Facebook has created ‘too many adversaries,’ says analyst who just downgraded the stock

Stifel on Wednesday published a note saying it has lowered its rating for Facebook shares from “Buy” to “Hold,” saying political and regulatory blowback could restrict how the company operates in the long term. “Facebook’s management team has created too many adversaries — politicians/ regulators, tech leaders, consumers, and employees — to not experience long-term negative ramifications on its business,” the firm said in a note. Stifel also published the latest results from an on-going survey


Stifel on Wednesday published a note saying it has lowered its rating for Facebook shares from “Buy” to “Hold,” saying political and regulatory blowback could restrict how the company operates in the long term. “Facebook’s management team has created too many adversaries — politicians/ regulators, tech leaders, consumers, and employees — to not experience long-term negative ramifications on its business,” the firm said in a note. Stifel also published the latest results from an on-going survey
Facebook has created ‘too many adversaries,’ says analyst who just downgraded the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: salvador rodriguez, marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, firm, saying, created, note, published, adversaries, facebook, downgraded, shares, rating, stock, negative, results, analyst, survey


Facebook has created 'too many adversaries,' says analyst who just downgraded the stock

Stifel on Wednesday published a note saying it has lowered its rating for Facebook shares from “Buy” to “Hold,” saying political and regulatory blowback could restrict how the company operates in the long term.

“Facebook’s management team has created too many adversaries — politicians/ regulators, tech leaders, consumers, and employees — to not experience long-term negative ramifications on its business,” the firm said in a note.

The lower rating comes after a rough year in which Facebook has experienced numerous scandals, a 30-million user data breach, declining and stalling growth in key markets, an executive exodus and its worst stock performance since going public in 2012.

Stifel also published the latest results from an on-going survey of Facebook users.

The results showed 79 percent of those surveyed now believe Facebook’s impact on society is neutral or negative, compared to 73 percent in survey results published by the firm in January. The survey also found that 60 percent of respondents said they rarely or never used Facebook Stories, Marketplace or video, which are some of the company’s key new products.

Stifel said there is no downside to holding Facebook shares, but the firm no longer believes the company’s upside is what it once was.

“We believe Facebook will struggle to return to the company that it once was or that investors expected it to be in the long run,” the note reads. “We prefer Amazon, Alphabet, and Netflix, as U.S.-based mega caps with similar thematic trends and more stable operating environments.”


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: salvador rodriguez, marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, firm, saying, created, note, published, adversaries, facebook, downgraded, shares, rating, stock, negative, results, analyst, survey


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Iran vows to continue missile tests, dismissing US denunciations

Iran will continue missile tests to build up its defense and deterrence capabilities, a top military spokesman was quoted as saying on Sunday, following a U.S. allegation that Tehran had carried out a new missile test. U.S. Secretary of State Mike Pompeo on Saturday condemned what he described as Iran’s testing of a medium-range ballistic missile capable of carrying multiple warheads as a violation of the international agreement on Tehran’s nuclear program. “Missile tests … are carried out for


Iran will continue missile tests to build up its defense and deterrence capabilities, a top military spokesman was quoted as saying on Sunday, following a U.S. allegation that Tehran had carried out a new missile test. U.S. Secretary of State Mike Pompeo on Saturday condemned what he described as Iran’s testing of a medium-range ballistic missile capable of carrying multiple warheads as a violation of the international agreement on Tehran’s nuclear program. “Missile tests … are carried out for
Iran vows to continue missile tests, dismissing US denunciations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-02  Authors: atta kenare, afp, getty images
Keywords: news, cnbc, companies, iran, irans, defense, continue, deterrence, carried, spokesman, vows, saying, missile, tests, dismissing, denunciations, quoted


Iran vows to continue missile tests, dismissing US denunciations

Iran will continue missile tests to build up its defense and deterrence capabilities, a top military spokesman was quoted as saying on Sunday, following a U.S. allegation that Tehran had carried out a new missile test.

U.S. Secretary of State Mike Pompeo on Saturday condemned what he described as Iran’s testing of a medium-range ballistic missile capable of carrying multiple warheads as a violation of the international agreement on Tehran’s nuclear program.

“Missile tests … are carried out for defense and the country’s deterrence and we will continue this,” General Abolfazl Shekarchi, a senior spokesman for Iran’s armed forces, was quoted as saying by the semi-official Tasnim news agency. He did not confirm or deny that Iran had carried out a new test.


