‘Racist,’ ‘liar,’ ‘horrible’: Second Democratic debate kicks off with early attacks on Trump

The top Democratic candidates in the 2020 presidential race wasted little time in their first primary debate before taking heavy swings at President Donald Trump. Vice President Joe Biden said that “Donald Trump put us in a horrible situation.” Vermont Sen. Bernie Sanders called Trump a “pathological liar” and “a racist.” But that wasn’t the case for much of the first half of Wednesday night’s debate — and Trump, who was traveling to Japan for the G-20 summit, appeared to take notice. Overall, T


The top Democratic candidates in the 2020 presidential race wasted little time in their first primary debate before taking heavy swings at President Donald Trump. Vice President Joe Biden said that “Donald Trump put us in a horrible situation.” Vermont Sen. Bernie Sanders called Trump a “pathological liar” and “a racist.” But that wasn’t the case for much of the first half of Wednesday night’s debate — and Trump, who was traveling to Japan for the G-20 summit, appeared to take notice. Overall, T
‘Racist,’ ‘liar,’ ‘horrible’: Second Democratic debate kicks off with early attacks on Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: kevin breuninger
Keywords: news, cnbc, companies, night, attacks, president, trump, nights, focused, sen, second, horrible, racist, kicks, early, democratic, debate, liar, primary


'Racist,' 'liar,' 'horrible': Second Democratic debate kicks off with early attacks on Trump

The top Democratic candidates in the 2020 presidential race wasted little time in their first primary debate before taking heavy swings at President Donald Trump.

Vice President Joe Biden said that “Donald Trump put us in a horrible situation.” Vermont Sen. Bernie Sanders called Trump a “pathological liar” and “a racist.” California Sen. Kamala Harris slammed Trump’s signature tax cuts as a boon for “the top 1%.”

And that was just in the first 10 minutes.

The early attacks represented a stark rhetorical shift from the previous night, when 10 other Democratic candidates — who on average were less popular than the Thursday night group — focused more of their energy on laying out their policy visions early on.

Political analysts had widely expected the Democrats to hammer the Republican president throughout both nights, along with Biden, who has maintained a commanding lead in the polls despite being by far the biggest target in the Democratic field.

But that wasn’t the case for much of the first half of Wednesday night’s debate — and Trump, who was traveling to Japan for the G-20 summit, appeared to take notice.

Overall, Trump played a significantly larger role in the second primary debate than the first, NBC News reported. Trump was mentioned 52 times Thursday night, compared with 35 mentions during Wednesday’s debate.

Biden, unsurprisingly, focused on Trump more than any other candidate. The former veep entered the 2020 contest as the top-polling candidate, and he has attacked Trump directly since day one.


Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: kevin breuninger
Keywords: news, cnbc, companies, night, attacks, president, trump, nights, focused, sen, second, horrible, racist, kicks, early, democratic, debate, liar, primary


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UK leadership race kicks off as the economy starts to weaken

To be able to run as a candidate, Tory members of parliament (MPs) had to have the backing of eight colleagues. Boris Johnson, meanwhile, has attracted some criticism for his promise of an income tax cut for those who earn over £50,000 a year (around $63,000). British Prime Minister Theresa May stood down as the leader of the Conservative Party last Friday and will act as an interim prime minister until a leadership contest is complete. Most leadership candidates have been keen to promote their


To be able to run as a candidate, Tory members of parliament (MPs) had to have the backing of eight colleagues. Boris Johnson, meanwhile, has attracted some criticism for his promise of an income tax cut for those who earn over £50,000 a year (around $63,000). British Prime Minister Theresa May stood down as the leader of the Conservative Party last Friday and will act as an interim prime minister until a leadership contest is complete. Most leadership candidates have been keen to promote their
UK leadership race kicks off as the economy starts to weaken Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-10  Authors: holly ellyatt
Keywords: news, cnbc, companies, economy, leadership, boris, johnson, leader, uk, kicks, brexit, candidates, weaken, party, minister, deal, race, starts, conservative


UK leadership race kicks off as the economy starts to weaken

A leadership contest has kicked off in the U.K. after the resignation of beleaguered Prime Minister Theresa May and it looks like former Foreign Secretary and London Mayor Boris Johnson – a politician known for having a sharp wit as much as for his gaffes – could be the next leader of the country.

