Asia stocks set to inch higher ahead of US payrolls data

Meanwhile, shares in Australia edged higher in early trade, as the S&P/ASX 200 rose about 0.1%. Futures pointed to a higher open for Japanese stocks. Stocks in Asia were set to inch higher at the open on Friday ahead of the release of U.S. nonfarm payrolls data for November expected to be released later in the day stateside. Overnight stateside, stocks ended the session on Wall Street little changed. The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement


Meanwhile, shares in Australia edged higher in early trade, as the S&P/ASX 200 rose about 0.1%.
Futures pointed to a higher open for Japanese stocks.
Stocks in Asia were set to inch higher at the open on Friday ahead of the release of U.S. nonfarm payrolls data for November expected to be released later in the day stateside.
Overnight stateside, stocks ended the session on Wall Street little changed.
The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement
Asia stocks set to inch higher ahead of US payrolls data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: eustance huang
Keywords: news, cnbc, companies, inch, week, stocks, dollar, payrolls, higher, data, asia, street, earlier, levels, wall, ahead, set, trade


Asia stocks set to inch higher ahead of US payrolls data

Meanwhile, shares in Australia edged higher in early trade, as the S&P/ASX 200 rose about 0.1%.

Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,325 while its counterpart in Osaka was at 23,330. The Nikkei 225 last closed at 23,300.09.

Stocks in Asia were set to inch higher at the open on Friday ahead of the release of U.S. nonfarm payrolls data for November expected to be released later in the day stateside.

Overnight stateside, stocks ended the session on Wall Street little changed. The Dow Jones Industrial Average gained just 28.01 points to 27,677.79 while the S&P 500 added 0.16% to 3,117.43. The Nasdaq Composite gained less than 0.1% to 8,570.70.

Investors will await the release of the U.S. governments monthly nonfarm payrolls report expected at 9:30 p.m. HK/SIN on Friday. That would come following a disappointing private payrolls number released Wednesday, and also on the back of the Labor Department saying Thursday that U.S. weekly jobless claims dropped 203,000 last week — the lowest in seven months.

Markets have seen a rocky start to December amid conflicting headlines on the U.S.-China trade front ahead of a closely watched date of Dec. 15 when additional tariffs on Chinese exports to the U.S. go into effect.

The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement over the size of China’s agriculture purchases. Meanwhile, China has given little indication on how negotiations with the U.S. are progressing. Earlier in the week, markets were sent into a frenzy after U.S. President Donald Trump said he may delay a trade deal with China till after the 2020 U.S. presidential election

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.388 after slipping from levels above 98.0 earlier in the trading week.

The Japanese yen traded at 108.73 per dollar after strengthening from levels above 108.8 yesterday. The Australian dollar changed hands at $0.683 after rising from levels below $0.678 earlier in the week.

What’s on tap:


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: eustance huang
Keywords: news, cnbc, companies, inch, week, stocks, dollar, payrolls, higher, data, asia, street, earlier, levels, wall, ahead, set, trade


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

European stocks move higher ahead of US jobs report; Swiss Re up 2.8%

European stocks moved higher Friday morning as investors awaited employment data out of the U.S. and monitored trade developments between Beijing and Washington. Looking at individual stocks, Marks and Spencer was 3% higher and among the top gainers across the European index, after a trading update from fellow U.K. firm AB Foods. The insurer Swiss Re also traded higher after announcing that it is selling its British unit to Phoenix Group Holdings for £3.2 billion ($4.1 billion). The pan-European


European stocks moved higher Friday morning as investors awaited employment data out of the U.S. and monitored trade developments between Beijing and Washington.
Looking at individual stocks, Marks and Spencer was 3% higher and among the top gainers across the European index, after a trading update from fellow U.K. firm AB Foods.
The insurer Swiss Re also traded higher after announcing that it is selling its British unit to Phoenix Group Holdings for £3.2 billion ($4.1 billion).
The pan-European
European stocks move higher ahead of US jobs report; Swiss Re up 2.8% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: silvia amaro
Keywords: news, cnbc, companies, second, swiss, trade, traded, data, stocks, higher, jobs, sector, ahead, talks, european, output, report


European stocks move higher ahead of US jobs report; Swiss Re up 2.8%

European stocks moved higher Friday morning as investors awaited employment data out of the U.S. and monitored trade developments between Beijing and Washington.

