|Day's Range||2,912.99 - 2,932.59|
|52 Week Range||2,346.58 - 2,964.15|
NatWest Markets Chief U.S. Economist Michelle Girard joins Jen Rogers, Myles Udland and Andy Serwer to discuss the timing of the Fed rate cuts and the outlook for the U.S. economy.
A new Bankrate study shows that 40% of Americans believe the recession has already begun, and 28% of Americans don't have an emergency fund. Bankrate.com Chief Financial Analyst Greg McBride joins Yahoo Finance's Zack Guzman and Sibile Marcellus, along with Beth Comstock, former GE Vice Chair and ‘Imagine It Forward’ author, to discuss.
All things considered, the U.S. economy is doing pretty well. Unemployment is at a 50-year low, and the GDP’s 2.9 percent growth in 2018 was its best annual performance since the last recession. But the strong economy isn't enough for some 40% of Americans who believe the next recession is already here. Yahoo Finance's Sibile Marcellus, Dan Roberts, Melody Hahm, and Myles Udland discuss the latest study from Bankrate on Americans' financial preparedness in the event of a recession.
Dow futures fell on a new Boeing 737 Max risk. Wedbush initiated AMD stock, Intel stock and Nvidia stock after a stock market rally fizzled Wednesday.
China is reported to have presented the U.S. with a list of demands to get a trade deal done, but the Dow would likely be little changed if Boeing stock wasn’t down more than 5% after a new problem with its 737 Max was discovered.
Nike Inc. is scheduled to report fourth-quarter earnings on Thursday after the bell and analysts say business is running so smoothly even tariffs can’t knock the athletic giant off course.
Wall Street futures slide amid reports that suggest China will demand a host of concessions from President Donald Trump in order to resume trade talks between the world's two biggest economies. Boeing shares slump after FAA finds new 737 MAX risk, taking more than 150 points from Dow's opening bell gain. The South China Morning Post, however, reports that US and China officials are preparing press releases that would indicate a delay in new tariffs and a commitment to extended dialogue.
Your retirement plan is most at risk right when you’re about to realize the fruits of your labor. Make sure a market downturn doesn’t get in the way.
For weeks I heard from folks on television that the market was bearish because Utes were leading. The Utes typically top out before the major indexes do, so they are a warning sign when they start to go down, not when they are going up and making new highs. Wednesday the Utes lost 2%, which is their biggest daily loss since January.
A Wall Street price target on a stock is, at best, a signal of market sentiment. But investors should instead focus on evaluating business models and management teams.
General Electric is an amazing story—it’s just not clear whether it has a happy ending. Here’s an in-depth look at what GE stock bulls and bears say about the shares.
A new high for the U.S. stock market before a trade deal with China is completed was a surprise, even though we had another “90% done” quote from the Trump administration this week. The moral here is never to underestimate the ability of the Twitter account of the U.S. president to create a short squeeze in stocks, particularly if the Federal Reserve has already more or less promised that a July federal funds rate cut is coming. Despite the weakening of manufacturing indexes in the U.S. to 10-year lows, it is rather telling that if one were to compare the largest junk bond ETF by assets, the iShares IBoxx $ High Yield Corporate Bond ETF (HYG) with the largest stock ETF, the SPDR S&P 500 SPDR (SPY) one would see similar strong performance.
Asian share markets turned higher on Thursday following a media report the United States and China have tentatively agreed to a truce in their trade war, ahead of a closely-watched meeting between the two nations this weekend. The South China Morning Post (SCMP), citing sources, said in Washington and Beijing were laying out an agreement that would help avert the next round of tariffs on an additional $300 billion of Chinese imports. On Wednesday, U.S. President Donald Trump said a trade deal with his Chinese counterpart Xi Jinping was possible this weekend though he was prepared to impose tariffs on virtually all remaining Chinese imports if talks fail.
Risk appetite returned to world markets on Thursday following a media report the United States and China have tentatively agreed to a truce ahead of a highly-anticipated weekend meeting of the two nations' leaders in Tokyo. The South China Morning Post (SCMP), citing sources, said Washington and Beijing were laying out an agreement that would help avert the next round of tariffs on an additional $300 billion of Chinese imports. On Wednesday, U.S. President Donald Trump said a trade deal with his Chinese counterpart Xi Jinping was possible this weekend, though he was prepared to impose tariffs on virtually all remaining Chinese imports if talks fail.
One of the critiques of the Trump administration’s tariff policy on China is that while it raises the cost of doing business in one low-cost country, it just pushes multinationals to do business in another. Now, President Donald Trump is saying he might go after Vietnam as well.
The world’s No.1 cryptocurrency hit its highest level in about 17 months on Thursday, extending a month long rally.
(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.U.S. equity futures were mixed on Thursday and European stocks turned lower amid edgy trading in the build-up to a potentially pivotal G-20 meeting in Japan. Treasuries reversed a small drop and gold pared a decline.Contracts for all three of the main U.S. gauges had been solidly up, but those for the Dow Jones Industrial Average dropped as Boeing fell in pre-market trading after the FAA found new risks related to its grounded 737 Max. S&P 500 and Nasdaq 100 futures pared some of their gain and Treasuries turned higher when the Wall Street Journal reported that China’s insistence the U.S. lift a ban on technology sales to Huawei will be included in President Xi Jinping’s terms for a trade truce.The Stoxx Europe 600 Index, which had gained led by retailers following H&M results, reversed. European bonds were mixed after data showed economic confidence in the region declined more than forecast. Earlier in Asia, hopes for a renewed trade detente between the world’s biggest economies spurred a broad equity rally. Crude oil gave up some of its recent gains. The yuan edged up offshore.The Saturday sit-down between President Donald Trump and Xi in Osaka, Japan, looms as a key event for markets, with reports about a tariff pause contrasting with Trump’s repeated reminders that more duties are possible. The nervous trading and reaction to the Wall Street Journal report helped underscore the stakes. Separately, the president picked another trade fight with India before a Friday meeting with Prime Minister Narendra Modi and Japan’s Shinzo Abe.“We should not expect too much from the Osaka meeting,” Christian Nolting, global chief investment officer at Deutsche Bank Wealth Management told Bloomberg TV. “To be overly optimistic could be on the wrong side for this weekend.”These are the main moves in markets:StocksFutures on the S&P 500 Index gained 0.2% as of 11:52 a.m. London time.The Stoxx Europe 600 Index dipped 0.1% to the lowest in more than a week.The U.K.’s FTSE 100 Index fell 0.4% to the lowest in more than a week on the largest fall in a week.The MSCI Emerging Market Index climbed 0.7% to the highest in seven weeks.The MSCI Asia Pacific Index jumped 0.9% to the highest in seven weeks.CurrenciesThe Bloomberg Dollar Spot Index declined less than 0.05%.The euro advanced 0.1% to $1.1376.The British pound climbed 0.2% to $1.2717.The Japanese yen dipped less than 0.05% to 107.84 per dollar, the weakest in a week.BondsThe yield on 10-year Treasuries fell one basis point to 2.04%.Germany’s 10-year yield increased less than one basis point to -0.30%.Britain’s 10-year yield gained one basis point to 0.839%.CommoditiesWest Texas Intermediate crude declined 1% to $58.81 a barrel, the largest drop in more than a week.Gold dipped 0.2% to $1,405.64 an ounce.\--With assistance from Adam Haigh.To contact the reporter on this story: Laura Curtis in London at email@example.comTo contact the editor responsible for this story: Samuel Potter at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Yahoo Finance's Emily McCormick says that trade talks with China were set back after Mnuchin's correction on CNBC saying that "we were about 90% of the way’ done with a deal.