Roger Stone apologizes for Instagram post showing crosshairs near judge

Roger Stone, a longtime confidant and friend of President Donald Trump, apologized Monday for an Instagram post showing crosshairs near the federal judge presiding over the criminal case against him. The Republican operative’s Instagram account quickly posted and deleted the photo of District Judge Amy Berman Jackson on Monday. In an accompanying caption, Stone claimed he would only get a “show trial” from Jackson, according to photos of the post captured before its deletion. He called the her “


Roger Stone, a longtime confidant and friend of President Donald Trump, apologized Monday for an Instagram post showing crosshairs near the federal judge presiding over the criminal case against him. The Republican operative’s Instagram account quickly posted and deleted the photo of District Judge Amy Berman Jackson on Monday. In an accompanying caption, Stone claimed he would only get a “show trial” from Jackson, according to photos of the post captured before its deletion. He called the her “
Roger Stone apologizes for Instagram post showing crosshairs near judge Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: jacob pramuk, leah millis
Keywords: news, cnbc, companies, roger, judge, near, case, posted, charges, apologizes, post, instagram, showing, crosshairs, jackson, court, trump, stone


Roger Stone apologizes for Instagram post showing crosshairs near judge

Roger Stone, a longtime confidant and friend of President Donald Trump, apologized Monday for an Instagram post showing crosshairs near the federal judge presiding over the criminal case against him.

The Republican operative’s Instagram account quickly posted and deleted the photo of District Judge Amy Berman Jackson on Monday. In an accompanying caption, Stone claimed he would only get a “show trial” from Jackson, according to photos of the post captured before its deletion. He called the her “an Obama appointed Judge who dismissed the Benghazi charges again (sic) Hillary Clinton.”

In a court filing Monday night, Stone — who has pleaded not guilty to charges of witness tampering, obstruction of justice and making false statements to Congress — apologized.

“Please inform the Court that the photograph and comment today was improper and should not have been posted,” a statement signed by Stone read. “I had no intention of disrespecting the court and humbly apologize to the court for this transgression.”

Last week, Jackson placed a partial gag order on Stone, preventing him from commenting to the media or in public so as not to risk prejudicing his case. Special counsel Robert Mueller, who is investigating Russian efforts to interfere in the 2016 election and whether the Trump campaign colluded with the Kremlin, brought the case against Stone in January.

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Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: jacob pramuk, leah millis
Keywords: news, cnbc, companies, roger, judge, near, case, posted, charges, apologizes, post, instagram, showing, crosshairs, jackson, court, trump, stone


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It’s looking like a US-China trade deal is near — and Beijing will get everything it wanted

What are those enforceable structural reforms the U.S. wants China to implement? One of the news leaks from last week’s trade negotiations in Beijing is an example of the key blockages. China wants to work with the WTO to align its policies with existing trade rules and arbitration procedures. That is, in a nutshell, the entire U.S.-China trade problem: Beijing rejects the coercion of an American trade “enforcement mechanism” and wants to operate in the multilateral framework of WTO rules. Beiji


What are those enforceable structural reforms the U.S. wants China to implement? One of the news leaks from last week’s trade negotiations in Beijing is an example of the key blockages. China wants to work with the WTO to align its policies with existing trade rules and arbitration procedures. That is, in a nutshell, the entire U.S.-China trade problem: Beijing rejects the coercion of an American trade “enforcement mechanism” and wants to operate in the multilateral framework of WTO rules. Beiji
It’s looking like a US-China trade deal is near — and Beijing will get everything it wanted Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-18  Authors: dr michael ivanovitch, thomas peter, pool, getty images
Keywords: news, cnbc, companies, industry, uschina, wanted, wants, wto, chinas, near, trade, deal, looking, beijing, washington, china, transfers, apparently


It's looking like a US-China trade deal is near — and Beijing will get everything it wanted

How? Trump was apparently (ill) advised that China’s readiness to reduce the bilateral trade imbalance won’t be enough. No, Washington needed to impose on China enforceable structural reforms. Without that, as has been frequently repeated by U.S. Commerce Secretary Wilbur Ross, China’s destabilizing trade surpluses would be back in no time.

What are those enforceable structural reforms the U.S. wants China to implement?

Essentially, there are three: the protection of intellectual property, the outlawing of forced technology transfers and the cessation of illegal, market-distorting industry subsidies.

