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

chris matthews: The Hollywood elite continued to look down their noses at Trump supporters, according to MSNBC. Actor Sean Penn claimed they voted against their own interests. At the same time, they were shocked by the horror show coming out of Trump's mouth as MSNBCers like Chris Matthews and Donny Deutsch compared the President to tyrants like Idi Amin and blamed him for the El Paso shooting. HBO host Bill Maher rooted for their economic ruin I've been hoping for a recession....it would get rid of Trump. The following is a round-up of the most obnoxious outbursts from liberal journalists and celebrities over the past month. Maher added that he didn't care about the lost jobs and homes as he callously claimed It would be worth it. (news.financializer.com). As reported in the news.

iran-aligned: The Iran-aligned Houthi movement that controls Yemen's capital claimed responsibility for the attack, which damaged the world's biggest crude oil processing plant, according to Nine News Australia. Iran denied blame and said it was ready for full-fledged war . Two sources briefed on the operations of state oil company Saudi Aramco told Reuters it may take months for Saudi oil production to return to normal. To improve your experience update it here News World Saudi attack prompts oil price surge By AAP7 42pm Sep 16, 2019Facebook Tweet Mail An attack on Saudi Arabia that shut 5 per cent of global crude output caused the biggest surge in oil prices since 1991, after US officials blamed Iran and President Donald Trump said Washington was locked and loaded to retaliate. Earlier estimates had suggested it could take weeks. The intraday jump was the biggest since the 1991 Iraqi invasion of Kuwait that prompted the Gulf War. Oil prices surged by as much as 19 per cent before coming off peaks. (news.financializer.com). As reported in the news.

paper mill: The prime minister and US President Donald Trump will visit the new billion-dollar paper mill built by Australia's richest man, Anthony Pratt, in Ohio on Sunday, according to Nine News Australia. The White House says the Wapakoneta factory tour will underscore the strong trade and investment relationship the US and Australia have. To improve your experience update it here News National Trump and Morrison to talk trade, security By AAP10 32am Sep 16, and investment with a side of space exploration will dominate Scott Morrison's visit to the United States this week. Investment between the two nations is worth 1.2 trillion a year. The formal reception is the greatest compliment the US can pay to another country, Australia's ambassador Joe Hockey says. Ahead of the factory visit, the leaders will dine together at the White House on Friday, with Mr Morrison only the second world leader Mr Trump has offered a full state dinner since he took office in January 2017. (news.financializer.com). As reported in the news.

oil prices: It sounds scary for oil and stock investors, but for the time being, the chart tells a different story, according to Market Watch. All investors, not just oil investors, ought to pay attention to this chart. As a result, oil prices have jumped. Chart Please click here for an annotated chart of oil futures CLV19, -0.44%. Note the following From the chart, note the down-sloping trendline. Oil has, as of this writing Sept. 16 broken above the trendline. Oil gapped open. (news.financializer.com). As reported in the news.

police protection: Netizens were outraged and many called for Wong to be fired, according to Global Times China. Some even said that they have already sent emails to leaders of the bank. According to the post, which was put up by a netizen, Wong is an associate director in a group under the investment banking sector of HSBC. In some screenshots of Wong's online posts, he said that people who are pro-police and their families may need police protection when they go out. Other netizens said Hong Kong secessionists should not be allowed to enter the Chinese Mainland, and Chinese firms that cooperate with people like Wong should be aware of who they are working with. The spokesperson did not mention whether Wong was an employee of HSBC or not. We will investigate and take appropriate action on employees alleged to have broken the law, or violated our policies, an HSBC spokesperson said in an email sent to the Global Times on Monday. (news.financializer.com). As reported in the news.

