DE Jan 2020 120.000 call

OPR - OPR Delayed Price. Currency in USD
57.55
0.00 (0.00%)
As of 10:11AM EST. Market open.
Stock chart is not supported by your current browser
Previous Close57.55
Open57.55
Bid54.35
Ask56.00
Strike120.00
Expire Date2020-01-17
Day's Range57.55 - 57.55
Contract RangeN/A
Volume4
Open InterestN/A
  • Why Deere & Company’s (NYSE:DE) Return On Capital Employed Might Be A Concern
    Simply Wall St.

    Why Deere & Company’s (NYSE:DE) Return On Capital Employed Might Be A Concern

    Today we are going to look at Deere & Company (NYSE:DE) to see whether it might be an attractive investment prospect...

  • Bloomberg

    Trump to Tour Apple’s Austin Manufacturing Plant on Wednesday

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump is scheduled to tour an Apple Inc. manufacturing plant in Austin, Texas, on Wednesday, the White House said Sunday.The president plans to visit the plant along with Apple Chief Executive Officer Tim Cook, according to a tweet by spokesman Judd Deere. The Austin American-Statesman newspaper reported that Trump will travel with Treasury Secretary Steven Mnuchin and other administration officials.The company announced in September that its new Mac Pro computer will be assembled in Texas after it received exclusions from the Trump administration from tariffs on certain parts imported from China.The visit also comes at a time the U.S. and China are close to finalizing the first phase of a highly-anticipated trade deal.It’s not the first time Cook and Trump have spent time together. They’ve dined at the president’s golf club in Bedminster, New Jersey, twice in the past two years, most recently in August. Cook also attended a state dinner hosted by Trump in 2018 for French President Emmanuel Macron.Trump said after the pair met in August that Cook made a “good case” about the difficulty in competing with South Korean rival Samsung Electronics Co. if Apple products are subject to import tariffs.A month later, the Trump administration announced it had agreed to Apple’s request for tariff waivers on 10 of 15 Chinese components -- a shift from a stance announced by Trump in July that the company’s requests would be denied and that it should make the parts in the U.S.After gaining the tariff relief, Apple announced it would assemble the new Mac Pro computer at the Austin plant, which has produced the previous Mac Pro since 2013. There had been reports the company planned to shift production to China.The Trump administration then said in September it denied Apple’s request for relief from 25% tariffs on other Mac Pro components, including optional wheels, a circuit board for managing input and output ports, power adapter, charging cable and a cooling system for the computer’s processor.The company is also seeking exclusions from Trump’s tariffs that went into effect Sept. 1 on the Apple Watch, iMac, parts for the iPhone and other components imported from China.Last month, Trump criticized Cook for a design change to the iPhone -- the loss of the home button.Apple’s presence in the Texas capital is the biggest after its headquarters in Cupertino, California, the Austin American-Statesman said, and the company has said it will invest $1 billion in Austin to build an office park capable of holding 15,000 additional employees.To contact the reporter on this story: Hailey Waller in New York at hwaller@bloomberg.netTo contact the editors responsible for this story: James Ludden at jludden@bloomberg.net, Ros Krasny, Mark NiquetteFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Barrons.com

    Wall Street Is Confused About Farming. If the Weather Improves, Investors Could Win.

    Bad weather and the trade war with China have analysts scratching their heads, but companies dependent on agricultural sales are still chugging ahead.

  • Reuters

    FOCUS-Deere workers grapple with fallout from Trump's trade war

    Devin Spencer has been on edge ever since Deere & Co. laid off dozens of his colleagues at its Harvester Works plant in western Illinois due to dwindling demand for farm combines. The 29-year-old welder blames America's trade war with China, which has dented U.S. agricultural exports and, in turn, slowed sales of equipment, for his situation. Spencer, who is married with a young son, fears the worst if sales continue to sag and Deere cuts more workers.

  • Deere workers grapple with fallout from Trump's trade war
    Reuters

    Deere workers grapple with fallout from Trump's trade war

    Devin Spencer has been on edge ever since Deere & Co. laid off dozens of his colleagues at its Harvester Works plant in western Illinois due to dwindling demand for farm combines. The 29-year-old welder blames America's trade war with China, which has dented U.S. agricultural exports and, in turn, slowed sales of equipment, for his situation. Spencer, who is married with a young son, fears the worst if sales continue to sag and Deere cuts more workers.

