Rep. Seth Moulton is latest Democrat to enter 2020 field

WASHINGTON — Rep. Seth Moulton, D-Mass., became the latest Democrat to enter the 2020 presidential race Monday, launching a presidential campaign focused on national security. Moulton has been traveling to early primary and caucus states as he prepared for a presidential run. Moulton is the 19th candidate to enter the very crowded Democratic field. He’s used his position in the House to recruit and support veteran candidacies with his PAC, which contributed $4.3 million in last year’s midterms.


WASHINGTON — Rep. Seth Moulton, D-Mass., became the latest Democrat to enter the 2020 presidential race Monday, launching a presidential campaign focused on national security. Moulton has been traveling to early primary and caucus states as he prepared for a presidential run. Moulton is the 19th candidate to enter the very crowded Democratic field. He’s used his position in the House to recruit and support veteran candidacies with his PAC, which contributed $4.3 million in last year’s midterms.
Rep. Seth Moulton is latest Democrat to enter 2020 field Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: alex seitz-wald, bill clark, cq-roll call group, getty images
Keywords: news, cnbc, companies, 2020, latest, veteran, seth, primary, democrat, enter, veterans, field, moulton, presidential, national, rep, support


Rep. Seth Moulton is latest Democrat to enter 2020 field

WASHINGTON — Rep. Seth Moulton, D-Mass., became the latest Democrat to enter the 2020 presidential race Monday, launching a presidential campaign focused on national security.

A 40-year-old Marine combat veteran who earned a Bronze Star in Iraq, Moulton’s stature has been rising since he won a seat in Congress in 2014 by defeating a long-time Democratic incumbent in a primary.

Moulton may be best known, however, for his opposition to Speaker Nancy Pelosi. His call for new leadership in internal House elections early this year cost him some support back home in his congressional district north of Boston, which includes Salem and the famous fishing town of Gloucester. He later came around to support Pelosi.

Moulton has been traveling to early primary and caucus states as he prepared for a presidential run. This week, he’ll visit all four of them again and participate in a service project in each, something he has long made a part of his campaigns.

Moulton is the 19th candidate to enter the very crowded Democratic field. He’s hardly a household name and may struggle to stand out from the eight other male candidates.

But his advisers think the primary contest is still wide open and believe voters want a fresh, younger voice who is willing to break with their own party if need be. And his team argues he can carve a place for himself in the field by focusing on national security, which none of the other candidates have prioritized thus far.

He’s used his position in the House to recruit and support veteran candidacies with his PAC, which contributed $4.3 million in last year’s midterms.

Unlike most other young veterans in politics, Moulton joined the military before the September 11 terror attacks and led one of the first platoons to enter Baghdad during the initial invasion.

The other veterans in the 2020 field are Pete Buttigieg, the mayor of South Bend, Indiana, and Rep. Tulsi Gabbard, D-Hawaii.

Moulton holds three degrees from Harvard — including an MBA and masters of public policy — and attended the elite Phillips Academy prep school in Andover, Mass.

Ideologically, Moulton is progressive on many issues, coming out for the Green New Deal and abolishing the Electoral College and Senate filibuster before some other candidates. But he’s temperamentally considered more moderate.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: alex seitz-wald, bill clark, cq-roll call group, getty images
Keywords: news, cnbc, companies, 2020, latest, veteran, seth, primary, democrat, enter, veterans, field, moulton, presidential, national, rep, support


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Kraft Heinz’s CEO is the latest victim of Big Food’s exodus of leaders

Kraft Heinz’s Bernardo Hees is the latest CEO to announce his exit from a food company, as the industry goes through unprecedented turnover and challenges. When Morrison left last May, she capped a streak of 15 CEO departures since the beginning of 2016. The longest-tenured food company CEO is Joe Sanderson, the third-generation leader of poultry company Sanderson Farms. Irwin Simon, the founder and chief of Hain Celestial Group, had been the second-longest tenured CEO when he left in June. That