prices: A call is a type of option that gives the holder the right but not the obligation to own a stock at the current price, according to Market Watch. Uber shares UBER, -0.41% gained 3.6% Monday, while Lyft's stock LYFT, 0.56% increased 3.7%. Both stocks have struggled to live up to the prices commanded in their initial public offerings, closing higher than their respective IPO prices twice apiece in their months on the market. Uber investors in particular are getting an intriguing deal in that the company's Uber Eats business, Kahn wrote, saying it is essentially a free call option given the current stock price. After those struggles, Kahn now sees regulatory risks reflected in the stock prices and predicts that the companies will begin focusing on more profitable growth going forward. Opinion Lyft and Uber are giving investors what they want, which is bad for the rest of us She argues that the ride-haling segments can generate profits if Uber and Lyft cut sales and marketing expenses while leveraging their fixed-cost bases, as both companies appear to be attempting to do. She projects that the ride-sharing aspect of these businesses has the potential to be profitable at scale, as do Uber's food-delivery efforts. (news.financializer.com). As reported in the news.

russia participation: Modi held talks with Russian President Vladimir Putin on September 4, during which they discussed the potential to develop cooperation in fields such as oil and gas, mining, nuclear energy, defense and security, trade and investment, according to Global Times China. The two sides signed 25 deals, covering fields like defense, air and maritime connectivity, energy, natural gas, petroleum and trade. Kremlin Photo Indian Prime Minister Narendra Modi's visit to Russia and participation in the 5th Eastern Economic Forum EEF in the far-eastern Russian city of Vladivostok earlier this month underscore efforts to develop symbiotic relations between the nations. The two leaders also attended the 20th India-Russia Annual Summit. Both countries also joined hands in developing the Brah Mos missile. Close cooperation between Moscow and New Delhi in military and military-technical areas is a pillar of bilateral Special and Privileged Strategic Partnership. (news.financializer.com). As reported in the news.

tech names: We're already seeing red ink spilled all over the premarket, but Meeks's forecast focuses on the lingering uncertainty of the trade war, according to Market Watch. My typical tech company is deeply embedded in a supply chain between the two nations, he told CNBC. We've also started to see a decline in the economic growth rate particularly abroad, less drastic here in the states. A near-term correction is inevitable, warns Paul Meeks, portfolio manager at Independent Solutions Wealth Management, in our call of the day. But a lot of people don't realize that tech products and services, whether that be sold to the enterprise or sold to the consumer, you know typically are cyclical. I always have my eye on my favorite tech names, and I look for opportunities to buy them on dips, he explained. Hence, Meeks is calling for a near-term drop on the tech-heavy Nasdaq Composite COMP, 0.40% of 10%, which he says should give investors a chance to sniff out some deals. (news.financializer.com). As reported in the news.

percentage gain: Brent crude futures settled at US69.02 a barrel, rising US8.80, or 14.6 per cent - its largest one-day percentage gain since at least 1988, according to Nine News Australia. President Donald Trump told reporters it's looking like Iran was behind the attack on oil facilities in Saudi Arabia but suggested it was too early to say for sure. To improve your experience update it here News World Oil price jumps as Trump hypes strike power of US war machine By 9News Staff8 03am Sep 17, 2019Facebook Tweet Mail Oil ended nearly 15 per cent higher overnight, with Brent logging its biggest jump in more than 30 years, after an attack on Saudi Arabian crude facilities cut the kingdom's production in half and intensified concerns of retaliation in the Middle East. Petrol prices across Australia are expected to rise after the attack on oil facilities in Saudi Arabia. Well, it's looking that way, Trump said in the Oval Office when asked if Iran was responsible. David Porter He also said he was not looking to get into new conflict, but sometimes you have to. (news.financializer.com). As reported in the news.

