Ford’s China sales decline again despite new models

Ford Motor’s July-to-September vehicle sales in China fell 30%, as the U.S. automaker continued to lose ground in a prolonged sales decline in its second-biggest market. The Dearborn, Michigan-based automaker delivered 131,060 vehicles in China in the third quarter, Ford said in a statement. Ford’s sales in China fell 35.8% in the first quarter and by 21.7% in the second quarter. In the third quarter, sales of the automaker’s mass-market Ford brand fell 37.7%, while its luxury division Lincoln s


Ford Motor’s July-to-September vehicle sales in China fell 30%, as the U.S. automaker continued to lose ground in a prolonged sales decline in its second-biggest market. The Dearborn, Michigan-based automaker delivered 131,060 vehicles in China in the third quarter, Ford said in a statement. Ford’s sales in China fell 35.8% in the first quarter and by 21.7% in the second quarter. In the third quarter, sales of the automaker’s mass-market Ford brand fell 37.7%, while its luxury division Lincoln s
Ford’s China sales decline again despite new models Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michael wayland
Keywords: news, cnbc, companies, automaker, quarter, vehicle, delivered, vehicles, fords, models, sales, fell, decline, ford, statementfords, china, despite


Ford's China sales decline again despite new models

Ford Motor’s July-to-September vehicle sales in China fell 30%, as the U.S. automaker continued to lose ground in a prolonged sales decline in its second-biggest market.

The Dearborn, Michigan-based automaker delivered 131,060 vehicles in China in the third quarter, Ford said in a statement.

Ford’s sales in China fell 35.8% in the first quarter and by 21.7% in the second quarter.

In the third quarter, sales of the automaker’s mass-market Ford brand fell 37.7%, while its luxury division Lincoln saw sales drop by 24.1%. It delivered around 421,000 vehicles in the first nine months of the year, according to Reuters calculations.


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michael wayland
Keywords: news, cnbc, companies, automaker, quarter, vehicle, delivered, vehicles, fords, models, sales, fell, decline, ford, statementfords, china, despite


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Profits expected to fall as earnings season kicks off in the week ahead

As a group, their margins are expected to contract by 14.8%, compared with 3.6% for all other S&P 500 companies combined. Exxon for example saw a decline in margins of 34%, and Credit Suisse estimates that pared 0.6% off overall S&P 500 earnings growth. Credit Suisse says the consensus decline in Amazon margins is expected to be 42.5%, denting S&P earnings growth by 0.3%. Despite the downbeat expectations for third-quarter earnings, companies may issue more positive outlooks depending on how the


As a group, their margins are expected to contract by 14.8%, compared with 3.6% for all other S&P 500 companies combined. Exxon for example saw a decline in margins of 34%, and Credit Suisse estimates that pared 0.6% off overall S&P 500 earnings growth. Credit Suisse says the consensus decline in Amazon margins is expected to be 42.5%, denting S&P earnings growth by 0.3%. Despite the downbeat expectations for third-quarter earnings, companies may issue more positive outlooks depending on how the
Profits expected to fall as earnings season kicks off in the week ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: patti domm
Keywords: news, cnbc, companies, decline, profits, going, earnings, companies, ahead, growth, trade, kicks, margins, week, 500, season, expected, fall


Profits expected to fall as earnings season kicks off in the week ahead

The third-quarter earnings season kicks off in the coming week, and it is likely to expose how much the trade war has cost companies’ bottom lines.

First out of the gate are major banks and financial companies, with J.P. Morgan, Citigroup, Wells Fargo, BlackRock and Goldman Sachs reporting Tuesday. But by the end of the week, a smattering of industrial, tech, transportation and consumer names will have reported, including Alcoa and Honeywell. Netflix and IBM report Wednesday, and consumer giant Coca-Cola reports Friday. United Airlines reports Tuesday, and CSX reports Wednesday.

Besides earnings, some important economic reports are being released, including retail sales on Wednesday and industrial production Thursday.

Earnings for the S&P 500 are expected to decline by 3.1% for the third quarter, after growing by more than 3% in the second quarter, according to data from Refinitiv. For the second quarter, earnings were also expected to be negative to flat, but results beat lowered expectations.

