US futures point to slightly higher open

U.S. stocks were set to open slightly higher Wednesday morning. ET, Dow futures rose 46 points, indicating a positive open of more than 24 points. Futures on the S&P and Nasdaq were also marginally higher. U.S. stocks ended Tuesday little changed amid a fall in tech shares. Meanwhile, according to the American Chamber of Commerce in Shanghai, some American companies are speeding up their move away from China amid the imposition of U.S. tariffs.


U.S. stocks were set to open slightly higher Wednesday morning. ET, Dow futures rose 46 points, indicating a positive open of more than 24 points. Futures on the S&P and Nasdaq were also marginally higher. U.S. stocks ended Tuesday little changed amid a fall in tech shares. Meanwhile, according to the American Chamber of Commerce in Shanghai, some American companies are speeding up their move away from China amid the imposition of U.S. tariffs.
US futures point to slightly higher open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: silvia amaro
Keywords: news, cnbc, companies, stocks, open, points, higher, trade, china, american, tech, amid, wednesdays, slightly, futures, point


US futures point to slightly higher open

U.S. stocks were set to open slightly higher Wednesday morning.

At around 1:40 a.m. ET, Dow futures rose 46 points, indicating a positive open of more than 24 points. Futures on the S&P and Nasdaq were also marginally higher.

U.S. stocks ended Tuesday little changed amid a fall in tech shares. Ahead of Wednesday’s session, the focus is on trade relations between China and the U.S. Beijing released a tariff exemptions list for products from the U.S. on Wednesday morning.

Meanwhile, according to the American Chamber of Commerce in Shanghai, some American companies are speeding up their move away from China amid the imposition of U.S. tariffs.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: silvia amaro
Keywords: news, cnbc, companies, stocks, open, points, higher, trade, china, american, tech, amid, wednesdays, slightly, futures, point


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‘Everything seems like a trap now’ — Cramer warns about mixed signals in the stock market

Investors should be careful not to buy or sell stocks based on last week’s brief inversion of the yield curve in the bond market, CNBC’s Jim Cramer warned on Monday. “Everything seems like a trap now,” Cramer said on CNBC’s “Squawk Box.” “It was a trap to sell off the inverted, and now they have to go buy back on the uninverted. Over the weekend, White House trade advisor Peter Navarro played down Wednesday’s inversion, saying technically it was more flat than inverted. Cramer said he hears more


Investors should be careful not to buy or sell stocks based on last week’s brief inversion of the yield curve in the bond market, CNBC’s Jim Cramer warned on Monday. “Everything seems like a trap now,” Cramer said on CNBC’s “Squawk Box.” “It was a trap to sell off the inverted, and now they have to go buy back on the uninverted. Over the weekend, White House trade advisor Peter Navarro played down Wednesday’s inversion, saying technically it was more flat than inverted. Cramer said he hears more
‘Everything seems like a trap now’ — Cramer warns about mixed signals in the stock market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trade, sell, market, yield, warns, inversion, inverted, mixed, stock, recession, wednesdays, signals, cramer, uninverted, stocks, trap


'Everything seems like a trap now' — Cramer warns about mixed signals in the stock market

Investors should be careful not to buy or sell stocks based on last week’s brief inversion of the yield curve in the bond market, CNBC’s Jim Cramer warned on Monday.

Cramer was skeptical about buying the Dow Jones Industrial Average’s 300-point advance at the open on Wall Street, which was playing out against the backdrop of continuing bond yield stabilization.

“Everything seems like a trap now,” Cramer said on CNBC’s “Squawk Box.” “It was a trap to sell off the inverted, and now they have to go buy back on the uninverted. What happens if we get inverted again?”

Last Wednesday, stocks tanked after the 10-year Treasury yield briefly inverted and dipped below the 2-year for the first time since before the 2008 financial crisis and subsequent Great Recession.

Such a move preceded every recession over the past 50 years.