scott morrison: Fiji PM accuses Scott Morrison of insulting' and alienating Pacific leaders Read more In a speech at the Australian War College in Canberra, Bainimarama said Fiji was seeking common ground with Australia, praising the two countries' shared values and thanking Australia for its support in the aftermath of cyclone Winston, according to The Guardian. But Bainimarama said that nations as with families only thrive when those living under the same roof are considerate of each other acting in the collective interest of the household and not just their own . A degree of frankness that might sometimes offend is essential to preserving any relationship, he said. On the final official day of his visit to Australia, Bainimarama nominated the varied level of ambition when it comes to confronting the threat of climate change as a key difference between the two countries and called for everyone to unite behind the science of limiting global heating to 1.5C. Bainimarama's visit follows his heavy criticism of Scott Morrison at the Pacific Islands Forum, where he said the Australian prime minister had insulted and alienated Pacific leaders over his failure to back stronger emissions targets. I understand that politics is the art of the possible. But I also hope that we can eventually find more common ground in our vuvale partnership on the climate issue. I understand the depth of feeling in coal-producing communities in Australia and the wider economic imperatives at state and federal level. (news.financializer.com). As reported in the news.

town: They might be failing assets in town centres where shop vacancies are high, according to The Guardian. Councils are going in to revitalise those sites, bringing in residential above or repurposing vacant units with something other than retail. Local authorities have spent a record 775m buying shopping centres over the past three years, and are expected to outlay a further 230m next year according to research from retail property body Revo and property advisory firm Lambert Smith Hampton LSH . Steve Norris, head of planning, development and regeneration at LSH, said investment had surged since 2016 and the current levels could be just the tip of the iceberg . A lot of shopping centres are being bought for regeneration, he said. One in five shopping centres that have changed hands since 2016 have been acquired by local authorities that have ramped up investment as private sector spending has dived by 1.85bn. But low-cost funding available from the public works loan board has allowed councils to bid higher sums for property and enjoy better returns on investment than private funds. Financial investors have fled as more than 16 shops a day close their doors, squeezed out by the rise of online shopping and increased costs from business rates, wages and the fall in the value of the pound. (news.financializer.com). As reported in the news.

trial aspects: The investment will be used to trial aspects of AI including voice analysis and age estimation to see whether they would help track down child abusers, according to The Guardian. Earlier this month, the chancellor, Sajid Javid, announced 30m would be set aside to tackle online child sexual exploitation, with the Home Office releasing more information on how this would be spent on Tuesday. The government has pledged to spend more money on the child abuse image database, which since 2014 has allowed police and other law enforcement agencies to search seized computers and other devices for indecent images of children quickly, against a record of 14m images, to help identify victims. Johnson's cynical tough on crime' talk shows the depth of his incivility Simon Jenkins Read more There has been debate over the use of machine learning algorithms, part of the broad field of AI, with the government's Centre for Data Ethics and Innovation developing a code of practice for the trialling of the predictive analytical technology in policing. His hardline approach will increase police officer numbers, put up the use of stop and search and incarcerate more offenders, handing down longer sentences. Boris Johnson, the prime minister, has made a crackdown on crime the central plank of his domestic agenda. (news.financializer.com). As reported in the news.

words: We have a minimum length of 400 words, according to MSNBC. We have found the ideal length is approximately 600 to 800 words. All commentaries must include the author u2019s first and last name, town of residence and a brief biography, including affiliations with political parties, lobbying or special interest groups. We provide some copyediting support, but we do not have the staff to fact-check commentaries. Commentaries are voices from the community and do not represent VTDigger in any way. We reserve the right to reject opinions for matters of taste and accuracy. (news.financializer.com). As reported in the news.

analyst team: And right now, that picture is reminding one analyst team of the period right after the surprise presidential election of 2016, according to Market Watch. For much of this year, investors were trading as though the end of the business cycle was close at hand. It may sound a little like what you do to your car tires, but the Great Rotation in stocks actually tells us a lot more about what investors are thinking about markets, the economy, and more. Throughout this year, so-called momentum stocks were on fire. Ned Davis Research analysts suggest that's due in part to markets reflating. Now, investors are dumping those stocks in favor of value stocks. (news.financializer.com). As reported in the news.

