Retail sales, small business sentiment, and other news affecting your money in the week ahead

Wall Street will be monitoring the all-important retail sales report due on Friday, especially as the holidays draw near. And a monthly survey of small business owners is scheduled for release on Tuesday. Economists forecast a big increase in consumer spendingWhat’s happening: The monthly retail sales report for November is scheduled for release on Friday, December 13. Small business owners may feel more optimisticWhat’s happening: A monthly report that measures confidence among small business o


Wall Street will be monitoring the all-important retail sales report due on Friday, especially as the holidays draw near.
And a monthly survey of small business owners is scheduled for release on Tuesday.
Economists forecast a big increase in consumer spendingWhat’s happening: The monthly retail sales report for November is scheduled for release on Friday, December 13.
Small business owners may feel more optimisticWhat’s happening: A monthly report that measures confidence among small business o
Retail sales, small business sentiment, and other news affecting your money in the week ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: anna-louise jackson
Keywords: news, cnbc, companies, traders, small, week, sentiment, business, affecting, owners, ahead, report, money, economy, retail, trade, sales


Retail sales, small business sentiment, and other news affecting your money in the week ahead

The record-busting rally in the U.S. stock market has taken a pause. After major benchmarks set several all-time highs in December, the S&P 500 fell nearly 2% in three days before recovering to end the week higher. Experts say trade remains “the biggest risk out there” for the stock market right now, and that’s likely to create some choppiness in the weeks ahead. That’s because there’s a December 15 deadline looming for China and the U.S. to reach a trade deal before additional U.S. tariffs on Chinese goods take effect. The coming week is likely to be busy. House Speaker Nancy Pelosi on Thursday directed the House committees investigating President Donald Trump to proceed with articles of impeachment, and the Judiciary committee is scheduled to hold a hearing Monday morning on the evidence gathered in the inquiry. The Federal Reserve also will meet for its eighth and final time this year on Tuesday and Wednesday. While surprises on either front could rattle traders, pros point out that even big news can be “a nonissue for the market.” Wall Street will be monitoring the all-important retail sales report due on Friday, especially as the holidays draw near. And a monthly survey of small business owners is scheduled for release on Tuesday. Here’s what to watch in the stock market during the week ahead — and how the news could affect your bottom line.

Economists forecast a big increase in consumer spending

What’s happening: The monthly retail sales report for November is scheduled for release on Friday, December 13. This details how much American consumers spent on things like clothing and food. Economists currently forecast the biggest month-over-month increase in spending since August. Last month’s report showed that retail sales rebounded after falling in September, though Americans cut back on buying big-ticket household items. Meanwhile, economists project that another report due Wednesday will show that average hourly earnings ticked up slightly in November. Why it matters: American consumers have been very resilient this year, even amid signs of slowing in the broader economy. Reports in the past week showed that sentiment improved to the second-best number 2019 and consumers are borrowing more money via revolving credit, like credit cards, at rates not seen since July. Traders on Wall Street track the monthly retail sales report closely because consumer spending accounts for more than two-thirds of U.S. economic growth. What it means for you: Perhaps you haven’t made any changes to your shopping habits, but what your neighbors do matters to the overall economy. What’s more, there are less than three weeks until Christmas and the start of Hanukkah — and spending during the all-important holiday shopping season accounts for about 20% of annual retail sales each year, according to the National Retail Federation.

Small business owners may feel more optimistic

What’s happening: A monthly report that measures confidence among small business owners is scheduled for release on Tuesday by the National Federation of Independent Business. This survey looks at 10 different components, like whether business owners plan to hire more workers or spend more money, and how they feel about the economy. Why it matters: Businesses with fewer than 500 workers account for almost half of private sector employment, so traders closely monitor how these business owners feel. A separate poll last week found that optimism about the future of U.S. trade policy helped lift confidence among small business owners, according to the fourth-quarter 2019 CNBC/SurveyMonkey Small Business Survey. Trade has been key to the rebound in sentiment among business owners, so there’s also a risk if China and the U.S. can’t reach a deal before additional tariffs take effect. That means traders will be keen to see if there are any clues about future readings, especially because sentiment this year has been lower, on average, than either 2017 or 2018. What it means for you: Even if you don’t work for a small business, chances are you know someone who does. Hiring plans are good to track because they reveal important clues about the overall health of the U.S. economy. If employers pull back on adding workers to their payrolls, that may make it more difficult for job seekers to find a new position. Last month’s broader jobs report showed that employers added 266,000 jobs, the most since January. The U.S. economy is nearing full employment, meaning almost everyone willing and able to work can. And it’s generally been a good year for workers.

