Qantas CEO says Asia Pacific is a ‘huge growth opportunity’ for the airline

The Asia Pacific region is a key growth driver for Australia’s largest airline Qantas, its CEO said on Monday. Qantas has increased its capacity in the region partly because more tourists from Asia are heading to Australia, Alan Joyce told CNBC’s “Squawk Box.” “Ten years ago, when I took over as CEO, we had one-third of a capacity to Europe, one-third to Asia, one-third to the Americas. “We see the Asia Pacific market as the huge growth opportunity for us.” When an airline raises its capacity, i


The Asia Pacific region is a key growth driver for Australia’s largest airline Qantas, its CEO said on Monday. Qantas has increased its capacity in the region partly because more tourists from Asia are heading to Australia, Alan Joyce told CNBC’s “Squawk Box.” “Ten years ago, when I took over as CEO, we had one-third of a capacity to Europe, one-third to Asia, one-third to the Americas. “We see the Asia Pacific market as the huge growth opportunity for us.” When an airline raises its capacity, i
Qantas CEO says Asia Pacific is a ‘huge growth opportunity’ for the airline Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: saheli roy choudhury, james d morgan, getty images
Keywords: news, cnbc, companies, huge, ceo, opportunity, total, qantas, passengers, onethird, number, joyce, growth, asia, strong, airline, region, pacific


Qantas CEO says Asia Pacific is a 'huge growth opportunity' for the airline

The Asia Pacific region is a key growth driver for Australia’s largest airline Qantas, its CEO said on Monday.

Qantas has increased its capacity in the region partly because more tourists from Asia are heading to Australia, Alan Joyce told CNBC’s “Squawk Box.”

“Ten years ago, when I took over as CEO, we had one-third of a capacity to Europe, one-third to Asia, one-third to the Americas. Today, it’s 8 percent to Europe, it’s 52 percent in this region, and I think it will grow a lot further into the future,” he said. “We see the Asia Pacific market as the huge growth opportunity for us.”

When an airline raises its capacity, it usually refers to an increase in the total number of seats made available to passengers, either by adding more flights or using bigger planes.

Joyce pointed to a recent prediction from the International Air Transport Association (IATA) in October that said current trends in air travel suggest that the total number of passengers travelling by air could double to about 8.2 billion by 2037.

IATA said the “Asia-Pacific region will drive the biggest growth with more than half the total number of new passengers over the next 20 years” coming from the region due to a combination of factors such as strong economic growth, increased household incomes and favorable population and demographic profiles.

“This region is going to grow by an average of 4.8 percent. We think Qantas is well-positioned to take advantage of that,” Joyce said.

When asked if he had seen any dent in travel sentiment due to an ongoing trade fight between the United States and China, which experts warncould affect economic outlook for much of the region, Joyce said the outlook for Qantas remained positive.

“Our forward bookings are up 8 percent in value, we’re seeing real strong growth across the Australian economy … and then the inbound tourism and the outbound tourism are still extremely strong,” he said, adding that the airline’s forward bookings would likely help manage higher fuel costs in the next fiscal year.


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: saheli roy choudhury, james d morgan, getty images
Keywords: news, cnbc, companies, huge, ceo, opportunity, total, qantas, passengers, onethird, number, joyce, growth, asia, strong, airline, region, pacific


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A US pivot to Europe would boost the economy and national security

Simply because the Pacific Rim economies are growing at a rate of 5 percent — with China marking a 6.7 percent growth in the first three quarters of this year — while Europe is barely eking out 2 percent GDP growth. In spite of that, the U.S. is doing much better in the slow-growing European markets than in the strongly expanding markets routinely called by raving observers as the “future of the world economy.” The U.S. is selling more to the lackluster European economies than to the Pacific Rim


Simply because the Pacific Rim economies are growing at a rate of 5 percent — with China marking a 6.7 percent growth in the first three quarters of this year — while Europe is barely eking out 2 percent GDP growth. In spite of that, the U.S. is doing much better in the slow-growing European markets than in the strongly expanding markets routinely called by raving observers as the “future of the world economy.” The U.S. is selling more to the lackluster European economies than to the Pacific Rim
A US pivot to Europe would boost the economy and national security Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: dr michael ivanovitch, julien mattia, nurphoto, getty images
Keywords: news, cnbc, companies, boost, free, economy, washington, national, pacific, european, security, europe, trade, entirely, pivot, rim, trump, markets, economies


A US pivot to Europe would boost the economy and national security

Those numbers may surprise some as an entirely counter-intuitive outcome because one would normally expect the U.S. exports to China, and the rest of the Pacific Rim, to grow much faster than American sales to Europe.

