China exempts 16 American products from additional tariffs — here’s the full list

Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment. For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable. Lubricating oil. Decitabine, fluorouridine, cy


Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment. For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable. Lubricating oil. Decitabine, fluorouridine, cy
China exempts 16 American products from additional tariffs — here’s the full list Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, tariffs, meal, including, oil, imposed, products, exempts, china, american, lubricating, hydrochloride, feed, additional, heres, list


China exempts 16 American products from additional tariffs — here's the full list

Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019.

China’s Ministry of Finance announced plans to exempt 16 types of U.S. products from additional tariffs on Wednesday, including food for livestock, cancer drugs and lubricants.

The exemption, which is scheduled to go into effect from September 17, will be valid for a year through to September 16, 2020.

The announcement comes as high-level trade officials from China and the U.S. prepare to meet in Washington next month. It will mark their latest attempt to resolve a protracted trade dispute. Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

The State Council Tariff Commission said on the Ministry of Finance’s website that items on two separate tariff exemption lists would not be subject to additional charges imposed by China on U.S. goods.

For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. Companies can apply to customs within six months.

For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable.

Here are the two lists in full, according to a CNBC translation:

LIST 1: 1. Other shrimp and prawn seedlings. 2. Aster meal and pellets. 3. Other purpura (except coarse powder and pellets). 4. Fish meal for feed. 5. Lubricating oil. 6. Grease. 7. Ring line, insecticidal ring, insecticidal nail, polythiane, etc. (including methylthiophosphorus, buprofezin, aspartate, indoxacarb). 8. Decitabine, fluorouridine, cyclophosphamide, gefitinib, capecitabine, raltitrexed, fludarabine phosphate, fluoride, cytarabine hydrochloride, gemcitabine hydrochloride, ectinib hydrochloride, ifosfamide. 9. Nonionic Organic Surfactant. 10. Mineral oil <70% lubricant. 11. Lubricants containing no petroleum or oils from bituminous minerals. 12. Medical linear accelerator. LIST 2: 1. Whey for feed (2%-7% by weight protein, 76%-88% lactose). 2. Release agent (oil by weight and oil extracted from bitumen ≥70%). 3. Isoparaffin solvent (early boiling point 225 ° C, flash point 92 ° C, density 0.79 g / cm3, viscosity 3.57mm2/s). 4. Lubricating base oil (product viscosity at 100 degrees Celsius). —CNBC's Hilary Pan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, tariffs, meal, including, oil, imposed, products, exempts, china, american, lubricating, hydrochloride, feed, additional, heres, list


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George Soros offers rare praise for Trump and how he’s handled Huawei in the trade war

Billionaire liberal financier George Soros offered some rare praise of Donald Trump’s policies in a Wall Street Journal op-ed Tuesday, but said he’s worried the president will undermine his own strategy. Soros called Trump’s policy on China, “coherent and genuinely bipartisan” as well as “the greatest — and perhaps only — foreign policy accomplishment of the Trump administration.” Specifically, Soros said the Trump administration was right to put Huawei on the Commerce Department’s “entity list”


Billionaire liberal financier George Soros offered some rare praise of Donald Trump’s policies in a Wall Street Journal op-ed Tuesday, but said he’s worried the president will undermine his own strategy. Soros called Trump’s policy on China, “coherent and genuinely bipartisan” as well as “the greatest — and perhaps only — foreign policy accomplishment of the Trump administration.” Specifically, Soros said the Trump administration was right to put Huawei on the Commerce Department’s “entity list”
George Soros offers rare praise for Trump and how he’s handled Huawei in the trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: lauren feiner
Keywords: news, cnbc, companies, trumps, huawei, policy, rare, list, trade, offers, oped, entity, china, hes, war, soros, handled, seriously, praise, trump


George Soros offers rare praise for Trump and how he's handled Huawei in the trade war

Billionaire liberal financier George Soros offered some rare praise of Donald Trump’s policies in a Wall Street Journal op-ed Tuesday, but said he’s worried the president will undermine his own strategy.

Soros called Trump’s policy on China, “coherent and genuinely bipartisan” as well as “the greatest — and perhaps only — foreign policy accomplishment of the Trump administration.”

Specifically, Soros said the Trump administration was right to put Huawei on the Commerce Department’s “entity list” as a national security threat, which prevents U.S. companies from engaging in business with the firm.

