The right US-China deal may make investors hope that ‘globalization hasn’t ended’

Stock markets globally have to some extent recovered from a sell-off last December and could move higher if a “positive surprise” comes out of the trade deal between China and the U.S., according to financial services company CLSA. “I think there’s room for further rally if there’s a positive surprise on the deal. What’s the positive surprise? It’s that they drop the existing tariffs,” Christopher Wood, global equity strategist at CLSA, told CNBC’s Sri Jegarajah on Thursday. But that rally would


Stock markets globally have to some extent recovered from a sell-off last December and could move higher if a “positive surprise” comes out of the trade deal between China and the U.S., according to financial services company CLSA. “I think there’s room for further rally if there’s a positive surprise on the deal. What’s the positive surprise? It’s that they drop the existing tariffs,” Christopher Wood, global equity strategist at CLSA, told CNBC’s Sri Jegarajah on Thursday. But that rally would
The right US-China deal may make investors hope that ‘globalization hasn’t ended’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: yen nee lee, fred dufour, afp, getty images
Keywords: news, cnbc, companies, wood, markets, uschina, investors, right, president, surprise, tariffs, theres, globalization, think, positive, hope, ended, rally, deal


The right US-China deal may make investors hope that 'globalization hasn't ended'

Stock markets globally have to some extent recovered from a sell-off last December and could move higher if a “positive surprise” comes out of the trade deal between China and the U.S., according to financial services company CLSA.

“I think there’s room for further rally if there’s a positive surprise on the deal. What’s the positive surprise? It’s that they drop the existing tariffs,” Christopher Wood, global equity strategist at CLSA, told CNBC’s Sri Jegarajah on Thursday.

Wood was referring to the additional tariffs that China and the U.S. imposed on each other’s products last year when tensions between the two economic giants were escalating. Washington slapped new levies on $250 billion worth of Chinese imports, while Beijing did the same on $110 billion in American goods.

U.S. President Donald Trump and Chinese President Xi Jinping agreed in December to not implement further tariffs while representatives from both sides work to negotiate a deal.

The two countries reaching an agreement and dropping the additional tariffs imposed last year would lead investors “to think that maybe globalization hasn’t ended,” which would boost sentiment and spur a rally in markets, according to Wood. But that rally would be short-lived if investors began to worry that the U.S. Federal Reserve could raise interest rates again, he said.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: yen nee lee, fred dufour, afp, getty images
Keywords: news, cnbc, companies, wood, markets, uschina, investors, right, president, surprise, tariffs, theres, globalization, think, positive, hope, ended, rally, deal


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump says he is in ‘no rush’ to complete US-China trade deal

U.S. President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two sides during months of negotiations. “I think President Xi saw that I’m somebody that believes in walking when the deal is not done, and you know there’s always a chance it could happen and he probably wouldn’t want that,” Trump said. China has not made any public comment confirming Xi i


U.S. President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two sides during months of negotiations. “I think President Xi saw that I’m somebody that believes in walking when the deal is not done, and you know there’s always a chance it could happen and he probably wouldn’t want that,” Trump said. China has not made any public comment confirming Xi i
Trump says he is in ‘no rush’ to complete US-China trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: saul loeb, afp, getty images
Keywords: news, cnbc, companies, completed, trade, meeting, uschina, summit, xi, president, property, deal, rush, complete, inperson, trump


Trump says he is in 'no rush' to complete US-China trade deal

U.S. President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two sides during months of negotiations.

Trump and Chinese President Xi Jinping had been expected to hold a summit at the president’s Mar-a-Lago property in Florida later this month, but no date has been set for a meeting and no in-person talks between their trade teams have been held in more than two weeks.

The president, speaking to reporters at the White House, said he thought there was a good chance a deal would be made, in part because China wanted one after suffering from U.S. tariffs on its goods.

But he acknowledged Xi may be wary of coming to a summit without an agreement in hand after seeing Trump end a separate summit in Vietnam with North Korean leader Kim Jong Un without a peace deal.

“I think President Xi saw that I’m somebody that believes in walking when the deal is not done, and you know there’s always a chance it could happen and he probably wouldn’t want that,” Trump said.

China has not made any public comment confirming Xi is considering going to meet Trump in Florida or elsewhere.

The president, who likes to emphasize his own deal-making abilities, said an agreement to end a months-long trade war could be finished ahead of a presidential meeting or completed in-person with his counterpart.

“We could do it either way. We could have the deal completed and come and sign, or we could get the deal almost completed and negotiate some of the final points. I would prefer that,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: saul loeb, afp, getty images
Keywords: news, cnbc, companies, completed, trade, meeting, uschina, summit, xi, president, property, deal, rush, complete, inperson, trump


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Morgan Stanley CEO James Gorman: A trade deal will not lead to a ‘meaningful rally’ in stocks

Don’t expect a significant boost to stocks if and when the U.S. and China strike a deal on trade, Morgan Stanley CEO James Gorman said Friday. Stopping the trade spat from turning into a true trade war “is clearly a positive. I think the market would rally on the news of that,” Gorman said during an interview at the Council on Foreign Relations. Gorman made his comments after President Donald Trump told reporters earlier in the day that he thinks a “very big spike” will take place in the stock m


Don’t expect a significant boost to stocks if and when the U.S. and China strike a deal on trade, Morgan Stanley CEO James Gorman said Friday. Stopping the trade spat from turning into a true trade war “is clearly a positive. I think the market would rally on the news of that,” Gorman said during an interview at the Council on Foreign Relations. Gorman made his comments after President Donald Trump told reporters earlier in the day that he thinks a “very big spike” will take place in the stock m
Morgan Stanley CEO James Gorman: A trade deal will not lead to a ‘meaningful rally’ in stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: fred imbert, adam galica
Keywords: news, cnbc, companies, stocks, gorman, stanley, market, trump, lead, rally, james, war, turning, deal, trade, uschina, meaningful, morgan, true


Morgan Stanley CEO James Gorman: A trade deal will not lead to a 'meaningful rally' in stocks

Don’t expect a significant boost to stocks if and when the U.S. and China strike a deal on trade, Morgan Stanley CEO James Gorman said Friday.

Stopping the trade spat from turning into a true trade war “is clearly a positive. I think the market would rally on the news of that,” Gorman said during an interview at the Council on Foreign Relations. But “would it be a meaningful rally? I’d be very surprised.”

Gorman made his comments after President Donald Trump told reporters earlier in the day that he thinks a “very big spike” will take place in the stock market once a trade deal is reached.

Stocks are up sharply this year in part because of increasing expectations for a U.S.-China trade deal. Since the start of the year, the S&P 500 is up more than 8 percent.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: fred imbert, adam galica
Keywords: news, cnbc, companies, stocks, gorman, stanley, market, trump, lead, rally, james, war, turning, deal, trade, uschina, meaningful, morgan, true


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer’s game plan: Friday’s rebound is something to celebrate going into next week

The market rebound on Friday is worth celebrating given that Wall Street had its worst week of 2019, CNBC’s Jim Cramer said. Businesses added 20,000 jobs in February, far short of the 170,000 that economists forecast, but the market shrugged it off, he said. “I think, on some level, there’s an understanding that this hiring data is just not representative. Global headwinds — including U.S.-China trade, Brexit and weakness in Europe — are still present but the consumer appears to remain confident


The market rebound on Friday is worth celebrating given that Wall Street had its worst week of 2019, CNBC’s Jim Cramer said. Businesses added 20,000 jobs in February, far short of the 170,000 that economists forecast, but the market shrugged it off, he said. “I think, on some level, there’s an understanding that this hiring data is just not representative. Global headwinds — including U.S.-China trade, Brexit and weakness in Europe — are still present but the consumer appears to remain confident
Cramer’s game plan: Friday’s rebound is something to celebrate going into next week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: tyler clifford
Keywords: news, cnbc, companies, rebound, weather, market, wall, worth, celebrate, cramer, week, game, plan, going, fridays, understanding, worst, uschina, cramers, weakness


Cramer's game plan: Friday's rebound is something to celebrate going into next week

The market rebound on Friday is worth celebrating given that Wall Street had its worst week of 2019, CNBC’s Jim Cramer said.

Businesses added 20,000 jobs in February, far short of the 170,000 that economists forecast, but the market shrugged it off, he said. The Dow Jones Industrial Average originally fell 221 points before closing less than 23 under, while the S&P 500 and Nasdaq both slipped more or less 0.20 percent.