Why? Simply because the Pacific Rim economies are growing at a rate of 5 percent — with China marking a 6.7 percent growth in the first three quarters of this year — while Europe is barely eking out 2 percent GDP growth.

In spite of that, the U.S. is doing much better in the slow-growing European markets than in the strongly expanding markets routinely called by raving observers as the “future of the world economy.”

What’s the problem? Why is the U.S. taking a beating in markets where it should be making a mint?

Here is a thought: Isn’t that part of what U.S. President Donald Trump never tires of calling a “rip-off” of the U.S. economy? A decades-old outrage neglected and tolerated by Washington?

And does that strike you like something Trump is trying to stop and reverse with his “free, fair and reciprocal trade” amid a chorus of catcalls — led by official international organizations richly funded by Washington — that he is killing the so-called “free and multilateral” trading system?

The answer seems clear. The U.S. is selling more to the lackluster European economies than to the Pacific Rim — those “dynamic” Asian economies — because the European markets are much more open and accessible to American companies.

So, the trade policy conclusion for Washington should be a proverbial “no brainer.” Just tweak a few things with Europeans to even out the playing field. The Pacific Rim, however, is an entirely different story.

That’s where the U.S. needs a root and branch review of tariff and non-tariff trade barriers, trade practices, comity and basic rules of reciprocity.


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: dr michael ivanovitch, julien mattia, nurphoto, getty images
Keywords: news, cnbc, companies, boost, free, economy, washington, national, pacific, european, security, europe, trade, entirely, pivot, rim, trump, markets, economies


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To counter China, Australia plans $1.5 billion Pacific infrastructure fund

Australia will create a A$2 billion ($1.46 billion) fund to provide loans to Pacific nations to build infrastructure, Prime Minister Scott Morrison is expected to announce on Thursday, as Canberra seeks to counter China’s influence in the region. Australia and China have been vying for influence in sparsely populated Pacific island countries that control vast swathes of resource-rich oceans. To counter, Morrison plans to announce that Australia will renew its focus on the Pacific, primarily thro


Australia will create a A$2 billion ($1.46 billion) fund to provide loans to Pacific nations to build infrastructure, Prime Minister Scott Morrison is expected to announce on Thursday, as Canberra seeks to counter China’s influence in the region. Australia and China have been vying for influence in sparsely populated Pacific island countries that control vast swathes of resource-rich oceans. To counter, Morrison plans to announce that Australia will renew its focus on the Pacific, primarily thro
To counter China, Australia plans $1.5 billion Pacific infrastructure fund Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: brendon thorne, bloomberg, getty images
Keywords: news, cnbc, companies, 15, morrison, develop, fund, relations, infrastructure, billion, pacific, countries, australia, china, counter, plans


To counter China, Australia plans $1.5 billion Pacific infrastructure fund

Australia will create a A$2 billion ($1.46 billion) fund to provide loans to Pacific nations to build infrastructure, Prime Minister Scott Morrison is expected to announce on Thursday, as Canberra seeks to counter China’s influence in the region.

Australia and China have been vying for influence in sparsely populated Pacific island countries that control vast swathes of resource-rich oceans.

China has spent $1.3 billion on confessional loans and gifts since 2011 to become the Pacific’s second-largest donor after Australia, stoking concern in the West that several tiny nations could end up overburdened and in debt to Beijing.

To counter, Morrison plans to announce that Australia will renew its focus on the Pacific, primarily through a new infrastructure fund.

“This $2 billion infrastructure initiative will significantly boost Australia’s support for infrastructure development in Pacific countries and Timor Leste,” according to a speech Morrison is due to deliver in the state of Queensland and seen by Reuters.

“It will invest in essential infrastructure such as telecommunications, energy, transport, water, and it will stretch our aid dollars further.”

