Autos and miners rip higher across Europe as trade tensions ease

European autos and miners surged higher in Monday trade following the news that China and the United States have brokered a trade war truce. Over the weekend President Donald Trump and his Chinese counterpart Xi JinPing agreed not raise tariffs further for at least 90 days. Miners are sensitive to trade tariffs as they provide the raw materials for China’s vast amount of steel and other resources. China currently has a 40 percent tax on US-imported cars, affecting roughly $10 billion worth of pa


European autos and miners surged higher in Monday trade following the news that China and the United States have brokered a trade war truce. Over the weekend President Donald Trump and his Chinese counterpart Xi JinPing agreed not raise tariffs further for at least 90 days. Miners are sensitive to trade tariffs as they provide the raw materials for China’s vast amount of steel and other resources. China currently has a 40 percent tax on US-imported cars, affecting roughly $10 billion worth of pa
Autos and miners rip higher across Europe as trade tensions ease Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: david reid, luke sharrett, bloomberg, getty images
Keywords: news, cnbc, companies, higher, cars, ease, autos, tariffs, trade, china, stocks, rip, tax, trump, manufacturing, europe, miners, tensions, chinese


Autos and miners rip higher across Europe as trade tensions ease

European autos and miners surged higher in Monday trade following the news that China and the United States have brokered a trade war truce.

Over the weekend President Donald Trump and his Chinese counterpart Xi JinPing agreed not raise tariffs further for at least 90 days. The two superpowers have also said they will try to overcome contentious issues including “forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft.”

Europe’s basket of basic resources stocks jumped more than 5 percent shortly after the opening bell, as investors reacted to the cease-fire. Antofagsta, Glencore and Anglo American were all trading more than 6 percent higher on the news.

Miners are sensitive to trade tariffs as they provide the raw materials for China’s vast amount of steel and other resources.

Overnight data showed the manufacturing sector in China accelerated slightly in November, providing a further boost to growth related stocks. Trump also tweeted overnight saying China had “agreed to reduce and remove tariffs on cars coming into China from the U.S.”

At the open of European trade, the grouping of autos and auto suppliers ripped more than 5 percent higher. Both BMW and Daimler gained more than 6 percent while Volkswagen, Porsche and Fiat Chrysler also enjoyed strong gains.

China currently has a 40 percent tax on US-imported cars, affecting roughly $10 billion worth of passenger vehicles each year.

That tax has a disproportionately negative effect on German auto giants who build a large number of cars in the U.S. for export and sale to Chinese customers.

U.S.-based firms Fiat Chrysler and Ford already have Chinese manufacturing plants in place and are seen as relatively immune to trade threats.


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: david reid, luke sharrett, bloomberg, getty images
Keywords: news, cnbc, companies, higher, cars, ease, autos, tariffs, trade, china, stocks, rip, tax, trump, manufacturing, europe, miners, tensions, chinese


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Charts suggest stocks will rip higher into 2019

A pair of charts suggests stocks will stage a significant rally, no matter what happens with the midterm elections. According to J.P. Morgan’s Jason Hunter, investors could be on the cusp of solid gains following the October correction. “We feel comfortable thinking this is a late-cycle correction and not a bear market,” he said Tuesday on CNBC’s “Futures Now.” “We feel confident that the market is going to head higher into early next year.” “The general idea for now: The curve is not inverted y


A pair of charts suggests stocks will stage a significant rally, no matter what happens with the midterm elections. According to J.P. Morgan’s Jason Hunter, investors could be on the cusp of solid gains following the October correction. “We feel comfortable thinking this is a late-cycle correction and not a bear market,” he said Tuesday on CNBC’s “Futures Now.” “We feel confident that the market is going to head higher into early next year.” “The general idea for now: The curve is not inverted y
Charts suggest stocks will rip higher into 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: stephanie landsman, chris goodney, bloomberg, getty images, brendan mcdermid, david a grogan
Keywords: news, cnbc, companies, rip, stocks, 2019, bear, zero, treasury, sp, market, hunter, suggest, charts, yield, curve, thats, higher, correction


Charts suggest stocks will rip higher into 2019

A pair of charts suggests stocks will stage a significant rally, no matter what happens with the midterm elections.

