US Treasury yields tick higher as investors await key central bank meetings

US companies are canceling investment into China at a faster… The latest Amcham survey shows that some U.S. firms in China are speeding up their move away from the mainland as increasing tariffs bite. China Economyread more


US companies are canceling investment into China at a faster… The latest Amcham survey shows that some U.S. firms in China are speeding up their move away from the mainland as increasing tariffs bite. China Economyread more
US Treasury yields tick higher as investors await key central bank meetings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, central, mainland, bank, latest, speeding, increasing, survey, meetings, firms, china, yields, treasury, shows, await, key, tariffs, tick, investors, investment, higher


US Treasury yields tick higher as investors await key central bank meetings

US companies are canceling investment into China at a faster…

The latest Amcham survey shows that some U.S. firms in China are speeding up their move away from the mainland as increasing tariffs bite.

China Economy

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Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, central, mainland, bank, latest, speeding, increasing, survey, meetings, firms, china, yields, treasury, shows, await, key, tariffs, tick, investors, investment, higher


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Israel’s Netanyahu announces post-election plan to annex West Bank’s Jordan Valley

Israeli Prime Minister Benjamin Netanyahu announced his intention on Tuesday to annex the Jordan Valley, a large swathe of the occupied West Bank, if he wins next week’s election in a closely contested race. Israel captured the West Bank in a 1967 war and Palestinians seek to make the area part of a future state. Around 65,000 Palestinians and 11,000 Israeli settlers live in the Jordan Valley and northern Dead Sea area, according to the Israeli human rights group B’Tselem. Israel captured the We


Israeli Prime Minister Benjamin Netanyahu announced his intention on Tuesday to annex the Jordan Valley, a large swathe of the occupied West Bank, if he wins next week’s election in a closely contested race. Israel captured the West Bank in a 1967 war and Palestinians seek to make the area part of a future state. Around 65,000 Palestinians and 11,000 Israeli settlers live in the Jordan Valley and northern Dead Sea area, according to the Israeli human rights group B’Tselem. Israel captured the We
Israel’s Netanyahu announces post-election plan to annex West Bank’s Jordan Valley Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10
Keywords: news, cnbc, companies, annex, west, election, announces, plan, banks, israels, palestinians, netanyahu, valley, jordan, postelection, bank, israeli, israel, peace


Israel's Netanyahu announces post-election plan to annex West Bank's Jordan Valley

Israeli Prime Minister Benjamin Netanyahu announced his intention on Tuesday to annex the Jordan Valley, a large swathe of the occupied West Bank, if he wins next week’s election in a closely contested race.

Palestinian chief peace negotiator Saeb Erekat called the planned move a war crime under international law governing occupied territory. Israel captured the West Bank in a 1967 war and Palestinians seek to make the area part of a future state.

Israeli political commentators saw Netanyahu’s declaration, in a speech broadcast live on Israel’s main TV channels, as a bid to siphon support away from far-right rivals who have long advocated annexation of Jewish settlements in the West Bank.

“Today, I announce my intention, after the establishment of a new government, to apply Israeli sovereignty to the Jordan Valley and the northern Dead Sea,” Netanyahu said in a speech broadcast live on Israeli TV channels, calling the area “Israel’s eastern border”.

That step, he said, could be taken “immediately after the election if I receive a clear mandate to do so from you, the citizens of Israel.”

Around 65,000 Palestinians and 11,000 Israeli settlers live in the Jordan Valley and northern Dead Sea area, according to the Israeli human rights group B’Tselem. The main Palestinian city is Jericho, with around 28 villages and smaller Bedouin communities.

Fighting for his political life after an inconclusive election in April, Netanyahu also reaffirmed a pledge to annex all of the settlements Israel has established in the territory. But he said that broader step could take longer and required “maximum coordination” with Washington.

“Out of respect for President Trump and great faith in our friendship, I will await applying sovereignty until release of the president’s political plan,” he said, referring to a long-awaited blueprint from Washington for Israeli-Palestinian peace.