Foreign policy analysts say Australia’s new infrastructure fund will test Australia’s already cool relations with China, its largest trading partner.

“This announcement will be a gauge of whether Australia can improve relations with Beijing while doing things that would have previously annoyed China,” said Nick Bisley, professor of international relations at Melbourne’s La Trobe University.

Ties between the two countries have been strained since Australia accused China of meddling in its domestic affairs late last year.

Australia’s Foreign Minister Marise Payne will on Thursday meet her Chinese counterpart in Beijing, the first visit by a senior Canberra in two years after bilateral relations soured.

Australia has already this year pledged to develop several infrastructure projects in the Pacific but it has been forced to raid its aid budget to fund the projects.

In May, Australia said it would spend about A$200 million to develop an undersea internet cables to Papua New Guinea (PNG) and the Solomon Islands amid national security concerns about China’s Huawei Technologies.

Earlier this month, Australia said it would help PNG develop a naval base, beating out China as a possible partner for the port development.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: brendon thorne, bloomberg, getty images
Keywords: news, cnbc, companies, 15, morrison, develop, fund, relations, infrastructure, billion, pacific, countries, australia, china, counter, plans


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Cramer’s lightning round: Cisco’s stock is a buy ‘right here’

Cisco Systems Inc.: “The CSCO kind should be bought right here. I’m telling club members of ActionAlertsPlus.com, ahead of next week’s big call, [to] buy, buy, buy! You have no idea what’s really in the thing, so therefore I can’t say that 8.96 percent yield is safe. CSX Corp.: “I’ll see your CSX and I’ll raise you with Union Pacific. They’re both great companies, but I am a Union Pacific bull because they’re buying back a ton of stock.”


Cisco Systems Inc.: “The CSCO kind should be bought right here. I’m telling club members of ActionAlertsPlus.com, ahead of next week’s big call, [to] buy, buy, buy! You have no idea what’s really in the thing, so therefore I can’t say that 8.96 percent yield is safe. CSX Corp.: “I’ll see your CSX and I’ll raise you with Union Pacific. They’re both great companies, but I am a Union Pacific bull because they’re buying back a ton of stock.”
Cramer’s lightning round: Cisco’s stock is a buy ‘right here’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, numbers, lightning, corp, round, theyre, think, pacific, stock, ciscos, really, buy, cramers, say, right, union


Cramer's lightning round: Cisco's stock is a buy 'right here'

Cisco Systems Inc.: “The CSCO kind should be bought right here. I’m telling club members of ActionAlertsPlus.com, ahead of next week’s big call, [to] buy, buy, buy! [CEO] Chuck Robbins is good.”

Albemarle Corp.: “It had good numbers. It’s straight up. I still like it here. The numbers were terrific. Some people didn’t like the sales numbers; give me a break.”

Compass Diversified Holdings: “It’s a black box. You have no idea what’s really in the thing, so therefore I can’t say that 8.96 percent yield is safe. I just can’t do it.”

BJ’s Wholesale Club Holdings Inc.: “Here’s the problem: I know it’s good, but Costco’s better, and I am always a best-of-breed guy. Even if Costco’s much bigger and been around longer, I just think you’ve got to go with Costco.”

Docusign Inc.: “We still like the company. I know it’s been part of the crisis of confidence that is this group of tech stocks that I think can come back.”

CSX Corp.: “I’ll see your CSX and I’ll raise you with Union Pacific. They’re both great companies, but I am a Union Pacific bull because they’re buying back a ton of stock.”

Caesars Entertainment Corp.: “Listen, man, the fall of a Caesar’s the balance sheet, not the stars. I say ix-nay on Caesars-nay.”

Store Capital Corp.: “This is a really hard-to-understand real estate investment trust. I’m not going to go there. Some of these REITs are just houses of pain. I am not going to put you in that address. It’s just not right.”


Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, numbers, lightning, corp, round, theyre, think, pacific, stock, ciscos, really, buy, cramers, say, right, union


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Hong Kong privacy watchdog to investigate Cathay Pacific over massive data breach

Hong Kong’s privacy commissioner will launch a compliance investigation into Cathay Pacific Airways over a data breach involving 9.4 million passengers, saying the carrier may have violated privacy rules. It will also cover Cathay’s fully owned subsidiary, Hong Kong Dragon Airlines, or Dragon Air, some of whose passengers were affected by the breach. In addition to 860,000 passport numbers and about 245,000 Hong Kong identity card numbers, the hackers accessed 403 expired credit card numbers and


Hong Kong’s privacy commissioner will launch a compliance investigation into Cathay Pacific Airways over a data breach involving 9.4 million passengers, saying the carrier may have violated privacy rules. It will also cover Cathay’s fully owned subsidiary, Hong Kong Dragon Airlines, or Dragon Air, some of whose passengers were affected by the breach. In addition to 860,000 passport numbers and about 245,000 Hong Kong identity card numbers, the hackers accessed 403 expired credit card numbers and
Hong Kong privacy watchdog to investigate Cathay Pacific over massive data breach Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: christian keenan, getty images
Keywords: news, cnbc, companies, watchdog, card, cathay, kong, massive, investigate, hong, privacy, investigation, breach, data, personal, numbers, pacific


Hong Kong privacy watchdog to investigate Cathay Pacific over massive data breach

Hong Kong’s privacy commissioner will launch a compliance investigation into Cathay Pacific Airways over a data breach involving 9.4 million passengers, saying the carrier may have violated privacy rules.

The airline has faced criticism for the seven-month delay in its October revelation of the breach in the data, which it said had been accessed without authorization, following suspicious activity in its network in March.

“There are reasonable grounds to believe there may be a contravention of a requirement under the law,” Hong Kong’s Privacy Commissioner for Personal Data, Stephen Wong, said in a statement.

“The compliance investigation is going to examine in detail, amongst others, the security measures taken by Cathay Pacific to safeguard its customers’ personal data and the airline’s data retention policy and practice,” he added.

It will also cover Cathay’s fully owned subsidiary, Hong Kong Dragon Airlines, or Dragon Air, some of whose passengers were affected by the breach.

Cathay made no immediate response to Reuters’ email request for comment on the investigation. Telephone calls went unanswered.

The privacy watchdog said it had received 89 complaints related to the cyber leak.

In addition to 860,000 passport numbers and about 245,000 Hong Kong identity card numbers, the hackers accessed 403 expired credit card numbers and 27 credit card numbers with no card verification value (CVV), Cathay said.

It was not immediately clear who was behind the personal data breach or what the information might be used for, but Cathay said there was no evidence so far that any personal information had been misused.

Under Hong Kong law, the privacy commissioner can call witnesses, enter premises and hold public hearings in the investigation, which will check if Cathay violated any requirement of the Personal Data (Privacy) Ordinance.

The controversy has spurred calls from politicians and privacy advocates for Hong Kong to revamp its laws to make the reporting of such potential data breaches mandatory.

Cathay’s share price initially plunged to its lowest since June 2009 after the scandal but has rebounded and recovered all its losses. The stocks were up 1.7 percent on Tuesday afternoon.

The data breach comes amid an airline turnaround to cut costs and boost revenue, after back-to-back years of losses, so as to better compete with rivals from the Middle East, mainland China and budget airlines.

In August, Cathay Pacific posted a narrower half-year loss on a strong rise in airfares and cargo rates and flagged expectations for a better second half, despite economic headwinds from mounting U.S.-China trade tension.


Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: christian keenan, getty images
Keywords: news, cnbc, companies, watchdog, card, cathay, kong, massive, investigate, hong, privacy, investigation, breach, data, personal, numbers, pacific


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French President Macron says New Caledonians have voted to remain French

The South Pacific archipelago of New Caledonia voted against independence from France on Sunday in a long-awaited referendum that capped a 30-year long decolonization process. “The New Caledonians have chosen to remain French…It is a vote of confidence in the French republic, its future and its values,” President Emmanuel Macron said in a speech on French television. The referendum was the first auto-determination vote to be held in a French territory since Djibouti in the Horn of Africa voted


The South Pacific archipelago of New Caledonia voted against independence from France on Sunday in a long-awaited referendum that capped a 30-year long decolonization process. “The New Caledonians have chosen to remain French…It is a vote of confidence in the French republic, its future and its values,” President Emmanuel Macron said in a speech on French television. The referendum was the first auto-determination vote to be held in a French territory since Djibouti in the Horn of Africa voted
French President Macron says New Caledonians have voted to remain French Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-04  Authors: theo rouby afp getty images
Keywords: news, cnbc, companies, vote, territory, macron, remain, paris, pacific, french, independence, president, referendum, voted, caledonians


French President Macron says New Caledonians have voted to remain French

The South Pacific archipelago of New Caledonia voted against independence from France on Sunday in a long-awaited referendum that capped a 30-year long decolonization process.

