Written by Gary
US consumer spending slowing, inflation benign (SPY -0.5%). Oil prices are nearly 2% lower after a leak on a US pipeline disrupted supply flows and weak factory activity in China.
Here is the current market situation from CNN Money
North and South American markets are lower today with shares in Mexico off the most. The IPC is down 0.78% while Brazil’s Bovespa is off 0.68% and U.S.’s S&P 500 is lower by 0.52%.
What Is Moving the Markets
|Here are the headlines moving the markets.|
Ford Motor Co plans to close an engine plant in Romeo, Michigan as part of a tentative agreement with the United Auto Workers union for a new four-year contract, a source told Reuters Thursday.
U.S. antitrust enforcers are probing Altria Group Inc for potentially exerting influence over electronic-cigarette maker Juul Labs Inc before winning approval for a big share buy, Altria said in a government filing on Thursday.
U.S. consumer spending increased marginally in September while wages were unchanged, which could cast doubts on consumers’ ability to continue driving the economy amid a deepening slump in business investment.
U.S. stocks fell on Thursday as worries that the United States and China may not be able to strike a trade deal overshadowed strong earnings reports from Apple and Facebook.
Altria Inc took a $4.5 billion hit from its investment in embattled electronic-cigarette maker Juul Labs Inc on Thursday, the latest setback for the startup as a regulatory crackdown on vaping threatens to upend the fast-growing industry.
Senior government officials in multiple U.S.-allied countries were targeted earlier this year with hacking software that used Facebook Inc’s WhatsApp to take over users’ phones, according to people familiar with the messaging company’s investigation.
Thyssenkrupp will remain committed to its Steel Europe division, which faces 2,000 layoffs, a board member said on Thursday, just weeks before the conglomerate presents a new strategy for the division.
Oil prices were nearly 2% lower on Thursday after a leak on a key U.S. pipeline disrupted supply flows and on data showing weak factory activity in China.
Kraft Heinz Co will spend more on marketing for key brands widely thought to have been neglected after reporting on Thursday that lower costs helped it beat third-quarter profit expectations, sending shares up 13% in midday trading.
Anti-Trump CIA Whistleblower Invited ‘Meddling’ DNC Operative To Obama White House In 2015
A partisan CIA officer who secretly worked with Rep. Adam Schiff’s Democratic staff before submitting a second-hand whistleblower complaint has been revealed as Eric Ciaramella – who previously worked in the Obama administration with former VP Joe Biden and former CIA Director John Brennan.
How QE Has Radically Changed The Nature Of The West’s Financial System
Authored by Ramin Mazaheri via The Saker blog,
Because they are so ensconsed in their little bubble and because they profit so much from maintaining the status quo, Western mainstream media pundits don’t ” or perhaps can’t ” admit how Quantitative Easing policies have so quickly and so radically changed the financial system of the West and their satellites.
I imagine that most everyone reading this is already aware of what has transpired economically across the West over the last decade:
Elite-class asset (stuff rich people own ” stocks, real estate, financial derivatives, luxury goods, etc.) prices have ballooned to pre-2008 levels.
Debt (which is, of course, another elite-owned asset), mainly to pay for banker bailouts and their usurious interest levels, has ballooned national accounts to incredible levels.
The œreal economy has only weakened, as proven by endemic low economic growth across the West and Japan.
As a pro-socialist who has no faith that capitalism seeks anything but inequality, I believe that creating and compounding these issues has been the unstated goal of Western policy over the last decade. But that’s not the main point: what cannot be denied is that those ARE the economic results of the West’s œeasy money policies ” i.e., QE and ZIRP (Zero percent interest rate policy) for the 1%, and austerity for the …
Voters In Key Battleground States Oppose Impeachment: Polls
New polling from several 2020 battleground states reveal that more people oppose than support using impeachment to remove President Trump from office, according to The Hill, which describes the results as “a potential danger sign for Democrats.”
In Major Announcement ISIS Confirms Baghdadi Death & Names New Leader
update:Â Moments ago the ISIS media channelÂ Al-Furqan FoundationÂ released its awaited “big announcement” which it first teased 24 hours ago.
The terror group has confirmedÂ Abu Bakr al-Baghdadi’s death and declared a new leader, named as Abu Ibrahim al-Hashimi al-Qurayshi. Al Jazeera reports of the new statement:
The audio message was reported as being brief and urges followers to “fulfill the call of Baghdadi”.
It further threatens attacks on the US and Europe, saying,Â “America, don’t you rea …
Worked for 26 months under BJP govt: Rajan jogs FM’s memoryRaghuram Rajan, who faced a stinging attack from FM, reminded her that two-third of his tenure was under BJP.
A giant car company is in the makingFiat Chrysler & PSA said they aimed to reach a binding deal to create a $50 bn co domiciled in Netherlands.
Will bull run continue? What analysts sayMost analysts expect the rally to continue; however, gains may be capped for largecaps.
Written by Steven Hansen
Econintersect’s Economic Index forecast fell marginally again this month and continues to show the lowest level of growth since the economic slowdown in 2016. The continuing weakness of manufacturing, transport, and exports/imports continues to weigh on our economic forecast.
Key Words: Donald Trump Jr. tells Fox News that he wishes he was Hunter Biden so he could ‘make millions’ off his dad’s name
Fox News host Tucker Carlson once said that what bothers him the most is a lack of self-awareness. œI don’t know if I have ever met a group less self-aware than political reporters, he told Business Insider in 2016. Has he ever met Don Trump, Jr.?
Key Words: ‘Rich Dad, Poor Dad’ Robert Kiyosaki says this is ‘the only rule’ for getting and staying rich
How can I get rich quick? Robert Kiyosaki says he’s asked that a lot, and it’s the most disturbing question he gets.
U.S. stocks traded lower Thursday after renewed worries about a U.S. – China trade deal, more evidence of a slowdown in manufacturing, and mixed corporate earnings, despite an interest rate cut by the Federal Reserve Wednesday.
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