This transport stock holds the key to earnings season

And, if you ask ETF experts, there are several key items investors should be watching. For Ric Edelman, co-founder and chairman of Edelman Financial Engines, there’s something deeper going on in the transport group that’s worth investors’ attention. “But the real key is that the transport industry is increasingly a commodity, even a brand like FedEx. When it comes to trade, Edelman wasn’t quite as concerned as Lydon, saying that “there’s no question” that the Trump administration’s tariffs on Ch


And, if you ask ETF experts, there are several key items investors should be watching. For Ric Edelman, co-founder and chairman of Edelman Financial Engines, there’s something deeper going on in the transport group that’s worth investors’ attention. “But the real key is that the transport industry is increasingly a commodity, even a brand like FedEx. When it comes to trade, Edelman wasn’t quite as concerned as Lydon, saying that “there’s no question” that the Trump administration’s tariffs on Ch
This transport stock holds the key to earnings season Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: lizzy gurdus
Keywords: news, cnbc, companies, transport, theres, etf, trade, fedex, way, stock, season, earnings, jb, key, holds, edelman, going, iyt, lydon


This transport stock holds the key to earnings season

It’s been a wild ride for transportation stocks.

The group, which consists of high-profile names like FedEx and UPS as well as trucking plays like J.B. Hunt, has seen significant declines since last year, with FedEx shedding more than 30% since Sept. 1.

Tracked by the iShares Transportation Average ETF, ticker IYT, one of the most closely followed exchange-traded funds on Wall Street, the group is now back in focus with J.B. Hunt set to report earnings after Monday’s closing bell.

And, if you ask ETF experts, there are several key items investors should be watching.

“I think trade’s the big deal here, and it’s probably going to be negative,” Tom Lydon, editor and proprietor of ETFTrends.com and president of Global Trends Investments, said Monday on CNBC’s “ETF Edge.”

Noting that the top two holdings in the IYT are actually railroad stocks, which are more domestically focused than the shipment plays, he said the “IYT is almost performing as well as the S&P [500] so far year to date, but if you look at … the shippers, they’ve kind of been stopped in their tracks — forgive the pun. ”

For Ric Edelman, co-founder and chairman of Edelman Financial Engines, there’s something deeper going on in the transport group that’s worth investors’ attention.

With FedEx struggling to eke out gains this year while the S&P hits all-time highs, “it demonstrates that no individual stock is safe,” Edelman, who was ranked No. 1 independent advisor in the country by Barron’s three times, said in the same “ETF Edge” interview.

“You need to recognize that it creates opportunities at the same time, if you are so inclined to take advantage of those market movements,” he said. “But the real key is that the transport industry is increasingly a commodity, even a brand like FedEx. I don’t really care. I want to get my package from here to there and I’m going to do it [via] whoever’s going to provide that service cheaper and faster, and brand really doesn’t matter anymore.”

When it comes to trade, Edelman wasn’t quite as concerned as Lydon, saying that “there’s no question” that the Trump administration’s tariffs on Chinese goods “are temporary.”

“There’s no way that the governments around the world are going to tolerate this. We’re seeing dramatic reduction in productivity,” he said. “China’s already suffering the biggest losses in its gains over decades now. The U.S. is beginning to be harmed, and when we move into the election, there’s no way that the government’s going to sustain this activity.”

If he’s right, Lydon suggested one way to capitalize on the potential resolution.

“If this trade deal gets done, there is going to be some great upside, not just here in the U.S., but especially overseas,” he said. “I’d look to emerging markets. We saw the trade numbers and how bad[ly] they’re impacting China today. Boy, there’s going to be great opportunity in the future.”

Both J.B. Hunt’s stock and IYT dropped less than 1% Monday. FedEx was up less than 1%.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: lizzy gurdus
Keywords: news, cnbc, companies, transport, theres, etf, trade, fedex, way, stock, season, earnings, jb, key, holds, edelman, going, iyt, lydon


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Facebook will never break through with Oculus, says one of the VR company’s co-founders

But one of the company’s six co-founders now doubts Oculus will ever break through. Jack McCauley told CNBC he doesn’t think there’s a real market for VR gaming. With Facebook positioning its Oculus devices primarily as gaming machines, McCauley doesn’t believe there’s much of a market for the device. “If we were gonna sell, we would’ve sold,” McCauley said in a phone interview on Wednesday. The Oculus Quest, which was released this May, has sold nearly 1.1 million units while the Oculus Rift ha


