It would be a ‘mistake’ for the US to start a trade war with the EU, says former ambassador

We should be working with the EU more: Former US ambassador 12 Hours Ago | 03:17With the U.S. and China seemingly nearing the conclusion of a trade deal, many experts have predicted that Washington could next turn up tensions with the European Union. But it would be a mistake if the Trump administration decided to impose additional tariffs on European products because of such differences, according to Anthony Gardner, who served as American ambassador to the EU from 2014 to 2017. “That would be


We should be working with the EU more: Former US ambassador 12 Hours Ago | 03:17With the U.S. and China seemingly nearing the conclusion of a trade deal, many experts have predicted that Washington could next turn up tensions with the European Union. But it would be a mistake if the Trump administration decided to impose additional tariffs on European products because of such differences, according to Anthony Gardner, who served as American ambassador to the EU from 2014 to 2017. “That would be
It would be a ‘mistake’ for the US to start a trade war with the EU, says former ambassador Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: yen nee lee
Keywords: news, cnbc, companies, mistake, gardner, ambassador, european, trump, start, eu, war, washington, concerns, trade, huawei, 5g


It would be a 'mistake' for the US to start a trade war with the EU, says former ambassador

We should be working with the EU more: Former US ambassador 12 Hours Ago | 03:17

With the U.S. and China seemingly nearing the conclusion of a trade deal, many experts have predicted that Washington could next turn up tensions with the European Union.

Those worries came as the U.S. and some of its European allies recently clashed on issues such as Huawei’s role in 5G development — something the administration of President Donald Trump considered contentious.

But it would be a mistake if the Trump administration decided to impose additional tariffs on European products because of such differences, according to Anthony Gardner, who served as American ambassador to the EU from 2014 to 2017.

“That would be a mistake, if that is the position that Washington is going to take, that is a mistake. And the fundamental reason is that when you look at our common concerns — the U.S. and European concerns about China — we probably agree on 90 percent,” Gardner told CNBC’s Martin Soong on Tuesday at the Credit Suisse Global Supertrends Conference in Singapore.

Gardner had been asked whether the differing stance between the U.S. and some European countries on Huawei could result in trade penalties.

Trump had reportedly pressured American allies to bar Huawei from building 5G infrastructure, warning that the tech company’s equipment could be used for espionage by the Chinese government. But European nations such as Germany have not excluded Huawei from their national plans for 5G.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: yen nee lee
Keywords: news, cnbc, companies, mistake, gardner, ambassador, european, trump, start, eu, war, washington, concerns, trade, huawei, 5g


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Stocks in Asia advance; BOJ chief flags concerns over trade protectionism

Stocks in Asia were mostly higher on Tuesday, as U.S.-Japan trade talks kicked off and the Bank of Japan chief flagged risks of increasing trade protectionism to the global economic growth outlook. The Nikkei 225 in Japan rose 0.24 percent to close at 22,221.66, with shares of index heavyweights Fast Retailing and Softbank Group advancing 2.32 percent and 1.27 percent, respectively. In Hong Kong, the Hang Seng index added more than 0.8 percent, as of its final hour of trading. Over in South Kore


Stocks in Asia were mostly higher on Tuesday, as U.S.-Japan trade talks kicked off and the Bank of Japan chief flagged risks of increasing trade protectionism to the global economic growth outlook. The Nikkei 225 in Japan rose 0.24 percent to close at 22,221.66, with shares of index heavyweights Fast Retailing and Softbank Group advancing 2.32 percent and 1.27 percent, respectively. In Hong Kong, the Hang Seng index added more than 0.8 percent, as of its final hour of trading. Over in South Kore
Stocks in Asia advance; BOJ chief flags concerns over trade protectionism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: eustance huang
Keywords: news, cnbc, companies, chief, concerns, flags, stocks, protectionism, shares, respectively, kumho, softbank, sectors, index, trade, jumped, rose, boj, advance, shenzhen, asia


Stocks in Asia advance; BOJ chief flags concerns over trade protectionism

Stocks in Asia were mostly higher on Tuesday, as U.S.-Japan trade talks kicked off and the Bank of Japan chief flagged risks of increasing trade protectionism to the global economic growth outlook.