China denies any of those violations, leading to an apparently insurmountable stalemate.

It was obvious that China would not accept the claim that its economic and industrial revival was based on decades of intellectual property theft and coerced technology transfers. Beijing says that’s slander and part of Washington’s attempts to smear and contain China.

One of the news leaks from last week’s trade negotiations in Beijing is an example of the key blockages. Reportedly, China would make its industry subsidies compliant with the relevant rules of the World Trade Organization, but it is not willing to discuss that with Washington. China wants to work with the WTO to align its policies with existing trade rules and arbitration procedures. The U.S. can participate in those deliberations as any other WTO member.

Washington finds that unacceptable because it wants to keep the “enforcement control” as a trigger for trade tariffs in case it determines that China violated agreed-upon industry subsidy rules.

That is, in a nutshell, the entire U.S.-China trade problem: Beijing rejects the coercion of an American trade “enforcement mechanism” and wants to operate in the multilateral framework of WTO rules.

Those breakdown lines in a months-long technical dialogue are clear and simple. They leave nothing for the American and Chinese heads of state and government to talk about. Beijing seems to understand that, but Washington apparently believes it can still bring China into its own world.

That is an appalling ignorance of China’s statecraft.


Company: cnbc, Activity: cnbc, Date: 2019-02-18  Authors: dr michael ivanovitch, thomas peter, pool, getty images
Keywords: news, cnbc, companies, industry, uschina, wanted, wants, wto, chinas, near, trade, deal, looking, beijing, washington, china, transfers, apparently


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It’s looking like a US-China trade deal is near — and Beijing will get everything it wanted

What are those enforceable structural reforms the U.S. wants China to implement? One of the news leaks from last week’s trade negotiations in Beijing is an example of the key blockages. China wants to work with the WTO to align its policies with existing trade rules and arbitration procedures. That is, in a nutshell, the entire U.S.-China trade problem: Beijing rejects the coercion of an American trade “enforcement mechanism” and wants to operate in the multilateral framework of WTO rules. Beiji


What are those enforceable structural reforms the U.S. wants China to implement? One of the news leaks from last week’s trade negotiations in Beijing is an example of the key blockages. China wants to work with the WTO to align its policies with existing trade rules and arbitration procedures. That is, in a nutshell, the entire U.S.-China trade problem: Beijing rejects the coercion of an American trade “enforcement mechanism” and wants to operate in the multilateral framework of WTO rules. Beiji
It’s looking like a US-China trade deal is near — and Beijing will get everything it wanted Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-18  Authors: dr michael ivanovitch, thomas peter, pool, getty images
Keywords: news, cnbc, companies, industry, uschina, wanted, wants, wto, chinas, near, trade, deal, looking, beijing, washington, china, transfers, apparently


It's looking like a US-China trade deal is near — and Beijing will get everything it wanted

How? Trump was apparently (ill) advised that China’s readiness to reduce the bilateral trade imbalance won’t be enough. No, Washington needed to impose on China enforceable structural reforms. Without that, as has been frequently repeated by U.S. Commerce Secretary Wilbur Ross, China’s destabilizing trade surpluses would be back in no time.

What are those enforceable structural reforms the U.S. wants China to implement?

Essentially, there are three: the protection of intellectual property, the outlawing of forced technology transfers and the cessation of illegal, market-distorting industry subsidies.

China denies any of those violations, leading to an apparently insurmountable stalemate.

It was obvious that China would not accept the claim that its economic and industrial revival was based on decades of intellectual property theft and coerced technology transfers. Beijing says that’s slander and part of Washington’s attempts to smear and contain China.

One of the news leaks from last week’s trade negotiations in Beijing is an example of the key blockages. Reportedly, China would make its industry subsidies compliant with the relevant rules of the World Trade Organization, but it is not willing to discuss that with Washington. China wants to work with the WTO to align its policies with existing trade rules and arbitration procedures. The U.S. can participate in those deliberations as any other WTO member.

Washington finds that unacceptable because it wants to keep the “enforcement control” as a trigger for trade tariffs in case it determines that China violated agreed-upon industry subsidy rules.

That is, in a nutshell, the entire U.S.-China trade problem: Beijing rejects the coercion of an American trade “enforcement mechanism” and wants to operate in the multilateral framework of WTO rules.

