financializer news A weblog highlighting financial topics making news in the international media.

senate: O'Rourke also dismissed suggestions from some analysts who say he should quit the presidential race and run for Senate in Texas, saying That would not be good enough for this community, according to MSNBC. We must take the fight directly to the source of this problem, O'Rourke said in reference to President Donald Trump. O'Rourke said that for the rest of his campaign he will visit places that Donald Trump has been terrorizing and demeaning. I want to be the leader for this country that we need right now and that we do not have. Someone who will not inflame but heal, someone who doesn't work with fear, but instead, hope. Someone who will not only not tear us apart, but do everything in their power to bring us together. (news.financializer.com). As reported in the news.

week: His overall job approval rating in those same polls among voters has been just 44%, according to CNN. As I noted earlier this week, Trump's approval on the economy has averaged 53% over CNN's last three polls. (news.financializer.com). As reported in the news.

president trump: CNBC Senior Analyst Ron Insana, Politico's Chief Economic Correspondent Ben White, LA Times White House Reporter Eli Stokols, and former Assistant to President Obama Chris Lu join Stephanie Ruhle to take a look at President Trump's relationship with China and if the administration is doing anything to avoid another , according to MSNBC. CNBC Senior Analyst Ron Insana, Politico's Chief Economic Correspondent Ben White, LA Times White House Reporter Eli Stokols, and former Assistant to President Obama Chris Lu join Stephanie Ruhle to take a look at President Trump's relationship with China and if the administration is doing anything to avoid another Trump lashes out as recession fears Trump lashes out as recession fears and average citizens alike are nervously watching Wall Street after the DOW had its worst day of the year. (news.financializer.com). As reported in the news.

tanker: The Grace 1 oil tanker was seized by marines in a daring landing in darkness off the coast of the British overseas territory on July 4, according to Nine News Australia. Gibraltar said the tanker was suspected of smuggling oil to Syria in breach of European Union sanctions. To improve your experience update it here News WorldUS applies to take Iran tanker report By AAP7 00pm Aug 15, 2019Facebook Tweet Mail The United States has applied to seize the Iranian Grace 1 tanker in Gibraltar commandeered by British Royal Marines in the Mediterranean last month, complicating a possible tanker swap between Britain and the Islamic Republic. As tensions grew with Tehran, Iran's Revolutionary Guards seized the British-flagged Stena Impero in the Gulf on July 19. The US Department of Justice has applied to seize the Iranian supertanker Grace 1 in Gibraltar, just hours before the Gibraltar Government was poised to release it, said the Gibraltar Chronicle newspaper, which was first to report the news. Gibraltar was due to release the Grace 1 vessel but just hours before, the US Department of Justice sought to seize it. (news.financializer.com). As reported in the news.

target: In a statement to 9News, Target confirmed it was accelerating our transformation and evolving our product offer . We are focusing more on the core categories that customers know and love Target for such as apparel, soft homewares and toys, a spokesperson said, according to Nine News Australia. Sadly this means that today some roles within head office needed to be restructured to meet this challenge. To improve your experience update it here News National Target to axe 80 head office jobs as part of 'transformation'By Nick Pearson5 07pm Aug 15, will cut 80 jobs from its head office as part of a major restructure of the retail giant. These decisions have not been made lightly. AAP The 80 staffers losing their jobs could be redeployed elsewhere in Target or within Wesfarmers, the parent company. Target will cut 80 jobs from its head office. (news.financializer.com). As reported in the news.

analysis extras: Grant Shapps is MP for Welwyn Hatfield, according to The Independent. From January next year, the price of an annual season ticket from Welwyn Garden City to London will rise from 3,016 to 3,100. Commuters from the new transport secretary's constituency will pay an extra 84 a year to get to work in London from the start of 2020. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. You can form your own view. (news.financializer.com). As reported in the news.

assets investment: Statistics released by the National Bureau of Statistics Wednesday showed that the growth of the domestic economy slowed down in sectors including manufacturing and consumption in July, but robust exports and steady fixed assets investment were reported for last month, according to Global Times China. China's economy continued to perform within a reasonable range, bureau spokesperson Liu Aihua said at a news conference on Wednesday. Photo Xinhua Chinese officials and experts expressed confidence in China's growth potential as the country's economy showed a stable trend in July amid the ongoing China-US trade war. The situation was similar in the consumption sector. Liu attributed the decline to falling automobile sales. In July, retail sales of consumer goods grew 7.6 percent on a yearly basis, down from 9.8 percent in June. (news.financializer.com). As reported in the news.