The Nikkei 225 in Japan rose 0.24 percent to close at 22,221.66, with shares of index heavyweights Fast Retailing and Softbank Group advancing 2.32 percent and 1.27 percent, respectively. The Topix index, however, slipped fractionally to end its trading day at 1,626.46.

Shares of Japanese telcos Softbank Corp and NTT Docomo jumped 3.05 percent and 3.56 percent, respectively, after the latter announced price cuts that were smaller than expected.

Shares in mainland China jumped on the day, with the Shanghai composite gaining 2.39 percent to about 3,253.60 and the Shenzhen component adding about 2.33 percent to around 10,287.64. The Shenzhen composite also advanced 2.095 percent to approximately 1,760.02.

Resilience in the property market would provide some cushion for China’s economy as sectors such as manufacturing and retail are hit by trade war tensions and weak consumer confidence, Reuters reported.

Average new home prices in China rose faster in March as compared to February, according to Reuters’ calculation of data released by the National Bureau of Statistics on Tuesday.

In Hong Kong, the Hang Seng index added more than 0.8 percent, as of its final hour of trading.

Over in South Korea, the Kospi closed 0.26 percent higher at 2,248.63, as shares of Asiana Airlines surged 16.07 percent.

The top shareholder of Asiana Airlines, Kumho Industrial, said on Monday it would sell its entire stake in the debt-ridden carrier to keep it afloat, Reuters reported. That followed weeks of financial uncertainty after the carrier failed to win auditors’ sign-off on its 2018 financial statements, which triggered warnings of credit ratings downgrades, according to the Reuters report. For its part, Kumho Industrial saw its stock jump 6.62 percent.

In Australia, the ASX 200 gained 0.42 percent to close at 6,277.40, as most sectors advanced.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: eustance huang
Keywords: news, cnbc, companies, chief, concerns, flags, stocks, protectionism, shares, respectively, kumho, softbank, sectors, index, trade, jumped, rose, boj, advance, shenzhen, asia


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Netflix is falling on concerns of competition from Disney+

Netflix tumbled 4.5% on Friday after Disney unveiled its Disney+ streaming service and pricing for the first time. Disney+ and Netflix could certainly coexist in consumers’ library of streaming services. “Bottom-line, Disney+ features family content, while NFLX offers a much broader range of content with the majority of the most-searched content on the platform.” Disney+ could actually be a positive for Netflix, the analysts wrote, since the entrance of a new streaming player could further “acce


Netflix tumbled 4.5% on Friday after Disney unveiled its Disney+ streaming service and pricing for the first time. Disney+ and Netflix could certainly coexist in consumers’ library of streaming services. “Bottom-line, Disney+ features family content, while NFLX offers a much broader range of content with the majority of the most-searched content on the platform.” Disney+ could actually be a positive for Netflix, the analysts wrote, since the entrance of a new streaming player could further “acce
Netflix is falling on concerns of competition from Disney+ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: lauren feiner, philippe huguen, afp, getty images
Keywords: news, cnbc, companies, disney, content, falling, netflixs, services, analysts, streaming, service, concerns, consumers, mahaney, netflix, competition


Netflix is falling on concerns of competition from Disney+

Netflix tumbled 4.5% on Friday after Disney unveiled its Disney+ streaming service and pricing for the first time. The drop shed more than $7 billion from Netflix’s market value, though it is up 13.6% over the past 12 months.

While some analysts seem less concerned that competition from Disney+ will be a significant hit to Netflix’s business, investors may still be uneasy with the entrance of a cheaper service with a huge library of time-tested content. Disney+ subscriptions will give consumers access to exclusive content for $6.99 per month or $69.99 for a full year, compared with Netflix’s standard plan offering of $13 per month, recently raised from $11. Shares of Disney soared 9% Friday.

Disney+ and Netflix could certainly coexist in consumers’ library of streaming services. Disney CEO Bob Iger made clear that the new service is aimed at kids, saying that other offerings like sports and adult content are available on their other services like ESPN+ and Hulu.

