Fed Chair Powell: ‘The law is clear,’ Trump can’t fire me

Federal Reserve Chairman Jerome Powell said in an interview aired Sunday that he does not think he can be fired by President Donald Trump. While continuing to avoid direct comment on the president’s withering criticism of central bank interest rate policy, Powell told CBS’ “60 Minutes” that Trump can’t remove him from office. “The law is clear that I have a four-year term, and I fully intend to serve it,” Powell told the news magazine show. The Fed under Powell unanimously approved four rate hik


Federal Reserve Chairman Jerome Powell said in an interview aired Sunday that he does not think he can be fired by President Donald Trump. While continuing to avoid direct comment on the president’s withering criticism of central bank interest rate policy, Powell told CBS’ “60 Minutes” that Trump can’t remove him from office. “The law is clear that I have a four-year term, and I fully intend to serve it,” Powell told the news magazine show. The Fed under Powell unanimously approved four rate hik
Fed Chair Powell: ‘The law is clear,’ Trump can’t fire me Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: jeff cox
Keywords: news, cnbc, companies, hikes, cant, term, law, chair, powell, clear, policy, rate, fed, presidents, told, yellen, trump


Fed Chair Powell: 'The law is clear,' Trump can't fire me

Federal Reserve Chairman Jerome Powell said in an interview aired Sunday that he does not think he can be fired by President Donald Trump.

While continuing to avoid direct comment on the president’s withering criticism of central bank interest rate policy, Powell told CBS’ “60 Minutes” that Trump can’t remove him from office.

“The law is clear that I have a four-year term, and I fully intend to serve it,” Powell told the news magazine show. Asked directly if he thought Trump could fire him, he said, “no.”

A series of interest rate hikes in 2018 drew the president’s wrath, even though he nominated Powell to the Fed position after choosing not to put up former Chair Janet Yellen for a second term. The Fed under Powell unanimously approved four rate hikes in 2018, continuing a move toward policy normalization that Yellen began in December 2015. Trump has said the rate hikes are the biggest threat to U.S. growth.

During that period, the U.S. saw its best economic gains in a recovery that began in mid-2009. GDP rose nearly 3 percent for the year, though most economists see that cooling off in the years ahead.

In that regard, Powell reiterated the Fed’s recently stated position that it can be patient when it comes to the future path of the policy as it watches the incoming data. Friday’s nonfarms payrolls report indicated a gain of just 20,000, helping to ratify concerns that the first quarter will show little, if any, economic growth.

Powell said that the Fed, while likely on hold for a while, will be making its policy decisions based on the data and not on political considerations.

“We are directed to execute policy in a strictly nonpolitical way, serving all Americans, and that’s what we do,” he said. “We are independent in that sense.”

Powell told “60 Minutes” anchor Scott Pelley that he thinks the economy is still strong, though he acknowledged that weakness around the world could start to hit the U.S.

“I would say there’s no reason why this economy cannot continue to expand,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: jeff cox
Keywords: news, cnbc, companies, hikes, cant, term, law, chair, powell, clear, policy, rate, fed, presidents, told, yellen, trump


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Facebook upgraded by Nomura Instinet, boosting share prices

Facebook shares were upgraded to buy from neutral by Nomura Instinet on Monday, citing a faster-than-expected transition by consumers to the social media company’s Stories format and its new focus on messaging. The firm also raised its price target on Facebook to $215 from $172. “We based our downgrade of FB shares to Neutral last year on our view that the transition to Stories would take more time than bulls expected. Facebook shares have roared back by 29 percent in 2019, yet are still down mo


Facebook shares were upgraded to buy from neutral by Nomura Instinet on Monday, citing a faster-than-expected transition by consumers to the social media company’s Stories format and its new focus on messaging. The firm also raised its price target on Facebook to $215 from $172. “We based our downgrade of FB shares to Neutral last year on our view that the transition to Stories would take more time than bulls expected. Facebook shares have roared back by 29 percent in 2019, yet are still down mo
Facebook upgraded by Nomura Instinet, boosting share prices Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: john melloy
Keywords: news, cnbc, companies, transition, nomura, term, instinet, facebook, boosting, stock, shares, increased, kelley, neutral, upgraded, share, regulation, prices


Facebook upgraded by Nomura Instinet, boosting share prices

Facebook shares were upgraded to buy from neutral by Nomura Instinet on Monday, citing a faster-than-expected transition by consumers to the social media company’s Stories format and its new focus on messaging.

