‘Two years of unceasing lies’: Russia responds to the Mueller report summary

Russian lawmakers welcomed the findings of an investigation by special counsel Robert Mueller, saying the report vindicates Kremlin denials of collusion with President Donald Trump’s administration. Mueller found no evidence of collusion between Trump’s campaign and Russia in the 2016 election, according to a summary of the special counsel’s key findings made public on Sunday by Attorney General William Barr. In a letter to key members of Congress, the top Justice Department official said Muelle


Russian lawmakers welcomed the findings of an investigation by special counsel Robert Mueller, saying the report vindicates Kremlin denials of collusion with President Donald Trump’s administration. Mueller found no evidence of collusion between Trump’s campaign and Russia in the 2016 election, according to a summary of the special counsel’s key findings made public on Sunday by Attorney General William Barr. In a letter to key members of Congress, the top Justice Department official said Muelle
‘Two years of unceasing lies’: Russia responds to the Mueller report summary Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: sam meredith, cliff owen
Keywords: news, cnbc, companies, trumps, lies, president, kremlin, russia, key, collusion, findings, responds, summary, mueller, special, unceasing, report


'Two years of unceasing lies': Russia responds to the Mueller report summary

Russian lawmakers welcomed the findings of an investigation by special counsel Robert Mueller, saying the report vindicates Kremlin denials of collusion with President Donald Trump’s administration.

Mueller found no evidence of collusion between Trump’s campaign and Russia in the 2016 election, according to a summary of the special counsel’s key findings made public on Sunday by Attorney General William Barr.

In a letter to key members of Congress, the top Justice Department official said Mueller wrote that the report “does not conclude that the president committed a crime, it also does not exonerate him.”

“So, Mueller’s long-awaited report proved what was known in Russia from the very beginning: There was no collusion between Trump and any of his team with the Kremlin,” Konstantin Kosachev, a senator in Russia’s upper house of Parliament, said in a Facebook post on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: sam meredith, cliff owen
Keywords: news, cnbc, companies, trumps, lies, president, kremlin, russia, key, collusion, findings, responds, summary, mueller, special, unceasing, report


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

What next for Brexit? Here are the key upcoming dates in the UK’s EU exit

The U.K. is no longer expected to leave the EU on Friday, as British lawmakers remain at odds over how to leave the bloc. Here are the next important dates in the U.K.’s process of withdrawing from the EU. If British MPs approves the agreement this week, then Brexit will be extended until May 22. If it’s rejected again, the U.K. has until April 12 to leave the EU. Friday, April 12If U.K. lawmakers fail to reach a compromise then this will be the day of a no-deal Brexit.


The U.K. is no longer expected to leave the EU on Friday, as British lawmakers remain at odds over how to leave the bloc. Here are the next important dates in the U.K.’s process of withdrawing from the EU. If British MPs approves the agreement this week, then Brexit will be extended until May 22. If it’s rejected again, the U.K. has until April 12 to leave the EU. Friday, April 12If U.K. lawmakers fail to reach a compromise then this will be the day of a no-deal Brexit.
What next for Brexit? Here are the key upcoming dates in the UK’s EU exit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: silvia amaro, reuters tv via reuters
Keywords: news, cnbc, companies, brexit, upcoming, week, exit, uk, key, dates, votes, leave, remain, vote, deal, lawmakers, uks, eu


What next for Brexit? Here are the key upcoming dates in the UK's EU exit

The U.K. is no longer expected to leave the EU on Friday, as British lawmakers remain at odds over how to leave the bloc.

So when will Brexit happen? Here are the next important dates in the U.K.’s process of withdrawing from the EU.

Monday, March 25

U.K. lawmakers are due to debate the next steps. Given the four month-long impasse in the House of Commons, Prime Minister Theresa May has asked the EU for more time to try to reach a consensus.

Parliamentarians remain divided about Brexit. May believes her deal with the EU is the best way to deliver Brexit, but certain politicians strongly object on one of the policies of her deal — the Irish backstop. This is an insurance policy that looks to prevent a hard border between Northern Ireland (which is part of the U.K.) and the Republic of Ireland (which will remain an EU country), in case the U.K. and the EU do not strike a trade agreement.