“Bottom-line, Disney+ features family content, while NFLX offers a much broader range of content with the majority of the most-searched content on the platform.” analysts from SunTrust wrote in a note Friday. “As such, we do not view Disney+ as a strong alternative to NFLX.”

The analysts added that in a recent survey conducted by the firm, only 8% of existing Netflix subscribers who responded expect to switch to Disney+, while 59% expected to continue to subscribe only to Netflix. Twenty-four percent of respondents expected to subscribe to both services, according to the survey.

Disney+ could actually be a positive for Netflix, the analysts wrote, since the entrance of a new streaming player could further “accelerate cord-cutting.”

Still, other analysts see a significant threat in Disney’s offering. Mark Mahaney of RBC Capital Markets told CNBC on Friday that Disney has a “major advantage” over Netflix because it does not need to spend much to build up its already-full content library.

“There is going to be pressure here on Netflix to continue to differentiate their service with more and more original content spend, that’s the major advantage … that Disney has — they’ve got a back catalog,” he said. Still, Mahaney said he still believes consumers will be willing to sign up for both services if they’re both robust.

“We did our survey work here, we think the vast majority of consumers are perfectly willing to sign up for more than one service,” Mahaney said.

— CNBC’s Eustance Huang contributed to this report.

Disclosure: Comcast, which owns CNBC parent NBCUniversal, is a co-owner of Hulu.

Subscribe to CNBC on YouTube.

Watch: Disney’s Bob Iger: I believe Disney+ is going to be successful


Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: lauren feiner, philippe huguen, afp, getty images
Keywords: news, cnbc, companies, disney, content, falling, netflixs, services, analysts, streaming, service, concerns, consumers, mahaney, netflix, competition


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Facebook investors increasingly unfazed by ‘content and privacy concerns,’ analyst says in upgrade

Guggenheim raised its rating of Facebook’s stock to buy from neutral on Thursday, saying shareholders are becoming more accustomed to data leaks and privacy uncertainty. “Investors will continue to gain comfort with the incremental financial risk created by content and privacy concerns,” Guggenheim analyst Michael Morris said in a note. The analyst sees “potential for commerce and messaging monetization opportunities as attractively priced within shares.” However, Guggenheim sees key limitations


Guggenheim raised its rating of Facebook’s stock to buy from neutral on Thursday, saying shareholders are becoming more accustomed to data leaks and privacy uncertainty. “Investors will continue to gain comfort with the incremental financial risk created by content and privacy concerns,” Guggenheim analyst Michael Morris said in a note. The analyst sees “potential for commerce and messaging monetization opportunities as attractively priced within shares.” However, Guggenheim sees key limitations
Facebook investors increasingly unfazed by ‘content and privacy concerns,’ analyst says in upgrade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: michael sheetz
Keywords: news, cnbc, companies, video, share, investors, content, unfazed, analyst, sees, facebooks, morris, concerns, growth, stock, privacy, increasingly, facebook, upgrade, guggenheim


Facebook investors increasingly unfazed by 'content and privacy concerns,' analyst says in upgrade

Guggenheim raised its rating of Facebook’s stock to buy from neutral on Thursday, saying shareholders are becoming more accustomed to data leaks and privacy uncertainty.

“Investors will continue to gain comfort with the incremental financial risk created by content and privacy concerns,” Guggenheim analyst Michael Morris said in a note.

The social media platform’s growth has also “remained solid,” Morris said, especially within Instagram. The analyst sees “potential for commerce and messaging monetization opportunities as attractively priced within shares.”

However, Guggenheim sees key limitations to Facebook’s near-term growth, notably in video content.

“We still view the company’s video strategy as un-developed and see the economic opportunity as limited without uniquely recognizable content and a presence on the television screen to complement the mobile experience,” Morris said.

Facebook shares rose 1.4 percent in premarket trading from Wednesday’s close $173.54 a share. Guggenheim has a $200 price target on the stock, up from $175 a share.


Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: michael sheetz
Keywords: news, cnbc, companies, video, share, investors, content, unfazed, analyst, sees, facebooks, morris, concerns, growth, stock, privacy, increasingly, facebook, upgrade, guggenheim


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Rep. McMorris Rodgers has freedom of speech concerns about Congress regulating social media

Mark Zuckberg asked Congress to regulate content. Rep. McMorris Rodgers has freedom of speech concerns8:21 AM ET Tue, 2 April 2019Facebook founder and CEO Mark Zuckerberg published an op-ed in the Washington Post calling for internet regulations in four key areas: harmful content, election integrity, privacy and data portability. Rep. Cathy McMorris Rodgers (R – Wash.) joins ‘Squawk Box’ to discuss how Congress might address such regulations.


Mark Zuckberg asked Congress to regulate content. Rep. McMorris Rodgers has freedom of speech concerns8:21 AM ET Tue, 2 April 2019Facebook founder and CEO Mark Zuckerberg published an op-ed in the Washington Post calling for internet regulations in four key areas: harmful content, election integrity, privacy and data portability. Rep. Cathy McMorris Rodgers (R – Wash.) joins ‘Squawk Box’ to discuss how Congress might address such regulations.
Rep. McMorris Rodgers has freedom of speech concerns about Congress regulating social media Cached Page below :
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Keywords: news, cnbc, companies, mark, zuckerberg, washington, content, speech, zuckberg, mcmorris, concerns, freedom, rodgers, rep, regulating, media, congress, regulations, social


Rep. McMorris Rodgers has freedom of speech concerns about Congress regulating social media

Mark Zuckberg asked Congress to regulate content. Rep. McMorris Rodgers has freedom of speech concerns

8:21 AM ET Tue, 2 April 2019

Facebook founder and CEO Mark Zuckerberg published an op-ed in the Washington Post calling for internet regulations in four key areas: harmful content, election integrity, privacy and data portability. Rep. Cathy McMorris Rodgers (R – Wash.) joins ‘Squawk Box’ to discuss how Congress might address such regulations.


Company: cnbc, Activity: cnbc, Date: 2019-04-02
Keywords: news, cnbc, companies, mark, zuckerberg, washington, content, speech, zuckberg, mcmorris, concerns, freedom, rodgers, rep, regulating, media, congress, regulations, social


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Salesforce chief scientist Richard Socher on challenges, future of AI

“I think it’s a little overhyped,” Richard Socher, chief scientist at software firm Salesforce, told CNBC in an interview during his trip to Singapore. That’s because humans are already adept at creating fake news without the help of algorithms, Socher said. Furthermore, fake news usually has some sort of “agenda” behind it — something that AI inherently lacks, he added. AI can already be used to create fake, superimposed images onto another person in videos. There have been rising concerns that


“I think it’s a little overhyped,” Richard Socher, chief scientist at software firm Salesforce, told CNBC in an interview during his trip to Singapore. That’s because humans are already adept at creating fake news without the help of algorithms, Socher said. Furthermore, fake news usually has some sort of “agenda” behind it — something that AI inherently lacks, he added. AI can already be used to create fake, superimposed images onto another person in videos. There have been rising concerns that
Salesforce chief scientist Richard Socher on challenges, future of AI Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: eustance huang, paco freire, sopa images, lightrocket, getty images, -richard socher, chief scientist at salesforce
Keywords: news, cnbc, companies, salesforce, think, videos, fake, future, spread, usually, ai, concerns, challenges, used, trip, chief, told, scientist, richard, socher


Salesforce chief scientist Richard Socher on challenges, future of AI

Concerns over the artificial intelligence’s ability to spread disinformation may be overblown, according to one expert.

“I think it’s a little overhyped,” Richard Socher, chief scientist at software firm Salesforce, told CNBC in an interview during his trip to Singapore.

That’s because humans are already adept at creating fake news without the help of algorithms, Socher said. Furthermore, fake news usually has some sort of “agenda” behind it — something that AI inherently lacks, he added.