“The idea that we uninverted the yield curve is something that lasts for, who knows, like an hour,” the “Mad Money” host said, facetiously, arguing against reading too much into the inversion theory.

Over the weekend, White House trade advisor Peter Navarro played down Wednesday’s inversion, saying technically it was more flat than inverted. For a true inversion, he argued, the spread would need to have been much larger. President Donald Trump said he does not see a recession on the horizon.

If the Dow were to hold on to its early gains by Monday’s close, it would erase all of Wednesday’s 800-point sell-off, the worst single-session of the year.

Cramer said he understands why investors might be suspicious of the economy, given the track record of inversions as recession indicators and the concerns about global economic growth due to the U.S.-China trade war.

Cramer said he hears more doom and gloom in the media than he does from companies. “I do feel like things are worse when I listen to people talk, than reality,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trade, sell, market, yield, warns, inversion, inverted, mixed, stock, recession, wednesdays, signals, cramer, uninverted, stocks, trap


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Dow futures are stable in overnight trading after Wednesday’s big rout

The little changed trading follows the Dow Jones Industrial Average’s worst day of the year on Wednesday amid a recession signal from the bond market. Dow futures opened down about 32 points Wednesday evening, but then climbed back to about little changed. The stock market took a huge hit in the previous session with the Dow plunging 800 points in its fourth-largest point drop ever to a two-month low. Growth of China’s industrial output slowed to 4.8% in July from a year earlier, the weakest gro


The little changed trading follows the Dow Jones Industrial Average’s worst day of the year on Wednesday amid a recession signal from the bond market. Dow futures opened down about 32 points Wednesday evening, but then climbed back to about little changed. The stock market took a huge hit in the previous session with the Dow plunging 800 points in its fourth-largest point drop ever to a two-month low. Growth of China’s industrial output slowed to 4.8% in July from a year earlier, the weakest gro
Dow futures are stable in overnight trading after Wednesday’s big rout Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: yun li
Keywords: news, cnbc, companies, trading, dow, big, trade, growth, points, yield, worst, futures, rout, negative, stable, wednesdaythe, stock, trump, overnight, wednesdays


Dow futures are stable in overnight trading after Wednesday's big rout

Stock futures stabilized after opening the overnight session lower. The little changed trading follows the Dow Jones Industrial Average’s worst day of the year on Wednesday amid a recession signal from the bond market.

Dow futures opened down about 32 points Wednesday evening, but then climbed back to about little changed. The stock market took a huge hit in the previous session with the Dow plunging 800 points in its fourth-largest point drop ever to a two-month low. The Dow’s 3% drop was the worst this year. The S&P 500 also fell nearly 3%.

The massive sell-off was triggered by a bond market phenomenon on Wednesday where the yield on the benchmark 10-year Treasury note briefly broke below the 2-year rate. The inversion of this key part of the yield curve has been a reliable indicator of economic recessions. As of Wednesday evening, the curve was no longer inverted.

“The 2-10 inversion is sending a massively negative signal that stocks are having a difficult time ignoring,” Adam Crisafulli, a J.P. Morgan managing director, said in a note on Wednesday.

The weak economic data around the world also fueled concerns that the global slowdown could tip the U.S. economy into a recession. Growth of China’s industrial output slowed to 4.8% in July from a year earlier, the weakest growth in 17 years. Germany also saw a negative GDP print, while the growth in euro zone also slowed at a faster pace than expected.

Investors remained on edge about the trade tensions between the U.S. and China. President Donald Trump in a tweet after the bell Wednesday linked the trade battle to the increasingly violent protests in Hong Kong, further complicating the trade issue. But he also proposed a personal meeting between him and Chinese President Xi.

This week, Trump decided to delay tariffs on certain Chinese goods while outright removing some items from the tariff list, a move to avoid any negative impact on the holiday shopping season. The announcement sent the Dow rallying more than 300 points on Tuesday. Those gains were lost in the big sell-off Wednesday.

The deferral “helps China more than us, but will be reciprocated,” Trump said Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: yun li
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Here’s what you need to know about the second night of the 2020 Democratic primary debate in Miami

The Adrienne Arsht Center for the Performing Arts touts the first Democratic presidential primary debates for the 2020 elections June 25, 2019 in Miami, Florida. Half of the debate participants squared off Wednesday night in Miami, calling for changes to boost the working class and showing competing visions for health care and immigration. A group of 10 Democrats, including some of the top contenders for the 2020 presidential nomination, will take the stage Thursday night to round out the first


The Adrienne Arsht Center for the Performing Arts touts the first Democratic presidential primary debates for the 2020 elections June 25, 2019 in Miami, Florida. Half of the debate participants squared off Wednesday night in Miami, calling for changes to boost the working class and showing competing visions for health care and immigration. A group of 10 Democrats, including some of the top contenders for the 2020 presidential nomination, will take the stage Thursday night to round out the first
Here’s what you need to know about the second night of the 2020 Democratic primary debate in Miami Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: jacob pramuk
Keywords: news, cnbc, companies, harris, heres, wednesdays, stage, 2020, primary, democratic, sen, debate, night, thursdays, working, second, need, mayor, sanders, miami, know


Here's what you need to know about the second night of the 2020 Democratic primary debate in Miami

The Adrienne Arsht Center for the Performing Arts touts the first Democratic presidential primary debates for the 2020 elections June 25, 2019 in Miami, Florida.

The 10 candidates will face off from 9 p.m. ET to 11 p.m. ET at the Adrienne Arsht Center for the Performing Arts in Miami. The debates, hosted by NBC News, MSNBC and Telemundo, will air live on those networks both nights. CNBC will also stream them.

Half of the debate participants squared off Wednesday night in Miami, calling for changes to boost the working class and showing competing visions for health care and immigration. Thursday’s debate stage will feature four of the top five candidates, according to the vast majority of early national and state primary polls: former Vice President Joe Biden, Sen. Bernie Sanders, I-Vt., Sen. Kamala Harris, D-Calif., and South Bend Mayor Pete Buttigieg.

A group of 10 Democrats, including some of the top contenders for the 2020 presidential nomination, will take the stage Thursday night to round out the first primary election debate.

Jose Diaz-Balart, Savannah Guthrie, Lester Holt, Rachel Maddow and Chuck Todd will moderate the debate for a second night. Thursday’s event will feature the same rules as Wednesday’s: 60 seconds to answer questions and 30 seconds to respond to follow ups.

Several themes of Wednesday’s debate could play a role in Thursday’s contest, as well. During one of the first night’s most striking moments, just Sen. Elizabeth Warren, D-Mass., and New York Mayor Bill de Blasio, said they supported Sanders’ vision of “Medicare for All” that would eliminate the private health insurance industry, one of the few areas where the contenders diverged. Among Thursday’s group, Biden has opposed a single-payer Medicare for All system, while Harris has insisted she does not want to end the private health care industry.

Meanwhile, Thursday’s contenders will likely join Wednesday’s participants in trying to make their case as the candidate best equipped to lift the working class.

Keep an eye on Biden, who has emerged as the early frontrunner in the race by leading in nearly every survey. He could have a target on his back, particularly after his comments about working with segregationist senators and suggestion that nothing would fundamentally change for wealthy donors if he became president.

Here’s who will take the stage during Thursday’s debate, listed in alphabetical order:

Former Vice President Joe Biden

Sen. Michael Bennet, D-Colo.

South Bend, Indiana, Mayor Pete Buttigieg

Sen. Kirsten Gillibrand, D-N.Y.

Sen. Kamala Harris, D-Calif.

Former Colorado Gov. John Hickenlooper

Sen. Bernie Sanders, I-Vt.

Rep. Eric Swalwell, D-Calif.

Author Marianne Williamson

Entrepreneur Andrew Yang

Here’s the group that already squared off on Wednesday:

Sen. Cory Booker, D-N.J.

