15Apr2019 Market Close: Wall Street Ends On A Negative Note As Bank Earnings Disappoint, DOW Closes Down 28 Points, SP 500 Closes Down, But Flat

U.S. to press allies to keep Huawei out of 5G in Prague meeting: sources

The United States will push its allies at a meeting in Prague next month to adopt shared security and policy measures that will make it more difficult for China’s Huawei to dominate 5G telecommunications networks, according to people familiar with the matter and documents seen by Reuters.

U.S. agency submits uranium import probe to White House

The U.S. Commerce Department has submitted to the White House the results of a national security investigation into uranium imports, a spokesman for the department said on Monday.

Boeing sees me as its ‘piggy bank’, Lion Air co-founder says

The co-founder of Indonesia’s Lion Air, one of two airlines that lost passengers and crew in recent crashes involving the 737 MAX, has lashed out at Boeing’s handling of the accidents as the potential business fallout from the jet’s grounding intensifies.

U.S. airlines face too many travelers, too few planes in 737 MAX summer dilemma

Normally, U.S. airlines compete to sell tickets and fill seats during the peak summer travel season. But operators of the grounded Boeing 737 MAX are facing a different problem: scarce planes and booming demand.

United plans non-stop flights between New York and Cape Town from December

United Airlines said on Monday it plans to operate non-stop flights between New York and Cape Town thrice a week starting December.

Bank results impede Wall Street; oil falls as Russia mulls more production

World stocks reversed earlier gains on Monday as underwhelming quarterly results from U.S. banks weighed on Wall Street, while oil prices fell as Russia mulled boosting production.

UniCredit Group to pay $1.3 billion, German unit to plead guilty in U.S. sanctions resolution

UniCredit Group, Italy’s biggest bank by assets, has agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said on Monday.

Boeing brainstorms to regain trust in MAX, Trump urges rebranding

U.S. President Donald Trump on Monday urged Boeing Co to fix and “rebrand” its 737 MAX jetliner following two fatal crashes, while the planemaker said it was brainstorming with airlines over other ways to win back public trust.

Ready when you are, EU tells U.S. on trade talks

The European Union is ready to starts talks on a trade agreement with the United States and could conclude a deal before the end of the year, European Trade Commissioner Cecilia Malmstrom said on Monday.

Greenback Gains But Banks, Bitcoin, Bullion, & Bond Yields Slide

As Stocks rise, Volumes slide…

Did Russia Just Call The End Of The OPEC Deal?

Authored by Julianne Geiger via Oilprice.com,

OPEC and heavyweight Russia may fight America for its share of the oil market, Russia’s Finance Minister Anton Siluanov told TASS on Saturday, even if it means quitting the OPEC deal and lowered oil prices.

OPEC and Russia have tapered oil production according to the agreed upon production cut deal, but the United States continues to increase its production and is picking up market share in the process – market share formerly held by OPEC members and the other non-OPEC signatories to the deal including Russia.

Inside The US-Led Operation To Bust North Korean Oil Smugglers On The High Seas

For the first time details of an extensive anti-smuggling surveillance operation involving eight United Nations member countries in the East China Sea, in waters near China and North Korea, have been revealed by a new Wall Street Journal investigation.

WSJ reporters accompanied the USS Milius and an allied Japanese warship, cooperating further with military surveillance aircraft, on a mission to thwart sanctions busting illegal oil transfers on the high seas to North Korean tankers.

Fed Should “Embrace” And “Communicate Comfort” With Even Higher Inflation: Evans

Back in September 2017, in what may have been the most stunning admission by Janet Yellen during her tenure as Fed chair, she said that “we don’t fully understand inflation” and added that the “shortfall of inflation this year is more of a mystery.” Since then, the Fed’s understanding of inflation appears to have solidified at least in asmuch as the Fed remains unable to find it, despite soaring US housing prices, which continue to rise roughly 2 to 5 times faster than wage inflation every year (depending on the metro area), not to mention out of control college tuition prices, healthcare costs and sharp occasional spikes in food prices which are far more sticky to the upside, stubbornly refusing to drop after any price shock.

And then there are runaway asset prices and include both domestic and international stock and bond prices, which as Goldman has repeatedly shown, have soared since January 2009. Of course, the Fed ignores these and focuses only on the BLS’ hedonically-adjusted, politically goalseeked CPI basket.

Forecaster of the Month: Growth slowing, but economic fundamentals still strong, forecaster says

Fears of a recession are overblown, because the foundation of the economy remains strong, says Oxford Economics’ Gregory Daco, winner of the Forecaster of the Month award from MarketWatch.

The Notre Dame Cathedral fire is destroying centuries’ worth of history

Almost 13 million people visit the 850-year-old cathedral and its sacred relics each year.

Need to Know: Cash to invest? Here are 3 countries you should consider ahead of the U.S.

The U.S. stock market has proven to be an historic juggernaut, and its stellar performance this year only solidifies its reputation. But is it time to diversify overseas? Our call of the day says “yes!”