In order to decide what happens next, U.K. lawmakers will discuss plans for “indicative votes” on Monday afternoon, and then are likely to vote late in the evening on whether these will take place on Wednesday this week. If approved, it would allow lawmakers to take control of parliamentary business and potentially hold votes that test out different Brexit options, undermining May’s control of the situation.

Tuesday, March 26

U.K. lawmakers could have a third vote on May’s deal — formally called the withdrawal agreement.

The EU may have given the U.K. an extension may it came with some caveats. If British MPs approves the agreement this week, then Brexit will be extended until May 22. If it’s rejected again, the U.K. has until April 12 to leave the EU.

Friday, March 29

U.K. law is still ready for a departure this Friday. So the House of Commons needs to decide until when it’s going to extend its EU membership and then update the current law.

Friday, April 12

If U.K. lawmakers fail to reach a compromise then this will be the day of a no-deal Brexit. This would mean the U.K. would stop being a member of the EU overnight, without any deal or transition period — a scenario that would bring massive uncertainty for businesses, citizens and markets.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: silvia amaro, reuters tv via reuters
Keywords: news, cnbc, companies, brexit, upcoming, week, exit, uk, key, dates, votes, leave, remain, vote, deal, lawmakers, uks, eu


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Sony has big plans for Spider-Man cinematic universe, but a key hero is unavailable: Spidey

Back in 2015, Sony struck a deal with Disney’s Marvel Studios that permitted Spider-Man to be part of the Marvel Cinematic Universe. Spidey has been in three thus far and Sony cannot incorporate the character into its own extended universe until the deal comes to a conclusion. And this summer’s “Spider-Man: Far From Home” will see Samuel L. Jackson dawn his eye patch once more to play Nick Fury. Sony will face a big decision about how best to leverage Spider-Man when the current deal with Marvel


Back in 2015, Sony struck a deal with Disney’s Marvel Studios that permitted Spider-Man to be part of the Marvel Cinematic Universe. Spidey has been in three thus far and Sony cannot incorporate the character into its own extended universe until the deal comes to a conclusion. And this summer’s “Spider-Man: Far From Home” will see Samuel L. Jackson dawn his eye patch once more to play Nick Fury. Sony will face a big decision about how best to leverage Spider-Man when the current deal with Marvel
Sony has big plans for Spider-Man cinematic universe, but a key hero is unavailable: Spidey Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: donovan russo, source, sony pictures, -daniel richtman, media influencer
Keywords: news, cnbc, companies, spiderman, plans, cinematic, big, extended, sony, universe, hero, according, unavailable, spidey, marvel, deal, far, terms, key, movies


Sony has big plans for Spider-Man cinematic universe, but a key hero is unavailable: Spidey

Sony Pictures’ Chairman Tony Vinciquerra recently said Sony has seven to eight years of content planned in terms of its Spider-Man cinematic universe, but there’s one big unknown: How the iconic webslinger will himself fit in the plans.

Back in 2015, Sony struck a deal with Disney’s Marvel Studios that permitted Spider-Man to be part of the Marvel Cinematic Universe. According to the terms of that deal, as reported by Vanity Fair (the deal has never been publicly disclosed) Spider-Man would be shared across Sony and Marvel productions for a total of five films.

Spidey has been in three thus far and Sony cannot incorporate the character into its own extended universe until the deal comes to a conclusion. That five-film cap will presumably be reached when two already filmed movies debut: “Avengers: Endgame” in April and “Spider-Man: Far From Home” in July (it is likely Spider-Man is in Endgame, though he has not been in any of the trailers released so far).

In return for agreeing to the deal, Marvel Studios has provided A-list characters for Spider-Man’s recent solo outings that star Tom Holland: 2017’s “Spider-Man: Homecoming” saw Robert Downey Jr. headline as Iron Man. The movie grossed over $880 million worldwide, according to Comscore. And this summer’s “Spider-Man: Far From Home” will see Samuel L. Jackson dawn his eye patch once more to play Nick Fury. Marvel doesn’t share in the film revenue but can see a revenue boost from merchandise sales related to the movies’ characters.

Sony will face a big decision about how best to leverage Spider-Man when the current deal with Marvel is up — reserving Spider-Man exclusively for its extended universe, or keeping the teen hero aligned with Marvel. The absence of Spider-Man hasn’t prevented Sony from creating its own extended universe.