“I think, on some level, there’s an understanding that this hiring data is just not representative. The numbers were severely distorted by both the government shutdown and the terrible weather,” the “Mad Money” host said, explaining that Costco delivered strong quarterly earnings but blamed bad weather on why it didn’t do even better.

Additionally, Cramer said the federal Labor Department has a history of poorly handling the payroll data.

Global headwinds — including U.S.-China trade, Brexit and weakness in Europe — are still present but the consumer appears to remain confident, Cramer said.

Here’s his game plan for the week ahead:


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: tyler clifford
Keywords: news, cnbc, companies, rebound, weather, market, wall, worth, celebrate, cramer, week, game, plan, going, fridays, understanding, worst, uschina, cramers, weakness


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dow futures point to a lower open as investors monitor US-China trade developments

U.S. stock index futures were lower Wednesday morning as market players remain focused on U.S.-China trade developments. ET, Dow futures fell 48 points, indicating a negative open of more than 22 points. Wall Street ended Tuesday’s session lower, as investors continued to search for clarity in trade negotiations between the U.S. and China. This remains the biggest topic that stock investors are watching for. Despite positive comments from different members of the U.S. administration, market play


U.S. stock index futures were lower Wednesday morning as market players remain focused on U.S.-China trade developments. ET, Dow futures fell 48 points, indicating a negative open of more than 22 points. Wall Street ended Tuesday’s session lower, as investors continued to search for clarity in trade negotiations between the U.S. and China. This remains the biggest topic that stock investors are watching for. Despite positive comments from different members of the U.S. administration, market play
Dow futures point to a lower open as investors monitor US-China trade developments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: silvia amaro
Keywords: news, cnbc, companies, points, monitor, president, dow, players, market, investors, stock, set, developments, point, futures, trade, open, uschina, lower


Dow futures point to a lower open as investors monitor US-China trade developments

U.S. stock index futures were lower Wednesday morning as market players remain focused on U.S.-China trade developments.

At around 02:11 a.m. ET, Dow futures fell 48 points, indicating a negative open of more than 22 points. Futures on the S&P and Nasdaq also pointed to a lower open.

Wall Street ended Tuesday’s session lower, as investors continued to search for clarity in trade negotiations between the U.S. and China.

This remains the biggest topic that stock investors are watching for. U.S. Secretary of State Mike Pompeo said Monday he thought Washington and Beijing were “on the cusp” of reaching a deal. Despite positive comments from different members of the U.S. administration, market players are yet to find out how far-reaching any deal could be.

On the economic front, there will be ADP employment numbers at 8.15 a.m. ET and international trade figures out at 8.30 a.m. ET.

On the corporate calendar, Luxottica Group, Brown-Forman, Dollar Tree and Abercrombie & Fitch are set to report before the bell.

Furthermore, New York Fed President John Williams and Cleveland Fed President Loretta Mester are set to speak later on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: silvia amaro
Keywords: news, cnbc, companies, points, monitor, president, dow, players, market, investors, stock, set, developments, point, futures, trade, open, uschina, lower


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Treasury yields fall amid US-China trade developments

The yield on the benchmark 10-year Treasury note fell to around 2.7114 percent, while the yield on the 30-year Treasury bond slipped to 3.0786 percent. Market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last few days. Sources told CNBC Monday that U.S.-China trade negotiations are in the “final stages” and that a summit in Mar-a-Lago later this month could close the deal. The New York Times also said in


The yield on the benchmark 10-year Treasury note fell to around 2.7114 percent, while the yield on the 30-year Treasury bond slipped to 3.0786 percent. Market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last few days. Sources told CNBC Monday that U.S.-China trade negotiations are in the “final stages” and that a summit in Mar-a-Lago later this month could close the deal. The New York Times also said in
Treasury yields fall amid US-China trade developments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: matt clinch
Keywords: news, cnbc, companies, treasury, bond, deal, developments, trade, york, washington, fall, players, uschina, yields, yield, president, amid


Treasury yields fall amid US-China trade developments

The yield on the benchmark 10-year Treasury note fell to around 2.7114 percent, while the yield on the 30-year Treasury bond slipped to 3.0786 percent. Bond yields move inversely to prices.

Market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last few days. Sources told CNBC Monday that U.S.-China trade negotiations are in the “final stages” and that a summit in Mar-a-Lago later this month could close the deal. The New York Times also said in a report that Monday the trade deal being discussed would do little to address key structural issues.