The U.S. plan, Netanyahu reiterated, would likely be presented very soon after Israel goes to the polls on Sept. 17.

Netanyahu, head of the right-wing Likud party and in office for the past decade, failed to form a governing coalition following a national ballot in April.

White House senior adviser Jared Kushner said in early May that he hoped Israel would take a hard look at President Donald Trump’s upcoming Middle East peace proposal before “proceeding with any plan” to annex West Bank settlements. In an interview with the New York Times in June, U.S. ambassador to Israel David Friedman said that “under certain circumstances” Israel has the “right to retain some, but unlikely all, of the West Bank”.

“PERPETUAL CONFLICT”

Hanan Ashrawi, a senior official in the Palestine Liberation Organization said on Twitter after Netanyahu’s announcement that the Israeli leader was out to impose a “greater Israel on all of historical Palestine and (carry) out an ethnic cleansing agenda.”

“All bets are off. Dangerous aggression. Perpetual conflict,” she wrote.

Israeli-Palestinian peace talks collapsed in 2014 and Palestinians have called Trump’s proposal dead in the water, even before its publication, citing what they see as his pro-Israel policies.

Last March, just before Israel’s previous election, Trump -in a move widely seen as an attempt to bolster Netanyahu recognised Israel’s 1981 annexation of the Golan Heights, captured from Syria in the 1967 conflict.

“It’s an election stunt and not a very impressive one because it’s so transparent,” Yair Lapid, co-leader of the centrist Blue and White Party, said in a statement about Netanyahu’s plan.

Blue and White, led by former armed forces chief Benny Gantz, and Likud are running neck and neck in opinion polls.

The Jordan Valley, which Palestinians seek for the eastern perimeter of a state in the West Bank and Gaza Strip, stretches from the Dead Sea in the south to the Israeli city of Beit Shean in the north. Israel captured the West Bank in a 1967 war.

The 926 square mile valley accounts for nearly 30 percent of the territory in the West Bank. Israel has long said it intends to maintain military control there under any peace agreement with the Palestinians.


Company: cnbc, Activity: cnbc, Date: 2019-09-10
Keywords: news, cnbc, companies, annex, west, election, announces, plan, banks, israels, palestinians, netanyahu, valley, jordan, postelection, bank, israeli, israel, peace


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JP Morgan takes on Stripe and Square with faster payments for merchants

J.P. Morgan Chase wants to disrupt the fintech disruptors. The company is rolling out free same-day deposits to customers of its WePay platform who have bank accounts with the firm, according to Bill Clerico, CEO of WePay. J.P. Morgan acquired the Silicon Valley-based start-up in December 2017. “Because we are a bank [as well as a payments processor], we can deposit their credit-card proceeds the same day, including weekends, at no additional cost.” The feature, available to some users already a


J.P. Morgan Chase wants to disrupt the fintech disruptors. The company is rolling out free same-day deposits to customers of its WePay platform who have bank accounts with the firm, according to Bill Clerico, CEO of WePay. J.P. Morgan acquired the Silicon Valley-based start-up in December 2017. “Because we are a bank [as well as a payments processor], we can deposit their credit-card proceeds the same day, including weekends, at no additional cost.” The feature, available to some users already a
JP Morgan takes on Stripe and Square with faster payments for merchants Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: hugh son
Keywords: news, cnbc, companies, wepay, morgan, merchants, stripe, clerico, yearend, square, weekend, wants, bank, faster, takes, weekends, payments, payment


JP Morgan takes on Stripe and Square with faster payments for merchants

J.P. Morgan Chase wants to disrupt the fintech disruptors.

The company is rolling out free same-day deposits to customers of its WePay platform who have bank accounts with the firm, according to Bill Clerico, CEO of WePay. J.P. Morgan acquired the Silicon Valley-based start-up in December 2017.