The bottom line


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: anna-louise jackson
Keywords: news, cnbc, companies, traders, small, week, sentiment, business, affecting, owners, ahead, report, money, economy, retail, trade, sales


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Here are some of the best analyst calls of the week on Wall Street including PayPal, WWE

Here are some of the best analyst calls on Wall Street this week:MKM – World Wrestling Entertainment, buy ratingMKM reiterated its buy rating on World Wrestling Entertainment this week. The analyst said the company has the “best multi-year growth potential” within the firm’s media and entertainment universe. “A series of meetings we hosted last week with WWE management reinforced our view the company has the best multi-year growth potential within our Media & Entertainment universe. “We also exp


Here are some of the best analyst calls on Wall Street this week:MKM – World Wrestling Entertainment, buy ratingMKM reiterated its buy rating on World Wrestling Entertainment this week.
The analyst said the company has the “best multi-year growth potential” within the firm’s media and entertainment universe.
“A series of meetings we hosted last week with WWE management reinforced our view the company has the best multi-year growth potential within our Media & Entertainment universe.
“We also exp
Here are some of the best analyst calls of the week on Wall Street including PayPal, WWE Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: michael bloom
Keywords: news, cnbc, companies, company, including, paypal, sales, best, entertainment, mondelez, growth, wall, week, online, wwe, street, analyst, amazon, calls


Here are some of the best analyst calls of the week on Wall Street including PayPal, WWE

World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller | Getty Images Entertainment | Getty Images

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Here are some of the best analyst calls on Wall Street this week:

MKM – World Wrestling Entertainment, buy rating

MKM reiterated its buy rating on World Wrestling Entertainment this week. The analyst said the company has the “best multi-year growth potential” within the firm’s media and entertainment universe. The company is also armed with a brand new television contract and international deals, which the firm expects to lead to accelerated subscriber growth. “A series of meetings we hosted last week with WWE management reinforced our view the company has the best multi-year growth potential within our Media & Entertainment universe. WWE is at a financial inflection point with its new, five-year domestic TV rights contract for Raw and Smackdown having commenced this quarter and its largest international deals beginning in 1Q20. Furthermore, the WWE Network is repositioned for a reacceleration in subscriber growth as a result of multiple new initiatives planned over the coming year. … 2020-2024 has multiple catalysts with sizable potential.”

Cowen – AstraZeneca, outperform & top pick for 2020

Cowen named AstraZeneca a top pick for 2020 this week and said the multinational pharmaceutical company has all the “attributes” need to be a “top” performer next year. In addition, the analyst says the company has “low relative exposure” to the U.S. and is “less vulnerable” to election rhetoric. The firm also said the company has “opportunity for upside” and many “promising” new products in the pipeline. “AZN product momentum and high relative growth are not unrecognized. However, drug stocks with these characteristics can outperform for extended periods as management executes, and there is opportunity for upside as forecasts are below AZN guidance/ambitions. Low relative exposure to U.S. makes AZN less vulnerable to election rhetoric. These attributes should drive AZN to top performance in 2020.”

Craig-Hallum- PayPal, buy rating

PayPal is aiding retailers that are making the necessary technology investment to help better compete against Amazon, according to Craig-Hallum. While the analyst says Amazon is still the dominant online retailer he also said that the e-commerce giant doesn’t have the “lock” on online sales that is often believed. The analyst also points out that according to reports, Walmart and Target are growing faster in eCommerce this year than Amazon. Craig-Hallum said PayPal can take advantage of the fact that non-Amazon retailers’ accept the company’s payment while Amazon doesn’t. “We also expect PayPal to benefit from non-Amazon retailers’ significant investment in online sales and digitally originated sales capabilities that more effectively compete against Amazon than in years past. This year we have seen WMT and TGT both growing their e-Commerce sales growing significantly faster than Amazon’s 1st party sales. A number of sources have shown online social media mentions putting BBY, WMT and TGT right in the mix with AMZN and retail experts noting they are well positioned. We believe that not all investors fully appreciate that increased disclosures by Amazon this year caused online sales market share estimates to be revised to 38% from 47% by eMarketer. While still the dominant online retailer, Amazon does not have the lock on online sales that is often perceived.”

Bernstein – Mondelez, outperform rating

Bernstein laid out it’s “Blue-Sky” scenario for Mondelez in a note to clients this week. The firm called the multinational food and beverage holding company a “solid standalone” investment and said it sees a $78 stock in three years. Bernstein said the company has a large exposure to the “faster-growing” snacking category and also believes a merger with Pepsi’s snack business would be a winning combination. “Mondelez represents a solid standalone investment. With ~80% exposure to the faster-growing snacking category and close to 40% of sales in emerging markets, Mondelez has the potential to grow the top-line at ~4% based on its category and geographic exposures. Meanwhile, adding deal-making to the equation could represent additional upside for Mondelez. Should Mondelez’s sales momentum taper off as it faces tougher comps in FY20, this could attract renewed interest from activist investors, who may push for a combination of Mondelez and Pepsi’s snack business to unlock additional value for shareholders.”