Oscar-winning actor Jared Leto is filming “Morbius,” which centers on a villainous vampire that Spider-Man is known for fighting in the comics, and will be released in 2020. More Spider-Man characters are expected to make it to the movies, including Kraven the Hunter, and a team up movie for Black Cat and Silver Sable, according to The Hollywood Reporter.


Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: donovan russo, source, sony pictures, -daniel richtman, media influencer
Keywords: news, cnbc, companies, spiderman, plans, cinematic, big, extended, sony, universe, hero, according, unavailable, spidey, marvel, deal, far, terms, key, movies


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Three key points William Barr made on Robert Mueller report about Trump

But the letter quotes the Mueller report as saying “the investigation did not establish that members of the Trump Campaign conspired or coordinated with the Russian government in its election interference activities.” This finding doubtless comes as a major relief to the White House, the Trump family, and to those who worked on the Trump campaign. Mueller wrote that “while this report does not conclude that the president committed a crime, it also does not exonerate him.” Barr wrote that he and


But the letter quotes the Mueller report as saying “the investigation did not establish that members of the Trump Campaign conspired or coordinated with the Russian government in its election interference activities.” This finding doubtless comes as a major relief to the White House, the Trump family, and to those who worked on the Trump campaign. Mueller wrote that “while this report does not conclude that the president committed a crime, it also does not exonerate him.” Barr wrote that he and
Three key points William Barr made on Robert Mueller report about Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: christina wilkie, kevin lemarque
Keywords: news, cnbc, companies, evidence, points, barr, robert, mueller, wrote, william, trump, counsel, campaign, key, russian, report, justice


Three key points William Barr made on Robert Mueller report about Trump

WASHINGTON – Attorney General William Barr on Sunday sent a letter to Congress that outlined the principal findings of special counsel Robert Mueller’s two-year-long investigation into Russia’s attack on the 2016 presidential election. The letter also explained Mueller’s and Barr’s opinions on whether President Donald Trump’s repeated attempts to influence various elements of the Justice Department’s probe amounted to the crime of obstruction of justice.

Below are the three key points laid out in Barr’s letter.

1. Mueller found that neither Trump nor his campaign “conspired or coordinated with the Russian government”

According to Barr, the Mueller report “outlines the Russian effort to influence the election and documents crimes committed by personas associated with the Russian government in connection with those efforts.” But the letter quotes the Mueller report as saying “the investigation did not establish that members of the Trump Campaign conspired or coordinated with the Russian government in its election interference activities.”

Barr went on to write that Mueller similarly did not find evidence that “anyone in the Trump campaign, or anyone associated with it, conspired with the Russian government” in the hack or dissemination of Clinton campaign and Democratic party emails in 2016, “despite multiple offers from Russian-affiliated individuals” to assist the campaign.

This finding doubtless comes as a major relief to the White House, the Trump family, and to those who worked on the Trump campaign. It also confirms one of the central tenets of Trump’s denials over the past two years, namely that there was “no collusion” between his campaign and the Russian government.

2. Mueller decided not to make a determination as to whether Trump criminally obstructed justice

The second part of Mueller’s report “addresses a number of actions by the president … that the Special Counsel investigated as potentially raising obstruction-of-justice concerns,” Barr wrote.

On this, Mueller “determined not to make a traditional prosecutorial judgement” on the question of whether Trump’s alleged attempts to interfere in the FBI’s investigation of members of his administration, and later to pressure Justice Department officials into closing the special counsel probe, amounted to obstruction of justice.

The special counsel viewed these as ‘”difficult issues of law and fact concerning whether the president’s actions could be viewed as obstruction,” wrote Barr.

Instead of making a determination, Mueller instead laid out the evidence on both sides of the argument, and left it up to Barr as to whether the evidence constituted a crime. Mueller wrote that “while this report does not conclude that the president committed a crime, it also does not exonerate him.”

3. Barr ultimately concluded that Mueller’s evidence was not sufficient to establish that Trump committed a crime

Mueller’s report left it up to Barr, Trump’s recently confirmed attorney general, to decide whether Trump’s actions met the standard for establishing criminal obstruction of justice. Barr wrote that he and Deputy Attorney General Rod Rosenstein, another Trump appointee, together determined that no, they did not.