  • 8 Undervalued Stocks Diamond Hill Capital Continues to Buy
    GuruFocus.com

    8 Undervalued Stocks Diamond Hill Capital Continues to Buy

    Biadu and Deere make the list Continue reading...

  • Barrons.com

    Deere and Other Farming Stocks Are a Puzzle. Why Wall Street Can’t Agree.

    Predicting the direction of agricultural stocks can be as difficult as predicting, well, the weather.

  • Trump’s Road to Impeachment Paved by All the President’s Yes Men
    Bloomberg

    Trump’s Road to Impeachment Paved by All the President’s Yes Men

    (Bloomberg) -- Donald Trump’s effort to get Ukraine to investigate a top Democratic rival went largely unchecked by some of his closest advisers -- setting in motion the impeachment inquiry now engulfing his presidency.Transcripts released by House impeachment investigators last week offer no evidence that Acting Chief of Staff Mick Mulvaney or Secretary of State Michael Pompeo tried to stop Trump from his bid earlier this year for a Ukrainian probe of former Vice President Joe Biden.The Ukraine episode, depicted in testimony from current and former U.S. officials, illustrates the peril that lies in Trump’s preference for advisers who let him follow his instincts in making policy. And it puts a new light on recent comments from former White House Chief of Staff John Kelly, who said last month that he warned the president not to replace him with a yes man or he’d risk being impeached. Trump disputed Kelly’s statement.Events surrounding the July 25 phone call with Ukrainian President Volodymyr Zelenskiy, in which Trump requested an investigation of Biden and his son Hunter, will get a full public hearing as House Democrats accelerate their impeachment inquiry.Three State Department officials -- William Taylor, the top U.S. diplomat in Ukraine; Marie Yovanovitch, former U.S. ambassador to Ukraine, and George Kent, the deputy assistant secretary of State responsible for Ukraine -- are set to testify in separate sessions on Wednesday and Friday. They may shed light not only on the president’s decisions, but the actions by his most senior advisers.Mulvaney and Pompeo last year replaced two men who were more likely to raise objections to Trump’s unconventional and transactional approach to governing: Kelly and former Secretary of State Rex Tillerson.Judd Deere, a White House spokesman, said the president “has assembled an incredible team at the White House and across the federal government to help him accomplish undeniable successes,” which included “restoring the nation’s standing in the world.”The State Department declined to comment.Trump has repeatedly said he did nothing wrong related to Ukraine and refers to the call with Zelenskiy as “perfect.”National Security Adviser John Bolton, who was forced out in September, was said to have cut short discussions about demanding investigations from Ukraine as the price of an Oval Office meeting with Trump and Zelenskiy. Bolton also raised concerns about Trump’s use of his personal lawyer, Rudy Giuliani, to play a role in directing the U.S. relationship with Ukraine.Bolton, whose lawyer says he won’t testify before the House unless a judge orders him to do so, told colleagues Giuliani is “a hand grenade that is going to blow everybody up,” according to testimony by Fiona Hill, Trump’s former Russia adviser.It is not clear, however, what steps Bolton took to counter Giuliani’s efforts.According to transcripts of the closed-door testimony to the House, Mulvaney carried out Trump’s orders on Ukraine. He put a hold on nearly $400 million in aid critical to Ukraine’s defense against Russia. No evidence has emerged that he opposed Trump’s demands.National Security Council aide Alexander Vindman testified that Gordon Sondland, the U.S. ambassador to the European Union, said in a July 10 call that Mulvaney insisted Ukraine would have to provide “deliverables” to get a meeting with Trump. Sondland, according to Vindman, said that meant conducting investigations sought by Trump.“He was talking about the 2016 elections and an investigation into the Bidens and Burisma,” Vindman said in testimony released Friday.Burisma Holdings is a Ukrainian energy firm. Hunter Biden sat on its board and received substantial compensation -- an arrangement that Trump claims is corrupt, though no evidence of wrongdoing has emerged.In testimony released last week, Pompeo was portrayed as a passive figure by several top State Department officials. Sondland, who was told by Trump to listen to Giuliani on Ukraine, testified that he discussed Giuliani’s role with Pompeo.