Former Housing and Urban Development Secretary Julian Castro

New York Mayor Bill de Blasio

Former Rep. John Delaney

Rep. Tulsi Gabbard, D-Hi.

Washington Gov. Jay Inslee

Sen. Amy Klobuchar, D-Minn.

Former Rep. Beto O’Rourke

Rep. Tim Ryan, D-Ohio

Sen. Elizabeth Warren, D-Mass.

Read more of CNBC’s coverage previewing the first Democratic debate:

Joe Biden’s record on women’s issues could take center stage at the Democratic debate this week

Here’s what 2020 long-shot Marianne Williamson’s candidacy says about the state of American politics in the age of Trump

Biden, Harris and Buttigieg rack up big money support as 2020 Democrats battle for donors

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: jacob pramuk
Keywords: news, cnbc, companies, harris, heres, wednesdays, stage, 2020, primary, democratic, sen, debate, night, thursdays, working, second, need, mayor, sanders, miami, know


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Cramer: Wednesday’s ‘crazy session’ is a perfect example of the market’s new normal

A cross current of bad retail data and market-moving news out of the White House carried Wall Street higher on Wednesday, CNBC’s Jim Cramer said. “I want to walk you through what happened in this crazy session because it is a perfect encapsulation of the new normal.” Macy’s saw action during the session similar to Ralph Lauren’s the day prior, Cramer said. The Trump administration has imposed tariffs on 40% of imports from China and is considering slapping duties on the remaining 60%, Cramer sai


A cross current of bad retail data and market-moving news out of the White House carried Wall Street higher on Wednesday, CNBC’s Jim Cramer said. “I want to walk you through what happened in this crazy session because it is a perfect encapsulation of the new normal.” Macy’s saw action during the session similar to Ralph Lauren’s the day prior, Cramer said. The Trump administration has imposed tariffs on 40% of imports from China and is considering slapping duties on the remaining 60%, Cramer sai
Cramer: Wednesday’s ‘crazy session’ is a perfect example of the market’s new normal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: tyler clifford
Keywords: news, cnbc, companies, session, wall, white, crazy, wednesdays, chinese, today, cramer, normal, trump, trade, stocks, tariffs, street, example, markets, perfect


Cramer: Wednesday's 'crazy session' is a perfect example of the market's new normal

A cross current of bad retail data and market-moving news out of the White House carried Wall Street higher on Wednesday, CNBC’s Jim Cramer said.

The Dow Jones Industrial Average gained nearly 116 points Wednesday. The S&P 500 advanced 0.58%, while the Nasdaq Composite advanced 1.13%.

“We got a weird combination of tailwinds today … Turns out we can get good news, too, and some days like today the stock market actually makes sense,” the “Mad Money” host said. “I want to walk you through what happened in this crazy session because it is a perfect encapsulation of the new normal.”

The market had a rough opening after news that retail sales declined for the second time in three months, tallying a 0.2% fall in April. The weakness included autos, home centers and the internet stores, Cramer said.

That brought the benchmark 10-year Treasury to its lowest yield of the year at 2.37% and pushed buyers into stocks with safe, consistent dividends, he noted, including Kimberly-Clark and PepsiCo. Money also moved into Facebook, Amazon, Netflix and Google’s Alphabet, along with the financial technology plays of PayPal, Square Inc., Visa and MasterCard, he added.

Even health care stocks, which have been hurting amid calls from some Democratic presidential candidates for a single-payer system, rallied because the industry does well in a slowing economy, Cramer said.

Macy’s saw action during the session similar to Ralph Lauren’s the day prior, Cramer said. The department chain’s share price rallied after the company reported an earnings beat and recorded higher-than-expected sales in the morning, but the company ultimately revealed how vulnerable it is to tariffs and finished down 0.46%.

The Trump administration has imposed tariffs on 40% of imports from China and is considering slapping duties on the remaining 60%, Cramer said.

“If that happens, the analysts will have to slash their estimates on this one,” Cramer said. “Macy’s won’t be alone. Almost every retailer has some exposure because they’ve spent decades sourcing their merchandise from Chinese vendors in order to keep costs down. Now that’s blowing up in their faces.”