Kraft Heinz’s Bernardo Hees is the latest CEO to announce his exit from a food company, as the industry goes through unprecedented turnover and challenges. When Morrison left last May, she capped a streak of 15 CEO departures since the beginning of 2016. The longest-tenured food company CEO is Joe Sanderson, the third-generation leader of poultry company Sanderson Farms. Irwin Simon, the founder and chief of Hain Celestial Group, had been the second-longest tenured CEO when he left in June. That
Kraft Heinz’s CEO is the latest victim of Big Food’s exodus of leaders Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lauren hirsch, david a grogan
Keywords: news, cnbc, companies, latest, foods, big, shift, exodus, store, food, heinzs, sanderson, kraft, company, left, growth, ceo, morrison, leaders, victim, simon


Kraft Heinz's CEO is the latest victim of Big Food’s exodus of leaders

Kraft Heinz’s Bernardo Hees is the latest CEO to announce his exit from a food company, as the industry goes through unprecedented turnover and challenges.

The parade of departures includes Kellogg’s John Bryant, Mondelez International’s Irene Rosenfeld and Campbell Soup’s Denise Morrison. When Morrison left last May, she capped a streak of 15 CEO departures since the beginning of 2016.

The longest-tenured food company CEO is Joe Sanderson, the third-generation leader of poultry company Sanderson Farms.

Irwin Simon, the founder and chief of Hain Celestial Group, had been the second-longest tenured CEO when he left in June. Simon, who held the top job at the natural foods company since 1993, stepped down as the company came under activist pressure.

Now, Sean Connolly, Conagra’s CEO, holds that title. He joined the company in 2015.

The CEO merry-go-round underscores the challenges iconic food brands are facing. These grocery store staples are struggling to create growth in the face of upstart rivals, rapidly changing consumer trends and their own slower-paced cultures. If they want to buy growth, there are limited and expensive options.

These executives are also victims of their predecessors’ successes. The scale that once gave CEOs power at the grocery store and yielded cost savings now makes it harder to casually shift away from legacy businesses. Campbell could cut down on soup production and Kellogg its cereal business, but both would still have the fixed costs associated with these businesses.

It is, therefore, a challenge for a CEO to gather support from a company to shift its focus from namesake moneymakers to bet on growth. That’s even in the face of packaged food company sales slowing last year to 1.2%, according to Euromonitor.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lauren hirsch, david a grogan
Keywords: news, cnbc, companies, latest, foods, big, shift, exodus, store, food, heinzs, sanderson, kraft, company, left, growth, ceo, morrison, leaders, victim, simon


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Pete Buttigieg raises $1 million within four hours of 2020 campaign announcement

In the 24 hours after launching an exploratory committee in late January, for instance, Buttigieg raised about $120,000, according to spokeswoman Lis Smith. But after his campaign launch Sunday, Buttigieg collected seven figures in donations in about four hours, the campaign said. Of the $7,091,224.39 Buttigieg reported raising, he spent less than $700,000. That leaves him with more than $6.4 million in cash on hand, even before adding in the latest $1 million reported by his campaign on Sunday.


In the 24 hours after launching an exploratory committee in late January, for instance, Buttigieg raised about $120,000, according to spokeswoman Lis Smith. But after his campaign launch Sunday, Buttigieg collected seven figures in donations in about four hours, the campaign said. Of the $7,091,224.39 Buttigieg reported raising, he spent less than $700,000. That leaves him with more than $6.4 million in cash on hand, even before adding in the latest $1 million reported by his campaign on Sunday.
Pete Buttigieg raises $1 million within four hours of 2020 campaign announcement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: kevin breuninger
Keywords: news, cnbc, companies, fundraising, president, exploratory, latest, campaign, pete, national, buttigieg, raises, million, 2020, reported, announcement, hours


Pete Buttigieg raises $1 million within four hours of 2020 campaign announcement

The GOP has been taken over by an economic populist, says Mayor Pete Buttigieg 11:13 AM ET Fri, 12 April 2019 | 03:31

Pete Buttigieg, the latest Democrat to launch a full-fledged 2020 presidential campaign, raised $1 million just hours after announcing his official bid, according to his spokeswoman.

The fundraising haul, shared Sunday by Buttigieg’s team after his announcement speech, provides the latest data point indicating the South Bend, Indiana, mayor’s growing profile on the national stage in the few months since entering the contest as a relative unknown.

