Written by Gary
US stocks slipped this afternoon (SPY -0.02% flat), weighed down by technology shares after Cisco’s dour forecast.
Here is the current market situation from CNN Money | |
 | North and South American markets are mixed. The Bovespa is higher by 0.13%, while the S&P 500 is leading the IPC lower. They are down 0.10% and 0.06% respectively. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
| Warren lashes out at Goldman over Apple Card bias claims: BloombergU.S. Senator Elizabeth Warren questioned Goldman Sachs’s response to allegations of bias in how the bank evaluates applicants for Apple Inc’s credit card, suggesting it should pull down the algorithm if it cannot be explained, Bloomberg reported on Wednesday. |
| Ford to use Mustang name for electric SUVFord Motor Co will use the Mustang name, previously reserved for a muscle car, for an electric sport utility vehicle (SUV) that customers in the United States, Canada and Europe can start ordering on Nov. 17, the company said on Thursday. |
| Walmart posts strong results ahead of holidays, earns praise from TrumpWalmart Inc raised its annual outlook on Thursday as a robust economy boosted purchases at its stores and website and the retailer picked up market share in food and other groceries, earning praise from U.S. President Donald Trump. |
| Fed not focused on daily ups, downs of trade deal: WilliamsThe U.S. Federal Reserve will not make policy based on day to day developments in U.S.-China trade policy or on Britain’s exit from the European Union, a U.S. central banker said on Thursday, in part because businesses do not make their decisions that way either. |
| ProSieben says merger with Mediaset wouldn’t workGerman broadcaster ProSiebenSat.1 is more interested in collaborating in digital growth areas than in a full-blown merger, Chief Executive Max Conze said on Thursday after Italy’s Mediaset raised its shareholding. |
| Tesla sedans regain recommended status in Consumer Reports surveyTesla Inc’s Model 3 and S sedans both regained “recommended” status in Consumer Reports magazine’s annual reliability survey, allowing the electric carmaker’s overall standing to rise slightly. |
| U.S. fines former Deutsche Bank subprime chief over alleged mortgage fraudA former head of subprime trading at Deutsche Bank AG will pay a $500,000 civil fine to resolve charges he misled investors about the quality of loans backing $1.42 billion of residential mortgage-backed securities (RMBS) issued before the 2008 financial crisis. |
| World stocks, yields fall as China slowdown deepensWorld stocks edged lower and debt yields fell on Thursday as Chinese economic data slowed in October and Germany narrowly avoided a recession in the third quarter, adding to concerns about the impact of the U.S.-China trade war on global growth. |
| Wall Street drops as Cisco’s dour outlook weighsU.S. stocks slipped on Thursday, weighed down by technology shares after Cisco’s dour forecast raised worries of a global economic slowdown and overshadowed strong results from big box retailer Walmart. |
| At Least One Killed, Four Wounded In California High School Shooting, Suspect In CustodyAt Least One Killed, Four Wounded In California High School Shooting, Suspect In Custody Update: 1:35 p.m. |
| Billionaires Savage Elizabeth Warren Over Virtue Smoke-Signaling Campaign AdBillionaires Savage Elizabeth Warren Over Virtue Smoke-Signaling Campaign Ad Elizabeth Warren was sorely mistaken if she thought she could get away with attacking prominent billionaires without repercussions, she was sorely mistaken. |
| Fed’s Powell Lectures Congress About Government Spending… That The Fed FacilitatesFed’s Powell Lectures Congress About Government Spending… That The Fed Facilitates Authored by Michael Muharrey via SchiffGold.com, Fiscal 2020 started just like fiscal 2019 ended ” with a massive federal budget deficit. And that has Federal Reserve Chairman Jerome Powell worried. In an ironic bit of political theater, Powell lectured Congress about the spending he helps facilitate. |
| Paul Craig Roberts Rages At The Latest ‘False’ Trump Impeachment NewsPaul Craig Roberts Rages At The Latest ‘False’ Trump Impeachment News Authored by Paul Craig Roberts, As the media are all out to get Trump, there is no way to get any valid information about the so-called impeachment. But you don’t have to pay too much attention to notice that the Democrats and the presstitutes are constantly changing the focus. The alleged whistleblower, who only had hearsay information, if that, has dropped out of the picture, being too compromised by his affliations and prior meetings with Adam Schiff during which the œwhistleblowing was planned as an attack on Trump. |
| Why India needs to rethink its decision to opt out of RCEPWhy India needs to rethink its decision to opt out of RCEPThere was a fear that there would be a surge in imports from China. There is a problem with this argument. |
| Voda Idea CEO speaks to staff to calm nervesVoda Idea CEO speaks to staff to calm nervesVodafone Idea MD Ravinder Takkar told employees that the company is hoping for relief for the sector. |
| Labour Min tweaks social security code, againLabour Min tweaks social security code, againThe ministry’s proposal to corporatise the EPFO had faced severe criticism from labour unions. |
| October 2019 Producer Price Final Demand Year-over-Year Growth Now 1.1%Written by Steven Hansen The Producer Price Index (PPI) year-over-year inflation declined from 1.4 % to 1.1 %,
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| Key Words: Pelosi says Trump ‘makes what Nixon did look almost small’House Speaker Nancy Pelosi blasts President Donald Trump just one day after the chamber’s first public impeachment hearings, comparing him unfavorably to Richard Nixon, who resigned in 1974 before the House could vote to impeach him. |
| The Tell: ‘Hindenburg Omen’ and ‘Ohama Titanic Syndrome’ form in a key stock-market indexA pair of ominous patterns are forming in the Nasdaq Composite, which could signal that a stock-market climb, fueled by a hoped-for tariff detente between the U.S. and China, may be starting to unwind “or at least stall out. |
| AMD, Amarin and Crispr are three stocks to watch for potentially higher pricesAMD has jumped to around $37 from under $28 last month. |
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