Canaccord Genuity – Penumbra, buy rating


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: michael bloom
Keywords: news, cnbc, companies, company, including, paypal, sales, best, entertainment, mondelez, growth, wall, week, online, wwe, street, analyst, amazon, calls


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Ryan Reynolds’ gin company features ‘Peloton wife’ in new ad

The ad from Peloton, a company known for its exercise bikes, stirred up a storm across the internet this week. In the 50-second commercial, a man gives his wife — now known as the “Peloton wife” — an exercise bike as a gift. Following that viral, much criticized Peloton ad, actor Ryan Reynolds’ gin company has come up with a new commercial starring the very same actress at the center of the controversy. A new Aviation Gin commercial now appears to mock that ad. She stares at the camera in a leng


The ad from Peloton, a company known for its exercise bikes, stirred up a storm across the internet this week.
In the 50-second commercial, a man gives his wife — now known as the “Peloton wife” — an exercise bike as a gift.
Following that viral, much criticized Peloton ad, actor Ryan Reynolds’ gin company has come up with a new commercial starring the very same actress at the center of the controversy.
A new Aviation Gin commercial now appears to mock that ad.
She stares at the camera in a leng
Ryan Reynolds’ gin company features ‘Peloton wife’ in new ad Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: weizhen tan
Keywords: news, cnbc, companies, storm, company, saying, features, week, gin, peloton, ryan, exercise, wife, commercial, reynolds


Ryan Reynolds' gin company features 'Peloton wife' in new ad

The ad from Peloton, a company known for its exercise bikes, stirred up a storm across the internet this week. In the 50-second commercial, a man gives his wife — now known as the “Peloton wife” — an exercise bike as a gift. That sparked outrage online as viewers complained about what they saw as undertones of sexism in the ad.

Following that viral, much criticized Peloton ad, actor Ryan Reynolds’ gin company has come up with a new commercial starring the very same actress at the center of the controversy.

A new Aviation Gin commercial now appears to mock that ad. It was posted on Reynolds’ Twitter account on Friday night, with the actor writing in the post: “Exercise bike not included.”

In the ad, the very same actress is at a bar with two friends. She stares at the camera in a lengthy, awkward silence before saying: “This gin is really smooth.”

One of her friends then tell her she’s “safe here,” before they all toast to “new beginnings.” The ad, which has attracted more than a million views in two hours, ends with the friend telling her “you look great.”

Peloton shares took a hit from the storm of criticism, plunging about 15% through the week by Thursday, before picking up slightly on Friday.

The company has since responded, saying it was “disappointed in how some have misinterpreted this commercial.”


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: weizhen tan
Keywords: news, cnbc, companies, storm, company, saying, features, week, gin, peloton, ryan, exercise, wife, commercial, reynolds


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Asia stocks set to inch higher ahead of US payrolls data

Meanwhile, shares in Australia edged higher in early trade, as the S&P/ASX 200 rose about 0.1%. Futures pointed to a higher open for Japanese stocks. Stocks in Asia were set to inch higher at the open on Friday ahead of the release of U.S. nonfarm payrolls data for November expected to be released later in the day stateside. Overnight stateside, stocks ended the session on Wall Street little changed. The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement


Meanwhile, shares in Australia edged higher in early trade, as the S&P/ASX 200 rose about 0.1%.
Futures pointed to a higher open for Japanese stocks.
Stocks in Asia were set to inch higher at the open on Friday ahead of the release of U.S. nonfarm payrolls data for November expected to be released later in the day stateside.
Overnight stateside, stocks ended the session on Wall Street little changed.
The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement
Asia stocks set to inch higher ahead of US payrolls data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: eustance huang
Keywords: news, cnbc, companies, inch, week, stocks, dollar, payrolls, higher, data, asia, street, earlier, levels, wall, ahead, set, trade


Asia stocks set to inch higher ahead of US payrolls data

Meanwhile, shares in Australia edged higher in early trade, as the S&P/ASX 200 rose about 0.1%.

Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,325 while its counterpart in Osaka was at 23,330. The Nikkei 225 last closed at 23,300.09.

Stocks in Asia were set to inch higher at the open on Friday ahead of the release of U.S. nonfarm payrolls data for November expected to be released later in the day stateside.