The firm also raised its price target on Facebook to $215 from $172. The stock was up 1.5 percent Monday in premarket trading to $172.10.

“We based our downgrade of FB shares to Neutral last year on our view that the transition to Stories would take more time than bulls expected. However, as we heard at industry events earlier this year and in our own conversations, the transition appears to be occurring more quickly than we expected, lessening our concern,” analyst Mark Kelley said in a note.

“Mark Zuckerberg’s recent blog post also suggested that engagement could improve as the company looks to focus on encrypted and ephemeral messaging across properties, in addition to the current core functionality,” Kelley added.

Facebook shares have roared back by 29 percent in 2019, yet are still down more than 8 percent for the last 12 months as investors question whether the company will face increased regulation that will hurt growth because of privacy concerns.

The Instinet analyst thinks increased regulation will be a “net positive for large platforms like” Facebook over the long term but it could continue to weigh on the stock in the short term.

— With reporting by CNBC’s Michael Bloom


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: john melloy
Keywords: news, cnbc, companies, transition, nomura, term, instinet, facebook, boosting, stock, shares, increased, kelley, neutral, upgraded, share, regulation, prices


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Three stocks lagging the market this year to play for a breakout

For investors looking to get in on the historic rally, one technician has three stocks you can still buy. “The theme here being stocks that have a history of growing their dividend – more quality stocks,” Ari Wald, head of technical analysis at Oppenheimer, said Monday on CNBC’s “Trading Nation.” However, Wald noted that the stock’s ability to hold above its key 200-day moving average of late suggests it’s a “near-term opportunity to buy long-term strength.” “It could get ripped around with the


For investors looking to get in on the historic rally, one technician has three stocks you can still buy. “The theme here being stocks that have a history of growing their dividend – more quality stocks,” Ari Wald, head of technical analysis at Oppenheimer, said Monday on CNBC’s “Trading Nation.” However, Wald noted that the stock’s ability to hold above its key 200-day moving average of late suggests it’s a “near-term opportunity to buy long-term strength.” “It could get ripped around with the
Three stocks lagging the market this year to play for a breakout Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: nia warfield, brendan mcdermid, adam jeffery, alex wong, getty images, jim young, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, investors, play, suggests, market, way, wald, technician, term, trading, sanchez, lagging, stocks, breakout


Three stocks lagging the market this year to play for a breakout

This is the best way to play catch-up to the market rally this year: traders 3:58 PM ET Mon, 4 March 2019 | 03:31

Stocks just closed out the best two-month start to a year in decades, as the S&P 500 has surged 11 percent in 2019. For investors looking to get in on the historic rally, one technician has three stocks you can still buy.

“The theme here being stocks that have a history of growing their dividend – more quality stocks,” Ari Wald, head of technical analysis at Oppenheimer, said Monday on CNBC’s “Trading Nation.”

Healthy returns

Wald first recommends health-care giant Pfizer, which has underperformed the S&P 500 off the December lows, up just 6 percent compared with the broader market’s gain of 19 percent. However, Wald noted that the stock’s ability to hold above its key 200-day moving average of late suggests it’s a “near-term opportunity to buy long-term strength.” Pfizer shares are up 19 percent over the last 12 months.

Trading on the exchange

Additionally, Wald is bullish on the marketplace exchanges, noting that from a technical standpoint shares of CME Group, which are down more than 5 percent year to date, are now showing signs of recovery.

“We like security exchanges broadly and we would use this pullback in CME into its rising 200-day moving average again as an opportunity to build a position,” he said.

Nothing runs like a Deere

Wald looks to the industrial space as a third pick. Industrials are up 18 percent this year, and the technician believes Deere could be set to race higher. The stock has rallied more than 11 percent this year and is up more than 20 percent off the December lows. “We want to own this one on a longer-term basis on the potential for a breakout above its peak levels from early in 2018,” Wald said. “It could get ripped around with the market a little bit near term, but I think longer term you want to play for that break out — buy Deere.”

Gina Sanchez, founder of Chantico Global, advises investors to remain on the defensive in the current trading climate. She warns that while corporate earnings are predicted to stay strong and the temporary pause in rate hikes may appear to be positive catalysts, the underlying message suggests “the economy is not strong enough to continue hiking.”