Meanwhile, U.S. Secretary of State Mike Pompeo said this week he thought Washington and Beijing were “on the cusp” of reaching a deal. Despite positive comments from different members of the U.S. administration, market players are yet to find out how far-reaching any deal could be.

On the economic front Wednesday, there will be ADP employment numbers at 8.15 a.m. ET and international trade figures out at 8.30 a.m. ET.

Furthermore, New York Fed President John Williams and Cleveland Fed President Loretta Mester are set to speak later on Wednesday.

There are no bond auctions scheduled for Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: matt clinch
Keywords: news, cnbc, companies, treasury, bond, deal, developments, trade, york, washington, fall, players, uschina, yields, yield, president, amid


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

How to play Apple and two other tech names on progress in US-China trade talks

Progress in U.S.-China trade talks is moving in fits and starts. Tech stocks caught in the trade crosshairs, such as Apple, could ride a wave of optimism heading into that summit, said Sarah Potter, author of “How You Can Trade Like a Pro.” Potter is betting Apple will stay above the $170 strike price by the cost of the options contract by March 29 expiration. Finally, Broadcom could also get a big boost if trade issues get resolved, says Potter, though it carries higher risk than the others. In


Progress in U.S.-China trade talks is moving in fits and starts. Tech stocks caught in the trade crosshairs, such as Apple, could ride a wave of optimism heading into that summit, said Sarah Potter, author of “How You Can Trade Like a Pro.” Potter is betting Apple will stay above the $170 strike price by the cost of the options contract by March 29 expiration. Finally, Broadcom could also get a big boost if trade issues get resolved, says Potter, though it carries higher risk than the others. In
How to play Apple and two other tech names on progress in US-China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: keris lahiff, michael nagle, bloomberg, getty images, nicolas asfouri, afp, luke sharrett, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, names, play, potter, taking, uschina, talks, buying, summit, looking, apple, higher, progress, tech, stock, quick, trade


How to play Apple and two other tech names on progress in US-China trade talks

Progress in U.S.-China trade talks is moving in fits and starts.

After months of negotiation, the U.S. is reportedly close to entering a trade agreement with China, a deal that could be sealed at a summit between President Donald Trump and Chinese President Xi Jinping at the end of the month.

Tech stocks caught in the trade crosshairs, such as Apple, could ride a wave of optimism heading into that summit, said Sarah Potter, author of “How You Can Trade Like a Pro.”

“Apple has just been sitting here and waiting for an opportunity to get even higher than where it has been lately,” Potter said on CNBC’s “Trading Nation” on Tuesday. “As an options trader, I think this is a really great opportunity to start looking for trades in a stock like this, as we are seeing it move sideways.”

“I look at buying something like a $170 call, probably taking that out to the end of March, so a fairly quick move,” said Potter. “I’m taking that risk off the table in terms of how much I’m paying, so I might be buying a call, looking to purchase at around $4, as opposed to just picking up the stock and looking for that quick pop to the upside.”

Potter is betting Apple will stay above the $170 strike price by the cost of the options contract by March 29 expiration. Apple would have to fall 3 percent to move below $170.

“Intel as well is poised again to move higher,” added Potter. “It’s a much cheaper stock. It has had some larger moves up and down and because of that volatility, that looks pretty exciting to me, too. Again, I would just be looking to keep it straight and keep it quick so buying a call, holding the trade for about three weeks, looking for that to pop up and move higher.”

Potter is targeting a move back up to previous highs at $58 and would exit the position if it dropped below $53.

Finally, Broadcom could also get a big boost if trade issues get resolved, says Potter, though it carries higher risk than the others.

“This one may be a little bit riskier because it already has had some large moves,” said Potter. “Be just a little more cautious in making sure that you’re not buying the top. But certainly I would be remiss not to talk about a stock like this, especially when we’re linking it to tariffs, because it is so directly related.”

Intel has outperformed the market so far this year with a 13 percent gain, while Broadcom and Apple have lagged.


