FDA to implement 10-month deadline for e-cigarette applications

A U.S. federal judge on Friday ordered the Food and Drug Administration to impose a 10-month deadline for the submission of e-cigarette applications, turning the screws on companies like Juul Labs whose products have come under intense scrutiny for their popularity among teenagers. “I will impose a ten-month deadline for submissions and a one-year deadline for approval, as the FDA suggested,” U.S. Judge Paul Grimm wrote in a court order on Friday. Before last month, the agency had proposed maker


A U.S. federal judge on Friday ordered the Food and Drug Administration to impose a 10-month deadline for the submission of e-cigarette applications, turning the screws on companies like Juul Labs whose products have come under intense scrutiny for their popularity among teenagers. “I will impose a ten-month deadline for submissions and a one-year deadline for approval, as the FDA suggested,” U.S. Judge Paul Grimm wrote in a court order on Friday. Before last month, the agency had proposed maker
FDA to implement 10-month deadline for e-cigarette applications Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: ashley turner
Keywords: news, cnbc, companies, fda, makers, proposed, applications, products, 10month, ruling, implement, month, ecigarette, public, deadline, judge, submit


FDA to implement 10-month deadline for e-cigarette applications

A U.S. federal judge on Friday ordered the Food and Drug Administration to impose a 10-month deadline for the submission of e-cigarette applications, turning the screws on companies like Juul Labs whose products have come under intense scrutiny for their popularity among teenagers.

The FDA last month proposed the shorter timeline after the U.S. District Court for Maryland ruled in a lawsuit filed by anti-tobacco groups that the agency had exceeded its authority in allowing e-cigarettes to remain on the market until 2022 before companies applied for regulatory approval.

“I will impose a ten-month deadline for submissions and a one-year deadline for approval, as the FDA suggested,” U.S. Judge Paul Grimm wrote in a court order on Friday.

Before last month, the agency had proposed makers of e-cigarettes have until August 2021 to submit a formal application to keep selling their products. But the public health and anti-tobacco groups that originated the suit countered that e-cigarette and cigar makers submit applications within 120 days.

“Today’s ruling is an important step forward for public health and validates FDA’s commitment to accelerate review of these products, particularly the ones that are most attractive to youth,” acting FDA Commissioner Ned Sharpless said.

Juul said in a statement that it was closely assessing the court’s ruling, while adding that it was fully committed to the FDA’s application process.


Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: ashley turner
Keywords: news, cnbc, companies, fda, makers, proposed, applications, products, 10month, ruling, implement, month, ecigarette, public, deadline, judge, submit


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump administration says it will print census without citizenship question

The Trump administration on Tuesday said it will print the 2020 census without a question about citizenship, bringing to an apparent close a contentious legal battle over that aspect of the decennial survey. The announcement comes after the Supreme Court effectively blocked the addition of the question on Thursday. Chief Justice John Roberts, who authored the opinion of the court, wrote that the administration’s explanation for adding the question — that it would bolster efforts to enforce the V


The Trump administration on Tuesday said it will print the 2020 census without a question about citizenship, bringing to an apparent close a contentious legal battle over that aspect of the decennial survey. The announcement comes after the Supreme Court effectively blocked the addition of the question on Thursday. Chief Justice John Roberts, who authored the opinion of the court, wrote that the administration’s explanation for adding the question — that it would bolster efforts to enforce the V
Trump administration says it will print census without citizenship question Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: tucker higgins
Keywords: news, cnbc, companies, decision, census, lawyers, supreme, deadline, court, printing, trump, citizenship, question, print, rights, administration


Trump administration says it will print census without citizenship question

The Trump administration on Tuesday said it will print the 2020 census without a question about citizenship, bringing to an apparent close a contentious legal battle over that aspect of the decennial survey.

The announcement comes after the Supreme Court effectively blocked the addition of the question on Thursday. Chief Justice John Roberts, who authored the opinion of the court, wrote that the administration’s explanation for adding the question — that it would bolster efforts to enforce the Voting Rights Act — appeared “contrived.”

But after that decision was announced, it was not clear whether government lawyers would seek to present another rationale for the question. Any attempt to do so faced a tight deadline. The Census Bureau said it had to begin printing by July 1 or additional resources would be required.

“The Supreme Court’s ruling left little opportunity for the administration to cure the defects with its decision to add a citizenship question and, most importantly, they were simply out of time given the impending deadline for printing forms,” Kristen Clarke, the executive director of the Lawyers’ Committee for Civil Rights Under Law, which successfully challenged the question in federal court in California, said in a statement.


Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: tucker higgins
Keywords: news, cnbc, companies, decision, census, lawyers, supreme, deadline, court, printing, trump, citizenship, question, print, rights, administration


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

White House says it will meet two-year deadline to ban business with Huawei contractors

The White House Office of Management and Budget has told the U.S. Congress it will now meet a two-year deadline to ban federal contracts with companies that do business with Chinese telecom giant Huawei, part of a defense law passed last year, according to a letter seen by Reuters. Last week the OMB had said it would need more time to implement the ban, which requires third-party suppliers and contractors to restrict their purchases and use of Huawei equipment. But the White House reversed cours


The White House Office of Management and Budget has told the U.S. Congress it will now meet a two-year deadline to ban federal contracts with companies that do business with Chinese telecom giant Huawei, part of a defense law passed last year, according to a letter seen by Reuters. Last week the OMB had said it would need more time to implement the ban, which requires third-party suppliers and contractors to restrict their purchases and use of Huawei equipment. But the White House reversed cours
White House says it will meet two-year deadline to ban business with Huawei contractors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13
Keywords: news, cnbc, companies, federal, vought, twoyear, congress, services, law, deadline, ban, meet, letter, defense, house, huawei, business, contractors, white


White House says it will meet two-year deadline to ban business with Huawei contractors

The White House Office of Management and Budget has told the U.S. Congress it will now meet a two-year deadline to ban federal contracts with companies that do business with Chinese telecom giant Huawei, part of a defense law passed last year, according to a letter seen by Reuters.

“Congress has made it clear in recent days the importance of implementing the law within the two years provided, and we will,” Russ Vought, the acting director of OMB, said in a letter to Senator James Inhofe, chairman of the Senate Armed Services Committee.

Last week the OMB had said it would need more time to implement the ban, which requires third-party suppliers and contractors to restrict their purchases and use of Huawei equipment.

But the White House reversed course after “recent conversations with Congress,” Vought said in the letter dated Wednesday.

“As we move forward to meet the statutory deadline without further delay, we will work with Congress to address any unforeseen issues that arise,” Vought said.

The ban is one part of a multifaceted U.S. push against Huawei Technologies, the world’s largest telecoms network gear maker, which Washington accuses of espionage and stealing intellectual property.

Huawei has repeatedly denied it is controlled by the Chinese government, military or intelligence services. It has filed a lawsuit against the U.S. government over the restrictions in the defense policy bill.

The defense law, called the National Defense Authorization Act (NDAA), placed a broad ban on the use of federal money to purchase products from Huawei, citing national security concerns.

It included a ban on direct federal purchases of Huawei equipment, which will take effect this year.


Company: cnbc, Activity: cnbc, Date: 2019-06-13
Keywords: news, cnbc, companies, federal, vought, twoyear, congress, services, law, deadline, ban, meet, letter, defense, house, huawei, business, contractors, white


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stock market on edge as traders wait to see if Trump hikes tariffs

U.S. equity futures were little changed Thursday as traders awaited a midnight deadline for tariffs to increase. Stock futures opened slightly lower, with S&P futures contracts down 0.1%. President Donald Trump set a 12:01 ET deadline to slap higher tariffs on $200 billion worth of Chinese goods. Hours before the meeting Thursday, the president said tariffs are an “excellent” alternative to a trade deal with China. “What concerns me the most is, even if we do get a trade deal — which I think we


U.S. equity futures were little changed Thursday as traders awaited a midnight deadline for tariffs to increase. Stock futures opened slightly lower, with S&P futures contracts down 0.1%. President Donald Trump set a 12:01 ET deadline to slap higher tariffs on $200 billion worth of Chinese goods. Hours before the meeting Thursday, the president said tariffs are an “excellent” alternative to a trade deal with China. “What concerns me the most is, even if we do get a trade deal — which I think we
Stock market on edge as traders wait to see if Trump hikes tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: kate rooney, drew angerer, getty images
Keywords: news, cnbc, companies, week, hikes, trade, president, trump, tariffs, market, edge, futures, deadline, sp, wait, deal, tariff, white, stock, traders


Stock market on edge as traders wait to see if Trump hikes tariffs

U.S. equity futures were little changed Thursday as traders awaited a midnight deadline for tariffs to increase.

