Dollar hovers recent high, supported by higher US yields

The dollar hovered near a four-week high on Wednesday, supported by higher U.S. yields after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies. But late on Monday, the United States granted Huawei a licence to buy U.S. goods until Aug. 19. Against the yen, the dollar was largely steady at 110.49 yen, having hit a two-week high of 110.675 during the previous session. The greenback has recovered 1.4% from a three-month trough of 109.02 yen


The dollar hovered near a four-week high on Wednesday, supported by higher U.S. yields after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies. But late on Monday, the United States granted Huawei a licence to buy U.S. goods until Aug. 19. Against the yen, the dollar was largely steady at 110.49 yen, having hit a two-week high of 110.675 during the previous session. The greenback has recovered 1.4% from a three-month trough of 109.02 yen
Dollar hovers recent high, supported by higher US yields Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22
Keywords: news, cnbc, companies, yields, dollar, recent, states, united, trade, touched, hovers, high, higher, supported, yen, huawei, overnight


Dollar hovers recent high, supported by higher US yields

The dollar hovered near a four-week high on Wednesday, supported by higher U.S. yields after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies.

The move came as a relief to markets hit by escalating trade tensions between the United States and China, though analysts said sentiment remained fragile with tariff negotiations between the world’s two largest economies yet to produce a durable solution.

“The trade dispute won’t be resolved easily, so the risk-off mood won’t come off all of a sudden. I think market sentiment will rather improve one small step at a time,” said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank.

Against a basket of key rival currencies, the dollar was last a shade lower at 98.014, having brushed a 3-1/2-week high of 98.134 overnight. The index has risen 1.9% so far this year.

The U.S. Commerce Department blocked Huawei Technologies from buying U.S. goods last week, leading several companies to suspend business with the world’s largest telecoms equipment maker.

Chipmakers, many of which sell to Huawei, bore the brunt of the sell-off.

But late on Monday, the United States granted Huawei a licence to buy U.S. goods until Aug. 19.

Against the yen, the dollar was largely steady at 110.49 yen, having hit a two-week high of 110.675 during the previous session. The greenback has recovered 1.4% from a three-month trough of 109.02 yen touched on Monday last week.

Japan’s exports fell 2.4% in April from a year earlier, down for a fifth straight month, in a sign of weakness in external demand, finance ministry data showed, compared with a 1.8% decrease expected by economists in a Reuters poll.

Sumitomo Mitsui’s Sera said the yen’s weakness overnight was thanks to the higher U.S. Treasury yields, which ticked up in response to the recovery in U.S. equities.

“When yields are rising, it’s natural for the dollar to be bought. I think moves in U.S. yields are really important,” she said.

The 10-year U.S. Treasury note yield was last largely unchanged at 2.423% after moving further off a seven-week low of 2.354% brushed on Thursday during the previous session.

The euro was steady at $1.1162.

The single currency, which has given up 0.9% from this month’s high touched on May 1, has been under pressure in recent weeks on dollar strength and due to concerns the upcoming European parliamentary elections may see euroskeptic parties faring well.

The pound was at $1.2713, hovering near a four-month low of $1.2685 touched overnight. It briefly rose overnight after Prime Minister Theresa May set out a “new deal” for Britain’s departure from the EU, offering sweeteners to Parliament including the chance to vote on whether to hold a second referendum to try to break the impasse over Brexit.

Yet traders doubted that a fractious Parliament would have to back any new referendum.


Company: cnbc, Activity: cnbc, Date: 2019-05-22
Keywords: news, cnbc, companies, yields, dollar, recent, states, united, trade, touched, hovers, high, higher, supported, yen, huawei, overnight


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Gold slips to over two-week low as stronger dollar, stocks weigh

Spot gold slipped 0.4% to $1,272.55 per ounce, having touched its lowest since May 3 at $1,268.97 earlier in the session. “One big reason is that the U.S. dollar remains pretty strong. “Also, we have little bit of risk appetite on the stock futures, so less of a reason to go into gold as a hedge,” he added. Gold is usually used as a safe store of value during times of uncertainty, however, investors are preferring the dollar as they did last year during the U.S.-China trade spat. Meanwhile, equi