Meanwhile, Glencore dropped 1.5% in early deals. The Wall Street Journal reported that the mining company is being investigated in a U.K. bribery probe.

Looking at individual stocks, Marks and Spencer was 3% higher and among the top gainers across the European index, after a trading update from fellow U.K. firm AB Foods. The insurer Swiss Re also traded higher after announcing that it is selling its British unit to Phoenix Group Holdings for £3.2 billion ($4.1 billion).

The pan-European Stoxx 600 traded 0.3% higher with almost every sector in the black. Banking and tech stocks were among the top performers in early deals.

Overall, stock markets are following news on the U.S.-China trade front. President Donald Trump said Thursday that trade talks with China were “moving right along,” according to Reuters. However, earlier this week, the U.S. president said that it might be better to wait until after the presidential election in November of next year to finish a trade deal with Beijing. Meanwhile, spokespersons for the Chinese government have avoided commenting on the prospects of a trade deal.

Oil prices rose Thursday after OPEC members agreed in principle to another cut to output during the first quarter of 2020. OPEC members are starting their second day of talks on Friday.

On the data front, Germany’s industrial output dropped unexpectedly in the month of October. Industrial output fell 1.7% against a market expectation of a 0.1% increase in activity. In France, data on Friday showed a drop of 4.73 billion euros in its trade deficit. There will also be payroll figures out in the U.S. at 1:30 p.m. London time.

In the U.K., the leaders of the Conservative and Labour parties are set to have their final TV debate Friday ahead of the December 12 election. In France, a general strike is carrying on to a second day as public sector workers protest against changes to the pension system.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: silvia amaro
Keywords: news, cnbc, companies, second, swiss, trade, traded, data, stocks, higher, jobs, sector, ahead, talks, european, output, report


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

TikTok chief to meet with lawmakers next week as suspicions about the app’s ties to China grow

TikTok chief Alex Zhu will meet with lawmakers in Washington, D.C. next week as suspicions around the app’s ties to China continue to grow, CNBC confirmed. Sen. Marsha Blackburn, R-Tenn., will meet with Zhu next week, according to her office. In an interview with The New York Times published last month, Zhu said TikTok does not share user data with the Chinese government or its Chinese parent company. He added that worldwide TikTok user data is stored in Virginia with a backup server in Singapor


TikTok chief Alex Zhu will meet with lawmakers in Washington, D.C. next week as suspicions around the app’s ties to China continue to grow, CNBC confirmed.
Sen. Marsha Blackburn, R-Tenn., will meet with Zhu next week, according to her office.
In an interview with The New York Times published last month, Zhu said TikTok does not share user data with the Chinese government or its Chinese parent company.
He added that worldwide TikTok user data is stored in Virginia with a backup server in Singapor
TikTok chief to meet with lawmakers next week as suspicions about the app’s ties to China grow Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: lauren feiner
Keywords: news, cnbc, companies, suspicions, chief, china, week, lawmakers, zhu, user, told, washington, security, chinese, grow, review, ties, apps, data, tiktok, meet


TikTok chief to meet with lawmakers next week as suspicions about the app's ties to China grow

TikTok chief Alex Zhu will meet with lawmakers in Washington, D.C. next week as suspicions around the app’s ties to China continue to grow, CNBC confirmed. The Washington Post first reported the trip on Thursday.

Sen. Marsha Blackburn, R-Tenn., will meet with Zhu next week, according to her office. Blackburn has been an outspoken critic of the tech industry and of TikTok in particular over suspected vulnerability of its technology to the Chinese government. In a letter last month, Blackburn told Zhu she feared the app, which is popular with a younger audience and owned by Chinese company ByteDance, “is paving the way for the Chinese government to gain unfettered and unsupervised access to our children’s lives.”