Monday was the deadline for nominations of those standing in the ruling Conservative Party’s leadership race and although there are 10 candidates on the final list, some names are more well-known than others including Boris Johnson and Jeremy Hunt (the current foreign minister), Home Secretary Sajid Javid and Michael Gove, the environment minister.

To be able to run as a candidate, Tory members of parliament (MPs) had to have the backing of eight colleagues. Now the final list of 10 candidates are known, a series of votes will take place to whittle the number down to two candidates who will face the wider Tory party membership who then pick their preferred candidate and decide on the party’s – and country’s – next leader. The final winner will be announced on July 22.

One frontrunner, Michael Gove, has seen his leadership bid hit by revelations about past cocaine use, leading to increased scrutiny on all the candidates, with some admitting to recreational drug use during their university years. Boris Johnson, meanwhile, has attracted some criticism for his promise of an income tax cut for those who earn over £50,000 a year (around $63,000).

British Prime Minister Theresa May stood down as the leader of the Conservative Party last Friday and will act as an interim prime minister until a leadership contest is complete. Conservative MPs will have their first vote on Thursday this week and that will see the least popular candidate eliminated from the leadership race (if they get less than a certain amount of votes).

The race to succeed her has put Brexit, by now something of a torturous parliamentary wrangle over the departure from European Union, both at the forefront of the political debate and on the backburner, because dealing with Brexit has been delayed by the leadership contest.

Most leadership candidates have been keen to promote their pro-Brexit credentials as the wider Conservative Party and pro-Brexit members of the public call on the government to make progress on leaving the EU by the new deadline of October 31.

Boris Johnson, who is widely expected to become Tory party leader according to polls, has said that he would try to renegotiate the Brexit deal that May hammered out with Brussels, claiming that he would withhold paying a £39 billion divorce bill that was previously agreed would be paid when the U.K. leaves the bloc.

After three years of Brexit negotiations since the Brexit referendum in June 2016, the potential prospect of talks being re-opened under Boris Johnson will send a long sigh of exasperation through the political establishment in Brussels.

Officials there have already said the deal on offer will not change making the possibility of a “no deal” departure from the union more like come October, even though the majority of lawmakers in the British Parliament have voted against such a scenario. Philip Hammond, Britain’s chancellor of the exchequer, told CNBC on Saturday that the probability of a no deal departure is “very small.”


Company: cnbc, Activity: cnbc, Date: 2019-06-10  Authors: holly ellyatt
Keywords: news, cnbc, companies, economy, leadership, boris, johnson, leader, uk, kicks, brexit, candidates, weaken, party, minister, deal, race, starts, conservative


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Russia kicks off economic forum, but its wealth is on shaky ground

Russia began its annual St Petersburg International Economic Forum (SPIEF) on Thursday, an event at which it will try to boost its appeal to international businesses and investors. Russia has been hit by five years of international sanctions on its economy following its annexation of Crimea and role in pro-Russian uprising in Ukraine. Of course, the international sanctions remain an obstacle, a handicap to create more positive momentum and more structural confidence,” he said. He also said Russi


Russia began its annual St Petersburg International Economic Forum (SPIEF) on Thursday, an event at which it will try to boost its appeal to international businesses and investors. Russia has been hit by five years of international sanctions on its economy following its annexation of Crimea and role in pro-Russian uprising in Ukraine. Of course, the international sanctions remain an obstacle, a handicap to create more positive momentum and more structural confidence,” he said. He also said Russi
Russia kicks off economic forum, but its wealth is on shaky ground Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: holly ellyatt
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Russia kicks off economic forum, but its wealth is on shaky ground

Russian President Vladimir Putin arrives to deliver his annual state of the nation address in Moscow on February 20, 2019.

Russia began its annual St Petersburg International Economic Forum (SPIEF) on Thursday, an event at which it will try to boost its appeal to international businesses and investors.

Russia has been hit by five years of international sanctions on its economy following its annexation of Crimea and role in pro-Russian uprising in Ukraine. It is also not immune to the effects of the U.S.’ trade war with China which is putting the brakes on global growth.

Frederic Oudea, president of the European Banking Federation and CEO of Societe Generale, told a Russian economy panel at SPIEF Thursday that while the country’s finances were not faring too badly given the global environment, sanctions remained a hurdle.