Despite being the worst-performing sector this year, Sanchez also suggests the health-care sector as a safer way for investors to play the market.

“You probably need to go looking for things that people absolutely must have and must spend their money on,” Sanchez said. “Health care definitely qualifies as one of those.”


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: nia warfield, brendan mcdermid, adam jeffery, alex wong, getty images, jim young, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, investors, play, suggests, market, way, wald, technician, term, trading, sanchez, lagging, stocks, breakout


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump, Lighthizer dispute may result in ‘inadequate’ and ‘weak’ US-China trade deal, expert says

With strains showing up in the relationship between the U.S. President Donald Trump and his Trade Representative Robert Lighthizer, one expert has expressed concerns that Trump would settle for an “inadequate” and “weak” deal with China. The comment by Niall Ferguson, senior fellow at the Hoover Institution at Stanford University, came after several public disputes between the president and Lighthizer on matters related to the U.S.-China trade war. Lighthizer gave in after some back-and-forth wi


With strains showing up in the relationship between the U.S. President Donald Trump and his Trade Representative Robert Lighthizer, one expert has expressed concerns that Trump would settle for an “inadequate” and “weak” deal with China. The comment by Niall Ferguson, senior fellow at the Hoover Institution at Stanford University, came after several public disputes between the president and Lighthizer on matters related to the U.S.-China trade war. Lighthizer gave in after some back-and-forth wi
Trump, Lighthizer dispute may result in ‘inadequate’ and ‘weak’ US-China trade deal, expert says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: yen nee lee
Keywords: news, cnbc, companies, trump, lighthizer, inadequate, expert, president, term, uschina, dispute, deal, robert, phrase, weak, result, trade, overrule


Trump, Lighthizer dispute may result in 'inadequate' and 'weak' US-China trade deal, expert says

With strains showing up in the relationship between the U.S. President Donald Trump and his Trade Representative Robert Lighthizer, one expert has expressed concerns that Trump would settle for an “inadequate” and “weak” deal with China.

The comment by Niall Ferguson, senior fellow at the Hoover Institution at Stanford University, came after several public disputes between the president and Lighthizer on matters related to the U.S.-China trade war.

Last week, Trump and Lighthizer sparred in front of journalists — and Chinese representatives led by Vice Premier Liu He — over whether “memorandum of understanding” is the right phrase to term the agreement that the U.S. and China are negotiating.

The two sides were reportedly drawing up six MOUs which would form the building blocks of a final deal. But Trump objected to the use of the term, arguing that “they don’t mean anything.” Lighthizer gave in after some back-and-forth with his boss and opted to use “trade agreement” instead.

“I think the big question … is whether or not President Trump is going to overrule Robert Lighthizer and take a deal that Lighthizer would regard as inadequate, as weak. I very much hope he doesn’t do that because Robert Lighthizer has been doing an excellent job driving a very hard bargain and when Lighthizer says we’re not there yet, I take that very seriously,” Ferguson told CNBC’s “Closing Bell” on Wednesday.

“We saw just the other day the president has the power to overrule [Lighthizer], even in the terminology of the deal … Robert Lighthizer had to very quickly drop that phrase and get on with the Trumpian language like a ‘trade deal,'” he added.


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: yen nee lee
Keywords: news, cnbc, companies, trump, lighthizer, inadequate, expert, president, term, uschina, dispute, deal, robert, phrase, weak, result, trade, overrule


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Michael Cohen’s testimony gives both sides fodder in impeachment fight

Michael Cohen’s gripping congressional hearing fueled even more talk about Democrats’ potential plans to pursue the impeachment and removal of President Donald Trump. Only Republicans brought up impeachment during the hearing — a telling omission from the Democrats’ wide-ranging lines of inquiry that suggests a cautious approach to the politically volatile subject. Rep. Clay Higgins, R-La., spent a portion of his cross-examination time castigating Democrats for allowing Cohen to appear publicly