dow jones: The darkening economic clouds come at a difficult time for President Trump Donald John Trump Gibraltar releases Iranian tanker despite US move to block it Warren leads Democratic field by 5 points in Wisconsin poll Stephen Colbert on Trump 'He's trying to invite us into this madness' MORE, posing a direct threat to his plans to ride a wave of robust U.S. job market and consumer spending to a second term, according to The Independent. The president was quick to blame the Federal Reserve for Wednesday's stock plunge, heaping scorn on his frequent economic scapegoat as central banks around the world cut their rates. U.S stocks suffered their worst day of losses this year sending the Dow Jones Industrial Average down 800 points after turmoil in the U.S. bond market and dour economic data from Germany and China raised the odds of a worldwide The market plunge reflects growing worries that the economy could also be headed for a contraction next year, ending more than a decade of consistent growth since the 2008 global financial crisis. We are winning, big time, against China, Trump tweeted shortly before the stock market closed Wednesday. We should easily be reaping big Rewards & Gains, but the Fed is holding us back. Our problem is with the Fed, Trump continued. (news.financializer.com). As reported in the news.

bank stocks: Berkshire Hathaway BRK.B, 1.28% said in filings with the Securities and Exchange Commission on Wednesday that it owned 537,300 Amazon AMZN, 0.75% shares at the end of June, up from 483,300 shares, according to Market Watch. Buffett first revealed Berkshire Hathaway's stake in Amazon in May, although he said one of the company's two other investment managers made the pick. Billionaire Warren Buffett's company has been adding more Amazon shares to its investment cart. Read Warren Buffett is a big fan of bank stocks to the tune of 100 billion Investors follow what Berkshire buys and sells closely because of Buffett's successful track record. The quarterly filings don't make clear who made all the investments. Berkshire officials don't generally comment on these quarterly filings. (news.financializer.com). As reported in the news.

basis points: That expectation, nurtured in recent weeks by worsening U.S.-China trade relations and signs global growth is slowing, was bolstered Wednesday by weak Chinese and German economic data, according to The Japan Times. The so-called inversion drew U.S. President Donald Trump's ire, who tweeted Wednesday that Federal Reserve Chairman Jerome Powell is clueless. ; Bad European and Chinese data were the trigger for the global bond rally, said Praveen Korapaty, chief global rates strategist at Goldman Sachs Group Inc. The 10-year Treasury yield dipped as much as 1.9 basis points below the two-year yield in what's considered a harbinger of a U.S. economic recession beginning in the next 18 months. From the pace of the move, I suspect some long-held steepeners are being unwound as well. The global bid for bonds also inverted the two-year to 10-year U.K. yield curve Wednesday. Another widely watched recession indicator, the yield difference between three-month and 10-year Treasuries, inverted in March and has been negative much of the time since, bedeviling investors who anticipated that the yield curve would steepen as the Federal Reserve began to cut interest rates. (news.financializer.com). As reported in the news.

bottom line: Asness found that when he averaged the two measures, both used to gauge the valuations of the long-term bond, this composite gauge indicated the 10-year yield was at its most expensive level since some months in the late 1970s, according to Market Watch. The bottom line is, as measured by real bond yield, U.S. Treasury bonds are really frickin' expensive, said Asness. In a blogpost on Tuesday, the co-founder of quantitative fund manager AQR Capital Management, assessed the attractiveness of the U.S. 10-year Treasury note by looking at its inflation-adjusted yield and the yield curve's slope as measured by the yield difference between the 3-month bill and the 10-year note. But, measured by the average of these two simple variables, they are 60 years just about record-low frickin' expensive, AQR Capital Management Caption outside of wrapper for normal article images See Bonds meet these four criteria for being in a bubble The 10-year Treasury note yield TMUBMUSD10Y, 1.92% traded at 1.605% on Wednesday, around its lowest levels since September 2016. But Asness doesn't see the current level of bonds yields as an excuse to time the market and short Treasurys, but rather to illustrate the simply eye-watering prices U.S. government debt is now fetching. The benchmark bond yield has given up around a single percentage point since the start of the year. (news.financializer.com). As reported in the news.

half value: When it happened last, many investors lost about half the value of their portfolio, according to Market Watch. It was a common joke that 401 k s had become 201 k s. Something has happened now that should be understood in the right light. Let's explore the issue with the help of two charts. Please click here for an annotated chart of S&P 500 ETF SPY, 0.26%. Even though many investors focus on the Dow Jones Industrial Average DJIA, 0.39%, it is better to use the S&P 500 or Nasdaq 100 ETF QQQ, -0.11%. For the sake of transparency, this is the same chart that was previously published without any changes. Two charts Please click here for a chart showing the yield curve. (news.financializer.com). As reported in the news.