Spot gold slipped 0.4% to $1,272.55 per ounce, having touched its lowest since May 3 at $1,268.97 earlier in the session. “One big reason is that the U.S. dollar remains pretty strong. “Also, we have little bit of risk appetite on the stock futures, so less of a reason to go into gold as a hedge,” he added. Gold is usually used as a safe store of value during times of uncertainty, however, investors are preferring the dollar as they did last year during the U.S.-China trade spat. Meanwhile, equi
Gold slips to over two-week low as stronger dollar, stocks weigh Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-21
Keywords: news, cnbc, companies, stronger, low, dollar, investors, appetite, recent, stocks, twoweek, trade, uschina, gold, policy, pointing, slips, reason, weigh


Gold slips to over two-week low as stronger dollar, stocks weigh

Gold prices dropped to a more than two-week low on Tuesday, as investors opted for the dollar and improved appetite for riskier assets dented the appeal of bullion, while markets awaited the release of minutes from the U.S. Federal Reserve.

Spot gold slipped 0.4% to $1,272.55 per ounce, having touched its lowest since May 3 at $1,268.97 earlier in the session.

U.S. gold futures settled $4.10 lower at $1,273.20.

“One big reason is that the U.S. dollar remains pretty strong. What we are seeing, in a strange way, money is flowing towards the dollar as a safe-haven,” said Bart Melek, head of commodity strategies at TD Securities in Toronto.

“Also, we have little bit of risk appetite on the stock futures, so less of a reason to go into gold as a hedge,” he added.

The dollar index climbed to its highest in nearly a month, supported by higher U.S. yields and as fears of the economic fallout from the U.S.-China trade row prompted investors to choose the safety of the U.S. unit over bullion.

Gold is usually used as a safe store of value during times of uncertainty, however, investors are preferring the dollar as they did last year during the U.S.-China trade spat.

Meanwhile, equity markets around the world gained momentum after the United States temporarily relaxed curbs on China’s Huawei Technologies, easing concerns over a further escalation in the U.S.-China trade war.

Investors now await Fed minutes due on Wednesday, which is expected to provide insights into the May 1 central bank meeting in which policymakers decided to keep interest rates steady and signaled little appetite to adjust them any time soon.

“Not much is expected to happen on the policy side. I think they might talk about potential downside risks from trade tensions but does not expect any significant and credible statements pointing to a rate cut this year,” Melek said.

On Monday, Fed Chair Jerome Powell said that it was premature to ascertain the impact of trade and tariffs on the trajectory of monetary policy, instead pointing recent economic data pointed towards a healthy supply side.

“From a technical point of view, a first positive signal (for gold) would be a recovery to $1,290, while a fall below the recent low of $1,266 could open space for a further decline,” said ActivTrades analyst Carlo Alberto De Casa.

Among other precious metals, silver eased 0.1% to $14.44 an ounce.

Platinum rose 0.3% to $813.90 an ounce and palladium was mostly unchanged at $1,328.70.


Company: cnbc, Activity: cnbc, Date: 2019-05-21
Keywords: news, cnbc, companies, stronger, low, dollar, investors, appetite, recent, stocks, twoweek, trade, uschina, gold, policy, pointing, slips, reason, weigh


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Watch CNBC’s full interview with Facebook COO Sheryl Sandberg

Watch CNBC’s full interview with Facebook COO Sheryl Sandberg8 Hours AgoFacebook’s Chief Operating Officer Sheryl Sandberg sits down with CNBC’s Julia Boorstin to discuss the recent calls to regulate big tech companies.


Watch CNBC’s full interview with Facebook COO Sheryl Sandberg8 Hours AgoFacebook’s Chief Operating Officer Sheryl Sandberg sits down with CNBC’s Julia Boorstin to discuss the recent calls to regulate big tech companies.
Watch CNBC’s full interview with Facebook COO Sheryl Sandberg Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: getty images
Keywords: news, cnbc, companies, recent, tech, sits, sandberg8, sheryl, operating, coo, sandberg, facebook, interview, cnbcs, regulate, watch


Watch CNBC's full interview with Facebook COO Sheryl Sandberg

Watch CNBC’s full interview with Facebook COO Sheryl Sandberg

8 Hours Ago

Facebook’s Chief Operating Officer Sheryl Sandberg sits down with CNBC’s Julia Boorstin to discuss the recent calls to regulate big tech companies.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: getty images
Keywords: news, cnbc, companies, recent, tech, sits, sandberg8, sheryl, operating, coo, sandberg, facebook, interview, cnbcs, regulate, watch