Michael Cohen’s gripping congressional hearing fueled even more talk about Democrats’ potential plans to pursue the impeachment and removal of President Donald Trump. Only Republicans brought up impeachment during the hearing — a telling omission from the Democrats’ wide-ranging lines of inquiry that suggests a cautious approach to the politically volatile subject. Rep. Clay Higgins, R-La., spent a portion of his cross-examination time castigating Democrats for allowing Cohen to appear publicly
Michael Cohen’s testimony gives both sides fodder in impeachment fight Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: kevin breuninger, alex wong, getty images news, getty images
Keywords: news, cnbc, companies, democrats, fodder, trump, testimony, republicans, impeachment, sides, cohens, trumps, term, cohen, michael, think, fight, plans, gives


Michael Cohen's testimony gives both sides fodder in impeachment fight

Michael Cohen’s gripping congressional hearing fueled even more talk about Democrats’ potential plans to pursue the impeachment and removal of President Donald Trump.

But in the near term, it’s not clear which side gained more from the testimony of Trump’s former personal attorney and fixer: the president’s Democratic opponents in Congress, who zeroed in on Cohen’s claims that Trump committed illegal acts after taking office; or Trump’s Republican defenders, who highlighted Cohen’s lack of evidence that the Trump campaign colluded with Russia in 2016.

Cohen testified before the House Oversight Committee on Wednesday, a few months before he’s scheduled to start his three-year prison term for campaign-finance violations and tax evasion and lying to Congress in 2017 about a failed Trump Organization plan to build a tower in Moscow.

The former Trump loyalist’s remarks began with a bang. Cohen said Trump is a “racist” and a “con man” who knew in advance about WikiLeaks’ plans to publish stolen Democrats’ emails during the election and secretly reimbursed him for hush-money payments made to a porn star after entering the White House. Cohen provided copies of financial statements and checks, alleged schemes to manipulate the value of Trump’s assets for financial gain, and delved into the threats he says he made to various people and institutions to benefit Trump.

Only Republicans brought up impeachment during the hearing — a telling omission from the Democrats’ wide-ranging lines of inquiry that suggests a cautious approach to the politically volatile subject.

Rep. Clay Higgins, R-La., spent a portion of his cross-examination time castigating Democrats for allowing Cohen to appear publicly in the first place.

“This is an attempt to damage our president and set some soft cornerstone for future impeachment proceedings, this is the full intent of the majority,” he fumed.

Other Republicans echoed Higgins’ accusation.

“I do not think you could believe much of what this guy says,” Ohio Rep. Jim Jordan, the Oversight Committee’s ranking Republican, said of Cohen in a “Fox News” interview Wednesday. “What I do think was going on today is that this was the first step in the Democrats’ crazy impeachment plans.”


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: kevin breuninger, alex wong, getty images news, getty images
Keywords: news, cnbc, companies, democrats, fodder, trump, testimony, republicans, impeachment, sides, cohens, trumps, term, cohen, michael, think, fight, plans, gives


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

US, China extend trade talks as Trump and Xi express optimism

Liu echoed Trump’s outlook, saying that a trade deal was “very likely” from China’s perspective. Markets, which initially pared their gains on reports of Trump’s remarks after the meeting with Liu, quickly recovered as both sides of the ongoing trade negotiations signaled that a trade deal was on the horizon. Trump also said he would be willing to extend the March 1 deadline previously set for the trade talks to conclude, “if I see substantial progress being made.” Towards the end of the press e


Liu echoed Trump’s outlook, saying that a trade deal was “very likely” from China’s perspective. Markets, which initially pared their gains on reports of Trump’s remarks after the meeting with Liu, quickly recovered as both sides of the ongoing trade negotiations signaled that a trade deal was on the horizon. Trump also said he would be willing to extend the March 1 deadline previously set for the trade talks to conclude, “if I see substantial progress being made.” Towards the end of the press e
US, China extend trade talks as Trump and Xi express optimism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: christina wilkie, carlos barria
Keywords: news, cnbc, companies, trump, understanding, term, lighthizer, mou, extend, contract, trumps, express, think, china, talks, trade, xi, deal, optimism


US, China extend trade talks as Trump and Xi express optimism

“I think we’re making a lot of progress,” Trump said, adding that there was a “very good chance a deal could be made.”

Liu echoed Trump’s outlook, saying that a trade deal was “very likely” from China’s perspective.

Markets, which initially pared their gains on reports of Trump’s remarks after the meeting with Liu, quickly recovered as both sides of the ongoing trade negotiations signaled that a trade deal was on the horizon.