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: keris lahiff, michael nagle, bloomberg, getty images, nicolas asfouri, afp, luke sharrett, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, names, play, potter, taking, uschina, talks, buying, summit, looking, apple, higher, progress, tech, stock, quick, trade


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dow futures point to a flat open as investors monitor US-China trade developments

U.S. stock index futures were marginally higher Tuesday morning with market players still focused on U.S.-China trade developments. ET, Dow futures rose 7 points, indicating a positive open of just 4 points. More broadly, market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last days. Sources told CNBC Monday that U.S.-China trade negotiations are in the “final stages” and that a summit in Mar-a-Lago late


U.S. stock index futures were marginally higher Tuesday morning with market players still focused on U.S.-China trade developments. ET, Dow futures rose 7 points, indicating a positive open of just 4 points. More broadly, market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last days. Sources told CNBC Monday that U.S.-China trade negotiations are in the “final stages” and that a summit in Mar-a-Lago late
Dow futures point to a flat open as investors monitor US-China trade developments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: silvia amaro
Keywords: news, cnbc, companies, market, players, futures, open, president, points, et, set, point, investors, dow, trade, developments, later, uschina, flat, monitor


Dow futures point to a flat open as investors monitor US-China trade developments

U.S. stock index futures were marginally higher Tuesday morning with market players still focused on U.S.-China trade developments.

At around 02:20 a.m. ET, Dow futures rose 7 points, indicating a positive open of just 4 points. Futures on the S&P and Nasdaq both pointed to a narrowly higher open.

Wall Street ended Monday on a negative note, after some disappointing data affected market sentiment. Construction spending fell 0.6 percent in December.

More broadly, market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last days. Sources told CNBC Monday that U.S.-China trade negotiations are in the “final stages” and that a summit in Mar-a-Lago later this month could close the deal.

On the economic front, there will be services PMIs at 9.45 a.m. ET; new home sales at 10 a.m. ET and federal budget figures released at 2p.m. ET.

In the corporate calendar, Target and Kohl’s are set to report before the bell.

Furthermore, Richmond Fed President Tom Barkin and Boston Fed President Eric Rosengren are set to deliver individual speeches later on Tuesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: silvia amaro
Keywords: news, cnbc, companies, market, players, futures, open, president, points, et, set, point, investors, dow, trade, developments, later, uschina, flat, monitor


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Treasury yields rise amid US-China trade developments

U.S. government debt prices were lower Tuesday as traders monitored U.S.-China trade developments. The yield on the benchmark 10-year Treasury note rose to around 2.737 percent, while the yield on the 30-year Treasury bond increased to 3.101 percent. Market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last few days. Sources told CNBC Monday that U.S.-China trade negotiations are in the “final stages” and


U.S. government debt prices were lower Tuesday as traders monitored U.S.-China trade developments. The yield on the benchmark 10-year Treasury note rose to around 2.737 percent, while the yield on the 30-year Treasury bond increased to 3.101 percent. Market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last few days. Sources told CNBC Monday that U.S.-China trade negotiations are in the “final stages” and
Treasury yields rise amid US-China trade developments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: ryan browne
Keywords: news, cnbc, companies, rise, uschina, et, yield, developments, president, yields, bond, treasury, later, fed, amid, trade, report


Treasury yields rise amid US-China trade developments

U.S. government debt prices were lower Tuesday as traders monitored U.S.-China trade developments.

The yield on the benchmark 10-year Treasury note rose to around 2.737 percent, while the yield on the 30-year Treasury bond increased to 3.101 percent. Bond yields move inversely to prices.

Market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last few days. Sources told CNBC Monday that U.S.-China trade negotiations are in the “final stages” and that a summit in Mar-a-Lago later this month could close the deal.

The New York Times also said in a report that Monday the trade deal being discussed would do little to address key structural issues. These include efforts by the Chinese to curb cybertheft and subsidies that the Trump administration argues make it harder for U.S. companies to do business in China.

Meanwhile, the Commerce Department said Monday that construction spending dropped 0.6 percent in December. Economists polled by Refinitiv had forecast a gain of 0.2 percent.

In other data news, there will be services PMIs at 9.45 a.m. ET; new home sales at 10 a.m. ET and federal budget figures released at 2 p.m. ET.

Furthermore, Richmond Fed President Tom Barkin and Boston Fed President Eric Rosengren are set to deliver individual speeches later on Tuesday.

– CNBC’s Silvia Amaro and Fred Imbert contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: ryan browne
Keywords: news, cnbc, companies, rise, uschina, et, yield, developments, president, yields, bond, treasury, later, fed, amid, trade, report


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post