FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

16Nov2015 Market Close: Markets Close Up Sharply With Little Positive News

Written by Gary

Sea Container counts in contraction. New York Manufacturing in contraction. Terror in Paris. All is well as the markets rose sharply over 1% at close.

Todays S&P 500 Chart

The Market in Perspective

Here are the headlines moving the markets.

U.S. regulators invite applications from would-be Takata monitors

WASHINGTON (Reuters) - U.S. auto safety regulators on Monday invited outside companies and individuals to apply for the job of independent monitor for the massive recall of Takata Corp air bag inflators.

Wall Street jumps 1 percent, looks beyond Paris attacks

(Reuters) - Wall Street surged over 1 percent on Monday as investors bet Friday's deadly attacks in Paris would have little long-term effect on the U.S. economy and corporate earnings.

Dassault says delayed 5X jet schedule should be clear in early 2016

LAS VEGAS (Reuters) - Dassault Aviation said on Monday it expects to announce a new testing and production schedule early next year for its Falcon 5X business jet, which has been delayed by problems with engines supplied by Snecma.

Marriott to buy Starwood to create world's biggest hotel chain

(Reuters) - Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc for $12.2 billion to create the world's largest hotel chain with top brands including Sheraton, Ritz Carlton and the Autograph Collection.

Detroit's Big Three accelerate plans to build more small cars in Mexico

DETROIT (Reuters) - Detroit's Big Three automakers are accelerating plans to produce more small cars for the North American market in Mexico as they seek to reduce labor costs, while using higher-paid U.S. workers to build their very profitable trucks, sport utility vehicles and luxury cars.

VW says CO2 cheats affect more petrol engines than previously disclosed

Volkswagen manipulated the carbon dioxide (CO2) emission levels of more petrol-powered vehicles than previously disclosed, a spokesman for the carmaker said on Monday.

How Pfizer has shifted U.S. profits overseas for years

Drugmaker Pfizer's plans to take over Allergan have faced a political backlash in the United States over fears a deal would lead to the company shifting its headquarters and taxable profits to Ireland.

Taco Bell to switch to cage-free eggs after 2016, ahead of rivals

Taco Bell said on Monday its more than 6,000 U.S. fast-food restaurants would stop using eggs laid by caged hens by Jan. 1, 2017, years ahead of the deadlines set by its bigger rivals.

Buffett's Berkshire cuts crisis-era Goldman stake

Warren Buffett's Berkshire Hathaway Inc on Monday said it reduced its stake in Goldman Sachs Group Inc by 13 percent during the third quarter, paring a successful investment it made during the height of the global financial crisis.

Meanwhile, In Chicago

With a person shot every 3 hours and murdered every 17 hours, perhaps - just perhaps - there is more than just climate change to worry about in Chicago...

There's this...

And then there's this...


There Are No Safe Spaces

Submitted by Howard Kunstler via,

I'm not persuaded that world opinion will ever "make sense" of the Paris attacks. The non-linear rules the day. So-called Fourth Generation Warfare works because there are so many small arms loose in the world and any band of maniacs with a few machine guns and a pound of Semtex plastic explosive can create the equivalent of a war zone in a given locality.

As for the French military, the obvious first move was to bomb the ISIS "stronghold" of Raqqa. But haven't the US and Russian air forces been doing exactly that for some time now? Either they've already bombed the place and everything in it to gravel, or air power is not what it's cracked up to be — and we have plenty of reason to believe the latter after a decade of selectively pounding jihadists from Afgahnistan to Libya with nothing to show for it except a refugee crisis.

One thing seems assured: hard-line governments are coming soon. Politically, the West had boundary problems that go way beyond the question of national borders to the core psychology of modern liberalism. When is enough of anything enough? And then, what are you really willing to do about it? The answer lately among the Western societies is to do little and do it slowly.

The behavior of college administrators and faculties in the USA these days is emblematic of this cowardly dithering. Intellectual despotism reigns on campus and the university presidents roll over like possums. They don't have the moral strength to defend free speech as the campus witch-hunts ramp up. The result will be firs ...

Obama Says 10,000 "Carefully Vetted" Syrian Refugees Still Headed To The US

As reported earlier Texas, and five other states, including Louisiana, Alabama, Arkansas, Indiana, and Michigan announced that in the aftermath of the Paris attack, they have rescinded their invitations to Syrian refugees. Some of the excerpts:

"Michigan is a welcoming state and we are proud of our rich history of immigration," Michigan governor Rick Snyder said, according to the Detroit Free Press. "But our first priority is protecting the safety of our residents."