“The story of are we going to be negative, or are we not going to be negative, is going to be in focus,” said Patrick Palfrey, senior equity strategist at Credit Suisse.

Palfrey said margins are being pinched in several areas, including energy, with the decline in oil prices. Oil has been responding more to worries about global growth and trade wars than to geopolitical developments that normally could drive it higher. West Texas Intermediate crude was down 7.5% in the third quarter.

“We are of the view that companies will likely devote a significant portion of their time talking about the impact of trade tariffs,” Palfrey said. “The goal is to ascertain just how much the decline in earnings is coming from those pressures.”

The decline in oil prices, in fact, are expected to drag down profits in the energy sector. Earnings for the energy sector are expected to be down 32%, while revenues are expected to fall by 9.5%, according to Credit Suisse. Margins for the sector are expected to contract by 22.7%. Without energy estimates included, S&P profits would be down just 1%, according to Refinitiv.

“We think margins are going to subtract 5.9% from EPS growth of the S&P 500,” said Palfrey. He projects earnings overall to decline by 4.2%, and he does not expect the stock market to make much headway during the earnings season.

“I think we’re moving sideways. The real backstop is the environment, while under pressure, it is nonrecessionary, and that will ultimately prevent the market from materially selling off,” said Palfrey.

Palflrey said a group he calls “tech plus,” which include tech and communications companies, have taken some of the biggest margin hits this quarter even though revenue growth remains solid. Six of the top 10 companies whose margins impacted S&P earnings growth the most are from that group, including Alphabet , Amazon, Apple, Facebook, IBM and Micron.

As a group, their margins are expected to contract by 14.8%, compared with 3.6% for all other S&P 500 companies combined.

ExxonMobil and Occidental Petroleum are on the list of companies with the biggest margin hits. Exxon for example saw a decline in margins of 34%, and Credit Suisse estimates that pared 0.6% off overall S&P 500 earnings growth. Credit Suisse says the consensus decline in Amazon margins is expected to be 42.5%, denting S&P earnings growth by 0.3%.

“At least for earnings, it’s a relatively positive backdrop. We should see a little bit of clarity on the whole China trade,” said Paul Hickey, co-founder of Bespoke. Hickey said in the past two quarters, stocks did well at the start of the reporting season, but they were then derailed by trade developments in the latter part of the earnings period.

Palfrey said the market is being held back by several factors, including the slowdown in the manufacturing sector. “I think it’s going to be difficult for the market to move meaningfully higher without an improvement in industrial data and without the yield curve becoming uninverted,” he said.

ISM manufacturing data has been weakening and has shown a contraction in activity for the past two months.

The inverted yield curve is a bond market recession warning. When the curve is inverted, shorter duration securities yield more than longer duration securities, meaning investors are demanding a higher yield to hold investments for a much briefer time. In this case, the 3-month Treasury bill was yielding about 11 more basis points than the 10-year note.

Hickey said there could be some positives in the earnings season, like last quarter. Negative revisions of earnings estimates by analysts are outnumbering positive revisions by about 2 to 1. He noted in the last two quarters, stocks responded well to earnings news in the beginning of the reporting period but then faded when negative headlines on trade in the latter part of each earnings season.

“Expectations seem pretty low. We’ve had analysts’ downward revisions remain elevated, as they’ve been heading into prior warning seasons. But we haven’t necessarily seen the number of warnings from companies rising,” he said. “It could be a positive divergence that analysts are lowering earnings estimates at a higher-than-average rate, but companies aren’t warning at a higher-than-average rate.”

Financial companies profits are expected to be up by 1.4%, and real estate is expected to see the best profit growth with a gain of 2.7%, according to Refinitiv. The information technology sector is expected to see a profit decline of 7.6%, and communications is expected to be 1% lower, according to Refinitiv. Materials is expected to see the biggest decline after energy. Sensitive to global growth and manufacturing, the sector’s earnings are expected to fall 11.1%.

Despite the downbeat expectations for third-quarter earnings, companies may issue more positive outlooks depending on how the U.S.-China trade talks end. Investor confidence around a limited trade deal grew on Friday after President Donald Trump said the talks were going well. Trump was scheduled to meet with Chinese Vice Premier Liu He at the White House at 2:45 p.m. ET.