According to J.P. Morgan’s Jason Hunter, investors could be on the cusp of solid gains following the October correction.

“We feel comfortable thinking this is a late-cycle correction and not a bear market,” he said Tuesday on CNBC’s “Futures Now.” “We feel confident that the market is going to head higher into early next year.”

Hunter, the firm’s head of global fixed income and U.S. equity technical strategy, referred to the absence of the cross-market pattern that’s developed before each of the recessions in bear markets.

“The spread between 10-Year [Treasury] note yields and 2-Year [Treasury] note yield levels, as our lower panel here, and the progression that you generally saw was the yield curve inverts for the first time in each cycle,” said Hunter. “The key takeaway here is while we saw some volatility twice this year, the curve is not inverted yet. We are still above that zero line. It’s close, but zero matters here.”

Hunter’s second chart illustrates the underlying structure of the S&P 500 so far this year.

“You can see that as prices move lower, the momentum starts to trend higher, and ultimately that tells us that the correction is now getting long in the tooth,” he added. “We’re looking for a rebound to develop, and that’s what we see happening right now.”

His analysis came as S&P 500 tries to lock in its fifth positive session in six. The S&P, which fell almost 7 percent in October, is up more than 2 percent in the last week.

“The general idea for now: The curve is not inverted yet, so we’ll treat the pullback as a late-cycle correction and not the start of a bear market,” Hunter said.


Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: stephanie landsman, chris goodney, bloomberg, getty images, brendan mcdermid, david a grogan
Keywords: news, cnbc, companies, rip, stocks, 2019, bear, zero, treasury, sp, market, hunter, suggest, charts, yield, curve, thats, higher, correction


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Wall Street losses rip through global markets as rate fears shake investors

Global markets plunged Thursday, continuing steep losses seen in the previous session, as investors worry about rapidly rising interest rates and an expected slowdown in global growth. Overnight Dow Jones industrial average futures were down by 189 points as of 2:52 a.m. This after stocks sank Wednesday with the Dow plunging more than 800 points in its worst drop since February. Around the world, stocks have tumbled on the back of concerns surrounding global economic growth and rising interest r


Global markets plunged Thursday, continuing steep losses seen in the previous session, as investors worry about rapidly rising interest rates and an expected slowdown in global growth. Overnight Dow Jones industrial average futures were down by 189 points as of 2:52 a.m. This after stocks sank Wednesday with the Dow plunging more than 800 points in its worst drop since February. Around the world, stocks have tumbled on the back of concerns surrounding global economic growth and rising interest r
Wall Street losses rip through global markets as rate fears shake investors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: fred imbert, eustance huang, ryan browne, matt clinch, getty images
Keywords: news, cnbc, companies, seen, investors, points, street, wall, dow, yields, trump, stocks, week, rates, rate, global, losses, markets, rip, shake, fears


Wall Street losses rip through global markets as rate fears shake investors

Global markets plunged Thursday, continuing steep losses seen in the previous session, as investors worry about rapidly rising interest rates and an expected slowdown in global growth.

Overnight Dow Jones industrial average futures were down by 189 points as of 2:52 a.m. ET. Futures implied the Dow will open Thursday down by 280 points. This after stocks sank Wednesday with the Dow plunging more than 800 points in its worst drop since February. The VIX (the CBOE Volatility Index), which is seen as a fear gauge for the market, also hit a high of 20.58, its highest level since April 11.

Around the world, stocks have tumbled on the back of concerns surrounding global economic growth and rising interest rates. The International Monetary Fund warned earlier this week that simmering trade tensions, such as those between the U.S. and China, could lead to a “sudden deterioration in risk sentiment, triggering a broad-based correction in global capital markets and a sharp tightening of global financial conditions.”

Meanwhile, U.S. Treasury yields have this week climbed to multi-year highs. Traditionally a sharp rise in bond yields — the cost of borrowing — is seen as negative for major cooperates and their stock prices. President Donald Trump on Wednesday once again criticized the U.S. Federal Reserve, calling the central bank “crazy” for its insistence on hiking rates. Trump also commented on the plunge in markets, calling it a “correction that we’ve been waiting for for a long time.”


Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: fred imbert, eustance huang, ryan browne, matt clinch, getty images
Keywords: news, cnbc, companies, seen, investors, points, street, wall, dow, yields, trump, stocks, week, rates, rate, global, losses, markets, rip, shake, fears


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

This trade war-sensitive commodity is about to rip higher

This trade war sensitive commodity is about to rip higher 19 Hours Ago | 01:24Trade war conflicts have caused soybeans to suffer this year, but after a 10 percent surge in the last month, one trader expects the rally to continue to grow. Bill Baruch, president of Blue Line Futures, told CNBC’s “Trading Nation” on Tuesday that he has a bullish outlook on soybeans and China. Here is what he had to say:· The biggest casualty from China’s retaliation to the U.S. tariffs was soybeans. · The recent sw


This trade war sensitive commodity is about to rip higher 19 Hours Ago | 01:24Trade war conflicts have caused soybeans to suffer this year, but after a 10 percent surge in the last month, one trader expects the rally to continue to grow. Bill Baruch, president of Blue Line Futures, told CNBC’s “Trading Nation” on Tuesday that he has a bullish outlook on soybeans and China. Here is what he had to say:· The biggest casualty from China’s retaliation to the U.S. tariffs was soybeans. · The recent sw
This trade war-sensitive commodity is about to rip higher Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-08  Authors: melody greene, feature china, barcroft media, getty images, lucas jackson, scott mlyn, patrick t fallon, bloomberg, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, china, war, worst, bushel, extremely, trade, soybeans, bullish, warsensitive, commodity, rip, trading, futures, higher


This trade war-sensitive commodity is about to rip higher

This trade war sensitive commodity is about to rip higher 19 Hours Ago | 01:24

Trade war conflicts have caused soybeans to suffer this year, but after a 10 percent surge in the last month, one trader expects the rally to continue to grow.

Bill Baruch, president of Blue Line Futures, told CNBC’s “Trading Nation” on Tuesday that he has a bullish outlook on soybeans and China. Here is what he had to say:

· The biggest casualty from China’s retaliation to the U.S. tariffs was soybeans.

· Soybeans lost as much as 22 percent from the May 29 high through the July low, their worst levels since December 2008, before stabilizing.

· Soybeans are extremely undervalued at $9 a bushel because China doesn’t start making its largest purchases until October and there is light at the end of the tunnel for this war.

· The recent swing higher and breakout of a cup and handle pattern is even more important, this level aligns three separate proprietary technical indicators and a close above 9.23 a bushel is extremely bullish.

· We want to be long soybeans above 9.23.

Soybean futures were trading around 9.13 a bushel on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2018-08-08  Authors: melody greene, feature china, barcroft media, getty images, lucas jackson, scott mlyn, patrick t fallon, bloomberg, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, china, war, worst, bushel, extremely, trade, soybeans, bullish, warsensitive, commodity, rip, trading, futures, higher


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Key GOP senators rip Trump’s farm bailout: ‘America’s farmers don’t want to be paid to lose’

Republican senators Tuesday condemned the Trump administration’s $12 billion bailout plan for farmers hit by crippling tariffs on their goods. “America’s farmers don’t want to be paid to lose — they want to win by feeding the world. This administration’s tariffs and bailouts aren’t going to make America great again, they’re just going to make it 1929 again,” he added. Sen. Bob Corker, R-Tenn., however, called on the Trump administration to “reverse course and end this incoherent” tariff policy.


Republican senators Tuesday condemned the Trump administration’s $12 billion bailout plan for farmers hit by crippling tariffs on their goods. “America’s farmers don’t want to be paid to lose — they want to win by feeding the world. This administration’s tariffs and bailouts aren’t going to make America great again, they’re just going to make it 1929 again,” he added. Sen. Bob Corker, R-Tenn., however, called on the Trump administration to “reverse course and end this incoherent” tariff policy.
Key GOP senators rip Trump’s farm bailout: ‘America’s farmers don’t want to be paid to lose’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-24  Authors: kevin breuninger, tom williams, cq-roll call group, getty images
Keywords: news, cnbc, companies, dont, key, trade, farmers, plan, tariffs, paid, senators, gop, republican, bad, administration, bailout, administrations, farm, rip, trump, lose, trumps


Key GOP senators rip Trump's farm bailout: 'America’s farmers don’t want to be paid to lose'

Republican senators Tuesday condemned the Trump administration’s $12 billion bailout plan for farmers hit by crippling tariffs on their goods.