AI can already be used to create fake, superimposed images onto another person in videos. There have been rising concerns that such videos, also known as “deepfakes,” could be used to spread misinformation.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: eustance huang, paco freire, sopa images, lightrocket, getty images, -richard socher, chief scientist at salesforce
Keywords: news, cnbc, companies, salesforce, think, videos, fake, future, spread, usually, ai, concerns, challenges, used, trip, chief, told, scientist, richard, socher


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Salesforce chief scientist Richard Socher on challenges, future of AI

“I think it’s a little overhyped,” Richard Socher, chief scientist at software firm Salesforce, told CNBC in an interview during his trip to Singapore. That’s because humans are already adept at creating fake news without the help of algorithms, Socher said. Furthermore, fake news usually has some sort of “agenda” behind it — something that AI inherently lacks, he added. AI can already be used to create fake, superimposed images onto another person in videos. There have been rising concerns that


“I think it’s a little overhyped,” Richard Socher, chief scientist at software firm Salesforce, told CNBC in an interview during his trip to Singapore. That’s because humans are already adept at creating fake news without the help of algorithms, Socher said. Furthermore, fake news usually has some sort of “agenda” behind it — something that AI inherently lacks, he added. AI can already be used to create fake, superimposed images onto another person in videos. There have been rising concerns that
Salesforce chief scientist Richard Socher on challenges, future of AI Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: eustance huang, paco freire, sopa images, lightrocket, getty images, -richard socher, chief scientist at salesforce
Keywords: news, cnbc, companies, salesforce, think, videos, fake, future, spread, usually, ai, concerns, challenges, used, trip, chief, told, scientist, richard, socher


Salesforce chief scientist Richard Socher on challenges, future of AI

Concerns over the artificial intelligence’s ability to spread disinformation may be overblown, according to one expert.

“I think it’s a little overhyped,” Richard Socher, chief scientist at software firm Salesforce, told CNBC in an interview during his trip to Singapore.

That’s because humans are already adept at creating fake news without the help of algorithms, Socher said. Furthermore, fake news usually has some sort of “agenda” behind it — something that AI inherently lacks, he added.

AI can already be used to create fake, superimposed images onto another person in videos. There have been rising concerns that such videos, also known as “deepfakes,” could be used to spread misinformation.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: eustance huang, paco freire, sopa images, lightrocket, getty images, -richard socher, chief scientist at salesforce
Keywords: news, cnbc, companies, salesforce, think, videos, fake, future, spread, usually, ai, concerns, challenges, used, trip, chief, told, scientist, richard, socher


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Tesla could rally nearly 40 percent, but that doesn’t mean it’s a buy, technician says

RBC slashed its price target on Monday, suggesting 20 percent downside, and reiterated an underperform rating. Meanwhile, the rest of the Street has an average $335 target, which implies 30 percent upside. In the past 12 months, Tesla shares have moved as high as $387 and as low as $244.59. However, that does not mean Tesla is a buy, says Wald. Tesla is still being judged as to whether or not it can execute, and clearly the jury is still out,” Sanchez said.


RBC slashed its price target on Monday, suggesting 20 percent downside, and reiterated an underperform rating. Meanwhile, the rest of the Street has an average $335 target, which implies 30 percent upside. In the past 12 months, Tesla shares have moved as high as $387 and as low as $244.59. However, that does not mean Tesla is a buy, says Wald. Tesla is still being judged as to whether or not it can execute, and clearly the jury is still out,” Sanchez said.
Tesla could rally nearly 40 percent, but that doesn’t mean it’s a buy, technician says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: keris lahiff, frederic j brown, afp, getty images, adam jeffery, andrew harrer, bloomberg, carlo allegri, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, upside, trading, level, technician, tesla, buy, mean, wald, target, 40, nearly, sanchez, going, rally, doesnt, concerns, price


Tesla could rally nearly 40 percent, but that doesn't mean it's a buy, technician says

Analysts either love or hate Tesla.

RBC slashed its price target on Monday, suggesting 20 percent downside, and reiterated an underperform rating. Meanwhile, the rest of the Street has an average $335 target, which implies 30 percent upside.

Technical analyst Ari Wald is in the hate-it camp, arguing that aimless price direction means investors should steer clear of the stock.

