04Jun2019 Market Close: Wall Street Had 2nd Best Day Of The Year, DOW Rallied Closing Up 512 Points, Surging On Comment By Fed’s Powell Leaving The Door Open For Rate Cut

Trump says tariffs on Mexico likely, decries migrant ‘onslaught’

President Donald Trump on Tuesday said he would probably defy Mexico, U.S. business groups and lawmakers from his own party and impose new tariffs on all imports from Mexico to pressure authorities there to clamp down on illegal immigration into the United States.

As U.S. tariff deadline on Mexican goods looms, Pence to host talks on Wednesday

U.S. Vice President Mike Pence will host Mexican leaders at the White House on Wednesday for talks aimed at pressuring authorities to clamp down on migrants heading for the southern U.S. border, a White House spokesman said on Tuesday.

Departures at South African state firms could drag out Ramaphosa’s reforms

President Cyril Ramaphosa’s mission to fix two of South Africa’s most troubled state companies, power firm Eskom and South African Airways (SAA), could take longer than planned after their chief executives quit within a week of each other.

U.S. stocks surge on comment by Fed’s Powell

Wall Street’s three major indexes clocked their biggest one-day gains in five months on Tuesday after Federal Reserve Chair Jerome Powell left the door open for a possible rate cut.

Trump trade war may push Fed closer to rate cut it resisted

U.S. President Donald Trump may finally get the rate cut he has been demanding, but for the wrong reasons, as top Federal Reserve officials began warning this week that the global trade war may force them to respond.

Trump says Republicans would be ‘foolish’ to block Mexican tariffs

U.S. President Donald Trump on Tuesday warned fellow Republicans in Congress not to block his efforts to impose tariffs on Mexico as part of his broader immigration fight amid reports that lawmakers are considering steps to block his latest trade salvo.

Automakers say Trump’s threatened Mexico tariffs would cost billions

Toyota Motor Corp said on Tuesday that U.S. President Donald Trump’s proposal to slap tariffs on Mexican-made goods could cost its major suppliers $1 billion, highlighting growing concern in the U.S. auto sector about the potential damage of a new front in the Trump administration’s trade wars.

Effusive Trump promises Britain a ‘phenomenal’ post-Brexit trade deal

U.S. President Donald Trump on Tuesday promised Britain a “phenomenal” post-Brexit trade deal, dismissed differences over China’s Huawei and glossed over other disagreements as he heaped praise on the United States’ closest ally.

Factbox: How will Britain’s Conservative Party choose PM May’s successor?

Britain’s Theresa May has said she will resign as Conservative Party leader on June 7, setting up a contest that will bring a new prime minister to power who could pursue a cleaner break with the European Union.

‘Coward Of Broward’ Arrested: Former Sheriff’s Deputy Who Ran From Mass Shooting Faces 11 Counts

Former Broward Sheriff’s deputy Scot Peterson, 56, has been arrested and charged over his failure to act during the Valentine’s Day mass shooting at Marjory Stoneman Douglas High School last year.

Dollar Dumps, Yields Jump On Biggest Stock Short-Squeeze In 5 Months

Worst Is First! What goes down, must go back up, right? Perhaps it’s better not to play…

Chinese stocks were weak overnight, led to the downside by the tech-heavy Shenzhen Composite…

Trump Threatens New National Emergency To Enact Mexico Tariffs

The Trump administration has indicated that it may declare a second national emergency in order to implement new tariffs announced on Mexico, according to Senate Republicans, who announced the potential plan following a closed-door lunch with White House deputy counsel Pat Philbin and DOJ officials.

Liz Warren Unveils “Economic Patriotism” Plan: Calls For Aggressive Market Interventions, Active Dollar Management

Step aside AOC: with her latest economic policy proposal dubbed simply “economic patriotism”, Elizabeth Warren has blown past embracing Modern Monetary Theory in favor of a highly centralized, Soviet-style economy.

From 13,000-word policy statements, RBI has come a long way

From 13,000-word policy statements, RBI has come a long wayThe central bank has become briefer and less complex in its policy communication, showed a study.

Air India sweetens deal with 100% stake offer

Air India sweetens deal with 100% stake offerBesides offering 100% stake to private investors, more loans may be transferred to the special purpose vehicle.

Why didn’t disappearing jobs hurt Modi?

Why didn’t disappearing jobs hurt Modi?The latest National Sample Survey Office report shows that unemployment has risen to a record 6.1 per cent.

April 2019 CoreLogic Home Prices Up 3.6% Year-over-Year

Written by Steven Hansen

CoreLogic’s Home Price Index (HPI) shows that home prices in the USA are up 3.6 % year-over-year (reported up 1.0 % month-over-month). CoreLogic HPI is used in the Federal Reserves’ Flow of Funds to calculate the values of residential real estate. The quote of the day was in this data release:

…. buyers feel that high prices are forcing them to spend more than they’d expect on a home ….

Market Snapshot: Dow rallies over 500 points after Powell seen to leave door open to rate cut

U.S. stocks rebound strongly Tuesday, with gains tied in part to remarks by Federal Reserve Chairman Jerome Powell seen leaving the door open to a rate cut. Traders also tie strength to a lack of further escalation of trade tensions.

The Ratings Game: LaCroix sales are down now but could pop during the summer

LaCroix sales have plunged leaving some analysts bearish about a recovery, while others think warmer weather will provide relief.

Bond Report: 30-year Treasury yield stages biggest one-day jump in six weeks after Fed remarks

Treasury yields rise Tuesday after remarks by Federal Reserve Chairman Jerome Powell and other central bankers.