A “yes” vote would have deprived Paris of a foothold in the Indo-Pacific region where China is expanding its presence, and dented the pride of a former colonial power whose reach once spanned the Caribbean, sub-Saharan Africa and the Pacific Ocean.

Based on provisional results and with a participation rate of nearly 80 percent, the “No” vote stood at 56.9 percent around 1300 GMT, local TV station NC La 1ere reported on its website.

“The New Caledonians have chosen to remain French…It is a vote of confidence in the French republic, its future and its values,” President Emmanuel Macron said in a speech on French television.

The referendum was the first auto-determination vote to be held in a French territory since Djibouti in the Horn of Africa voted for independence in 1977.

Voters in the largely self-governing territory had been asked the question, “Do you want New Caledonia to gain full sovereignty and become independent?”

Macron said he understood the disappointment of those who wanted independence, but added that the French state would ensure liberty, equality and fraternity for everyone.

“The only loser is the temptation of contempt, division, violence and fear; the only winner is the process of peace and the spirit of dialogue,” Macron said.

Tensions have long run deep between pro-independence indigenous Kanaks and descendants of colonial settlers who remain loyal to Paris.


Company: cnbc, Activity: cnbc, Date: 2018-11-04  Authors: theo rouby afp getty images
Keywords: news, cnbc, companies, vote, territory, macron, remain, paris, pacific, french, independence, president, referendum, voted, caledonians


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Hurricane Willa weakens while hurtling inland from Mexico’s Pacific coast

Hurricane Willa’s fierce winds began to ease as the powerful storm barreled inland over Mexico early on Wednesday, leaving power outages and toppled trees on the coast but no deaths, an official said. “Rapid weakening should begin soon,” the National Hurricane Center said late on Tuesday, as the eye of the storm moved toward the capital of Durango state. “It was really strong,” said Cecilia Crespo, a police spokeswoman in Escuinapa, a seaside town near to where the storm plowed inland. Willa had


Hurricane Willa’s fierce winds began to ease as the powerful storm barreled inland over Mexico early on Wednesday, leaving power outages and toppled trees on the coast but no deaths, an official said. “Rapid weakening should begin soon,” the National Hurricane Center said late on Tuesday, as the eye of the storm moved toward the capital of Durango state. “It was really strong,” said Cecilia Crespo, a police spokeswoman in Escuinapa, a seaside town near to where the storm plowed inland. Willa had
Hurricane Willa weakens while hurtling inland from Mexico’s Pacific coast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-24  Authors: source
Keywords: news, cnbc, companies, mph, kph, near, mexico, inland, storm, city, coast, hurricane, mexicos, moved, pacific, winds, trees, hurtling, weakens, willa


Hurricane Willa weakens while hurtling inland from Mexico's Pacific coast

Hurricane Willa’s fierce winds began to ease as the powerful storm barreled inland over Mexico early on Wednesday, leaving power outages and toppled trees on the coast but no deaths, an official said.

Willa, a Category 3 storm on the five-step Saffir-Simpson scale, hit late on Tuesday near the town of Isla del Bosque in the northwestern state of Sinaloa with winds of 120 mph (195 kph), thrashing buildings with rain in the coastal towns and resorts where thousands of people moved to safety.

“The population took cover in time, and this is the result,” said Luis Felipe Puente, head of the country’s Civil Protection agency, adding that roads would be open on Wednesday.

“Rapid weakening should begin soon,” the National Hurricane Center said late on Tuesday, as the eye of the storm moved toward the capital of Durango state.

The storm was one of the most powerful hurricanes to hit Mexico from the Pacific in recent years.

“It was really strong,” said Cecilia Crespo, a police spokeswoman in Escuinapa, a seaside town near to where the storm plowed inland. “It knocked down trees, lamps, poles, walls,” she added by telephone. “There’s no electricity.”