“This is one we’ve been on the sidelines with, avoiding both on the long end and short side, just given how directionless and choppy it’s been, and that’s still the case,” Oppenheimer’s head of technical analysis said Monday on CNBC’s “Trading Nation.”

In the past 12 months, Tesla shares have moved as high as $387 and as low as $244.59. It is 34 percent off its August peak, a level reached after CEO Elon Musk falsely tweeted that the company had secured funding to go private.

“It’s paid to buy it when it’s ugly and sell it when it starts to look good, so with that in mind it probably looks more positive than not, just considering how bad it’s performed,” said Wald. “Two-hundred-fifty dollars is the big support range level, $360 is the upside there.”

A move back up to $360 marks nearly 40 percent upside from Monday’s close. However, that does not mean Tesla is a buy, says Wald.

“You can see the flat 200-day that exemplifies that directionless action,” he said. “If we allocate toward stocks that trend, this isn’t one of them.”

Gina Sanchez, CEO of Chantico Global, said Monday the company’s fundamentals also make for a bumpy road ahead.

“It’s going to be challenging,” said Sanchez on “Trading Nation.” “You’re looking at cutting deliveries estimates, delivery concerns, cutting demand estimates, and then concerns around margins — that $35,000 price point for the Model 3, there’s big concerns that they’re not going to be able to keep costs down enough in order to really produce a price margin.”

Like Sanchez’s concerns, RBC analysts’ downgraded expectations were tied to problems with its deliveries and the run-on effect on revenue and margins.

“Those don’t add up. Tesla is still being judged as to whether or not it can execute, and clearly the jury is still out,” Sanchez said.


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: keris lahiff, frederic j brown, afp, getty images, adam jeffery, andrew harrer, bloomberg, carlo allegri, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, upside, trading, level, technician, tesla, buy, mean, wald, target, 40, nearly, sanchez, going, rally, doesnt, concerns, price


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Tesla could rally nearly 40 percent, but that doesn’t mean it’s a buy, technician says

RBC slashed its price target on Monday, suggesting 20 percent downside, and reiterated an underperform rating. Meanwhile, the rest of the Street has an average $335 target, which implies 30 percent upside. In the past 12 months, Tesla shares have moved as high as $387 and as low as $244.59. However, that does not mean Tesla is a buy, says Wald. Tesla is still being judged as to whether or not it can execute, and clearly the jury is still out,” Sanchez said.


RBC slashed its price target on Monday, suggesting 20 percent downside, and reiterated an underperform rating. Meanwhile, the rest of the Street has an average $335 target, which implies 30 percent upside. In the past 12 months, Tesla shares have moved as high as $387 and as low as $244.59. However, that does not mean Tesla is a buy, says Wald. Tesla is still being judged as to whether or not it can execute, and clearly the jury is still out,” Sanchez said.
Tesla could rally nearly 40 percent, but that doesn’t mean it’s a buy, technician says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: keris lahiff, frederic j brown, afp, getty images, adam jeffery, andrew harrer, bloomberg, carlo allegri, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, upside, trading, level, technician, tesla, buy, mean, wald, target, 40, nearly, sanchez, going, rally, doesnt, concerns, price


Tesla could rally nearly 40 percent, but that doesn't mean it's a buy, technician says

Analysts either love or hate Tesla.

RBC slashed its price target on Monday, suggesting 20 percent downside, and reiterated an underperform rating. Meanwhile, the rest of the Street has an average $335 target, which implies 30 percent upside.

Technical analyst Ari Wald is in the hate-it camp, arguing that aimless price direction means investors should steer clear of the stock.

“This is one we’ve been on the sidelines with, avoiding both on the long end and short side, just given how directionless and choppy it’s been, and that’s still the case,” Oppenheimer’s head of technical analysis said Monday on CNBC’s “Trading Nation.”

In the past 12 months, Tesla shares have moved as high as $387 and as low as $244.59. It is 34 percent off its August peak, a level reached after CEO Elon Musk falsely tweeted that the company had secured funding to go private.