One of the factors influencing this decision, Barr wrote, was that Mueller didn’t find evidence that Trump conspired with the Russians. Absent that underlying crime, Barr implies that actions Trump took, which might have seemed like Trump was trying to obstruct an investigation that he knew would ensnare him personally, can actually be viewed through a more forgiving lens.

Within minutes of the letter’s release on Sunday, it was already clear that this third point, the determination by Barr that Trump did not obstruct justice, would draw the most intense scrutiny from Democrats.

“Special Counsel Mueller clearly and explicitly is not exonerating the President, and we must hear from AG Barr about his decision making and see all the underlying evidence for the American people to know all the facts,” wrote House Judiciary Chairman Jerry Nadler, D-N.Y., on Twitter shortly after his office received the letter.

Nadler noted that Mueller had worked on the probe for nearly two years and that Barr had taken two days to make his determinations based on Mueller’s findings. The congressman also called for more transparency from the Justice Department.

“In light of the very concerning discrepancies and final decision making at the Justice Department following the Special Counsel report, where Mueller did not exonerate the President, we will be calling Attorney General Barr in to testify before [Nadler’s committee] in the near future,” Nadler wrote.


Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: christina wilkie, kevin lemarque
Keywords: news, cnbc, companies, evidence, points, barr, robert, mueller, wrote, william, trump, counsel, campaign, key, russian, report, justice


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Crashed jets reportedly lacked key safety features because Boeing charged extra for them

The angle of attack indicator determines how much the plane’s nose is tilted, and the disagree light is activated if the jet’s sensors are giving contradictory signals. Boeing will now make the disagree light free of charge on all new 737 Max planes, after the deadly crashes caused all the Max planes to be grounded, according to the Times. The angle of attack indicator will remain an option that airlines can purchase, the report said. Neither safety feature was mandated by the Federal Aviation A


The angle of attack indicator determines how much the plane’s nose is tilted, and the disagree light is activated if the jet’s sensors are giving contradictory signals. Boeing will now make the disagree light free of charge on all new 737 Max planes, after the deadly crashes caused all the Max planes to be grounded, according to the Times. The angle of attack indicator will remain an option that airlines can purchase, the report said. Neither safety feature was mandated by the Federal Aviation A
Crashed jets reportedly lacked key safety features because Boeing charged extra for them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: emma newburger, stephen brashear, getty images
Keywords: news, cnbc, companies, planes, attack, extra, lacked, max, reportedly, jets, angle, boeing, airlines, key, pilots, times, 737, safety, crashed, features, charged


Crashed jets reportedly lacked key safety features because Boeing charged extra for them

Boeing shares plummet after a deadly crash of 737 jet — Here’s what three experts say shareholders should watch 2 Hours Ago | 01:46

Boeing jets in Ethiopia and Indonesia lacked two safety features in their cockpits because the company charged extra to install them.

The features could have helped pilots detect erroneous readings, which some experts believe might be connected to the planes’ failures, The New York Times reports.

Lion Air Flight 610 and Ethiopian Airlines Flight 302, which crashed within five months of each other, were brand new but were not equipped with an angle of attack indicator or an angle of attack disagree light, the paper said. The angle of attack indicator determines how much the plane’s nose is tilted, and the disagree light is activated if the jet’s sensors are giving contradictory signals.

Boeing will now make the disagree light free of charge on all new 737 Max planes, after the deadly crashes caused all the Max planes to be grounded, according to the Times. The angle of attack indicator will remain an option that airlines can purchase, the report said. The company is also planning a new software update.

Neither safety feature was mandated by the Federal Aviation Administration, but experts say it is key to flight safety.

“They’re critical, and cost almost nothing for the airlines to install,” Bjorn Fehrm, an analyst at aviation consultancy Leeham, told the Times. “Boeing charges for them because it can. But they’re vital for safety.”

Boeing did not immediately respond to CNBC’s request for comment. Ethiopian Airlines said in a statement Thursday that its pilots had been following FAA and Boeing guidance.