“With other payment processors, when a small business is looking to get paid, it can take 24, 48, sometimes 72 hours over the weekend for that payment to hit,” Clerico said in a telephone interview. “Because we are a bank [as well as a payments processor], we can deposit their credit-card proceeds the same day, including weekends, at no additional cost.”

The feature, available to some users already and spreading to all of its platforms by year-end, eases a cash bottleneck faced by many businesses.


Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: hugh son
Keywords: news, cnbc, companies, wepay, morgan, merchants, stripe, clerico, yearend, square, weekend, wants, bank, faster, takes, weekends, payments, payment


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Netflix rises after Bank of America says it’s ‘seeing significant reacceleration’ in mobile app downloads

L Brands’ ties to Jeffrey Epstein aren’t its only troublesOver the past year, the company has grappled with falling sales at Victoria’s Secret, as its board has been thrust into the spotlight following an activist campaign and…Retailread more


L Brands’ ties to Jeffrey Epstein aren’t its only troublesOver the past year, the company has grappled with falling sales at Victoria’s Secret, as its board has been thrust into the spotlight following an activist campaign and…Retailread more
Netflix rises after Bank of America says it’s ‘seeing significant reacceleration’ in mobile app downloads Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: lauren feiner
Keywords: news, cnbc, companies, bank, thrust, sales, america, jeffrey, downloads, victorias, past, troublesover, ties, spotlight, reacceleration, mobile, netflix, seeing, app, rises, secret, significant


Netflix rises after Bank of America says it's 'seeing significant reacceleration' in mobile app downloads

L Brands’ ties to Jeffrey Epstein aren’t its only troubles

Over the past year, the company has grappled with falling sales at Victoria’s Secret, as its board has been thrust into the spotlight following an activist campaign and…

Retail

read more


Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: lauren feiner
Keywords: news, cnbc, companies, bank, thrust, sales, america, jeffrey, downloads, victorias, past, troublesover, ties, spotlight, reacceleration, mobile, netflix, seeing, app, rises, secret, significant


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Analysts divided on ECB stimulus prospects amid conflicting tones from officials

Analysts are split over what to expect from the European Central Bank (ECB) on Thursday, after central bank officials moved to downplay market expectations of immediate and substantial quantitative easing (QE). In June, ECB President Mario Draghi confirmed he was exploring measures to boost the 19-member euro zone economy, citing persistent low inflation and sluggish growth. However, ECB officials have dampened hopes of a substantial monetary stimulus package of late. French central bank Preside


Analysts are split over what to expect from the European Central Bank (ECB) on Thursday, after central bank officials moved to downplay market expectations of immediate and substantial quantitative easing (QE). In June, ECB President Mario Draghi confirmed he was exploring measures to boost the 19-member euro zone economy, citing persistent low inflation and sluggish growth. However, ECB officials have dampened hopes of a substantial monetary stimulus package of late. French central bank Preside
Analysts divided on ECB stimulus prospects amid conflicting tones from officials Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: elliot smith
Keywords: news, cnbc, companies, bank, ecb, prospects, singh, stimulus, round, central, amid, qe2, officials, euro, analysts, tones, conflicting, president, divided


Analysts divided on ECB stimulus prospects amid conflicting tones from officials

Analysts are split over what to expect from the European Central Bank (ECB) on Thursday, after central bank officials moved to downplay market expectations of immediate and substantial quantitative easing (QE). In June, ECB President Mario Draghi confirmed he was exploring measures to boost the 19-member euro zone economy, citing persistent low inflation and sluggish growth. These have been mooted to include a change in forward guidance, rate cuts, a tiered deposit rate and recommencing asset purchases, or QE. However, ECB officials have dampened hopes of a substantial monetary stimulus package of late. French central bank President Francois Villeroy de Galhau and Estonian central bank President Madis Muller are the latest to cast doubt on the scale of intervention. They join Sabine Lautenschlager, a member of the ECB executive board, Klaas Knot, president of the Dutch central bank, and Bundesbank President Jens Weidmann, who have all signaled skepticism about relaunching QE. The thrust of their comments seemed to contradict both Draghi and Ollie Rehn, president of the Bank of Finland, who recently called for an “impactful and significant” stimulus package.