Stocks rallied Friday on the upbeat trade expectations. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were all up more than 1%. The Dow and S&P 500 were also up around 1% for the week and were set to snap a three-week losing streak.


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: patti domm
Keywords: news, cnbc, companies, decline, profits, going, earnings, companies, ahead, growth, trade, kicks, margins, week, 500, season, expected, fall


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks in Asia decline amid US-China trade uncertainty

Stocks in Asia traded lower Wednesday afternoon amid growing uncertainty over the high-level trade negotiations between the U.S. and China due to commence later this week. Mainland Chinese stocks declined by the afternoon, with the Shanghai composite down 0.14% and Shenzhen component declining 0.54%. U.S. President Donald Trump has said the increase in duties will kick in if no progress is made in bilateral trade negotiations. “It is clear from just the events of today and recent days that the t


Stocks in Asia traded lower Wednesday afternoon amid growing uncertainty over the high-level trade negotiations between the U.S. and China due to commence later this week. Mainland Chinese stocks declined by the afternoon, with the Shanghai composite down 0.14% and Shenzhen component declining 0.54%. U.S. President Donald Trump has said the increase in duties will kick in if no progress is made in bilateral trade negotiations. “It is clear from just the events of today and recent days that the t
Stocks in Asia decline amid US-China trade uncertainty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: eustance huang
Keywords: news, cnbc, companies, chinese, decline, uschina, washington, stocks, asia, negotiations, shares, tech, dropped, tariffs, uncertainty, amid, trade


Stocks in Asia decline amid US-China trade uncertainty

Stocks in Asia traded lower Wednesday afternoon amid growing uncertainty over the high-level trade negotiations between the U.S. and China due to commence later this week. Mainland Chinese stocks declined by the afternoon, with the Shanghai composite down 0.14% and Shenzhen component declining 0.54%. The Shenzhen composite also slipped 0.347%. Hong Kong’s Hang Seng index shed 0.68% as shares of Chinese tech behemoth Tencent dropped 1.24%. The Nikkei 225 in Japan slipped 0.64% while the Topix index shed 0.42%. In Australia, the S&P/ASX 200 declined 0.7% as most of the sectors traded lower. Overall, the MSCI Asia ex-Japan index shed 0.57%. Markets in South Korea are closed on Wednesday for a holiday.

Apple suppliers fall

Shares of Apple suppliers in Asia largely declined following criticism from Chinese state media on the U.S. tech giant’s decision to allow an app on its app store used by protestors in Hong Kong. The app in question, HKmap.live, tracks the movement of police around the city. In Japan, shares of Sharp dropped 2.63% while Murata Manufacturing rose 0.11%. Sunny Optical shares in Hong Kong plunged 3% as AAC Tech also fell 3.26%. Contract manufacturer Pegatron’s stock fell 1.27%, as did shares of Taiwan Semiconductor Manufacturing Company, which was down 1.22%. iPhone assembler Hon Hai Precision Industry, better known as Foxconn, also dropped 0.81%. Shares of China-based Luxshare and GoerTek fell 5.08% and 4.09%, respectively. Both companies assemble Apple’s AirPods.

US-China tensions

Investors watch for market reaction to overnight developments in U.S.-China tensions. Washington expanded its trade blacklist to include some of China’s top artificial intelligence firms on Monday, in response to Beijing’s alleged treatment of predominantly Muslim ethnic minorities. For its part, China’s Ministry of Commerce said the U.S. should “stop interfering” in the country’s internal affairs and “remove” the relevant entities from the list “as soon as possible.” Those latest developments cloud the outlook for the upcoming U.S.-China trade negotiations, set to kick off on Thursday amid the looming prospect of more tariffs from Washington on goods from Beijing. The White House has scheduled an increase in U.S. tariffs on $250 billion worth of Chinese goods to 30% from 25% on Oct. 15. U.S. President Donald Trump has said the increase in duties will kick in if no progress is made in bilateral trade negotiations. “It is clear from just the events of today and recent days that the trade negotiations with China are definitely not getting any closer to resolution. If anything, they’re getting further away,” Carl Tannenbaum, chief economist at Northern Trust, told CNBC’s “Squawk Box” on Wednesday. “The two sides — even though there are still negotiations scheduled for Thursday of this week in Washington — seem to be taking steps on both sides to distance themselves from one another,” Tannenbaum added. “In that context, the trade headwind that the economy has been facing around the world is certainly going to remain there if not intensify.” The protracted trade fight between the U.S. and China has already lasted for more than a year, with both parties slapping tariffs on billions of dollars worth of each other’s goods, denting investor sentiment and raising fears over the outlook for the global economy.