Overnight stateside, stocks ended the session on Wall Street little changed. The Dow Jones Industrial Average gained just 28.01 points to 27,677.79 while the S&P 500 added 0.16% to 3,117.43. The Nasdaq Composite gained less than 0.1% to 8,570.70.

Investors will await the release of the U.S. governments monthly nonfarm payrolls report expected at 9:30 p.m. HK/SIN on Friday. That would come following a disappointing private payrolls number released Wednesday, and also on the back of the Labor Department saying Thursday that U.S. weekly jobless claims dropped 203,000 last week — the lowest in seven months.

Markets have seen a rocky start to December amid conflicting headlines on the U.S.-China trade front ahead of a closely watched date of Dec. 15 when additional tariffs on Chinese exports to the U.S. go into effect.

The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement over the size of China’s agriculture purchases. Meanwhile, China has given little indication on how negotiations with the U.S. are progressing. Earlier in the week, markets were sent into a frenzy after U.S. President Donald Trump said he may delay a trade deal with China till after the 2020 U.S. presidential election

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.388 after slipping from levels above 98.0 earlier in the trading week.

The Japanese yen traded at 108.73 per dollar after strengthening from levels above 108.8 yesterday. The Australian dollar changed hands at $0.683 after rising from levels below $0.678 earlier in the week.

What’s on tap:


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: eustance huang
Keywords: news, cnbc, companies, inch, week, stocks, dollar, payrolls, higher, data, asia, street, earlier, levels, wall, ahead, set, trade


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TikTok chief to meet with lawmakers next week as suspicions about the app’s ties to China grow

TikTok chief Alex Zhu will meet with lawmakers in Washington, D.C. next week as suspicions around the app’s ties to China continue to grow, CNBC confirmed. Sen. Marsha Blackburn, R-Tenn., will meet with Zhu next week, according to her office. In an interview with The New York Times published last month, Zhu said TikTok does not share user data with the Chinese government or its Chinese parent company. He added that worldwide TikTok user data is stored in Virginia with a backup server in Singapor


TikTok chief Alex Zhu will meet with lawmakers in Washington, D.C. next week as suspicions around the app’s ties to China continue to grow, CNBC confirmed.
Sen. Marsha Blackburn, R-Tenn., will meet with Zhu next week, according to her office.
In an interview with The New York Times published last month, Zhu said TikTok does not share user data with the Chinese government or its Chinese parent company.
He added that worldwide TikTok user data is stored in Virginia with a backup server in Singapor
TikTok chief to meet with lawmakers next week as suspicions about the app’s ties to China grow Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: lauren feiner
Keywords: news, cnbc, companies, suspicions, chief, china, week, lawmakers, zhu, user, told, washington, security, chinese, grow, review, ties, apps, data, tiktok, meet


TikTok chief to meet with lawmakers next week as suspicions about the app's ties to China grow

TikTok chief Alex Zhu will meet with lawmakers in Washington, D.C. next week as suspicions around the app’s ties to China continue to grow, CNBC confirmed. The Washington Post first reported the trip on Thursday.

Sen. Marsha Blackburn, R-Tenn., will meet with Zhu next week, according to her office. Blackburn has been an outspoken critic of the tech industry and of TikTok in particular over suspected vulnerability of its technology to the Chinese government. In a letter last month, Blackburn told Zhu she feared the app, which is popular with a younger audience and owned by Chinese company ByteDance, “is paving the way for the Chinese government to gain unfettered and unsupervised access to our children’s lives.”

TikTok is already facing significant oversight from the U.S. government. The Committee on Foreign Investment in the U.S. (CFIUS) has formally launched a national security review into ByteDance’s 2017 acquisition of Musical.ly, the precursor to TikTok, a person familiar with the matter previously told CNBC. The review followed urging from Sen. Marco Rubio, R-Fla., who claimed in a letter to Treasury Secretary Steven Mnuchin that there is “ample and growing evidence that TikTok’s platform for Western markets, including the U.S., is censoring content that is not in line with the Chinese Government and Communist Party directives.”

TikTok requested a meeting with Rubio as well, according to a congressional aide, but his office declined.

In an on-air interview last week, Army Secretary Ryan McCarthy told CNBC’s Morgan Brennan the army has “immediately” barred soldiers from using TikTok after a national security concern was brought to his attention earlier this year. McCarthy said Army Cyber Command is assisting in a review into potential vulnerabilities.

TikTok has rejected the plausibility of the Chinese government tapping into the data of its U.S. users. In an interview with The New York Times published last month, Zhu said TikTok does not share user data with the Chinese government or its Chinese parent company. He added that worldwide TikTok user data is stored in Virginia with a backup server in Singapore.