Sen. Ben Sasse, R-Neb., came out swinging against the newly proposed aid package, describing it as a pair of “gold crutches” to support the farmers hobbled by President Donald Trump’s own trade policy.

“This trade war is cutting the legs out from under farmers and the White House’s ‘plan’ is to spend $12 billion on gold crutches,” Sasse, a frequent Trump critic, said in a statement.

“America’s farmers don’t want to be paid to lose — they want to win by feeding the world. This administration’s tariffs and bailouts aren’t going to make America great again, they’re just going to make it 1929 again,” he added.

Agriculture Secretary Sonny Perdue unveiled the plan Tuesday, calling it a short-term fix intended to provide “time to work on long-term trade deals.” The announcement came hours after Trump took to Twitter to proclaim: “Tariffs are the greatest!” The president, ahead of trade talks with European Union representatives, argued that the levies would force other countries to come to the table.

Sen. Bob Corker, R-Tenn., however, called on the Trump administration to “reverse course and end this incoherent” tariff policy.

In a statement, he said the Trump administration was “offering welfare to farmers to solve a problem they themselves created” and suggested that the stimulus itself is evidence that the administration “finally seems to understand that the Trump-Pence tariffs are hurting the American people.”

In other remarks on Tuesday, Corker said, “It’s hard to believe there isn’t an outright revolt right now in Congress,” according to a Bloomberg reporter.

Corker, who is among the most vocal critics of Trump from within the president’s own party, is not seeking re-election at the end of his term in 2018.

Other Republican senators criticized the bailout plan in remarks to reporters.

Sen. Ron Johnson, R-Wisc., lamented the Trump administration’s increasing interference in the economy.

“This is becoming more and more like a Soviet-type of economy here,” Johnson reportedly said, with “commissars” providing benefits.

Sen. Pat Toomey, R-Pa., accused the Agriculture Department of “trying to put a band-aid on a self-inflicted wound.”

Toomey added: “The administration clobbers farmers with an unnecessary trade war then attempts to assuage them with taxpayer handouts. This bailout compounds bad policy with more bad policy.”

Sen. Jeff Flake, R-Ariz., ripped Trump’s plan as “a bad deal all around,” adding that it will be “bad for the taxpayers, horrible for farmers.”

Flake, another Republican critic of Trump with plans to retire in 2018, said the decision to flush farmers with taxpayer-funded cash is “patently unfair across the board” for other industries.

“These markets have been developed over years and because of trade agreements that we’ve had and whatnot,” Flake said. “And then just to basically rip them away, it’s just wrong.”


Company: cnbc, Activity: cnbc, Date: 2018-07-24  Authors: kevin breuninger, tom williams, cq-roll call group, getty images
Keywords: news, cnbc, companies, dont, key, trade, farmers, plan, tariffs, paid, senators, gop, republican, bad, administration, bailout, administrations, farm, rip, trump, lose, trumps


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Sellers are increasingly stripping out luxury homes instead of tricking them out

A sweeping, 7,000-square-foot penthouse in the storied, iconic Sierra Towers that has been stripped down to the bare concrete bones. The new strategy, which is becoming increasingly popular in luxury real estate markets like New York and Los Angeles, is called “white-boxing.” “This is much more valuable than buying something and having to rip everything out.” It’s tabula rasa real estate at its finest. So you can walk in, you just see the walls, you see the interior space, but you can do whateve