‘Puzzling’ change of tone

Shweta Singh, managing director of global macro at TS Lombard, said in a note Wednesday that the shift in ECB communications was “puzzling.” With Italy’s economy stagnating in the second quarter while Germany, the euro area’s largest economy, contracting and indicating further weakness to come, Singh suggested there was “little room for optimism on the economic outlook.” “Manufacturing remains in the doldrums and the weakness is spreading quite rapidly to services. Businesses are revising lower their hiring and expansion plans, citing weak demand as a key constraint on production,” Singh said. The central bank’s QE program has long proven controversial in Germany, where the country’s constitutional court is embroiled in an ongoing case centering on whether the ECB’s bond-buying constitutes so-called “monetary financing,” which is prohibited under EU law. Singh also highlighted that a combination of a new round of tit-for-tat tariffs in the U.S.-China trade war, a strong dollar weighing on global financing conditions and dampening demand for euro area exports, and the chaos surrounding Brexit does little to ease these concerns. Without a great deal of support from fiscal policy, she suggested the ECB will have to do the heavy lifting, but the effectiveness of a fresh round of stimulus would depend on what form it takes.

“The marginal benefits of cutting rates that are already negative are limited at best, even if such a move is accompanied by a new round of cheaper long-term refinancing operations (TLTROs) and a tiering of deposit rates,” Singh said. She added that on the other hand, a second round of quantitative easing by the ECB (QE2) could provide a more meaningful boost to monetary and financing conditions. However, this would still have a milder impact than QE1, when “borrowing costs were higher, fragmentation across the euro area was severe and domestic risks were far greater.” “Crucially, there may be much less scope this time for the euro to edge lower and thus boost inflation expectations, while the pool of eligible assets that the ECB can buy has shrunk since QE1 was launched.” TS Lombard researchers expect that QE2 could be around a third of the size of the 2.6 trillion euros ($2.88 trillion) injected in QE1. However, they projected that if the ECB was to loosen some of its self-imposed constraints on asset purchases, such as raising issuer limits from 33% to 50%, it could buy up to 1.5 trillion euros in government, supranational and non-bank private sector debt. Singh’s team still expects a package of stimulus on Thursday, but cautioned that cutting rates without QE2 would be a “recipe for disaster.”

Go big or go home?

For the ECB to close a 0.5% inflation gap, at least 600 billion euros of QE2 would be needed, according to Pictet senior European economist Frederik Ducrozet. In a note published Thursday, Ducrozet suggested that if anything, the decreasing marginal returns of QE and the risk of a “de-anchoring of inflation expectations” call for an even more aggressive program. “Our initial expectation was for QE2 to be set at 50 billion euros per month over 12 months,” Ducrozet said. “A compromise could take the form of a smaller quantum of purchases for longer—say 30 billion over 18 months, 25 billion over two years, or even open-ended asset purchases linked to a state-contingent forward guidance. Either way, we expect the issuer limits to be raised from 33% to 50%.”


Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: elliot smith
Keywords: news, cnbc, companies, bank, ecb, prospects, singh, stimulus, round, central, amid, qe2, officials, euro, analysts, tones, conflicting, president, divided


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Stocks making the biggest moves midday: AT&T, Chipotle, Las Vegas Sands, Energizer & more

Check out the companies making headlines midday Monday:AT&T — AT&T rose 1.5% after noted Wall Street activist Elliott Management disclosed a $3.2 billion stake in the company. Chipotle — Shares of fast-food Mexican restaurant chain Chipotle gained as much as 2.6% following an upgrade to outperform from neutral by Wedbush. Las Vegas Sands — An analyst at Deutsche Bank upgraded the casino operator to buy from hold, lifting its stock by more than 3%. Altice USA — Altice USA shares slipped 2.5% afte


