Written by Gary
US stock indexes Nasdaq, SP 500 rose to new all-time highs (SPY +0.5%) on optimism the US-China trade deal and the fourth-quarter corporate earnings season.
Here is the current market situation from CNN Money | |
 | North and South American markets are mixed today. The Bovespa is up 1.34% while the S&P 500 gains 0.51%. The IPC is off 0.09%. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
| New Boeing chief executive: planemaker can be ‘much better’Boeing Co’s new chief executive, David Calhoun, assumed the job on Monday as the U.S. planemaker battles to recover from two fatal crashes of 737 MAX planes that killed 346 people in five months and led to the model’s worldwide grounding in March. |
| India’s Supreme Court asks crime fighting agency to seize local assets of JPMorgan: reportIndia’s Supreme Court on Monday directed the government’s crime fighting agency to seize local assets of JPMorgan in relation to some transactions the bank engaged in with a local real estate company in 2010, according to a Press Trust of India report in Business Standard. |
| U.S. makes it harder to sue corporations over franchise wage law violationsThe Trump administration has made it harder for employees of fast-food restaurants or other big franchises to sue corporations when individual franchise owners violate wage laws, a step that was a top priority for business groups. |
| Wall Street nears record high on trade, earnings optimismU.S. stock indexes rose to near all-time high on Monday on optimism about the imminent signing of a preliminary U.S.-China trade deal as well as the start of the fourth-quarter corporate earnings season. |
| Banks lobby Aramco for incentive fee after slim IPO pickings: sourcesGlobal banks who worked on Saudi Aramco’s record initial public offering are pushing for an additional “incentive fee”, three sources familiar with the matter said, as they try to boost relatively low earnings from the deal. |
| Citi’s corporate banking arm aims to pick up steam as market cools downWhen Citigroup Inc combined businesses that cater to big companies in 2018, management wanted dealmakers, traders and traditional corporate bankers to combine forces and propel Citi toward the top of Wall Street market-share rankings. |
| Apple pushes recycling of iPhone with ‘Daisy’ robot(This Jan. 10 corrects temperature conversion in seventh paragraph) |
| Oil falls 1% as Mideast tensions ease, U.S. gasoline stocks weighOil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following a bearish U.S. report last week showing a large gasoline stockbuild. |
| Stocks, dollar gain ahead of U.S.-China trade dealThe dollar edged higher while a gauge of global equity markets rose on Monday, lifted by optimism over the planned signing this week of a U.S.-China trade deal and expectations the start of the U.S. corporate earnings season will not disappoint. |
| “This Should Be Disqualifying For Biden”: More Damning Footage Resurfaces“This Should Be Disqualifying For Biden”: More Damning Footage Resurfaces Yet another video of Democratic primary front runner Joe Biden passionately defending the 2003 Iraq invasion and occupation has resurfaced and is going viral. In it he even sings George W. Bush’s praises at a moment which came a mere few months after the now infamous “Mission Accomplished” stunt aboard the aircraft carrier USS Abraham Lincoln. This comes in a campaign where he’s lied repeatedly about his leading role in pushing the war authorization through the Senate five months before the March 2003 invasion, seeking to distance himself and methodically conceal the facts now that public opinion has long shifted. It also has resurfaced at a moment John Kerry is currently making the rounds on major networks defending Biden against Bernie Sanders’ criticism of Biden’s clear pro-war record. At a crucial moment Biden’s speech, delivered at the Hawkish DC Brookings Institution in July 2003 actually slammed anti-war Democrats and simultaneously upheld Bush and his disastrous war as “bold and popular” and promised further support to the neocon administration.Â
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| 12 Signs That The Economy Is Seriously Slowing Down As 2020 Begins12 Signs That The Economy Is Seriously Slowing Down As 2020 Begins Authored by Michael Snyder via TheMostImportantNews.com, Lost in all of the headlines about Iran and impeachment is the fact that the U.S. economic slowdown which began during the latter stages of last year appears to be accelerating. The final numbers which will tell us if we are officially in a recession at this moment won’t be released until months from now, but for millions upon millions of Americans it definitely feels like one has already started. Yes, the stock market has been soaring, but at this point the stock market has become completely divorced from economic reality. And as you will see later in this article, stock prices are now the most overvalued that they have ever been in all of American history. |
| Queen Elizabeth Agrees To ‘Period Of Transition’ For Harry And MeghanQueen Elizabeth Agrees To ‘Period Of Transition’ For Harry And Meghan Update: Following what has been described as “very constructive discussions,” the Queen has agreed to a “period of transition” for Harry and Meghan. “Although we would have preferred them to remain full-time working Members of the Royal Family, we respect and understand their wish to live a more independent life as a family while remaining a valued part of my family,” wrote the Queen, acknowledging that her grandson and his wife want to live more independent lives, according to the Washington Post.
*** Key players in Britain’s Royal Family are holding emergency crisis talks on Monday to discuss the future of the Duke and Duchess of Sussex after the couple announced last week that they would step down from their roles as senior members of the family. |
| US To Remove China “Currency Manipulator” Designation Ahead Of Treade Deal; Yuan JumpsUS To Remove China “Currency Manipulator” Designation Ahead Of Treade Deal; Yuan Jumps For anyone still seeking definitive confirmation that the Treasury’s “Currency Manipulator” designation is nothing more than a political tool, here it is: moments ago Bloomberg reported that just five months after the Treasury tagged China as a currency manipulator on August 5 – the first such designation in 25 years – when the trade war between the two nations was near its apex, the US would lift said “manipulator” tag hours ahead of the Phase One trade deal which is now set to be announced to much fanfare on Jan 15. According to the report, the Treasury Department will make the move in the latest semi-annual currency report, which is expected to be released ahead of Jan 15 after being delayed as the U.S. and China finalize a œphase one trade pact. As we reported at the time, On August 5 Treasury Secretary Steven Mnuchin formally labeled China a currency-manipulator for the first time since the days of the Clinton administration, a move that further escalated the trade war with Beijing after the country’s central bank allowed the yuan to fall in retaliation to new U.S. tariffs. The designation followed just hours after the Yuan tumbled below the critical level of 7 against the dollar for the first time ever. |
| Amazon and Flipkart’s business practices attract antitrust probeAmazon and Flipkart’s business practices attract antitrust probeCCI said it was ordering a probe over allegations that e-comm giants were promoting some “preferred sellers”. |
| Top court just gave homebuyers a reliefTop court just gave homebuyers a reliefHome buyers can set stringent conditions for individual financial creditors to approach the bankruptcy court. |
| India’s unemployment time bomb is tickingIndia’s unemployment time bomb is tickingIndia will create 1.6 million fewer formal jobs across government and low-paying sectors, an SBI report said. |
| The Ratings Game: Tesla stock tops $500 for the first timeTesla Inc. stock surges, the latest in a string of record highs that have led the shares to outperform the S&P 500 index more than tenfold over the past three months. |
| CES 2020: Quibi is about to see if its $1.4 billion streaming bet will pay offQuibi is making a big push in a fledgling market amid furious competition between some of the world’s biggest media names for streaming customers. Its hope is it will resonate with a younger audience as an alternative in terms of content approach and delivery. |
| Key Words: Ocasio-Cortez sums up inequality in 5 words after Dow breaks through 29,000The New York Democrat tweeted her thoughts on œinequality in a nutshell, in a response to NBC’s coverage of a fresh high for the Dow Jones Industrial Average on Friday. |
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