On the question of whether TikTok censors content on its platform to appease Chinese officials, the company has insisted it does not. Zhu even told the Times he would turn down the country’s leader if asked directly to remove content or hand over data from the app.

But those reassurances have not quieted suspicions, especially after a user was locked out of her account last week after posting a video critical of the Chinese regime. At the time, TikTok claimed the user was barred from her account due to previous terrorism-related posts, which the user told the Washington Post in an interview were a “joke.” TikTok later lifted the ban, saying her account had been caught up in a “scheduled platform-wide enforcement” action and her critical video removed temporarily “due to a human moderation error.”

TikTok did not immediately provide comment on Zhu’s reported trip to D.C.

-CNBC’s Ylan Mui contributed to this report.

Subscribe to CNBC on YouTube.

WATCH: Government launches national security review of TikTok: Reuters


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: lauren feiner
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What Trump does before trade deadline is the ‘wild card’ that will drive markets in the week ahead

Just in the past week, Trump said he would put new tariffs on Brazil, Argentina and France. He rattled markets when he said he could wait until after the election for a trade deal with China. If there’s no China deal, that could beat up stocks, send Treasury yields lower and send investors into other safe havens. Economic reports in the coming week include CPI inflation Wednesday, which could be an important input for the Fed. Fed aheadThe Fed has moved to the sidelines and says it is monitoring


Just in the past week, Trump said he would put new tariffs on Brazil, Argentina and France.
He rattled markets when he said he could wait until after the election for a trade deal with China.
If there’s no China deal, that could beat up stocks, send Treasury yields lower and send investors into other safe havens.
Economic reports in the coming week include CPI inflation Wednesday, which could be an important input for the Fed.
Fed aheadThe Fed has moved to the sidelines and says it is monitoring
What Trump does before trade deadline is the ‘wild card’ that will drive markets in the week ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: patti domm
Keywords: news, cnbc, companies, trump, wild, markets, fed, deadline, tariffs, does, week, thats, deal, going, drive, trade, card, ahead, inflation, think, market, china


What Trump does before trade deadline is the 'wild card' that will drive markets in the week ahead

China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. AFP Contributor | AFP | Getty Images

The Trump administration’s Dec. 15 deadline for new tariffs on China looms large, and while most strategists expect them to be delayed while talks continue, they don’t rule out the unexpected. “That’s the biggest thing in the room next week. I don’t think he’s going to raise them. I think they’ll find a reason,” said James Pauslen, chief investment strategist at Leuthold Group. But Paulsen said President Donald Trump’s unpredictable nature makes it really impossible to tell what will happen as the deadline nears. “He’s the one off you’re never sure about. It’s not just tariffs. It could be damn near anything,” Paulsen said. “I think he goes out of his way to be a wild card.” Just in the past week, Trump said he would put new tariffs on Brazil, Argentina and France. He rattled markets when he said he could wait until after the election for a trade deal with China. Once dubbing himself “tariff man,” Trump reminded markets that he sees tariffs as a way of getting what he wants from an opponent, and traders were reminded tariffs may be around for a long time. Trade certainly could be the most important event for markets in the week ahead, which also includes a Fed interest rate decision Wednesday and the U.K.’s election that could set the course for Brexit. If there’s no China deal, that could beat up stocks, send Treasury yields lower and send investors into other safe havens. When Fed officials meet this week, they are not expected to change interest rates, but they are likely to discuss whether they believe their repo operations to drive liquidity in the short-term funding market are running smoothly, ahead of year end. Economic reports in the coming week include CPI inflation Wednesday, which could be an important input for the Fed.

Punt, but no deal

As of Friday, the White House did not appear any closer to striking a deal with China, though officials say talks are going fine. Back in August, Trump said if there is no deal, Dec. 15 is the date for a new wave of tariffs on $156 billion in Chinese goods, including cell phones, toys and lap top computers. Dan Clifton, head of policy research at Strategas, said it seems like a low probability there will be a deal in the coming week. “What the market is focused on right now is whether there’s going to be tariffs that to into effect on Dec. 15, or not. It’s being rated pretty binary,” said Clifton. “I think what’s happening here and the actions by China overnight looks like we’re setting up for a kick.” China removed some tariffs from U.S. agricultural products Friday, and administration officials have been talking about discussions going fine. Clifton said if tariffs are put on hold, it’s unclear for how long. “Those are going to be larger questions that have to be answered. This is really now about politics. Is it a better idea for the president to cut a deal without major structural reforms, or should he walk away? That’s the larger debate that has to happen after Dec. 15,” Clifton said. “I’m getting worried that some in the administration… they’re leaning toward no deal category.” Clifton said Trump’s approval rating falls when the trade wars heat up, so that may motivate him to complete the deal with China even if he doesn’t get everything he wants. Michael Schumacher, director of rates strategy at Wells Fargo, said his base case is for a trade deal to be signed in the next couple of months, but even so, he said he can’t entirely rule out another outcome. It would make sense for tariffs to be put on hold while talks continue. “The tweeter-in-chief controls that one, ” said Schumacher. “That’s anybody’s guess…I wouldn’t be at all surprised if he suspends it for a few weeks. If he doesn’t, that’s a pretty unpleasant result. That’s risk off. That’s pretty clear.” Because the next group of tariffs would be on consumer goods, economists fear they could hit the economy through the consumer, the strongest and largest engine behind economic growth.