A sweeping, 7,000-square-foot penthouse in the storied, iconic Sierra Towers that has been stripped down to the bare concrete bones. The new strategy, which is becoming increasingly popular in luxury real estate markets like New York and Los Angeles, is called “white-boxing.” “This is much more valuable than buying something and having to rip everything out.” It’s tabula rasa real estate at its finest. So you can walk in, you just see the walls, you see the interior space, but you can do whateve
Sellers are increasingly stripping out luxury homes instead of tricking them out Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-02  Authors: diana olick, source
Keywords: news, cnbc, companies, know, mills, rip, estate, stripping, tricking, los, luxury, sellers, space, increasingly, sweeping, instead, real, makes, homes, having


Sellers are increasingly stripping out luxury homes instead of tricking them out

Thirty-two stories above West Hollywood, Calif., there is a big, empty space. A sweeping, 7,000-square-foot penthouse in the storied, iconic Sierra Towers that has been stripped down to the bare concrete bones.

Listed at $58 million dollars, with sweeping 360 degree terrace views of Los Angeles, the fact that it is empty apparently makes it more valuable.

The new strategy, which is becoming increasingly popular in luxury real estate markets like New York and Los Angeles, is called “white-boxing.” Strip out all the finishings, all the amenities, even the highest of the high-end kitchens and baths, and then you can charge more for the space.

“A lot of times people will buy something, totally done, beautiful and they’ll still rip everything out and start over, so this trend is more, buy it, do whatever you want to do and you don’t have to pay to rip out someone else’s design,” said Jade Mills, with Coldwell Banker of Beverly Hills. “This is much more valuable than buying something and having to rip everything out.”

Not only does it save the buyer time and money, but Mills says it actually makes buyers feel better about the tear out, which they all know is not exactly environmentally sound. They may know they’re wasting what was already there, but it’s already been done, so they don’t have to see that. It’s tabula rasa real estate at its finest.

“White boxing is really just having a blank canvas. So you can walk in, you just see the walls, you see the interior space, but you can do whatever you want to that space” said Mills.


Company: cnbc, Activity: cnbc, Date: 2018-05-02  Authors: diana olick, source
Keywords: news, cnbc, companies, know, mills, rip, estate, stripping, tricking, los, luxury, sellers, space, increasingly, sweeping, instead, real, makes, homes, having


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

‘The dumbest possible way’: Heartland Republicans rip President Trump’s tariff plans

Public opinion of the president’s proposed tariffs is unclear at this point. It is not certain that views on Trump and GOP candidates in agricultural states will change significantly because of the proposals. Still, the president’s plans at least create a delicate situation for some Midwestern House Republicans already locked in tough fights for re-election. House Republicans facing tough re-election bids in states or districts with a major farming presence include Rep. Rod Blum of Iowa, Rep. Do


Public opinion of the president’s proposed tariffs is unclear at this point. It is not certain that views on Trump and GOP candidates in agricultural states will change significantly because of the proposals. Still, the president’s plans at least create a delicate situation for some Midwestern House Republicans already locked in tough fights for re-election. House Republicans facing tough re-election bids in states or districts with a major farming presence include Rep. Rod Blum of Iowa, Rep. Do
‘The dumbest possible way’: Heartland Republicans rip President Trump’s tariff plans Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-04-06  Authors: jacob pramuk, getty images
Keywords: news, cnbc, companies, plans, trumps, rip, trump, nebraska, gop, republicans, way, house, political, possible, iowa, rep, tariff, president, proposed, dumbest, tariffs, states, heartland


'The dumbest possible way': Heartland Republicans rip President Trump's tariff plans

Senators from states reliant on farming are pushing the president not to implement his proposed levies, which are designed to punish alleged unfair trade practices by China.

“He’s threatening to light American agriculture on fire,” Sen. Ben Sasse, R-Neb., said in a statement Thursday night. “Let’s absolutely take on Chinese bad behavior, but with a plan that punishes them instead of us. This is the dumbest possible way to do this.”

On Wednesday, as China proposed its retaliatory measures, Sasse’s Republican Senate counterpart in Nebraska, as well as both of Iowa’s GOP senators, urged Trump to reconsider the moves. Sen. Chuck Grassley of Iowa, a noted Trump ally, said, “Farmers and ranchers shouldn’t be expected to bear the brunt of retaliation for the entire country.”