But one of the company’s six co-founders now doubts Oculus will ever break through. Jack McCauley told CNBC he doesn’t think there’s a real market for VR gaming. With Facebook positioning its Oculus devices primarily as gaming machines, McCauley doesn’t believe there’s much of a market for the device. “If we were gonna sell, we would’ve sold,” McCauley said in a phone interview on Wednesday. The Oculus Quest, which was released this May, has sold nearly 1.1 million units while the Oculus Rift ha
Facebook will never break through with Oculus, says one of the VR company’s co-founders Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: salvador rodriguez
Keywords: news, cnbc, companies, mccauley, vr, million, doesnt, market, theres, break, sold, game, facebook, companys, oculus, units, cofounders


Facebook will never break through with Oculus, says one of the VR company's co-founders

Jack McCauley was one of the six Oculus co-founders, but he’s also one of its biggest bears, telling CNBC he doesn’t think there’s a market for virtual reality video gaming.

Five years after its $2 billion purchase of Oculus, Facebook is still pushing forward in its efforts to bring virtual reality to a mainstream audience.

But one of the company’s six co-founders now doubts Oculus will ever break through.

Jack McCauley told CNBC he doesn’t think there’s a real market for VR gaming. With Facebook positioning its Oculus devices primarily as gaming machines, McCauley doesn’t believe there’s much of a market for the device.

“If we were gonna sell, we would’ve sold,” McCauley said in a phone interview on Wednesday.

McCauley, who left Oculus in November 2015, said sales of the devices he worked on were modest. The original DK1, released in 2013 sold 70,000 units while the follow-up DK2 from 2014 sold 150,000, he recalled.

Sales have grown with newer devices, but Oculus has yet to have a hit.

The $199 Oculus Go has sold a little more than 2 million units since its release in May 2018, according to estimates provided by market research firm SuperData, a Nielsen company. The Oculus Quest, which was released this May, has sold nearly 1.1 million units while the Oculus Rift has sold 547,000 units since the start of 2018, according to SuperData.

For comparison, Sony sold 17.8 million PlayStation 4 units during its 2018 fiscal year while Nintendo sold nearly 17 million Switch units during its 2018 fiscal year. Microsoft doesn’t break out Xbox One unit sales.

In May, Facebook released two new headsets, the untethered $399 Oculus Quest and the computer-powered $399 Oculus Rift S. The tech company is also looking to buy up game studios and secure exclusive deals to beef up Oculus’s game library, according to a report this week by The Information.

But McCauley, who worked on the two developer versions of the Oculus and stayed through Facebook’s acquisition of the company in March 2014, said there are a lot of fundamental issues that remain unsolved with VR gaming.

Primarily, many people still get nauseated when they put on a VR headset, McCauley said. And many people prefer to play video games alongside their friends on a 2-D display, McCauley added.

“Video games have not evolved into a 3-D experience for a number of reasons,” he said. “I don’t know what kind of application it would be for VR that would keep players plugged in for six hours like they do with game consoles.”

McCauley speaks as a long-time veteran of the video game industry — he worked on “Guitar Hero” for Activision, the Xbox 360 for Microsoft and at Electronic Arts before co-founding Oculus.

“You put it on, and there’s a lot of ‘Wow!’ to it, but then what do you do with it?” McCauley said. “Even when I was there I thought people weren’t going to wear a headset and walk around with it in public.”

Facebook has enough money to keep investing in Oculus as it has for the past five years, but McCauley thinks that would be throwing good money after bad.

“I may be wrong, but I’ve been doing this a long time,” he said. “I’ve already done a lot of what people do mistake-wise. You have your gut, and it tells you if you’re right or wrong. And in this case I think I’m right.”

Since leaving in November 2015, McCauley has enjoyed a semi-retired life. He’s an innovator in residence at Berkeley’s Jacobs Institute of Design Innovation and he continues to build all sorts of devices, such as a gun capable of shooting down drones, at his own research and development facility.

Facebook declined to comment.