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Uber, volatility and trillion-dollar companies: The Reformed Broker Live on Twitter at 11amET

Today’s market conversation is going to be dominated by two things: The recent spate of volatility and the imminent public offering of Uber. Uber’s great challenge is to convince investors that ongoing losses are optimal for the company’s pursuit of dominant market share. It must also convince Wall Street that it is more than just a networked taxi and limousine service — and so you can expect to hear a lot about Uber Eats as well as experiments in freight and trucking. Investors want to know if


Today’s market conversation is going to be dominated by two things: The recent spate of volatility and the imminent public offering of Uber. Uber’s great challenge is to convince investors that ongoing losses are optimal for the company’s pursuit of dominant market share. It must also convince Wall Street that it is more than just a networked taxi and limousine service — and so you can expect to hear a lot about Uber Eats as well as experiments in freight and trucking. Investors want to know if
Uber, volatility and trillion-dollar companies: The Reformed Broker Live on Twitter at 11amET Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: josh brown
Keywords: news, cnbc, companies, reformed, wall, twitter, going, live, companies, uber, market, 11amet, convince, investors, recent, lyft, ongoing, volatility, trilliondollar, broker, theres


Uber, volatility and trillion-dollar companies: The Reformed Broker Live on Twitter at 11amET

Today’s market conversation is going to be dominated by two things: The recent spate of volatility and the imminent public offering of Uber.

And there’s some crossover between the topics.

Uber’s IPO may be raising less money than had originally been expected due to a cooling off of investor enthusiasm for stocks in general and for ride-hailing services in particular.

With Lyft currently selling for 27% less than it’s opening tick, there’s a bit of second-guessing going on among investors about whether or not these companies can continue to scale unprofitably.

Uber’s great challenge is to convince investors that ongoing losses are optimal for the company’s pursuit of dominant market share.

It must also convince Wall Street that it is more than just a networked taxi and limousine service — and so you can expect to hear a lot about Uber Eats as well as experiments in freight and trucking.

Lastly, the recent strikes by Lyft and Uber drivers may have cast a pall over the category in the media, but we’ll see if investors are concerned at all about this ongoing issue.

Investors want to know if Uber will turn into the next trillion-dollar company — a milestone Microsoft hit (albeit briefly) since our last show. We’ll be talking about that, too.

Dominic Chu and I want your questions on these topics. We’ll be answering your queries live on Twitter at 11 a.m. ET. Check it out here:


Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: josh brown
Keywords: news, cnbc, companies, reformed, wall, twitter, going, live, companies, uber, market, 11amet, convince, investors, recent, lyft, ongoing, volatility, trilliondollar, broker, theres


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Yen firms at 6-week high before China-US trade talks

The Japanese yen rallied to a six-week high against the dollar on Wednesday as growing concerns about the trade dispute between China and the United States prompted investors to take shelter in perceived safe-haven assets. Data out earlier showed China’s trade surplus with the United States, a major irritant for Washington, expanded to $21.01 billion in April from a month ago, a factor that might provoke a hardening stance from U.S. officials. The New Zealand dollar was the other notable loser o


The Japanese yen rallied to a six-week high against the dollar on Wednesday as growing concerns about the trade dispute between China and the United States prompted investors to take shelter in perceived safe-haven assets. Data out earlier showed China’s trade surplus with the United States, a major irritant for Washington, expanded to $21.01 billion in April from a month ago, a factor that might provoke a hardening stance from U.S. officials. The New Zealand dollar was the other notable loser o
Yen firms at 6-week high before China-US trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-08
Keywords: news, cnbc, companies, trade, dollar, firms, high, strategists, escalation, chinaus, washington, recent, united, 6week, war, yen, states, talks


Yen firms at 6-week high before China-US trade talks

The Japanese yen rallied to a six-week high against the dollar on Wednesday as growing concerns about the trade dispute between China and the United States prompted investors to take shelter in perceived safe-haven assets.

Data out earlier showed China’s trade surplus with the United States, a major irritant for Washington, expanded to $21.01 billion in April from a month ago, a factor that might provoke a hardening stance from U.S. officials.

“The threat of further escalation in the tariff war becomes real again and at the moment, it is just impossible to assign any probability to any scenario, positive or negative,” Societe Generale strategists said in a daily note.

Focus is on trade talks on Thursday and Friday in Washington, where Chinese Vice Premier Liu will try to salvage a deal that would avoid a sharp increase in tariffs on Chinese goods scheduled to take effect on Friday.