“Ethiopian Airlines pilots completed the Boeing recommended and FAA approved differences training from the B-737 NG aircraft to the B-737 MAX aircraft before the phase in of the B-737-8 MAX fleet to the Ethiopian operation and before they start flying the B-737-8 MAX,” the airline said in a statement.

“We urge all concerned to refrain from making such uninformed, incorrect, irresponsible and misleading statements during the period of the accident investigation. International regulations require all stakeholders to wait patiently for the result of the investigation,” it said.

It’s still unclear what caused the crashes. Investigators are looking into whether a new software system added to combat stalls in Boeing’s 737 Max series might have been a trigger, as well as faulty data from sensors on the Lion Air plane that might have caused a system malfunction.

Dennis A. Muilenburg, Boeing’s CEO, said the company was working on making the 737 Max safer.

“As part of our standard practice following any accident, we examine our aircraft design and operation, and when appropriate, institute product updates to further improve safety,” he said in a statement Sunday.

An email sent to Lion Air, outside regular business hours, was not immediately answered.

The full New York Times story can be found on its website.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: emma newburger, stephen brashear, getty images
Keywords: news, cnbc, companies, planes, attack, extra, lacked, max, reportedly, jets, angle, boeing, airlines, key, pilots, times, 737, safety, crashed, features, charged


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Now that the market has broken through key resistance, here’s what’s next

The S&P 500 closed up 2.9 percent for the week, its best so far this year. It’s now at the highest level since early October, after breaking through key resistance levels near 2815, where it failed several times. The S&P 500 tends to be lower in the week after quadruple witching. First-quarter earnings are now expected to be down 1.5 percent for the S&P 500, according to Refinitiv. The two key names next week are Micron and Federal Express, which are both scheduled to report earnings.


The S&P 500 closed up 2.9 percent for the week, its best so far this year. It’s now at the highest level since early October, after breaking through key resistance levels near 2815, where it failed several times. The S&P 500 tends to be lower in the week after quadruple witching. First-quarter earnings are now expected to be down 1.5 percent for the S&P 500, according to Refinitiv. The two key names next week are Micron and Federal Express, which are both scheduled to report earnings.
Now that the market has broken through key resistance, here’s what’s next Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: bob pisani, brendan mcdermid
Keywords: news, cnbc, companies, heres, resistance, broken, 500, volatility, market, earnings, whats, stock, week, near, sp, rally, quarter, key


Now that the market has broken through key resistance, here's what's next

The S&P 500 closed up 2.9 percent for the week, its best so far this year. It’s now at the highest level since early October, after breaking through key resistance levels near 2815, where it failed several times.

The S&P is now less than 4 percent from the old historic closing high (2,930 on September 20).

Key observations:

1) Traders increasingly believe global central banks have their backs.

2) With the CBOE Volatility Index at 12, its lowest level since October, strategies driven by volatility would likely add to stock exposure.

3) Bond yields continue to drop, remaining near the lows of the year. The new-high list this week was littered with interest-rate sensitive stocks (utilities, REITs) that rally when rates remain low.

4) Quadruple witching (quarterly expiration of index options and futures, and stock options and futures) has added a lot of volume this week and likely contributed to the upside rally. But the question is whether the expiration exhaust near term demand. The S&P 500 tends to be lower in the week after quadruple witching.

5) Europe (and the U.K.) have outperformed the U.S. this month. There are some hopes for a bottom in the recent poor economic data.

6) Downward earnings revisions are slowing to a crawl. The rate of downward earnings revision for the first quarter was intense from January into mid-February, slowed in the next several weeks and has essentially stopped this week. First-quarter earnings are now expected to be down 1.5 percent for the S&P 500, according to Refinitiv. If it stays in that range, there is a good chance earnings will be positive for the first quarter (companies tend to beat analyst estimates), and we will avoid an earnings “recession,” at least one that began in the first quarter.