Asia-Pacific Market Indexes Chart

Overnight on Wall Street, stocks tumbled amid the dented hopes for a U.S.-China trade deal. The Dow Jones Industrial Average plunged 313.98 points to close at 26,164.04 while the S&P 500 slipped 1.6% to end its trading day stateside 2,893.06. The Nasdaq Composite dropped 1.7% to close at 7,823.78.

Currencies and oil


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: eustance huang
Keywords: news, cnbc, companies, chinese, decline, uschina, washington, stocks, asia, negotiations, shares, tech, dropped, tariffs, uncertainty, amid, trade


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

US producer prices post the biggest decline in eight months in September

The producer price index for final demand dropped 0.3% last month, weighed down by decreases in the costs of goods and services, the government said. Excluding the volatile food, energy and trade services components, producer prices were unchanged last month after jumping 0.4% in August. The so-called core PPI increased 1.7% in the 12 months through September after climbing 1.9% in August. The Fed, which has a 2% annual inflation target, tracks the core personal consumption expenditures (PCE) pr


The producer price index for final demand dropped 0.3% last month, weighed down by decreases in the costs of goods and services, the government said. Excluding the volatile food, energy and trade services components, producer prices were unchanged last month after jumping 0.4% in August. The so-called core PPI increased 1.7% in the 12 months through September after climbing 1.9% in August. The Fed, which has a 2% annual inflation target, tracks the core personal consumption expenditures (PCE) pr
US producer prices post the biggest decline in eight months in September Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: fred imbert
Keywords: news, cnbc, companies, cut, index, months, core, prices, yearonyear, producer, rates, post, price, ppi, trade, decline, biggest


US producer prices post the biggest decline in eight months in September

U.S. producer prices unexpectedly fell in September, leading to the smallest annual increase in nearly three years, which could give the Federal Reserve room to cut interest rates again later this month.

The weak producer inflation readings reported by the Labor Department on Tuesday came against the backdrop of a slowing economy amid trade tensions and cooling growth overseas. The Fed cut rates in September after reducing borrowing costs in July for the first time since 2008, to keep the longest economic expansion on record, now in its 11th year, on track.

The producer price index for final demand dropped 0.3% last month, weighed down by decreases in the costs of goods and services, the government said. That was the largest decline since January and followed a 0.1% gain in August.

In the 12 months through September the PPI increased 1.4%, the smallest gain since November 2016, after rising 1.8% in August. Economists polled by Reuters had forecast the PPI nudging up 0.1% in September and advancing 1.8% on a year-on-year basis.

Excluding the volatile food, energy and trade services components, producer prices were unchanged last month after jumping 0.4% in August. The so-called core PPI increased 1.7% in the 12 months through September after climbing 1.9% in August.

The Fed, which has a 2% annual inflation target, tracks the core personal consumption expenditures (PCE) price index for monetary policy. The core PCE price index rose 1.8% on a year-on-year basis in August and has undershot its target this year.

Some economists expect the U.S. central bank could cut rates at its Oct. 29-30 policy meeting amid signs that the Trump administration’s 15-month trade war with China, which has weighed on business investment and pushed manufacturing into recession, was impacting the broader economy.