The prospects of an escalation rather than a resolution of the spat between the U.S. and China has seen the yen gain in recent days, with the currency up 0.22 percent against the dollar at 110.0 yen, taking its gains to more than 1 percent so far this month.

The New Zealand dollar was the other notable loser overnight after the central bank cut benchmark cash rates to 1.5 percent from 1.75 percent.

The kiwi was last off 0.1 percent, recovering somewhat after falling to $0.6525 in the immediate aftermath of the rate cut, its lowest since last November.

Elsewhere, the euro was up 0.13 percent at $1.1204, but holding within recent ranges as currency traders were still undecided on the inflationary outlook for the euro zone economy and the latest developments on the trade war front.

“The European Central Bank is likely to keep a close eye on the renewed escalation of the trade war as the real economic consequences could be considerable, affecting its monetary policy,” Commerzbank strategists said.

The pound fell for a third day, edging down 0.43 percent to $1.3018.


Company: cnbc, Activity: cnbc, Date: 2019-05-08
Keywords: news, cnbc, companies, trade, dollar, firms, high, strategists, escalation, chinaus, washington, recent, united, 6week, war, yen, states, talks


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The most popular job among recent college grads pays $83,000 per year—here are the other 9

If you’re part of the graduating class of 2019, consider yourself lucky — you’re entering one of the best hiring markets in recent history. Using data from its platform, LinkedIn examined which jobs recent grads are entering the most in today’s market. On average, entry-level software engineers make $83,000 per year. That’s roughly $33,000 more than the average $50,004 salary that most recent graduates make a year. Take a look below to see what other positions round out LinkedIn’s list of the 10


If you’re part of the graduating class of 2019, consider yourself lucky — you’re entering one of the best hiring markets in recent history. Using data from its platform, LinkedIn examined which jobs recent grads are entering the most in today’s market. On average, entry-level software engineers make $83,000 per year. That’s roughly $33,000 more than the average $50,004 salary that most recent graduates make a year. Take a look below to see what other positions round out LinkedIn’s list of the 10
The most popular job among recent college grads pays $83,000 per year—here are the other 9 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: courtney connley, hero images, getty images
Keywords: news, cnbc, companies, pays, job, recent, grads, linkedin, graduates, entering, 83000, software, entrylevel, popular, yearhere, youre, college, jobs


The most popular job among recent college grads pays $83,000 per year—here are the other 9

If you’re part of the graduating class of 2019, consider yourself lucky — you’re entering one of the best hiring markets in recent history.

With consistent job gains for more than 100 straight months, employers today plan to hire 16.6% more new graduates than they have in previous years, according to data from the National Association of Colleges and Employers (NACE).

Using data from its platform, LinkedIn examined which jobs recent grads are entering the most in today’s market. LinkedIn found that software engineering was the job that the most graduates from the class of 2018 applied to, and the job the most grads were hired for. On average, entry-level software engineers make $83,000 per year. That’s roughly $33,000 more than the average $50,004 salary that most recent graduates make a year.

Take a look below to see what other positions round out LinkedIn’s list of the 10 most popular jobs college graduates enter. Bonus: All of these roles have thousands of entry-level openings right now.


Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: courtney connley, hero images, getty images
Keywords: news, cnbc, companies, pays, job, recent, grads, linkedin, graduates, entering, 83000, software, entrylevel, popular, yearhere, youre, college, jobs


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Aussie dollar rallies as central bank holds rates, cut still on the menu

The Australian dollar rallied on Tuesday after the country’s central bank defied pressure for an immediate cut in interest rates, though it left the door wide open for an easing should the jobs market not stay strong. The Reserve Bank of Australia (RBA) ended its monthly policy meeting by keeping rates unchanged at 1.5 percent, where they have been since mid-2016. If the RBA does eventually cut, markets will automatically assume it will go again, as the bank has never moved rates just once and s


The Australian dollar rallied on Tuesday after the country’s central bank defied pressure for an immediate cut in interest rates, though it left the door wide open for an easing should the jobs market not stay strong. The Reserve Bank of Australia (RBA) ended its monthly policy meeting by keeping rates unchanged at 1.5 percent, where they have been since mid-2016. If the RBA does eventually cut, markets will automatically assume it will go again, as the bank has never moved rates just once and s
Aussie dollar rallies as central bank holds rates, cut still on the menu Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, market, central, recent, cut, dollar, easing, meeting, rba, holds, menu, rates, bank, markets, rallies, aussie, inflation


Aussie dollar rallies as central bank holds rates, cut still on the menu

The Australian dollar rallied on Tuesday after the country’s central bank defied pressure for an immediate cut in interest rates, though it left the door wide open for an easing should the jobs market not stay strong.