Later in the day, news broke that the White House plans to delay automotive tariffs by up to six months.

“I can’t overemphasize the importance of this leaked news,” Cramer said. “In one fell swoop, [President Donald] Trump went from being a hated protectionist, know-nothing to someone who might be cleverly assembling a coalition of the willing in the trade war against the Chinese, at least in the eyes of Wall Street.”

Furthermore, more CEOs of companies that deal with China are warming up to the action that Trump has taken on the country, Cramer said.

That includes Goldman Sachs CEO David Solomon, who on Tuesday tweeted: “Tariffs might be an effective negotiating tool.” Cramer also highlighted that New York Times foreign affairs columnist Tom Friedman, who is a proponent of globalization, came out in support of the trade war.

“To me, these represent tectonic shifts in the Wall Street consensus,” Cramer said. “I think it gives Trump a much better bargaining position versus the Chinese, and it certainly gave us higher stock prices.”


Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: tyler clifford
Keywords: news, cnbc, companies, session, wall, white, crazy, wednesdays, chinese, today, cramer, normal, trump, trade, stocks, tariffs, street, example, markets, perfect


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Occidental Petroleum bids $76 for Anadarko, trumping Chevron offer for the oil and gas driller

Occidental Petroleum bid $76 a share for Anadarko Petroleum on Wednesday, higher than a previous offer by Chevron for the oil and gas driller. The new Occidental offer, which was sent via a letter to Anadarko’s board on Wednesday, is half cash and half stock, specifically $38 in cash and 0.6094 Occidental shares. CNBC later reported there was another bidder for Anadarko, Occidental, which was offering mid-$70s per share before Chevron stepped in with its offer. After the new Occidental bid, Anad


Occidental Petroleum bid $76 a share for Anadarko Petroleum on Wednesday, higher than a previous offer by Chevron for the oil and gas driller. The new Occidental offer, which was sent via a letter to Anadarko’s board on Wednesday, is half cash and half stock, specifically $38 in cash and 0.6094 Occidental shares. CNBC later reported there was another bidder for Anadarko, Occidental, which was offering mid-$70s per share before Chevron stepped in with its offer. After the new Occidental bid, Anad
Occidental Petroleum bids $76 for Anadarko, trumping Chevron offer for the oil and gas driller Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: david faber, jamie schwaberow, bloomberg, getty images
Keywords: news, cnbc, companies, oil, gas, shares, chevron, stock, driller, anadarko, bids, cash, petroleum, offer, occidental, trading, wednesdays, trumping, share


Occidental Petroleum bids $76 for Anadarko, trumping Chevron offer for the oil and gas driller

Occidental Petroleum bid $76 a share for Anadarko Petroleum on Wednesday, higher than a previous offer by Chevron for the oil and gas driller.

The new Occidental offer, which was sent via a letter to Anadarko’s board on Wednesday, is half cash and half stock, specifically $38 in cash and 0.6094 Occidental shares. It values Anadarko at $57 billion, including debt.

Chevron announced an agreement on April 12 to buy Anadarko for $33 billion in cash and stock, valuing the company at $65 a share. CNBC later reported there was another bidder for Anadarko, Occidental, which was offering mid-$70s per share before Chevron stepped in with its offer.

After the new Occidental bid, Anadarko shares surged 10% in Wednesday’s premarket trading, to above $70.

The Chevron offer is a 75% stock and 25% cash transaction. The breakup fee for the Chevron-Anadarko deal is said to be 3% of the deal, sources said.

“Anadarko has great assets,” Occidental CEO Vicki Hollub said in a interview on CNBC’s “Squawk Box” on Wednesday. “We are the right acquirer … because we can get the most out of the shale.”

Hollub said she considers this a friendly offer, even though Anadarko may not see it that way. The offer is 20% above where Anadarko was trading on Tuesday.