In the op-ed, Soros called China “a dangerous rival in artificial intelligence and machine learning” but said its ability to compete in the 5G market is seriously hampered by Huawei’s dependence on U.S. companies.

“As long as Huawei remains on the entity list, it will lack crucial technology and be seriously weakened,” Soros wrote.


Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: lauren feiner
Keywords: news, cnbc, companies, trumps, huawei, policy, rare, list, trade, offers, oped, entity, china, hes, war, soros, handled, seriously, praise, trump


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Saudi Aramco CEO confirms IPO will list locally ‘very soon’

ABU DHABI — Saudi Aramco, the world’s biggest oil company, is prepared for a listing on the Riyadh stock exchange and it will take place “very soon,” its CEO said Tuesday. “What we have always said is that Aramco is ready for listing whenever the shareholders make a decision to list,” Aramco President and CEO Amin Nasser told reporters at the World Energy Conference in Abu Dhabi. Nasser also confirmed the state oil giant’s aims to list internationally in addition to Saudi Arabia, though did not


ABU DHABI — Saudi Aramco, the world’s biggest oil company, is prepared for a listing on the Riyadh stock exchange and it will take place “very soon,” its CEO said Tuesday. “What we have always said is that Aramco is ready for listing whenever the shareholders make a decision to list,” Aramco President and CEO Amin Nasser told reporters at the World Energy Conference in Abu Dhabi. Nasser also confirmed the state oil giant’s aims to list internationally in addition to Saudi Arabia, though did not
Saudi Aramco CEO confirms IPO will list locally ‘very soon’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: natasha turak sam meredith, natasha turak, sam meredith
Keywords: news, cnbc, companies, listing, soon, saudi, stock, public, list, oil, locally, ceo, shareholders, ready, aramco, confirms, ipo


Saudi Aramco CEO confirms IPO will list locally 'very soon'

ABU DHABI — Saudi Aramco, the world’s biggest oil company, is prepared for a listing on the Riyadh stock exchange and it will take place “very soon,” its CEO said Tuesday.

“What we have always said is that Aramco is ready for listing whenever the shareholders make a decision to list,” Aramco President and CEO Amin Nasser told reporters at the World Energy Conference in Abu Dhabi.

“And as you heard from His Royal Highness Prince Abdulaziz yesterday, it is going to be very soon. So, we are ready — that is the bottom line.”

Nasser also confirmed the state oil giant’s aims to list internationally in addition to Saudi Arabia, though did not specify which other locations are under consideration.

“The primary listing is to list locally but we are ready also for listing outside in other districts,” Nasser said.

When asked whether he would prefer to see Aramco list in Tokyo, Japan, he replied: “We are ready to list wherever shareholders decide.”

Reuters reported on Monday that the kingdom plans to list 1% of Aramco on its local stock exchange before the end of this year and another 1% in 2020, citing sources, as first steps ahead of a public sale of roughly 5% of the company.

The oil giant has delayed its IPO, originally scheduled for 2018, reportedly over Saudi concerns about public scrutiny over its finances and because of the complexity of its corporate structure. The listing would be the largest public offering in history.


Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: natasha turak sam meredith, natasha turak, sam meredith
Keywords: news, cnbc, companies, listing, soon, saudi, stock, public, list, oil, locally, ceo, shareholders, ready, aramco, confirms, ipo


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Peloton sets IPO range between $26 and $29 per share, looks to raise as much as $1.2 billion

Peloton seeks to raise as much as $1.16 billion in its initial public offering, the company known for its connected at-home fitness equipment said Tuesday in a regulatory filing. Peloton plans to price its shares between $26 and $29. The company is offering 40 million shares, which would value Peloton at $8.06 billion at the high end of the range. In the fiscal year ended June 30, Peloton reported sales grew 110% to $915 million from $435 million in fiscal 2018. Meanwhile, its 2019 net loss wide


Peloton seeks to raise as much as $1.16 billion in its initial public offering, the company known for its connected at-home fitness equipment said Tuesday in a regulatory filing. Peloton plans to price its shares between $26 and $29. The company is offering 40 million shares, which would value Peloton at $8.06 billion at the high end of the range. In the fiscal year ended June 30, Peloton reported sales grew 110% to $915 million from $435 million in fiscal 2018. Meanwhile, its 2019 net loss wide
Peloton sets IPO range between $26 and $29 per share, looks to raise as much as $1.2 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: angelica lavito
Keywords: news, cnbc, companies, offering, loss, billion, net, shares, company, share, range, ipo, raise, peloton, sets, pelotons, million, month, looks, list


Peloton sets IPO range between $26 and $29 per share, looks to raise as much as $1.2 billion

Peloton seeks to raise as much as $1.16 billion in its initial public offering, the company known for its connected at-home fitness equipment said Tuesday in a regulatory filing.