The Aussie dollar popped up almost half a cent to $0.7042 on the decision, giving it a gain for the day of 0.7 percent. It faces tough resistance around $0.7070, however.

The Reserve Bank of Australia (RBA) ended its monthly policy meeting by keeping rates unchanged at 1.5 percent, where they have been since mid-2016.

There had been much speculation it would ease given recent weak inflation outcomes.

Yet the central bank set the conditions for an easing by noting that inflation was too low and unemployment would have to fall further to get it rising.

“The Board … recognized that there was still spare capacity in the economy and that a further improvement in the labour market was likely to be needed for inflation to be consistent with the target,” RBA Governor Philip Lowe said in a statement.

Investors reacted by lengthening the odds on a cut in the next couple of months, though it was fully priced for September.

“The Bank noted that it will be paying close attention to developments in the labour market at its upcoming meetings, so if the unemployment rate doesn’t fall any further, we suspect that the Bank will start to cut,” said Marcel Thieliant, a senior economist at Capital Economics.

Interbank futures had implied a 36 percent chance of a quarter-point cut this week, while 17 of 42 analysts polled by Reuters have tipped an easing with the rest on hold.

The July futures contract now implies a 52 percent probability of an easing, compared to 100 percent before the meeting. August shows a 90 percent chance of a cut.

Australian government bond futures surrendered some of their recent gains, with the three-year contract off 8.5 ticks at 98.685. The 10-year contract fell 5 ticks to 98.2000.

Yields on three-year bonds rose to 1.31 percent, having touched an all-time low of 1.23 percent on Monday.

If the RBA does eventually cut, markets will automatically assume it will go again, as the bank has never moved rates just once and stopped. It eased twice in 2016 and twice in 2015.

The case for more stimulus was underlined by data showing retail sales were surprisingly soft in the March quarter, falling 0.1 percent when adjusted for inflation.

That posed a downside risk to economic growth in the quarter and offset another strong reading on international trade.

Australia’s trade surplus for March beat expectations at A$4.9 billion ($3.43 billion) and set the seal on a record-breaking total of A$14.7 billion for the quarter.

The flood of cash might almost be enough to give the country a current account surplus, the first in modern history.

Across the Tasman Sea, the New Zealand dollar edged up to $0.6614, but was still close to recent lows of $0.6581.

Both it and the Aussie had taken a hit on Monday after U.S. President Donald Trump’s threats of more tariffs on China threatened to derail chances of a trade deal anytime soon and sent stock markets sliding.

The Reserve Bank of New Zealand (RBNZ) holds its policy meeting on Wednesday and again markets are unsure if it will cut rates or hang on for a while longer.


Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, market, central, recent, cut, dollar, easing, meeting, rba, holds, menu, rates, bank, markets, rallies, aussie, inflation


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Facebook exec: Here’s what I look for when hiring recent grads

Facebook exec: Here’s what I look for when hiring recent grads6 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Julie Zhuo, VP of product design at Facebook, also shares one “read flag” she always see as a warning sign.


Facebook exec: Here’s what I look for when hiring recent grads6 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Julie Zhuo, VP of product design at Facebook, also shares one “read flag” she always see as a warning sign.
Facebook exec: Here’s what I look for when hiring recent grads Cached Page below :
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Facebook exec: Here's what I look for when hiring recent grads

Facebook exec: Here’s what I look for when hiring recent grads

6 Hours Ago

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

Julie Zhuo, VP of product design at Facebook, also shares one “read flag” she always see as a warning sign.


