Written by Gary
President Trump calls out China for not buying U.S. agricultural products; trade talks are ongoing in Shanghai (SPY -0.2%). Apple’s (AAPL) earnings report has not been released by the time this article was published.
The Market in Perspective
Here are the headlines moving the markets. | |
U.S. could decide on licenses for companies to sell to Huawei by next week – RossThe Trump administration could respond by next week to companies that have requested special licenses to sell to Chinese telecoms giant Huawei Technologies Co Ltd, U.S. Commerce Secretary Wilbur Ross said on Tuesday during a visit to Brazil. | |
Oil rises on expectations of Fed rate cut, another U.S crude drawdownOil prices rose about 2% to a two-week high on Tuesday on optimism the U.S. Federal Reserve will cut interest rates this week for the first time in more than 10 years, boosting demand expectations in the world’s biggest oil user. | |
Trump says he will seek U.S. trade accord with BrazilPresident Donald Trump on Tuesday said he will pursue a U.S. trade agreement with Brazil, suggesting a friendly relationship with President Jair Bolsonaro could help lower trade barriers between the two biggest economies in the Americas. | |
Amazon, Walmart, Ikea targeted in University of California light bulb lawsuitsFive major retailers, including Amazon.com Inc and Walmart Inc , were sued on Tuesday by the University of California over what it called the “existential threat” when foreign manufacturers infringe schools’ patents. | |
FAA hopes global regulators simultaneously approve Boeing 737 MAX to fly againThe U.S. Federal Aviation Administration hopes civil aviation authorities around the world will decide at about the same time to allow the Boeing 737 MAX to resume flying, the agency told Congress on Tuesday in a letter seen by Reuters. | |
Huawei warns on U.S. ban after China smartphone sales drive first-half revenueChinese tech giant Huawei Technologies warned on Tuesday a U.S. trade blacklisting will impact short-term revenue growth, even as its half-year revenue surged 23% thanks to soaring smartphone sales at home. | |
Shares in plant-based burger maker Beyond Meat slide on stock offeringShares in meat alternatives company Beyond Meat slid on Tuesday, a day after the company known for its pea-based burgers and sausages announced a stock offering plan to raise capital just three months after going public. | |
Wall Street drops on new trade worries, Fed; Apple eyedU.S. stocks slipped on Tuesday after a warning from President Donald Trump to China pressured technology shares, while investors looked to an expected interest rate cut at the conclusion of the Federal Reserve’s monetary policy meeting. | |
Stocks off on Trump’s warning to China; sterling falls furtherA gauge of global stock markets fell on Tuesday as the latest round of U.S.-China trade talks began amid a threat from President Donald Trump, while concerns over a no-deal Brexit continued to drag the British currency lower. | |
Short-Squeeze Sparks Small Caps Spike, Crude Jumps As Cable DumpsBeyond Belief… China stocks dipped in the afternoon after a morning buying panic… | |
“California Should Be Embarrassed” – State Passes Law Banning Trump From Ballot Unless Tax Returns ReleasedWe’re thrilled to see the far-left in America has the same respect for the Democratic process as their forebears did (for a reference to their forebears, see here). On Tuesday, Calif. Gov. Gavin Newsom signed a bill requiring President Trump to either release his tax returns or he won’t appear on the ballot in the state. | |
Rate-Cut Hype Prompts Goldman To Raise S&P Target, Slash Earnings ExpectationsAuthored by Sven Henrich via NorthmanTrader.com, The circus is back in town and it’s putting on a major show, the rate cut show. | |
Flip-Flop From Good-to-Bad Gamma: Nomura Signals Levels To Watch As FOMC Decision LoomsWith all eyes focused on whether Jay Powell will go 25, 50, and/or end QT, Nomura’s Charlie McElligott notes that dealers are generally positioned aggressively long and additionally ‘long gamma’. However, given the potential for some serious volatility tomorrow, what levels should investors be watching for chaotic unwinds to begin. Via Nomura, Our analysis shows that Dealers are currently “long Gamma” across combined SPX / SPY options, with $Gamma at 80th %Ile since 2013. However, we would see that position “flip” to “Short Gamma” down at 2978, or 2974 ex the 8/2/19 expiry | |
CCD crisis: PE players, independent directors come under Sebi lensCCD crisis: PE players, independent directors come under Sebi lensThe role of the company’s audit and other board committees and their members is also under scanner. | |
IndiGo founders’ feud isn’t over. Here’s proofIndiGo founders’ feud isn’t over. Here’s proofRakesh Gangwal and Rahul Bhatia are locked in a bitter battle over alleged corporate governance lapses. | |
The real reason why Indira nationalised banksThe real reason why Indira nationalised banksIn economic terms, banks’ nationalisation is described as a failure. But politically, it was a smashing hit. | |
July 2019 Conference Board Consumer Confidence ImprovedWritten by Steven Hansen The latest Conference Board Consumer Confidence Index’s headline number now stands at 135.7 (1985=100), up from 124.3 in June. | |
Market Extra: Here’s how the stock market tends to perform when the Fed cuts ratesThe Federal Reserve is widely expected to cut benchmark borrowing costs for the first time in more than a decade on Wednesday. | |
Economic Report: Consumer confidence surges near 18-year high even as Fed gets ready to cut ratesThe Federal Reserve is worried about the economy, but American consumers aren’t. They’re very confident, in fact. | |
The Ratings Game: Capital One’s ‘pride’ hurt by data breach but not much else, analysts sayShares of Capital One took a dive Tuesday, after the financial services company announced a major data breach affecting 100 million people in the U.S., but Wall Street analysts say investors shouldn’t rush to sell. |
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