Sen. Deb Fischer, who faces what should be an easy re-election bid this year in Nebraska, said Wednesday that she told the White House her state’s farmers would face a “significant market loss” if China went through with its tariffs.

Trump has said recently in regard to the tariffs that a bit of temporary pain is worth it in the end.

Public opinion of the president’s proposed tariffs is unclear at this point. It is not certain that views on Trump and GOP candidates in agricultural states will change significantly because of the proposals.

Still, the president’s plans at least create a delicate situation for some Midwestern House Republicans already locked in tough fights for re-election.

One analyst of political risk for markets, Greg Valliere of Horizon Investments, told CNBC that a GOP source tells him the party is worried about political damage in states like Iowa. The Koch brothers’ political network, a key financial source for Republican candidates and their agenda in the Midwest, has expressed frustrations with Trump’s pursuit of tariffs, according to The Washington Post.

House Republicans facing tough re-election bids in states or districts with a major farming presence include Rep. Rod Blum of Iowa, Rep. Don Bacon of Nebraska and Rep. Mike Bost of Illinois. Nonpartisan election handicappers consider those races toss-ups and potentially crucial to whether Democrats flip the 24 GOP-held seats needed to take a House majority.

The offices of those congressmen did not give CNBC an immediate response to the tariff escalations with China. The House is out of Washington this week, so lawmakers could already be facing questions about the measures at home in their districts.

House Democrats’ campaign arm has already started to criticize Bost and Rep. Rodney Davis, R-Ill., over the soybean tariffs. Davis’ office did not immediately respond to CNBC’s request on the congressman’s tariff stance.

— CNBC’s Patti Domm contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-04-06  Authors: jacob pramuk, getty images
Keywords: news, cnbc, companies, plans, trumps, rip, trump, nebraska, gop, republicans, way, house, political, possible, iowa, rep, tariff, president, proposed, dumbest, tariffs, states, heartland


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Conservatives rip Trump for signing massive spending bill that ignores many of their priorities

Author and commentator Ann Coulter also warned the president that signing the bill, and thereby betraying his conservative base, could lead to his impeachment. “I will never sign another bill like this again,” Coulter quoted Trump saying during remarks about the bill. Coulter, whose most recent book was titled, “In Trump We Trust,” also labeled Trump as “President Schumer,” a reference to liberal Senate Minority Leader Chuck Schumer, D-N.Y. The bill Trump eventually signed also angered conservat


Author and commentator Ann Coulter also warned the president that signing the bill, and thereby betraying his conservative base, could lead to his impeachment. “I will never sign another bill like this again,” Coulter quoted Trump saying during remarks about the bill. Coulter, whose most recent book was titled, “In Trump We Trust,” also labeled Trump as “President Schumer,” a reference to liberal Senate Minority Leader Chuck Schumer, D-N.Y. The bill Trump eventually signed also angered conservat
Conservatives rip Trump for signing massive spending bill that ignores many of their priorities Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-23  Authors: christina wilkie, nicholas kamm, afp, getty images, david orrell
Keywords: news, cnbc, companies, priorities, bill, sign, ignores, trump, massive, schumer, signing, conservatives, funding, rip, conservative, coulter, senate, president, spending


Conservatives rip Trump for signing massive spending bill that ignores many of their priorities

Some of the nation’s loudest and most prominent conservative voices tore into President Donald Trump on Friday, lambasting the president over his decision to sign a $1.3 trillion omnibus spending bill just hours after he threatened to veto it. The attacks represented a swift about-face from a group that typically comprises some of Trump’s biggest cheerleaders.

Laura Ingraham, the conservative radio host, wrote on Twitter that it was a “missed opportunity” for the president. “If he loses the House, Dems will go straight to impeachment,” she added.

Author and commentator Ann Coulter also warned the president that signing the bill, and thereby betraying his conservative base, could lead to his impeachment.

“I will never sign another bill like this again,” Coulter quoted Trump saying during remarks about the bill. “Yeah, because you’ll be impeached,” Coulter added below the quote.

Coulter, whose most recent book was titled, “In Trump We Trust,” also labeled Trump as “President Schumer,” a reference to liberal Senate Minority Leader Chuck Schumer, D-N.Y.