“It’s paid to buy it when it’s ugly and sell it when it starts to look good, so with that in mind it probably looks more positive than not, just considering how bad it’s performed,” said Wald. “Two-hundred-fifty dollars is the big support range level, $360 is the upside there.”

A move back up to $360 marks nearly 40 percent upside from Monday’s close. However, that does not mean Tesla is a buy, says Wald.

“You can see the flat 200-day that exemplifies that directionless action,” he said. “If we allocate toward stocks that trend, this isn’t one of them.”

Gina Sanchez, CEO of Chantico Global, said Monday the company’s fundamentals also make for a bumpy road ahead.

“It’s going to be challenging,” said Sanchez on “Trading Nation.” “You’re looking at cutting deliveries estimates, delivery concerns, cutting demand estimates, and then concerns around margins — that $35,000 price point for the Model 3, there’s big concerns that they’re not going to be able to keep costs down enough in order to really produce a price margin.”

Like Sanchez’s concerns, RBC analysts’ downgraded expectations were tied to problems with its deliveries and the run-on effect on revenue and margins.

“Those don’t add up. Tesla is still being judged as to whether or not it can execute, and clearly the jury is still out,” Sanchez said.


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: keris lahiff, frederic j brown, afp, getty images, adam jeffery, andrew harrer, bloomberg, carlo allegri, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, upside, trading, level, technician, tesla, buy, mean, wald, target, 40, nearly, sanchez, going, rally, doesnt, concerns, price


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Europe turns its concerns to China’s growing clout as Xi visits

“To safeguard against potential serious security implications for critical digital infrastructure, a common EU approach to the security of 5G networks is needed.” That has given China maximum leverage in negotiating with EU member countries, almost exclusively on a bilateral basis. During the Cold War, the European Union and the United States achieved a far more elaborate and coherent approach in response to a far less resourceful competitor. The European Union needs a coherent strategy toward C


“To safeguard against potential serious security implications for critical digital infrastructure, a common EU approach to the security of 5G networks is needed.” That has given China maximum leverage in negotiating with EU member countries, almost exclusively on a bilateral basis. During the Cold War, the European Union and the United States achieved a far more elaborate and coherent approach in response to a far less resourceful competitor. The European Union needs a coherent strategy toward C
Europe turns its concerns to China’s growing clout as Xi visits Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: fred kempe, michele tantussi, getty images
Keywords: news, cnbc, companies, eu, week, united, member, visits, approach, chinas, turns, clout, china, states, xi, growing, europe, european, union, concerns, members


Europe turns its concerns to China's growing clout as Xi visits

Chinese President Xi Jinping will visit Italy and France next week amid a European Union firestorm over the dangers of rapidly growing Chinese trade and investments – particularly regarding next-generation telecom technology – and intensifying divisions among its members about how to deal with them.

Western media coverage has understandably focused on the unfolding Brexit drama in London, where British lawmakers failed to agree on a viable path forward. However, what went under-reported was that at the same time the EU took its most significant steps yet – though belated and insufficient – to address China’s increasingly assertive and state-subsidized push into Europe.

After months of study, the European Commission released its “EU-China: Strategic Outlook,” included the clearest and toughest language yet toward China in an EU document. After years of a more benign approach to Beijing, it branded China as “an economic competitor in the pursuit of technological leadership, and a systemic rival promoting alternative models of governance.”

That marks a major shift in thinking ahead of next Thursday’s EU Council meeting in Brussels, bringing together all 28-member country leaders to discuss China the day before Xi lands in Rome. Although the document is couched in diplomatic language, calling upon the EU to “deepen its engagement with China to promote common interests at a global level,” its message is unmistakable on critical infrastructure and Europe’s tech base.

“5G networks will provide the future backbone to our societies and economies, connecting billions of objects and systems, including sensitive information and communications technology systems in crucial sectors,” it says. “To safeguard against potential serious security implications for critical digital infrastructure, a common EU approach to the security of 5G networks is needed.”

To achieve that, the Commission said it will lay out a path following the EU Council meeting. What’s unclear is how effective any approach would be, which would require buy in from 28 nations – 27, if Brexit goes through – which view China through vastly differently lenses.