Stock futures opened slightly lower, with S&P futures contracts down 0.1%. Dow and Nasdaq futures both fell 0.12%.

China’s Vice Premier Liu He is meeting with top U.S. trade officials Thursday evening in Washington, just hours before the new tariffs are set to go into effect. President Donald Trump set a 12:01 ET deadline to slap higher tariffs on $200 billion worth of Chinese goods. Trump later suggested that the White House could reverse that decision, based on progress in negotiations.

Hours before the meeting Thursday, the president said tariffs are an “excellent” alternative to a trade deal with China.

Peter Boockvar, chief investment officer of Bleakley Advisory Group, said the market reaction will be extreme in either direction, depending on the outcome of Thursday night’s dinner.

“[Friday] is very binary. If you get a deal we’re going to rally — if you don’t, we’re going to take a really nice hit to the downside,” Boockvar said.

Boockvar is predicting an extension of talks and a delay by the White House.

“I understand what they’re trying to do by putting China’s feet to the fire. But I have to believe that they’ll extend the talks and they’ll delay the tariffs,” Boockvar said. “The president will talk tough, and we’ll get a relief rally tomorrow.”

Stocks extended this week’s extreme sell-off on Thursday. The Dow Jones Industrial Average has fallen more than 650 points this week, while the S&P 500 has lost about 2.5% following the president’s Sunday tweet threatening tariff hikes.

On Monday, stocks shook off the president’s weekend tweet as a mere negotiation tactic. But tougher rhetoric by top U.S. trade representative Robert Lighthizer weighed on major indexes. The White House set a Friday deadline to strike a deal before existing tariffs increase from 10% to 25%.

Markets again seesawed after the president said it was possible to get a trade deal with China this week. The Dow fell nearly 450 points at its intraday low on Thursday before cutting losses and ending the day just 138 points down.

Dave Lafferty, chief market strategist at Natixis Investment Managers, said any positive market reaction is still likely to be underwhelming.

“This is the new normal for U.S.-China trade relations — it’s almost become trade policy by tariff threat,” Lafferty said. “What concerns me the most is, even if we do get a trade deal — which I think we will — the market’s positive reaction will be fleeting.”

Still, traders are in a wait-and-see mode.

“The markets are ruled by the news headlines, and at this time, no one can guess which way the president or China is going to go,” said Chris Rupkey, chief financial economist at MUFG Union Bank. Rupkey said investors are “underestimating” U.S. economic damage if tariffs increase permanently.

“Markets have discounted a lot of bad news, but they haven’t discounted a recession as a result of the trade war escalation with China,” he said.

The Cboe Volatility Index, a measure of the 30-day implied volatility of the S&P 500 that’s commonly known as Wall Street’s “fear gauge,” hit its highest level since Jan. 4 on Thursday.

Goldman Sachs assured its clients that even if the tariff hike is implemented at the deadline, there’s room for some sort of deal.

“We note that details in the notice implementing the tariff hike indicate that exports that have already left Chinese ports before May 10 will not be subject to the increase,” Goldman economist Jan Hatzius said. “This creates an unofficial window, potentially lasting a couple of weeks, in which negotiations can continue and generates a ‘soft’ deadline to reach a deal.”

Others are less hopeful. In a note to clients, Cowen Managing Director and Washington strategist Chris Krueger highlighted Trump’s rally Wednesday night in Florida, his tweets over the week, and a comment Thursday that there was an “alternative” to a deal. Krueger said it’s “hard to not be more pessimistic on the U.S.-China narrative, i.e. The Return of Tariff Man.”

“Many are still optimistic tariffs can be avoided one minute past midnight (we are not),” Krueger said.

— CNBC’s Fred Imbert, Yun Li and Michael Bloom contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: kate rooney, drew angerer, getty images
Keywords: news, cnbc, companies, week, hikes, trade, president, trump, tariffs, market, edge, futures, deadline, sp, wait, deal, tariff, white, stock, traders


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Brexit won’t be solved by next deadline, survey of global finance chiefs says

Brexit won’t be solved by the end of October and the European Union (EU) will need to grant yet another deadline, according to a CNBC survey of senior financial executives in boardrooms sited around the world. Within both parties there are deep divides over any joint plan, with a growing chorus calling for a second “confirmatory” referendum on any deal. According to the latest CFO Council quarterly survey, published Tuesday, 35.6% of chief financial officers (CFOs) now see yet another extension