“Pompeo rolled his eyes and said: Yes, it’s something we have to deal with,” Sondland said.Sondland also testified that although State Department officials were concerned about Giuliani’s activities, “my speculation is yes, that they hit a brick wall when it came to getting rid of Mr. Giuliani.”Pompeo’s approach contrasts with that of Tillerson. Two years earlier, Trump repeatedly sought to enlist Tillerson to intervene in a criminal case against a Turkish gold trader who was a client of Giuliani’s, Bloomberg News reported. The trader, Reza Zarrab, would later testify that Turkish President Recep Tayyip Erdogan knew of and approved of a plan to launder money for Iran to evade U.S. sanctions. Tillerson refused to intervene in the case and complained to Kelly.After the Ukraine episode become public, Kelly blamed a breakdown in White House staff leadership.Someone has to tell Trump “that you either have the authority or you don’t, or Mr. President, don’t do it,” Kelly said on Oct. 26 at an event hosted by the Washington Examiner. “Whatever you do, don’t hire a ‘yes man,’” Kelly said he warned Trump. “Because if you do, I believe you will be impeached.”In response, Trump said that if Kelly had said that, “I would have thrown him out of the office. He just wants to come back into the action like everybody else does.”Nikki Haley, Trump’s former U.N. ambassador, told CBS that Kelly and Tillerson undermined the president during their tenure.“Kelly and Tillerson confided in me that when they resisted the president, they weren’t being insubordinate, they were trying to save the country,” she said in the interview that aired Sunday.Haley said they pitched her for more than an hour on resisting the president. But she told CBS their actions were dangerous, offensive and against the Constitution.As part of the impeachment inquiry, House Democrats also are examining potential obstruction of justice by Trump detailed by Special Counsel Robert Mueller’s Russia investigation.In multiple cases, Mueller wrote in his report, Trump’s staff rejected the president’s orders. He said that former White House Counsel Don McGahn, who left the administration last year, refused Trump’s demand to have Mueller removed -- and then refused to write a memo saying Trump had never told him to do it.Tillerson has said that Trump often asked him to do things that were illegal.“I would have to say to him, ‘Mr. President, I understand what you want to do but you can’t do it that way. It violates the law,’” Tillerson said at an event in Houston last December.Shortly afterward, Trump said of Tillerson on Twitter, “He was dumb as a rock and I couldn’t get rid of him fast enough.”Pompeo has yet to give a detailed account of his role. He has publicly bristled at questions about the Ukraine matter, speaking in generalities about wanting to reduce corruption in Ukraine and only confirming well after the fact that he listened in on Trump’s July call with Zelenskiy.The House interview transcripts show Pompeo remaining neutral when Ukraine matters are discussed.Michael McKinley, a former senior adviser to Pompeo, testified that the secretary didn’t react when he resigned over the affair. Taylor testified Pompeo didn’t respond when he sent a cable warning against a quid pro quo tying military aid for Ukraine to investigations the ambassador saw as designed to aid Trump’s re-election campaign rather than national security.“Although I received no specific response, I heard that soon thereafter, the secretary carried the cable with him to a meeting at the White House focused on security assistance for Ukraine,” Taylor testified. It’s not clear what Pompeo did behind the scenes.Even Senate Majority Leader Mitch McConnell, the top Republican on Capitol Hill, has said he lobbied both Pompeo and Defense Secretary Mark Esper to release the Ukraine aid, and neither gave him a reason why it was being held up.Mulvaney, at a press conference on Oct. 17, confirmed that aid was held up in part to get Ukraine to launch investigations sought by Trump. After a backlash from the president’s allies and foes alike, Mulvaney backtracked, saying the media had misreported his comments.Patrick Leahy, a Vermont Democrat who is the longest-serving senator, said having a compliant staff doesn’t absolve Trump.“He can tell himself no,” Leahy said. “When I was a prosecutor somebody said about an armed robbery, ‘Well, it’s not my fault they never should have given me that gun.’ Come on, you’re the guy that held the gun, held up the store!”\--With assistance from Nick Wadhams, Jordan Fabian, Billy House and Justin Sink.To contact the reporter on this story: Steven T. Dennis in Washington at sdennis17@bloomberg.netTo contact the editors responsible for this story: Kevin Whitelaw at kwhitelaw@bloomberg.net, Justin Blum, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • CES Innovation Awards honors John Deere in Tech for a Better World category
    PR Newswire

    CES Innovation Awards honors John Deere in Tech for a Better World category

    MOLINE, Ill., Nov. 7, 2019 /PRNewswire/ -- John Deere (DE) is being honored in the Tech for a Better World category of the 2020 CES Innovation Awards, which recognize outstanding product design and engineering in consumer technology products. Deere is an Innovation Awards Honoree for its new 8RX tractor that integrates artificial intelligence, the Internet of things, and advanced automation to help farmers work more efficiently while also gathering data to make more informed decisions and increase future machine intelligence.