The challenge is that China for some time has executed a clear plan that has put Europe increasingly at the heart of its global political and economic strategy while Europe has lacked any unified policy of approach of its own. That has given China maximum leverage in negotiating with EU member countries, almost exclusively on a bilateral basis.

Even worse, instead of joining in common cause regarding China, the United States and European Union have been bickering over trade and a host of other issues, from Iran to defense spending. During the Cold War, the European Union and the United States achieved a far more elaborate and coherent approach in response to a far less resourceful competitor.

Greater coordination inside Europe and across the Atlantic could bring considerably more leverage to the negotiating table. The combined EU-US GDP in 2017 of more than $36 trillion was nearly triple that of China, and even the EU GDP alone of more than $17.3 trillion eclipses the $12.2 trillion of Beijing. Instead, China comes to the table with the full weight of six times more GDP than that of Italy, which next week could become the first G-7 member state to endorse China’s Belt and Road Initiative.

China has had similar leverage in the Balkans, where the European Union and the United States have had increased concerns through its heavy investments through its 16+1 format that groups 11 Central European members of the EU with five non-EU members who may over time become candidates – Albania, Bosnia and Herzegovina, Macedonia, Montenegro and Serbia.

Johannes Hahn, the EU commissioner responsible for enlargement, recently expressed concern that the EU “overestimated Russia and underestimated China” in the Balkans. What concerns him is that heavy borrowing from China among the region’s countries could imperil their already weak economies – and more than half the $9.4 billion in Chinese investments in the region in 2016 and 2017 went to the non-EU countries of this group.

The more immediate concern next week comes in Italy, where the government may sign a leaked memorandum of understanding with China regarding its Belt and Road Initiative, and cooperate in the development of “roads, railways, bridges, civil aviation, ports, energy and telecommunications.”

Italy wouldn’t be the first EU country to sign a BRI deal with China, but it has attracted the most attention because it would be the largest to do so, it is a founding member of the EU, and it is a member of the G7. The agreement would also happen despite disagreements within the Italian government (the foreign ministry is reported to have been cut out) and misgivings among other EU countries. It would happen shortly before an EU-China leaders’ summit on April 9.

At a time when the U.S. should be working more closely with the EU to frame a unified transatlantic approach to China, the atmosphere is instead colored by mistrust.

European leaders worry about President Trump’s indications that he might change his approach toward Huawei as a security threat if China compromises on trade, including an intervention in the potential extradition and prosecution of the Huawei CFO.

The Germans chafed at a letter made public last week from U.S. Ambassador to Germany Richard Grenell to German Economy Minister Peter Altmaier. It stated that U.S. intelligence cooperation with Germany would suffer if the German government allowed Huawei into its 5G networks.

President Xi’s visit to Europe, and then again on April 9 for an EU Summit, should trigger what ought to have happened long ago. The European Union needs a coherent strategy toward China that will unite its members. The United States needs to develop a similar strategy of its own, then join transatlantic talks to galvanize democracies to confront what the EU itself called a “systemic rival.”

The urgent need for a common approach to China should, excuse the term, trump other transatlantic differences.

Frederick Kempe is a best-selling author, prize-winning journalist and president & CEO of the Atlantic Council, one of the United States’ most influential think tanks on global affairs. He worked at The Wall Street Journal for more than 25 years as a foreign correspondent, assistant managing editor and as the longest-serving editor of the paper’s European edition. His latest book – “Berlin 1961: Kennedy, Khrushchev, and the Most Dangerous Place on Earth” – was a New York Times best-seller and has been published in more than a dozen languages. Follow him on Twitter @FredKempe and subscribe here to Inflection Points, his look each Saturday at the past week’s top stories and trends.

For more insight from CNBC contributors, follow @CNBCopinion on Twitter.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: fred kempe, michele tantussi, getty images
Keywords: news, cnbc, companies, eu, week, united, member, visits, approach, chinas, turns, clout, china, states, xi, growing, europe, european, union, concerns, members


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