Brexit won’t be solved by the end of October and the European Union (EU) will need to grant yet another deadline, according to a CNBC survey of senior financial executives in boardrooms sited around the world. Within both parties there are deep divides over any joint plan, with a growing chorus calling for a second “confirmatory” referendum on any deal. According to the latest CFO Council quarterly survey, published Tuesday, 35.6% of chief financial officers (CFOs) now see yet another extension
Brexit won’t be solved by next deadline, survey of global finance chiefs says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: david reid
Keywords: news, cnbc, companies, chiefs, cfos, deal, wont, global, brexit, deadline, solved, second, finance, referendum, uk, survey, goods, members, respondents


Brexit won't be solved by next deadline, survey of global finance chiefs says

Brexit won’t be solved by the end of October and the European Union (EU) will need to grant yet another deadline, according to a CNBC survey of senior financial executives in boardrooms sited around the world.

After missing an end of March exit date, Britain and Northern Ireland are now set to leave the EU on October 31, but the withdrawal agreement has not yet been approved by U.K. lawmakers in London.

Representatives from the ruling Conservatives and the main opposition Labour are currently in talks to see if a cross-party deal can break a deadlock which has brought the process to a halt. Within both parties there are deep divides over any joint plan, with a growing chorus calling for a second “confirmatory” referendum on any deal.

The CNBC Global CFO Council represents some of the largest public and private companies in the world, collectively managing nearly $5 trillion in market value.

According to the latest CFO Council quarterly survey, published Tuesday, 35.6% of chief financial officers (CFOs) now see yet another extension to the Brexit deadline as the most probable option. Exactly 20% percent of respondents think Britain will hold another referendum while 26.7% think the country will leave on the October date with a deal in place.

Just 2.2% of those asked believe that Brexit will happen at the end of October with no deal whatsoever. That marks an enormous shift in sentiment from February this year, when 40.7% of chief financial officers thought “no deal” was the most probable option

When broken down into regions, the chances of a second referendum was most pronounced by executives based in Asia with 60% percent of respondents believing that the U.K. would need to go back to the polls in order to finalize the Brexit outcome.

By comparison only 10% of U.S. based CFOs and 6.7% of EMEA executives predicted another referendum would be needed.

The council’s global economic outlook offers a quarterly view for different countries and regions around the globe. This quarter revealed that the U.K. was the only one of 11 areas seen as “declining.” All other areas were rated as “stable,” except for the United States which was upgraded to “improving.”

To other questions asked, 25.9% of respondents said U.S. trade policy was the biggest external risk factor to the success of their businesses. That figure far exceed a cyberattack (7.9%) and Brexit (5.5%) as the next two biggest fears.

The results were collated prior to a fresh tariff threat from President Donald Trump on goods produced and exported by the world’s second biggest economy, China.

Trump said in a tweet Sunday afternoon that the current 10% levies on $200 billion worth of Chinese goods will rise to 25% on Friday. He also threatened to impose 25% tariffs on an additional $325 billion of Chinese goods “shortly.”

Taking into account that the Trump bombshell was as yet unknown to the CFOs, some of the feedback suggested a more bullish outlook for markets in 2019. For stocks, 68.9% expect the Dow Jones Industrial Average will rise above 27,000 this year. That percentage more than doubled from the first quarter survey when just one in three asked were as bullish.

Most CFOs around the world also stated that interest rates are “about right”. That answer was particularly pronounced in the United States where 90% agreed with current levels of borrowing.

More than two-thirds (68.9%) of CFOs surveyed predict no cuts or hike from the U.S. Federal Reserve in 2019 while 22.2% forecast one hike this year.

(Note: 45 of the 124 current members of the CNBC Global CFO Council responded to this quarter’s survey, including 20 North American-based members, 15 EMEA-based members and 10 APAC-based members. The survey was conducted from Apr. 23–30, 2019.)


Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: david reid
Keywords: news, cnbc, companies, chiefs, cfos, deal, wont, global, brexit, deadline, solved, second, finance, referendum, uk, survey, goods, members, respondents


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Here’s what to do if you missed the deadline to file your taxes

For 2019, the deadline to file your taxes was April 15 in nearly all states. If you requested an extension, which also had to be done by April 15, you’ll have until October 15 to file your taxes. An extension to file, however, is not the same as an extension to pay. To avoid accruing interest and facing a late fee, you should have already paid what you owe by the deadline. If you didn’t get it done, there are a few things you need to know to avoid some potentially serious penalties.