TikTok is already facing significant oversight from the U.S. government. The Committee on Foreign Investment in the U.S. (CFIUS) has formally launched a national security review into ByteDance’s 2017 acquisition of Musical.ly, the precursor to TikTok, a person familiar with the matter previously told CNBC. The review followed urging from Sen. Marco Rubio, R-Fla., who claimed in a letter to Treasury Secretary Steven Mnuchin that there is “ample and growing evidence that TikTok’s platform for Western markets, including the U.S., is censoring content that is not in line with the Chinese Government and Communist Party directives.”

TikTok requested a meeting with Rubio as well, according to a congressional aide, but his office declined.

In an on-air interview last week, Army Secretary Ryan McCarthy told CNBC’s Morgan Brennan the army has “immediately” barred soldiers from using TikTok after a national security concern was brought to his attention earlier this year. McCarthy said Army Cyber Command is assisting in a review into potential vulnerabilities.

TikTok has rejected the plausibility of the Chinese government tapping into the data of its U.S. users. In an interview with The New York Times published last month, Zhu said TikTok does not share user data with the Chinese government or its Chinese parent company. He added that worldwide TikTok user data is stored in Virginia with a backup server in Singapore.

On the question of whether TikTok censors content on its platform to appease Chinese officials, the company has insisted it does not. Zhu even told the Times he would turn down the country’s leader if asked directly to remove content or hand over data from the app.

But those reassurances have not quieted suspicions, especially after a user was locked out of her account last week after posting a video critical of the Chinese regime. At the time, TikTok claimed the user was barred from her account due to previous terrorism-related posts, which the user told the Washington Post in an interview were a “joke.” TikTok later lifted the ban, saying her account had been caught up in a “scheduled platform-wide enforcement” action and her critical video removed temporarily “due to a human moderation error.”

TikTok did not immediately provide comment on Zhu’s reported trip to D.C.

-CNBC’s Ylan Mui contributed to this report.

Subscribe to CNBC on YouTube.

WATCH: Government launches national security review of TikTok: Reuters


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: lauren feiner
Keywords: news, cnbc, companies, suspicions, chief, china, week, lawmakers, zhu, user, told, washington, security, chinese, grow, review, ties, apps, data, tiktok, meet


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

US weekly jobless claims total 203,000, vs 215,000 expected

Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended Nov. 30, the lowest level since mid-April, the Labor Department said on Thursday. Claims data tend to be volatile around holidays like last week’s Thanksgiving Day, which was later this year compared to 2018. The Labor Department said no states were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out


Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended Nov. 30, the lowest level since mid-April, the Labor Department said on Thursday.
Claims data tend to be volatile around holidays like last week’s Thanksgiving Day, which was later this year compared to 2018.
The Labor Department said no states were estimated last week.
The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out
US weekly jobless claims total 203,000, vs 215,000 expected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: fred imbert
Keywords: news, cnbc, companies, week, fell, total, labor, market, 215000, level, weekly, department, unemployment, lowest, claims, 203000, jobless, expected, data


US weekly jobless claims total 203,000, vs 215,000 expected

The number of Americans filing applications for unemployment benefits unexpectedly fell last week, hitting their lowest level in seven months, suggesting the labor market remains solid even as the economy is slowing.

Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended Nov. 30, the lowest level since mid-April, the Labor Department said on Thursday. Data for the prior week was unrevised.

Economists polled by Reuters had forecast claims increasing to 215,000 in the latest week.

Claims data tend to be volatile around holidays like last week’s Thanksgiving Day, which was later this year compared to 2018. This can throw off the model that the government uses to strip out seasonal fluctuations from the data.

The Labor Department said no states were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 2,000 to 217,750 last week.