“In this world of uncertainty … I think Russia has done pretty well in the last few quarters. Of course, the international sanctions remain an obstacle, a handicap to create more positive momentum and more structural confidence,” he said.

A stalling in Russia’s economy is borne out in the latest growth data that revealed the economy had slowed in the first quarter of 2019 to its weakest level since late 2017.

In May, Russia’s Economy Ministry had already warned of lower growth in 2019, forecasting 1.3% this year. Meanwhile the Central Bank of Russia expects GDP to grow by 1.2 – 1.7% this year with both domestic and external factors hampering growth.

Finance Minister Alexei Kudrin, who also took part in SPIEF’s inaugural panel was more pessimistic, predicting less than 1% growth in 2019. He also said Russia needed to improve the rule of law and that a lack of confidence in government was affecting investment.

“According to my forecasts, the growth potential is something close to 2% and I don’t think we’ll make 3% or above because we’re not quite active enough in improving structural things … We have to implement a number of measures in order to increase confidence otherwise we cannot expect more investments.”

Russian Finance Minister Anton Siluanov told the SPIEF panel Thursday that it was the aim of the government to boost economic and business activity and that lackluster growth in recent quarters had been expected due to tax changes. He conceded that Russia needed to boost structural reforms, however.

“We’re just getting the national initiatives going to tackle the problems that we’ve never tackled (like) boosting exports, productivity, small and medium-sized business,” he said.

“These are the spheres where our government is trying to resolve the problems we have. I’m sure this will give an additional impetus for growth but we’re just at the beginning and it’s not that simple,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: holly ellyatt
Keywords: news, cnbc, companies, russia, panel, structural, boost, wealth, spief, confidence, international, growth, shaky, sanctions, ground, forum, economy, kicks, economic


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US Treasury yields tick lower as Fed meeting kicks off

The yield on the benchmark 10-year Treasury note traded at 2.504% while the 30-year bond dipped to 2.931%. The Fed is largely expected to keep rates unchanged, but investors will look for clues about where the central bank thinks the economy is headed. The central bank’s meeting comes after its preferred measure of inflation, the core personal consumption expenditures index, remained unchanged for March. “The recent drop in core inflation rates (as measured by both the CPI and PCE) seems to conf


The yield on the benchmark 10-year Treasury note traded at 2.504% while the 30-year bond dipped to 2.931%. The Fed is largely expected to keep rates unchanged, but investors will look for clues about where the central bank thinks the economy is headed. The central bank’s meeting comes after its preferred measure of inflation, the core personal consumption expenditures index, remained unchanged for March. “The recent drop in core inflation rates (as measured by both the CPI and PCE) seems to conf
US Treasury yields tick lower as Fed meeting kicks off Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: fred imbert sam meredith, fred imbert, sam meredith
Keywords: news, cnbc, companies, lower, tick, unchanged, rate, treasury, meeting, inflation, market, rates, fell, fedwatch, kicks, fed, yields, index


US Treasury yields tick lower as Fed meeting kicks off

The yield on the benchmark 10-year Treasury note traded at 2.504% while the 30-year bond dipped to 2.931%. Yields move inversely to prices.

The Fed is largely expected to keep rates unchanged, but investors will look for clues about where the central bank thinks the economy is headed.

The central bank’s meeting comes after its preferred measure of inflation, the core personal consumption expenditures index, remained unchanged for March. Labor conditions, however, remain, tight in the U.S.

“Many at the Fed seem to be perplexed (and a bit concerned) by the perceived disappearance of the trade-off between unemployment and inflation,” wrote William Delwiche, investment strategist at Baird. “The recent drop in core inflation rates (as measured by both the CPI and PCE) seems to confirm those concerns and fits a narrative that inflation pressures are easing.”

Expectations for a rate cut at this meeting are just at 4%, according to the CME Group’s FedWatch tool. But the market has fully priced in lower overnight rates by October, FedWatch shows.

But Anwiti Bahuguna, head of multi-asset strategy at Columbia Threadneedle Investments, said the Fed could actually raise rates toward the end of the year as the data remains strong.

“I don’t know how they will communicate that because they have done quite a pivot,” she said. “Communication for them is getting tricky because expectations are so different among market participants.”