apple: The stock increased 4.23% or 8.49 during the last trading session, reaching 208.97, according to MSNBC. About 47.54 million shares traded or 79.30% up from the average. Palisades Hudson Asset Management Lp who had been investing in Apple Inc for a number of months, seems to be less bullish one the 944.37B market cap company. Apple Inc. It has outperformed by 12.18% the S&P500. AAPL has risen 12.18% since August 14, 2018 and is uptrending. (news.financializer.com). As reported in the news.

dow jones: The move triggered a rally on Wall Street, sending the Dow Jones up 372 points, or 1.4%, by the close, according to The Guardian. Shares of Apple, Mattel and shoe brand Steve Madden shot up. Trump officials announce delays on China tariffs live Read more We're doing this for the Christmas season, Trump told reporters as he left New Jersey for an event in Pittsburgh. Asian stocks followed suit on Wednesday with the Shanghai Composite index rising 0.6%. Hong Kong's Hang Seng, which has been hurt by disruptions from large anti-government protests, rose 0.5%. while the Kospi advanced 0.8% in Seoul and the Nikkei was up 0.6% in Tokyo. The Office of the US Trade Representative USTR said it would delay tariffs on such goods until 15 December, 10 days before Christmas. Grateful shoppers, however, should not leave purchases of Chinese-made cellphones, laptops, video game consoles, some toys, computer monitors, shoes and clothing until the last minute. (news.financializer.com). As reported in the news.

case: In this case, astronomers were using the European Southern Observatory's Very Large Telescope in Chile and the W. M. Keck Observatory in Hawaii to observe the supermassive black hole at the centre of our galaxy, according to Nine News Australia. It's 26,000 light-years from Earth, but it's the closest black hole we can see, even if it's largely obscured by dust. To improve your experience update it here News World Astronomers spot 'unprecedented' bright flashes in our galaxy's black hole By CNN11 42am Aug 14, never know exactly what to expect when they point a telescope in a specific direction - and sometimes what they see is completely unexpected. They observed it over four nights in April and May. CNN Supplied This black hole, known as Sgr A has shown variability before. An artist impression of a star making its closest approach to the super-massive black hole at the centre of the Milky Way in 2018. (news.financializer.com). As reported in the news.

kiwi casino: The Kiwi casino and entertainment company said the high stakes gamblers who bet 14.1 billion at Sky City casinos had a good year, resulting in a house win rate of just one per cent and costing Sky City NZ27.8 million 26.4m in profit over the year, according to Nine News Australia. Baccarat has a theoretical win rate, or house advantage, of 1.35 per cent - meaning that for every 100 bet, the casino retains 1.35. To improve your experience update it here News World'Lucky' baccarat gamblers dent casino giant's profits by millions By AAP1 06pm Aug 14, says it made NZ144.6 million 137m in profit in 12 months to June 30, down 14.7 per cent from a year ago, following the sale of its Darwin property and as international gamblers got lucky on baccarat. In the nine years before last Sky City's win rate has averaged 1.33 per cent, and was 1.32 per cent in fiscal 2018, but it has been below one per cent before. Getty Bet size and frequency of play can vary and cause win rate to deviate from the theoretical over discrete periods, the company said. Baccarat players have dented Sky City's gambling profits. (news.financializer.com). As reported in the news.

rate: With little room to cut rates further, some major central banks have resorted to unconventional policy measures, including a negative rate policy, according to The Japan Times. The euro area, Switzerland, Denmark, Sweden and Japan have allowed rates to fall slightly below zero. A decade later, interest rates remain low in most countries due to subdued economic growth. How does it work Under a negative rate policy, financial institutions are required to pay interest for parking excess reserves with the central bank. The European Central Bank introduced negative rates in June 2014, lowering its deposit rate to minus 0.1 percent to stimulate the economy. That way, central banks penalise financial institutions for holding on to cash in hope of prompting them to boost lending. (news.financializer.com). As reported in the news.

