Written by Gary
US major stock indexes closed higher (SPY +0.5%). WTI settles at 53.34 as Saudi Arabia and Russia can’t agree on an output-cutting deal.
The Market in Perspective
| Here are the headlines moving the markets. | |
 | Salesforce bets on big data with $15.3 billion Tableau buySalesforce.com Inc agreed on Monday to buy big data firm Tableau Software Inc for $15.3 billion, adding muscle in its fight with Microsoft Corp for a bigger share of the market that helps businesses target customers with tools to analyze and visualize data. |
| Trump says United Tech, Raytheon deal may hurt competitionU.S. President Donald Trump gave mixed signals Monday as to whether he believed the $121 billion merger of defense contractor Raytheon Co and United Technologies Corp should go forward, while the Pentagon indicated it would take a hard look at the deal. |
| Oil falls 1% amid U.S.-China trade dispute, uncertainty on supply cutsOil prices fell more than 1% on Monday as U.S.-China trade tensions continued to threaten demand for crude and as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal. |
| Wall Street adds to recent rally on Mexico relief, deal optimismU.S. stocks extended their recent climb on Monday, with the Dow on track for a 6th straight day of gains after the United States dropped plans to impose tariffs on Mexican goods and after a couple of multibillion-dollar deals. |
| Global stocks climb on trade optimism; Treasuries fallEquities around the world rose on Monday while U.S. Treasury prices fell as risk assets were back in fashion after the United States shelved plans to impose tariffs on Mexico, easing worries about the impact of another trade war on the global economy. |
| Pentagon in talks with industry on United Technologies and Raytheon merger: statementPentagon leadership is engaging with industry leadership to understand the implications of the United Technologies Corp merger with Raytheon Co, a Pentagon official said on Monday. |
| Exclusive: Some big tech firms cut employees’ access to Huawei, muddying 5G rolloutSome of the world’s biggest tech companies have told their employees to stop talking about technology and technical standards with counterparts at Huawei Technologies Co Ltd in response to the recent U.S. blacklisting of the Chinese tech firm, according to people familiar with the matter. |
| Trump ready to slap more tariffs on China after G20 meetingU.S. President Donald Trump said on Monday he was ready to impose another round of punitive tariffs on Chinese imports if he does not reach a trade deal with China’s president at a Group of 20 summit later this month. |
| United Technologies, Raytheon slip after Trump comments on mega dealShares of defense contractor Raytheon Co and United Technologies Corp pared gains on Monday after U.S. President Donald Trump said he was a “little concerned” about their $121 billion merger to create a new aero-defense company. |
| Morning Market Melt-Up Momentum Fades But Bonds & Bullion SlidePowell to markets – “Never gonna let you down”… Chinese markets rallied overnight, but faded in the afternoon session… |
| “Hostile” JPMorgan Accused Of Driving “Fragile” Broker To SuicideMichael Lorig joined JPMorgan in 2008 as a senior managing director following its merger with Bear Stearns. |
| Schiff: “Everything The Fed Said About Normalizing Rates Was A Lie”Via SchiffGold.com, Last week was a good one for the stock market. Peter Schiff raised an important question in his latest podcast: why? Answer: it’s all about the Fed. |
| Audi Preemptively Recalls Its First Electric Vehicle Due To Risk Of Battery FireAudi has preemptively recalled its first electric vehicle, the E-Tron SUV, due to risk of battery fire, according to Bloomberg. No Audi E-Tron fires have been reported. The company issued the voluntary recall of approximately 540 electric vehicles sold in the U.S. due to a risk of moisture that can seep into the battery cell through a wiring harness glitch, according to company spokesman Mark Dahncke. |
| Why the new FM doesn’t have much leeway on fiscal deficitWhy the new FM doesn’t have much leeway on fiscal deficitWhile the need for stimulating growth is paramount, there is a limit to which fiscal deficit may be stretched. |
| Is the next global recession coming soon?Is the next global recession coming soon?With the recent re-emergence of trade tensions, it would be difficult to avoid global recession. |
| PM Modi’s next big agenda: Ease of livingPM Modi’s next big agenda: Ease of livingPM wants each ministry to come up with feasible targets on improving the quality of life of people. |
| Market Extra: Mark Mobius says U.S.-China trade fight turning ‘more strategic and critical’In a MarketWatch interview, emerging-markets pioneer Mark Mobius says it’s important to focus on companies in developing countries that are focused on homegrown demand as heightening trade tensions and other geopolitical risks threaten global trade growth. |
| Deep Dive: As United Technologies and Raytheon merge, here are the hottest defense-sector stocksThe aerospace and defense industry group has greatly outperformed the broader stock market this year and over longer periods. |
| The Tell: ‘Full-scale bear market’ for stocks is among 3 scenarios Citi analysts predict amid trade tensionsWall Street investors enjoy a multiday rally on Monday, with the Dow Jones Industrial Average poised for a six-session advance, but strategists at Citigroup say looming trade tensions still make a bear-market a possibility if the Trump administration’s tariff disputes aren’t resolved favorably. |
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