  • Trump-Xi Trade Summit May Slip to December, Be Outside U.S.
    Bloomberg

    Trump-Xi Trade Summit May Slip to December, Be Outside U.S.

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump and Chinese President Xi Jinping may not be able to sign a partial trade deal until December, and two U.S. locations have been ruled out for their highly anticipated meeting, according to a person familiar with the matter.The two sides have been trying to negotiate a limited trade deal that would entail the U.S. dropping some tariffs on Chinese imports in exchange for Beijing resuming purchases of American farm goods and other products.The U.S.-China trade war that Trump began has been a drag on both nation’s economies, and the leaders had initially expected to take a step toward resolving it ahead of the 2020 U.S. elections at an international summit in Chile this month. The summit was canceled because of protests in the capital, Santiago.U.S. locations for a Trump-Xi meeting that had been proposed by the White House, including Iowa and Alaska, have been ruled out, the person said. Locations in Asia and Europe are now being considered instead, the person said, asking not to be identified because the discussions aren’t public.Stocks in Asia were mixed Thursday and futures on the S&P 500 were flat. Equities in Japan edged up, while Hong Kong slipped and China and South Korean stocks were little changed.“Negotiations are continuing and progress is being made on the text of the phase-one agreement,” White House spokesman Judd Deere said. “We will let you know when we have an announcement on a signing location.”Reuters reported earlier that the signing might be delayed and likely wouldn’t occur in the U.S.Trump administration officials in recent days have expressed optimism that phase one of a comprehensive trade deal might come together this month, helping boost equity markets to records this week.“I think we’re in good shape, we’re making good progress, and there’s no natural reason why it couldn’t be” signed this month, U.S. Commerce Secretary Wilbur Ross told Bloomberg Television in an interview Sunday in Bangkok. “But whether it will slip a little bit, who knows, it’s always possible.”(Updates with Asian markets in fifth paragraph)\--With assistance from Justin Sink and Sophie Caronello.To contact the reporter on this story: Saleha Mohsin in Washington at smohsin2@bloomberg.netTo contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, Brendan Murray, Sarah McGregorFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Diamond Hill Continues to Buy Baidu, Deere
    GuruFocus.com

    Diamond Hill Continues to Buy Baidu, Deere

    Firm’s largest buys of the last 2 quarters Continue reading...