U.S. Trade Representative Robert Lighthizer, who also attended the Oval Office meeting, said negotiations had moved forward, but noted that “a few very big hurdles” remained.

Trump also said he would be willing to extend the March 1 deadline previously set for the trade talks to conclude, “if I see substantial progress being made.” He added, “If we’re doing well, I could see extending that.”

Towards the end of the press event, Trump and Lighthizer publicly sparred over what to call the agreement currently being negotiated. Traditionally, bilateral trade deals between nations have been inked with memoranda of understanding, or MOUs rather than legally binding contracts, given the diversity of legal systems around the world.

“An MOU is a contract, it’s the way trade agreements are generally used,” Lighthizer said in response to a reporter’s question about whether the MOU currently being hashed out between the U.S. and China would be short term or longer term.

“I disagree,” Trump replied. “I think that a MOU is not a contract to the extent that we want…To me the final contract is really the thing, Bob. To me, MOUs don’t mean anything.”

Rather than openly disagree with the president in public, Lightheizer simply agreed to call the same deal by a different name.

“From now on, we’re not using the term memorandum of understanding anymore,” Lighthizer said. “We’re going to use the term trade agreement. We’ll have the same document, but it’s going to be known as a trade agreement.”

While the two sides remain far from reconciling their disputes over forced technology transfers and what the U.S. alleges is China’s theft of its intellectual property, sources confirmed to CNBC on Friday that China has committed to buying $1.2 trillion in U.S. goods.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: christina wilkie, carlos barria
Keywords: news, cnbc, companies, trump, understanding, term, lighthizer, mou, extend, contract, trumps, express, think, china, talks, trade, xi, deal, optimism


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

US, China extend trade talks as Trump and Xi express optimism

Liu echoed Trump’s outlook, saying that a trade deal was “very likely” from China’s perspective. Markets, which initially pared their gains on reports of Trump’s remarks after the meeting with Liu, quickly recovered as both sides of the ongoing trade negotiations signaled that a trade deal was on the horizon. Trump also said he would be willing to extend the March 1 deadline previously set for the trade talks to conclude, “if I see substantial progress being made.” Towards the end of the press e


Liu echoed Trump’s outlook, saying that a trade deal was “very likely” from China’s perspective. Markets, which initially pared their gains on reports of Trump’s remarks after the meeting with Liu, quickly recovered as both sides of the ongoing trade negotiations signaled that a trade deal was on the horizon. Trump also said he would be willing to extend the March 1 deadline previously set for the trade talks to conclude, “if I see substantial progress being made.” Towards the end of the press e
US, China extend trade talks as Trump and Xi express optimism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: christina wilkie, carlos barria
Keywords: news, cnbc, companies, trump, understanding, term, lighthizer, mou, extend, contract, trumps, express, think, china, talks, trade, xi, deal, optimism


US, China extend trade talks as Trump and Xi express optimism

“I think we’re making a lot of progress,” Trump said, adding that there was a “very good chance a deal could be made.”

Liu echoed Trump’s outlook, saying that a trade deal was “very likely” from China’s perspective.

Markets, which initially pared their gains on reports of Trump’s remarks after the meeting with Liu, quickly recovered as both sides of the ongoing trade negotiations signaled that a trade deal was on the horizon.

U.S. Trade Representative Robert Lighthizer, who also attended the Oval Office meeting, said negotiations had moved forward, but noted that “a few very big hurdles” remained.

Trump also said he would be willing to extend the March 1 deadline previously set for the trade talks to conclude, “if I see substantial progress being made.” He added, “If we’re doing well, I could see extending that.”

Towards the end of the press event, Trump and Lighthizer publicly sparred over what to call the agreement currently being negotiated. Traditionally, bilateral trade deals between nations have been inked with memoranda of understanding, or MOUs rather than legally binding contracts, given the diversity of legal systems around the world.

“An MOU is a contract, it’s the way trade agreements are generally used,” Lighthizer said in response to a reporter’s question about whether the MOU currently being hashed out between the U.S. and China would be short term or longer term.

“I disagree,” Trump replied. “I think that a MOU is not a contract to the extent that we want…To me the final contract is really the thing, Bob. To me, MOUs don’t mean anything.”

Rather than openly disagree with the president in public, Lightheizer simply agreed to call the same deal by a different name.