7) The key to a further rally: positive comments on global growth. The two key names next week are Micron and Federal Express, which are both scheduled to report earnings. Both had big drops last quarter and saw lower earnings estimates on concerns over China and (for Micron) increasing competition.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: bob pisani, brendan mcdermid
Keywords: news, cnbc, companies, heres, resistance, broken, 500, volatility, market, earnings, whats, stock, week, near, sp, rally, quarter, key


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Thailand election: Economic growth, income inequality are key issues

Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front. The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. An anti-military camp that consist of the Pheu Thai


Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front. The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. An anti-military camp that consist of the Pheu Thai
Thailand election: Economic growth, income inequality are key issues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: yen nee lee, gonzalo azumendi, getty images
Keywords: news, cnbc, companies, thailand, economic, party, minister, foreign, election, thai, growth, political, issues, parties, income, prime, inequality, key, investors


Thailand election: Economic growth, income inequality are key issues

Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass.

Last year, the Thai stock market suffered a record $9 billion in foreign investment outflows as investors withdrew from emerging markets amid rising interest rates in the U.S. and global economic concerns. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front.

The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. The vote is set to be a contest between three political fractions:

A pro-military camp that include the Palang Pracharat Party, which named current Prime Minister Prayuth Chan-o-cha as its candidate to lead the country.

An anti-military camp that consist of the Pheu Thai Party — which is linked to exiled former Prime Minister Thaksin Shinawatra — and the newly founded Future Forward Party.

A group of parties that are neutral or undecided on which side they would align, including the Democrat Party led by another former prime minister, Abhisit Vejjajiva, and Bhumjaithai Party, which recently made headlines for its promotion of marijuana as a new cash crop in Thailand.

None of the parties are expected to single-handedly win enough seats to form the next government, which means the most likely scenario is a coalition administration. That may be challenging, however, in a polarized political environment like Thailand, analysts said.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: yen nee lee, gonzalo azumendi, getty images
Keywords: news, cnbc, companies, thailand, economic, party, minister, foreign, election, thai, growth, political, issues, parties, income, prime, inequality, key, investors


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Nvidia’s stock is at a make-or-break level, says chart watcher

Nvidia is having its best week in months, and the recent surge has pushed the stock to a critical level, one chart watcher tells CNBC. After inspecting Nvidia’s weekly chart, Miller Tabak’s Matt Maley says its stock is nearing a key level that could make or break its recent run. “The thing is, when it stopped going down, it held right at its 200-week moving average, so that’s positive. “Now it’s starting to rally, and it’s breaking back above a key level — its neckline of an inverse head-and-sho


Nvidia is having its best week in months, and the recent surge has pushed the stock to a critical level, one chart watcher tells CNBC. After inspecting Nvidia’s weekly chart, Miller Tabak’s Matt Maley says its stock is nearing a key level that could make or break its recent run. “The thing is, when it stopped going down, it held right at its 200-week moving average, so that’s positive. “Now it’s starting to rally, and it’s breaking back above a key level — its neckline of an inverse head-and-sho
Nvidia’s stock is at a make-or-break level, says chart watcher Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: lizzy gurdus, getty images, brendan mcdermid, daniel acker, bloomberg, david paul morris, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, positive, watcher, nvidias, week, chart, thats, recent, makeorbreak, level, nvidia, maley, key, stock


Nvidia's stock is at a make-or-break level, says chart watcher

Nvidia is having its best week in months, and the recent surge has pushed the stock to a critical level, one chart watcher tells CNBC.

Shares of the chipmaker are up 11 percent this week after Wednesday’s nearly 4 percent gain. The stock has managed to regain some of its footing after several steep sell-offs in recent months pushed it 42 percent off its October high.

After inspecting Nvidia’s weekly chart, Miller Tabak’s Matt Maley says its stock is nearing a key level that could make or break its recent run.

“The thing is, when it stopped going down, it held right at its 200-week moving average, so that’s positive. Then it kind of traded sideways for a little while, through February, which formed a nice base for the stock,” Maley said Wednesday on CNBC’s “Trading Nation.” “Now it’s starting to rally, and it’s breaking back above a key level — its neckline of an inverse head-and-shoulders pattern.”

Still, Maley stipulated that Nvidia’s stock has to end this week above its 200-week moving average to be able to make a sustained move higher.

“The key thing is, with these necklines, if they break above them in a meaningful way, they shoot up in a major way. But if they fail, they tend to roll over. So this is a key level for the stock,” he said. “And … this is a stock that’s had a lot of momentum money flow out of the stock, so if it can rally further anytime soon, that momentum money’s going to flow back in and be very positive for the stock.”