charts .-: Image Adobe Images- Brexit-related rally drives GBP head-on into resistance on charts.- As U.S. retail sales and CPI weigh, threaten the case for Fed rate cuts.- But USD challenged by reports of U.S.-China deal to end the trade war.- End of trade fight a boon for U.S. and global growth, bane for the USD. The Pound-to-Dollar rate rallied Friday amid speculation that a shift in the UK government's stance on Brexit is afoot, with the move taking Sterling close to 'resistance' in the form of a 'pivot point' on the charts that risks proving insurmountable for the British currency, according to Xinhua China. Sterling was higher against all major currencies Friday as investors speculated the UK government might be softening its 'red lines' on Brexit in order to improve its prospects of securing an amicable exit from the EU ahead of an October 31 deadline. Reproduction of any content for commercial purposes is subject to our usage terms and conditions, please email the editor at his address directly for clarification. Reports of a planned meeting between Prime Minister Boris Johnson and European Commission chief Jean-Claude Juncker could keep the positive mood alive until Monday, but there's reason for doubting that it'll last much longer than that. Between these levels and the mid-July high at 1.2580 the cross may struggle short-term, says Axel Rudolph, a technical analyst at Commerzbank. GBP/USD's advance from its current September low at 1.1958 continues to have the May and June lows at 1.2506/59 in its sights. (news.financializer.com). As reported in the news.

christian: He is the younger brother of talk radio host Rush warm, loving, Christian comments! Remember, judgement is reserved and none of us are on the guy is pretty clever, according to MSNBC. He is a politician which means he cares nothing about the truth, only what benefits him so he will say whatever moves the needle his way. He has also worked as a professor and as a lawyer. Remember, according to recent polls about 90% of the population claim to be Christian but only about 27% attend church regularly so the vast majority of the people who hear him are ignorant and vulnerable to him and his message. He and all the other marginal candidates are franticly looking for their niche, it appears he is trying to claim the moral high ground. He desperately needs to expand his base. (news.financializer.com). As reported in the news.

holdings plc: Aston Martin Lagonda Global Holdings Plc is looking at issuing an unsecured junk bond that's rated triple C well below investment grade Bloomberg News reported on Friday, according to The Independent. That would add to the company's already high leverage. The hope must be that this is just one part of a more radical attempt to strengthen its finances and not the last resort. Net debt was five times its trailing 12-month Ebitda on June 30, by Aston's own assessment. Aston has more than 800 million pounds 1 billion of gross debt due in 2022. That multiple jumps even higher using more conservative measures of its profit. (news.financializer.com). As reported in the news.

climate change: As of 10 p.m, according to The Japan Times. Sunday, some 110,000 households were still without power. A focus is on whether lessons learned from the typhoon can be used in the future at a time when the severity of natural disasters has intensified amid global climate change. ; As many as 930,000 households were hit by blackouts due to Faxai, the 15th named storm of the year. Tokyo Electric Power Company Holdings Inc. expected power supply to return to the city of Chiba mostly by Monday, but said Sunday that about 10 more days are needed in some parts of the city, as well as the city of Futtsu and the town of Kujukuri in the east of the prefecture and the cities of Tateyama and Minamiboso, located in the south of the Boso Peninsula. One of the reasons why the blackouts spread is the collapse of two steel towers in Kimitsu, which is estimated to have cut electricity to 100,000 households. Since a heavy thunderstorm was forecast to hit the region from Sunday night to Monday morning, the firm said the recovery work could be suspended, causing further delays. (news.financializer.com). As reported in the news.

fdi inflow: These gains were hard-earned given the global FDI flows had declined for three consecutive years, according to Global Times China. In 2018, global FDI went down 13 percent, and developed countries saw a record low FDI inflow since 2004, according to the World Investment Report 2019 published by the United Nations Conference on Trade and Development. In the January-August period, FDI expanded 6.9 percent year on year to 604 billion yuan about 85.36 billion US dollars . FDI inflow grew 3.2 percent year on year to 89.26 billion dollars, data from the Ministry of Commerce showed. The circumstances did not dampen foreign investors' enthusiasm in increasing investment China. China bucked the trend of the global FDI slide with a huge consumer market that is highly attractive to the world's major multinationals, said Shen Jianguang, a chief economist with JD Digits. A total of 27,704 new foreign-funded enterprises were established in the first eight months of this year. (news.financializer.com). As reported in the news.