The claims data has no bearing on November’s employment report, which is scheduled for release on Friday. According to a Reuters survey of economists, nonfarm payrolls probably increased by 180,000 jobs in November, boosted by the return of about 46,000 striking General Motors workers. The 40-day strike had helped to hold job growth down to 128,000 in October.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: fred imbert
Keywords: news, cnbc, companies, week, fell, total, labor, market, 215000, level, weekly, department, unemployment, lowest, claims, 203000, jobless, expected, data


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Shares of biotech Aurinia double in one day after positive data for Lupus drug

Shares of biotech Aurinia Pharmaceuticals surged on Thursday after the company announced positive results from a trial for its lupus-related drug. Some analysts expect the stock to quadruple on the better-than-expected trial results. “The data were better than we expected,” Alethia Young, biotech analyst at Cantor Fitzgerald, said in a note on Thursday. “We think that shares will be up at least 300-400% based on this news. If we conservatively assume VCS is a $1B drug, we think that investors co


Shares of biotech Aurinia Pharmaceuticals surged on Thursday after the company announced positive results from a trial for its lupus-related drug.
Some analysts expect the stock to quadruple on the better-than-expected trial results.
“The data were better than we expected,” Alethia Young, biotech analyst at Cantor Fitzgerald, said in a note on Thursday.
“We think that shares will be up at least 300-400% based on this news.
If we conservatively assume VCS is a $1B drug, we think that investors co
Shares of biotech Aurinia double in one day after positive data for Lupus drug Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: yun li
Keywords: news, cnbc, companies, day, stock, drug, biotech, results, positive, company, double, shares, lupus, aurinia, trial, data, think


Shares of biotech Aurinia double in one day after positive data for Lupus drug

Shares of biotech Aurinia Pharmaceuticals surged on Thursday after the company announced positive results from a trial for its lupus-related drug.

The Victoria, Canada-based company rallied as much as 106% on Thursday after its phase three trial for drug voclosporin posted positive efficacy and safety results in the treatment of lupus nephritis, the company said in a statement on Thursday evening. The jump in Aurinia’s stock pushed its market cap to more than $1 billion.

Some analysts expect the stock to quadruple on the better-than-expected trial results.

“The data were better than we expected,” Alethia Young, biotech analyst at Cantor Fitzgerald, said in a note on Thursday. “We think that shares will be up at least 300-400% based on this news. If we conservatively assume VCS is a $1B drug, we think that investors could put a 3-4x revenue multiple on the company (so $3-4B).”

Cantor has an overweight rating on Aurinia and a 12-month price target of $24, which would translate into a 186% gain from Wednesday’s close.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: yun li
Keywords: news, cnbc, companies, day, stock, drug, biotech, results, positive, company, double, shares, lupus, aurinia, trial, data, think


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves midday: Etsy, ViacomCBS, Biogen, Sage Therapeutics & more

Biogen – The biotechnology company’s stock rose 3.3% after Biogen released new data about its late-stage Alzheimer’s drug called aducanumab. Signet Jewelers — Shares of the jewelry company popped more than 9% in midday trading after the company reported a smaller-than-expected loss and topped analysts’ sales expectations in the third quarter. Sage Therapeutics — Sage’s stock plunged nearly 60% after the company announced its oral depression therapy failed in a late-stage trial. Five Below report


Biogen – The biotechnology company’s stock rose 3.3% after Biogen released new data about its late-stage Alzheimer’s drug called aducanumab.
Signet Jewelers — Shares of the jewelry company popped more than 9% in midday trading after the company reported a smaller-than-expected loss and topped analysts’ sales expectations in the third quarter.
Sage Therapeutics — Sage’s stock plunged nearly 60% after the company announced its oral depression therapy failed in a late-stage trial.
Five Below report
Stocks making the biggest moves midday: Etsy, ViacomCBS, Biogen, Sage Therapeutics & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, biogen, results, therapeutics, earnings, moves, data, biggest, trial, viacomcbs, sage, etsy, stock, shares, midday, stocks, company, drug, reported, making, million


Stocks making the biggest moves midday: Etsy, ViacomCBS, Biogen, Sage Therapeutics & more

An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn.

Check out the companies making headlines in midday trading:

Etsy — Shares of e-commerce company Etsy fell 1.4% after Morgan Stanley downgraded the e-commerce website company to underweight from ‘equal weight. The bank said it sees slowing gross merchandise sales that will result in negative earnings revisions.