Occidental shares fell more than 7 percent in Wednesday’s premarket. Chevron, whose stock was flat, did not immediately return a call for comment.

— With reporting by Tom DiChristopher

This is a developing story. Check back for updates.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: david faber, jamie schwaberow, bloomberg, getty images
Keywords: news, cnbc, companies, oil, gas, shares, chevron, stock, driller, anadarko, bids, cash, petroleum, offer, occidental, trading, wednesdays, trumping, share


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The Powerball jackpot is up to $750 million — here’s who won the 5 biggest US lottery prizes ever

The Powerball jackpot keeps climbing, and the lottery is now on the verge of handing out one of the biggest jackpots in US history. The pot has been growing since the last time someone bought a winning Powerball ticket in December 2018. If some lucky lotto player does select all of the winning numbers for Wednesday’s Powerball drawing, the $750 million jackpot would be the fourth-largest US lottery prize in history. The odds of actually winning the top Powerball prize this week are roughly one i


The Powerball jackpot keeps climbing, and the lottery is now on the verge of handing out one of the biggest jackpots in US history. The pot has been growing since the last time someone bought a winning Powerball ticket in December 2018. If some lucky lotto player does select all of the winning numbers for Wednesday’s Powerball drawing, the $750 million jackpot would be the fourth-largest US lottery prize in history. The odds of actually winning the top Powerball prize this week are roughly one i
The Powerball jackpot is up to $750 million — here’s who won the 5 biggest US lottery prizes ever Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: tom huddleston jr, photo, justin sullivan, getty images, boston globe, belleville news-democrat, getty image
Keywords: news, cnbc, companies, million, lottery, winning, wednesdays, drawing, prizes, option, 750, powerball, heres, won, jackpot, prize, sum, biggest


The Powerball jackpot is up to $750 million — here's who won the 5 biggest US lottery prizes ever

The Powerball jackpot keeps climbing, and the lottery is now on the verge of handing out one of the biggest jackpots in US history.

The Powerball jackpot is now at a whopping $750 million for the March 27 drawing after no one managed to pick all of the winning numbers to win the more than $600 million prize on Saturday. The pot has been growing since the last time someone bought a winning Powerball ticket in December 2018.

If some lucky lotto player does select all of the winning numbers for Wednesday’s Powerball drawing, the $750 million jackpot would be the fourth-largest US lottery prize in history. But, that jackpot would still be about half the sizeof the all-time record for a US lottery drawing, which came in January 2016. That Powerball drawing awarded $1.59 billion, while a close runner-up was the $1.54 billion Mega Millions prize handed out in October.

The odds of actually winning the top Powerball prize this week are roughly one in 292 million, according to Powerball.

Lottery winners choose between receiving their winnings in an annuity — with payments over 30 years — or the more popular option, a single lump sum payment in a smaller amount (that’s the option Kevin O’Leary says you should choose). The lump sum on Wednesday’s Powerball drawing is $465.5 million.

Here is a look at the top lottery prizes ever won (so far).


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: tom huddleston jr, photo, justin sullivan, getty images, boston globe, belleville news-democrat, getty image
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The market could be setting itself up for a letdown from Wednesday’s Fed decision

“If the Fed does not confirm these expectations, a renewed bout of market turbulence could begin.” LaVorgna added that he does not expect meaningful adjustments in the Fed’s expectations for unemployment and inflation, a development that could make Wall Street nervous. Worries that the Fed would be more hawkish, or prone to hiking rates and tightening monetary policy, sent Wall Street spiraling lower, with major averages briefly touching bear market territory. It’s been a different story since c


“If the Fed does not confirm these expectations, a renewed bout of market turbulence could begin.” LaVorgna added that he does not expect meaningful adjustments in the Fed’s expectations for unemployment and inflation, a development that could make Wall Street nervous. Worries that the Fed would be more hawkish, or prone to hiking rates and tightening monetary policy, sent Wall Street spiraling lower, with major averages briefly touching bear market territory. It’s been a different story since c
The market could be setting itself up for a letdown from Wednesday’s Fed decision Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: jeff cox
Keywords: news, cnbc, companies, wednesdays, market, economist, does, street, setting, expectations, major, fed, letdown, decision, wall, start, averages


The market could be setting itself up for a letdown from Wednesday's Fed decision

The talk of a rate cut from the Fed is premature, says economist Arthur Laffer 5 Hours Ago | 05:12

Should the policymaking Federal Open Market Committee not deliver on any of those measures, the result may not be pretty.

