Treasury yields rise as earnings and abating virus fears boost risk-on trades

U.S. government debt prices were lower on Wednesday morning as investors flocked back into risk assets, after China unveiled measures to rein in the spread of a deadly virus . ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.7778%, while the yield on the 30-year Treasury bond rose to 2.2351%. The outbreak of a new strain of coronavirus in China’s Wuhan region sent Treasury yields to a two-week low on Tuesday, with experts calling back t


U.S. government debt prices were lower on Wednesday morning as investors flocked back into risk assets, after China unveiled measures to rein in the spread of a deadly virus .
ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.7778%, while the yield on the 30-year Treasury bond rose to 2.2351%.
The outbreak of a new strain of coronavirus in China’s Wuhan region sent Treasury yields to a two-week low on Tuesday, with experts calling back t
Treasury yields rise as earnings and abating virus fears boost risk-on trades Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: elliot smith
Keywords: news, cnbc, companies, yields, riskon, treasury, earnings, investors, china, wuhan, rise, measures, abating, risk, boost, yield, virus, trades, sent, fears


Treasury yields rise as earnings and abating virus fears boost risk-on trades

U.S. government debt prices were lower on Wednesday morning as investors flocked back into risk assets, after China unveiled measures to rein in the spread of a deadly virus .

At around 5:00 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.7778%, while the yield on the 30-year Treasury bond rose to 2.2351%.

The outbreak of a new strain of coronavirus in China’s Wuhan region sent Treasury yields to a two-week low on Tuesday, with experts calling back the economic fallout from the Severe Acute Respiratory Syndrome (SARS) crisis in 2003. Fears of a global pandemic sent investors running for safety and saw stock markets tumble.

However, China on Wednesday announced sweeping measures to contain the virus, which has killed nine people and infected more than 400. A first U.S. case was confirmed Tuesday in Washington State, but health officials have said the affected individual “poses little risk” to the public.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: elliot smith
Keywords: news, cnbc, companies, yields, riskon, treasury, earnings, investors, china, wuhan, rise, measures, abating, risk, boost, yield, virus, trades, sent, fears


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Both Biden and Sanders want to boost Social Security benefits. So why are they fighting on the issue?

Top Democratic presidential candidates all want to boost Social Security benefits. On Wednesday, Biden denied he would cut Social Security benefits if he wins the White House, in an interview on MSNBC’s “Morning Joe.” But Sanders’ campaign has questioned Biden’s record because he has called for cuts to the program in the past. Both Biden and Sanders have outlined measures to expand, not cut, benefits as part of their 2020 presidential campaign platforms. Meanwhile, Sanders calls for giving $1,30


Top Democratic presidential candidates all want to boost Social Security benefits.
On Wednesday, Biden denied he would cut Social Security benefits if he wins the White House, in an interview on MSNBC’s “Morning Joe.”
But Sanders’ campaign has questioned Biden’s record because he has called for cuts to the program in the past.
Both Biden and Sanders have outlined measures to expand, not cut, benefits as part of their 2020 presidential campaign platforms.
Meanwhile, Sanders calls for giving $1,30
Both Biden and Sanders want to boost Social Security benefits. So why are they fighting on the issue? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: lorie konish
Keywords: news, cnbc, companies, boost, fighting, biden, benefit, sanders, issue, presidential, security, social, benefits, calls, campaign, candidates


Both Biden and Sanders want to boost Social Security benefits. So why are they fighting on the issue?

Former Vice President Joe Biden (L) greets Sen. Bernie Sanders (I-VT) before the Democratic presidential primary debate at Drake University on January 14, 2020 in Des Moines, Iowa.

Top Democratic presidential candidates all want to boost Social Security benefits.

But two of the candidates — Sen. Bernie Sanders (I-Vt.) and former vice president Joe Biden — have come to figurative blows over this very issue.

The crux of the argument: whether Biden has fought to protect or previously backed cuts to the program.

On Wednesday, Biden denied he would cut Social Security benefits if he wins the White House, in an interview on MSNBC’s “Morning Joe.”

But Sanders’ campaign has questioned Biden’s record because he has called for cuts to the program in the past. In response, Biden and his campaign have accused Sanders’ team of misrepresenting recent comments and even doctoring a recent video.

Both Biden and Sanders have outlined measures to expand, not cut, benefits as part of their 2020 presidential campaign platforms.

Both candidates also call for raising Social Security payroll taxes from their current $137,700 cap in order to get more money into the program.

That would pave the way for benefit increases, which both candidates back. Their plans, however, differ.