The storm drove into Mexico about 50 miles (80 km) south of Mazatlan, a major city and tourist resort in Sinaloa. Willa had reached rare Category 5 status on Monday with winds near 160 mph (260 kph) before it began to lose power.

Willa weakened as it moved inland but was still blowing winds of 115 mph (185 kph) more than an hour after it struck the coast.

Speaking by telephone, Jose Garcia, another resident of the hardest-hit area, said he had hunkered down with others in an Escuinapa hotel waiting for the storm to pass, listening to it rattle buildings as it drove onwards.

“People were very alarmed,” the 60-year-old said.

The storm did not strike hard in Mazatlan’s historic city center, which was nearly deserted ahead of its arrival.

“My house is made of sheet metal, wood and cardboard, and I’m scared it will fall on top of me,” said Rosa Maria Carrillo, 36, at a city shelter with her five children.


Company: cnbc, Activity: cnbc, Date: 2018-10-24  Authors: source
Keywords: news, cnbc, companies, mph, kph, near, mexico, inland, storm, city, coast, hurricane, mexicos, moved, pacific, winds, trees, hurtling, weakens, willa


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Three S&P 500 stocks (and two Dow names) could be a buy heading into earnings

“Within the industrial sector, the long is Union Pacific, correcting in an uptrend,” Wald said on CNBC’s “Trading Nation” on Monday. It’s “really part of a rails industry that’s best of industrials.” Union Pacific has rallied 7 percent this year, better than the 4 percent drop in the XLI industrial ETF. Wald says he would steer clear of defense company Raytheon, saying its price is breaking down in a broadly weak capital goods industry. Union Pacific and Raytheon report earnings before the bell


“Within the industrial sector, the long is Union Pacific, correcting in an uptrend,” Wald said on CNBC’s “Trading Nation” on Monday. It’s “really part of a rails industry that’s best of industrials.” Union Pacific has rallied 7 percent this year, better than the 4 percent drop in the XLI industrial ETF. Wald says he would steer clear of defense company Raytheon, saying its price is breaking down in a broadly weak capital goods industry. Union Pacific and Raytheon report earnings before the bell
Three S&P 500 stocks (and two Dow names) could be a buy heading into earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-23  Authors: keris lahiff, daniel acker, bloomberg, getty images, drew angerer, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, union, xli, names, stocks, sp, industrial, heading, earnings, thats, pacific, uptrend, buy, trading, dow, wald, raytheon, weak, 500


Three S&P 500 stocks (and two Dow names) could be a buy heading into earnings

“Within the industrial sector, the long is Union Pacific, correcting in an uptrend,” Wald said on CNBC’s “Trading Nation” on Monday. It’s “really part of a rails industry that’s best of industrials.”

Union Pacific has rallied 7 percent this year, better than the 4 percent drop in the XLI industrial ETF.

Wald says he would steer clear of defense company Raytheon, saying its price is breaking down in a broadly weak capital goods industry.

Union Pacific and Raytheon report earnings before the bell on Thursday.


Company: cnbc, Activity: cnbc, Date: 2018-10-23  Authors: keris lahiff, daniel acker, bloomberg, getty images, drew angerer, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, union, xli, names, stocks, sp, industrial, heading, earnings, thats, pacific, uptrend, buy, trading, dow, wald, raytheon, weak, 500


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Hurricane Willa weakens to Category 3, closes in on tourist city of Mazatlan

Thousands of people were evacuated, buildings were boarded up and schools closed on Mexico’s Pacific coast on Tuesday as Hurricane Willa threatened to batter tourist resorts with high winds and heavy rains. Willa, which weakened to a Category 3 on the five-step Saffir-Simpson scale on Tuesday morning, was blowing maximum sustained winds of around 125 miles per hour (201 kph) with higher gusts, the Miami-based National Hurricane Center said. It had been a Category 4 storm earlier on Tuesday and h


