult as investors take a skeptical view of cash-burning companies that raised billions in private capital to fuel growth. Uber is trading below its $45 IPO price from May, and smaller ride-hailing rival Lyft remains under its debut price of $72 from March.

WeWork has made a number of acquisitions in recent years, including a deal in April for Managed by Q, a software platform for hiring services for offices. WeWork reportedly spent $200 million to acquire Meetup, a service that helps people organize meetings.

— CNBC’s Deirdre Bosa and Sara Eisen contributed to this report.

WATCH: WeWork CEO reportedly cashed out more than $700 million ahead of IPO


Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: alex sherman
Keywords: news, cnbc, companies, spaceiq, technology, million, deal, acquire, software, pushes, company, talks, ahead, wall, startup, ipo, wework


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