Biden calls for increasing benefits for those who have been receiving retirement checks for at least 20 years, as well as for widows and widowers. His plan also would set a new minimum benefit, so that workers who have paid into the system for at least 30 years would get a benefit equal to at least 125% of the federal poverty level.

Meanwhile, Sanders calls for giving $1,300 more per year to seniors with incomes of $16,000 or less. His plan also calls for raising benefits for low-income workers as well as higher annual cost-of-living adjustments.

Despite those seemingly compatible goals, the two candidates are at odds.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: lorie konish
Keywords: news, cnbc, companies, boost, fighting, biden, benefit, sanders, issue, presidential, security, social, benefits, calls, campaign, candidates


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Carlyle’s David Rubenstein: Trump ‘policies seem to be working’ to boost the US economy

Policies implemented under the Trump administration seem to be boosting the U.S. economy, private equity billionaire David Rubenstein said on CNBC on Tuesday. “Some of these policies seem to be working,” The Carlyle Group co-founder told “Squawk Box” from the World Economic Forum in Davos, Switzerland, without getting specific. “There’s some bragging about the economy, but the economy is in really good shape,” said Rubenstein, whose Carlyle has $222 billion of assets under management. Rubenstein


Policies implemented under the Trump administration seem to be boosting the U.S. economy, private equity billionaire David Rubenstein said on CNBC on Tuesday.
“Some of these policies seem to be working,” The Carlyle Group co-founder told “Squawk Box” from the World Economic Forum in Davos, Switzerland, without getting specific.
“There’s some bragging about the economy, but the economy is in really good shape,” said Rubenstein, whose Carlyle has $222 billion of assets under management.
Rubenstein
Carlyle’s David Rubenstein: Trump ‘policies seem to be working’ to boost the US economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, carlyles, rubenstein, working, trump, economy, economic, social, washington, trade, policies, told, squawk, david, shape, boost


Carlyle's David Rubenstein: Trump 'policies seem to be working' to boost the US economy

Policies implemented under the Trump administration seem to be boosting the U.S. economy, private equity billionaire David Rubenstein said on CNBC on Tuesday.

“Some of these policies seem to be working,” The Carlyle Group co-founder told “Squawk Box” from the World Economic Forum in Davos, Switzerland, without getting specific.

Rubenstein was addressing questions about the optimism from White House economic advisor Larry Kudlow, who told “Squawk Box” earlier from Davos that he expects U.S. economic growth to top 3% this year.

“There’s some bragging about the economy, but the economy is in really good shape,” said Rubenstein, whose Carlyle has $222 billion of assets under management. “Who would have predicted a year ago that we’d be here today?”

Rubenstein pointed to signs of a stronger economy ahead, including low unemployment, historically low interest rates and continued optimism around U.S.-China trade relations. He added that concerns about a global economic recession, which were building last year before the “phase one” trade deal between Washington and Beijing, are dissipating.

The economy is in “reasonably good shape,” Rubenstein said. But he argued that it could “always be better, could always be fairer.”

As areas of improvement, he started by pointing out that the federal budget deficit could be lower. Recent figures showed the U.S. government was on track for its first fiscal year shortfall of over $1 trillion in about seven years. He also cited income inequality, lack of social mobility and concerns about whether entitlements like Medicare and Social Security will be there for futures generations.

Rubenstein, a major philanthropist, is one of the signatories to the Giving Pledge, which was created by Bill Gates and his wife Melinda Gates and Warren Buffett to get the ultra-wealthy to give away more than half of their fortunes to charity. Rubenstein, for example, matched federal funding of $7.5 million to expedite the renovation of the Washington Monument after damage from a rare D.C.-area quake in August 2011.

Earlier in his career, Rubenstein donated to both Democratic and Republican candidates and causes. But he has not made a political contribution in more than a decade.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, carlyles, rubenstein, working, trump, economy, economic, social, washington, trade, policies, told, squawk, david, shape, boost


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4 creative ways to enhance your daily planner and boost productivity

If you’re looking for a fun, easy strategy to help you stay on track, try coming up with creative ways to organize your daily planner. Here are a few tips to help you jazz up your planner and boost your productivity. Create a section for creativityYou want to motivate yourself to look at your planner at least once a day to make sure you’re on task. These might include work-related tasks, household chores, monthly bills, extracurricular activities, or gym sessions, and assign a color to each. Tha