The actor and outspoken conservative James Woods also took a swipe at the president, writing: “The Democrats gave you the rope, Mr. President, and you just hanged yourself with it.” He added the hashtag #ByeByeGOP, an apparent reference to the Republican majority in Congress.

At the White House on Friday, Trump tried to justify his decision to sign the bill by saying it was in the interest of national security. The measure contains billions of dollars in additional spending for the Pentagon, which Republicans sought. Yet it also has funding for discretionary domestic programs, which Democrats demanded in order to help get the bill over the 60-vote threshold in the Senate. To staunch fiscal conservatives, this combination was the worst possible outcome.

The bill Trump eventually signed also angered conservatives by maintaining funding for Planned Parenthood, the nonprofit women’s health-care provider and perennial target of the right.

Anti-abortion activists had hoped the spending bill would expand the current ban on taxpayer funding of abortions, known as the Hyde Amendment, to include private insurers who received federal bailout money. They also wanted the omnibus to contain a so-called “conscience protection” clause, allowing health-care providers to refuse to perform abortions if the procedure violated their religious or moral beliefs. But neither of these was included in the final legislation.


Company: cnbc, Activity: cnbc, Date: 2018-03-23  Authors: christina wilkie, nicholas kamm, afp, getty images, david orrell
Keywords: news, cnbc, companies, priorities, bill, sign, ignores, trump, massive, schumer, signing, conservatives, funding, rip, conservative, coulter, senate, president, spending


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Chips rip higher, and market watchers eye Intel as the semi to own

Trading Nation: These investors are buying into the chip rip 3:10 PM ET Fri, 16 Feb 2018 | 02:43Chip stocks are ripping higher, and one market watcher says the semiconductor space could be in for an even bigger rally. The rally, led by Applied Materials, Lam Research and Micron, comes as the group has fallen roughly 5 percent from highs late last month. Applied Materials and Lam Research are the “two 800 pound gorillas in the space. Lam Research is still down over 9 percent since it reported ear


Trading Nation: These investors are buying into the chip rip 3:10 PM ET Fri, 16 Feb 2018 | 02:43Chip stocks are ripping higher, and one market watcher says the semiconductor space could be in for an even bigger rally. The rally, led by Applied Materials, Lam Research and Micron, comes as the group has fallen roughly 5 percent from highs late last month. Applied Materials and Lam Research are the “two 800 pound gorillas in the space. Lam Research is still down over 9 percent since it reported ear
Chips rip higher, and market watchers eye Intel as the semi to own Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-02-20  Authors: annie pei, david paul morris, bloomberg, getty images, lucy nicholson, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, week, semi, intel, research, chips, watchers, eye, rip, higher, binger, space, reported, semiconductor, market, rallied, materials, lam


Chips rip higher, and market watchers eye Intel as the semi to own

Trading Nation: These investors are buying into the chip rip 3:10 PM ET Fri, 16 Feb 2018 | 02:43

Chip stocks are ripping higher, and one market watcher says the semiconductor space could be in for an even bigger rally.

The SMH semiconductor ETF last week posted its best week in more than two years. The rally, led by Applied Materials, Lam Research and Micron, comes as the group has fallen roughly 5 percent from highs late last month.

Despite that sell-off, SMH is still up about 34 percent in the last year.

Applied Materials and Lam Research are the “two 800 pound gorillas in the space. They both reported and are positive on industry spending in 2018,” Mike Binger, portfolio manager at Gradient Investments, wrote in a note to CNBC on Friday.

Applied Materials has rallied 6 percent since the company reported earnings on Wednesday. Lam Research is still down over 9 percent since it reported earnings in late January.

However, Binger targeted another name in the group as the semiconductor to hold: Intel.

Intel shares rallied 4 percent in the past week, and Binger believes the stock could be setting up for the perfect storm for profits.

“This is an easy name to own in the space, they just had a really good quarter, a revenue and [earnings-per-share] beat, and they raised the dividend,” he added. “The Internet of Things, the Altaira acquisition, is going well. Memory and data center chips, it’s all working well for them,” Binger said Friday on CNBC’s “Trading Nation” segment of “Power Lunch.” “No longer are they at the whims of the PC cycle they’re seeing. So own Intel, it’s going to work out fine.”