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: fred imbert
Keywords: news, cnbc, companies, cut, index, months, core, prices, yearonyear, producer, rates, post, price, ppi, trade, decline, biggest


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Asia stocks decline amid renewed slowdown fears

Stocks in Asia slipped on Wednesday amid renewed fears of a global economic slowdown. Hong Kong’s Hang Seng index declined fractionally in afternoon trade, as shares of Chinese tech behemoth Tencent slipped 1.39%. Elsewhere, Japan’s Nikkei 225 shed 0.49% to close at 21,778.61 as shares of index heavyweights Softbank Group and Fanuc dropped 2.67% and 2.22%, respectively. The moves across the region came ahead of Hong Kong retail sales data for August, set to be released on Wednesday. “There is a


Stocks in Asia slipped on Wednesday amid renewed fears of a global economic slowdown. Hong Kong’s Hang Seng index declined fractionally in afternoon trade, as shares of Chinese tech behemoth Tencent slipped 1.39%. Elsewhere, Japan’s Nikkei 225 shed 0.49% to close at 21,778.61 as shares of index heavyweights Softbank Group and Fanuc dropped 2.67% and 2.22%, respectively. The moves across the region came ahead of Hong Kong retail sales data for August, set to be released on Wednesday. “There is a
Asia stocks decline amid renewed slowdown fears Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-02  Authors: eustance huang
Keywords: news, cnbc, companies, decline, index, declined, australia, stocks, renewed, fears, slipped, kong, data, hong, asia, amid, weak, shares, trading, slowdown


Asia stocks decline amid renewed slowdown fears

Stocks in Asia slipped on Wednesday amid renewed fears of a global economic slowdown.

Hong Kong’s Hang Seng index declined fractionally in afternoon trade, as shares of Chinese tech behemoth Tencent slipped 1.39%.

Elsewhere, Japan’s Nikkei 225 shed 0.49% to close at 21,778.61 as shares of index heavyweights Softbank Group and Fanuc dropped 2.67% and 2.22%, respectively. The Topix index also slipped 0.42% to finish its trading day at 1,596.29. Over in South Korea, the Kospi declined 1.95% to close at 2,031.91.

The S&P/ASX 200 in Australia ended its trading day 1.53% lower at 6,639.90 as most of the sectors declined. Shares of National Australia Bank dropped 2.29% after the lender announced Wednesday that it would incur additional charges of 1.18 billion Australian dollars ($791.96 million), which is expected to slash its cash earnings in the second half of fiscal 2019 by about 1.123 billion Australian dollars ($753.70 million) after tax.

Overall, the MSCI Asia ex-Japan index traded 0.7% lower.

Meanwhile, manufacturing activity in the U.S. contracted to its worst level since June 2009, according to a Tuesday report from the Institute for Supply Management (ISM). That came on the back of the release of weak manufacturing data from Europe.

“The very weak ISM, weak levels of (capital expenditure) plans, and inversion of parts of the US yield curve suggests a growing risk the US economy falls into recession,” Joseph Capurso, senior currency strategist at Commonwealth Bank of Australia, wrote in a note.

Markets in China and India were closed on Wednesday for holidays.

The moves across the region came ahead of Hong Kong retail sales data for August, set to be released on Wednesday. The sector has taken a hit amid protracted protests in the city that have lasted for months and periodically degenerated into violence. That comes on top of the ongoing U.S.-China trade war, which has lasted more than a year and taken a toll on Hong Kong’s economy.

“There is a recession underway in Hong Kong at the moment,” Isaac Poole, chief investment officer of Oreana Financial Services, told CNBC’s “Street Signs” on Wednesday.

“If we look back at the data we’ve now had three quarters of negative growth in the last five … in Hong Kong,” Poole said, adding that the third quarter this year is likely to be negative.


Company: cnbc, Activity: cnbc, Date: 2019-10-02  Authors: eustance huang
Keywords: news, cnbc, companies, decline, index, declined, australia, stocks, renewed, fears, slipped, kong, data, hong, asia, amid, weak, shares, trading, slowdown


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Tariff-hit tech companies are telling markets to prepare for the worst from earnings

Technology companies, which face some of the biggest tariff impacts, have been slashing expectations for third-quarter earnings at a record pace. “The number of companies being cautious going forward with guidance is a reflection of the tariffs. Earnings for that group are now forecast to show a 30.3% decline, down sharply from the 22.1% previous estimate. “I think you’ll see the cloud lift” once a trade deal gets done. “So, it follows that evolving changes in 2021 earnings expectations will lik