  • China Doubts Long-Term Trade Deal Possible With Trump
    Bloomberg

    China Doubts Long-Term Trade Deal Possible With Trump

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Chinese officials are casting doubts about reaching a comprehensive long-term trade deal with the U.S. even as the two sides get close to signing a “phase one” agreement.In private conversations with visitors to Beijing and other interlocutors in recent weeks, Chinese officials have warned they won’t budge on the thorniest issues, according to people familiar with the matter. They remain concerned about President Donald Trump’s impulsive nature and the risk he may back out of even the limited deal both sides say they want to sign in the coming weeks.Chinese policy makers concluded a key political gathering in Beijing on Thursday. In meetings ahead of that plenum some officials have relayed low expectations that future negotiations could result in anything meaningful -- unless the U.S. is willing to roll back more of the tariffs. In some cases, they’ve urged American visitors to carry that very message back to Washington, the people said.Chilean President Sebastian Pinera threw up another hurdle when he announced Wednesday that the country had canceled the Asia-Pacific Economic Cooperation summit Nov. 16-17 -- where Trump and China’s Xi Jinping hoped to meet -- because of social unrest in the country.U.S. stocks were little changed and bond yields retreated on concern about a protracted trade war between the world’s two largest economies. Earlier, a report showed a gauge of the outlook for China’s manufacturing sector dropped to the lowest level since February. On Wednesday, a government report in Washington showed U.S. growth slowed to a 1.9% annual rate, the weakest since the end of 2018.In a tweet on Thursday, Trump said the search is ongoing for a new location for Xi and him to sign the deal, which he said would be “about 60% of total deal.”That first step, according to the Trump administration, is meant to lead to a more comprehensive agreement involving more substantial economic reforms than those contained in the proposed initial phase. But Chinese officials are skeptical, saying that would require the U.S. to withdraw tariffs in place on some $360 billion in imports from China -- something many don’t see Trump being ready to do.The people familiar with China’s position said the tariffs don’t all have to be removed immediately, but they must be part of the next stage. China also wants Trump to cancel a new wave of import taxes due to take effect Dec. 15 on American consumer favorites such as smartphones and toys as part of the phase one deal, the people said.Beijing is open and willing to continue talks after an initial phase, but both sides recognize that it will be very difficult to reach an agreement on the deep structural reforms the U.S. is pushing for, said one Chinese official familiar with the talks.China has stated for months that a final deal must include the removal of all punitive tariffs, and has balked at reforms in areas such as state-run enterprises that could jeopardize the Communist Party’s grip on power. It’s politically unfeasible for Xi to accept any deal that would keep the punitive tariffs: Nationalists in the party have pressured him through state-run media editorials to avoid signing an “unequal treaty” reminiscent of those China signed with colonial powers.Tariff PressureSo far, U.S. Trade Representative Robert Lighthizer and his team, which declined to comment, have been adamant that the duties on $250 billion in Chinese goods -- imposed early in the trade war -- be maintained over the long term as a way to enforce any commitments China makes.The questions over the future of negotiations reflect a change in U.S. strategy. After ramping up tariffs and pressure on China over the summer and saying he would settle only for an all-encompassing agreement, Trump in early October shifted to the step-by-step approach.The first phase, which negotiators are still trying to nail down, is expected to include a resumption of Chinese purchases of U.S. farm goods and other products such as aircraft.It’s also expected to include Chinese commitments to protect American intellectual property and an agreement by both sides not to manipulate their currencies. In return, Trump agreed not to go ahead with an Oct. 15 tariff increase and aides have raised the possibility of canceling the Dec. 15 levies.But missing from the deal now taking shape are many of the deeper economic reforms such as a changes to the regime of government subsidies Chinese companies benefit from that the Trump administration – and American businesses – have been seeking, raising questions over whether the economic cost of Trump’s trade assault will have been worth it.Trump has sought to preempt criticism that he’s getting little from China by arguing that the tougher issues will be dealt with in future phases. “Phase two will start negotiations almost immediately after we’ve concluded phase one,” he told reporters this month.White House spokesman Judd Deere said Thursday, after this story was first published, that the president “wants real structural changes that yield actual, verifiable, and enforceable results” that lead to fairer trade with China.Modelling Global GDP Impact of Trade WarYet the move to a phased approach reflects China’s resistance to many U.S. demands and a concession by the White House to abandon its stance that nothing is agreed until all the thorny issues are resolved.“Even if they do get a phase one, a phase two is going to be substantially more difficult because all the really difficult issues are being deferred,” said Eswar Prasad, who once led the International Monetary Fund’s China team and is now at Cornell University.During recent conversations with senior Chinese policy makers, Prasad said the common theme they expressed was skepticism. “They are quite pessimistic,” he said. “They fear that any deal that they negotiate with Trump could blow up in their face.”The differences were evident even as Trump announced the “substantial phase one deal” with China’s lead negotiator, Vice Premier Liu He, and promised a broader thaw in relations as part of what he dubbed a “love-fest.”Behind closed doors though, the mood was not quite as fulsome. According to people close to the talks, the sides were still debating how to apportion issues between phases and what to announce just minutes before reporters were let in for the announcement.‘Positive Direction’Trump declared before the press that there could be as many as three phases to a deal while Liu declined to discuss details.“We very much agree that to get the China-U.S. economic relationship right, it’s something that is good for China, for the United States, and for the whole world and we are making a lot of progress toward a positive direction,” Liu told reporters.China’s Ministry of Commerce did not immediately respond to a fax seeking comment on the trade talks. But a former official says there could still be a long road ahead.“If the U.S. demands are too much, such as insisting on the so-called structural changes that will alter China’s economic model, then the complete deal can’t be finished during Trump’s first term,” said Zhou Xiaoming, a former Ministry of Commerce official. “Other than that, China wants to have a deal as quickly as possible” though a complete deal would include the removal of all punitive tariffs, he said.That’s far from what the Trump administration is prepared to offer. “It’s not obvious that there is a real meeting of minds,” Prasad said.(Adds White House spokesman’s comment in 18th paragraph.)\--With assistance from Miao Han and Zoe Schneeweiss.To contact the reporters on this story: Shawn Donnan in Washington at sdonnan@bloomberg.net;Jenny Leonard in Washington at jleonard67@bloomberg.net;Steven Yang in Beijing at kyang74@bloomberg.netTo contact the editors responsible for this story: Simon Kennedy at skennedy4@bloomberg.net, Brendan Murray, Margaret CollinsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Deere & Company's (NYSE:DE) P/E Ratio Really That Good?
    Simply Wall St.