Peloton plans to price its shares between $26 and $29. The company is offering 40 million shares, which would value Peloton at $8.06 billion at the high end of the range.

The company sells fitness equipment, including stationary bikes and treadmills, that are equipped with screens. Users pay $39 a month to stream Peloton’s classes.

Peloton filed its initial prospectus last month. Documents showed while Peloton’s revenue is growing, its losses are widening. In the fiscal year ended June 30, Peloton reported sales grew 110% to $915 million from $435 million in fiscal 2018. Meanwhile, its 2019 net loss widened to $245.7 million, from a net loss of $47.9 million in the prior year.

Peloton, which will list under the ticker PTON, expects to trade its shares on Nasdaq.

Peloton made it onto CNBC’s “Disruptor 50” list the past two years.

Disclosure: CNBC parent Comcast-NBCUniversal is an investor in Peloton.

— CNBC’s Lauren Hirsch contributed to this story


Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: angelica lavito
Keywords: news, cnbc, companies, offering, loss, billion, net, shares, company, share, range, ipo, raise, peloton, sets, pelotons, million, month, looks, list


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This is the most liveable city in America

Honolulu, Hawaii, has been ranked the most liveable city in the U.S., according to The Economist Intelligence Unit’s (EIU) Global Liveability Index for 2019. Though no U.S. city ranked in the index’s top 20, Honolulu ranked highest at No. 22 out of 140 ranked cities around the world. Ranking one spot higher than last year, it is the only U.S. city to make the top 25 list. Don’t miss: These are the world’s most liveable cities in 2019


Honolulu, Hawaii, has been ranked the most liveable city in the U.S., according to The Economist Intelligence Unit’s (EIU) Global Liveability Index for 2019. Though no U.S. city ranked in the index’s top 20, Honolulu ranked highest at No. 22 out of 140 ranked cities around the world. Ranking one spot higher than last year, it is the only U.S. city to make the top 25 list. Don’t miss: These are the world’s most liveable cities in 2019
This is the most liveable city in America Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: taylor locke
Keywords: news, cnbc, companies, ranked, liveable, honolulu, list, america, eiu, living, hawaii, infrastructure, cities, city


This is the most liveable city in America

Honolulu, Hawaii, has been ranked the most liveable city in the U.S., according to The Economist Intelligence Unit’s (EIU) Global Liveability Index for 2019. Though no U.S. city ranked in the index’s top 20, Honolulu ranked highest at No. 22 out of 140 ranked cities around the world. Ranking one spot higher than last year, it is the only U.S. city to make the top 25 list.

Honolulu, Hawaii Naomi Hayes of Island Memories Photography | Getty Images

The EIU examines the quality of health care, education, infrastructure, stability and culture when assessing living conditions of each city. More than 30 factors are taken into account when calculating each rank, which are then compiled into a weighted score between one and 100. The Hawaiian capital scored 95.0 in stability, 91.7 in health care, 88.0 in culture and environment, 100.0 in education and 100.0 in infrastructure. Its overall rating is 94.1. That said, living in Hawaii comes at a high price. The cost of living in Hawaii is actually the highest of all the U.S. states, according to the Missouri Economic Research and Information Center. Honolulu ranks as the most expensive area to live in within Hawaii, in a list of America’s most expensive states by CNBC.

Trekandshoot | Getty Images

Among the U.S. cities on the EIU list, Atlanta ranked 33rd, followed by Pittsburgh at 34th, Seattle at 36th and Washington, D.C., at 40th. The first four received a rating of 100.0 for education. “In general, the ratings of many U.S. cities fell behind their world rivals for a number of shared reasons,” Steven Leslie, EIU analyst, told CNBC Make It. Those reasons included “higher crime rates, including a mix of petty crimes and more serious violence like mass shootings, weakness in infrastructure and shortfalls in public health care.” However, Leslie said it was important to put the weakness of the U.S. in context, noting that all American cities on the list are in the top half of the ranking. The top five most liveable cities in the U.S., and their score according to The Global Liveability Index 2019, are: Honolulu (94.1) Atlanta (92.3) Pittsburgh (92.1) Seattle (91.6) Washington, D.C. (91.2) Like this story? Subscribe to CNBC Make It on YouTube! Don’t miss: These are the world’s most liveable cities in 2019


Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: taylor locke
Keywords: news, cnbc, companies, ranked, liveable, honolulu, list, america, eiu, living, hawaii, infrastructure, cities, city


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India’s 25 best start-ups to work for, according to LinkedIn

In fact, for the second year running, OYO Hotels and Homes ranks as the best start-up to work for in India. The six-year-old company places top among LinkedIn’s hottest Indian start-ups to work for in 2019. It is joined in the top 25 by start-ups covering a range of industries, from healthcare to e-learning, but all with the country’s thriving tech scene at their cores. They were then ranked based on LinkedIn user feedback across four pillars: Employment growth; engagement with employees; job in


In fact, for the second year running, OYO Hotels and Homes ranks as the best start-up to work for in India. The six-year-old company places top among LinkedIn’s hottest Indian start-ups to work for in 2019. It is joined in the top 25 by start-ups covering a range of industries, from healthcare to e-learning, but all with the country’s thriving tech scene at their cores. They were then ranked based on LinkedIn user feedback across four pillars: Employment growth; engagement with employees; job in
India’s 25 best start-ups to work for, according to LinkedIn Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: karen gilchrist
Keywords: news, cnbc, companies, homes, younger, employees, work, linkedin, hotels, indias, according, startups, best, list, job, oyo


India's 25 best start-ups to work for, according to LinkedIn

India’s largest hospitality chain OYO not only does a good job of making guests feel at home in its global network of hotels and homes, it also manages to extend that feeling to its staff.

In fact, for the second year running, OYO Hotels and Homes ranks as the best start-up to work for in India.

The six-year-old company places top among LinkedIn’s hottest Indian start-ups to work for in 2019. It is joined in the top 25 by start-ups covering a range of industries, from healthcare to e-learning, but all with the country’s thriving tech scene at their cores.

To be considered for this year’s list, companies had to be privately-held, be seven years or younger, and have 50 or more employees. They were then ranked based on LinkedIn user feedback across four pillars: Employment growth; engagement with employees; job interest; and ability to attract top talent from leading employers.

CNBC Make It takes a look at the full list of 25 most attractive start-ups in India right now.


Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: karen gilchrist
Keywords: news, cnbc, companies, homes, younger, employees, work, linkedin, hotels, indias, according, startups, best, list, job, oyo


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Japan’s 10 best start-ups to work for, according to LinkedIn

Artificial intelligence, automation and machine learning are just a few of the new technologies Japan’s top start-ups are embracing to attract employees and stay ahead of the curve. AI software business ExaWizards is leading that charge, according to a new report from LinkedIn, which names it as Japan’s top start-up to work for in 2019. The three-year-old company is followed in the ranks by other homegrown successes including cryptocurrency trading platform bitFlyer and news aggregation platform


Artificial intelligence, automation and machine learning are just a few of the new technologies Japan’s top start-ups are embracing to attract employees and stay ahead of the curve. AI software business ExaWizards is leading that charge, according to a new report from LinkedIn, which names it as Japan’s top start-up to work for in 2019. The three-year-old company is followed in the ranks by other homegrown successes including cryptocurrency trading platform bitFlyer and news aggregation platform
Japan’s 10 best start-ups to work for, according to LinkedIn Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: karen gilchrist
Keywords: news, cnbc, companies, best, linkedin, younger, according, list, work, leading, japans, platform, employees, startups, attract


Japan's 10 best start-ups to work for, according to LinkedIn

Artificial intelligence, automation and machine learning are just a few of the new technologies Japan’s top start-ups are embracing to attract employees and stay ahead of the curve.

AI software business ExaWizards is leading that charge, according to a new report from LinkedIn, which names it as Japan’s top start-up to work for in 2019.

The three-year-old company is followed in the ranks by other homegrown successes including cryptocurrency trading platform bitFlyer and news aggregation platform SmartNews.

To be considered for this year’s list, companies had to be privately-held, be seven years or younger, and have 50 or more employees. They were ranked based on LinkedIn user feedback across four pillars: Employment growth; engagement with employees; job interest; and ability to attract top talent from leading employers.