WATCH: CNBC interview with Oculus co-founder Palmer Luckey


Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: salvador rodriguez
Keywords: news, cnbc, companies, mccauley, vr, million, doesnt, market, theres, break, sold, game, facebook, companys, oculus, units, cofounders


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Suzy Welch: There’s a specific type of employee that always gets the promotion—here’s why

There can be a number of reasons for this, but bestselling management author and CNBC contributor Suzy Welch says there’s a particularly common one. The people speeding ahead, she tells CNBC Make It, tend to be “happy extroverts.” CNBC Contributor Suzy WelchShe says she first observed this 30 years ago when she noticed that it wasn’t the smartest person among her Harvard Business School classmates who got hired first, but rather the most popular. “Happy extroverts help make that happen.” And whe


There can be a number of reasons for this, but bestselling management author and CNBC contributor Suzy Welch says there’s a particularly common one. The people speeding ahead, she tells CNBC Make It, tend to be “happy extroverts.” CNBC Contributor Suzy WelchShe says she first observed this 30 years ago when she noticed that it wasn’t the smartest person among her Harvard Business School classmates who got hired first, but rather the most popular. “Happy extroverts help make that happen.” And whe
Suzy Welch: There’s a specific type of employee that always gets the promotion—here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: courtney connley
Keywords: news, cnbc, companies, promotionheres, happy, suzy, theres, gets, ones, extroverts, contributor, kids, welch, type, employee, high, specific


Suzy Welch: There's a specific type of employee that always gets the promotion—here's why

It’s a familiar scenario in most workplaces: A few employees whose skills and performance seem average keep getting promoted — sometimes over their top-performing colleagues. There can be a number of reasons for this, but bestselling management author and CNBC contributor Suzy Welch says there’s a particularly common one. The people speeding ahead, she tells CNBC Make It, tend to be “happy extroverts.” It’s a personality type that gives some people “a real career advantage.”

CNBC Contributor Suzy Welch

She says she first observed this 30 years ago when she noticed that it wasn’t the smartest person among her Harvard Business School classmates who got hired first, but rather the most popular. These people, she says, were “the ones who were outgoing and friendly — warm, authentic and highly verbal — the ones who planned the beach picnics and tracked you down after class to compliment you on a good answer.” At first, Welch says, she found this dynamic irritating. “I remember calling home and moaning, ‘Mom, I don’t think my grades here actually count at all!'” But since then, she says, “I’ve watched the happy extrovert phenomenon play out in companies of every kind. And now, as a boss myself, I understand why.” “Organizations run so much better when teamwork is high and drama is low,” says Welch. “Happy extroverts help make that happen.” And when these individuals over-deliver on their work, they can become, ultimately, a boss’s “favorite type of employee.” But Welch says if you’re an introvert there’s no need to despair. “Two of my own kids are your comrades, and they’ve done just fine professionally.” In addition to performing at a high level, she says her introverted kids also “make sure to tell everyone, bosses included, not to mistake their reserve for negativity.”


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: courtney connley
Keywords: news, cnbc, companies, promotionheres, happy, suzy, theres, gets, ones, extroverts, contributor, kids, welch, type, employee, high, specific


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There’s a strange phenomenon reportedly influencing the direction of the stock market each day

One explanation is a phenomenon dubbed a “gamma trap,” The Wall Street Journal reported. CNBC confirmed with options traders the trend that may be artificially suppressing the market’s daily changes for long periods of time, but then exasperating sudden volatile moves in the market. Although the data can be hard to come by, some Wall Street analysts are using their estimates of dealers’ gamma exposure to predict the market direction. “A lot of volatility traders or market makers at big banks, th


One explanation is a phenomenon dubbed a “gamma trap,” The Wall Street Journal reported. CNBC confirmed with options traders the trend that may be artificially suppressing the market’s daily changes for long periods of time, but then exasperating sudden volatile moves in the market. Although the data can be hard to come by, some Wall Street analysts are using their estimates of dealers’ gamma exposure to predict the market direction. “A lot of volatility traders or market makers at big banks, th
There’s a strange phenomenon reportedly influencing the direction of the stock market each day Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: yun li
Keywords: news, cnbc, companies, hedge, phenomenon, strange, day, big, nathan, traders, theres, gamma, direction, influencing, reportedly, wall, market, street, options, stock, puts


There's a strange phenomenon reportedly influencing the direction of the stock market each day

These days it’s not strange to see the market going from a long period of serenity to complete chaos in the blink of an eye. One explanation is a phenomenon dubbed a “gamma trap,” The Wall Street Journal reported. CNBC confirmed with options traders the trend that may be artificially suppressing the market’s daily changes for long periods of time, but then exasperating sudden volatile moves in the market.