Check out the companies making headlines midday Monday:AT&T — AT&T rose 1.5% after noted Wall Street activist Elliott Management disclosed a $3.2 billion stake in the company. Chipotle — Shares of fast-food Mexican restaurant chain Chipotle gained as much as 2.6% following an upgrade to outperform from neutral by Wedbush. Las Vegas Sands — An analyst at Deutsche Bank upgraded the casino operator to buy from hold, lifting its stock by more than 3%. Altice USA — Altice USA shares slipped 2.5% afte
Stocks making the biggest moves midday: AT&T, Chipotle, Las Vegas Sands, Energizer & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: fred imbert
Keywords: news, cnbc, companies, making, stocks, analyst, energy, usa, bank, biggest, america, energizer, midday, stock, sands, rose, company, telecom, shares, vegas, chipotle, moves, las


Stocks making the biggest moves midday: AT&T, Chipotle, Las Vegas Sands, Energizer & more

Traders work on the floor of the New York Stock Exchange.

Check out the companies making headlines midday Monday:

AT&T — AT&T rose 1.5% after noted Wall Street activist Elliott Management disclosed a $3.2 billion stake in the company. Elliott – founded by Paul Singer – said in letter to AT&T’s board that it hopes to help the telecom company trim unneeded assets and it could see shares above $60 after refocusing its business strategy.

Chipotle — Shares of fast-food Mexican restaurant chain Chipotle gained as much as 2.6% following an upgrade to outperform from neutral by Wedbush. The firm hiked its 12-month price target to $980 from $780, expecting the company’s digital sales to drive up sales by 30% by the end of 2021. The stock hit a new 52-week high on Monday.

Las Vegas Sands — An analyst at Deutsche Bank upgraded the casino operator to buy from hold, lifting its stock by more than 3%. The analyst said bearish sentiment around Macau’s gaming market is creating an “attractive” entry point for longer-term investors.

Altice USA — Altice USA shares slipped 2.5% after the telecom company unveiled a new wireless phone service for $20 per month. CEO Dexter Goei said in a conference call the company intends to make this service profitable.

Exxon Mobil, Chevron, Noble Energy, Helmerich & Payne — Energy-related stocks rose broadly as oil prices got a boost from Saudi Energy Minister Abdulaziz bin Salman’s comments on production cuts. He said a deal to lower oil production by 1.2 million barrels per day would survive. U.S. crude traded 2.7% higher. Exxon and Chevron both gained more than 0.75%. Noble Energy and Helmerich & Payne jumped 4.6% and 8.6, respectively.

Acadia Pharmaceuticals — Acadia shares surged 63.2% after the company announced an early ending to a successful Phase 3 trial for its Pimavanserin drug. The drug meets its “primary endpoint” with patients suffering from dementia-related psychosis, the company said in a release.

Energizer — Shares of the battery maker rose 7% after an analyst at Bank of America upgraded them to buy from underperform. The analyst said all the major risks facing the company are known, adding there is “confidence” in Energizer’s ability to turn the business around.

Bank of America, Citigroup, J.P. Morgan Chase — Bank stocks got a lift as Treasury yields rose after China reportedly offered to increase U.S. agricultural product purchases in exchange for easing sanctions on telecom giant Huawei. The 10-year yield rose to 1.63% while the 2-year rate climbed to 1.57%. Bank of America and J.P. Morgan Chase both rose more than 2% while Citigroup advanced 4.3%.