Yields also fell after the release of mixed economic data. The Chicago Purchasing Manager Index (PMI) fell to 52.6 from 58.7 in March. Meanwhile, home prices grew at a slower rate in February on a year-over-year basis, according to the S&P CoreLogic Case-Shiller home price index.

Pending home sales rose 3.8% in March, however, thanks in part to a sharp drop in mortgage rates.


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: fred imbert sam meredith, fred imbert, sam meredith
Keywords: news, cnbc, companies, lower, tick, unchanged, rate, treasury, meeting, inflation, market, rates, fell, fedwatch, kicks, fed, yields, index


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‘Chinese people love and long for peace,’ President Xi says as major naval parade kicks off

The Chinese people love peace and countries should not threaten each other with the use of force, President Xi Jinping said on Tuesday as he kicked off a large-scale naval parade marking 70 years since the founding of China’s navy. Meeting foreign naval officers in the eastern Chinese city of Qingdao, Xi said the navies of the world should work together to protect maritime peace and order. Xi is expected to review the naval parade from sea later in the day, though it is unclear whether poor weat


The Chinese people love peace and countries should not threaten each other with the use of force, President Xi Jinping said on Tuesday as he kicked off a large-scale naval parade marking 70 years since the founding of China’s navy. Meeting foreign naval officers in the eastern Chinese city of Qingdao, Xi said the navies of the world should work together to protect maritime peace and order. Xi is expected to review the naval parade from sea later in the day, though it is unclear whether poor weat
‘Chinese people love and long for peace,’ President Xi says as major naval parade kicks off Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: artyom ivanov, tass, getty images
Keywords: news, cnbc, companies, sea, kicks, xi, countries, major, naval, love, chinese, china, parade, long, foreign, peace, force, president


'Chinese people love and long for peace,' President Xi says as major naval parade kicks off

The Chinese people love peace and countries should not threaten each other with the use of force, President Xi Jinping said on Tuesday as he kicked off a large-scale naval parade marking 70 years since the founding of China’s navy.

Xi is overseeing a sweeping plan to refurbish the People’s Liberation Army (PLA) by developing everything from stealth jets to aircraft carriers as China ramps up its presence in the disputed South China Sea and around self-ruled Taiwan, which have rattled nerves around the region and in Washington.

The navy has been a key beneficiary of the modernization plan, with China looking to project power far from the country’s shores and protect its trading routes and citizens overseas.

Meeting foreign naval officers in the eastern Chinese city of Qingdao, Xi said the navies of the world should work together to protect maritime peace and order.

“The Chinese people love and long for peace, and will unswervingly follow the path of peaceful development,” Xi added, in remarks carried by the official Xinhua news agency, after foreign reporters were asked by Xi to leave the room.

“Everyone should respect each other, treat each other as equals, enhance mutual trust, strengthen maritime dialogue and exchanges, and deepen pragmatic cooperation between navies,” he added.

“There must be more discussions and consultations between countries, and there cannot be resorts to force or threats of force at the slightest pretext,” Xi said.

“All countries should adhere to equal consultations, improve crisis communication mechanisms, strengthen regional security cooperation, and promote the proper settlement of maritime-related disputes.”

Xi is expected to review the naval parade from sea later in the day, though it is unclear whether poor weather in Qingdao — with mist and driving rain — could affect the event.

The parade will feature 32 Chinese vessels and 39 aircraft, as well as warships from 13 foreign countries including India, Japan, Vietnam and Australia.

China has said it will display for the first time new nuclear submarines and warships.

China has frequently had to rebuff concerns about its military intentions, especially as military spending continues to scale new heights.

Beijing says it has nothing to hide, and invited a small number of foreign media onboard a naval ship to watch the parade, including from Reuters.

China’s last naval battles were with the Vietnamese in the South China Sea in 1974 and 1988, though these were relatively minor skirmishes.