Those breakdown lines in a months-long technical dialogue are clear and simple. They leave nothing for the American and Chinese heads of state and government to talk about. Beijing seems to understand that, but Washington apparently believes it can still bring China into its own world.

That is an appalling ignorance of China’s statecraft.


Company: cnbc, Activity: cnbc, Date: 2019-02-18  Authors: dr michael ivanovitch, thomas peter, pool, getty images
Keywords: news, cnbc, companies, industry, uschina, wanted, wants, wto, chinas, near, trade, deal, looking, beijing, washington, china, transfers, apparently


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BP’s vision of the near future sees renewable power and natural gas dominating energy

In a not-too-distant future, renewable energy becomes the world’s biggest source of power generation. That is the vision laid out by British oil and gas giant BP on Thursday in its latest Annual Energy Outlook. The closely followed report lays out a vision through 2040 for Earth’s energy future, provided government policy, technology and consumer preferences evolve in line with recent trends. BP forecasts that the world’s energy demand will grow by a third through 2040, driven by rising consumpt


In a not-too-distant future, renewable energy becomes the world’s biggest source of power generation. That is the vision laid out by British oil and gas giant BP on Thursday in its latest Annual Energy Outlook. The closely followed report lays out a vision through 2040 for Earth’s energy future, provided government policy, technology and consumer preferences evolve in line with recent trends. BP forecasts that the world’s energy demand will grow by a third through 2040, driven by rising consumpt
BP’s vision of the near future sees renewable power and natural gas dominating energy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: tom dichristopher, connie j spinardi, getty images
Keywords: news, cnbc, companies, demand, natural, dominating, power, increase, gas, renewable, future, worlds, oil, need, near, sees, energy, grow, vision


BP's vision of the near future sees renewable power and natural gas dominating energy

In a not-too-distant future, renewable energy becomes the world’s biggest source of power generation. A quarter of the distances that humans travel by vehicle will be in electric cars. U.S. dominance in the oil market begins to wane, and OPEC’s influence is resurgent, as crude demand finally peaks.

That is the vision laid out by British oil and gas giant BP on Thursday in its latest Annual Energy Outlook. The closely followed report lays out a vision through 2040 for Earth’s energy future, provided government policy, technology and consumer preferences evolve in line with recent trends.

BP forecasts that the world’s energy demand will grow by a third through 2040, driven by rising consumption in China, India and other parts of Asia. About 75 percent of that increase will come from the need to power industry and buildings. At the same time, energy demand will continue to grow in the transportation sector, but that growth will slow sharply as vehicles become more efficient and more consumers opt for electric cars.

But despite the increase in supply, BP thinks two-thirds of the world’s population will still live in places with relatively low energy consumption per head. The takeaway: The world will need to generate more energy.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: tom dichristopher, connie j spinardi, getty images
Keywords: news, cnbc, companies, demand, natural, dominating, power, increase, gas, renewable, future, worlds, oil, need, near, sees, energy, grow, vision


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Trade friction, growth worries keep dollar near 2019 highs

The dollar held steady versus its peers on Tuesday, hovering close to its 2019 high as U.S.-Sino trade tensions and global growth worries underpinned the greenback’s safe-haven appeal. “The dollar is benefiting from the investor nervousness around the trade talks,” said Sim Moh Siong, currency strategist at Bank of Singapore. The dollar index was steady at 97.04, after advancing 0.45 percent in the previous session, its largest percentage gain since Jan. 24. The single currency was relatively un


The dollar held steady versus its peers on Tuesday, hovering close to its 2019 high as U.S.-Sino trade tensions and global growth worries underpinned the greenback’s safe-haven appeal. “The dollar is benefiting from the investor nervousness around the trade talks,” said Sim Moh Siong, currency strategist at Bank of Singapore. The dollar index was steady at 97.04, after advancing 0.45 percent in the previous session, its largest percentage gain since Jan. 24. The single currency was relatively un
Trade friction, growth worries keep dollar near 2019 highs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: matt cardy, getty images
Keywords: news, cnbc, companies, highs, worries, central, friction, steady, euro, growth, talks, global, currency, near, week, trade, bank, dollar, 2019


Trade friction, growth worries keep dollar near 2019 highs

The dollar held steady versus its peers on Tuesday, hovering close to its 2019 high as U.S.-Sino trade tensions and global growth worries underpinned the greenback’s safe-haven appeal.