—CNBC’s Tom Franck and Maggie Fitzgerald contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: fred imbert
Keywords: news, cnbc, companies, making, stocks, analyst, energy, usa, bank, biggest, america, energizer, midday, stock, sands, rose, company, telecom, shares, vegas, chipotle, moves, las


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Stocks making the biggest moves midday: AT&T, Chipotle, Las Vegas Sands, Energizer & more

Check out the companies making headlines midday Monday:AT&T — AT&T rose 1.5% after noted Wall Street activist Elliott Management disclosed a $3.2 billion stake in the company. Chipotle — Shares of fast-food Mexican restaurant chain Chipotle gained as much as 2.6% following an upgrade to outperform from neutral by Wedbush. Las Vegas Sands — An analyst at Deutsche Bank upgraded the casino operator to buy from hold, lifting its stock by more than 3%. Altice USA — Altice USA shares slipped 2.5% afte


Check out the companies making headlines midday Monday:AT&T — AT&T rose 1.5% after noted Wall Street activist Elliott Management disclosed a $3.2 billion stake in the company. Chipotle — Shares of fast-food Mexican restaurant chain Chipotle gained as much as 2.6% following an upgrade to outperform from neutral by Wedbush. Las Vegas Sands — An analyst at Deutsche Bank upgraded the casino operator to buy from hold, lifting its stock by more than 3%. Altice USA — Altice USA shares slipped 2.5% afte
Stocks making the biggest moves midday: AT&T, Chipotle, Las Vegas Sands, Energizer & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: fred imbert
Keywords: news, cnbc, companies, stock, las, stocks, sands, rose, telecom, shares, energy, biggest, usa, moves, vegas, midday, analyst, making, bank, america, company, energizer, chipotle


Stocks making the biggest moves midday: AT&T, Chipotle, Las Vegas Sands, Energizer & more

Traders work on the floor of the New York Stock Exchange.

Check out the companies making headlines midday Monday:

AT&T — AT&T rose 1.5% after noted Wall Street activist Elliott Management disclosed a $3.2 billion stake in the company. Elliott – founded by Paul Singer – said in letter to AT&T’s board that it hopes to help the telecom company trim unneeded assets and it could see shares above $60 after refocusing its business strategy.

Chipotle — Shares of fast-food Mexican restaurant chain Chipotle gained as much as 2.6% following an upgrade to outperform from neutral by Wedbush. The firm hiked its 12-month price target to $980 from $780, expecting the company’s digital sales to drive up sales by 30% by the end of 2021. The stock hit a new 52-week high on Monday.

Las Vegas Sands — An analyst at Deutsche Bank upgraded the casino operator to buy from hold, lifting its stock by more than 3%. The analyst said bearish sentiment around Macau’s gaming market is creating an “attractive” entry point for longer-term investors.

Altice USA — Altice USA shares slipped 2.5% after the telecom company unveiled a new wireless phone service for $20 per month. CEO Dexter Goei said in a conference call the company intends to make this service profitable.

Exxon Mobil, Chevron, Noble Energy, Helmerich & Payne — Energy-related stocks rose broadly as oil prices got a boost from Saudi Energy Minister Abdulaziz bin Salman’s comments on production cuts. He said a deal to lower oil production by 1.2 million barrels per day would survive. U.S. crude traded 2.7% higher. Exxon and Chevron both gained more than 0.75%. Noble Energy and Helmerich & Payne jumped 4.6% and 8.6, respectively.

Acadia Pharmaceuticals — Acadia shares surged 63.2% after the company announced an early ending to a successful Phase 3 trial for its Pimavanserin drug. The drug meets its “primary endpoint” with patients suffering from dementia-related psychosis, the company said in a release.

Energizer — Shares of the battery maker rose 7% after an analyst at Bank of America upgraded them to buy from underperform. The analyst said all the major risks facing the company are known, adding there is “confidence” in Energizer’s ability to turn the business around.

Bank of America, Citigroup, J.P. Morgan Chase — Bank stocks got a lift as Treasury yields rose after China reportedly offered to increase U.S. agricultural product purchases in exchange for easing sanctions on telecom giant Huawei. The 10-year yield rose to 1.63% while the 2-year rate climbed to 1.57%. Bank of America and J.P. Morgan Chase both rose more than 2% while Citigroup advanced 4.3%.