Company: cnbc, Activity: cnbc, Date: 2019-05-06
Keywords: news, cnbc, companies, enabled, facebook, look, warning, hiring, zhuo, recent, exec, grads, vp, view, try, flash, heres, site, browser


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Trump and Putin talked about Mueller report, Venezuela and North Korea during phone call

President Donald Trump speaks on the phone with Russia’s President Vladimir Putin from the Oval Office of the White House on January 28, 2017, in Washington, DC. President Donald Trump and Russian leader Vladimir Putin discussed the Mueller report, Venezuela and North Korea during a lengthy phone call on Friday, the White House said. The two talked on the phone for more than an hour, according to White House Press Secretary Sarah Huckabee Sanders. Trump also used the conversation to call on Puti


President Donald Trump speaks on the phone with Russia’s President Vladimir Putin from the Oval Office of the White House on January 28, 2017, in Washington, DC. President Donald Trump and Russian leader Vladimir Putin discussed the Mueller report, Venezuela and North Korea during a lengthy phone call on Friday, the White House said. The two talked on the phone for more than an hour, according to White House Press Secretary Sarah Huckabee Sanders. Trump also used the conversation to call on Puti
Trump and Putin talked about Mueller report, Venezuela and North Korea during phone call Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: tucker higgins
Keywords: news, cnbc, companies, phone, venezuela, talked, house, report, white, russian, putin, mueller, recent, sanders, north, korea, president, trump


Trump and Putin talked about Mueller report, Venezuela and North Korea during phone call

President Donald Trump speaks on the phone with Russia’s President Vladimir Putin from the Oval Office of the White House on January 28, 2017, in Washington, DC.

President Donald Trump and Russian leader Vladimir Putin discussed the Mueller report, Venezuela and North Korea during a lengthy phone call on Friday, the White House said.

The two talked on the phone for more than an hour, according to White House Press Secretary Sarah Huckabee Sanders. The leaders also discussed trade and a potential nuclear agreement including China, Sanders said.

Regarding the investigation by special counsel Robert Mueller, which concluded in March, Sanders said “both leaders knew there was no collusion.” The discussion on the matter was brief, she said.

Trump also used the conversation to call on Putin to put pressure on North Korean leader Kim Jong Un to denuclearize, Sanders said. The president has made the denuclearization of the Korean Peninsula a key foreign policy priority.

Trump and Putin have spoken on the phone more than half a dozen times since Trump became president, according to official readouts from the White House. Last year, Putin said the two spoke “regularly.”

The discussion between the two leaders comes amid tense relations between the two global powers, with a geopolitical standoff in Latin America threatening to break out into greater violence and intense domestic attention on Trump’s dealings with Russia.

In recent days, the two countries have warned each other against further intervention in Venezuela, where U.S.-backed opposition leader Juan Guaido is escalating calls for a mass uprising against Nicolas Maduro, who retains Russian support.

“This is our hemisphere,” Bolton said Wednesday. “It’s not where the Russians ought to be interfering.”

Meanwhile, Russian Foreign Minister Sergei Lavrov warned in a phone call to Mike Pompeo, the American secretary of state, that U.S. intervention in the country violated international law and could lead to grave consequences, Reuters reported.

And, at home, Trump’s attorney general pick is facing is facing calls from a number of congressional Democrats to resign over what they say were misleading characterizations of concerns raised by Mueller’s prosecutors.

Mueller’s investigation into accusations that Trump colluded with Russia during the 2016 campaign dogged much of the first two years of his administration, and “placed a cloud over the Presidency that has only begun to lift in recent weeks,” White House lawyer Emmett Flood wrote in a recent letter to Attorney General William Barr that was made public Thursday.

Barr delivered his first public testimony to Congress following the Mueller report’s release on Wednesday. A day later, House Speaker Nancy Pelosi accused him of lying to Congress, a crime.

This is breaking news. Check back for updates.


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: tucker higgins
Keywords: news, cnbc, companies, phone, venezuela, talked, house, report, white, russian, putin, mueller, recent, sanders, north, korea, president, trump


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April’s jobs report is full of great news for college grads

As college graduation season fast approaches, new grads find themselves heading into one of the friendliest hiring markets in recent history. “It’s a great time to be graduating,” Andrew Challenger, VP of executive placement firm Challenger, Gray & Christmas, tells CNBC Make It. In April, 27,000 healthcare jobs were added to the market, along with 76,000 professional and business services jobs. Data from BLS shows that retail hiring decreased by 12,000 jobs last month and hiring for manufacturin