“The acts of terror committed over the weekend are a tragic reminder to the world that evil exists and takes the form of terrorists who seek to destroy the basic freedoms we will always fight to preserve," Alabama Gov. Robert Bentley said in his statement. "I will not place Alabamians at even the slightest, possible risk of an attack on our people," he added.

"As Governor I will oppose Syrian refugees being relocated to Arkansas," Arkansas Gov. Asa Hutchinson tweeted.

"Indiana has a long tradition of opening our arms and homes to refugees from around the world but, as governor, my first responsibility is to ensure the safety and security of all Hoosiers," Indiana Governor Mike Pence wrote in a statement. "Unless and until the state of Indiana receives assurances that proper security measures are in place, this policy will remain in full force and effect.â€

But while these states profess to putting the safety of their citizens first and foremost, then perhaps the Federal government is looking for... more explosions? At least that is the initial take on the statement by the State Department spokesman Mark Toner who said that the United States "still plans to try to admit 10,000 Syrian refugees int ...

VIX Again - That Is All

Presented with little comment aside to ask WTF?

VIX must be crushed to levitate stocks because the terrorists can't be allowed to win...

U.S. Stocks Advance

Energy shares led U.S. stocks higher, while investors and analysts noted that terrorist attacks in recent years have typically prompted knee-jerk reactions but little lasting impact on markets.

Oil Prices Rebound

U.S. oil prices rose Monday, erasing earlier losses, after nearing the psychologically key $40-a-barrel level.

Big African Debt Burdens, Written Off, Are Back Again

Rock stars helped convince the international community to write off more than $100 billion of African government borrowings a decade ago. Now the big debts are back, and it’s getting tougher for countries to pay them off, thanks to a borrowing spree that has collided with the commodities collapse.

October 2015 Sea Container Counts Continue to Show Trade Recession Continues

Written by Steven Hansen

The data for this series continues to be in contraction. The year-to-date volumes are contracting for both exports and imports. The trade sector remains in a recession.

The Margin: 6 wild uses for drones that aren’t just photography

5 cool uses for drones that aren’t just photography, from stopping rhino poachers to creating nighttime shows at Disneyland.

The Wall Street Journal: Sotheby's to offer voluntary buyouts to cut costs

Sotheby's say it will offer voluntary buyouts to most employees in jurisdictions where it is practical, in an effort to cut compensation costs.

Market Snapshot: Stocks poised to snap 3-session losing streak as gains accelerate

U.S. stocks are poised to break their three-session losing streak Monday as investors shook off pessimism following the Paris terror attacks while gold and the U.S. dollarâ€"assets perceived as havensâ€"got a boost.

Summary of Economic Releases this Week

Real Time Economic Calendar provided by

Earnings Summary for Today

Earnings Calendar provided by

leading Stock Positions

Leading Stock Quotes powered by

Current Commodity Prices

Commodities are powered by

Current Currency Crosses

The Forex Quotes are powered by

To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

Click here for Historical Releases Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

You can also comment using Facebook directly using he comment block below.

Econintersect Live Market


Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Take a look at what is going on inside of
Main Home
Analysis Blog
A Short Note on a Connection Between Marginalist Economics and Folk Medicine
Run A High Pressure Economy? Janet Yellen Does Not Understand the Problem
News Blog
21 October 2016: ECRI's WLI Growth Index Again Declines
Advance Estimate 3Q2016 GDP Quarter-over-Quarter Growth at 2.9 Percent.
Rail Week Ending 22 October 2016 Better Than The Previous Week
What Happens After The Islamic State Loses Mosul
Infographic Of The Day: The History Of Women's Ice Hockey In Canada
Early Headlines: Asia Stocks Mixed, Huge Antarctic Marine Park, Can Trump Get To 270?, US Workers Gaining, UK Inflation, France GDP, India Savings Lag And More
Why Amazon Gives So Many Perks To Prime Members
Where Workplace Trust Is Strongest
How A Lack Of Sleep Affects Your Brain - And Personality
How Accurate Are Final US Election Polls
What We Read Today 27 October 2016
A Pony And His Beloved Teddy Bear Reunite After Being Apart For 3 Years
October 2016 Kansas City Fed Manufacturing Remains In Expansion
Investing Blog
Technical Thoughts: Looking For The Rebounds
Gold That Pays Dividends
Opinion Blog
Global Debt Investors: The Silence Of The Lambs
A Hard Brexit And Reduced Migration Won't Benefit UK Workers
Precious Metals Blog
Inflation Surging As Platinum Signals Stock Market Decline
Live Markets
28Oct2016 Pre-Market Commentary: US GDP Rises To 2.9 Percent, Gold Falls Sharply, Markets Expected To Initially Open Fractionally Higher
Amazon Books & More

.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government

Crowdfunding ....



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved