The US commerce department late Monday added some 28 Chinese companies to an ‘export Blacklist’ because of human rights abuses in Xinjiang – meaning that US suppliers will be barred from providing technology that originates in the US to the Chinese firms identified, which only lit the fuse yesterday causing the algos to hit the [...]
Things you need to know. Before we get started today, I wanted to share with all of you some exciting news. I’m teaming up with the folks over at Seven Figure Publishing. Seven Figure publishes a wealth of information and independent research on the markets. They are dedicated to giving their readers the tools needed [...]
Things you need to know. - China not rolling over to play dead - A second whistleblower emerges with hints of more to come - Earnings season getting ready to kick off Good morning to our friends in North & South America, Good afternoon to our friends in Europe and Good evening to our friends [...]
General Motors Co. and the United Auto Workers remain divided over several issues as 46,000 strikers continue to head to picket lines for the fourth week — and Gov. Gretchen Whitmer is growing concerned. The Michigan economy is getting increasingly impacted as the strike lengthens into its fourth week, hitting striking workers, laid-off employees at other [...]
© Stan Honda / AFP/Getty Images A sign outside the corporate headquarterGeneral Electric is freezing the pensions of 20,000 U.S. salaried workers to reduce billions in future pension obligations and trim debt. About 700 employees in its supplemental pension program, geared toward executives, will also have their pension benefits frozen. The company said the change [...]
Things you need to know. - “I feel the earth move under my feet; I feel the sky falling down…. I feel my heart start to trembling…..” Carole King – I Feel the Earth Move – April 1971 (https://www.youtube.com/watch?v=42YeDHaUOvA) - Watch the eco data this morning at 9:45 and 10. - Trump threatens to impose [...]
Things you need to know. - Global mkts under pressure as the slowdown chatter builds - US futs getting clocked again – about to test intermediate support at 2924 - Schwab and TD cut commission to ZERO – but it ain’t FREE Stock finished deep in the RED, headlines scream: “World Economy Sends [...]
Things you need to know - Mkts churned - Nothing dramatic driving the action - UK’s BoJo - dealt a blow over BREXIT - Saudi Oil production back on line. So stocks meandered all day…..teasing below the flat line all morning only to move higher and trade in positive territory all afternoon before giving [...]
September 23, 2019 What You Need to Know Today Mkts continue to be concerned over trade and interest rates European macro data is weak but German macro data is weaker US to get both Manf and Services PMI’s So stocks ended lower on Friday – seemingly exhausted by all of the ongoing news….If it isn’t [...]