Institutional investors such as pension funds are increasingly drawn to low-volatility strategies, those using options markets to ward off steep losses and deliver stable income. Whenever they buy or sell an option, their brokers have to hedge their positions by trading in the opposite direction, and market players said the amount of such hedging has now become vast enough to dampen stock market volatility for extended periods.

“All these strategies exist now where pension funds and big funds just want to sell down-side puts.They are constantly selling puts, meaning the dealers are buying the puts and they are also buying the stocks,” said Dan Nathan, principal at Risk Reversal Advisors.

“They know there is a high probability of a small gain and a low probability of a big loss, so this has become a strategy that they are just willing to do — selling downside puts,” Nathan said.

The Greek letter gamma refers to the speed in which the price of an option changes. Although the data can be hard to come by, some Wall Street analysts are using their estimates of dealers’ gamma exposure to predict the market direction.

The WSJ found Charlie McElligott, cross-asset strategist at Nomura, who was sending clients data on dealer positioning daily.

“There is just monster notional gamma at upside strikes in SPX / consolidated SPY options which acts to ‘pull’ us higher,” McElligott said in a note to client on Wednesday.

However, traders can sometimes find themselves in a gamma trap when the hedging exacerbates losses as stocks drop dramatically.

“We have seen this play out many times,” Jon Najarian, co-founder of Najarian Family Partners, told CNBC. “When the market responds to positive or negative news and makes an outsized move, those that sold those calls or puts have to chase prices higher as they try to mitigate losses.”

The phenomenon can also explain the common moves off the lows into the close, according to Nathan.

“A lot of volatility traders or market makers at big banks, they may not hedge their gamma until the end of the day. Because they came in with a certain amount of exposure and if the market had a big move and that gives them this opportunity to hedge their delta and gamma and they’ll do that maybe in the last hour of the day,” Nathan said.

— Click here to read the Wall Street Journal story.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: yun li
Keywords: news, cnbc, companies, hedge, phenomenon, strange, day, big, nathan, traders, theres, gamma, direction, influencing, reportedly, wall, market, street, options, stock, puts


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There’s now a way for regular investors to buy directly into the billionaire space race

If you’ve been wanting to own shares in the latest generation of space companies, now is your first chance. Social Capital Hedeosophia will own 49% of the combined company. Investors can already buy shares of Social Capital Hedosophia and, therefore, can buy a stake in Virgin Galactic, which is set to be the first publicly-traded human spaceflight company. Following the Virgin Galactic merger announcement, Social Capital Hedosophia stock rose 1.3% in trading from Monday’s close of $10.43 a share


If you’ve been wanting to own shares in the latest generation of space companies, now is your first chance. Social Capital Hedeosophia will own 49% of the combined company. Investors can already buy shares of Social Capital Hedosophia and, therefore, can buy a stake in Virgin Galactic, which is set to be the first publicly-traded human spaceflight company. Following the Virgin Galactic merger announcement, Social Capital Hedosophia stock rose 1.3% in trading from Monday’s close of $10.43 a share
There’s now a way for regular investors to buy directly into the billionaire space race Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: michael sheetz
Keywords: news, cnbc, companies, virgin, buy, regular, palihapitiya, galactic, theres, companies, investors, spac, space, billionaire, capital, directly, way, public, social, race


There's now a way for regular investors to buy directly into the billionaire space race

If you’ve been wanting to own shares in the latest generation of space companies, now is your first chance.

Social Capital Hedosophia, the investment vehicle of venture capitalist Chamath Palihapitiya, is merging with Richard Branson’s Virgin Galactic in a deal that will open the space tourism company to public investors later this year. Social Capital Hedeosophia will own 49% of the combined company.

Investors can already buy shares of Social Capital Hedosophia and, therefore, can buy a stake in Virgin Galactic, which is set to be the first publicly-traded human spaceflight company.

The special purpose acquisition company (SPAC) is listed on the New York Stock Exchange under the ticker “IPOA,” having raised $600 million in a 2017 public offering. The SPAC was set up as a way for investors to back Palihapitiya in his search for an overlooked or undervalued private technology company. SPACs give an investment manager up to two years to buy at least one asset, with investors getting the option to either stay in or get out once a deal is made.

Following the Virgin Galactic merger announcement, Social Capital Hedosophia stock rose 1.3% in trading from Monday’s close of $10.43 a share.

This is “an alternative path to a traditional IPO,” Chad Anderson, CEO of investment firm Space Angels, told CNBC.