—CNBC’s Tom Franck and Maggie Fitzgerald contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: fred imbert
Keywords: news, cnbc, companies, stock, las, stocks, sands, rose, telecom, shares, energy, biggest, usa, moves, vegas, midday, analyst, making, bank, america, company, energizer, chipotle


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Stocks making the biggest moves premarket: Amazon, E*Trade, Royal Caribbean, PG&E & more

The positions are all full time with benefits, and are unrelated to the usual yearly increase in holiday season hiring. Chipotle Mexican Grill – Wedbush upgraded the restaurant operator’s stock to “outperform” from “neutral,” and raised the price target by $200 to $980 per share. Royal Caribbean – Royal Caribbean declared a quarterly dividend of 78 cents per share, an 11% increase from the prior payout. Eli Lilly – Lilly said its experimental lung cancer drug LOXO-292 shrank tumors in almost 70%


The positions are all full time with benefits, and are unrelated to the usual yearly increase in holiday season hiring. Chipotle Mexican Grill – Wedbush upgraded the restaurant operator’s stock to “outperform” from “neutral,” and raised the price target by $200 to $980 per share. Royal Caribbean – Royal Caribbean declared a quarterly dividend of 78 cents per share, an 11% increase from the prior payout. Eli Lilly – Lilly said its experimental lung cancer drug LOXO-292 shrank tumors in almost 70%
Stocks making the biggest moves premarket: Amazon, E*Trade, Royal Caribbean, PG&E & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, pge, bank, upgraded, stock, premarket, share, digital, amazon, biggest, increase, wedbush, stocks, etrade, caribbean, moves, making, outperform, market, royal, lilly


Stocks making the biggest moves premarket: Amazon, E*Trade, Royal Caribbean, PG&E & more

Check out the companies making headlines before the bell:

AT&T – Elliott Management revealed a $3.2 billion stake in AT&T and sent a letter to the company’s board detailing a plan to improve AT&T’s operations and stock price. Elliott said its plan could lead to a share value of $60 or more by the end of 2021.

Amazon.com – Amazon is holding an “Amazon Career Day” in six cities on September 17, in an effort to fill more than 30,000 jobs by early next year. The positions are all full time with benefits, and are unrelated to the usual yearly increase in holiday season hiring.

E*Trade – The online brokerage’s stock was downgraded to “market perform” from “outperform” at Keefe, Bruyette, & Woods, based on the firm’s expectations for the federal funds rate and treasury yields.

Chipotle Mexican Grill – Wedbush upgraded the restaurant operator’s stock to “outperform” from “neutral,” and raised the price target by $200 to $980 per share. Wedbush thinks Chipotle is in position to establish a “digital moat” as the industry transitions to a larger mix of digital transactions.

Energizer Holdings – Bank of America/Merrill Lynch gave the shares a double upgrade, to “buy” from “underperform,” saying negative factors that it had previously highlighted were in the rear view mirror and that major risks are now known.

Royal Caribbean – Royal Caribbean declared a quarterly dividend of 78 cents per share, an 11% increase from the prior payout. The cruise line operator said the move reflected the company’s continuing efforts to increase shareholder returns. The stock is down almost 13% over the past 12 months although it has gained about 11% in 2019.

Eli Lilly – Lilly said its experimental lung cancer drug LOXO-292 shrank tumors in almost 70% of advanced lung cancer patients. The drug was acquired earlier this year when Lilly bought Loxo Oncology for $8 billion.

JP Morgan Chase – The bank is close to winning the lead advisory role for Saudi Aramco’s initial public offering, according to people with knowledge of the situation who spoke to CNBC.

PG&E – The utility was offered $2.5 billion by the city of San Francisco for its electrical lines serving the city. PG&E is trying to work its way out of bankruptcy, as it faces billions in liabilities for its role in a series of deadly California wildfires.

Boeing – Boeing suspended load testing for its new 777X aircraft, saying its team “encountered an issue.” Boeing did not specify the problem, but media reports said a cargo door failed a ground stress test. The load testing places stress on jets that are well above normal conditions.