Company: cnbc, Activity: cnbc, Date: 2018-12-02  Authors: atta kenare, afp, getty images
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US files criminal charges against Autonomy’s Mike Lynch over HP sale: FT

The United States has filed criminal charges against Mike Lynch over the $11 billion sale of the British software company Autonomy to Hewlett-Packard seven years ago, the Financial Times reported on Friday. British entrepreneur Lynch co-founded Autonomy in 1996 and served as its CEO. The newspaper quoted lawyers for Lynch as saying the indictment was a “travesty of justice” and that he would contest the charges. The FT reported that Stephen Chamberlain, a former Autonomy finance executive, had a


The United States has filed criminal charges against Mike Lynch over the $11 billion sale of the British software company Autonomy to Hewlett-Packard seven years ago, the Financial Times reported on Friday. British entrepreneur Lynch co-founded Autonomy in 1996 and served as its CEO. The newspaper quoted lawyers for Lynch as saying the indictment was a “travesty of justice” and that he would contest the charges. The FT reported that Stephen Chamberlain, a former Autonomy finance executive, had a
US files criminal charges against Autonomy’s Mike Lynch over HP sale: FT Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: chris ratcliffe, bloomberg, getty images
Keywords: news, cnbc, companies, autonomy, saying, criminal, autonomys, lynch, mike, reported, newspaper, ft, sale, british, financial, charges, hp, files


US files criminal charges against Autonomy's Mike Lynch over HP sale: FT

The United States has filed criminal charges against Mike Lynch over the $11 billion sale of the British software company Autonomy to Hewlett-Packard seven years ago, the Financial Times reported on Friday.

The newspaper said that the charges carry a maximum penalty of 20 years in prison and include 14 counts of conspiracy and fraud.

British entrepreneur Lynch co-founded Autonomy in 1996 and served as its CEO. In 2011, the company was bought by HP for $11 billion in a move that was supposed to form the central part of the U.S. group’s move into software.

But the deal turned sour a year later when HP wrote off three-quarters of the British company’s value, accusing Lynch and his colleagues of financial mismanagement.

Lynch has always denied any wrongdoing. He could not be immediately reached for comment.

The newspaper quoted lawyers for Lynch as saying the indictment was a “travesty of justice” and that he would contest the charges.

HP has tried to sue Lynch while he countersued HP in 2015, saying at the time that “HP was simply incompetent in its operation of Autonomy, and the acquisition was doomed from the very beginning.” Those cases have been delayed by the criminal investigation in the U.S.

The FT reported that Stephen Chamberlain, a former Autonomy finance executive, had also been charged.

Lynch sits on the British government’s council for science and technology which advises Prime Minister Theresa May, the FT said.


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: chris ratcliffe, bloomberg, getty images
Keywords: news, cnbc, companies, autonomy, saying, criminal, autonomys, lynch, mike, reported, newspaper, ft, sale, british, financial, charges, hp, files


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Watch Putin and Saudi Crown Prince MBS exuberant handshake at G-20

And for years before that, a number of Putin’s critics have died from violence or other under unusual circumstances. While the CIA has “high confidence” that Crown Prince Mohammed ordered Khashoggi’s murder, Trump has given the crown prince — who denies doing so — the benefit of the doubt, saying last week that “maybe he did and maybe he didn’t!” “My people came to me, (Director of National Intelligence) Dan Coats came to me and some others. I have President Putin. “The damage inflicted by Presi


And for years before that, a number of Putin’s critics have died from violence or other under unusual circumstances. While the CIA has “high confidence” that Crown Prince Mohammed ordered Khashoggi’s murder, Trump has given the crown prince — who denies doing so — the benefit of the doubt, saying last week that “maybe he did and maybe he didn’t!” “My people came to me, (Director of National Intelligence) Dan Coats came to me and some others. I have President Putin. “The damage inflicted by Presi
Watch Putin and Saudi Crown Prince MBS exuberant handshake at G-20 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: dan mangan
Keywords: news, cnbc, companies, putin, saudi, trumps, handshake, exuberant, intelligence, saying, prince, summit, murder, say, crown, g20, trump, watch, president, russia, mbs


Watch Putin and Saudi Crown Prince MBS exuberant handshake at G-20

Here’s what the G-7 summit is all about 4:27 PM ET Tue, 14 Aug 2018 | 02:43

Yet, a Kremlin spokesman said Friday that Putin and Trump would hold a brief, impromptu meeting at the summit, even as the White House continued saying there was no scheduled meeting.

Putin was accused in September by Britain’s security minister of being “ultimately responsible” for the alleged attempt in May by Russian intelligence officers to murder former Russian double agent Sergei Skripal and his daughter in England with a nerve agent.