For 2019, the deadline to file your taxes was April 15 in nearly all states. If you requested an extension, which also had to be done by April 15, you’ll have until October 15 to file your taxes. An extension to file, however, is not the same as an extension to pay. To avoid accruing interest and facing a late fee, you should have already paid what you owe by the deadline. If you didn’t get it done, there are a few things you need to know to avoid some potentially serious penalties.
Here’s what to do if you missed the deadline to file your taxes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: shawn m carter, caiaimage robert daly, getty images
Keywords: news, cnbc, companies, youll, things, extension, 15, taxes, deadline, victims, file, avoid, heres, states, serious, missed


Here's what to do if you missed the deadline to file your taxes

For 2019, the deadline to file your taxes was April 15 in nearly all states. Residents of Maine and Massachusetts have until April 17, while certain other citizens, including those who live abroad and disaster victims, have longer.

If you requested an extension, which also had to be done by April 15, you’ll have until October 15 to file your taxes. An extension to file, however, is not the same as an extension to pay. To avoid accruing interest and facing a late fee, you should have already paid what you owe by the deadline.

If you didn’t get it done, there are a few things you need to know to avoid some potentially serious penalties.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: shawn m carter, caiaimage robert daly, getty images
Keywords: news, cnbc, companies, youll, things, extension, 15, taxes, deadline, victims, file, avoid, heres, states, serious, missed


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

EU leaders, UK agree to extend Brexit deadline until the end of October

European Union leaders and the U.K. government have agreed to a “flexible extension” of the Brexit deadline until Oct. 31. Donald Tusk, president of the European Council, said this development provides an “additional six months for the UK to find the best possible solution.” After two years of Brexit negotiations, the U.K. was meant to leave the EU on March 29. The EU had already warned that a longer delay would mean that it has to take part in European Parliament elections in late May. The U.K.


European Union leaders and the U.K. government have agreed to a “flexible extension” of the Brexit deadline until Oct. 31. Donald Tusk, president of the European Council, said this development provides an “additional six months for the UK to find the best possible solution.” After two years of Brexit negotiations, the U.K. was meant to leave the EU on March 29. The EU had already warned that a longer delay would mean that it has to take part in European Parliament elections in late May. The U.K.
EU leaders, UK agree to extend Brexit deadline until the end of October Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: holly ellyatt, silvia amaro, christine wang, nurphoto, getty images
Keywords: news, cnbc, companies, delay, eu, european, leaders, end, summit, alternative, brexit, parliament, told, president, uk, deadline, agree, extend


EU leaders, UK agree to extend Brexit deadline until the end of October

European Union leaders and the U.K. government have agreed to a “flexible extension” of the Brexit deadline until Oct. 31.

Donald Tusk, president of the European Council, said this development provides an “additional six months for the UK to find the best possible solution.”

The emergency summit was convened after Prime Minister Theresa May requested a further delay to the U.K.’s departure from the bloc.

She was forced to ask for more time after U.K. lawmakers rejected the Brexit deal she struck with the EU last year in three parliamentary votes on the agreement. Members of Parliament (MPs) have also failed to reach a majority in support of alternative options, however.

May has been holding talks with opposition Labour leader Jeremy Corbyn in the hope that a compromise or alternative plan can be found, but this has so far proved elusive.

After two years of Brexit negotiations, the U.K. was meant to leave the EU on March 29. With Parliament not backing the deal on offer, the government asked for a short delay to April 12 in order to get backing for an alternative Brexit strategy.

As that has failed to materialize, May was forced last week to ask for a longer delay to June 30 in order to prevent the U.K. leaving the bloc without a deal.

The EU had already warned that a longer delay would mean that it has to take part in European Parliament elections in late May. The U.K. would have to take part in those elections and vote on representatives to the European Parliament. Those members would stop working for the EU on the day the U.K. leaves the bloc.

A source familiar with the negotiations told CNBC that France was the toughest to convince. Diplomatic sources told Reuters that French President Emmanuel Macron said a delay beyond June 30 would undermine the bloc. Some diplomats expressed frustration with his stance, suggesting that Paris was adding more uncertainty to the summit.


Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: holly ellyatt, silvia amaro, christine wang, nurphoto, getty images
Keywords: news, cnbc, companies, delay, eu, european, leaders, end, summit, alternative, brexit, parliament, told, president, uk, deadline, agree, extend


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

UK faces Brexit reckoning with no-deal deadline just days away

The U.K.’s political future looks as uncertain as ever this week with cross-party talks over Brexit still bearing no compromise ahead of crucial decisions that need to be made. Meanwhile on the continent, all eyes are on EU leaders who will meet Wednesday and must decide whether to grant the U.K. more time to leave the bloc, or not. The U.K. is due to leave the EU on April 12 if the EU does not grant the country an extension to Brexit. A majority of U.K. lawmakers have rejected her Brexit deal t


The U.K.’s political future looks as uncertain as ever this week with cross-party talks over Brexit still bearing no compromise ahead of crucial decisions that need to be made. Meanwhile on the continent, all eyes are on EU leaders who will meet Wednesday and must decide whether to grant the U.K. more time to leave the bloc, or not. The U.K. is due to leave the EU on April 12 if the EU does not grant the country an extension to Brexit. A majority of U.K. lawmakers have rejected her Brexit deal t
UK faces Brexit reckoning with no-deal deadline just days away Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: holly ellyatt, christian hartmann, afp, getty images
Keywords: news, cnbc, companies, political, faces, talks, deadline, leave, eu, brexit, extension, reckoning, uk, days, nodeal, week, deal, away, grant


UK faces Brexit reckoning with no-deal deadline just days away

The U.K.’s political future looks as uncertain as ever this week with cross-party talks over Brexit still bearing no compromise ahead of crucial decisions that need to be made.

Meanwhile on the continent, all eyes are on EU leaders who will meet Wednesday and must decide whether to grant the U.K. more time to leave the bloc, or not.

Last week, Prime Minister Theresa May requested an extension to Brexit to June 30 but there are strong signals of dissent in Europe over granting the U.K. more time; France, in particular, is not keen. The U.K. is due to leave the EU on April 12 if the EU does not grant the country an extension to Brexit.

A majority of U.K. lawmakers have rejected her Brexit deal three times, while also rejecting a no-deal Brexit and failing to reach a consensus for any alternative options. May has now resorted to holding talks with her political rival, Labour party leader Jeremy Corbyn, to find a way out of the Brexit impasse.

Talks have so far yielded little agreement, however, and are expected to continue Monday.

As it stands, if the EU refuses to grant the U.K. an extension to June 30 (or counter-propose a longer extension) the U.K. could be faced with a stark choice on Friday April 12 — leave the EU without a deal in place or revoke the whole departure process (known as Article 50) entirely.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: holly ellyatt, christian hartmann, afp, getty images
Keywords: news, cnbc, companies, political, faces, talks, deadline, leave, eu, brexit, extension, reckoning, uk, days, nodeal, week, deal, away, grant


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dow rises more than 150 points after Trump pushes back March trade deal deadline

Trump hinted last week that a delay may be happening when he said the early March deadline was not a “magical date.” “The market seems to expect a grand ‘trade deal’ soon that marks a NAFTA2 -like quiet end to President Trump’s trade actions,” Barry Bannister, head of institutional equity strategy at Stifel, wrote in a note. Sentiment was also lifted after General Electric announced it will sell its biopharmaceutical business to Danaher for $21.4 billion. Meanwhile, Barrick Gold launched a bid t


Trump hinted last week that a delay may be happening when he said the early March deadline was not a “magical date.” “The market seems to expect a grand ‘trade deal’ soon that marks a NAFTA2 -like quiet end to President Trump’s trade actions,” Barry Bannister, head of institutional equity strategy at Stifel, wrote in a note. Sentiment was also lifted after General Electric announced it will sell its biopharmaceutical business to Danaher for $21.4 billion. Meanwhile, Barrick Gold launched a bid t
Dow rises more than 150 points after Trump pushes back March trade deal deadline Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: fred imbert, scott eells, bloomberg, getty images
Keywords: news, cnbc, companies, 150, trump, levels, points, deadline, dow, trade, week, pushes, deal, weekly, president, major, rises, gold, newton


Dow rises more than 150 points after Trump pushes back March trade deal deadline

Trump hinted last week that a delay may be happening when he said the early March deadline was not a “magical date.” The news also comes after sources familiar with the situation told CNBC last week that the United States and China are discussing a late March meeting between Trump and Chinese President Xi Jinping in Florida.