Chinese navy ships have also participated in international anti-piracy patrols off Somalia’s coast since late 2008.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: artyom ivanov, tass, getty images
Keywords: news, cnbc, companies, sea, kicks, xi, countries, major, naval, love, chinese, china, parade, long, foreign, peace, force, president


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IPOs are red hot, doubling the return of the market, as Levi Strauss kicks off wave of offerings

Renaissance Capital, which tracks the IPO market, counts 37 companies in registration targeting $10 billion of proceeds. “We are concerned about how the public markets will absorb all this issuance,” Kathleen Smith from Renaissance Capital told CNBC. Her point is that the market is very different than it was 20 years ago. These financial advisors often aren’t even stock pickers and don’t follow the IPO market. “The era when your broker called you up and said, ‘We’ve got a hot deal for you,’ is m


Renaissance Capital, which tracks the IPO market, counts 37 companies in registration targeting $10 billion of proceeds. “We are concerned about how the public markets will absorb all this issuance,” Kathleen Smith from Renaissance Capital told CNBC. Her point is that the market is very different than it was 20 years ago. These financial advisors often aren’t even stock pickers and don’t follow the IPO market. “The era when your broker called you up and said, ‘We’ve got a hot deal for you,’ is m
IPOs are red hot, doubling the return of the market, as Levi Strauss kicks off wave of offerings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: bob pisani
Keywords: news, cnbc, companies, ipo, proceeds, strauss, record, return, smith, ipos, offerings, market, financial, billion, red, wave, levi, hot, dont, kicks, renaissance, targeting


IPOs are red hot, doubling the return of the market, as Levi Strauss kicks off wave of offerings

Renaissance Capital, which tracks the IPO market, counts 37 companies in registration targeting $10 billion of proceeds. But that’s just the beginning: Renaissance has 234 companies targeting 2019 IPOs with valuations of nearly $700 billion, with a strong possibility that 2019 will be a record $100 billion year for IPO proceeds, passing the 2000 record of $96 billion.

It all sounds terrific, but there’s a simple problem: Who’s going to buy all this stuff?

“We are concerned about how the public markets will absorb all this issuance,” Kathleen Smith from Renaissance Capital told CNBC.

Her point is that the market is very different than it was 20 years ago. There are fewer individual investors. Many don’t even have brokerage accounts. They have financial advisors who do asset allocation using index investing and ETFs. These financial advisors often aren’t even stock pickers and don’t follow the IPO market. They are asset allocators.

“The era when your broker called you up and said, ‘We’ve got a hot deal for you,’ is mostly over,” Smith said.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: bob pisani
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Here’s what to expect from China’s key government meeting which kicks off this week

Beijing is set to announce its economic growth target and endorse new rules around foreign investment in the next two weeks during its major annual parliamentary meeting: the National People’s Congress. The gathering of nearly 3,000 representatives from different strata of Chinese society is typically ceremonial in nature. The real power in the country lies in the Communist Party and its Politburo Standing Committee, headed right now by President Xi Jinping. But announcements made during the con


Beijing is set to announce its economic growth target and endorse new rules around foreign investment in the next two weeks during its major annual parliamentary meeting: the National People’s Congress. The gathering of nearly 3,000 representatives from different strata of Chinese society is typically ceremonial in nature. The real power in the country lies in the Communist Party and its Politburo Standing Committee, headed right now by President Xi Jinping. But announcements made during the con
Here’s what to expect from China’s key government meeting which kicks off this week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: evelyn cheng, lintao zhang, pool, getty images
Keywords: news, cnbc, companies, weeks, key, xi, heres, peoples, chinas, morning, congress, expect, kicks, meeting, week, trade, national, chinese


Here's what to expect from China's key government meeting which kicks off this week

Beijing is set to announce its economic growth target and endorse new rules around foreign investment in the next two weeks during its major annual parliamentary meeting: the National People’s Congress.

The gathering of nearly 3,000 representatives from different strata of Chinese society is typically ceremonial in nature. The real power in the country lies in the Communist Party and its Politburo Standing Committee, headed right now by President Xi Jinping. But announcements made during the congress can shed some light on government policy.

This year’s meeting also takes place as the international legal battle over Chinese telecom giant Huawei intensifies, and U.S.-China trade negotiations reach a critical point, with some reports saying a trade deal is close at hand.

The second session of the 13th National People’s Congress (NPC) will kick off on Tuesday morning and end next week Friday (Mar. 5-15), a spokesperson announced during a press conference Monday morning.


Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: evelyn cheng, lintao zhang, pool, getty images
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Trump and Kim meet face-to-face in Vietnam as second summit kicks off

U.S. President Donald Trump and North Korean leader Kim Jong Un on Wednesday met face-to-face for the first time since their historic summit last year. Trump is pushing North Korea to give up its nuclear weapons as he dangles the prospect of an economic boost to the hermit nation. Kim wants to see sanctions eased without losing the strategic benefits of his weapons of mass destruction. The summit kicked off with a brief one-on-one meeting between the two leaders at the historic Metropole hotel i


U.S. President Donald Trump and North Korean leader Kim Jong Un on Wednesday met face-to-face for the first time since their historic summit last year. Trump is pushing North Korea to give up its nuclear weapons as he dangles the prospect of an economic boost to the hermit nation. Kim wants to see sanctions eased without losing the strategic benefits of his weapons of mass destruction. The summit kicked off with a brief one-on-one meeting between the two leaders at the historic Metropole hotel i
Trump and Kim meet face-to-face in Vietnam as second summit kicks off Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: everett rosenfeld, evan vucci, ap photo, eunice yoon, -tong zhao, fellow, carnegie-tsinghua center for global policy
Keywords: news, cnbc, companies, house, second, yearthis, kicks, summit, facetoface, north, trump, kim, weapons, historic, meet, vietnam, white, korean


Trump and Kim meet face-to-face in Vietnam as second summit kicks off

U.S. President Donald Trump and North Korean leader Kim Jong Un on Wednesday met face-to-face for the first time since their historic summit last year.

This time around, the heads of the two nuclear-armed nations are squaring off in Vietnam for two days of talks that are set to focus on many of the same issues they debated last June in Singapore.

Trump is pushing North Korea to give up its nuclear weapons as he dangles the prospect of an economic boost to the hermit nation. Kim wants to see sanctions eased without losing the strategic benefits of his weapons of mass destruction.

The summit kicked off with a brief one-on-one meeting between the two leaders at the historic Metropole hotel in Hanoi. Trump and Kim were then joined by U.S. Secretary of State Mike Pompeo, acting White House chief of staff Mick Mulvaney and two North Korean officials for what the White House deemed a “social dinner.”


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: everett rosenfeld, evan vucci, ap photo, eunice yoon, -tong zhao, fellow, carnegie-tsinghua center for global policy
Keywords: news, cnbc, companies, house, second, yearthis, kicks, summit, facetoface, north, trump, kim, weapons, historic, meet, vietnam, white, korean


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US stock futures point to lower open as Trump-Kim summit kicks off, Fed’s Powell testifies again

U.S. stock index futures were slightly lower Wednesday morning as a summit between President Donald Trump and North Korean leader Kim Jong Un got under way. ET, Dow Jones Industrial Average futures were 69 points lower, indicating a decline of more than 80 points at the open. Stock futures also fell after Pakistan said it shot down two Indian jets and carried out air strikes in Kashmir. The Fed has been caught in a market crossfire in the past several months, triggered by worries it was on a set


U.S. stock index futures were slightly lower Wednesday morning as a summit between President Donald Trump and North Korean leader Kim Jong Un got under way. ET, Dow Jones Industrial Average futures were 69 points lower, indicating a decline of more than 80 points at the open. Stock futures also fell after Pakistan said it shot down two Indian jets and carried out air strikes in Kashmir. The Fed has been caught in a market crossfire in the past several months, triggered by worries it was on a set
US stock futures point to lower open as Trump-Kim summit kicks off, Fed’s Powell testifies again Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: fred imbert, sam meredith
Keywords: news, cnbc, companies, stock, policy, point, trumpkim, testifies, path, kicks, summit, fed, open, set, trump, lower, futures, powell, points


US stock futures point to lower open as Trump-Kim summit kicks off, Fed's Powell testifies again

U.S. stock index futures were slightly lower Wednesday morning as a summit between President Donald Trump and North Korean leader Kim Jong Un got under way. Investors also awaited more testimony from the top-ranking Federal Reserve official.

At around 7 a.m. ET, Dow Jones Industrial Average futures were 69 points lower, indicating a decline of more than 80 points at the open. Futures on the S&P 500 and Nasdaq 100 were both seen relatively downbeat.