home park: She would move if she could afford it, according to The Independent. Kathryn Scott Facebook Twitter SMS Email Print Save ADVANCE ON THURSDAY, SEPT. 12 FOR USE ANY TIME AFTER 3 01 A.M. SUNDAY SEPT 15 - In this Aug. 30th 2019 photo shows a home sitting with a vinyl skirting kit in boxes on the ground, seemingly ready for replacement at Lamplighter Village, a manufactured and mobile home park in Federal Heights, Colo. Lyons' waitressing wages are eaten up by a constant stream of home and yard repairs ordered by her park manager, including removal of a giant maple tree that fell on her patio roof and crushed it. Across Colorado, where the housing crisis impacts both rural and urban towns, the strife between mobile home park residents and park owners approaches a boiling point. Kathryn Scott Facebook Twitter SMS Email Print Save ADVANCE ON THURSDAY, SEPT. 12 FOR USE ANY TIME AFTER 3 01 A.M. SUNDAY SEPT 15 - In this Aug. 30th 2019 photo shows residents of Lamplighter Village, a manufactured and mobile home park, spending time outdoors in their community in Federal Heights, Colo. The business model -- in which homeowners pay lot rent to park their houses on someone else's land -- capitalizes on the immobility and economic fragility of tenants who often can't afford to move or live anywhere else. (news.financializer.com). As reported in the news.

italian media: Portugal will take eight and Luxembourg two, Italian media reported, according to The Japan Times. After disembarkation, the Ocean Viking should head back to her search and rescue mission in the Central Mediterranean, because people continue to die in these waters where no rescue ship is currently present in the area, Nicola Stalla, the vessel's search and rescue coordinator, said on Saturday. Italian authorities identified and carried out medical checks on the sub-Saharan African migrants after they disembarked overnight on southern island Lampedusa after more than six days at sea. ; Under an ad hoc European deal, Italy, France and Germany will take 24 migrants each. European leaders are trying to thrash out an automatic mechanism that would see rescued migrants who are brought to Italy or Malta swiftly redistributed around Europe. Italy's new government, sworn in last week, is forging its own migrant policy after 14 months of former interior minister Matteo Salvini's hardline stance against charity vessels and migrants. It is not yet clear how many countries will sign up to the scheme. (news.financializer.com). As reported in the news.

giant: UK retail giant Sainsbury's announced it was ending a three-month trial of smartphone-only shopping at one of its stores in central London, according to Nine News Australia. Tills were removed from its Holborn Circus store in April and customers had to scan their groceries using the company's Pay & Go app as they browsed the aisles. To improve your experience update it here News Technology'It's only going to get bigger' Appetite for smartphone shopping strong despite ending of supermarket trial, says expert By Richard Wood1 07pm Sep 15, shopping by phone app is inevitable despite a major supermarket chain scrapping its pilot plan to banish checkouts from its stores, a retail expert said. But instead of quicker, more convenient shopping, the app resulted in long queues at the store's helpdesk as people tried to buy groceries with cash and cards. Other shoppers were unhappy to use their mobile data allowance to download the Sainsbury app. Some customers found the mobile QR codes hard to scan when leaving the store. (news.financializer.com). As reported in the news.

findings: Australia's cyber intelligence agency - the Australian Signals Directorate - concluded in March that China's Ministry of State Security was responsible for the attack, five people with direct knowledge of the findings of the investigation told Reuters, according to Nine News Australia. The five sources declined to be identified due to the sensitivity of the issue. To improve your experience update it here News National China 'blamed for cyber-attack' on Australian parliament By AAP9 57am Sep 16, intelligence determined China was responsible for a cyber-attack on its national parliament and three largest political parties before the general election in May, according to a report by Reuters. Reuters has not reviewed the classified report. Getty The report, which also included input from the Department of Foreign Affairs, recommended keeping the findings secret in order to avoid disrupting trade relations with Beijing, two of the people said. Parliament and Australia's three largest parties were targeted in the hack. (news.financializer.com). As reported in the news.