If you’re looking for a fun, easy strategy to help you stay on track, try coming up with creative ways to organize your daily planner.
Here are a few tips to help you jazz up your planner and boost your productivity.
Create a section for creativityYou want to motivate yourself to look at your planner at least once a day to make sure you’re on task.
These might include work-related tasks, household chores, monthly bills, extracurricular activities, or gym sessions, and assign a color to each.
Tha
4 creative ways to enhance your daily planner and boost productivity Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: ivana pino, brooke frizzell
Keywords: news, cnbc, companies, enhance, youre, tasks, word, ways, week, creative, boost, help, goals, day, way, planner, daily, productivity, space


4 creative ways to enhance your daily planner and boost productivity

Staying motivated to meet your goals can be challenging. If you’re looking for a fun, easy strategy to help you stay on track, try coming up with creative ways to organize your daily planner. Some members of the #plannercommunity, which has over 3 million posts on Instagram, like to deck out their daily planners with pops of color, stickers, and more. Putting extra effort into your planner is more than a fun, crafty project. Writing your goals down and adding some flare to the planning process can help you visualize those smaller tasks and bigger goals for the week, making you more organized and productive in the long run. “This helps you carve out what’s important,” Chris Bailey, author of “Hyperfocus: How to Manage Attention in a World of Distraction,” told Grow last year. “You can decide what needs to get done instead of responding to what’s urgent.” Here are a few tips to help you jazz up your planner and boost your productivity.

1. Create a section for creativity

You want to motivate yourself to look at your planner at least once a day to make sure you’re on task. So find a way to make it fun. Before you write down your to-dos, take a few minutes to create a space to jot down what you’re grateful for each day. “A lot of times, I’ll create a section in my planner for me to write down what I’m thankful for that day so that I can continue to practice having gratitude each day,” says Kelly Smith of Freedom In A Budget. If your creativity comes out in images, use that space to doodle. Taking a few minutes to use that space for creativity or reflection can help you feel more refreshed, renewed, and ready to take on the day. And if your planner makes you feel uplifted, you’re more likely to check it.

2. Pick a word or motto for the week

When you’re planning out your week, think of an inspiring quote, or even a single word, that you want to define it. Your word or phrase might be “adventurous” or “try new things,” anything that inspires you to meet the challenges you’ll face in a given week. When you’ve hit a rough spot in your week, or when you don’t feel like completing the tasks in your planner, refer back to this quote and remind yourself of what you hope to accomplish.

3. Throw in pops of color

“I usually use a color coding system, which probably wouldn’t work for everyone’s brain, but it does for mine, and it’s a way to keep me organized, while still making the process enjoyable,” says Allison Strickland, the blogger behind Financial Flamingo. Think of a few different categories of tasks that you complete regularly. These might include work-related tasks, household chores, monthly bills, extracurricular activities, or gym sessions, and assign a color to each. That way, a quick glance at your planner will tell you what your day will look like.

4. Keep it simple if that’s what motivates you


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: ivana pino, brooke frizzell
Keywords: news, cnbc, companies, enhance, youre, tasks, word, ways, week, creative, boost, help, goals, day, way, planner, daily, productivity, space


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Beijing cracking down on IP theft could boost investment in China, former US negotiator says

He explained that the trade agreement’s provisions to protect intellectual property would make a difference for many of the companies doing business in China. They’re going to have due process for the judicial proceedings. It calls for China to submit an “Action Plan to strengthen intellectual property protection” within 30 days of the agreement taking effect. I’ll also make the point, this is going for China,” Willems said. Ultimately, “better intellectual property protection means more investm


He explained that the trade agreement’s provisions to protect intellectual property would make a difference for many of the companies doing business in China.
They’re going to have due process for the judicial proceedings.
It calls for China to submit an “Action Plan to strengthen intellectual property protection” within 30 days of the agreement taking effect.
I’ll also make the point, this is going for China,” Willems said.
Ultimately, “better intellectual property protection means more investm
Beijing cracking down on IP theft could boost investment in China, former US negotiator says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, investment, property, trade, willems, boost, theyre, theft, white, negotiator, intellectual, going, beijing, china, cracking, agreement


Beijing cracking down on IP theft could boost investment in China, former US negotiator says

President Donald Trump, with (L-R) Vice President Mike Pence, Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, speaks during a press conference with Chinas Vice Premier Liu He(not shown), the countrys top trade negotiator, before they sign a trade agreement between the US and China during a ceremony in the East Room of the White House in Washington, DC on January 15, 2020.

If Beijing cracks down hard on intellectual property thefts, it would not only boost the U.S. economy but it would also be good for China, according to a former top White House trade official.

Taking steps to protect trade secrets of foreign businesses operating in the world’s second-largest economy was part of the “phase one” trade deal that U.S. President Donald Trump signed with China on Wednesday.