CNBC Make It takes a look at the list of 10 most attractive start-ups in Japan right now.


Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: karen gilchrist
Keywords: news, cnbc, companies, best, linkedin, younger, according, list, work, leading, japans, platform, employees, startups, attract


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Australia’s 25 best start-ups to work for, according to LinkedIn

Australia’s vibrant start-up scene has this year opened the door to a wealth of attractive new employment opportunities in industries ranging from security to tech. But it’s in financial services that new businesses are making the greatest waves, according to a new workplace ranking. Financial services disruptors make up six of LinkedIn’s 10 most attractive start-ups to work for in Australia this year, with one-year-old challenger bank Judo earning the top spot. To be considered for this year’s


Australia’s vibrant start-up scene has this year opened the door to a wealth of attractive new employment opportunities in industries ranging from security to tech. But it’s in financial services that new businesses are making the greatest waves, according to a new workplace ranking. Financial services disruptors make up six of LinkedIn’s 10 most attractive start-ups to work for in Australia this year, with one-year-old challenger bank Judo earning the top spot. To be considered for this year’s
Australia’s 25 best start-ups to work for, according to LinkedIn Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: karen gilchrist
Keywords: news, cnbc, companies, best, services, linkedin, australia, younger, according, list, attractive, work, employees, startups, australias, employment, workplace, financial


Australia's 25 best start-ups to work for, according to LinkedIn

Australia’s vibrant start-up scene has this year opened the door to a wealth of attractive new employment opportunities in industries ranging from security to tech.

But it’s in financial services that new businesses are making the greatest waves, according to a new workplace ranking.

Financial services disruptors make up six of LinkedIn’s 10 most attractive start-ups to work for in Australia this year, with one-year-old challenger bank Judo earning the top spot.

The new entrant is joined in the rankings by a number of digital banks, lending and financial advisory firms, as well as major names from the design, logistics and cosmetics sectors.

To be considered for this year’s list, companies had to be privately-held, be seven years or younger, and have 50 or more employees. They were then ranked based on LinkedIn user feedback across four criteria: Employment growth; engagement with employees; job interest; and ability to attract top talent from leading employers.

CNBC Make It takes a look at the list of the 25 most attractive start-ups in Australia right now.


Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: karen gilchrist
Keywords: news, cnbc, companies, best, services, linkedin, australia, younger, according, list, attractive, work, employees, startups, australias, employment, workplace, financial


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Here’s a list of recession signals that are flashing red

Drew Angerer | Getty ImagesWhether or not the U.S. is going into a recession is on the minds of Americans everywhere. Data is coming at investors from every angle with so-called recession indicators flashing signs of an economic slowdown brought on by slower growth abroad and the U.S.-China trade war. Here are some major recession indicators that are flashing red. The bond market phenomenon is historically a trusty signal of an eventual recession: It has preceded the seven last recessions. Goldm


Drew Angerer | Getty ImagesWhether or not the U.S. is going into a recession is on the minds of Americans everywhere. Data is coming at investors from every angle with so-called recession indicators flashing signs of an economic slowdown brought on by slower growth abroad and the U.S.-China trade war. Here are some major recession indicators that are flashing red. The bond market phenomenon is historically a trusty signal of an eventual recession: It has preceded the seven last recessions. Goldm
Here’s a list of recession signals that are flashing red Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-02  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, growth, signals, heres, red, according, war, flashing, list, trade, yield, recession, index, economy, bonds, economic


Here's a list of recession signals that are flashing red

Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images

Whether or not the U.S. is going into a recession is on the minds of Americans everywhere. Google searches show recession fears have spiked exponentially since the end of July, when the Federal Reserve cut interest rates for the first time since the financial crisis. Data is coming at investors from every angle with so-called recession indicators flashing signs of an economic slowdown brought on by slower growth abroad and the U.S.-China trade war. A slowing global economy is pressuring central banks abroad to lower borrowing rates at unprecedented levels and a tit-for-tat tariff war between Washington and Beijing is weighing on business sentiment. Assessing these indicators is not easy, and many economists, money managers and analysts disagree about how healthy or unhealthy the U.S. economy really is and whether its long expansion can continue. Here are some major recession indicators that are flashing red.

