Written by Gary
US stocks were down slightly in late afternoon trading today (SPY -0.4%) as reports on the trade front kept investors cautious ahead of scheduled talks later in the week.
The Market in Perspective
| Here are the headlines moving the markets. | |
 | U.S.-China deputy-level trade talks get underway in tense atmosphereU.S. and Chinese deputy trade negotiators launched a new round of talks on Monday aimed at resolving the two nations’ 15-month trade war, with neither side showing any signs of giving ground. |
| Trump economic adviser says delisting Chinese firms ‘not on the table’U.S. President Donald Trump’s chief economic adviser on Monday said the administration had begun studying U.S. investor protections in China, but that delisting Chinese companies traded on U.S. exchanges “is not on the table.” |
| Kroger to stop sales of e-cigarettes at storesKroger Co said on Monday it would stop selling e-cigarettes at its stores and fuel centers, making it the latest U.S. supermarket chain to take the step amid growing regulatory scrutiny of the product. |
| Wildfire victims in PG&E bankruptcy see $13.5 billion in claimsA lawyer for the committee representing wildfire victims in the bankruptcy of PG&E Corp said at a hearing on Monday that the committee sees $13.5 billion as the cost to the power provider for paying claims of the victims. |
| Wall Street falls amid nervousness ahead of trade talksU.S. stocks were down slightly in late afternoon trading on Monday as reports on the trade front kept investors cautious ahead of scheduled talks later in the week. |
| Oil prices drop as hopes fade for comprehensive U.S.-China trade dealOil prices settled lower on Monday, paring earlier gains as hopes of a comprehensive U.S.-China trade deal faded and a new poll showed analysts expected U.S. oil crude inventories to have risen last week. |
| Nissan board set for tense meeting as alleged split over future leadership emergesThe board of Nissan Motor Co will meet on Tuesday as a split has emerged over the scandal-hit automaker’s next CEO, putting the head of the nominations committee at odds with an influential executive, people familiar with the matter said. |
| Delta swings from market weakness to strength in Latin AmericaA surprise $1.9 billion investment by Delta Air Lines in LATAM Airlines Group is likely to fire up competition in South America as the weakest U.S. carrier in the region joins up with the strongest homegrown player. |
| Oil rises with eyes on Iraq; stocks, dollar drift higherOil prices jumped on Monday as supply issues took center stage following a week of sharp losses, while stocks and the dollar drifted higher with eyes on the upcoming Sino-U.S. trade talks. |
| Stocks Chop On Repo Ramp, Kudlow Comments, Trade Trouble, & Warren WooshStocks Chop On Repo Ramp, Kudlow Comments, Trade Trouble, & Warren Woosh An ugly open overnight – on limited China trade deal – was auto-bid my the machines to make things look a little better as US trader walked in this morning. But three notable events triggered swings in stocks (as underlying it all was Washington chaos). First, Fed repo demand picked up again – not what was expected after month-/quarter-end. |
| FBI Data Shows 5 Times More People Killed By Knives Than Rifles Last YearFBI Data Shows 5 Times More People Killed By Knives Than Rifles Last Year Authored by Matt Agorist via The Free Thought Project, On September 30, the FBI issued a press release noting they have published their 2018 crime statistics. Most notable about the report is the fact that despite constant fear mongering by the mainstream media and the government that crime is running rampant, the number of violent crimes decreased 3.3 percent as compared to the previous year. Also contained in the report were the numbers and causes of deaths in murder cases. Although the FBI did not make the comparison themselves, when reading the data we can see the number of murders carried out with knives or cutting devices was five times higher than the number of murders carried out with rifles. This comparison is particularly important given the current gun climate in America. |
| Prince Andrew Now Says Party-Filled 2010 Epstein Visit Was To ‘End Friendship’Prince Andrew Now Says Party-Filled 2010 Epstein Visit Was To ‘End Friendship’ Prince Andrew is now claiming that his star-studded 2010 trip to stay with Jeffrey Epstein in New York was to end their decades-long friendship, according to the Sunday Times of London. |
| Student, Car Loans Surge Most In Three YearsStudent, Car Loans Surge Most In Three Years While the total increase in US consumer credit in August was hardly a major outlier, rising by $17.9BN, below last month’s $23.05BN if above expectations for a $15.25BN print, and pushing the total number to a new record high of $4.14 trillion, the components of the overall number were surprising. |
| A banker reveals bonus culture behind $220 billion scandalA banker reveals bonus culture behind $220 billion scandalThe scandal has decimated the bank’s market value, with the share price plunging almost 50% in 2018. |
| You may find your dream job on InstagramYou may find your dream job on InstagramOver 70% of global Instagram are less than 35 years of age, and recruiters are keen to target this audience. |
| Slowdown effects are now waning: SBI bossSlowdown effects are now waning: SBI boss”Based on preliminary data the footfall at most shopping centres is back,” SBI chairman Rajnish Kumar said. |
| August 2019 Headline Consumer Credit Rate Year-over-Year of Growth SlowedWritten by Steven Hansen The headlines say consumer credit rate of annual growth slowed relative to last month. Our analysis shows annual growth decelerated.
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| The Margin: This U.S. city that Trump loves to hate is a tourists’ top pick for third year runningChicago is again named best big U.S. city by the prominent Condà Nast Traveler magazine. |
| Bond Report: U.S. Treasury yields climb ahead of U.S.-China trade talks later this weekTraders are keeping a close eye on U.S.-China trade talks that are set to resume later this week amid signs that the economies of the world’s two-largest trading partners are suffering from the protracted dispute. |
| Here are the U.S. cities with the highest growth in job openings and wagesThe analysis was carried out by Glassdoor based across major metro areas. |
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