Intel has rallied 26 percent in the past year, a statistic that Fort Pitt Capital senior portfolio manager Kim Forrest cites as one reason for her belief in the company.

“Intel is an all-around well-run company that is making steady gains in the newer areas of drones and autonomous driving. The company’s most recent quarter shows that the competition is not gaining on the high-margin server chips,” she said Friday.

Along with Intel, Forrest also recommends Texas Instruments stock, which she describes as an “analog to digital” chipmaker.

Disclosure: Fort Pitt Capital owns Intel and Texas Instruments. Gradient Investments owns Intel.


Company: cnbc, Activity: cnbc, Date: 2018-02-20  Authors: annie pei, david paul morris, bloomberg, getty images, lucy nicholson, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, week, semi, intel, research, chips, watchers, eye, rip, higher, binger, space, reported, semiconductor, market, rallied, materials, lam


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Apple, Teva rip higher on Buffett’s Berkshire investments

Teva Pharmaceutical climbed more than 10.5 percent Thursday morning after news late Wednesday that Warren Buffett’s Berkshire Hathaway disclosed a $358 million stake in the drugmaker as of the end of the fourth quarter. The quarterly filing also showed Berkshire increased its holdings of Apple by 23.3 percent. The purchase shows the influence of Buffett’s investment deputies, Berkshire portfolio managers Todd Combs and Ted Weschler. As of Wednesday’s close, Apple shares have fallen 1.1 percent t


Teva Pharmaceutical climbed more than 10.5 percent Thursday morning after news late Wednesday that Warren Buffett’s Berkshire Hathaway disclosed a $358 million stake in the drugmaker as of the end of the fourth quarter. The quarterly filing also showed Berkshire increased its holdings of Apple by 23.3 percent. The purchase shows the influence of Buffett’s investment deputies, Berkshire portfolio managers Todd Combs and Ted Weschler. As of Wednesday’s close, Apple shares have fallen 1.1 percent t
Apple, Teva rip higher on Buffett’s Berkshire investments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-02-15  Authors: evelyn cheng, david a grogan
Keywords: news, cnbc, companies, apple, stake, buffetts, higher, rip, berkshire, vice, morning, teva, investor, chairman, conglomerates, investments, shares, hathaway


Apple, Teva rip higher on Buffett's Berkshire investments

The Oracle of Omaha still has a touch for stocks.

Teva Pharmaceutical climbed more than 10.5 percent Thursday morning after news late Wednesday that Warren Buffett’s Berkshire Hathaway disclosed a $358 million stake in the drugmaker as of the end of the fourth quarter.

The quarterly filing also showed Berkshire increased its holdings of Apple by 23.3 percent. Shares of the iPhone maker rose more than 2 percent in morning trading.

The purchase shows the influence of Buffett’s investment deputies, Berkshire portfolio managers Todd Combs and Ted Weschler. One of them — the billionaire investor has declined to identify him — was responsible for the conglomerate’s initial stake in Apple in 2016, and Buffett has added to it since then.

As of Wednesday’s close, Apple shares have fallen 1.1 percent this year but are up 23.5 percent over the last 12 months. Shares of Teva are up 2 percent so far this year and down 47.4 percent since last February.

Buffett is chairman of Berkshire Hathaway, and his business partner is 93-year-old vice chairman Charlie Munger. The conglomerate’s many subsidiaries include Duracell, Kraft Heinz and Geico.

In January, Berkshire announced the appointment of two new vice chairs, Gregory Abel and Ajit Jain. Buffett said on CNBC the move is “part of a movement to succession over time.” But the 87-year-old investor said the news had nothing to do with a change in his health.

— CNBC’s Liz Moyer, Matthew J. Belvedere and Berkeley Lovelace Jr. contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-02-15  Authors: evelyn cheng, david a grogan
Keywords: news, cnbc, companies, apple, stake, buffetts, higher, rip, berkshire, vice, morning, teva, investor, chairman, conglomerates, investments, shares, hathaway


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post