Written by Gary
US-China tensions running high, hopes dim for end to trade war (SPY -1.2%). Top Chinese AI startups targeted to US trade blacklist.
Here is the current market situation from CNN Money | |
North and South American markets are mixed. The Bovespa is higher by 0.12%, while the S&P 500 is leading the IPC lower. They are down 1.13% and 0.46% respectively. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
Soft U.S. producer inflation supports case for Fed rate cutU.S. producer prices unexpectedly fell in September, leading to the smallest annual increase in nearly three years, likely giving the Federal Reserve further room to cut interest rates for the third time this year in October. | |
Boeing gets first 737 MAX order since crash; deliveries halveBoeing Co secured the first new order in months for one of its grounded 737 MAX planes in September, the company said on Tuesday, as it reported total deliveries for the first nine months of 2019 that were just half those a year ago. | |
With U.S.-China tensions running high, hopes dim for end to trade warBeijing sharply rebuked Washington on Tuesday for adding some top Chinese artificial intelligence startups to its trade blacklist, dimming hopes for progress in high-level talks aimed at ending a 15-month trade war between the two economic giants. | |
China urges U.S. to remove sanctions on Chinese firmsChina strongly urges the U.S. to remove sanctions on Chinese firms and will take any necessary measures to firmly protect its own interests, China’s commerce ministry said in a statement late on Tuesday. | |
Stocks fall on trade angst; Brexit battle tackles poundOil prices and stocks across major markets fell on Tuesday as tension rose between China and the United States ahead of high-level trade talks, while the British pound sank on reports that Brexit negotiations were close to breaking down. | |
Nissan pins revival hopes on ‘foreigner with a Japanese face’Nissan Motor Co named the head of its Chinese business as its next CEO on Tuesday, picking an executive known for close ties to top shareholder Renault and for a frank, straight-talking manner that has marked him as an outsider. | |
Oil eases on concerns over U.S.-China talks, weak economic dataOil prices slid on Tuesday as Washington’s blacklisting of more Chinese companies dampened hopes for a trade deal between the two countries, though unrest in Iraq and Ecuador lent some support to crude prices. | |
U.S. expands blacklist to include China’s top AI startups ahead of trade talksThe U.S. government widened its trade blacklist to include some of China’s top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions ahead of high-level trade talks in Washington this week. | |
Index funds invest trillions but rarely challenge managementIndex funds now control half https://tmsnrt.rs/2Mhmc6L the U.S. stock mutual fund market, giving the biggest funds enormous power to influence decisions and demand better returns at the companies in which they invest trillions of dollars. | |
“Close To A Standstill”: IMF Warns Global Growth Will Be Cut To Lowest Since Lehman“Close To A Standstill”: IMF Warns Global Growth Will Be Cut To Lowest Since Lehman Don’t expect any good news next week when the IMF holds its annual meeting and releases its latest World Economic Outlook report due on October 15. According to the IMF’s new head, Bulgarian Kristalina Georgieva, the monetary fund will again cut its growth forecast for both 2019 and 2020; as a reminder back in July, the IMF again cut its projection for 2019 GDP growth to 3.2% this year and 3.5% next year, its fourth downgrade since last October, and the lowest since the financial crisis amid ever-escalating trade war. In fact, according to Georgieva, who apparently was brought in to take the blame for Lagarde’s disastrous legacy, global trade growth “is close to a standstill”, which last time we checked was 0%. It means we are about about to have a new entry in the “worst since Lehman” category. By now it is no secret to anyone that everyone – global institutions, economists and investors – have blamed the U.S.-China tariff war as the main reason for slowing global growth (and catalyst behind upcoming QE). The trade tensions have partly caused manufacturing to tumble and weakened investment, creating a œserious risk of spillover to other areas of the economy like services and consumption, Georgieva said on Tuesday according to Bloomberg. “The global economy is now in a synchronized slowdown,” she said, noting that the fund estimates that 90% of of the world is seeing slower growth. This is a huge change to the global economy from two years ago, when growth was accelerating across three-quarters of the globe in a sync … | |
Syrian Kurds Say ‘Partnership’ With Assad Or Russia Likely If Turkey InvadesSyrian Kurds Say ‘Partnership’ With Assad Or Russia Likely If Turkey Invades As we predicted in the wake of the White House’s late Sunday announcement that œTurkey will soon be moving forward with its long-planned operation into Northern Syria and that American troops will withdraw from the “immediate area” “ this will ensure that the United States’ Kurdish proxies in Syria, now in Erdogan’s cross hairs, will quickly do a deal with “the devil we know” “ that is, come under the protection of Assad and the Syrian Army. On Monday the commander of the US trained and armed Syrian Democratic Forces (SDF), Mazlum Abdi, indicated just that in a bombshell statement. œWe are considering a partnership with Syrian President Bashar al-Assad, with the aim of fighting Turkish forces,  he said. | |
Is AOC’s New “Just Society” Platform Worse Than Green New Deal?Is AOC’s New “Just Society” Platform Worse Than Green New Deal? Authored by Sarah Cowgill via LibertyNation.com, Couch surfers, basement dwellers, and welfare-system abusers are rejoicing at Rep. Alexandria Ocasio-Cortez’s (D-NY) latest harebrained scheme to rally votes for the progressive radical left. While her Green New Deal struggles on life support ” surviving only by the prayers of Bernie Bros through the ether – AOC recently released her plan to equalize the nation. | |
Hillary Rockets Into 3rd Place On PredictIt As Rumors Swirl Over 2020 RunHillary Rockets Into 3rd Place On PredictIt As Rumors Swirl Over 2020 Run The odds of Hillary Clinton entering the 2020 presidential race and winning the Democratic nomination jumped to third place per PredictIt, as rumors swirl that she’ll be back to take another bite at the apple. | |
Wary of China in RCEP, PM Modi takes a stock of the trade pactWary of China in RCEP, PM Modi takes a stock of the trade pactIndia is likely to remain in the pact but with some safeguards and caveats in order to protect its interests. | |
Auto firms headed for another weak quarterAuto firms headed for another weak quarterThe auto sector has been reeling under pressure due to weak demand for more than a year now. | |
IAF gets its most lethal fighter aircraftIAF gets its most lethal fighter aircraft India had signed an agreement with France for the procurement of 36 Rafale jets at a cost of Rs. 59,000 cr. | |
The financial costs and mental-health benefits of gender-affirming surgery for transgender peopleTransgender individuals in a new study were six times as likely as their general-population counterparts to have visited a health-care provider for an anxiety or mood disorder. | |
This financial planner racked up $12,000 in credit-card debt ” ‘I went a little overboard’‘They don’t see me as a perfect person and I don’t want them to.’ | |
Europe Markets: European stocks end lower on China worries, LSE stumblesBanks felt the pain as European stocks drifted lower on Tuesday, as worries over U.S.-China trade talks continued to weigh on sentiment. |
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