“To me, the most significant part of this (deal) was what the U.S. was able to achieve on intellectual property,” Clete Willems, a partner at law firm Akin Gump, told CNBC’s “Squawk Box” on Thursday. “Trade secrets theft has been a long-time concern for U.S. businesses, and businesses around the world.”

Willems was previously the deputy director of the National Economic Council and served as the lead trade negotiator for the United States at multilateral summits like the G-7 and G-20.

He explained that the trade agreement’s provisions to protect intellectual property would make a difference for many of the companies doing business in China. “They’re going to have criminal penalties. They’re going to have due process for the judicial proceedings. They’re going to apply those penalties broader than they did in the past,” Willems said, adding there are provisions about pharmaceutical patents and counterfeit goods in the trade pact.

Wednesday’s agreement takes steps to root out several practices by Beijing that has irked the White House and members of Congress from both parties, including intellectual property theft and forced technology transfers from U.S. firms in exchange for Chinese market access.

It calls for China to submit an “Action Plan to strengthen intellectual property protection” within 30 days of the agreement taking effect. The proposal would include “measures that China will take to implement its obligations” and “the date by which each measure will go into effect.” (Read the full agreement here)

Part of the deal also details a $200 billion increase in Beijing’s purchases of U.S. goods over two years as well as commitment from Beijing to allow companies to operate without “any force or pressure” to hand over their technology — that, along with the trade secrets protection provisions, are likely to have ramifications for the U.S. tech sector, where firms want market access in China but are also suspicious over how government officials can access private data stored there.

“If you put it all together, it is going to be a big boost for the U.S. economy. I’ll also make the point, this is going for China,” Willems said. “This really empowers those in China that want to reform their system, want to make it more market-oriented and help them move down that path.”

Ultimately, “better intellectual property protection means more investment in China,” he added.

Still, some experts have expressed concerns about how the U.S. would ensure China keeps up with its commitments. Willems said the promise of further reduction in U.S. tariffs in the second phase of the trade agreement would likely be an incentive for Beijing to “faithfully implement this agreement.”

Another option for Washington would be to convince allies to work with the U.S. to enforce the agreement in a multilateral system to make it more sustainable and prevent Beijing from backsliding from its commitments, according to Willems.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, investment, property, trade, willems, boost, theyre, theft, white, negotiator, intellectual, going, beijing, china, cracking, agreement


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China-US phase one deal could give Hong Kong’s port a much-needed boost

Aerial view of the Hong Kong Container Terminals and the Stonecutters Bridge with the back ground of the Hong Kong island. We’ll be able to plan better and we’ll be able to bring more volume back to Hong Kong.” The Port of Hong Kong was the world’s busiest container port by volume in 2004, according to the Hong Kong Port and Maritime Board. According to the World Shipping Council, Hong Kong Port was the seventh largest in the world in 2018. “There is very little exported from here that is manufa


Aerial view of the Hong Kong Container Terminals and the Stonecutters Bridge with the back ground of the Hong Kong island.
We’ll be able to plan better and we’ll be able to bring more volume back to Hong Kong.”
The Port of Hong Kong was the world’s busiest container port by volume in 2004, according to the Hong Kong Port and Maritime Board.
According to the World Shipping Council, Hong Kong Port was the seventh largest in the world in 2018.
“There is very little exported from here that is manufa
China-US phase one deal could give Hong Kong’s port a much-needed boost Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: grace shao
Keywords: news, cnbc, companies, chinaus, muchneeded, boost, hong, world, according, port, levesque, kong, deal, phase, business, container, china, kongs


China-US phase one deal could give Hong Kong's port a much-needed boost

Aerial view of the Hong Kong Container Terminals and the Stonecutters Bridge with the back ground of the Hong Kong island. Geovien So | SOPA Images | LightRocket | Getty Images

The port of Hong Kong, once the world’s busiest, could get a boost after the phase one trade deal between the U.S. and China is signed, according to the managing director of Modern Terminals. The ambiguity brought on by the trade dispute between China and the U.S. in the last two years has created a lot of uncertainty for businesses, particularly for the port business, said Peter Levesque of Modern Terminals — the second largest container terminal operator in Hong Kong. He added that he hopes both sides can get this initial deal implemented. “It’s almost impossible to put a game plan together when the goal post is moving almost daily,” Levesque told CNBC’s “Squawk Box” on Wednesday. “So we hope that through phase one agreement that we’ll be able to get a lot more certainty around what the future looks like. We’ll be able to plan better and we’ll be able to bring more volume back to Hong Kong.”

