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General Electric freezing pension plan for 20000 US employees – msnNOW

© 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 [...]

By |2019-10-08T11:04:32-04:00October 7th, 2019|Morning Thoughts by Kenny Polcari|

Mkts on Edge as They Await the ISM Report, Trump to Impose New Tariffs on the EZ – Try the Penne Rigate

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 [...]

By |2019-10-03T11:06:22-04:00October 3rd, 2019|Morning Thoughts by Kenny Polcari|

Fears of a Global Slowdown Cause Mkts to Shudder; Trump Chimes In – Try the Greek Style Filet of Sole

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 [...]

By |2019-10-02T11:04:52-04:00October 2nd, 2019|Morning Thoughts by Kenny Polcari|

Mkts March in Time, BoJo Gets Reprimanded & the Saudi’s Expect to Back Online – Try the Shrimp

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 [...]

By |2019-09-25T11:06:03-04:00September 24th, 2019|Morning Thoughts by Kenny Polcari|

EU & German Macro Data Disappoint – Let’s Take Rates Even Lower!  Jimmy Vies for FED Chair – Try the Classic Bolognese

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 [...]

By |2019-09-25T11:06:03-04:00September 24th, 2019|Morning Thoughts by Kenny Polcari|

Mkts Kiss All Time Highs?  What Angst? Recession?  Don’t be Foolish!  Icahn Moves to Miami — Try the Ropa Vieja

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 [...]

By |2019-09-13T11:02:05-04:00September 13th, 2019|Morning Thoughts by Kenny Polcari|

Trump Delays Tariffs Increases, China Exempts Some US Products and the ECB Launches Huge QE – Try the Baloney Sandwich

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 [...]

By |2019-09-13T11:02:05-04:00September 12th, 2019|Morning Thoughts by Kenny Polcari|
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