In the 24 hours after launching an exploratory committee in late January, for instance, Buttigieg raised about $120,000, according to spokeswoman Lis Smith. But after his campaign launch Sunday, Buttigieg collected seven figures in donations in about four hours, the campaign said.

Buttigieg, the youngest of the 18-plus confirmed candidates to join the race against President Donald Trump, had already reported raising over $7 million in the first fundraising quarter during his “exploratory” campaign phase. That sum put the 37-year-old mayor ahead of a number of more nationally established candidates for the quarter.

Neither Buttigieg nor any other 2020 Democrat has come close to matching the Trump campaign’s first-quarter fundraising haul, however. The president’s reelection campaign announced Monday that it took in $30.3 million overall in the fundraising period, leaving it with $40.8 million in cash on hand.

Trump’s campaign and the Republican National Committee reported a combined $76.1 million to the FEC.

Buttigieg has used his campaign funds more sparingly, according to a recent filing from the Federal Election Commission. Of the $7,091,224.39 Buttigieg reported raising, he spent less than $700,000. That leaves him with more than $6.4 million in cash on hand, even before adding in the latest $1 million reported by his campaign on Sunday.

That’s an especially low “burn rate,” experts and media figures have claimed, and one that his spokeswoman chalks up to the self-described millennial mayor’s intent to run a “21st century campaign doing more with less.”

Buttigieg told CNBC in a February interview that “I understand this is an underdog project.” Yet the Rhodes Scholar and Afghanistan War veteran, who would be both the youngest and the first openly gay president in U.S. history if elected, has matched his fundraising gains with sizable jumps in polling since launching his exploratory committee.

A Emerson national poll of the 2020 contenders in mid-February, for instance, notched Buttigieg at 0% support, falling well below 12 other Democrats in the primary at the time.

But the latest national poll from Emerson released Monday morning saw Buttigieg rise to the No. 3 slot with 9%, beating 17 other Democrats and falling behind only former Vice President Joe Biden and Vermont Sen. Bernie Sanders — both of whom have been leading names in American politics for years.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: kevin breuninger
Keywords: news, cnbc, companies, fundraising, president, exploratory, latest, campaign, pete, national, buttigieg, raises, million, 2020, reported, announcement, hours


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EU grants UK flexible Brexit extension until October 31

EU grants UK flexible Brexit extension until October 318 Hours AgoCNBC’s Silvia Amaro outlines the conditions of the latest agreement between the U.K. and the EU on Brexit.


EU grants UK flexible Brexit extension until October 318 Hours AgoCNBC’s Silvia Amaro outlines the conditions of the latest agreement between the U.K. and the EU on Brexit.
EU grants UK flexible Brexit extension until October 31 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11
Keywords: news, cnbc, companies, brexit, extension, 31, hours, grants, uk, outlines, eu, silvia, flexible, latest


EU grants UK flexible Brexit extension until October 31

EU grants UK flexible Brexit extension until October 31

8 Hours Ago

CNBC’s Silvia Amaro outlines the conditions of the latest agreement between the U.K. and the EU on Brexit.


Company: cnbc, Activity: cnbc, Date: 2019-04-11
Keywords: news, cnbc, companies, brexit, extension, 31, hours, grants, uk, outlines, eu, silvia, flexible, latest


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IMF raises its 2019 growth forecast for China

The International Monetary Fund upgraded its 2019 growth forecast for China, citing Beijing’s effort to support the economy and improved outlook for the Asian giant’s tariff fight with the U.S.IMF said in its latest World Economic Outlook report that China is projected to grow by 6.3 percent this year, higher than the fund’s previous forecast of 6.2 percent. The latest report, released Tuesday, is widely read globally for the IMF’s assessment of the world economy. China’s economy, the second-lar


The International Monetary Fund upgraded its 2019 growth forecast for China, citing Beijing’s effort to support the economy and improved outlook for the Asian giant’s tariff fight with the U.S.IMF said in its latest World Economic Outlook report that China is projected to grow by 6.3 percent this year, higher than the fund’s previous forecast of 6.2 percent. The latest report, released Tuesday, is widely read globally for the IMF’s assessment of the world economy. China’s economy, the second-lar
IMF raises its 2019 growth forecast for China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: yen nee lee
Keywords: news, cnbc, companies, raises, imf, china, world, usimf, report, economy, forecast, growth, widely, 2019, outlook, worst, latest


IMF raises its 2019 growth forecast for China

The International Monetary Fund upgraded its 2019 growth forecast for China, citing Beijing’s effort to support the economy and improved outlook for the Asian giant’s tariff fight with the U.S.