Bond market

Perhaps the most talked about recession indicator is the inverted yield curve. Amid falling interest rates in the broader U.S. bond market, the yield on the benchmark 10-year Treasury note has fallen below the 2-year yield several times since Aug. 14. In a healthy market, long-term bonds carry a higher interest rate than short-term bonds. When short-term bonds deliver a higher yield, it’s a called an inversion of the yield curve. The bond market phenomenon is historically a trusty signal of an eventual recession: It has preceded the seven last recessions. A recession occurs about 22 months after an inversion on average, according to Credit Suisse.

GDP

Gross domestic product in the U.S. is slowing. The economy expanded by 2% in the second quarter, the Commerce Department said in its second reading of GDP on Thursday. Two percent is the lowest growth rate since the fourth quarter of 2018 and down from 3% growth in the first three months of this year.

Corporate profits

Earnings growth estimates have come down drastically this year. Last December, analysts estimated S&P 500 earnings growth for the year would be around 7.6%, according to FactSet. That number is now around 2.3%. Goldman Sachs and Citigroup strategists last month reduced 2019 and 2020 earnings estimates for the S&P 500, citing a sluggish economy, trade war threats and potential currency devaluations.

Manufacturing contraction

U.S. manufacturer growth slowed to the lowest level in almost 10 years in August. The U.S. manufacturing PMI (purchasing managers’ index) was 49.9 in August, down from 50.4 in July. The reading is below the neutral 50.0 threshold for the first time since September 2009, according to IHS Markit. Any reading below 50 signals a contraction. In July, Federal Reserve members expressed concerns about weak sectors of the economy like manufacturing. They said the U.S.-China trade war, coinciding with global growth worries, continues “to weigh on business confidence and firms’ capital expenditure plans,” according to minutes from the Fed’s July meeting.

The Cass Freight Index

The economic outlook from Freight’s perspective is looking grim. The Cass Shipments Index fell 5.9% in July, following a 5.3% decline in June and a 6% drop in May. “We repeat our message from last two months: the shipments index has gone from ‘warning of a potential slowdown’ to ‘signaling an economic contraction,'” the July report said. “Although the initial Q2 ’19 GDP was positive, it was not as positive upon dissection, and we see a growing risk that GDP will go negative by year’s end.”

Copper

Copper, informally known as Dr. Copper for its Ph.D. in economics, is known as a barometer of economic health because of its use in homebuilding and commercial construction. The commodity is down over 13% in the last half year. The breakdown in copper in August was “by far the most important development” and “markets were clearly too optimistic given the multiple risks in the macro backdrop,” said the Seven Report’s Tom Essaye.

Gold

Gold prices have soared more than 20% since May when the U.S. and China escalated their tariff fight. Similar to government bonds, gold is known as a safe haven trade in times of economic uncertainty.

Global Economic Policy Uncertainty Index

The Economic Policy Uncertainty Index, an index designed to measure policy-related worries around the world, hit its all-time highest level, 342, in June. The EPU Index tracks the amount of times newspaper articles use buzzwords related to economic and political uncertainty. Additionally, it measures the number of tax laws set to expire and the spectrum of disagreement among economists: The more dissent, the higher the index goes. The index simmered in July to a level of 280 on hopes the a trade deal between the U.S. and China will be resolved.

Business spending


Company: cnbc, Activity: cnbc, Date: 2019-09-02  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, growth, signals, heres, red, according, war, flashing, list, trade, yield, recession, index, economy, bonds, economic


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Here’s a list of American products targeted by China’s new tariffs

Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth, and hurt demand for commodities like oil. (Photo by Mark RALSTON / AFP) (Photo credit should read MARK RALSTON/AFP/Getty Images)MARK RALSTON | AFP | Getty Images


Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth, and hurt demand for commodities like oil. (Photo by Mark RALSTON / AFP) (Photo credit should read MARK RALSTON/AFP/Getty Images)MARK RALSTON | AFP | Getty Images
Here’s a list of American products targeted by China’s new tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, warn, chinas, american, ralston, afp, tariffs, mark, list, targeted, war, products, unloaded, trade, stored, heres, superpowers, global


Here's a list of American products targeted by China's new tariffs

Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth, and hurt demand for commodities like oil. (Photo by Mark RALSTON / AFP) (Photo credit should read MARK RALSTON/AFP/Getty Images)

MARK RALSTON | AFP | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, warn, chinas, american, ralston, afp, tariffs, mark, list, targeted, war, products, unloaded, trade, stored, heres, superpowers, global


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