Investors are focusing on high level trade talks in China this week where Washington is expected to keep pressing Beijing on long-standing demands that it make sweeping structural reforms to protect American companies’ intellectual property, to end policies aimed at forcing the transfer of technology to Chinese companies, and curb industrial subsidies.

“The dollar is benefiting from the investor nervousness around the trade talks,” said Sim Moh Siong, currency strategist at Bank of Singapore.

“Beyond its safe haven appeal, the dollar is still the highest-yielding currency in the developed world and with all major central banks turning dovish, the greenback seems relatively attractive.”

This week’s talks come as the world’s two largest economies try to hammer out a deal before a March 1 deadline, after which U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

Financial markets have been roiled by the trade tensions over the past year, with business sentiment taking a hit around the world as the fallout of the .S.-China dispute disrupted factory activity and hurt global growth.

The greenback rose 0.1 percent against the yen to 110.47 and was a touch higher versus the Swiss franc at 1.0040.

The dollar index was steady at 97.04, after advancing 0.45 percent in the previous session, its largest percentage gain since Jan. 24. The index has risen for eight straight sessions, mainly thanks to a tumbling euro, which has the largest weighting in the index.

The single currency was relatively unchanged at $1.1278 in Asian trade, having lost nearly half a percent on Monday. The euro has weakened for six consecutive sessions, and traders expect further losses now that the crucial psychological support of $1.13 has been broken.

“The next level of support for EUR/USD is the November low of 1.1215 which should be tested quickly,” said Kathy Lien, managing director of currency strategy at BK Asset Management.

The European Central Bank is expected to maintain a highly accommodative monetary policy this year as growth slows in the euro zone and inflation stays low. Last week, the European Commission sharply cut its forecasts for euro zone growth for this year and next.

Investors are expecting stimulus from the ECB in the form of a cheap loan scheme for banks in the coming months.

Elsewhere, sterling was 0.15 percent firmer at $1.2869, after tumbling 0.75 percent in the previous session. Analysts expect the British pound to remain volatile due to the uncertainty surrounding Brexit.

The British parliament is set to hold a debate on Brexit on Feb. 14 where Prime Minister Theresa May is seeking changes to her deal with Brussels after it was rejected by a record majority in parliament last month.

The Australian dollar, often considered a gauge of global risk appetite, gained around 0.3 percent to $0.7083 as risk sentiment improved on expectations that U.S. lawmakers had reached a tentative deal on border security funding that would avert another partial government shutdown due to start on Saturday.

Traders expect the Aussie to remain under pressure after Reserve Bank of Australia Governor Philip Lowe tempered a long-held tightening bias last week, saying an easing might be just as likely as a hike.

The kiwi dollar was steady at $0.6730. New Zealand’s central bank is expected to leave interest rates unchanged at its policy meeting on Wednesday but may adopt a more dovish tone and cut forecasts, in line with other major central banks as rising global economic risks cloud the outlook.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: matt cardy, getty images
Keywords: news, cnbc, companies, highs, worries, central, friction, steady, euro, growth, talks, global, currency, near, week, trade, bank, dollar, 2019


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Dollar near six-week highs as trade, growth worries ramp up

The dollar rose against most other currencies on Monday, holding near a six-week high as fresh worries about U.S.-Sino trade tensions and global growth drove appetite for safe-haven assets. “The Aussie dollar and the euro are at vulnerable levels right now and further dampening in risk sentiment can lead to further downside in these currencies.” Trade tensions between the world’s two largest economies have been a major driver of global investor sentiment over the past year. The strength in the d


The dollar rose against most other currencies on Monday, holding near a six-week high as fresh worries about U.S.-Sino trade tensions and global growth drove appetite for safe-haven assets. “The Aussie dollar and the euro are at vulnerable levels right now and further dampening in risk sentiment can lead to further downside in these currencies.” Trade tensions between the world’s two largest economies have been a major driver of global investor sentiment over the past year. The strength in the d
Dollar near six-week highs as trade, growth worries ramp up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: dan kitwood, getty images
Keywords: news, cnbc, companies, trade, highs, sentiment, sixweek, near, global, versus, tensions, chinese, ramp, euro, worries, dollar, growth, yields, week


Dollar near six-week highs as trade, growth worries ramp up

The dollar rose against most other currencies on Monday, holding near a six-week high as fresh worries about U.S.-Sino trade tensions and global growth drove appetite for safe-haven assets.