Fed ahead

The Fed has moved to the sidelines and says it is monitoring economic data before deciding its next move. Friday’s strong November jobs report, with 266,000 jobs added, reinforces the Fed’s decision to move to neutral for now. So the most important headlines from its meeting this week could be about the repo market, basically the plumbing for the financial system where financial institutions fund themselves. Interest rates in that somewhat obscure market spiked in September. Market pros said the issue was a cash crunch in the short term lending market, made better when the Fed started repo operations. The Fed now has multiple operations running over year end, and Schumacher said it has latitude to do more. Strategists expect there to be more pressure on the repo market as banks rein in operations to spruce up their balance sheets at year end. “No one is going to come to the Fed and say you did too much in the year-end funding,” said Schumacher. “If repo happens to spike somewhat on one day, the Fed is going to hammer it the next day.” Paulsen said the markets will be attuned to this week’s inflation numbers. Consumer inflation, the CPI is reported on Wednesday and producer prices are Thursday. A pickup in inflation of any significance is one thing that could pull the Fed from the sidelines, and prod it to consider a rate hike. “I think the inflation reports might start to get a little attention. Given the jobs numbers, the employment rate, growth picking up a little bit and a better tone in manufacturing. I do think if you get some hot CPI number, I don’t know if the Fed can ignore it,” he said. “Core CPI is 2.3%.” He said it would get noticed if it jumped to 2.5% or better. The Fed’s inflation target is 2% but its preferred measure is the PCE inflation, and that remains under 2%. Stocks were sharply higher Friday but ended the past week flattish. The S&P 500 was slightly higher, up 0.2% at 3,145, and the Dow was down 0.1% at 28,015. The Nasdaq was 0.1% lower, ending the week at 8,656.

Week ahead calendar


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: patti domm
Keywords: news, cnbc, companies, trump, wild, markets, fed, deadline, tariffs, does, week, thats, deal, going, drive, trade, card, ahead, inflation, think, market, china


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What a ‘Santa Claus rally’ is — and whether investors can expect such a gift in their investment portfolio

Historically speaking, there’s been a small lift to stock-market portfolios at the end of the year — a phenomena that many in the financial industry call “the Santa Claus rally.” “The Santa Claus rally is when the market tends to do well over the last two weeks of the year,” he says. It does happen — not 100% of the time, but around 60% of the time,” Lambert says. Some years, investors get coal: Last year, for example, the S&P 500 dropped almost 20% by late December. But historically, Lambert sa


Historically speaking, there’s been a small lift to stock-market portfolios at the end of the year — a phenomena that many in the financial industry call “the Santa Claus rally.”
“The Santa Claus rally is when the market tends to do well over the last two weeks of the year,” he says.
It does happen — not 100% of the time, but around 60% of the time,” Lambert says.
Some years, investors get coal: Last year, for example, the S&P 500 dropped almost 20% by late December.
But historically, Lambert sa
What a ‘Santa Claus rally’ is — and whether investors can expect such a gift in their investment portfolio Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: sam becker
Keywords: news, cnbc, companies, small, portfolio, week, investment, gift, tends, rally, historically, claus, market, financial, santa, lambert, investors, expect, weeks


What a 'Santa Claus rally' is — and whether investors can expect such a gift in their investment portfolio

Historically speaking, there’s been a small lift to stock-market portfolios at the end of the year — a phenomena that many in the financial industry call “the Santa Claus rally.”

Because Christmas lands within the last week of the year, Santa often gets credit for a small but measurable boost in the markets during that time, says Jason Lambert, the president and CEO of Northwest Financial & Tax Solutions near Portland, Oregon. “The Santa Claus rally is when the market tends to do well over the last two weeks of the year,” he says.

“It’s a real effect. It does happen — not 100% of the time, but around 60% of the time,” Lambert says. Some years, investors get coal: Last year, for example, the S&P 500 dropped almost 20% by late December.