IMF said in its latest World Economic Outlook report that China is projected to grow by 6.3 percent this year, higher than the fund’s previous forecast of 6.2 percent. The latest report, released Tuesday, is widely read globally for the IMF’s assessment of the world economy.

China’s economy, the second-largest in the world, grew by 6.6. percent last year — its worst performance in 28 years.


Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: yen nee lee
Keywords: news, cnbc, companies, raises, imf, china, world, usimf, report, economy, forecast, growth, widely, 2019, outlook, worst, latest


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Here’s the latest on what to expect from Apple’s new iPhones

Apple’s 2019 iPhones will have fancy new camera capabilities and wireless charging that lets you juice up other gadgets, according to a report published Monday from Macotakara, a trusted Apple blog. Apple now uses USB-C on its latest iPad Pro models and the MacBook, but hasn’t yet switched over to the standard for iPhones. It could allow for faster charging and data rates that are otherwise limited by Apple’s proprietary Lightning port. The iPhones are also expected to adopt a feature that’s ava


Apple’s 2019 iPhones will have fancy new camera capabilities and wireless charging that lets you juice up other gadgets, according to a report published Monday from Macotakara, a trusted Apple blog. Apple now uses USB-C on its latest iPad Pro models and the MacBook, but hasn’t yet switched over to the standard for iPhones. It could allow for faster charging and data rates that are otherwise limited by Apple’s proprietary Lightning port. The iPhones are also expected to adopt a feature that’s ava
Here’s the latest on what to expect from Apple’s new iPhones Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: todd haselton, cnbc, magdalena petrova
Keywords: news, cnbc, companies, expect, apple, heres, camera, wireless, latest, apples, watch, phones, iphones, usbc, iphone, charging, macotakara


Here's the latest on what to expect from Apple's new iPhones

Apple’s 2019 iPhones will have fancy new camera capabilities and wireless charging that lets you juice up other gadgets, according to a report published Monday from Macotakara, a trusted Apple blog.

Macotakara said Apple will continue to sell two iPhones with high-end OLED screens, but it will increase the size of its smallest iPhone — currently the iPhone XS — from 5.8 inches to 6.1 inches, the same size of the iPhone XR. It will also continue to sell a 6.5-inch Max-sized device.

The website echoed a report from The Wall Street Journal in January and said that Apple will add a third camera sensor to the back of its new iPhones. Macotakara didn’t say what the third camera will be used for, but Bloomberg said in January that it will enable new 3D augmented reality applications.

Macotakara also suggested a couple of other important changes, namely that Apple may switch to USB-C from Lightning on the iPhone. USB-C is a universal connector that works on all kinds of gadgets, including Android phones and Windows PCs. Apple now uses USB-C on its latest iPad Pro models and the MacBook, but hasn’t yet switched over to the standard for iPhones. It could allow for faster charging and data rates that are otherwise limited by Apple’s proprietary Lightning port.

The iPhones are also expected to adopt a feature that’s available on Samsung’s latest Galaxy S10 phones. Like top Apple analyst Ming-Chi Kuo of TF International Securitiesreported, Macotakara said the devices will be able to wirelessly charge other products, like the Apple Watch and AirPods, using reverse wireless charging. The Apple Watch doesn’t support the Qi wireless charging standard like new AirPods, however, so this may not work with older Apple Watch models. Kuo also said last week that the phones will have significantly larger batteries.

Apple typically introduces its new iPhones in September. A company spokesperson was not immediately available to comment.