“U.S.-China talks are the big focus for the week and the dollar strength is indicative of the cautious market sentiment right now owing to its safe-haven status,” said Nick Twidale, chief operating officer at Rakuten Securities.

“The Aussie dollar and the euro are at vulnerable levels right now and further dampening in risk sentiment can lead to further downside in these currencies.”

U.S. negotiators will this week press China on longstanding demands that it reform how it treats U.S. companies’ intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports.

The dollar gained 0.1 percent versus the yen to 109.82. However, traders expect moves in dollar/yen to be small on Monday as Japanese markets remain shut for a public holiday.

The dollar index, a gauge of its value versus six major peers, was marginally higher at 96.64, on track for its eighth straight day of gains.

Trade tensions between the world’s two largest economies have been a major driver of global investor sentiment over the past year. Market confidence took a hit last week when U.S. President Donald Trump said he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal.

Trump has vowed to increase U.S. tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent currently if the two sides cannot reach a deal by March 2.

The euro was marginally lower versus the greenback at $1.1322 in early Asian trade while the Aussie was 0.15 percent higher at $0.7099, after a disastrous week in which it lost 2.2 percent.

The strength in the dollar has come despite the Federal Reserve taking a dovish stance at its last policy meeting in January. For now, investors are piling into the safety of the greenback due to fears of a sharp global economic slowdown.

The euro came under pressure as core European government debt yields touched their lowest in over two years. The single currency has lost 2.5 percent so far this month.

Benchmark German yields were just 10 basis points away from zero percent.

The European Commission sharply cut on Thursday its forecasts for euro zone economic growth for this year and next with the bloc’s largest economies expected to be held back by global trade tensions and domestic challenges.

Last month, the International Monetary Fund also downgraded its forecasts for global growth.

Elsewhere, sterling was down 0.1 percent at $1.2935. Traders expect the pound to remain volatile amid heightened political uncertainty over the Brexit process.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: dan kitwood, getty images
Keywords: news, cnbc, companies, trade, highs, sentiment, sixweek, near, global, versus, tensions, chinese, ramp, euro, worries, dollar, growth, yields, week


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Gold prices near one-week lows as investors turn to riskier assets

Gold prices on Tuesday held near one-week lows touched in the previous session, pressured by a firmer dollar and as investor appetite for riskier assets improved in the wake of strong U.S. economic data. Spot gold was steady at $1,313.95 per ounce at 0349 GMT. “There is strong technical support and the Fed is mostly dovish, which should see gold supported around the $1,300-area. Meanwhile, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, dropped 0.50 percent to


Gold prices on Tuesday held near one-week lows touched in the previous session, pressured by a firmer dollar and as investor appetite for riskier assets improved in the wake of strong U.S. economic data. Spot gold was steady at $1,313.95 per ounce at 0349 GMT. “There is strong technical support and the Fed is mostly dovish, which should see gold supported around the $1,300-area. Meanwhile, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, dropped 0.50 percent to
Gold prices near one-week lows as investors turn to riskier assets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: umit bektas
Keywords: news, cnbc, companies, oneweek, supported, turn, strong, dollar, investors, 01, rose, steady, week, riskier, gold, assets, lows, fed, prices, near, session


Gold prices near one-week lows as investors turn to riskier assets

Gold prices on Tuesday held near one-week lows touched in the previous session, pressured by a firmer dollar and as investor appetite for riskier assets improved in the wake of strong U.S. economic data.

Spot gold was steady at $1,313.95 per ounce at 0349 GMT. Prices in the last session fell to their lowest since Jan. 29 at $1,308.20.

U.S. gold futures dipped 0.1 percent to $1,318.40 an ounce.

Trading was muted in Asia with many markets closed for much of the week for Lunar New Year holidays.

“Gold fell overnight as bond yields ticked up and the dollar was also strong due to a risk-on environment,” said Jeffrey Halley, senior market analyst, OANDA.

“There is strong technical support and the Fed is mostly dovish, which should see gold supported around the $1,300-area. The focus would be more on the U.S. earnings season due to the absence of China for the whole week.”

The dollar held on to recent gains against its peers on Tuesday, supported by the recovery in investor risk appetite.