“The market seems to expect a grand ‘trade deal’ soon that marks a NAFTA2 -like quiet end to President Trump’s trade actions,” Barry Bannister, head of institutional equity strategy at Stifel, wrote in a note. However, “major deals bring unexpected changes, and also the U.S./Europe (autos) conflict awaits.”

Sentiment was also lifted after General Electric announced it will sell its biopharmaceutical business to Danaher for $21.4 billion. News of the deal sent GE shares flying more than 8 percent. Danaher’s stock jumped 7.8 percent.

Meanwhile, Barrick Gold launched a bid to acquire Newmont Mining for $7 billion in an all-stock deal. If approved, the deal would come after years of stagnant gold prices. The precious metal has been trading between $1,000 and $1,400 per ounce in recent years.

The major indexes kicked off the week after notching solid weekly gains. Last week, the Dow and Nasdaq posted their ninth straight weekly gain, while the S&P 500 recorded its eight one-week gain in nine.

“While sentiment is growing a bit more constructive from its December 2018 pessimistic levels, it’s nowhere near levels of complacency that marked the peak around this time last year,” said Mark Newton, managing member at Newton Advisors. “Heading into the final week of February, there still seems to be little with regards to price or momentum lately that would suggest this trend is stalling out.”

—CNBC’s Spriha Srivastava and Eustance Huang contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: fred imbert, scott eells, bloomberg, getty images
Keywords: news, cnbc, companies, 150, trump, levels, points, deadline, dow, trade, week, pushes, deal, weekly, president, major, rises, gold, newton


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Next week will be pivotal for markets with trade deadline, Powell, Trump-Kim, Mueller and more

The coming week could be one of the most pivotal for the White House and the markets, depending on how President Donald Trump chooses to proceed with China trade tariffs and what is in a possible report from special counsel Robert Mueller on the president’s campaign. U.S.-China trade talks apparently have been making progress, and in a positive sign, sources say a possible meeting between Trump and Chinese President Xi Jinping is being discussed for late March. Strategists expect some eventual d


The coming week could be one of the most pivotal for the White House and the markets, depending on how President Donald Trump chooses to proceed with China trade tariffs and what is in a possible report from special counsel Robert Mueller on the president’s campaign. U.S.-China trade talks apparently have been making progress, and in a positive sign, sources say a possible meeting between Trump and Chinese President Xi Jinping is being discussed for late March. Strategists expect some eventual d
Next week will be pivotal for markets with trade deadline, Powell, Trump-Kim, Mueller and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: patti domm, jim young
Keywords: news, cnbc, companies, trumpkim, pivotal, markets, trump, week, president, mueller, shutdown, powell, report, deadline, trade, data, possible, tariffs


Next week will be pivotal for markets with trade deadline, Powell, Trump-Kim, Mueller and more

The coming week could be one of the most pivotal for the White House and the markets, depending on how President Donald Trump chooses to proceed with China trade tariffs and what is in a possible report from special counsel Robert Mueller on the president’s campaign.

U.S.-China trade talks apparently have been making progress, and in a positive sign, sources say a possible meeting between Trump and Chinese President Xi Jinping is being discussed for late March. Strategists expect some eventual deal to be reached, but first and foremost, the March 2 deadline on new tariffs looms at the end of the week. For now, it looks like the deadline could be extended.

Mueller is expected to provide a report to Attorney General William Barr on what he found out about the Trump campaign and Russia in the next several days, according to news reports. Barr could then pass the report, or a summary of it, to Congress.

The week is packed with major events that could be market moving, including two days of economic testimony from Federal Reserve Chairman Jerome Powell. He appears before the Senate Banking Committee on Tuesday, and then a House committee Wednesday for the semiannual testimony.

Trump also heads to Vietnam for a summit with North Korean leader Kim Jong Un on Wednesday and Thursday, and U.K. Prime Minister Theresa May faces another Brexit vote in parliament.

The markets are also closely watching U.S. economic data after a string of misses on manufacturing and consumer data rattled stocks in the past couple of weeks. The lack of government data during the 35-day government shutdown has made it more difficult than usual to get a handle on the economy, and some economists now see fourth-quarter and first-quarter growth running at just 2 percent or below. Fourth-quarter GDP, delayed because of the shutdown, is finally released on Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: patti domm, jim young
Keywords: news, cnbc, companies, trumpkim, pivotal, markets, trump, week, president, mueller, shutdown, powell, report, deadline, trade, data, possible, tariffs


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post