Written by Gary
US stocks down moderately as US-EU clash over support of $11 billion in ‘tariffs on EU products (SPY -0.4%).
Here is the current market situation from CNN Money | |
What Is Moving the Markets
Here are the headlines moving the markets. | |
Share rally cools as Trump turns trade heat on EuropeThe dollar fell and the rally in global equities lost steam on Tuesday as a U.S. threat to slap tariffs on hundreds of European goods and a downgrade by the International Monetary Fund in its global economic growth forecasts dimmed the appetite for risk. | |
Biotech crops among sticking points in U.S.-China trade deal: sourcesChina’s lengthy approval process for genetically modified crops remains a sticking point in talks to end the trade war between China and the United States, according to two sources with knowledge of the talks. | |
Delta CEO says confident Boeing will resolve 737 MAX issuesDelta Air Lines Inc Chief Executive Officer Ed Bastian said on Tuesday he was confident U.S. planemaker Boeing Co would resolve issues relating to its 737 MAX jet following two deadly crashes involving that type of aircraft. | |
Boeing quarterly orders halve, deliveries tumble on 737 MAX groundingBoeing Co said on Tuesday orders nearly halved in the first quarter and the planemaker handed over far fewer aircraft, as it struggled with the worldwide grounding of its best-selling 737 MAX jets following two fatal crashes. | |
Qualcomm loses court bid against EU antitrust regulators’ demand for dataU.S. chipmaker Qualcomm on Tuesday lost a court challenge against a demand for it to provide EU regulators with data in a long-running antitrust case. | |
Exclusive: Ford likely to end independent India business with new Mahindra deal – sourcesFord Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-venture company in India, a move that will likely see the U.S. automaker cease independent operations in the country, two sources with direct knowledge of the talks told Reuters. | |
Trump, Europe ramp up tariff threats in aircraft disputeU.S. President Donald Trump said on Tuesday the United States would impose tariffs on $11 billion worth of European Union products, heightening tensions over a long-running transatlantic aircraft subsidy dispute that threatens to become a broader trade battle. | |
EU executive eyeing retaliation against U.S. over aircraft subsidiesThe European Commission has begun preparations for possible retaliation against Boeing subsidies, the EU executive said on Tuesday, a day after Washington drew up a list of EU imports to hit with tariffs over subsidies given to Europe’s Airbus. | |
Trump slams EU in aircraft dispute, pushes tariffs on $11 billion of importsU.S. President Donald Trump said on Tuesday the United States would impose tariffs on $11 billion of products from the European Union, a day after U.S. trade officials proposed a list of EU products to target as part of an ongoing aircraft dispute. | |
Buchanan: As 2020 Looms, We’re Already Deep In The Politics Of HateAuthored by Patrick Buchanan via Buchanan.org, During an Iowa town hall last week, “Beto” O’Rourke, who had pledged to raise the level of national discourse, depicted President Donald Trump’s rhetoric as right out of Nazi Germany.
By week’s end, Beto’s Third Reich comparison had been matched in nastiness by Bernie Sanders’ description of the president to the cheering activists of Al Sharpton’s National Action Network:
Sanders managed to appeal to almost all elements of the Democrats’ coalition by accusing Trump of hating blacks, women, gays, foreigners and Muslims. Sanders’ outline of Trump calls to mind Hillary Clinton’s now-famous attack on the white working-class folks who would give Trump his victory:
Where Hillary’s slander of the Donald’s MAGA constituents as a thoroughly rotten crowd of Americans came two months before the 2016 election, Bernie’s assault on Trump’s character comes fully 20 months before the 2020 election. | |
On Election Eve Netanyahu Boasts Trump Designated Iran’s Guards At His RequestWe noted Monday that just hours after President Trump formally designated Iran’s Islamic Revolutionary Guards Corps as a terrorist organization, Iran’s foreign ministry responded in kind, immediately put forward a bill placing US Central Command on a list of organizations designated as terrorists, akin to Daesh. A number of analysts were quick to point out how this sets the stage for further unnecessary tit-for-tat escalation inevitably making things messier for US forces in the Middle East, and significantly increases the changes of direct war. Soon after the White House’s IRGC designation, Israeli Prime Minister Benjamin Netanyahu thanked President Trump in a tweet, the Hebrew version of which bragged it was all the prime minister’s idea. | |
Whalen: Trump Is Right To Blow Up The Fed”Authored by Christopher Whalen via The American Conservative, The Federal Reserve is out of control, acting in ways and with powers that were never explicitly granted by Congress… | |
Jolted JOLTS: Job Openings Plunge By 538,000; Biggest Drop In 42 MonthsBack in February, the BLS reported a dismal jobs report, when the unrevised number saw only 20K payrolls added. While the subsequent data saw a marked improvement, and an upward revision to the February number which was a cold-weather related outlier, the JOLTS survey appears to not have caught up, and the result was the ugliest job openings survey in three and a half years. Specifically, in February, the BLS reported that only 7.087 million jobs openings existed, the lowest number since March 2018, and a drop of 538,000 in one month: the biggest plunge since August 2015. Notably, the January print was revised higher to 7.625 million, effectively tied with the all time high in this series. | |
February 2019 Headline JOLTS Job Openings Rate Predicting Lower Employment GrowthWritten by Steven Hansen The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the year-over-year growth rate of unadjusted private non-farm job openings was down relative to last month. | |
The Ratings Game: Apple stock bounces back toward $1 trillion market capApple Inc.’s stock is on pace to post its first 10-day winning streak since 2010 as the company moves closer to reclaiming a $1 trillion market value. | |
Gay Americans risk their life and safety when they travel abroad to these placesBrunei is just one of many countries that aren’t safe for LGBTQ travelers. | |
Rent the Runway targets girls aged 3 to 12 — will this create a generation of entitled kids obsessed with designer labels?Subscription services like Rent the Runway are targeting kids, and so are other high-end products. |
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