Read more on Macotakara.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: todd haselton, cnbc, magdalena petrova
Keywords: news, cnbc, companies, expect, apple, heres, camera, wireless, latest, apples, watch, phones, iphones, usbc, iphone, charging, macotakara


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Tradeweb shares jump in latest test for crowded IPO market on Wall Street this year

Original price talk of 27.2 million shares at $24 to $26 was twice raised, eventually settling at 40 million shares at $27. Like Tradeweb, Silk Road significantly increased the size of its offering, from 4.7 million shares at $15 to $17 each, to 6 million shares at $19 to $20, and then priced at $20 and opened on the Nasdaq at $33.15. Depending on market conditions, the value of all those companies could be $700 billion to $1 trillion. “It seems Lyft was the only one to price too high, maybe the


Original price talk of 27.2 million shares at $24 to $26 was twice raised, eventually settling at 40 million shares at $27. Like Tradeweb, Silk Road significantly increased the size of its offering, from 4.7 million shares at $15 to $17 each, to 6 million shares at $19 to $20, and then priced at $20 and opened on the Nasdaq at $33.15. Depending on market conditions, the value of all those companies could be $700 billion to $1 trillion. “It seems Lyft was the only one to price too high, maybe the
Tradeweb shares jump in latest test for crowded IPO market on Wall Street this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: bob pisani, source
Keywords: news, cnbc, companies, high, lyft, tradeweb, test, wall, ipo, street, crowded, ipos, companies, market, renaissance, million, shares, latest, public, price, jump


Tradeweb shares jump in latest test for crowded IPO market on Wall Street this year

Tradeweb Markets, an electronic trading platform backed by Blackstone, went public Thursday at $27 a share but opened on the Nasdaq at $34.26, a significant premium.

Original price talk of 27.2 million shares at $24 to $26 was twice raised, eventually settling at 40 million shares at $27.

“The IPO trend is definitely up, companies are looking to price at the high end of the range, or better,” said Santosh Rao, who follows IPOs as head of research for Manhattan Venture.

Two other smaller IPOs — medical device maker Silk Road Medical and diabetes biotech firm NGM Bio, also priced at the high end of their ranges. Like Tradeweb, Silk Road significantly increased the size of its offering, from 4.7 million shares at $15 to $17 each, to 6 million shares at $19 to $20, and then priced at $20 and opened on the Nasdaq at $33.15.

The much-anticipated IPO rush started with jeans legend Levi Strauss, which went public on March 21 at $17 and is still trading well above its initial price, just below $22.

But ride-sharing company Lyft has taken investors on a roller coaster, pricing last week at $72, a significant premium to original talk of $62 to $68. Since then, it has traded as high as $88 and as low as $62 and is now trading close to its $72 original price.

This is not a normal year for IPOs. A tremendous amount is at stake for Wall Street, for the slate of tech unicorns that are seeking to go public — including Pinterest, Uber, Airbnb, WeWork and Palantir — and for the investing public.

About 230 companies are slated to go public this year, according to Renaissance Capital, which advises clients on IPOs and runs the Renaissance Capital IPO ETF, a basket of roughly the last 60 IPOs.

Depending on market conditions, the value of all those companies could be $700 billion to $1 trillion. The amount sold to the public could top $100 billion, which would surpass the record $96 billion raised in 2000.

On the one hand, conditions are perfect: The markets are close to new highs, the Renaissance Capital IPO ETF is up over 30 percent this year, one of the best performing ETFs.

Yet, the sheer number of IPOs that are going to be coming have left investors — those who will be buying this tidal wave — a bit nervous.

The early signs are good — is Lyft an anomaly? “It seems Lyft was the only one to price too high, maybe the original price of $62-$68 would have been better,” Rao said.

The message to the bankers from investors, Rao said, is: “You don’t have a free ride, there is a limit to how far you can go.”

That sentiment was echoed by Kathleen Smith at Renaissance, who is tasked with recommending whether her clients should be buying this wave of IPOs: “We’ve only seen one big unicorn out — Lyft. Let’s see how they price Pinterest, Uber and the other unicorns. They may or not be problematic as well.”

“A lot of money has been thrown at these companies — they have a high opinion of themselves.”


Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: bob pisani, source
Keywords: news, cnbc, companies, high, lyft, tradeweb, test, wall, ipo, street, crowded, ipos, companies, market, renaissance, million, shares, latest, public, price, jump


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Salesforce backs a start-up that uses selfies and A.I. to verify your identity online

Identity verification start-up Onfido says it’s raised $50 million from investors including Salesforce and Microsoft. The firm’s software validates a person’s identity by taking their selfie and applying a mix of machine learning and human fraud experts to match their face with a government-issued ID. Onfido’s AI is used to analyze people’s faces to make sure they are who they say they are and reduce fraud. Though headquartered in London, Kassai said Onfido actually gets most of its business now


Identity verification start-up Onfido says it’s raised $50 million from investors including Salesforce and Microsoft. The firm’s software validates a person’s identity by taking their selfie and applying a mix of machine learning and human fraud experts to match their face with a government-issued ID. Onfido’s AI is used to analyze people’s faces to make sure they are who they say they are and reduce fraud. Though headquartered in London, Kassai said Onfido actually gets most of its business now
Salesforce backs a start-up that uses selfies and A.I. to verify your identity online Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-03  Authors: ryan browne
Keywords: news, cnbc, companies, identity, onfido, million, latest, kassai, ai, uses, fraud, company, online, funding, salesforce, verify, selfies, backs, startup, venture


Salesforce backs a start-up that uses selfies and A.I. to verify your identity online

Identity verification start-up Onfido says it’s raised $50 million from investors including Salesforce and Microsoft.

The firm’s software validates a person’s identity by taking their selfie and applying a mix of machine learning and human fraud experts to match their face with a government-issued ID.

Its latest round of funding, announced Wednesday, was led by Salesforce’s venture capital arm and Japanese financial group SBI, with additional backing from Microsoft’s venture unit and others.

Husayn Kassai, co-founder and CEO of Onfido, told CNBC that the company would use the fresh capital to “continue to invest in the technology and in the AI (artificial intelligence) component.”

Onfido’s AI is used to analyze people’s faces to make sure they are who they say they are and reduce fraud. Its customers include crowdfunding site Indiegogo and remittances app Remitly.

Though headquartered in London, Kassai said Onfido actually gets most of its business now from the U.S., and is looking to strengthen its presence there.

Founded in 2012 by three Oxford University graduates, the company has been in expansion mode, increasing activity across the U.S., Europe and Southeast Asia.

The latest investment brings Onfido’s total funding to more than $100 million. Frank van Veenendaal, former vice chairman of Salesforce, will join the start-up’s board following the deal.


Company: cnbc, Activity: cnbc, Date: 2019-04-03  Authors: ryan browne
Keywords: news, cnbc, companies, identity, onfido, million, latest, kassai, ai, uses, fraud, company, online, funding, salesforce, verify, selfies, backs, startup, venture


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Stocks set to rise on strong China data, trade progress

U.S. stock futures traded higher on Monday following strong manufacturing data out of China. ET, Dow futures rose 166 points, indicating a higher open of 161 points, while the S&P 500 and Nasdaq indexes were also in positive territory. The yield on the 10-year Treasury note recently dipped below that of the 3-month bill, in what’s known as a yield curve inversion. In other news boosting markets, the U.S. and China recently concluded their latest round of trade talks. U.S. officials last week sai


U.S. stock futures traded higher on Monday following strong manufacturing data out of China. ET, Dow futures rose 166 points, indicating a higher open of 161 points, while the S&P 500 and Nasdaq indexes were also in positive territory. The yield on the 10-year Treasury note recently dipped below that of the 3-month bill, in what’s known as a yield curve inversion. In other news boosting markets, the U.S. and China recently concluded their latest round of trade talks. U.S. officials last week sai
Stocks set to rise on strong China data, trade progress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: ryan browne
Keywords: news, cnbc, companies, points, trade, set, yield, rise, data, markets, stocks, latest, inversion, week, higher, china, progress, recently, strong, manufacturing


Stocks set to rise on strong China data, trade progress

U.S. stock futures traded higher on Monday following strong manufacturing data out of China.

At around 02:45 a.m. ET, Dow futures rose 166 points, indicating a higher open of 161 points, while the S&P 500 and Nasdaq indexes were also in positive territory.

Traders turned focus to the latest economic figures from China. A private survey showed the country’s manufacturing activity expanded unexpectedly in March, at its fastest pace in eight months.