“Markets could be very disappointed to see more hikes on the horizon,” Joseph LaVorgna, chief economist for the Americas at Natixis, said in a note to clients. “If the Fed does not confirm these expectations, a renewed bout of market turbulence could begin.”

LaVorgna added that he does not expect meaningful adjustments in the Fed’s expectations for unemployment and inflation, a development that could make Wall Street nervous.

The markets have been remarkably sanguine to start 2019 after a brutal end to 2018. Worries that the Fed would be more hawkish, or prone to hiking rates and tightening monetary policy, sent Wall Street spiraling lower, with major averages briefly touching bear market territory.

It’s been a different story since central bank officials changed their rhetoric to start the year, and major averages all are up at least 11 percent.

That rally has coincided with a repricing of Fed risk.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: jeff cox
Keywords: news, cnbc, companies, wednesdays, market, economist, does, street, setting, expectations, major, fed, letdown, decision, wall, start, averages


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Australia dollar skids as the economy slows sharply

Australia’s economy slowed sharply in the second half of last year as consumers shut their wallets and housing construction pulled back, data showed on Wednesday, sending the local currency to a two-month trough. The gross domestic product (GDP) figures showed the A$1.8 trillion ($1.32 trillion) economy expanded 0.2 percent in the fourth quarter, slower than the 0.3 percent increase economists had forecast in a Reuters poll. The disappointing outcome sent the Australian dollar down 0.4 percent t


Australia’s economy slowed sharply in the second half of last year as consumers shut their wallets and housing construction pulled back, data showed on Wednesday, sending the local currency to a two-month trough. The gross domestic product (GDP) figures showed the A$1.8 trillion ($1.32 trillion) economy expanded 0.2 percent in the fourth quarter, slower than the 0.3 percent increase economists had forecast in a Reuters poll. The disappointing outcome sent the Australian dollar down 0.4 percent t
Australia dollar skids as the economy slows sharply Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: brendon thorne, bloomberg, getty images
Keywords: news, cnbc, companies, sharply, outcome, australia, wednesdays, dollar, data, growth, trillion, slows, twomonth, skids, countrys, spending, gdp, showed, economy


Australia dollar skids as the economy slows sharply

Australia’s economy slowed sharply in the second half of last year as consumers shut their wallets and housing construction pulled back, data showed on Wednesday, sending the local currency to a two-month trough.

The gross domestic product (GDP) figures showed the A$1.8 trillion ($1.32 trillion) economy expanded 0.2 percent in the fourth quarter, slower than the 0.3 percent increase economists had forecast in a Reuters poll. Third-quarter growth was unrevised at 0.3 percent.

Annual GDP rose a below-trend 2.3 percent, the slowest since mid-2017 and confounding expectations for a 2.5 percent increase.

The dismal figures challenge the optimism of the country’s central bank, which expects growth to pick up to around 3 percent this year. The data also raises questions over whether the country’s recession-free run of 27 years is losing steam.

The disappointing outcome sent the Australian dollar down 0.4 percent to a two-month low of $0.7052.

A major setback in Wednesday’s data came from private consumption, which contributed just 0.2 percent to overall growth as households cut back on spending. The category accounts for about 57 percent of Australia’s GDP.

An escalating decline in Sydney and Melbourne home prices has eaten into consumer wealth at a time when they hold record levels of mortgage debt. A long stretch of unusually slow wages growth has also throttled household incomes, and shows few signs of changing anytime soon.