“Today, all IPOs are mega valuations, and private investors are capturing all the value,” Anderson said. “This SPAC is allowing the public to participate in this growth story.”

After the announcement, Virgin Galactic’s top management – including Branson and Palihapitiya – met on Tuesday with potential investors in New York City for an educational luncheon, according to an invitation seen by CNBC.

Taking Virgin Galactic public marks a turning point in the 21st century generation of space companies, led by the likes of Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin. According to Space Angels, more than $20 billion has been invested in 435 space companies over the past decades, with investments only accelerating in recent years. Exchange-traded funds have entered the scene but Virgin Galactic marks a new milestone in these companies tapping the public markets.

“All of the excitement in the entrepreneurial space age comes from greater access. There was nothing really exciting before 2009, before SpaceX,” Anderson said. “They opened up the market to new entrants.”


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: michael sheetz
Keywords: news, cnbc, companies, virgin, buy, regular, palihapitiya, galactic, theres, companies, investors, spac, space, billionaire, capital, directly, way, public, social, race


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Robocalls are not only annoying — there’s an entire dirty industry behind them, FTC reveals

The actions are important because they draw the connection between robocalls, which may seem like mere annoyances, to the fraudulent organizations or illegal mass-calling schemes behind them. A ‘franchise-like’ opportunityIn some cases, robocalls proliferate through programs that resemble multilevel marketing schemes, where business founders push robocall packages on “members” to spur quick growth. This organization originated tens of millions of calls claiming they were from a generic departmen


The actions are important because they draw the connection between robocalls, which may seem like mere annoyances, to the fraudulent organizations or illegal mass-calling schemes behind them. A ‘franchise-like’ opportunityIn some cases, robocalls proliferate through programs that resemble multilevel marketing schemes, where business founders push robocall packages on “members” to spur quick growth. This organization originated tens of millions of calls claiming they were from a generic departmen
Robocalls are not only annoying — there’s an entire dirty industry behind them, FTC reveals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: kate fazzini
Keywords: news, cnbc, companies, robocalls, calls, card, industry, credit, dirty, organization, theres, consumers, defendants, organizations, annoying, ftc, case, program, entire, reveals


Robocalls are not only annoying — there's an entire dirty industry behind them, FTC reveals

Joseph Simons, chairman of the Federal Trade Commission (FTC) nominee for U.S. President Donald Trump, speaks during a Senate Commerce, Science and Transportation Committee confirmation hearing in Washington, D.C., U.S., on Wednesday, Feb. 14, 2018. Andrew Harrer | Bloomberg | Getty Images

The Federal Trade Commission announced last week a crackdown on robocallers, giving one of the clearest pictures yet of the people and organizations behind the avalanche of nuisance phone calls to consumers. The actions are important because they draw the connection between robocalls, which may seem like mere annoyances, to the fraudulent organizations or illegal mass-calling schemes behind them. “We have a strong robocalling enforcement program, which is meant to protect wider consumers from abuse and abusive calls,” said Ian Barlow, program coordinator for the FTC’s Do Not Call program. The most recent FTC action drilled down into organizations that tried to push fake products or multilevel marketing schemes, and those that sold real products but marketed them in illegal ways. Here’s what they found out.

A ‘franchise-like’ opportunity

In some cases, robocalls proliferate through programs that resemble multilevel marketing schemes, where business founders push robocall packages on “members” to spur quick growth. In one case, an organization known alternately as “8 Figure Dream Lifestyle, ” “Millionaire Mind” and “Online Entrepreneur Academy” enticed consumers to buy memberships to gain access to a “franchise-like opportunity” to sell the organization’s “proven business model” or “blueprint for success” downstream. Members paid between $2,395 and $22,495 to join, and the business claimed they could earn $5,000 to $10,000 in the first two weeks, followed by similarly large sums. In one case, a founder of the organization bragged of making $6.5 million off the “blueprint,” though it’s unclear how much founders were able to profit. Attorneys for the defendants declined to comment. In addition to the robocall training and operational help the companies allegedly provided members, they also provided the email, texting and social media marketing packages. In another robocalling case, a company called Redwood Scientific sold dissolving oral film strips that were billed to treat everything from smoking to obesity to sexual performance. The calls attempted to auto-enroll victims into subscription plans for the strips. That case was settled, with one defendant agreeing to no longer make deceptive health claims, among other provisions. The defendants neither admitted nor denied the allegations in the complaint as part of the agreement. The FTC also looked at an organization called Life Management Services, which allegedly netted $15.6 million from consumers who thought they were reorganizing their credit card debt through an interest rate reduction service. This organization originated tens of millions of calls claiming they were from a generic department like “bank card services” or a “credit assistance program.” In others, the group said they represented a “licensed enrollment center” for companies such as Visa or Mastercard. Consumers who stayed on the line were told they needed to make up-front payments of between $500 and $5,000 to pay off credit card bills, or even larger sums to enroll in a debt relief program. “In reality, the defendants sometimes made a rudimentary attempt to contact the consumer’s credit card company, but consumers report that defendants were almost never able to obtain the promised rates or savings,” the FTC said. The defendants could not be reached for comment. In 2018, the FTC and the State of Florida won a summary judgment in the case ordering the group’s leader to pay $23 million. Another complaint, against a corporation called First Choice Horizon, outlines how the robocaller “under the guise of confirming consumers’ identities” for an offer of “bogus credit card interest rate reduction services,” further “tricked them into providing their personal financial information, including their social security and credit card numbers,” according to the FTC. The defendants’ attorneys did not return calls requesting comment.