    Is Deere & Company's (NYSE:DE) P/E Ratio Really That Good?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...

  • Deere Finally Breaks Out, so Fire Up Your Engine and Buy
    TheStreet.com

    Deere Finally Breaks Out, so Fire Up Your Engine and Buy

    After a big consolidation pattern going back nearly two years, the stock of the agricultural equipment giant is seeing the powerful results.

  • Low Rates and Low Inflation? Not Always on Main Street
    Bloomberg

    Low Rates and Low Inflation? Not Always on Main Street

    (Bloomberg Opinion) -- For those in finance and finance-related industries, it’s easy to get lured into sweeping generalizations about the state of the American economy. I can’t begin to estimate how many times I’ve heard some iteration of “the U.S. consumer remains strong,” or “stubbornly low inflation,” or “it’s a great time to be a borrower with rock-bottom interest rates.”So I give a lot of credit to Bloomberg News’s Christopher Maloney and Adam Tempkin for shattering that boilerplate with an article this week about the boom in online installment loans. Provocatively titled “America’s Middle Class Is Getting Hooked on Debt With 100% Rates,” it undercuts much of Wall Street’s assumptions about life across the country.Are all American consumers really that strong? Perhaps not, judging by how subprime borrowers owe some $50 billion on installment products. Is inflation frustratingly low? Maybe by historical averages, but in the 10 years through 2018, crucial budget items for middle-class households like home prices, medical care and college tuition have soared at a much faster pace than average incomes, potentially driving people to alternative credit providers. And as for those ultra-low interest rates so often bandied about?Enter the online installment loan, aimed in part at a fast expanding group of ‘near-prime’ borrowers -- those with bad, but not terrible, credit -- with limited access to traditional banking options.Ranging anywhere from $100 to $10,000 or more, they quickly became so popular that many alternative credit providers soon began generating the bulk of their revenue from installment rather than payday loans.…For subprime lender Enova International Inc., outstanding installment loans averaged $2,123 in the second quarter, versus $420 for short-term products, according to a recent regulatory filing.Larger loans have allowed many installment lenders to charge interest rates well in the triple digits. In many states, Enova’s NetCredit platform offers annual percentage rates between 34% and 155%.That number — 155% — is stunningly high. Granted, it’s not as if online installment loans are necessarily the first type of debt incurred by Americans, nor are they a particularly large share of obligations. Total household debt reached a record $13.86 trillion in the second quarter, according to data from the Federal Reserve Bank of New York. More than two-thirds of that is mortgages, while loans for college and automobiles are consuming ever-larger shares of balance sheets.Still, triple-digit interest costs are unthinkable for individuals, corporations or governments with pristine credit. The Bankrate.com 30-year fixed mortgage lending rate fell earlier this month to 3.68%, not far from the all-time low of 3.32% in September 2016. Deere & Co. set a record in September for the lowest-yielding 30-year investment-grade corporate debt, at 2.877%. Even though the yield on the longest-dated U.S. Treasuries dropped to an unprecedented low in late August, President Donald Trump is imploring the Fed to emulate Europe and Japan and drop interest rates below zero.For those relying on installment loans, the concept of being paid to borrow money surely sounds like an alternate reality. California has actually taken measures to cap the interest rate on loans between $2,500 and $10,000 — to 36% plus the fed funds rate. Compared with an annual percentage rate of more than 100%, I guess that’s a borrower-friendly move.It’s always risky to draw broad conclusions about household credit trends. The sevenfold increase in online installment loan volume since 2014, for instance, can mean two things, depending on your worldview. For those with a gloomy take on the U.S. economy, it’s a sign of how the working class has been forced to take on onerous debt to keep up with their higher cost of living. For the more optimistic onlookers, it indicates that individuals with marginal credit scores are confident enough in their financial position to borrow, even if they’re still locked out from traditional banks. In the words of Jonathan Walker, who heads Elevate Credit Inc.’s Center for the New Middle Class, “there has been a lot of innovation to meet the consumer where they are.”Similarly, the New York Fed’s data has a mix of good and bad economic news. On the bright side, 95.6% of households were current on their debt payments in the second quarter, the largest share since 2006. However, those considered “severely derogatory” on payments made up almost half of all delinquencies, the largest share ever. My conclusion was that in the current economy, you either have the money to pay back what you owe or you don’t.But even that might be too simplistic. Looking out over the coming years, some analysts suggest FICO credit scores from Fair Isaac Corp. have been artificially boosted over the past decade and overstate how many borrowers could pay back what they owe in an economic downturn. Online installment loans are among the debt most vulnerable to inflated scores. So are credit cards — and card issuers ramped up the percentage of loans they expect will never be repaid in the first quarter to a seven-year high of 3.82%. The so-called charge-off rate has since come down to 3.33%.Perhaps some credit is due to Fed Chair Jerome Powell, who is widely expected on Wednesday to announce the central bank’s third interest-rate cut since July. He has reiterated at every opportunity that he and other officials are acting as they see fit to sustain the economic expansion, with a focus on funneling the benefits of a strong labor market and rising wage growth to people who have missed out thus far. They’ve kept the U.S. economy chugging along.And yet it feels as if the economy remains at a crossroads. Conference Board data released on Tuesday showed that U.S. consumers are as confident about their current situation as they have been in the past 19 years, while their outlook for the future is the most dour since January.Layer that cautious macro view on top of the more micro elements of household debt balances, including the surge in online installment loans, and an image begins to emerge of a precarious situation for a swath of Americans. It’s a picture of the economy that Wall Street too often blurs out.To contact the author of this story: Brian Chappatta at bchappatta1@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Will These 3 Giant Companies Blow It Again?
    Investor's Business Daily