ViacomCBS — ViacomCBS shares rallied more than 3% after it announced on Wednesday evening the completion of the merger between CBS and Viacom. The new company is expected to focus on quality content as rivals like Disney, Apple and Amazon ramp up their own streaming and original shows and films.

Biogen – The biotechnology company’s stock rose 3.3% after Biogen released new data about its late-stage Alzheimer’s drug called aducanumab. While the data did not offer any significant differences from data Biogen released in October, analysts believe the lack of negatives in the most recent report means the company will soon bring the drug’s data to the Food and Drug Administration.

Signet Jewelers — Shares of the jewelry company popped more than 9% in midday trading after the company reported a smaller-than-expected loss and topped analysts’ sales expectations in the third quarter. Despite a larger net loss than the year-ago period, the owner of Kay, Zales and Jared issued better fiscal 2020 guidance thanks to the success of its transformation plan, according to CEO Virginia Drosos.

Acadia Pharmaceuticals — Shares of the pharmaceutical company jumped 14.8% on positive trial results for its pimavanserin drug, which aims to treat psychosis on patients with Alzheimer’s disease. Acadia also said serious adverse effects were low during the trials.

Sage Therapeutics — Sage’s stock plunged nearly 60% after the company announced its oral depression therapy failed in a late-stage trial. After 15 days, the treatment did not produce significant improvements across 17 parameters, including anxiety.

Restoration Hardware – The furniture company’s stock surged more than 10% after reporting better-than-expected third quarter earnings. RH earned $2.79 per share on $677 million. Wall Street expected $2.23 per share on revenue of $676 million, according to Refinitiv. The company also raised its full year earnings guidance.

Five Below – Shares of the discount retailer popped 5% on strong third quarter earnings. Five Below reported earnings of 18 cents per share, topping estimates by 1 cents, according to Refinitiv. Revenue came in at $377 million, higher than the $374 million forecast by analysts.

Glencore – Shares of commodities trading company Glencore fell more than 8% after the company disclosed that the United Kingdom’s Serious Fraud Office is investigating the company for bribery. Glencore is also under investigation by the Department of Justice for the “Operation Car Wash” scandal in Brazil.

The Michaels Companies – The home goods store chain’s stock fell 11% after Michaels reported third-quarter earnings and revenue that were both below Wall Street’s expectations, according to a FactSet survey of analysts. Michaels lowered its fiscal year forecast, while the company also reported worse than anticipated same store sales for the most recent quarter.

Aurinia Pharmaceuticals — Shares of biotech Aurinia Pharmaceuticals surged a whopping 92% after the biotech company announced positive results from a trial for its lupus-related drug. The company said its phase three trial for drug voclosporin posted positive efficacy and safety results in the treatment of lupus nephritis. Some analysts expect the stock to quadruple on the better-than-expected trial results.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, biogen, results, therapeutics, earnings, moves, data, biggest, trial, viacomcbs, sage, etsy, stock, shares, midday, stocks, company, drug, reported, making, million


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Biogen’s stock rises 4% after company releases new data on late-stage Alzheimer’s drug

The exterior of the headquarters of biotechnology company Biogen in Cambridge, MA is pictured on March 21, 2019. Biogen shares rose Thursday after the biotech firm offered more data on its late-stage Alzheimer’s drug, aducanumab. The data, presented at the Clinical Trials on Alzheimer’s Disease conference, offered almost no new results from what the company previously released in October. Dr. Eric Siemers, an Alzheimer’s expert who previously led Alzheimer’s research at Eli Lilly, also noted the


The exterior of the headquarters of biotechnology company Biogen in Cambridge, MA is pictured on March 21, 2019.
Biogen shares rose Thursday after the biotech firm offered more data on its late-stage Alzheimer’s drug, aducanumab.
The data, presented at the Clinical Trials on Alzheimer’s Disease conference, offered almost no new results from what the company previously released in October.
Dr. Eric Siemers, an Alzheimer’s expert who previously led Alzheimer’s research at Eli Lilly, also noted the
Biogen’s stock rises 4% after company releases new data on late-stage Alzheimer’s drug Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: berkeley lovelace jr, in berkeleylovelace
Keywords: news, cnbc, companies, disease, biogen, results, latestage, offered, biogens, data, alzheimers, patients, stock, drug, company, rises, shares, releases


Biogen's stock rises 4% after company releases new data on late-stage Alzheimer's drug

The exterior of the headquarters of biotechnology company Biogen in Cambridge, MA is pictured on March 21, 2019.