Shanghai overtakes Hong Kong as busiest port

Levesque, who has been a resident of Hong Kong for 25 years, said he witnessed the the territory’s handover to China in 1997, as well as China’s rapid economic growth. The Port of Hong Kong was the world’s busiest container port by volume in 2004, according to the Hong Kong Port and Maritime Board. But it has since been overtaken by others in the region — a worrying trend as the port business is one of the key drivers of Hong Kong’s economy. According to the World Shipping Council, Hong Kong Port was the seventh largest in the world in 2018. Four mainland Chinese ports — Shanghai, Ningbo-Zhousan, Shenzhen, Guangzhou — were among the top 5 world container ports by volume in the world that year.

Hopefully both sides can step back … and hopefully we can get there without having any miscommunications and misunderstandings that set us back again. Peter Levesque managing director of Modern Terminals

Hong Kong’s port activities are mostly made up of transshipment businesses, and only about 14% to 15% of that business is trans-pacific to the United States, according to Levesque. “There is very little exported from here that is manufactured in Hong Kong. We’re taking business, we’re moving shipments through China, through Hong Kong to the rest of the world. And then in the opposite direction, through Hong Kong back into China,” he said. Hong Kong’s economy entered a technical recession in the third quarter of 2019, and contracted by 3.2% quarter-on-quarter in real terms, after declining by 0.5% in the preceding quarter. “When China and the United States aren’t agreeing with each other, it actually affects all markets. And that’s just something we hope to rebound with the implementation of phase one,” Levesque added.

Impact of phase one trade deal

“China agreeing to buy another $200 billion worth of goods and services from the United States, and I think more importantly, addressing the issues around IP (intellectual property) protection and forced technology transfer and opening up markets more for financial industry and the insurance industry — those are major positive steps. And the U.S. side then coming back and lowering tariffs,” Levesque said. “Hopefully both sides can step back and take a deep breath and get this phase one into implementation and hopefully we can get there without having any miscommunications and misunderstandings that set us back again,” he said.


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: grace shao
Keywords: news, cnbc, companies, chinaus, muchneeded, boost, hong, world, according, port, levesque, kong, deal, phase, business, container, china, kongs


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Phase one trade deal should boost 2020 profits, Invesco’s Kristina Hooper predicts

Invesco’s Kristina Hooper expects a majority of multinational companies to turn more optimistic this earnings season. The firm’s chief global market strategist cites the easing of the U.S.-China trade war threat as a major catalyst. Hooper believes a trade deal will bring back capital expenditure spending plans as companies revert to a calmer global environment. “It’ll be important to hear from companies confirming that assumption — saying that they do feel better about the outlook given that si


Invesco’s Kristina Hooper expects a majority of multinational companies to turn more optimistic this earnings season.
The firm’s chief global market strategist cites the easing of the U.S.-China trade war threat as a major catalyst.
Hooper believes a trade deal will bring back capital expenditure spending plans as companies revert to a calmer global environment.
“It’ll be important to hear from companies confirming that assumption — saying that they do feel better about the outlook given that si
Phase one trade deal should boost 2020 profits, Invesco’s Kristina Hooper predicts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: stephanie landsman
Keywords: news, cnbc, companies, predicts, phase, 2020, kristina, profits, uschina, hear, trade, earnings, important, deal, hooper, boost, invescos, global, companies, outlook


Phase one trade deal should boost 2020 profits, Invesco's Kristina Hooper predicts

Invesco’s Kristina Hooper expects a majority of multinational companies to turn more optimistic this earnings season.

The firm’s chief global market strategist cites the easing of the U.S.-China trade war threat as a major catalyst.

Hooper believes a trade deal will bring back capital expenditure spending plans as companies revert to a calmer global environment.

“What’s most important to me is to hear about guidance for the future. What is the outlook for the rest of this year, and in particular, what I want to hear most about is business confidence,” she told CNBC’s “Trading Nation” on Tuesday. “It’ll be important to hear from companies confirming that assumption — saying that they do feel better about the outlook given that signing of the ‘phase one’ trade deal.”

The U.S. and China are expected to sign it on Wednesday. According to Hooper, it’s a key development that will boost corporate profits even though there’s still a lot of work left to do.

“It is not actually a momentous deal. Many of the most important issues haven’t been tackled in phase one,” she said. “But it is extremely important from a psychological perspective because it does remove a very significant amount of uncertainty and suggests that we won’t see any further escalation in the trade war.”