“From now on, we’re not using the term memorandum of understanding anymore,” Lighthizer said. “We’re going to use the term trade agreement. We’ll have the same document, but it’s going to be known as a trade agreement.”

While the two sides remain far from reconciling their disputes over forced technology transfers and what the U.S. alleges is China’s theft of its intellectual property, sources confirmed to CNBC on Friday that China has committed to buying $1.2 trillion in U.S. goods.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: christina wilkie, carlos barria
Keywords: news, cnbc, companies, trump, understanding, term, lighthizer, mou, extend, contract, trumps, express, think, china, talks, trade, xi, deal, optimism


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

‘Panic buying’ likely to drive stock market higher in the near term

Stocks could get a short-term boost as fear of missing out on gains leads more investors to plow more money into the U.S. equity market, analysts said. The S&P 500 rose more than 2 percent last week, posting its seventh weekly gain in the last eight. The surge in stocks comes as investors increasingly bet China and the U.S. will strike a trade deal in the near future. “It seems a ‘panic buying’ mood, with purchases by investors who had been lagging the broader market, has strengthened,” Masanari


Stocks could get a short-term boost as fear of missing out on gains leads more investors to plow more money into the U.S. equity market, analysts said. The S&P 500 rose more than 2 percent last week, posting its seventh weekly gain in the last eight. The surge in stocks comes as investors increasingly bet China and the U.S. will strike a trade deal in the near future. “It seems a ‘panic buying’ mood, with purchases by investors who had been lagging the broader market, has strengthened,” Masanari
‘Panic buying’ likely to drive stock market higher in the near term Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: fred imbert, spencer platt, getty images news, getty images
Keywords: news, cnbc, companies, near, panic, stocks, tightening, market, drive, investors, weekly, term, trade, weak, higher, week, trend, likely, stock, buying


'Panic buying' likely to drive stock market higher in the near term

Stocks could get a short-term boost as fear of missing out on gains leads more investors to plow more money into the U.S. equity market, analysts said.

The S&P 500 rose more than 2 percent last week, posting its seventh weekly gain in the last eight. The surge in stocks comes as investors increasingly bet China and the U.S. will strike a trade deal in the near future. It also follows the Federal Reserve signaling it will be patient in tightening monetary policy.

“It seems a ‘panic buying’ mood, with purchases by investors who had been lagging the broader market, has strengthened,” Masanari Takada, a cross-asset strategist at Nomura, said in a note Monday. “Systematic trend followers that had temporarily suspended buying after the weak US retail sales print have also been compelled to follow the market by adding fresh longs.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: fred imbert, spencer platt, getty images news, getty images
Keywords: news, cnbc, companies, near, panic, stocks, tightening, market, drive, investors, weekly, term, trade, weak, higher, week, trend, likely, stock, buying


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer’s lightning round: Don’t sell Disney yet—you’ll want to own it long term

The Walt Disney Co.: “Don’t sell Disney yet. But I think, long term, you want to own Disney very badly.” I’m not saying that it was necessarily a bounce that wasn’t deserved, because the company is not as bad. Like many of the biotechs, I can’t just say it looks great because I’ve got to see what’s in Phase 1, Phase 2, Phase 3 and what’s about to be approved.” I would say [ring the register].”


The Walt Disney Co.: “Don’t sell Disney yet. But I think, long term, you want to own Disney very badly.” I’m not saying that it was necessarily a bounce that wasn’t deserved, because the company is not as bad. Like many of the biotechs, I can’t just say it looks great because I’ve got to see what’s in Phase 1, Phase 2, Phase 3 and what’s about to be approved.” I would say [ring the register].”
Cramer’s lightning round: Don’t sell Disney yet—you’ll want to own it long term Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, ive, sell, long, disney, term, think, im, ring, round, say, dont, yetyoull, phase, company, lightning, whats, cramers


Cramer's lightning round: Don't sell Disney yet—you'll want to own it long term

The Walt Disney Co.: “Don’t sell Disney yet. [CEO] Bob Iger’s doing an amazing job. I don’t know about this next couple of quarters. He’s got to do this big transition with the over-the-top. But I think, long term, you want to own Disney very badly.”

American Superconductor Corp.: “I think it’s been too hot, frankly. I think we’ve got to let some go. I don’t have that level of conviction up here.”