But historically, Lambert says, the stock market tends to gain between 1% and 2% during the last 10 trading days of the year.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: sam becker
Keywords: news, cnbc, companies, small, portfolio, week, investment, gift, tends, rally, historically, claus, market, financial, santa, lambert, investors, expect, weeks


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Here’s why some Peloton users love that ad so many have criticized

For all the outcry about the Peloton holiday ad, some of the company’s enthusiasts are scratching their heads. Haworth told CNBC her Peloton bike, a birthday gift last year, has helped her prioritize her health as she juggles work, family and everything else. While Peloton has been widely criticized this week, she and other Peloton users are defending the ad and the company behind it. “I love this ad, because, in it, I see me,” she wrote, sharing the posts to the official Peloton member group on


For all the outcry about the Peloton holiday ad, some of the company’s enthusiasts are scratching their heads.
Haworth told CNBC her Peloton bike, a birthday gift last year, has helped her prioritize her health as she juggles work, family and everything else.
While Peloton has been widely criticized this week, she and other Peloton users are defending the ad and the company behind it.
“I love this ad, because, in it, I see me,” she wrote, sharing the posts to the official Peloton member group on
Here’s why some Peloton users love that ad so many have criticized Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: megan graham
Keywords: news, cnbc, companies, post, haworth, bike, work, facebook, love, heres, users, group, criticized, peloton, week


Here's why some Peloton users love that ad so many have criticized

For all the outcry about the Peloton holiday ad, some of the company’s enthusiasts are scratching their heads.

Take Heather Haworth, a California-based in-house counsel for a medical device company, who posted about her thoughts on the ad earlier this week on Facebook. Haworth told CNBC her Peloton bike, a birthday gift last year, has helped her prioritize her health as she juggles work, family and everything else. While Peloton has been widely criticized this week, she and other Peloton users are defending the ad and the company behind it.

“I love this ad, because, in it, I see me,” she wrote, sharing the posts to the official Peloton member group on Facebook, along with a Peloton group for moms called “The Official Peloton Mom Group” and another for Peloton “law moms.”

She said Peloton reached out to her for permission to share the post with reporters. Haworth said she would be honored and agreed. On Wednesday, Peloton responded to the ad’s backlash and sent CNBC Haworth’s Facebook post and a few other PDFs of emails it said came from customers praising the ad. (Peloton redacted the last names and email addresses on the PDFs, so CNBC could not verify they were real.)

Peloton has not commented on the ad beyond its statement on Wednesday.

“I totally get it,” Haworth said of the holiday ad in an interview with CNBC. “I was shocked to see The Today Show, with … everyone just lambasting the commercial. It was just such a weird response to the ad that was so off-base from what I was experiencing and what the community experiences. I never saw what any of them saw.”

She said she felt moved to post, but did worry people would react negatively. Once she did, she said positive comments started flooding in.

“The only negative comments have been, ‘Can we please stop talking about the ad?'” she said.

“I didn’t see this whole thing about this poor woman wanting to lose weight and taking selfies without changing her body. I didn’t see that at all. That’s not what Peloton is about,” she said. “Some people have the goal to lose weight. That’s not the primary goal. It’s overall to be healthy, and to be around for your family for the long term.”

A few users then started taking her language and posting on their own profiles, with the hashtag #iamthepelotonwoman. One poster, Kristen Beck Sweeney, said she’s had her Peloton bike for two years.

“During that time I’ve made so many connections with other [hardworking] moms who struggle daily to find time for themselves to work out,” she said to CNBC via Facebook Messenger. “Over and over we praise Peloton for giving us the tool to take care of ourselves at home but also for fostering the sense of community that comes with it. I relate with that mom in the commercial. I get up early, I stay up late, I do what I need to do to get my workouts done, but also have a career and take care of my family.”

Another Peloton owner, Mollie Lombardi, said she’s found the bike helpful as she recovers from brain surgery. Lombardi, a Boston area-based entrepreneur and HR technologist, has Parkinson’s Disease. Being able to exercise from home prevents her from having to drive to the gym and change clothes, and she said she finds the classes motivating.

“Since the bike arrived, I’ve been working my way up to 30 minutes at least five times a week. It’s great and so much easier now that I have more energy,” she wrote in a recent blog post. “Before, I could work out or live my day, but not do both. In fact, I did a 30- minute ride earlier in the day before I went couch shopping!”


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: megan graham
Keywords: news, cnbc, companies, post, haworth, bike, work, facebook, love, heres, users, group, criticized, peloton, week


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Chart suggests a year-end market rally will emerge as soon as next week

The market could be on the verge of a year-end rally. Hickey builds his bullish case in a chart that shows the intramonth performance of the S&P 500. Stocks typically don’t break out into a sustainable year-end rally until around Dec. 14, according to Hickey’s data. But the S&P 500 is still down 1 percent, and the Dow is off almost 1.5%. Hickey points out the S&P 500 has already soared almost 25% this year surrounded by trade jitters.