Despite the progress, Hooper predicts most companies will only slightly beat or meet estimates during fourth-quarter earnings season, which just started on Tuesday.

“I wouldn’t expect blockbuster results,” added Hooper.

But with U.S.-China tensions subsiding and an easy Federal Reserve policy, she feels it’s enough to keep stocks on firm ground.

Hooper’s S&P 500 year-end forecast calls for high single percentage growth. So far this year, the index is up almost 2%.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: stephanie landsman
Keywords: news, cnbc, companies, predicts, phase, 2020, kristina, profits, uschina, hear, trade, earnings, important, deal, hooper, boost, invescos, global, companies, outlook


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JP Morgan kicks off bank earnings Tuesday with a boost from trading, but all eyes are on forecast

Big U.S. banks J.P. Morgan Chase, Bank of America and Citigroup will benefit from a rebound in trading revenue in the fourth quarter, but that might matter less than what executives say about this year’s guidance. Last month, executives at the three banks all cited increased trading results in the final three months of 2019. The rebound comes from banks’ fixed-income trading operations, projected to rise 25% on average, versus a 3% bump in stock trading revenue, KBW analyst Brian Kleinhanzl wrot


Big U.S. banks J.P. Morgan Chase, Bank of America and Citigroup will benefit from a rebound in trading revenue in the fourth quarter, but that might matter less than what executives say about this year’s guidance.
Last month, executives at the three banks all cited increased trading results in the final three months of 2019.
The rebound comes from banks’ fixed-income trading operations, projected to rise 25% on average, versus a 3% bump in stock trading revenue, KBW analyst Brian Kleinhanzl wrot
JP Morgan kicks off bank earnings Tuesday with a boost from trading, but all eyes are on forecast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: hugh son
Keywords: news, cnbc, companies, sachs, banks, earnings, eyes, kicks, interest, bank, results, forecast, trading, boost, analysts, revenue, america, morgan


JP Morgan kicks off bank earnings Tuesday with a boost from trading, but all eyes are on forecast

Pedestrians pass in front of a JPMorgan Chase & Co. bank branch in New York.

Big U.S. banks J.P. Morgan Chase, Bank of America and Citigroup will benefit from a rebound in trading revenue in the fourth quarter, but that might matter less than what executives say about this year’s guidance.

Last month, executives at the three banks all cited increased trading results in the final three months of 2019. J.P. Morgan CFO Jennifer Piepszak said trading would be “meaningfully” higher versus a year ago, while Citigroup CFO Make Mason said it would rise by a percentage “in the high teens.” Bank of America CEO Brian Moynihan said markets revenue would be 7% to 8% higher than a year earlier.

The rebound comes from banks’ fixed-income trading operations, projected to rise 25% on average, versus a 3% bump in stock trading revenue, KBW analyst Brian Kleinhanzl wrote last month.

J.P. Morgan, Citi and Wells Fargo will release results Tuesday morning, while Goldman Sachs and Bank of America will post on Wednesday, and Morgan Stanley on Thursday.

Bank stocks finished 2019 on a tear, outpacing the broader stock market in the fourth quarter as investors rushed into an under-owned sector. The biggest U.S. banks climbed more than 30% on average last year, exceeding the gain of the Standard & Poor’s 500.

But banks may face pressure this year as interest rates stay low or are even slashed further. The Federal Reserve cut its benchmark rates for the third time in October, and that pressures net interest income, or the revenue that banks garner from collecting loan payments, minus the interest it pays to depositors.

So it makes sense that analysts and investors are keen to hear management give guidance for 2020, particularly on net interest income and the impact of rates, as well as about expenses and loan growth.

“We expect the 2020 outlooks to garner more attention than actual results,” Barclays analyst Jason Goldberg said in a research note this week.

In fact, new guidance is expected from Goldman Sachs as it nears its first-ever investor day this month and CEO David Solomon explains the results of his year-long internal review. And new Wells Fargo CEO Charles Scharf will address analysts for his first earnings report and may speak about the strategic review he has undertaken.

With that looming over lenders, analysts have been busy cutting their recommendations on big banks whose shares have outperformed last year, including J.P. Morgan, Bank of America and Citigroup. Several analysts upgraded Goldman Sachs on its reasonable valuation, the potential settlement of its 1MDB scandal with the U.S. government and its growth initiatives.

The fourth quarter is typically when banks announce unexpected charges or expenses, Goldberg noted. Banks may also begin grappling with a new accounting rule called credit loss accounting that may result in one-time hits to reserves.


Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: hugh son
Keywords: news, cnbc, companies, sachs, banks, earnings, eyes, kicks, interest, bank, results, forecast, trading, boost, analysts, revenue, america, morgan


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Health-care companies use technology and data to boost primary care services

“Primary care needs to be moved to this kind of empowered care, and not just engagement.” Virtual primary care plansSome of the newest primary care models won’t be relying on physical locations at all. Just like urgent care clinic providers, telehealth services are trying to get into the business of more long-term services with virtual primary care. It is offering a virtual primary care employer plan with insurer Humana, and has also partnered with Walmart on a new video-based primary care servi


“Primary care needs to be moved to this kind of empowered care, and not just engagement.”
Virtual primary care plansSome of the newest primary care models won’t be relying on physical locations at all.
Just like urgent care clinic providers, telehealth services are trying to get into the business of more long-term services with virtual primary care.
It is offering a virtual primary care employer plan with insurer Humana, and has also partnered with Walmart on a new video-based primary care servi
Health-care companies use technology and data to boost primary care services Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: bertha coombs
Keywords: news, cnbc, companies, technology, healthcare, health, primary, virtual, plans, companies, boost, medical, think, ceo, care, access, services, data


Health-care companies use technology and data to boost primary care services

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In baseball, high-salaried home run sluggers have always gotten the glory. The equivalent in health-care may be high-priced drugs and medical specialties that help save lives in critical cases. But 20 years ago, there was a big shift baseball. Leveraging data analytics, the Oakland A’s found success with undervalued players, who reliably hit singles and doubles to rack up runs. Chronicled in Michael Lewis’ “Moneyball,” their story ushered in a new era in the game. Health-care may be looking at its own Moneyball moment. From venture-backed start-ups to drug store retailers, there is a big push this year to use technology and data to supercharge the less glamorous side of the industry — physician-centered primary care. “Our sense is the primary care physician or group, being the navigator for the health care system is, is where they’re trying to move the models,” said Susan DeVore, CEO of Premier, a health care consulting firm. It’s not a new concept, by any means. But unlike the old Health Maintenance Organizations, or HMO plans, of the 1990s which made doctors gatekeepers for obtaining coverage, the new primary care services aim to give consumers easier access to their doctors and reward general practioners for keeping patients healthier. “I think there are a lot of things different today than what existed in in the 1990s that would really create an environment that’s more conducive for technology-enabled primary care,” DeVore said.

Primary care unicorn

One Medical could be the poster child in 2020. The tech-enabled primary care provider filed to go public last week. Its membership plans give patients same-day office visits and 24-hour telehealth access to primary care doctors for $199 a year. Since launching in the Bay Area in 2007, One Medical has paired with physician groups and hospitals in more than nine major metropolitan areas including New York, Seattle and Los Angeles and counts more than 4,000 employers who have offered their workers memberships to the One Medical service. But the competition in both the consumer and employer health markets is ramping up from start-up rivals and large health care incumbents, who are looking to leverage primary care.

Retail giants to expand

CVS Health launched its new Health Hub model in Houston last year, and plans to roll out 1,500 new enhanced in-store clinics over the next 24 months, offer check-ups, testing services, and nutritional and health counseling. While the drugstore giant says it’s not trying to compete with primary care physicians, it does aim to engage patients who need care for chronic conditions. “There is a tremendous amount of focus on access — and we certainly agree that Americans should have access to care. I don’t think there’s nearly enough focus today on outcomes,” said CVS Health CEO Larry Merlo, adding “we think that what we’re building out can make a meaningful difference in terms of engaging consumers around their health.” Walmart, which already operates one of the nation’s largest pharmacies, has set its sights on low-cost primary care in its stores. Its Care Clinics now offer doctor visits, lab and x-ray services in Georgia, Texas and South Carolina. The retailer plans to roll more expanded care modeled after its flagship clinic in Dallas, Georgia, which also offers dental and counseling services, as well as fitness with Tivity Health’s Silver Sneakers Program. “I think what Walmart is doing is empowering … seniors and the young to have a more holistic approach” to their health, by making access easy, said Dr. Donato Tramuto, Tivity Health CEO. “Primary care needs to be moved to this kind of empowered care, and not just engagement.” For retailers, the move is a natural extension of the urgent care services they’ve built out over the last decade. But the leader of the nation’s largest doctor’s organization isn’t sure retail is the best setting for true primary care. “In our view, case management and care for multiple chronic diseases really requires a consistent source of care from a physician who has the necessary medical training and really knows the patient,” said Dr. Patrice Harris, president of the American Medical Association, adding “these clinics can serve to supplement a regular source of care, but they should not be relied upon for all of a patient’s primary care needs.”

