Written by Gary
S&P 500, Nasdaq hit record highs on US jobs report and China data (SPY +0.7%). China’s factory activity expanded at its fastest pace in more than two years.
Here is the current market situation from CNN Money | |
North and South American markets are higher today with shares in Brazil leading the region. The Bovespa is up 0.99% while U.S.’s S&P 500 is up 0.75% and Mexico’s IPC is up 0.48%. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
Qantas says cracks found in three 737 NG jets, will minimize customer impactQantas Airways Ltd said on Friday it found structural cracks in three of its Boeing Co 737 NG planes after conducting earlier-than-required checks of its aircraft as part of a global issue with the model. | |
China may impose $3.58 billion in annual trade sanctions on U.S.: WTO panelA World Trade Organization (WTO) panel said on Friday that China was entitled to slap compensatory sanctions on U.S. imports worth $3.579 billion annually for the U.S. failure to remove anti-dumping duties – roughly half the amount China had sought. | |
Fed’s Kaplan says he supported rate cut only if Fed signaled nothing furtherDallas Federal Reserve Bank President Robert Kaplan said on Friday he went along with the U.S. central bank’s rate cut this week contingent on the Fed signaling that no further decreases to borrowing costs were likely, barring a material change in the economic outlook. | |
U.S. October job growth beats expectations despite GM strikeU.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere and hiring in the prior two months was stronger than previously estimated, offering some assurance that consumers would continue to support the slowing economy. | |
S&P 500, Nasdaq hit record high on U.S. jobs report, China dataWall Street’s main indexes advanced on Friday, as investors took comfort from data that showed U.S. jobs growth slowed less than expected in October and China’s factory activity expanded at its fastest pace in more than two years. | |
Exxon, Chevron earnings fall on lower oil and gas pricesExxon Mobil Corp and Chevron Corp on Friday posted sharply lower quarterly results despite increases in oil and gas production as lower energy prices soured results for most oil majors. | |
Oil rises 2% on hopes for U.S.-China trade dealOil prices rose 2% on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected economic data in both countries, including U.S. employment and Chinese manufacturing activity numbers. | |
Fosun Tourism to buy Thomas Cook, related hotel brands for $14.3 millionChina’s Fosun Tourism Group said on Friday it would acquire the Thomas Cook and related hotel brands for 11 million pounds ($14.25 million), in a bid to expand its presence in the tourism business. | |
Three flight attendant unions voice alarm after 737 MAX hearingsUnions representing flight attendants at the three U.S. airlines that operate Boeing Co’s 737 MAX said they are more reluctant to support the grounded jet’s return after congressional hearings this week on its development. | |
Why The Latest Keystone Spill Is Disastrous For Canadian OilWhy The Latest Keystone Spill Is Disastrous For Canadian Oil Authored by Nick Cunningham via OilPrice.com, The Keystone Pipeline was shut down this week after it ruptured and spilled in North Dakota. TC Energy ” formerly known as TransCanada ” said on Wednesday that it shut down the 590,000-bpd line after it detected a drop in pressure. œTC Energy immediately began the process to shut down the pipeline, activated its emergency response procedures and dispatched ground technicians to assess the situation, the company said. | |
Cooperman-Warren War-Of-Words Escalates: “You’re Either Grossly Uninformed Or Warping Facts For Political Gain”Cooperman-Warren War-Of-Words Escalates: “You’re Either Grossly Uninformed Or Warping Facts For Political Gain” Billionaire hedge fund manager Leon Cooperman recently told Politico that, while he believes in a œprogressive income tax and the rich paying more, he disagreed with much of Warren’s approach.
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“One Army Major And Combat Vet To Another” – In Defense Of Tulsi Gabbard“One Army Major And Combat Vet To Another” – In Defense Of Tulsi Gabbard Authored by Danny Sjursen via TruthDig.com,
Once again, Arundhati Roy – the esteemed Indian author and activist – more eloquently described what I’m feeling than I could ever hope to. After tours in Iraq and Afghanistan, a lifetime in the Army and burying several brave young men for no good reason, I couldn’t remain silent one moment longer. Certainly not about the madness of America’s failed forever wars, nor about domestic militarization of the police and the border, nor about the structural racism borne of our nation’s œoriginal sin. Still, most of my writing and public dissent has stayed within the bounds of my limited expertise: the disease of endless, unwinnable and often unsanctioned American wars. At times it’s been a decidedly lonely journey, particularly in the many years I remained on active duty while actively dissenting. I was, and remain, struck by how few of my fellow soldiers, officers and recent pos … | |
“Not One Penny In Middle-Class Tax Increases” – Warren Unveils Plan To Cover $52 Trillion Medicare-For-All“Not One Penny In Middle-Class Tax Increases” – Warren Unveils Plan To Cover $52 Trillion Medicare-For-All Senator Elizabeth Warren unveiled more details of her “Medicare for All” plan she swears won’t cost the middle class “one penny,” while raising federal spending by $20.5 trillion. Paying for the increases would be a wave of taxes on large corporations, the wealthy, cracking down on tax evasion, an $800 billion reduction in defense spending, and putting newly legalized immigrants on the tax rolls. | |
For Amazon, a perfect Future now depends on 40 questionsFor Amazon, a perfect Future now depends on 40 questionsAs per sources, CCI has asked Amazon more than 40 questions related to Future Retail deal and its businesses. | |
Air India divestment plan is still stuck on runwayAir India divestment plan is still stuck on runwayThe issues holding Expression of Interest are FDI norms & national carrier status after change in ownership. | |
Jio loses the ring time war to rivalsJio loses the ring time war to rivalsThe ring duration issue is at the heart of interconnect usage charges spat between older carriers and Jio. | |
25 October 2019 ECRI’s WLI Growth Rate Declined And Remains In ContractionWritten by Steven Hansen ECRI’s WLI Growth Index which forecasts economic growth six months forward declined and remains in contraction. | |
‘Terminator: Dark Fate’ expected to lead weekend box officeœTerminator: Dark Fate, the latest installment in the franchise starring Arnold Schwarzenegger and Linda Hamilton, is expected to lead the U.S. box office this weekend, replacing œMaleficent: Mistress of Evil and œJoker. | |
Earnings Outlook: Uber earnings preview: Brace for more quarterly lossesUber Technologies Inc. took a significant detour on the road to profitability three months ago with a jaw-dropping $5.24 billion quarterly loss, deepening its losses to more than $6 billion this fiscal year. | |
Capitol Report: Uber and Lyft on pace to hit records with lobbying spendingUber Technologies Inc. and Lyft Inc. are each on track to set records in their annual spending on Washington lobbying, as the two ride-hailing companies aim to influence policy makers on labor issues and other matters. |
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