Susquehanna’s Stacey Gilbert told “Trading Nation” that two tailwinds could help Nvidia’s stock reach that key level: investors increasingly buying into large-cap technology stocks, and Nvidia’s deal to buy Israeli chip designer Mellanox.

“When you think about what the market is saying, obviously, they like [the deal],” Gilbert said. “When you think about what Mellanox is bringing to the table, they have the potential to fill a revenue hole that’s been lost since the crypto collapse. So, overall, I would say, from a fundamental perspective, we certainly like it.”

Gilbert noted that Wall Street sentiment around Nvidia was also largely positive and could hinge on the company’s analyst meeting next week.

“Investors may be hoping that the management talks about the possible synergies,” she said Wednesday. “Our analyst Chris Rolland sees that as being [earnings-per-share]-upside-positive with the synergies that could happen. So, overall while it may not be our favorite name in the space, it’s certainly a name that we like to own.”

Disclosure: Susquehanna Financial Group is a market maker in Nvidia. SFG and/or its affiliates beneficially own 1 percent or more of NVDA’s securities.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: lizzy gurdus, getty images, brendan mcdermid, daniel acker, bloomberg, david paul morris, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, positive, watcher, nvidias, week, chart, thats, recent, makeorbreak, level, nvidia, maley, key, stock


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Next-generation satellites gave federal officials key data in Boeing 737 Max investigation

Only a few months after SpaceX launched the last set of Iridium Communications satellites into orbit, the new network is helping deliver critical data to aviation officials. The Federal Aviation Administration, or FAA, grounded Boeing’s 737 Max airplanes on Wednesday, after receiving data from air traffic surveillance company Aireon about the deadly crash of Ethiopian Airlines Flight 302. Aireon gave “the data transmitted from Flight 302” to support the investigations of the FAA and several othe


Only a few months after SpaceX launched the last set of Iridium Communications satellites into orbit, the new network is helping deliver critical data to aviation officials. The Federal Aviation Administration, or FAA, grounded Boeing’s 737 Max airplanes on Wednesday, after receiving data from air traffic surveillance company Aireon about the deadly crash of Ethiopian Airlines Flight 302. Aireon gave “the data transmitted from Flight 302” to support the investigations of the FAA and several othe
Next-generation satellites gave federal officials key data in Boeing 737 Max investigation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: michael sheetz, istock editorial, getty images
Keywords: news, cnbc, companies, aviation, satellites, key, investigation, gave, data, aireon, federal, faa, flight, system, max, nextgeneration, company, provide, boeing, officials, statement


Next-generation satellites gave federal officials key data in Boeing 737 Max investigation

Only a few months after SpaceX launched the last set of Iridium Communications satellites into orbit, the new network is helping deliver critical data to aviation officials.

The Federal Aviation Administration, or FAA, grounded Boeing’s 737 Max airplanes on Wednesday, after receiving data from air traffic surveillance company Aireon about the deadly crash of Ethiopian Airlines Flight 302.

Aireon’s system piggybacks on Iridium’s network of 75 satellites. Expected to become fully operational in a few weeks, Aireon can track airplanes anywhere on the planet. But the company’s data is already proving to be critical, as Aireon said in a statement to CNBC that “the system was able to capture information associated with Flight 302.”

While Aireon declined to make company officials available for an interview while the investigation is ongoing, the company said it is working with federal officials to provide them with raw data. Even though the Aireon system has not been fully rolled out, the company is able to provide investigators with information about an aircraft’s location, velocity, altitude and more.

“Our sympathies go out to the families of the passengers and crew of Ethiopian Airlines Flight 302,” Aireon said in a statement. Aireon gave “the data transmitted from Flight 302” to support the investigations of the FAA and several other aviation authorities, the company said.

Even after dozens of countries grounded Boeing’s 737 Max, the FAA did not. It was only until “actionable data” arrived from Aireon that the FAA made the decision, acting Administrator Daniel Elwell told CNBC.