And for years before that, a number of Putin’s critics have died from violence or other under unusual circumstances.

While the CIA has “high confidence” that Crown Prince Mohammed ordered Khashoggi’s murder, Trump has given the crown prince — who denies doing so — the benefit of the doubt, saying last week that “maybe he did and maybe he didn’t!”

The president also has recently praised Saudi Arabia for falling oil prices even as outrage continues over the murder of Khashoggi, a resident of the United States who contributed to The Washington Post.

In July, Trump sparked outrage at a news conference in Helsinki, when he likewise sided with Putin, who was standing next to him, over American intelligence agencies who say Russia meddled in the election.

“My people came to me, (Director of National Intelligence) Dan Coats came to me and some others. They said they think it’s Russia. I have President Putin. He just said it’s not Russia. I will say this, I don’t see any reason why it would be,” Trump said.

The since-deceased Sen. John McCain, R-Ariz., said at the time that Trump’s joint news conference with Putin was “one of the most disgraceful performances by an American president in memory.”

“The damage inflicted by President Trump’s naivete, egotism, false equivalence, and sympathy for autocrats is difficult to calculate,” McCain said.


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: dan mangan
Keywords: news, cnbc, companies, putin, saudi, trumps, handshake, exuberant, intelligence, saying, prince, summit, murder, say, crown, g20, trump, watch, president, russia, mbs


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Cramer Remix: This company’s earnings could signal a weakening economy

Next Friday, a Labor Department report on U.S. job creation will bookend what Cramer expects to be an “exciting” week for stocks. “Between Trump’s meeting with President Xi over the weekend and the employment number on Friday, there’s a whole lot going on next week. With Saturday’s market-defining meeting in mind, Cramer turned to his game plan for the week ahead, which includes a key earnings report from Toll Brothers. Cramer said the high-performing homebuilder’s results would speak to the sta


Next Friday, a Labor Department report on U.S. job creation will bookend what Cramer expects to be an “exciting” week for stocks. “Between Trump’s meeting with President Xi over the weekend and the employment number on Friday, there’s a whole lot going on next week. With Saturday’s market-defining meeting in mind, Cramer turned to his game plan for the week ahead, which includes a key earnings report from Toll Brothers. Cramer said the high-performing homebuilder’s results would speak to the sta
Cramer Remix: This company’s earnings could signal a weakening economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: elizabeth gurdus, thomas peter, brendan mcdermid, f carter smith, bloomberg, getty images
Keywords: news, cnbc, companies, slowing, plan, signal, cramer, xi, economy, companys, week, report, remix, saying, president, earnings, weakening, toll, trade


Cramer Remix: This company's earnings could signal a weakening economy

Trade talks and the latest data on U.S. employment will color the week ahead for the stock market, CNBC’s Jim Cramer said Friday as stocks rallied on high hopes for a U.S.-China trade deal at the weekend’s G-20 summit.

President Donald Trump is planning to meet with Chinese President Xi Jinping at the Buenos Aires, Argentina gathering on Saturday to discuss what has amounted to an ever-escalating trade war between the two nations. Next Friday, a Labor Department report on U.S. job creation will bookend what Cramer expects to be an “exciting” week for stocks.

“Between Trump’s meeting with President Xi over the weekend and the employment number on Friday, there’s a whole lot going on next week. Let’s just hope it’s not too exciting,” the “Mad Money” host said.

With Saturday’s market-defining meeting in mind, Cramer turned to his game plan for the week ahead, which includes a key earnings report from Toll Brothers.

Cramer said the high-performing homebuilder’s results would speak to the state of the U.S. economy as told by housing, which is slowing on many measures. As such, Toll Brothers’ earnings report would likely “tell a tale of both strength and weakness,” he said.

“Remember, I’m not saying the economy overall is weak, I’m saying it’s weaker than it’s been, and one of the reasons is the slowing housing market,” Cramer explained. “I bet Toll confirms my view, particularly on the coasts.”

Click here for Cramer’s full game plan.