The sharper-than-expected downturn in the country’s once-booming property market has become a significant point of uncertainty for the Reserve Bank of Australia (RBA), which cut its growth and inflation forecasts last month and moved away from a previous tightening bias.

A decline in dwelling construction was one reason for the soft fourth-quarter outcome, while government spending was the only silver lining in Wednesday’s report.


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: brendon thorne, bloomberg, getty images
Keywords: news, cnbc, companies, sharply, outcome, australia, wednesdays, dollar, data, growth, trillion, slows, twomonth, skids, countrys, spending, gdp, showed, economy


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US futures slip following earlier halt on the CME

U.S. futures pointed to declines for stocks on Wall Street at Wednesday’s open. The futures contracts for U.S. stock markets, Treasurys and commodities resumed trade on Tuesday evening stateside after being halted for several hours earlier due to a technical fault at CME Group. Stock market futures stateside were largely tepid following the resumption of trading. CME Group said in a tweet on its official account that the halt on all CME Globex markets was due to “technical issues,” referring to


U.S. futures pointed to declines for stocks on Wall Street at Wednesday’s open. The futures contracts for U.S. stock markets, Treasurys and commodities resumed trade on Tuesday evening stateside after being halted for several hours earlier due to a technical fault at CME Group. Stock market futures stateside were largely tepid following the resumption of trading. CME Group said in a tweet on its official account that the halt on all CME Globex markets was due to “technical issues,” referring to
US futures slip following earlier halt on the CME Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: eustance huang
Keywords: news, cnbc, companies, trade, following, halt, trading, worth, wall, cme, market, slip, vietnamese, markets, testimony, earlier, wednesdays, futures


US futures slip following earlier halt on the CME

U.S. futures pointed to declines for stocks on Wall Street at Wednesday’s open.

The futures contracts for U.S. stock markets, Treasurys and commodities resumed trade on Tuesday evening stateside after being halted for several hours earlier due to a technical fault at CME Group.

Stock market futures stateside were largely tepid following the resumption of trading. Dow Jones Industrial Average futures slipped 52 points as of 2:35 a.m. ET Wednesday, implying an opening decline of 65.98 points for the index at Wednesday’s open. S&P 500 and Nasdaq 100 futures also pointed to declines at the open.

CME Group said in a tweet on its official account that the halt on all CME Globex markets was due to “technical issues,” referring to the main market for trading U.S. futures overnight.

CME Globex markets resumed trading at 9:45 p.m. CT Tuesday (10:45 p.m. ET).

Shares on Wall Street slipped during Tuesday’s trading session amid disappointing earnings, mixed U.S. economic data as well as a testimony from Fed Chair Jerome Powell.

Powell delivered his testimony to a U.S. Senate committee on Tuesday, noting that the U.S. economic outlook was “generally favorable” but warned of headwinds from overseas. China and Europe were particular areas of concern, he said, adding that the Fed was watching how Brexit negotiations and trade talks play out.

“Fed chair Jerome Powell stuck to the ‘cautious’ script in his testimony to the Senate yesterday,” Robert Carnell, head of research in Asia Pacific for ING Bank, said in a note.

“He struck a solidly neutral tone, in contrast with the market view that sees the (Federal Open Market Committee’s) next move as downwards,” Carnell said.

On the geopolitical front, President Donald Trump and North Korean leader Kim Jong Un are meeting Wednesday in Vietnam for the second time in less than a year.

Trump and his Vietnamese counterpart Nguyen Phu Trong on Wednesday presided over the signing of several trade deals in Hanoi. They include agreements to sell the Southeast Asian nation Boeing planes worth billions of dollars. Vietnamese carriers VietJet and Bamboo Airways inked deaks worth more than $15 billionwith Boeing to purchase 110 planes.

— CNBC’s Jeff Cox and AP contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: eustance huang
Keywords: news, cnbc, companies, trade, following, halt, trading, worth, wall, cme, market, slip, vietnamese, markets, testimony, earlier, wednesdays, futures


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