Biogen shares rose Thursday after the biotech firm offered more data on its late-stage Alzheimer’s drug, aducanumab.

The data, presented at the Clinical Trials on Alzheimer’s Disease conference, offered almost no new results from what the company previously released in October. However, analysts who parsed through it said the lack of any new negatives in the report means they expect the company will take the data to the Food and Drug Administration.

“The data is so confusing,” said Jared Holz, a health-care strategist at Jefferies, adding the report did show a slightly better response to the drug at higher doses.

Dr. Eric Siemers, an Alzheimer’s expert who previously led Alzheimer’s research at Eli Lilly, also noted the company offered a more detailed look but “almost the same as they showed” previously.

Shares of Biogen were up more than 4% after falling 3% immediately on the news. Prior to the announcement, Biogen shares were halted at $286.83. The stock, which had a market value of nearly $52 billion at the time, is down nearly 5% since the start of the year.

The drug targets a compound in the brain known as beta-amyloid, which is thought to play a role in the devastating disease.

In March, Biogen pulled the plug on its drug after an analysis from an independent audit revealed the experimental medicine was unlikely to work. The news sent its stock tumbling. However, shares of the Cambridge, Massachusetts-based company soared on Oct. 22 after the drugmaker shocked investors by announcing it was seeking regulatory approval for the drug after all.

Biogen said at the time that a new analysis of a larger data set showed that aducanumab “reduced clinical decline in patients with early Alzheimer’s disease” and patients who received the drug “experienced significant benefits on measures of cognition and function such as memory, orientation, and language.”

The findings in October were met with skepticism from investors and analysts who said the results may have just been by chance. Some analysts remained skeptical after Thursday’s results from the two late-stage studies, saying it raised more questions.

Salim Syed, a senior biotech analyst at Mizuho Securities, said in a note to clients that the new data is “not impressive,” adding it “represents a highly selected patients population that may not be representative of a real world.”

Experts discussing the results on a panel Thursday were largely positive.

Sharon Cohen, a primary investigator on Biogen’s trial, said the data is “is exhilarating not just to the scientific community but to our patients as well.”

There are currently no drugs approved that can reverse the mental decline from Alzheimer’s, which is the sixth leading cause of death in the U.S. The FDA has approved Alzheimer’s drugs aimed at helping symptoms, not actually reversing or slowing the disease itself.

— CNBC’s Meg Tirrell contributed to this report.

This is a developing story. Please check back for updates.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: berkeley lovelace jr, in berkeleylovelace
Keywords: news, cnbc, companies, disease, biogen, results, latestage, offered, biogens, data, alzheimers, patients, stock, drug, company, rises, shares, releases


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Jobs report, consumer sentiment, Kudlow speaks: 3 things to watch for Friday

Big jobs reportAll eyes will be on Friday’s jobs report for a clear read on the U.S. labor market. Economists polled by Dow Jones are expecting 187,000 jobs added last month, one of the highest estimates this year ahead of a jobs report. Consumer sentimentWe’ll also get an early read on consumer sentiment in December from the University of Michigan’s Surveys of Consumers data. Economists polled by Dow Jones expected sentiment to rise to 96.5 from 95.6 in November. Consumer sentiment came in high