hong kong: Photo AFP Hong Kong airport was seriously disrupted again on Tuesday by illegal assemblies as all check-in services for departing flights were suspended after 4 30 pm as announced by airport authorities, according to Global Times China. Other departure and arrival flights for the rest of the day will continue to operate, Hong Kong International Airport said in a notice sent to the Global Times on Tuesday. Protesters blocked passengers at departure halls of the airport, a day after a sit-in forced authorities to cancel all flights at the major international hub. One day of paralysis costs the airport roughly 206,000 passenger counts and air cargo worth 10.1 billion yuan 1.4 billion according to media reports. Asked why the airport permitted the illegal assembly to paralyze the operations of the airport for two consecutive days, a spokesperson for Airport Authority Hong Kong refused to comment. The airport - one of the world's busiest transit hubs - contributes to 5 percent of Hong Kong's GDP, Hong Kong Transport Secretary Frank Chan said in May. (news.financializer.com). As reported in the news.

pbc statement: The People's Bank of China PBC the country's central bank, announced the issuance of 20 billion yuan of three-month bills priced at 2.9 percent and 10 billion yuan of one-year bills sold at 2.95 percent, according to its statement, according to Global Times China. The auction was welcomed by the market, generating subscriptions of more than 78 billion yuan, or a 2.6 times oversubscription, the PBC statement said. The move that offshore investors were chasing yuan-denominated debt despite the lingering chaos in the city attests to market optimism about the Chinese currency, analysts said, noting that the move also illustrates the central government's continued confidence in Hong Kong's role as a global financial hub. Among those bidding for the bills were a variety of offshore investors including commercial banks, funds, central banks and international financial organizations. The increasing popularity of yuan-denominated debt among international institutions will also help stabilize the currency's exchange rate, Tan said. I believe that the PBC holds its yuan bill auctions in Hong Kong because it is an internationally recognized financial hub, which can attract more offshore investors from international backgrounds, Tan Yaling, head of the China Forex Investment Research Institute, told the Global Times on Wednesday. (news.financializer.com). As reported in the news.

percent tariff: On Tuesday it tumbled 229.38 points. ; The Topix finished up 12.93 points, or 0.87 percent, at 1,499.50, after dropping 17.27 points the previous day, according to The Japan Times. The Tokyo market got off to a robust start, with investors taking heart from the Dow's surge and the dollar's steep rise against the yen following the U.S. government's announcement that it will put off imposing a 10 percent tariff on some Chinese consumer products including smartphones and laptop computers from Sept. 1 to Dec. 15, brokers said. The Nikkei advanced 199.69 points, or 0.98 percent, to end at 20,655.13. After the initial spurt, stocks lost steam as profit-taking pressure grew. Investors refrained from continuing active purchases out of concern that the tensions between the economic superpowers will heighten again, an official at a major brokerage house said. But rises in the Shanghai and Hong Kong markets helped keep the Nikkei and Topix afloat throughout the afternoon session. (news.financializer.com). As reported in the news.

type banner: The White House is finishing its review of the EPA plan, which was described by people familiar with the matter who asked not to be named ahead of a formal announcement that is expected within weeks, according to The Independent. The proposal threatens to undermine the oil industry's sales pitch that natural gas is a climate-friendly source of electricity a cleaner-burning alternative to coal that can help power an energy-hungry world for decades to come. The Trump administration is readying a plan to end direct federal regulation of methane leaks from oil and gas facilities, even as some energy companies insist they don't want the relief. avp.push tagid 'avp zid 323', alias '/', type 'banner', zid 323, pid 1, iframe true, width 300, height 250, refresh 90, refresh limit 60, inview true ; A draft proposal from the Environmental Protection Agency would prevent the federal government from directly targeting that potent greenhouse gas as it restricts emissions from oil wells and infrastructure, despite fears that time is running out to avert catastrophic consequences of climate change. Dozens of oil companies have made voluntary pledges to keep methane in check, and some have warned the Trump administration that federal regulation specifically targeting it is essential for natural gas to maintain that reputation. More than 60 oil and gas companies have made voluntary commitments to pare emissions of methane, the chief ingredient of natural gas, though some of them insist federal regulation still is essential for the highly fragmented industry. Stakeholder confidence in natural gas is hanging by the thread, and the EPA is pulling out the scissors with this methane rollback, said Ben Ratner, a senior director with the Environmental Defense Fund's energy innovation arm. (news.financializer.com). As reported in the news.

bn: We Co, WeWork's parent company, more than quadrupled its revenue from 2016 to 2018 to 1.82bn, according to The Guardian. At the same time the company lost close to 700m in the first half of 2019, 1.6bn in 2018, almost 900m in 2017, more than 400m in 2016, the filing shows. The nine-year-old company now runs offices in 111 cities worldwide with 527,000 members paying fees for access to a shared workspace in 29 countries across the world. In the prospectus We Co warns We have a history of losses and, especially if we continue to grow at an accelerated rate, we may be unable to achieve profitability at a company level for the foreseeable future. This year has been the biggest for US IPOs since 2014, with fellow unicorns private companies valued at over 1bn Uber and Lyft making their much-awaited market debut. The share sale will be the latest test of investors' appetite for fast growing companies that are making huge losses. (news.financializer.com). As reported in the news.