Spot gold rose to its highest since late April at $1,326.30, last week, after the U.S. Federal Reserve kept interest rates steady and said it would be patient on further hikes amid a suddenly cloudy outlook for the U.S. economy due to global growth concerns and the U.S.-China trade dispute.

However, solid U.S. jobs data that came out on Friday allayed concerns of an immediate slowdown in the U.S. economy.

The central bank may need to raise interest rates a bit further if the economy does well, Cleveland Fed President Loretta Mester said on Monday.

“It seems to us that investors will need to get more signals before getting more aggressive in (acquiring long positions in gold), which won’t come until $1,360 or so,” analysts at TD Securities said in a research note.

“Despite the fact that the Fed has gone dovish, they could still hike one more time.”

Meanwhile, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, dropped 0.50 percent to 813.29 tonnes on Monday. Holdings have fallen for a second straight session.

Among other precious metals, palladium gained 0.2 percent to $1,367 per ounce.

Silver rose 0.1 percent to $15.88, while platinum dipped 0.1 percent to $817.00.


Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: umit bektas
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Behind the incredible GE surge: Analysts relieved no new nasty surprises in report

Larry Culp needs to give investors some confidence near bottom in electric, says CIO 4 Hours Ago | 04:44General Electric’s year-end earnings report brought reassuring news to investors, largely because it contained no nasty surprises this quarter. Wall Street analysts explained GE’s massive stock rally following its fourth-quarter report. Analysts were largely positive in their feedback but with some notable caveats. Citi Research’s Andrew Kaplowitz said the fourth quarter represents “a step in


Larry Culp needs to give investors some confidence near bottom in electric, says CIO 4 Hours Ago | 04:44General Electric’s year-end earnings report brought reassuring news to investors, largely because it contained no nasty surprises this quarter. Wall Street analysts explained GE’s massive stock rally following its fourth-quarter report. Analysts were largely positive in their feedback but with some notable caveats. Citi Research’s Andrew Kaplowitz said the fourth quarter represents “a step in
Behind the incredible GE surge: Analysts relieved no new nasty surprises in report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: michael sheetz
Keywords: news, cnbc, companies, report, ges, largely, surprises, quarter, shares, nasty, surge, relieved, incredible, near, significant, ge, larry, analysts


Behind the incredible GE surge: Analysts relieved no new nasty surprises in report

Larry Culp needs to give investors some confidence near bottom in electric, says CIO 4 Hours Ago | 04:44

General Electric’s year-end earnings report brought reassuring news to investors, largely because it contained no nasty surprises this quarter.

And it showed enough cash flow to keep meeting obligations, easing credit concerns.

Wall Street analysts explained GE’s massive stock rally following its fourth-quarter report. Analysts were largely positive in their feedback but with some notable caveats. Credit Suisse’s John Walsh said CEO Larry Culp has chopped “lots of wood” to try to turn around GE but warned there is “still more to chop” before the company’s rebound begins in earnest.

“There should be a relief that the earnings and cash flow cadence this quarter were reasonably close to expectations and certainly did not present any new surprises,” RBC Capitals analyst Deane Dray said in a note.

Citi Research’s Andrew Kaplowitz said the fourth quarter represents “a step in the right direction toward recognizing the significant value we still see in GE shares.” Kaplowitz added that there remain “significant unanswered questions with regards to GE’s near- and longer-term potential.”

GE shares were up more than 18 percent at one point and are currently on pace for their biggest one-day move in nine years, up 13 percent midday Wednesday.

Here’s what major analysts had to say about GE’s results:


Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: michael sheetz
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US weekly jobless claims jump to a near one-and-a-half year high

The number of Americans filing applications for unemployment benefits surged to near a 1-1/2-year high last week, which could raise concerns that the labor market is slowing. Claims dropped to 200,000 in the prior week, which was the lowest level since October 1969. While claims tend to be volatile around holidays, last week’s big jump could be flagging a moderation in job growth. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out w


The number of Americans filing applications for unemployment benefits surged to near a 1-1/2-year high last week, which could raise concerns that the labor market is slowing. Claims dropped to 200,000 in the prior week, which was the lowest level since October 1969. While claims tend to be volatile around holidays, last week’s big jump could be flagging a moderation in job growth. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out w
US weekly jobless claims jump to a near one-and-a-half year high Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: mike kane, bloomberg, getty images
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US weekly jobless claims jump to a near one-and-a-half year high

The number of Americans filing applications for unemployment benefits surged to near a 1-1/2-year high last week, which could raise concerns that the labor market is slowing.