The figures gave some much-needed relief to investors unnerved of late by fears of a global economic downturn. Early last week, equities came under pressure as bond markets indicated an impending U.S. recession.

The yield on the 10-year Treasury note recently dipped below that of the 3-month bill, in what’s known as a yield curve inversion. A yield curve inversion is seen as a trusted predictor of a recession.

In other news boosting markets, the U.S. and China recently concluded their latest round of trade talks. U.S. officials last week said China had made proposals on a number of issues — including forced technology transfers — that go further than previous commitments.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: ryan browne
Keywords: news, cnbc, companies, points, trade, set, yield, rise, data, markets, stocks, latest, inversion, week, higher, china, progress, recently, strong, manufacturing


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Investors shouldn’t get scared by latest market pullback: Federated

Market is vulnerable to a sell-off, but bull Phil Orlando says that shouldn’t scare off investors 4:38 PM ET Thu, 21 March 2019 | 01:34One of Wall Street’s biggest bulls suggests the latest market pullback is no fluke. Federated Investors’ Phil Orlando believes the 2019 rally is increasingly vulnerable to a setback that could reach into the second quarter. Yet, he contends it’s no reason for investors to hunker down. “In a worst case scenario… we move back into that 2600 neighborhood depending


Market is vulnerable to a sell-off, but bull Phil Orlando says that shouldn’t scare off investors 4:38 PM ET Thu, 21 March 2019 | 01:34One of Wall Street’s biggest bulls suggests the latest market pullback is no fluke. Federated Investors’ Phil Orlando believes the 2019 rally is increasingly vulnerable to a setback that could reach into the second quarter. Yet, he contends it’s no reason for investors to hunker down. “In a worst case scenario… we move back into that 2600 neighborhood depending
Investors shouldn’t get scared by latest market pullback: Federated Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: stephanie landsman, scott mlyn, michael nagle, bloomberg, getty images, barcroft media, david a grogan
Keywords: news, cnbc, companies, scared, quarter, vulnerable, orlando, latest, negative, federated, phil, think, worst, pullback, market, scenario, investors, shouldnt, sp


Investors shouldn't get scared by latest market pullback: Federated

Market is vulnerable to a sell-off, but bull Phil Orlando says that shouldn’t scare off investors 4:38 PM ET Thu, 21 March 2019 | 01:34

One of Wall Street’s biggest bulls suggests the latest market pullback is no fluke.

Federated Investors’ Phil Orlando believes the 2019 rally is increasingly vulnerable to a setback that could reach into the second quarter. Yet, he contends it’s no reason for investors to hunker down.

“You’re up about 20 percent from Christmas Eve’s bottom. We’re probably due for some consolidation,” the firm’s chief equity strategist said Thursday on CNBC’s “Futures Now.”

That forecast appeared to be taking shape on Friday when the Dow fell 460 points 1.77 percent, and the S&P 500 posted its worst day since January 3.

According to Refinitiv Tradeweb data, the spread between the 3-month Treasury bill and the 10-year note rate turned negative — albeit temporarily — for the first time since 2007. The move sparked recession jitters while weaker than expected overseas data fed into global growth worries.

However, Orlando told “Futures Now” on Friday he doubts these are the catalysts that’ll carry the sell-off.

He cites ongoing U.S.-China trade negotiations and the first quarter earnings reports, which could turn negative on a year-over-year basis, as the longer-term potential drivers for a pullback.

“In a worst case scenario… we move back into that 2600 neighborhood depending on how bad the earnings are, and how slopping the guidance is,” he said. “I don’t think it’s going to be a disaster. I don’t think we’re going to retest the Christmas Eve bottoms.”

Orlando, who has $460 billion in assets under management, has a 3100 year-end price target on the S&P 500 — an 11 percent gain from current levels. According to Orlando, the more typical scenario is the S&P tests the old 2800 resistance level, and then regains its footing. The S&P closed at 2800.71 on Friday.


Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: stephanie landsman, scott mlyn, michael nagle, bloomberg, getty images, barcroft media, david a grogan
Keywords: news, cnbc, companies, scared, quarter, vulnerable, orlando, latest, negative, federated, phil, think, worst, pullback, market, scenario, investors, shouldnt, sp


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