Thousands of calls to a single number


Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: kate fazzini
Keywords: news, cnbc, companies, robocalls, calls, card, industry, credit, dirty, organization, theres, consumers, defendants, organizations, annoying, ftc, case, program, entire, reveals


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Google Maps will now help you avoid bumping into sweaty strangers on the bus

Passengers on the New York City subway crowd together during evening rush hour May 5, 2017 in the Manhattan borough of New York City. Google on Thursday announced a new feature that will help you avoid crowded buses — at least if you have a choice of when to commute. Google Maps for Android and iOS is receiving an update that gives you information on how crowded a bus typically is at the time of day when you’re planning to ride it. For instance, it might say that there’s “usually standing room


Passengers on the New York City subway crowd together during evening rush hour May 5, 2017 in the Manhattan borough of New York City. Google on Thursday announced a new feature that will help you avoid crowded buses — at least if you have a choice of when to commute. Google Maps for Android and iOS is receiving an update that gives you information on how crowded a bus typically is at the time of day when you’re planning to ride it. For instance, it might say that there’s “usually standing room
Google Maps will now help you avoid bumping into sweaty strangers on the bus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: todd haselton
Keywords: news, cnbc, companies, google, maps, help, subway, bus, sweaty, standing, york, theres, youre, bumping, strangers, typically, update, usually, crowded, avoid


Google Maps will now help you avoid bumping into sweaty strangers on the bus

Passengers on the New York City subway crowd together during evening rush hour May 5, 2017 in the Manhattan borough of New York City.

Google on Thursday announced a new feature that will help you avoid crowded buses — at least if you have a choice of when to commute.

Google Maps for Android and iOS is receiving an update that gives you information on how crowded a bus typically is at the time of day when you’re planning to ride it. For instance, it might say that there’s “usually standing room only” if the bus is crowded. .


Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: todd haselton
Keywords: news, cnbc, companies, google, maps, help, subway, bus, sweaty, standing, york, theres, youre, bumping, strangers, typically, update, usually, crowded, avoid


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Here’s the key level bitcoin needs to hold to head higher

Bitcoin could get a boost if one key level holds, according to trader Jim Iuorio. The $3,000 drop occurred around the time that Coinbase, a trading platform for cryptocurrencies including bitcoin, saw a brief outage. But Iuorio, managing director of TJM Institutional Services and a longtime futures and options trader, says there’s still hope for bitcoin despite its volatile tendencies. “Granted, I didn’t know it was going to go back and test that $10,000 [level] so quickly, but I still think I’m


Bitcoin could get a boost if one key level holds, according to trader Jim Iuorio. The $3,000 drop occurred around the time that Coinbase, a trading platform for cryptocurrencies including bitcoin, saw a brief outage. But Iuorio, managing director of TJM Institutional Services and a longtime futures and options trader, says there’s still hope for bitcoin despite its volatile tendencies. “Granted, I didn’t know it was going to go back and test that $10,000 [level] so quickly, but I still think I’m
Here’s the key level bitcoin needs to hold to head higher Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: lizzy gurdus
Keywords: news, cnbc, companies, heres, size, needs, bitcoin, think, head, futures, iuorio, level, higher, speed, theres, trader, 10000, hold, key


Here's the key level bitcoin needs to hold to head higher

Bitcoin could get a boost if one key level holds, according to trader Jim Iuorio.