Big jobs reportAll eyes will be on Friday’s jobs report for a clear read on the U.S. labor market.
Economists polled by Dow Jones are expecting 187,000 jobs added last month, one of the highest estimates this year ahead of a jobs report.
Consumer sentimentWe’ll also get an early read on consumer sentiment in December from the University of Michigan’s Surveys of Consumers data.
Economists polled by Dow Jones expected sentiment to rise to 96.5 from 95.6 in November.
Consumer sentiment came in high
Jobs report, consumer sentiment, Kudlow speaks: 3 things to watch for Friday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: yun li
Keywords: news, cnbc, companies, sentiment, report, jobs, read, speaks, data, polled, things, labor, kudlow, watch, month, consumer, expected


Jobs report, consumer sentiment, Kudlow speaks: 3 things to watch for Friday

Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media outside the White House in Washington, D.C., U.S., on Monday, Oct. 7, 2019. TJ Kirkpatrick | Bloomberg | Getty Images

Here are the most important things to know about Friday before you hit the door.

1. Big jobs report

All eyes will be on Friday’s jobs report for a clear read on the U.S. labor market. The Labor Department is set to release the tally of nonfarm payrolls for November. Economists polled by Dow Jones are expecting 187,000 jobs added last month, one of the highest estimates this year ahead of a jobs report. November’s figure would reflect a temporary boost from returning General Motors autoworkers. The economy added 128,000 jobs in October, far more than expectations. Unemployment rate is expected to stay at 3.6% in November, near the lowest in 50 years. Recent jobs data have been rather confusing: The latest weekly jobless claims dropped to a seven-month low, while ADP data showed private-sector jobs grew at the slowest pace in six months last month.

2. Consumer sentiment

We’ll also get an early read on consumer sentiment in December from the University of Michigan’s Surveys of Consumers data. Economists polled by Dow Jones expected sentiment to rise to 96.5 from 95.6 in November. Consumer sentiment came in higher than expected for November. The survey revealed last month U.S. household wealth is rising, but risks from the ongoing U.S.-China trade war and slow global economic growth could lead to “negative shocks” for consumers.

3. Kudlow on CNBC


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: yun li
Keywords: news, cnbc, companies, sentiment, report, jobs, read, speaks, data, polled, things, labor, kudlow, watch, month, consumer, expected


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Major consumer groups ask FTC to look into ‘predatory’ data collection of children

A broad coalition of consumer groups is calling on the Federal Trade Commission to conduct a sweeping review of digital media companies that target children, according to a letter obtained by CNBC. In addition, the American Academy of Pediatrics (AAP) has signed on to the effort as the medical community grows increasingly worried about children’s digital environment. “Since digital technology evolves rapidly, so must our understanding of how data companies are engaging with children’s informatio


A broad coalition of consumer groups is calling on the Federal Trade Commission to conduct a sweeping review of digital media companies that target children, according to a letter obtained by CNBC.
In addition, the American Academy of Pediatrics (AAP) has signed on to the effort as the medical community grows increasingly worried about children’s digital environment.
“Since digital technology evolves rapidly, so must our understanding of how data companies are engaging with children’s informatio
Major consumer groups ask FTC to look into ‘predatory’ data collection of children Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: ylan mui
Keywords: news, cnbc, companies, predatory, groups, major, childrens, collection, data, letter, media, consumer, look, digital, children, tech, information, ftc, companies, ask


Major consumer groups ask FTC to look into 'predatory' data collection of children

A broad coalition of consumer groups is calling on the Federal Trade Commission to conduct a sweeping review of digital media companies that target children, according to a letter obtained by CNBC.

The coalition includes powerful advocacy organizations such as the Center for Digital Democracy and the Campaign for a Commercial-Free Childhood, which pushed the FTC to investigate Google’s YouTube and eventually led the company to pay a record $170 million settlement this fall. In addition, the American Academy of Pediatrics (AAP) has signed on to the effort as the medical community grows increasingly worried about children’s digital environment.

“Since digital technology evolves rapidly, so must our understanding of how data companies are engaging with children’s information online,” AAP President Dr. Kyle Yasuda said in a statement. “As we pursue the promise of digital media for children’s development, we must design robust protections to keep them safe based on an up-to-date understanding of the digital spaces they navigate.”