The market could be on the verge of a year-end rally.
Hickey builds his bullish case in a chart that shows the intramonth performance of the S&P 500.
Stocks typically don’t break out into a sustainable year-end rally until around Dec. 14, according to Hickey’s data.
But the S&P 500 is still down 1 percent, and the Dow is off almost 1.5%.
Hickey points out the S&P 500 has already soared almost 25% this year surrounded by trade jitters.
Chart suggests a year-end market rally will emerge as soon as next week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: stephanie landsman
Keywords: news, cnbc, companies, 500, month, market, soon, chart, suggests, trend, shows, hickey, stage, yearend, stocks, rally, emerge, week


Chart suggests a year-end market rally will emerge as soon as next week

The market could be on the verge of a year-end rally.

According to Bespoke Investment Group’s Paul Hickey, stocks generally stage their final push for the year in mid-December — even when the month starts off weak, as this one did.

“You would think you’d see strong performance throughout the month,” the firm’s co-founder told CNBC’s “Trading Nation” on Wednesday. “What we found is almost more so than any other month, December is a very back-end-loaded month, meaning the returns usually come towards the back half of the month.”

Hickey builds his bullish case in a chart that shows the intramonth performance of the S&P 500. He compares the current bull market to the overall trend between 1983 to 2018.

Since 1983, his chart shows December’s first two weeks often see muted returns. Stocks typically don’t break out into a sustainable year-end rally until around Dec. 14, according to Hickey’s data. That’s around the end of next week.

Even with last December’s plunge skewing the data, Hickey notes the historical trend is intact. So he’s confident the odds are in favor of a positive December despite the month’s choppy start.

“The market was extremely overbought heading into the month,” he said. “It was a healthy pullback. We didn’t see any major technical damage in the charts.”

The major indexes gained more than a half percent Wednesday and were pointing to higher opens on Thursday. But the S&P 500 is still down 1 percent, and the Dow is off almost 1.5%.

Hickey is confident stocks will rediscover upward momentum that will last into 2020.

He isn’t concerned climbing geopolitical risks, including the looming U.S. tariffs against China scheduled for Dec. 15, will disrupt the seasonal trend. Hickey points out the S&P 500 has already soared almost 25% this year surrounded by trade jitters.

Hickey cites a growing U.S. economy and a Federal Reserve keeping interest rates steady for his bullish outlook.

“These two positive things should set the stage for the market having a decent return,” Hickey said.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: stephanie landsman
Keywords: news, cnbc, companies, 500, month, market, soon, chart, suggests, trend, shows, hickey, stage, yearend, stocks, rally, emerge, week


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US weekly jobless claims total 203,000, vs 215,000 expected

Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended Nov. 30, the lowest level since mid-April, the Labor Department said on Thursday. Claims data tend to be volatile around holidays like last week’s Thanksgiving Day, which was later this year compared to 2018. The Labor Department said no states were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out


Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended Nov. 30, the lowest level since mid-April, the Labor Department said on Thursday.
Claims data tend to be volatile around holidays like last week’s Thanksgiving Day, which was later this year compared to 2018.
The Labor Department said no states were estimated last week.
The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out
US weekly jobless claims total 203,000, vs 215,000 expected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: fred imbert
Keywords: news, cnbc, companies, week, fell, total, labor, market, 215000, level, weekly, department, unemployment, lowest, claims, 203000, jobless, expected, data


US weekly jobless claims total 203,000, vs 215,000 expected

The number of Americans filing applications for unemployment benefits unexpectedly fell last week, hitting their lowest level in seven months, suggesting the labor market remains solid even as the economy is slowing.

Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended Nov. 30, the lowest level since mid-April, the Labor Department said on Thursday. Data for the prior week was unrevised.

Economists polled by Reuters had forecast claims increasing to 215,000 in the latest week.

Claims data tend to be volatile around holidays like last week’s Thanksgiving Day, which was later this year compared to 2018. This can throw off the model that the government uses to strip out seasonal fluctuations from the data.

The Labor Department said no states were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 2,000 to 217,750 last week.

The claims data has no bearing on November’s employment report, which is scheduled for release on Friday. According to a Reuters survey of economists, nonfarm payrolls probably increased by 180,000 jobs in November, boosted by the return of about 46,000 striking General Motors workers. The 40-day strike had helped to hold job growth down to 128,000 in October.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: fred imbert
Keywords: news, cnbc, companies, week, fell, total, labor, market, 215000, level, weekly, department, unemployment, lowest, claims, 203000, jobless, expected, data


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