Written by Gary
US stocks fell today from weak trade data from China (SPY -0.6%) adds yet another level of concern over the health of the world’s second-largest economy.
The Market in Perspective
Here are the headlines moving the markets. | |
Airbus steps up pressure on suppliers over Canadian jetEurope’s Airbus is ratcheting up pressure on suppliers like United Technologies to cut costs for its Canadian-developed A220 jetliner as it expands factory facilities to cope with anticipated demand for the former Bombardier model. | |
Air Canada would study Airbus, Boeing for transatlantic narrowbody needsAir Canada is interested in further developing the use of narrowbody aircraft to serve the transatlantic market and would look at both Airbus and Boeing models, a senior executive said. | |
GM electric vehicle strategy last chance for Cadillac’s success: executiveGeneral Motors Co’s strategy to make its luxury Cadillac marque its lead electric vehicle brand is the automaker’s final opportunity to turn the unit around and make it a success, a top executive said on Monday. | |
No. 1 U.S. utility PG&E prepares bankruptcy filing after California wildfiresPG&E Corp , owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California’s catastrophic wildfires in 2017 and 2018. | |
PG&E bond prices fall, spreads widen on bankruptcy plansBonds of PG&E Corp , owner of the biggest U.S. power utility by number of customers, plunged on Monday after the company said it is preparing to file for Chapter 11 bankruptcy protection as it faces liabilities linked to wildfires in California. | |
China worries weigh on Wall Street, earnings expectations tepidU.S. stocks declined on Monday as an unexpected drop in China’s exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicks off. | |
Nissan CEO calls for Renault board to review Ghosn findingsNissan expects alliance partner Renault’s board to back its ousting of Chairman Carlos Ghosn once it sees evidence from the Japanese carmaker’s investigation, Chief Executive Hiroto Saikawa said in a Monday newspaper interview. | |
Global auto leaders urge Trump administration to end trade turmoilAuto executives gathered in Detroit on Monday called on the Trump administration and Congress to resolve trade disputes, and end the government shutdown, saying political uncertainty is costing the industry. | |
U.S. healthcare stocks seen maintaining momentum after strong 2018One of the rare market bright spots last year, the U.S. healthcare sector remains a Wall Street darling despite a slow start to 2019. | |
Trump Trade Talk Rescues US Equities After Shanghai ShitshowAnother day, another attempt to buy the dip to make sure everything looks awesome… Ugly China data sparked weakness in stocks (no bad news is good news here)…
European markets were not pretty… | |
Guideposts For Powell’s Direction On Quanto-TighteningAuthored by Christopher Wood via Grizzle.com, Fund managers entered 2019 shaken and stirred. So more of a relief rally would not surprise, most particularly given the absence of the traditional year-end rally, though the S&P500 bottomed on Boxing Day and is now up 10.6%. The triggers for the relief rally clearly relate to the twin topics of trade and tightening. On trade the base case remains that a deal will be done between America and China within the allocated 90-day period for reasons often discussed here; though it is clearly a positive that trade negotiators commenced talks last Monday in Beijing. QUANTO TIGHTENING IS NOT ON AUTOPILOT On tightening there has been a more substantive development when Fed Chairman Jerome Powell went out of h … | |
Shutdown Chaos Spreads As TSA Worker Shortage Cripples Airport Security Checkpoints Across CountryAirline passengers across the country have been grappling with wait times of “over an hour” to get through security checkpoints, as TSA employees – unpaid due to the partial government shutdown, called in absent at more than twice last year’s rate. The absences – thought to be due to a combination of the shutdown and a snowstorm on the East Coast, have forced airports to close security lanes in Atlanta, Washington and Houston.
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Another Crucial Canadian Pipeline Runs Into TroubleAuthored by Nick Cunningham via Oilprice.com, Late last year, Royal Dutch Shell gave the greenlight to a massive LNG export terminal on Canada’s Pacific Coast, one of the largest investments in LNG in years. But like other fossil fuel projects in Canada, the plans have run into some trouble. Shell’s LNG Canada project hinges on a … | |
Bond Report: 30-year Treasury yield hits more than three-week highTreasury yields were struggling for direction on Monday after a raft of weaker trade data underlined the slowdown in global growth | |
Futures Movers: Oil ends lower on signs of fresh China weakness; natural-gas prices jump 16%Oil futures on Monday are on track to suffer a second straight session decline as global equity markets pull back on further signs of weakness in China, the world’s second-largest economy. | |
Personal Finance Daily: How ‘extreme baby monitors’ track your child’s every move and are VCs biased against women?Monday’s top personal finance stories |
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