Thousands of people were evacuated, buildings were boarded up and schools closed on Mexico’s Pacific coast on Tuesday as Hurricane Willa threatened to batter tourist resorts with high winds and heavy rains. Willa, which weakened to a Category 3 on the five-step Saffir-Simpson scale on Tuesday morning, was blowing maximum sustained winds of around 125 miles per hour (201 kph) with higher gusts, the Miami-based National Hurricane Center said. It had been a Category 4 storm earlier on Tuesday and h
Hurricane Willa weakens to Category 3, closes in on tourist city of Mazatlan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-23  Authors: alfredo estrella, afp, getty images
Keywords: news, cnbc, companies, city, winds, center, storm, category, weakens, tourist, pacific, hurricane, closes, willa, morning, mazatlan, miles


Hurricane Willa weakens to Category 3, closes in on tourist city of Mazatlan

Thousands of people were evacuated, buildings were boarded up and schools closed on Mexico’s Pacific coast on Tuesday as Hurricane Willa threatened to batter tourist resorts with high winds and heavy rains.

Residents had sealed off windows and doors with large wooden planks on hotels facing the historic downtown boardwalk of Mazatlan, a popular coastal city in the northwestern state of Sinaloa.

Willa, which weakened to a Category 3 on the five-step Saffir-Simpson scale on Tuesday morning, was blowing maximum sustained winds of around 125 miles per hour (201 kph) with higher gusts, the Miami-based National Hurricane Center said. It had been a Category 4 storm earlier on Tuesday and had reached rare Category 5 status on Monday with winds near 160 mph (260 kph).

Forecast to be one of the most powerful hurricanes to enter Mexico from the Pacific in recent years, Willa was expected to gradually weaken further before striking a few miles south of Mazatlan as soon as Tuesday afternoon.

On Tuesday morning the storm was about 130 miles (209 km) south-southwest of Mazatlan, the hurricane center said. In Mazatlan, a steady rain fell with a slight breeze, while runners and tourists were out on the boardwalk. Some young men were surfing the higher-than-usual waves.


Company: cnbc, Activity: cnbc, Date: 2018-10-23  Authors: alfredo estrella, afp, getty images
Keywords: news, cnbc, companies, city, winds, center, storm, category, weakens, tourist, pacific, hurricane, closes, willa, morning, mazatlan, miles


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Cramer flags 5 industrial stocks he likes right now, including Union Pacific and Boeing

CNBC’s Jim Cramer has been pinpointing the most investable stocks in sectors from health care to energy, and on Wednesday, he turned to what he called “the most fraught cohort in this entire market”: the industrials. “The Fed thinks the economy got too hot and they want to cool it down,” he continued. “But the industrials do really well in a hot economy; they do much worse in a colder economy.” He noted that some subgroups, like aerospace, are still holding up despite others, like the auto indus


CNBC’s Jim Cramer has been pinpointing the most investable stocks in sectors from health care to energy, and on Wednesday, he turned to what he called “the most fraught cohort in this entire market”: the industrials. “The Fed thinks the economy got too hot and they want to cool it down,” he continued. “But the industrials do really well in a hot economy; they do much worse in a colder economy.” He noted that some subgroups, like aerospace, are still holding up despite others, like the auto indus
Cramer flags 5 industrial stocks he likes right now, including Union Pacific and Boeing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, flags, investable, industrials, industrial, turned, stocks, right, hot, worse, widespread, union, weaknesshere, pacific, including, boeing, cramer, economy, tough, likes


Cramer flags 5 industrial stocks he likes right now, including Union Pacific and Boeing

CNBC’s Jim Cramer has been pinpointing the most investable stocks in sectors from health care to energy, and on Wednesday, he turned to what he called “the most fraught cohort in this entire market”: the industrials.

“If there’s one thing I know from running a hedge fund, it’s that the industrials become very tough to own when interest rates are rising,” the “Mad Money” host said after the Federal Reserve reaffirmed its aggressive rate hike agenda.

“The Fed thinks the economy got too hot and they want to cool it down,” he continued. “But the industrials do really well in a hot economy; they do much worse in a colder economy.”

Cramer didn’t want investors to avoid the group entirely, but asked them to be more selective. He noted that some subgroups, like aerospace, are still holding up despite others, like the auto industry, seeing widespread weakness.

Here are the top five industrial stocks he believes are the most investable right now:


Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, flags, investable, industrials, industrial, turned, stocks, right, hot, worse, widespread, union, weaknesshere, pacific, including, boeing, cramer, economy, tough, likes


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