Activision Blizzard Inc.: “Look, they had the bounce. I’m not saying that it was necessarily a bounce that wasn’t deserved, because the company is not as bad. But it’s now kind of settled in. I think I’d rather own EA on the way up than that, frankly.”

PCM Inc.: “To me, that seems like a copycat company. Kind of an online mall. I have to say that I would ka-ching, ka-ching.”

Arrowhead Pharmaceuticals Inc.: “That’s a really hard biotech. When I did my Biotech Bible for TheStreet.com, I did a lot of work on it, but I’m so out of touch with it, I’ve got to come back. Like many of the biotechs, I can’t just say it looks great because I’ve got to see what’s in Phase 1, Phase 2, Phase 3 and what’s about to be approved.”

Chipotle Mexican Grill Inc.: “Oh, man, it’s [CEO] Brian Niccol. He has it going. Thank heaven [CFO] Jack Hartung’s still there. The ad campaign is brilliant. The food never lost its edge. […] We never gave up on Chipotle.”

Cenovus Energy Inc.: “No. I’m [at] the point where I’m not going to recommend anything fossil soon. But that one just had a nice little move up. I would say [ring the register].”

Docusign Inc.: “I like Docusign. I want to have them on this show. There’s a very, very smart company. And, look, Ellie Mae just got a bid. Buy, buy, buy.”

El Pollo Loco Holdings Inc.: “I like this. I got it wrong. I stuck with it and now we’re getting back up. And I’ve got to tell you [to ring the register]. I can’t. I fear this: [the House of Pain].”


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, ive, sell, long, disney, term, think, im, ring, round, say, dont, yetyoull, phase, company, lightning, whats, cramers


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Egypt’s President Sisi pushes toward term extensions in constitution

Egyptian lawmakers are pushing ahead for a change to the country’s constitution that would enable Sisi to stay in power until 2034. Currently, the former armed forces chief is due to stand down after completing two four-year terms in 2022. “I am with preserving two four-year terms and not to change it … I am not for any amendments to be made to the constitution in this period,” Sisi told CNBC’s Gamble. I am talking about the four-year terms.


Egyptian lawmakers are pushing ahead for a change to the country’s constitution that would enable Sisi to stay in power until 2034. Currently, the former armed forces chief is due to stand down after completing two four-year terms in 2022. “I am with preserving two four-year terms and not to change it … I am not for any amendments to be made to the constitution in this period,” Sisi told CNBC’s Gamble. I am talking about the four-year terms.
Egypt’s President Sisi pushes toward term extensions in constitution Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: natasha turak, mohamed el-shahed, afp, getty images
Keywords: news, cnbc, companies, amendments, gamble, told, term, sisi, right, pushes, extensions, egypts, terms, power, president, fouryear, constitution


Egypt's President Sisi pushes toward term extensions in constitution

Egypt’s President Abdel Fattah el-Sisi is likely to win constitutional changes allowing him to dramatically extend his tenure in power — just over a year after telling CNBC that he would never pursue such a thing.

Discussing the political developments while at the Milken Summit in Abu Dhabi Tuesday, Egyptian billionaire businessman Naguib Sawiris told CNBC’s Hadley Gamble that he expected the controversial move would be pushed through. Asked whether he believed it was the right or wrong step for Egypt, the country’s second-richest man simply replied, “We’ll see.”

Egyptian lawmakers are pushing ahead for a change to the country’s constitution that would enable Sisi to stay in power until 2034. Currently, the former armed forces chief is due to stand down after completing two four-year terms in 2022.

Just last week, a parliamentary committee in Cairo approved proposed constitutional amendments that would increase presidential terms from four to six years and essentially reset the clock, allowing Sisi two additional terms.

In an exclusive interview with CNBC in November 2017, Sisi said he was committed to the limits set out by the current constitution.

“I am with preserving two four-year terms and not to change it … I am not for any amendments to be made to the constitution in this period,” Sisi told CNBC’s Gamble. “The constitution grants the right of the parliament and the president to request amendments. I am talking about the four-year terms. We will not interfere with it.”


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: natasha turak, mohamed el-shahed, afp, getty images
Keywords: news, cnbc, companies, amendments, gamble, told, term, sisi, right, pushes, extensions, egypts, terms, power, president, fouryear, constitution


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post