The groups want the FTC to use its subpoena power to force digital media companies to share information about how they advertise to children, track them online, and collect and store their data. Though the letter, which is dated Thursday, does not name specific companies, Josh Golin, executive director of the CCFC, said any review would likely encompass media and tech giants such as Disney and Google as well as apps like TikTok or Amazon’s streaming service Twitch.

His group plans to send a follow-up letter to the FTC recommending individual companies to subpoena and will meet with the agency to discuss its concerns next week.

“We need the full power of the law to protect them from predatory data collection, but we can’t protect children from Big Tech business models if we don’t know how those models truly work,” Golin said in a statement.

The FTC is in the midst of reviewing its regulations surrounding the Children’s Online Privacy Protection Act, the federal law that requires companies to obtain parental consent before collecting data from children younger than 13. It comes as tech giants are under heightened scrutiny in Washington, D.C., and around the world over their handling of personal information. Two of the largest platforms already are tightening their own rules for identifying and advertising to children.

In response to its settlement with the FTC, YouTube will ban personalized ads and disable certain features on any content targeting kids starting next year. On Wednesday, Facebook’s Instagram announced that new users will have to provide a birthdate to help prove they are at least 13.

Still, it remains unclear when the FTC might update its regulations. The agency has received more than 160,000 comments so far, including thousands from content creators who are worried that changes to the rules could wind up discouraging them from making kid-friendly videos.

In its letter, the consumer coalition argues that the FTC needs more data from the tech companies themselves before moving forward.

“The FTC cannot base substantive policy decisions on the current dearth of details about how the information ecosystem functions,” the letter states. “Rather, the FTC must conduct and complete a series of long-overdue studies to shed light on these opaque industries before it adopts any privacy-related rulemaking or major policy change.”


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: ylan mui
Keywords: news, cnbc, companies, predatory, groups, major, childrens, collection, data, letter, media, consumer, look, digital, children, tech, information, ftc, companies, ask


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

European markets higher ahead of data and OPEC meeting; Moncler up 11%

The pan-European Stoxx 600 was 0.3% higher with most sectors trading in the black. Household goods was among the top-performing sectors on reports that Kering is considering buying the Italian brand Moncler. Overall, investors are closely monitoring trade talks between China and the U.S. amid mixed signals about their progress. However, President Donald Trump has said that he could decide to delay a trade deal with China until after the 2020 Presidential election. The statement comes after two-d


The pan-European Stoxx 600 was 0.3% higher with most sectors trading in the black.
Household goods was among the top-performing sectors on reports that Kering is considering buying the Italian brand Moncler.
Overall, investors are closely monitoring trade talks between China and the U.S. amid mixed signals about their progress.
However, President Donald Trump has said that he could decide to delay a trade deal with China until after the 2020 Presidential election.
The statement comes after two-d
European markets higher ahead of data and OPEC meeting; Moncler up 11% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: silvia amaro
Keywords: news, cnbc, companies, sectors, trade, moncler, data, opec, statement, china, deal, twodays, trump, higher, meeting, talks, transatlantic, ahead, markets, european


European markets higher ahead of data and OPEC meeting; Moncler up 11%

The pan-European Stoxx 600 was 0.3% higher with most sectors trading in the black. Household goods was among the top-performing sectors on reports that Kering is considering buying the Italian brand Moncler. Shares of the latter rose 11% in early deals.

Overall, investors are closely monitoring trade talks between China and the U.S. amid mixed signals about their progress. According to a Bloomberg report, citing people familiar with the talks, the two economies are moving closer on their first-phase deal. However, President Donald Trump has said that he could decide to delay a trade deal with China until after the 2020 Presidential election.

Elsewhere, a joint statement by NATO leaders on Wednesday said that the transatlantic alliance will stand together against threats from Russia and China. The statement comes after two-days of intense meetings in the U.K., where members clashed over the organization’s role.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: silvia amaro
Keywords: news, cnbc, companies, sectors, trade, moncler, data, opec, statement, china, deal, twodays, trump, higher, meeting, talks, transatlantic, ahead, markets, european


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post