The digital currency, which is up nearly 200% this year, has seen massive price swings this week, hitting a 17-month high Wednesday before crashing on Thursday afternoon. The $3,000 drop occurred around the time that Coinbase, a trading platform for cryptocurrencies including bitcoin, saw a brief outage.

But Iuorio, managing director of TJM Institutional Services and a longtime futures and options trader, says there’s still hope for bitcoin despite its volatile tendencies.

“I said yesterday that as long as it stayed above $10,000, I still think it has some decent upside,” Iuorio said Thursday on CNBC’s “Futures Now.” “Granted, I didn’t know it was going to go back and test that $10,000 [level] so quickly, but I still think I’m looking now for some sort of constructive pattern for it to go higher.”

Still, Iuorio acknowledged that some investors may indeed be deterred by the chaotic action in bitcoin.

“The size and the speed of the rally was unsustainable, and the size and the speed of the correction was even worse,” he said. “But what something like that just does is it shakes out the weak hands and reminds people that there’s risk. This is, I hate to say, a healthy movement in something that’s gone as far as it is. … This is what has to happen. I think it could easily gather itself above the $10,000 level and resume what it was doing before.”


Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: lizzy gurdus
Keywords: news, cnbc, companies, heres, size, needs, bitcoin, think, head, futures, iuorio, level, higher, speed, theres, trader, 10000, hold, key


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There’s something wrong with this rally in the stock market, JP Morgan says

In our view, that cross-market divergence can only persist for a short period of time, and the S&P 500 Index rally potential is limited under the current conditions,” Hunter said in a note on Wednesday. The persistent weakness in cyclicals stocks that traditionally correlate to economic health could be especially worrisome as corporate profit picture continues to deteriorate. The S&P 500 consumer discretionary sector has consistently lagged the S&P 500 consumer staples sector ever since last Oct


In our view, that cross-market divergence can only persist for a short period of time, and the S&P 500 Index rally potential is limited under the current conditions,” Hunter said in a note on Wednesday. The persistent weakness in cyclicals stocks that traditionally correlate to economic health could be especially worrisome as corporate profit picture continues to deteriorate. The S&P 500 consumer discretionary sector has consistently lagged the S&P 500 consumer staples sector ever since last Oct
There’s something wrong with this rally in the stock market, JP Morgan says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: yun li
Keywords: news, cnbc, companies, stocks, hunter, 500, stock, morgan, jp, consumer, economic, cyclicals, market, rally, theres, sp, index, wrong


There's something wrong with this rally in the stock market, JP Morgan says

The S&P 500 is about to pull off its best first half of a year in at least 10 years and the Dow Jones Industrial Average is having its best June since 1938, but underneath this impressive rally is a trend that doesn’t seem quite right, according to J.P. Morgan.

From consumer discretionary to technology, cyclical stocks that typically are tied to economic growth have failed to regain the ground lost in May, whereas only defensive groups like consumer staples and utilities have confirmed the S&P 500’s new highs, J.P. Morgan’s chart analyst Jason Hunter pointed out.

“Rally leadership doesn’t inspire a lot of confidence yet … In our view, that cross-market divergence can only persist for a short period of time, and the S&P 500 Index rally potential is limited under the current conditions,” Hunter said in a note on Wednesday.

Indeed, the market’s strong comeback in June has little to do with economic fundamentals. It’s largely driven by the shift in Federal Reserve’s monetary policy and the revived hopes for a trade deal between the U.S. and China. The persistent weakness in cyclicals stocks that traditionally correlate to economic health could be especially worrisome as corporate profit picture continues to deteriorate.

The S&P 500 consumer discretionary sector has consistently lagged the S&P 500 consumer staples sector ever since last October. For the bull run to last, cyclicals have to take the lead in the rally, according to the analyst.

“We do not believe the divergence between Cyclicals and Defensives can persist if the S&P 500 Index is set to extend the rally through the summer. In our view, either cyclical markets need to start outperforming and take the leadership role in a rally, or the broad equity market is vulnerable to a material setback,” Hunter said.

Another area of the market that’s raising the red flag is small caps, which are also typically related to economic growth. The Russell 2000 has not only extended its year-long underperformance but has also fallen further behind the broad market. The index fell into correction territory in May as investor dumped riskier stocks amid the intensified trade tensions.