Initial claims for state unemployment benefits jumped 53,000 to a seasonally adjusted 253,000 for the week ended Jan. 26, the highest level since September 2017, the Labor Department said on Thursday. The rise was also the largest since September 2017.

Claims dropped to 200,000 in the prior week, which was the lowest level since October 1969. Economists polled by Reuters had forecast claims rising to only 215,000 in the latest week.

The claims data covered the Martin Luther King holiday. While claims tend to be volatile around holidays, last week’s big jump could be flagging a moderation in job growth.

The surge could also reflect filings by non-federal government workers who were temporarily unemployed during the partial government shutdown that recently ended. The Labor Department said no states were estimated last week.

The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose 5,000 to 220,250 last week.

The claims data has no bearing on January’s employment report, which is scheduled for release on Friday, as it falls outside the survey period. According to a Reuters survey of economists, nonfarm payrolls likely increased by 165,000 jobs in January after jumping by 312,000 in December.


Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: mike kane, bloomberg, getty images
Keywords: news, cnbc, companies, labor, jump, jobless, weekthe, claims, oneandahalf, week, market, level, ended, economists, near, weekly, unemployment, high, survey


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Dollar trapped in ranges on trade war concerns, Fed

The dollar held near a two-week low on Tuesday as growing concern over the trade conflict between the United States and China heightened the safe-haven appeal of the Japanese yen and the Swiss franc. The United States on Monday announced criminal charges against China’s Huawei Technologies Co Ltd, escalating a fight with the world’s biggest telecommunications equipment maker, which denies wrongdoing. The announcement came days before trade talks with Beijing later this week. Market participants


The dollar held near a two-week low on Tuesday as growing concern over the trade conflict between the United States and China heightened the safe-haven appeal of the Japanese yen and the Swiss franc. The United States on Monday announced criminal charges against China’s Huawei Technologies Co Ltd, escalating a fight with the world’s biggest telecommunications equipment maker, which denies wrongdoing. The announcement came days before trade talks with Beijing later this week. Market participants
Dollar trapped in ranges on trade war concerns, Fed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: mark wilson, getty images
Keywords: news, cnbc, companies, fed, range, trade, ranges, trapped, near, concerns, dollar, lower, war, united, talks, states, yen, policy, meeting


Dollar trapped in ranges on trade war concerns, Fed

The dollar held near a two-week low on Tuesday as growing concern over the trade conflict between the United States and China heightened the safe-haven appeal of the Japanese yen and the Swiss franc.

The United States on Monday announced criminal charges against China’s Huawei Technologies Co Ltd, escalating a fight with the world’s biggest telecommunications equipment maker, which denies wrongdoing. The announcement came days before trade talks with Beijing later this week.

The latest news sapped appetite for risk and ended a rally in Chinese stocks this month. The yen and the franc gained against the dollar.

Market participants are also focused on the Federal Reserve’s policy meeting on Jan. 29-30, where Chairman Jerome Powell is expected to acknowledge growing risks to the U.S. economy as global momentum weakens.

Investors expect the Fed to adopt a more cautious stance on policy than it did in 2018, pressured by signs of a peak in U.S. corporate earnings and the threat of a slowdown both at home and globally.

“Euro/dollar should be in a range for now given the trade talks and the Fed meeting this week,” said Kenneth Broux, a currency strategist at Societe Generale in London.

Also keeping the euro in a tight range are option expiries worth $6 billion between $1.14-1.15. Traders say any breach of those ranges would fuel volatility in the markets.

Sterling edged lower before crucial votes later in the day in the British parliament that are aimed at breaking the Brexit deadlock.

he British currency has rallied 6 percent from Jan. 4 lows, but further gains may be limited unless lawmakers emerge with a big majority on the votes.

In early London trading on Tuesday, sterling edged 0.1 percent lower to $1.3142 but remained near a 2 1/2-month high of $1.3218.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: mark wilson, getty images
Keywords: news, cnbc, companies, fed, range, trade, ranges, trapped, near, concerns, dollar, lower, war, united, talks, states, yen, policy, meeting


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