Stock futures also fell after Pakistan said it shot down two Indian jets and carried out air strikes in Kashmir. Tensions have been elevated since a suicide car bombing by Pakistan-based militants in Indian-controlled Kashmir killed at least 40 Indian paramilitary police on Feb. 14, but the risk of conflict rose dramatically on Tuesday when India launched an air strike on what it said was a militant training base.

The Trump-Kim summit comes ahead of their second summit in less than a year, with investors monitoring whether the meeting can break a stalemate over Pyongyang’s nuclear weapons and end more than 70 years of hostility. Trump said he hoped the summit will be “equal or greater” relative to last year’s meeting with Kim.

In the U.S., Fed Chairman Jerome Powell is scheduled to testify in front of a House committee. On Tuesday, he told members of the Senate Banking Committee the central banks remains “patient” in its approach to monetary policy. Powell also described the U.S. economic outlook as “generally favorable” but one that faces challenges from abroad.

The Fed has been caught in a market crossfire in the past several months, triggered by worries it was on a set policy path and would continue tightening even if conditions weakened.

However, more recently, officials have been conveying a message of patience with the future policy path, including both the approach to interest rates and to reducing the bonds the Fed holds on its balance sheet.

On the data front, advanced economic indicators for December will be released at around 8:30 a.m. ET. Pending home sales for January and factory orders for December are both set to follow later in the session.

On Tuesday evening, the futures contracts for U.S. stock indexes, Treasurys and commodities were temporarily halted for several hours. It followed a technical fault at CME Group.

— CNBC’s Jeff Cox and Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: fred imbert, sam meredith
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China kicks off consumption drive with subsidies for Beijing shoppers

China’s push to stoke spending in the sluggish retail sector began on Friday with Beijing households given subsidies to buy electrical appliances, in the first of what is expected to be a barrage of incentives to revive private consumption. State media on Wednesday announced the incentives that give Beijing households subsidies of up to $120 every time they purchase a television or refrigerator. At a GOME outlet in downtown Beijing on Friday, a media executive visited the home appliance store de


China’s push to stoke spending in the sluggish retail sector began on Friday with Beijing households given subsidies to buy electrical appliances, in the first of what is expected to be a barrage of incentives to revive private consumption. State media on Wednesday announced the incentives that give Beijing households subsidies of up to $120 every time they purchase a television or refrigerator. At a GOME outlet in downtown Beijing on Friday, a media executive visited the home appliance store de
China kicks off consumption drive with subsidies for Beijing shoppers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: visual china group, getty images
Keywords: news, cnbc, companies, shoppers, drive, consumption, kicks, subsidies, sales, incentives, expected, china, households, appliances, growth, beijing, retail, media


China kicks off consumption drive with subsidies for Beijing shoppers

China’s push to stoke spending in the sluggish retail sector began on Friday with Beijing households given subsidies to buy electrical appliances, in the first of what is expected to be a barrage of incentives to revive private consumption.

The National Development and Reform Commission (NDRC), China’s state planner, on Tuesday unveiled a raft of measures to boost consumption of goods ranging from eco-friendly appliances to big-ticket items such as cars, the sales of which have plunged in recent months.

State media on Wednesday announced the incentives that give Beijing households subsidies of up to $120 every time they purchase a television or refrigerator. The subsidy program will last three years. It covers 15 categories of appliances, with the condition that they must be energy-saving.

No details were provided on the program’s full scope or whether other cities would unveil similar incentives.

Shares of major appliance makers Gree Electric Appliances and Midea Group have risen 4.8 percent and 5.6 percent, respectively, since the NDRC’s Tuesday announcement, outperforming a 2.9 percent gain for the blue-chip stock index.

At a GOME outlet in downtown Beijing on Friday, a media executive visited the home appliance store determined to take advantage of the subsidies.

“We came here yesterday, and the salesman told us that the subsidies would take effect today. So we came back,” said the 35-year-old shopper who declined to give her name as she paid for a refrigerator.

Beijing is trying to fire up growth engines, with the world’s second-biggest economy expected to further slow in 2019.

In addition to subsidies designed to boost retail sales growth — which sank to a 15-year low last year — other stimulus steps include easier monetary policy to encourage bank lending and tax cuts.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: visual china group, getty images
Keywords: news, cnbc, companies, shoppers, drive, consumption, kicks, subsidies, sales, incentives, expected, china, households, appliances, growth, beijing, retail, media


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