“We cannot comment on the cause of the tragedy or the outcome of the investigation, only that we have provided the data,” Aireon clarified in its statement.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: michael sheetz, istock editorial, getty images
Keywords: news, cnbc, companies, aviation, satellites, key, investigation, gave, data, aireon, federal, faa, flight, system, max, nextgeneration, company, provide, boeing, officials, statement


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Apple stock is cheap, no matter how you slice it, market watcher says

Two market watchers agree with Mohan that Apple is a long-term positive bet, and that the current pullback creates an attractive entry point to buy the stock. Chantico Global Advisors’ Gina Sancehz likes Apple based on its valuation, which she believes is cheap relative to its growth trajectory. Even services stocks trade at a higher multiple than Apple is currently trading, so it doesn’t really matter how you view the Apple stock. It’s trading cheap relative to its current mix or cheap it if co


Two market watchers agree with Mohan that Apple is a long-term positive bet, and that the current pullback creates an attractive entry point to buy the stock. Chantico Global Advisors’ Gina Sancehz likes Apple based on its valuation, which she believes is cheap relative to its growth trajectory. Even services stocks trade at a higher multiple than Apple is currently trading, so it doesn’t really matter how you view the Apple stock. It’s trading cheap relative to its current mix or cheap it if co
Apple stock is cheap, no matter how you slice it, market watcher says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: pippa stevens, drew angerer, getty images, adam jeffery, haidar mohammed ali, afp, scott olson, brendan mcdermid, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, watcher, wald, think, long, slice, cheap, apple, key, trading, services, stock, matter, market, higher


Apple stock is cheap, no matter how you slice it, market watcher says

Investors are falling for Apple again.

Shares of the tech giant were slightly higher in Tuesday’s premarket, a day after soaring more than 3 percent on Bank of America’s upgrade of the stock to buy. Analyst Wamsi Mohan said the recent “pullback presents opportunity” to buy the stock, citing factors like “modest re-acceleration in services” and “growth across healthcare, wearables and increasing services penetration” as reasons to own Apple .

The stock has been highly volatile over the last 12 months, sinking to a multiyear low in early January after the company cut its quarterly revenue forecast for the first time in more than 15 years.

The stock has bounced about 26 percent from that low, although it’s still trading in a bear market with shares roughly 23 percent from the October all-time high.

Two market watchers agree with Mohan that Apple is a long-term positive bet, and that the current pullback creates an attractive entry point to buy the stock.

Chantico Global Advisors’ Gina Sancehz likes Apple based on its valuation, which she believes is cheap relative to its growth trajectory.

“This company has continued to put earnings after earnings, and so I think that if you look at it over the long term I would consider it the value stock of the technology sector,” she said Monday on CNBC’s “Trading Nation.” “It is very robust, and I think that’s what you need right now going into the year.”

Many Apple bears have cited slowing iPhone sales as reason to shed the stock. Apple bulls, on the other hand, have pointed to the growth potential for the services business as reason to own the stock for the long term. Sanchez believes the stock looks good no matter which way you value it.

“I think there’s a lot of talk right now that Apple is not really going to focus on its iPhone sales anymore, they’re going to be focused on services. Even services stocks trade at a higher multiple than Apple is currently trading, so it doesn’t really matter how you view the Apple stock. It’s trading cheap relative to its current mix or cheap it if continues to focus on wearables and services in its ecosystem. Either way it’s cheap,” she said.

Apple trades at 14.8 times next 12 months’ expected earnings, according to estimates from FactSet.

Oppenheimer’s Ari Wald argues that it might take Apple a little bit of time to regain its prior high, but that in the long run it’s heading back in that direction. As the economy slows, Wald said, investors will favor high-growth names — especially in technology.

“The key long-term positive for us are the top-down tailwinds from what we see as a broadly and relatively strong technology sector. We continue to think that a premium gets placed on these high-growth companies in a low-growth world,” he said on “Trading Nation.”

He’s not buying the stock just yet because of a key technical indicator. Apple’s 200-day moving average is currently sloping sideways, he noted, which means the stock may be range bound in the near term.

The key level Wald is watching is $185. If the stock can break above there — which it last did in November — he believes a rally could be next. That’s 3.4 percent higher than Monday’s closing price of $178.90.


Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: pippa stevens, drew angerer, getty images, adam jeffery, haidar mohammed ali, afp, scott olson, brendan mcdermid, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, watcher, wald, think, long, slice, cheap, apple, key, trading, services, stock, matter, market, higher


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post