    Will These 3 Giant Companies Blow It Again?

    Investors can deal with a minor earnings miss. But three S&P; 500 companies are making falling short a habit. And they've blown it four quarters in a row.

  • Barrons.com

    Buy Deere Stock After the Corn Bombshell Was a Dud, Analysts Say

    The USDA updated grain supply and demand estimates last week, leaving grain production estimates largely unchanged.

  • The Zacks Analyst Blog Highlights: Microsoft, KLA-Tencor, QUALCOMM, YUM! Brands and Deere & Co.
    Zacks

    The Zacks Analyst Blog Highlights: Microsoft, KLA-Tencor, QUALCOMM, YUM! Brands and Deere & Co.

    The Zacks Analyst Blog Highlights: Microsoft, KLA-Tencor, QUALCOMM, YUM! Brands and Deere & Co.

  • Barrons.com

    Earnings Season Just Started. Here Are 12 Stocks That Could Come Out Losers.

    One strategist screened for companies that are expected to see earnings drop in the third quarter, and have had three or more “double misses” during the last eight quarters. Stocks that fit the bill include Walt Disney, Philip Morris International, and Deere.

  • Deere (DE) to Buy Unimil, Expand Sugarcane Business in Brazil
    Zacks

    Deere (DE) to Buy Unimil, Expand Sugarcane Business in Brazil

    The Unimil acquisition will back Deere's (DE) commitment to expand sugarcane business in Brazil and make investments to reduce customers' production costs for sugarcane.

  • What Kind Of Shareholders Own Deere & Company (NYSE:DE)?
    Simply Wall St.

    What Kind Of Shareholders Own Deere & Company (NYSE:DE)?

    Every investor in Deere & Company (NYSE:DE) should be aware of the most powerful shareholder groups. Institutions...

  • CNW Group

    Deere to acquire Unimil, provider of aftermarkets parts for sugarcane harvesters

    MOLINE, Ill. , Oct. 14, 2019 /CNW/ -- Deere & Company (DE) has signed an agreement to acquire Unimil, a privately-held Brazilian company in the aftermarket service parts business for sugarcane harvesters. "The decision to acquire this company in the aftermarket parts business emphasizes our commitment to customers," said Cory Reed , president of Deere's Worldwide Agriculture and Turf Division in the Americas. Unimil, located in Piracicaba, Sao Paulo, Brazil , was founded in 1999 and has become a well-recognized provider of sugarcane harvester parts.