Virtual primary care plans

Some of the newest primary care models won’t be relying on physical locations at all. Just like urgent care clinic providers, telehealth services are trying to get into the business of more long-term services with virtual primary care. Doctor on Demand has built out a primary platform called Synapse. It is offering a virtual primary care employer plan with insurer Humana, and has also partnered with Walmart on a new video-based primary care service that the retailer is offering workers in Colorado, Minnesota and Wisconsin. “It’s a much higher level of service. You’re automatically assigned a virtual PCP that stays with you. And we have a virtual care team that works around (the doctor) — nurses and pharmacists and dietitians and all sorts of non-provider types to work as a team,” explained Hill Ferguson, Doctor on Demand CEO. For now, the focus of the virtual providers is on employer plans which have more flexibility on reimbursement contracts, but analysts say health systems are also exploring how to partner on new types of virtual primary services for individual consumers. The premise is that the convenience will appeal to younger workers, who often don’t have a relationship with primary care physicians. But a big test for the new plans will be how workers react if they’re pushed toward virtual-first treatment. “Many of the larger employers are willing to pilot some new innovations that will improve the health of their employees. I think that’s the good of the focus of employers,” said Dr. Craig Samitt, Blue Cross Minnesota CEO, but he adds “employees are also seeking to preserve their choice as much as possible,” he notes.

Virtual and onsite care


Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: bertha coombs
Keywords: news, cnbc, companies, technology, healthcare, health, primary, virtual, plans, companies, boost, medical, think, ceo, care, access, services, data


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After you ace a job interview, one easy move can boost your chances of getting hired

If you’re one of the lucky few who lands an interview, career experts say there’s one simple thing you can do to stand out from your fellow candidates. “Throughout the entire job search process, your main goal should be differentiation, and interviewing is no different,” says career strategist Jena Viviano. Here’s how to write a stand-out thank you note that can help you land your next job. Thank everyone individuallyDon’t just send one thank you note, says Burkholder. That could include a note


If you’re one of the lucky few who lands an interview, career experts say there’s one simple thing you can do to stand out from your fellow candidates.
“Throughout the entire job search process, your main goal should be differentiation, and interviewing is no different,” says career strategist Jena Viviano.
Here’s how to write a stand-out thank you note that can help you land your next job.
Thank everyone individuallyDon’t just send one thank you note, says Burkholder.
That could include a note
After you ace a job interview, one easy move can boost your chances of getting hired Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-08  Authors: sofia pitt
Keywords: news, cnbc, companies, boost, ace, easy, write, viviano, career, job, send, note, chances, thank, interview, getting, hired, million, meeting


After you ace a job interview, one easy move can boost your chances of getting hired

On average, a job opening in the U.S. attracts 250 applications, but only four or five candidates from that pool are offered the chance to interview, according to Jobvite’s 2019 recruiting benchmark report, which analyzed data from 10 million applications and 50 million job seekers. If you’re one of the lucky few who lands an interview, career experts say there’s one simple thing you can do to stand out from your fellow candidates. Hand-write a thank you note and mail it. Some hiring managers won’t even consider you without one. “Throughout the entire job search process, your main goal should be differentiation, and interviewing is no different,” says career strategist Jena Viviano. “So, in this digital age, taking the time to pick out a card, write a thoughtful message, and send it in the mail sets you apart from your competition.” Here’s how to write a stand-out thank you note that can help you land your next job.

Write personal notes

Do more than offer a generic “thanks for meeting with me.” A thank you note is another great opportunity for you to market yourself, and it can provide you with another chance to convey your enthusiasm for the role, says Kori Burkholder, a career transition coach. She suggests including a solution to a problem that was addressed in the interview, “or show off an idea that may have popped into your mind after.” If a part of the conversation was memorable, call it out, Viviano advises. “Recall something you and the interviewer talked about that will help them remember you better.”

Thank everyone individually

Don’t just send one thank you note, says Burkholder. “You should send one to each person you interviewed with and anyone else who may have gone the extra mile for you.” That could include a note to the secretary who helped coordinate the interview or your potential new boss’s assistant, she says. “Imagine them all being in a meeting after receiving your thank you card. That could spark a conversation about you, which could be a very good thing.”

Video by Courtney Stith

Act fast


Company: cnbc, Activity: cnbc, Date: 2020-01-08  Authors: sofia pitt
Keywords: news, cnbc, companies, boost, ace, easy, write, viviano, career, job, send, note, chances, thank, interview, getting, hired, million, meeting


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