HP Inc. – HP Inc. was downgraded to “market perform” from “outperform” at Bernstein, which said the computer and printer maker may face greater structural headwinds from the shift to digital communications.

Las Vegas Sands – The casino operator was upgraded to “buy” from “hold” at Deutsche Bank, which said bearish sentiment regarding the Macau gaming market has created an attractive entry point for medium to longer term investors.


Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, pge, bank, upgraded, stock, premarket, share, digital, amazon, biggest, increase, wedbush, stocks, etrade, caribbean, moves, making, outperform, market, royal, lilly


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KBW downgrades Bank of America, says Fed rate cuts will hit earnings

The 10-year yield hasn’t done this in 20 years, and it could be a… The yield on the U.S. 10-year Treasury hasn’t been this oversold since 1998, and that could mean rates are due for a lift, says Miller Tabak’s Matt Maley. Trading Nationread more


The 10-year yield hasn’t done this in 20 years, and it could be a… The yield on the U.S. 10-year Treasury hasn’t been this oversold since 1998, and that could mean rates are due for a lift, says Miller Tabak’s Matt Maley. Trading Nationread more
KBW downgrades Bank of America, says Fed rate cuts will hit earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-06  Authors: michael sheetz
Keywords: news, cnbc, companies, tabaks, bank, treasury, earnings, rates, nationread, mean, oversold, miller, matt, fed, kbw, yield, 10year, downgrades, america, cuts, hit, rate


KBW downgrades Bank of America, says Fed rate cuts will hit earnings

The 10-year yield hasn’t done this in 20 years, and it could be a…

The yield on the U.S. 10-year Treasury hasn’t been this oversold since 1998, and that could mean rates are due for a lift, says Miller Tabak’s Matt Maley.

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Company: cnbc, Activity: cnbc, Date: 2019-09-06  Authors: michael sheetz
Keywords: news, cnbc, companies, tabaks, bank, treasury, earnings, rates, nationread, mean, oversold, miller, matt, fed, kbw, yield, 10year, downgrades, america, cuts, hit, rate


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Here are the biggest analyst calls of the day: Beyond Meat, Bank of America, Kellogg & more

Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Davidson said its view does not reflect a negative view of the company or its ability to execute, but rather the size of the total addressable market and the number of frequent purchasers. “We think Beyond Meat has achieved a significant breakthrough which legitimizes a nascent segment (plant based meat) within a $1.4T category; our thesis does not reflect a negative view of the


Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Davidson said its view does not reflect a negative view of the company or its ability to execute, but rather the size of the total addressable market and the number of frequent purchasers. “We think Beyond Meat has achieved a significant breakthrough which legitimizes a nascent segment (plant based meat) within a $1.4T category; our thesis does not reflect a negative view of the
Here are the biggest analyst calls of the day: Beyond Meat, Bank of America, Kellogg & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-06  Authors: michael bloom
Keywords: news, cnbc, companies, view, number, america, kellogg, bank, total, negative, biggest, analyst, does, day, calls, plant, execute, reflect, meat, frequent


Here are the biggest analyst calls of the day: Beyond Meat, Bank of America, Kellogg & more

Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City.

D.A. Davidson said its view does not reflect a negative view of the company or its ability to execute, but rather the size of the total addressable market and the number of frequent purchasers.

“We think Beyond Meat has achieved a significant breakthrough which legitimizes a nascent segment (plant based meat) within a $1.4T category; our thesis does not reflect a negative view of the company, the quality of its portfolio, or its ability to execute. Rather, our cautious approach to the total addressable market—specifically, fewer likely frequent purchasers of plant based meat as compared to milk given roughly half the number of non meat eaters versus lactose intolerant—informs long term forecasts we believe are lower than the consensus view.”

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Company: cnbc, Activity: cnbc, Date: 2019-09-06  Authors: michael bloom
Keywords: news, cnbc, companies, view, number, america, kellogg, bank, total, negative, biggest, analyst, does, day, calls, plant, execute, reflect, meat, frequent


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