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: elizabeth gurdus, thomas peter, brendan mcdermid, f carter smith, bloomberg, getty images
Keywords: news, cnbc, companies, slowing, plan, signal, cramer, xi, economy, companys, week, report, remix, saying, president, earnings, weakening, toll, trade


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Apple’s November rout worsens after Trump says US could place 10% tariff on iPhones

Apple shares fell in Tuesday’s premarket, a day after President Donald Trump suggested the U.S. could place a 10 percent tariff on iPhones and laptops made in China. Trump told The Wall Street Journal that “people could stand” that tariff rate “very easily.” Apple’s products are exempt from the tariffs,but that could change when Trump adds another $267 billion worth of tariffs on Chinese goods. Bernstein analyst Tony Sacconaghi broke down Apple’s revenue, saying on CNBC’s “Squawk Box” that “25 p


Apple shares fell in Tuesday’s premarket, a day after President Donald Trump suggested the U.S. could place a 10 percent tariff on iPhones and laptops made in China. Trump told The Wall Street Journal that “people could stand” that tariff rate “very easily.” Apple’s products are exempt from the tariffs,but that could change when Trump adds another $267 billion worth of tariffs on Chinese goods. Bernstein analyst Tony Sacconaghi broke down Apple’s revenue, saying on CNBC’s “Squawk Box” that “25 p
Apple’s November rout worsens after Trump says US could place 10% tariff on iPhones Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: michael sheetz
Keywords: news, cnbc, companies, chinese, trump, sacconaghi, 25, shares, rout, tariffs, apples, tariff, revenue, place, saying, iphones, worsens


Apple's November rout worsens after Trump says US could place 10% tariff on iPhones

Apple shares fell in Tuesday’s premarket, a day after President Donald Trump suggested the U.S. could place a 10 percent tariff on iPhones and laptops made in China.

Trump told The Wall Street Journal that “people could stand” that tariff rate “very easily.”

Apple shares, which are already down 20 percent this month, fell by 1.8 percent in premarket trading Tuesday.

Trump also said it is “highly unlikely” he would delay an increase in overall tariffs at the beginning of next year to 25 percent from 10 percent. Trump is scheduled to meet with Chinese President Xi Jinping in three days at the G-20 summit.

Apple’s products are exempt from the tariffs,but that could change when Trump adds another $267 billion worth of tariffs on Chinese goods.

Bernstein analyst Tony Sacconaghi broke down Apple’s revenue, saying on CNBC’s “Squawk Box” that “25 percent of Apple’s revenue, call it $50 billion, would be subject to a 10 or 25 percent tariff.”

If Trump continues to raise tariffs on Chinese goods, Sacconaghi said, the biggest question is “how is China going to respond?”

“Could they try to disrupt Apple’s supply chain in some way? Could they not authorize new phones for sale in the country? There are many things that China could do and that could ultimately be even more devastating,” Sacconaghi said.

Elsewhere on Tuesday, RBC Capital Markets lowered its Apple price target to $235 a share, saying there are “sustained datapoints around soft iPhone demand from supply-chain and others.”

“While AAPL stock has substantially corrected (down 21% since the company reported vs. S&P500 down 2%), we think investors will wait for datapoints/noise level to stabilize before getting more positive on the name,” RBC’s Amit Daryanani said in a note to investors.

Watch: Steve Jobs explains the iPhone to CNBC in 2007


Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: michael sheetz
Keywords: news, cnbc, companies, chinese, trump, sacconaghi, 25, shares, rout, tariffs, apples, tariff, revenue, place, saying, iphones, worsens


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IBM CEO Ginni Rometty calls for regulation of tech companies

IBM CEO Ginni Rometty is calling for regulation of tech companies like Facebook, Google and Amazon, according to prepared remarks she delivered at an event in Brussels Monday at an event for the EU Commission. Rometty’s speech follows Apple CEO Tim Cook’s lead in demanding regulation of their tech peers. “In regulating tech, government needs to focus on fixing the real problem,” Rometty said in her prepared remarks. Without naming names, Rometty took aim at companies that provide platforms for p


IBM CEO Ginni Rometty is calling for regulation of tech companies like Facebook, Google and Amazon, according to prepared remarks she delivered at an event in Brussels Monday at an event for the EU Commission. Rometty’s speech follows Apple CEO Tim Cook’s lead in demanding regulation of their tech peers. “In regulating tech, government needs to focus on fixing the real problem,” Rometty said in her prepared remarks. Without naming names, Rometty took aim at companies that provide platforms for p
IBM CEO Ginni Rometty calls for regulation of tech companies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: lauren feiner, jodi gralnick
Keywords: news, cnbc, companies, ceo, speech, rometty, calls, ginni, companies, public, tech, ibm, prepared, remarks, saying, privacy, regulation


IBM CEO Ginni Rometty calls for regulation of tech companies

IBM CEO Ginni Rometty is calling for regulation of tech companies like Facebook, Google and Amazon, according to prepared remarks she delivered at an event in Brussels Monday at an event for the EU Commission.

