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27Jun2019 Midday Update: Wall Street Is Trading Near All-time Highs, DOW Up 30 Points, Nasdaq Up 0.7%, WTI In The 59 Handle

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Written by Gary

US stocks trade mixed ahead of G20 Summit (SPY +0.5%). First quarter GDP came in at 3.1 percent, matching expectations.

Here is the current market situation from CNN Money

North and South American markets are mixed. The S&P 500 is higher by 0.44%, while the IPC is leading the Bovespa lower. They are down 0.93% and 0.88% respectively.

What Is Moving the Markets

Here are the headlines moving the markets.

Twitter introduces feature to provide clarity on certain tweets

Twitter Inc said on Thursday it was introducing “notice”, a new feature that will provide more clarity to tweets by certain users that violate the social media company’s rules.

Bayer lifted by new plan to tackle glyphosate lawsuits, Elliott approval

Bayer shares jumped on Thursday after it revealed plans aimed at resolving multi-billion dollar lawsuits linked to glyphosate, a move welcomed by activist shareholder Elliott, which has taken a sizeable stake in the chemicals company.

U.S. economic growth surges in first-quarter, but momentum fizzling

U.S. economic growth accelerated in the first quarter, the government confirmed on Thursday, but the export and inventory boost to activity masked weakness in domestic demand, some of which appears to have prevailed in the current period.

Wall Street trims gains after Kudlow’s trade comments

U.S. stocks pared early gains on Thursday, with the S&P 500 hitting a session low, after hopes of a trade deal were dented by White House economic adviser Larry Kudlow’s comment that Washington may move ahead with more tariffs on Chinese goods.

Oil edges lower ahead of G20, OPEC meeting

Oil prices edged lower on Thursday, pressured by worries about whether the G20 summit will produce a breakthrough on trade that could strengthen the global economy and boost oil demand.

Airlines urge regulators to work together to return 737 MAX to service

Airlines on Thursday urged global regulators to coordinate on measures needed to bring the grounded 737 MAX jetliner back into service, as Boeing grappled with a new technical glitch and investors sold shares of suppliers over fears of more disruption.

U.S. judge orders Boeing to turn over documents in 737 MAX crash litigation

A Chicago judge on Thursday ordered Boeing Co to turn over documents on the development of its 737 MAX aircraft after lawyers representing some Ethiopian Airlines crash victims said their clients were not prepared to accept an offer by the planemaker to settle litigation.

Global stocks gain on U.S.-China trade truce hopes, dollar flat

Global equity markets gained and the dollar held steady on Thursday ahead of the G20 summit where a much-anticipated meeting of U.S. President Donald Trump and Chinese President Xi Jinping may lead to a truce in the U.S.-China trade war.

China urges U.S. to lift sanctions on Huawei as Trump-Xi meeting looms

The United States should immediately remove sanctions on Chinese telecoms equipment maker Huawei, a commerce ministry spokesman said on Thursday, days before the two countries’ leaders are due to meet for talks on trade.

Albert Edwards: This Was The Final Recessionary Shoe, And It Has Now Fallen

Exactly three months ago, in late March, the 3 month-10 year spread inverted for the first time since 2007…

Crypto Carnage Continues – Bitcoin Crashes Below $11,000

Bitcoin is down $3,000 from its highs yesterday, extending its plunge yesterday back below the $11,000 level.

Twitter To Censor Trump Tweets Ahead Of 2020 Election

Twitter announced on Thursday that it would censor President Trump’s tweets going into the 2020 election by “down-ranking” those which violate their rules via algorithms.

Photos Reveal AOC Was Crying Over An Empty Parking Lot

Authored by Paul Joseph Watson via Summit.news,

Newly uncovered photos from the border protest attended by a tearful Alexandria Ocasio-Cortez show that she was crying over an empty parking lot.

Many have accused the Congresswoman and her supporters of staging a photo-op after the images, taken during a 2018 event outside a migrant “tent city” in Tornillo, Texas, went viral earlier this week.

The photos show an emotional AOC holding her face and appearing to cry. Her attention appears to be directed towards whatever is on the other side of the fence.

Can Modi’s July 5 Budget help India get back on track?

Can Modi’s July 5 Budget help India get back on track?Gross domestic product growth slowed to a five-year low of 5.8% in the first quarter of 2019.

Are Indians over their Swiss obsession?

Are Indians over their Swiss obsession?Money parked by Indians in Swiss banks fell by nearly 6 per cent in 2018 to 955 million Swiss francs.

The only Budget with an FM’s life story

The only Budget with an FM’s life storyThe 1991 Budget speech by then FM Manmohan Singh was pathbreaking in more ways than one.

5 stocks trading at under $10 worth discovering

Some investors like to buy low-priced stocks, most of which are small-caps.

Cannabis Watch: Cannabis stocks rally with Aleafia leading the charge after a capital raise

Cannabis stocks rose Thursday, led by Aleafia Health Inc., which rallied after announcing the closure of a $40. 25 million convertible debt offering that will bolster its balance sheet and help grow its business.

Key Words: Dalai Lama says Trump lacks ‘moral principle’ and questions his emotional health

The spiritual leader also said a female Dalai Lama would have to be ‘attractive.’

Earnings Summary for Today

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

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27Jun2019 Market Close: Wall Street Rallies As Investors Eye G20 Summit, DOW Closes Down 10 Points, SP 500 Rallys Up, Closing At +0.4%, Nasdaq Closes Up 0.7%

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