Technology companies, which face some of the biggest tariff impacts, have been slashing expectations for third-quarter earnings at a record pace. “The number of companies being cautious going forward with guidance is a reflection of the tariffs. Earnings for that group are now forecast to show a 30.3% decline, down sharply from the 22.1% previous estimate. “I think you’ll see the cloud lift” once a trade deal gets done. “So, it follows that evolving changes in 2021 earnings expectations will lik
Tariff-hit tech companies are telling markets to prepare for the worst from earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-01  Authors: jeff cox
Keywords: news, cnbc, companies, companies, sector, worst, earnings, decline, deal, telling, tariffhit, tech, guidance, expectations, trade, think, markets, prepare, tariff


Tariff-hit tech companies are telling markets to prepare for the worst from earnings

That comes as overall S&P 500 earnings, with 16 companies reporting so far, are tracking at a blended 3.8% decline from the same period a year ago and as markets are looking to gauge what impact the U.S.-China tariff war has had more than a year after it began.

With the kickoff to the heart of earnings season still about two weeks away, some 29 information technology sector companies have lowered their guidance, which is the biggest number since FactSet starting tracking the data in 2006.

Technology companies, which face some of the biggest tariff impacts, have been slashing expectations for third-quarter earnings at a record pace.

“The number of companies being cautious going forward with guidance is a reflection of the tariffs. That has always been in my view what the critical factor is going to be,” said Michael Yoshikami, founder of Destination Wealth Management. “The rubber hasn’t met the road quite yet, but i think it is getting close. That is something to be concerned about.”

As a sector, technology is projected to show a 10.1% decline from the third quarter in 2018.

At the industry level, expectations have fallen most for semiconductors and equipment, an area especially hit by tariffs. Earnings for that group are now forecast to show a 30.3% decline, down sharply from the 22.1% previous estimate.

Companies that have seen sharp reductions in the semis space include Western Digital, Analog Devices and Advanced Micro Devices. Micron is one of the few companies to have reported Q3 earnings so far and posted an 84.9% decline

Electronic equipment instruments and components also has come down to an estimated 8.9% decline from 4.4% previously, according to FactSet.

Yoshikami said the prospects are likely to only get worse unless the Trump administration reaches a deal soon with China.

“You could actually have a negative impact that won’t show up for three or four months. That’s why I think a deal is better sooner rather than later,” he said. “I think you’ll see the cloud lift” once a trade deal gets done.

To be sure, markets have held up remarkably well despite the trade concerns. Major indexes continue to hover around record territory despite all the geopolitical turmoil.

However, a report Tuesday from the Institute for Supply Manufacturing Survey shows the sector at its weakest rate since June 2009, and comments from participants show a clear link to tariff concerns. Should corporate CEOs echo those concerns with poor guidance, that would provide a stern test for the market to advance from here.

“US stocks have rallied sharply this year because investors expect that an eventual US-China trade deal combined with a more dovish Fed will lead to a noticeable bump in future earnings,” Michael Arone, chief investment strategist at State Street Global Advisors, said in a recent report. “So, it follows that evolving changes in 2021 earnings expectations will likely determine what investors should expect from stock prices in 2020.”


Company: cnbc, Activity: cnbc, Date: 2019-10-01  Authors: jeff cox
Keywords: news, cnbc, companies, companies, sector, worst, earnings, decline, deal, telling, tariffhit, tech, guidance, expectations, trade, think, markets, prepare, tariff


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

US job openings decline for second straight month

Boeing plane deliveries down 72% in AugustBoeing Co handed over around a quarter as many planes in August as it did a year ago, pushing total deliveries so far this year down more than 40%, as the worldwide grounding…Airlinesread more


Boeing plane deliveries down 72% in AugustBoeing Co handed over around a quarter as many planes in August as it did a year ago, pushing total deliveries so far this year down more than 40%, as the worldwide grounding…Airlinesread more
US job openings decline for second straight month Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10
Keywords: news, cnbc, companies, handed, planes, worldwide, plane, openings, far, job, second, deliveries, pushing, total, straight, month, decline, groundingairlinesread, quarter


US job openings decline for second straight month

Boeing plane deliveries down 72% in August

Boeing Co handed over around a quarter as many planes in August as it did a year ago, pushing total deliveries so far this year down more than 40%, as the worldwide grounding…

Airlines

read more


Company: cnbc, Activity: cnbc, Date: 2019-09-10
Keywords: news, cnbc, companies, handed, planes, worldwide, plane, openings, far, job, second, deliveries, pushing, total, straight, month, decline, groundingairlinesread, quarter


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dow turns positive, erases 118-point loss on report China could agree to buy more US agricultural products

Stocks fell on Tuesday, weighed down by a continuing decline in tech shares while Ford was pressured by a downgrade to its credit rating. The Dow Jones Industrial Average traded 110 points lower, or 0.4%. The Nasdaq Composite lost 0.9% while the S&P 500 slid 0.7%. The S&P 500 tech sector was one of the worst performers on Monday, sliding 0.7%. Ford Motor was the biggest decliner in the S&P 500 on Tuesday, dropping 3.5%.


Stocks fell on Tuesday, weighed down by a continuing decline in tech shares while Ford was pressured by a downgrade to its credit rating. The Dow Jones Industrial Average traded 110 points lower, or 0.4%. The Nasdaq Composite lost 0.9% while the S&P 500 slid 0.7%. The S&P 500 tech sector was one of the worst performers on Monday, sliding 0.7%. Ford Motor was the biggest decliner in the S&P 500 on Tuesday, dropping 3.5%.
Dow turns positive, erases 118-point loss on report China could agree to buy more US agricultural products Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: fred imbert
Keywords: news, cnbc, companies, lower, credit, report, products, erases, dow, buy, fell, tech, loss, china, decline, agricultural, slid, turns, 500, sector, positive


Dow turns positive, erases 118-point loss on report China could agree to buy more US agricultural products

Stocks fell on Tuesday, weighed down by a continuing decline in tech shares while Ford was pressured by a downgrade to its credit rating.

The Dow Jones Industrial Average traded 110 points lower, or 0.4%. The Nasdaq Composite lost 0.9% while the S&P 500 slid 0.7%.

Shares of Facebook, Amazon, Netflix and Alphabet all fell at least 0.4%. The Technology Select Sector SPDR Fund (XLK) slid 1.4%.

The S&P 500 tech sector was one of the worst performers on Monday, sliding 0.7%. The sector’s decline pushed the broad index to close lower for the first time in four sessions.

Ford Motor was the biggest decliner in the S&P 500 on Tuesday, dropping 3.5%. The stock fell after Moody’s downgraded the auto maker’s credit rating to junk status, citing below-expectations profit margins and cash flow.


Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: fred imbert
Keywords: news, cnbc, companies, lower, credit, report, products, erases, dow, buy, fell, tech, loss, china, decline, agricultural, slid, turns, 500, sector, positive


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Asia markets higher as Chinese exports unexpectedly decline

Asia markets rose on Monday as investors reacted to a series of recent data releases in major economies including the United States and China. Mainland Chinese stocks were higher on the day, with the Shanghai composite adding 0.84% to about 3,024.74 and Shenzhen component up 1.82% to 10,001.93. Hong Kong’s Hang Seng index, was largely flat as of its final hour of trading, following another weekend of protests in the embattled city. In South Korea, the Kospi added 0.52% to finish its trading day


Asia markets rose on Monday as investors reacted to a series of recent data releases in major economies including the United States and China. Mainland Chinese stocks were higher on the day, with the Shanghai composite adding 0.84% to about 3,024.74 and Shenzhen component up 1.82% to 10,001.93. Hong Kong’s Hang Seng index, was largely flat as of its final hour of trading, following another weekend of protests in the embattled city. In South Korea, the Kospi added 0.52% to finish its trading day
Asia markets higher as Chinese exports unexpectedly decline Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: eustance huang
Keywords: news, cnbc, companies, following, unexpectedly, exports, rose, asia, trading, shenzhen, shares, markets, largely, index, decline, flat, higher, chinese, day


Asia markets higher as Chinese exports unexpectedly decline

Asia markets rose on Monday as investors reacted to a series of recent data releases in major economies including the United States and China.

Mainland Chinese stocks were higher on the day, with the Shanghai composite adding 0.84% to about 3,024.74 and Shenzhen component up 1.82% to 10,001.93. The Shenzhen composite also surged 1.913% to approximately 1,689.21.

Hong Kong’s Hang Seng index, was largely flat as of its final hour of trading, following another weekend of protests in the embattled city.

In Japan, the Nikkei 225 rose 0.56% to close at 21,318.42 while the Topix index added 0.91% on the day to 1,551.11. Shares of Japanese automaker Nissan slipped 0.22% following reports that company Chief Executive Hiroto Saikawa has expressed his desire to resign, following an admission last week to being improperly compensated.

Japan’s economy grew an annualized 1.3% in the April to June quarter, according to revised data from the Cabinet Office on Monday. That was lower than the initial estimate of a 1.8% expansion, but matched market expectations.

In South Korea, the Kospi added 0.52% to finish its trading day at 2,019.55, with shares of chipmaker SK Hynix jumping 2.93%. Australia’s S&P/ASX 200 closed largely flat at 6,648.00.

Overall, the MSCI Asia ex-Japan index traded 0.27% higher.


Company: cnbc, Activity: cnbc, Date: 2019-09-09  Authors: eustance huang
Keywords: news, cnbc, companies, following, unexpectedly, exports, rose, asia, trading, shenzhen, shares, markets, largely, index, decline, flat, higher, chinese, day


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The US manufacturing sector contracted in August, its first decline in three years

A gauge of U.S. manufacturing from the Institute for Supply Management showed the sector contracted in August, its first decline since 2016. The ISM U.S. manufacturing Purchasing Managers’ Index declined to 49.1% in August, the lowest reading in more than three years. The escalated trade war with China is taking a big bite from the manufacturing sector, one of the big winners during the Trump administration. Production and employment gauges also showed contraction in August for the first time af


A gauge of U.S. manufacturing from the Institute for Supply Management showed the sector contracted in August, its first decline since 2016. The ISM U.S. manufacturing Purchasing Managers’ Index declined to 49.1% in August, the lowest reading in more than three years. The escalated trade war with China is taking a big bite from the manufacturing sector, one of the big winners during the Trump administration. Production and employment gauges also showed contraction in August for the first time af
The US manufacturing sector contracted in August, its first decline in three years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: yun li
Keywords: news, cnbc, companies, manufacturing, contracted, slowed, sector, decline, reading, export, pmi, lowest, trade, showed, contraction, ism


The US manufacturing sector contracted in August, its first decline in three years

A gauge of U.S. manufacturing from the Institute for Supply Management showed the sector contracted in August, its first decline since 2016.

The ISM U.S. manufacturing Purchasing Managers’ Index declined to 49.1% in August, the lowest reading in more than three years. Any reading below 50% signals a contraction.

“Respondents expressed slightly more concern about U.S.-China trade turbulence, but trade remains the most significant issue, indicated by the strong contraction in new export orders,” Timothy Fiore, Chair of ISM Manufacturing Business Survey Committee, said in a statement.

The escalated trade war with China is taking a big bite from the manufacturing sector, one of the big winners during the Trump administration. Tariffs on $112 billion of Chinese goods took effect on Sunday, which targets many everyday grocery items and household staples.

The August contraction ended a 35-month expansion period where the PMI averaged 56.5%, according to ISM. Production and employment gauges also showed contraction in August for the first time after growth for almost three years, ISM data showed.

ISM’s new export orders slowed for the second month in a row to its lowest reading since April 2009.

“Many respondents continued to note global trade softness as a reason for sluggish activity,” Fiore said of slowing new export orders.

Data from IHS Markit also released Monday showed the U.S. manufacturing PMI slowed to 50.3 in August, its lowest level since September 2009. The gauge signaled a slight expansion however.

“The August PMI indicates that US manufacturers are enduring a torrid summer,” Chris Williamson, Chief Business Economist at IHS Markit, said in a statement. “Output and order book indices are both among the lowest seen for a decade, indicating that manufacturing is likely to have again acted as a significant drag on the economy in the third quarter, dampening GDP growth.”


Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: yun li
Keywords: news, cnbc, companies, manufacturing, contracted, slowed, sector, decline, reading, export, pmi, lowest, trade, showed, contraction, ism


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post