Rometty’s speech follows Apple CEO Tim Cook’s lead in demanding regulation of their tech peers. Last month, Cook delivered a keynote speech at a privacy conference in Brussels, saying, “We at Apple are in full support of a comprehensive federal privacy law in the United States.”

Rometty’s call focuses on consumer-facing companies in particular. IBM, by contrast, mainly serves other businesses.

“In regulating tech, government needs to focus on fixing the real problem,” Rometty said in her prepared remarks. “And that is the irresponsible handling of personal data by a few dominant consumer-facing platform companies. Addressing the weakest link – should not define the digital economy.”

Without naming names, Rometty took aim at companies that provide platforms for public opinion, saying they need to be held accountable for the information they distribute.

“On liability, new thinking is needed,” Rometty said in her remarks. “Collectively, dominant online platforms have more power to shape public opinion than newspapers or the television ever had, yet they face very little regulation or liability.”

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: lauren feiner, jodi gralnick
Keywords: news, cnbc, companies, ceo, speech, rometty, calls, ginni, companies, public, tech, ibm, prepared, remarks, saying, privacy, regulation


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Bull Tony Dwyer lists 3 reasons why now is not the time get bearish

Even if the market sell-off worsens, one of Wall Street’s biggest bulls says now is not the time to turn negative. Canaccord Genuity’s Tony Dwyer considers it his most important investment advice in this wild market. Dwyer began warning investors in July that market conditions were pointing to a correction. There’s too many people that are saying pro-U.S.”Those comments were made on a day when the S&P 500 closed at 2,901.61. His S&P year-end target was 3,200 until Oct. 26, when he downgraded it


Even if the market sell-off worsens, one of Wall Street’s biggest bulls says now is not the time to turn negative. Canaccord Genuity’s Tony Dwyer considers it his most important investment advice in this wild market. Dwyer began warning investors in July that market conditions were pointing to a correction. There’s too many people that are saying pro-U.S.”Those comments were made on a day when the S&P 500 closed at 2,901.61. His S&P year-end target was 3,200 until Oct. 26, when he downgraded it
Bull Tony Dwyer lists 3 reasons why now is not the time get bearish Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: stephanie landsman, adam jeffery, patrick t fallon, bloomberg, getty images, timothy fadek, jonathan alcorn, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, index, investors, thats, bearish, tony, bull, sp, market, streets, theres, oct, saying, lists, reasons, dwyer


Bull Tony Dwyer lists 3 reasons why now is not the time get bearish

Even if the market sell-off worsens, one of Wall Street’s biggest bulls says now is not the time to turn negative.

Canaccord Genuity’s Tony Dwyer considers it his most important investment advice in this wild market.

“I’ve been one of the biggest bulls during throughout this entire cycle,” he said last week on CNBC’s “Trading Nation,” “I’m going to remain that way until you invert the yield curve, shut down credit and the Fed takes us into recession. We are still just not there yet.”

Yet, he did see trouble ahead earlier this year. Dwyer began warning investors in July that market conditions were pointing to a correction. It’s a prediction he intensified this fall as the market was surging to all-time highs.

By early October, Dwyer saw signs the rally was cracking, and he became one of the Street’s first strategists to warn investors that a correction was underway.

“Corrections happen when there’s excessive optimism and low volatility,” he said Oct. 4 on CNBC’s “Fast Money.” “Bullish newsletter writers again have been over 60 percent. That’s just too much. There’s too many people that are saying pro-U.S.”

Those comments were made on a day when the S&P 500 closed at 2,901.61. Since then, the index has dropped 9.7 percent. The S&P is now down 1.54 percent this year and more than 10 percent from its intraday record high hit on Sept. 21.

“This has been one of the nastiest corrections that we’ve seen just in terms of how sharp the decline has been,” he said. “We’re in the process of retesting those lows.”

His S&P year-end target was 3,200 until Oct. 26, when he downgraded it to a range of 2,900 to 2,950. Now, he believes the index will hit 3,200 early next year. That’s still roughly a 20 percent leap from current levels.

However, that doesn’t mean there won’t be any more setbacks.

“I’m not saying that every tick from here is going to be higher,” Dwyer said, adding that historical trends indicate investors should be able to recapture their losses relatively quickly.


Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: stephanie landsman, adam jeffery, patrick t fallon, bloomberg, getty images, timothy fadek, jonathan alcorn, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, index, investors, thats, bearish, tony, bull, sp, market, streets, theres, oct, saying, lists, reasons, dwyer


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Recession fears rise as markets whipsaw — Here’s what 13 experts are saying about the next economic downturn

The U.S. stock market went on a wild ride during this week’s sharp sell-offs, and that has some market experts discussing recession forecasts. “Recession fears are escalating here — perhaps for good reason,” The Leuthold’s Groups Jim Paulsen said on Tuesday, adding: “You’re seeing increasing concern in the market about recession. I think that’s feeding through into Fed probabilities, and I think that’s one of the things that driving this market down.” Most economists on Wall Street still believe


The U.S. stock market went on a wild ride during this week’s sharp sell-offs, and that has some market experts discussing recession forecasts. “Recession fears are escalating here — perhaps for good reason,” The Leuthold’s Groups Jim Paulsen said on Tuesday, adding: “You’re seeing increasing concern in the market about recession. I think that’s feeding through into Fed probabilities, and I think that’s one of the things that driving this market down.” Most economists on Wall Street still believe
Recession fears rise as markets whipsaw — Here’s what 13 experts are saying about the next economic downturn Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: natalie zhang, drew angerer, getty images
Keywords: news, cnbc, companies, youre, market, saying, markets, fears, experts, recession, think, stock, worried, rise, heres, economic, downturn, whipsaw, wont, wild, thats


Recession fears rise as markets whipsaw — Here's what 13 experts are saying about the next economic downturn

The U.S. stock market went on a wild ride during this week’s sharp sell-offs, and that has some market experts discussing recession forecasts.

“Recession fears are escalating here — perhaps for good reason,” The Leuthold’s Groups Jim Paulsen said on Tuesday, adding: “You’re seeing increasing concern in the market about recession. I think that’s feeding through into Fed probabilities, and I think that’s one of the things that driving this market down.”

Most economists on Wall Street still believe a recession won’t occur until 2020 or later but they are getting increasingly worried about economic conditions and higher rates as the stock market sells off.

Here’s what 13 experts had to say about the next recession.


Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: natalie zhang, drew angerer, getty images
Keywords: news, cnbc, companies, youre, market, saying, markets, fears, experts, recession, think, stock, worried, rise, heres, economic, downturn, whipsaw, wont, wild, thats


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Trump says breaking with Saudi Arabia would send oil prices ‘through the roof’

President Donald Trump on Tuesday linked his decision to continue backing Saudi Arabia — despite the murder of a U.S. resident by Saudi agents — to his desire to keep oil prices low. “Saudi Arabia, if we broke with them, I think your oil prices would go through the roof,” Trump told reporters on Tuesday. Trump issued a statement earlier on Tuesday saying the United States stands by Saudi Arabia after agents of the kingdom killed U.S. resident and journalist Jamal Khashoggi in a Saudi consulate i


President Donald Trump on Tuesday linked his decision to continue backing Saudi Arabia — despite the murder of a U.S. resident by Saudi agents — to his desire to keep oil prices low. “Saudi Arabia, if we broke with them, I think your oil prices would go through the roof,” Trump told reporters on Tuesday. Trump issued a statement earlier on Tuesday saying the United States stands by Saudi Arabia after agents of the kingdom killed U.S. resident and journalist Jamal Khashoggi in a Saudi consulate i
Trump says breaking with Saudi Arabia would send oil prices ‘through the roof’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: tom dichristopher, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, saying, statement, maybe, trump, breaking, send, arabia, resident, roof, saudi, prices, oil, agents


Trump says breaking with Saudi Arabia would send oil prices 'through the roof'

President Donald Trump on Tuesday linked his decision to continue backing Saudi Arabia — despite the murder of a U.S. resident by Saudi agents — to his desire to keep oil prices low.

“Saudi Arabia, if we broke with them, I think your oil prices would go through the roof,” Trump told reporters on Tuesday. “I’ve kept them down. They’ve helped me keep them down.”

Trump issued a statement earlier on Tuesday saying the United States stands by Saudi Arabia after agents of the kingdom killed U.S. resident and journalist Jamal Khashoggi in a Saudi consulate in Istanbul, Turkey.

The CIA has reportedly concluded that Crown Prince Mohammed bin Salman, an ally to the Trump administration, ordered Khashoggi’s death. On Tuesday, Trump cast doubt on that assessment, saying in his statement “maybe he did and maybe he didn’t!”


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: tom dichristopher, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, saying, statement, maybe, trump, breaking, send, arabia, resident, roof, saudi, prices, oil, agents


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