trump: But if that were Trump's only concern, he never would have pursued his haphazard trade policy in the first place, John Harwood will have a harder time turning things around as the China trade war drags bernstein joe biden barack obama donald trump laura ingraham george w bush congress politics washington dc white bernstein joe biden barack obama donald trump laura ingraham george w bush congress politics washington dc white has hard time turning things around as China trade war drags china trump trade Harwood us us Article title Trump will have a harder time turning things around as the China trade war drags Harwood tag Name John Biden tag Name Joe Obama tag Name Barack Trump tag Name Donald W. Bush tag Name George W. House tag Name White Biden tag Name Joe Obama tag Name Barack Trump tag Name Donald W. W. Bush tag Name George W. w w House tag Name White US Source tag Name CNBC US us us mpscall china trump trade Harwood will have a harder time turning things around as the China trade war drags on headline Trump will have a harder time turning things around as the China trade war drags Banner Box Rail Box Inline Logo Mid Responsive Countdown Clock Sponsor Logo Native Ultra Dense Native Three Up Native Ticker Box US Bernstein Joe Biden Barack Obama Donald Trump Laura Ingraham George W. Bush Congress Politics Washington DC White US Economy White House Congress News Republicans ;mpscall.path mpscall.path window.location.pathname window.location.search ' ' window.location.search '' ; var mpsopts mpsopts ;var mps mps ;mps. ext mps. ext ;mps. timer Date.now adunit! string return false;var , according to MSNBC. But if that were Trump's only concern, he never would have pursued his haphazard trade policy in the first place, John Harwood will have a harder time turning things around as the China trade war drags Bernstein Joe Biden Barack Obama Donald Trump Laura Ingraham George W. DC White House US Economy US US Stock market is 'way up today' for several Donald Trump speaks to reporters after the stock market rallied on news the U.S. would delay tariffs on us economy white house congress us news republicans us economy white house congress us news republicans president wants to face voters in an economic downturn. (news.financializer.com). As reported in the news.

operation cobra: He had suffered the devastation of seeing his childhood friend die by a direct-hit air bomb, according to The Guardian. At one point, the California native even helped bring down a Nazi plane. He had been in the US army's 554th anti-aircraft artillery battalion, surviving the allied breakthrough of Operation Cobra and the Battle of the Bulge. But none of that mattered in some parts. They felt betrayed. Frank's sister Isabel, who is also my grandmother, still remembers the dissonance when that autumn they walked past a diner display declaring No Dogs or Mexicans Allowed. (news.financializer.com). As reported in the news.

police: It's been five years since Michael Brown robbed a convenience store, was high on drugs, and tried to take a gun from a police officer, according to MSNBC. In the process, he was shot and killed, and that is what started the Black Lives Matter movement. President Trump takes a much-needed step to clean up the legal immigration process, and the public education system is even more leftwing than you think. Multiple investigations showed that the police officer acted in self defense, yet both Elizabeth Warren and Kamala Harris tweeted that Brown was murdered. Related Story Elizabeth Warren's new reckless' knock on cops angers police chiefs President Trump updated a rule which allows the legal immigration system to focus on future immigrants who are more likely to be self sufficient and not a drain on public assistance. Their efforts to inflame people based on race is just pathetic!Of course, Warren's comments brought outrage from Massachusetts police chiefs, who said her use of the word murder was a slap in the face. (news.financializer.com). As reported in the news.

zealand: Germany, which relies heavily on exports to China and the US, reported a slight contraction in the second quarter, opening up the possibility that it might tip into full-blown recession, according to CNN. That news came after three central banks last week -- in India, New Zealand and Thailand -- all aggressively cut rates more than expected over trade fears and growing economic uncertainty. Both China and Germany -- the world's second- and fourth-largest economies -- delivered disappointing economic data overnight. The US has continued to see positive economic growth and a hot job market, thanks in part to Trump's 2017 tax cuts, but that's been largely driven by consumer demand that could be dashed by a slowdown abroad. Read More The economy was clearly slowing ahead of the tariffs, said Lindsey Piegza, chief economist at the investment bank Stifel. Analysts say Trump's decision to delay some tariffs may have been too little too late -- and that he risks losing his most powerful argument for reelection the economy. (news.financializer.com). As reported in the news.