As college graduation season fast approaches, new grads find themselves heading into one of the friendliest hiring markets in recent history. “It’s a great time to be graduating,” Andrew Challenger, VP of executive placement firm Challenger, Gray & Christmas, tells CNBC Make It. In April, 27,000 healthcare jobs were added to the market, along with 76,000 professional and business services jobs. Data from BLS shows that retail hiring decreased by 12,000 jobs last month and hiring for manufacturin
April’s jobs report is full of great news for college grads Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: courtney connley
Keywords: news, cnbc, companies, data, chamberlain, job, aprils, grads, report, college, challenger, jobs, months, healthcare, market, recent, great, professional


April's jobs report is full of great news for college grads

As college graduation season fast approaches, new grads find themselves heading into one of the friendliest hiring markets in recent history. In April, 263,000 jobs were added to the economy, putting unemployment at 3.6%, the lowest its been since December 1969. That’s according to the latest report from the Bureau of Labor Statistics, which also showed wages increasing by 3.2% from a year ago. “It’s a great time to be graduating,” Andrew Challenger, VP of executive placement firm Challenger, Gray & Christmas, tells CNBC Make It. “We have historically low unemployment rates and surveys show that American companies plan to hire more graduating college students this year than they did last year. ” Challenger, and Glassdoor chief economist Andrew Chamberlain broke down which industries are showing solid job growth and what skill sets recent grads need to emphasize in order to get hired.

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Industries with the strongest growth

For those on the job hunt, Chamberlain says focusing your attention on jobs in the healthcare and professional and business services industries can really pay off. In April, 27,000 healthcare jobs were added to the market, along with 76,000 professional and business services jobs. With an aging demographic that’s moving from the workforce to retirement, Chamberlain says he thinks healthcare “is one of the best fields for long-term growth for a young college grad today. “And, that doesn’t necessarily mean you have to be a nurse practitioner or a healthcare provider,” he says. “There are data analyst roles, project manager roles and there are also sales-related roles in healthcare. So depending on your skills, there are a lot of different ways you can fit in there.” In the professional and business services industry, Chamberlain says “management and technical consulting is adding the most jobs, along with computer systems design, which is basically tech.” “If you’re coming out as a STEM major,” he says, “getting on a software developer track, or a data scientist track, is a great way to earn premium pay right out of school.” According to Glassdoor, the average base salary for an entry-level data scientist is $109,727 per year and the average base salary for an entry-level software developer is $68,270 per year — pretty nice, when you consider the average $50,004 a year salary recent gradates earned in 2018, according to the National Association of Colleges and Employers (NACE) . On the flip side, Challenger says any recent graduate — or seasoned professional — looking for a new job should steer clear of the retail and manufacturing industries. Data from BLS shows that retail hiring decreased by 12,000 jobs last month and hiring for manufacturing jobs has slowed drastically. In April, manufacturing added a mere 4,000 jobs to the market, whereas in the 12 months prior to February the industry was adding an average of 22,000 jobs per month.

Twenty20

Skills to emphasize

Chamberlain says that any recent graduate who is looking to get hired should play up on their ability to work with data. He says that regardless of what industry you’re working in, “anyone who is able to help businesses turn their data into information will find a really good job market no matter where they go.” “That’s a main problem many companies face today,” he says. “They have a lot of data and they don’t know what to do with it.” Additionally, Chamberlain says, companies are looking for people who can “pop in as a consultant and help solve problems. Or, be able to be a storyteller to help the company run better.” “I think those are the factors that will set you up for very long-term growth,” he says. Aside from those skills, Challenger says that any recent grad with a STEM degree will have “skill sets that are in really high demand” in today’s market.

10 years ago this month

In April 2009, 539,000 jobs disappeared from the market, reports The New York Times. That put unemployment at 8.9% —the highest level it had been in a quarter century. And April’s numbers were actually less severe than previous months. “The most intense spate of weakness is probably behind us,” Michael T. Darda, chief economist at the research and trading firm MKM Partners, told The New York Times in 2009. “Less bad is always a prelude to good. It’s going to take some time for this economy to get back on its feet, but we might be closer to the recession ending.” By contrast, today’s labor market has shown consistent gains for over 100 months. “We’re getting very close to being in the longest economic expansion in U.S. history,” says Chamberlain. “If the economy continues growing through June, we will have 120 months since the end of the last recession.” Like this story? Subscribe to CNBC Make It on YouTube! Don’t miss: March jobs report: Hiring growth and more jobs added in high-paying industries


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: courtney connley
Keywords: news, cnbc, companies, data, chamberlain, job, aprils, grads, report, college, challenger, jobs, months, healthcare, market, recent, great, professional


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