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 [...]
Things you should know Mkts kissing all-time highs Algo’s gearing up to strike ECB does not disappoint and that puts more pressure on Powell Icahn moves to Miami! OK – the ECB did not disappoint - they announced a 10 bps cut in rates – taking its [...]
Things you should know - Trump delays tariff increases - China exempts some US products from tariffs - The Saudi’s & OPEC talk of more production cuts - and the ECB announces a smaller rate cut but a bigger QE plan. The spike higher yesterday in the mkts is all about trade and the ECB….Rumors [...]
September 11, 2019 – ** On this day - 18 yrs ago - the world changed….3263 lives were lost and families destroyed. For many - the pain can only be dulled - never erased. For those of us who experienced it at the epicenter - the memory of this day will live forever in [...]
Thing you need to know. Mkt awaits the ECB – then the FED Are we in a rate cutting cycle? BoJo – gets put in the corner So if you just look at the indexes – it looks like they were little changed from Friday (except the Russell Small/Mid [...]