From a technical standpoint, until the small-cap index’s relative performance starts to improve or ‘the market breaks through the 1,600 area resistance zone, it’s hard to have high conviction in a positive outlook, ” Hunter said. The index currently trades at around 1,521.


Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: yun li
Keywords: news, cnbc, companies, stocks, hunter, 500, stock, morgan, jp, consumer, economic, cyclicals, market, rally, theres, sp, index, wrong


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Mnuchin: ‘We were about 90% of the way’ on China trade deal and there’s a ‘path to complete this’

Treasury Secretary Steven Mnuchin told CNBC on Wednesday the U.S. and China were close to a trade deal, and he’s optimistic that progress can be made during weekend talks between President Donald Trump and China’s Xi Jinping. “We were about 90% of the way there [with a deal] and I think there’s a path to complete this,” he told CNBC’s Hadley Gamble in Manama, Bahrain. He said he’s confident Trump and the Chinese president can make progress in stalled trade talks at the Group of 20 meeting. A Ban


Treasury Secretary Steven Mnuchin told CNBC on Wednesday the U.S. and China were close to a trade deal, and he’s optimistic that progress can be made during weekend talks between President Donald Trump and China’s Xi Jinping. “We were about 90% of the way there [with a deal] and I think there’s a path to complete this,” he told CNBC’s Hadley Gamble in Manama, Bahrain. He said he’s confident Trump and the Chinese president can make progress in stalled trade talks at the Group of 20 meeting. A Ban
Mnuchin: ‘We were about 90% of the way’ on China trade deal and there’s a ‘path to complete this’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: holly ellyatt
Keywords: news, cnbc, companies, complete, weekend, told, talks, way, meeting, xi, path, 90, china, deal, president, theres, trade, trump, mnuchin, g20


Mnuchin: 'We were about 90% of the way' on China trade deal and there's a 'path to complete this'

Treasury Secretary Steven Mnuchin told CNBC on Wednesday the U.S. and China were close to a trade deal, and he’s optimistic that progress can be made during weekend talks between President Donald Trump and China’s Xi Jinping. “We were about 90% of the way there [with a deal] and I think there’s a path to complete this,” he told CNBC’s Hadley Gamble in Manama, Bahrain. He said he’s confident Trump and the Chinese president can make progress in stalled trade talks at the Group of 20 meeting. “The message we want to hear is that they want to come back to the table and continue because I think there is a good outcome for their economy and the U.S. economy to get balanced trade and to continue to build on this relationship.” He did not provide any detail on what the final 10% of an agreement might entail, or what the sticking points are to completing a deal.

Trump is meeting his Chinese counterpart on Saturday at the G-20 summit in Osaka, Japan. The outcome of the meeting could be pivotal for the global economy and financial markets, which has been rattled by 18 months of trade tensions between the economic giants and an escalation of tariffs on each other’s imports. Officials have yet to negotiate a breakthrough, but there are hopes that a meeting between the two presidents could help the discussions. A Bank of America Merrill Lynch survey of investors found that about two-thirds expect no deal this weekend, but there would be no new tariffs either. “I’m hopeful that we can move forward with a plan,” Mnuchin told CNBC. “President Trump and President Xi have a very close working relationship. We had a productive meeting at the last G-20.” At their meeting in December at the G-20 in Buenos Aires, Trump and Xi reached a truce in the trade war, but talks in May broke down, and the countries added additional tariffs. Mnuchin said he was hopeful a deal could be struck by the end of the year but said “there needs to be the right efforts in place.” Dow futures jumped after Mnuchin’s comments and signaled a higher open for Wall Street Wednesday.

Slowing growth

Talks between the U.S. and China broke down in May because China reportedly did not want to commit to changes in its laws to help allay U.S. concerns about intellectual property theft, forced technology transfers and currency manipulation. Commerce Secretary Wilbur Ross has previously played down hopes for a Trump-Xi breakthrough this weekend, saying in mid-June that “the most that will come out of the G-20 might be an agreement to actively resume talks.” The trade war has impacted the Chinese and U.S. economies, despite both presidents insisting otherwise. In April, the International Monetary Fund lowered its global growth forecast for 2019 to 3.3%, down from an earlier forecast of 3.5%, citing ongoing global trade tensions as the rationale for the downgrade.


Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: holly ellyatt
Keywords: news, cnbc, companies, complete, weekend, told, talks, way, meeting, xi, path, 90, china, deal, president, theres, trade, trump, mnuchin, g20


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