m shares: The stock decreased 0.19% or 0.09 during the last trading session, reaching 46.88, according to MSNBC. About 9.10M shares traded. Buckhead Capital Management Llc who had been investing in Comcast Corp New for a number of months, seems to be less bullish one the 213.07B market cap company. Comcast Corporation CMCSA has risen 21.74% since September 15, 2018 and is uptrending. Some Historical CMCSA News 03/05/2018 Federal investigators have wiretapped the phone lines of Michael Cohen, sources confirm to NBC News; 09/03/2018 EXPLAINER-Comcast and Murdoch's Fox in regulatory race for Sky approval; 25/04/2018 COMCAST QTRLY COMCAST CABLE COMMUNICATIONS REV 13.52 BLN, UP 3.6 PCT; 25/04/2018 Morningstar Comcast Pursues Sky While Assessing Bigger Move for Fox Assets 3rd Update; 07/05/2018 Comcast prepares rival bid to crash Walt Disney-Fox deal; 23/05/2018 Comcast in advanced stages of preparing' Fox bid; 19/04/2018 Comcast is teaming up with Independence Health Group to launch a new consumer-oriented health-care technology platform; 01/05/2018 Veritas Adds Cerner, Exits Dr Pepper Snapple, Cuts Comcast 13F; 02/04/2018 Elwyn Empowers Nationwide Technology Network with Comcast Business Ethernet, Internet and Phone; 26/03/2018 Hartford Disciplined Equity Exits M&T, Cuts Comcast Savant Capital Llc increased its stake in Waste Mgmt Inc Del WM by 488.98% based on its latest 2019Q2 regulatory filing with the SEC. Savant Capital Llc bought 160,112 shares as the company's stock rose 10.33% . The institutional investor held 192,856 shares of the public utilities company at the end of 2019Q2, valued at 22.25M, up from 32,744 at the end of the previous reported quarter. It has outperformed by 21.74% the S&P500. (news.financializer.com). As reported in the news.

news agency: No date for the talks was given, according to The Guardian. The Russian side stressed the need to relaunch negotiations between the United States and the Taliban movement, the spokesman said. The Russian president's special representative for Afghanistan ... Zamir Kabulov, hosted a Taliban delegation in Moscow, said a ministry spokesman, quoted by RIA Novosti state-funded news agency. For their part, the Taliban confirmed their willingness to pursue dialogue with Washington. Trump's new world disorder competitive, chaotic, conflicted Read more The purpose of these visits is to inform leaders of these countries about the peace talks and president Trump's decision to call off the peace process at a time when both sides had resolved all outstanding issues and were about to sign a peace agreement, said a senior Taliban leader in Qatar. An official from the Taliban said on Saturday the visit came as the insurgent group looked to bolster regional support, with visits also planned for China, Iran and Central Asian states. (news.financializer.com). As reported in the news.

newsletters: Email Sign UpBy signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time, according to MSNBC. Facebook Twitter Email Print Biden's Birmingham speech By JAKE SHERMAN and ANNA PALMER 09/15/2019 11 24 AM EDTUpdated 09/15/2019 11 53 AM by DRIVING THE DAYTHE PRESIDENT'S WEEK Monday THE PRESIDENT will participate in a ceremony for new ambassadors, and he will participate in presentation of the Presidential Medal of Freedom to Mariano Rivera. Sign up for POLITICO Playbook today. He will meet with the crown prince of Bahrain before going to Albuquerque for a political rally. Wednesday THE PRESIDENT will raise money in Los Angeles, San Diego and then leave for Washington. Tuesday THE PRESIDENT will raise money in Palo Alto and Beverly Hills. (news.financializer.com). As reported in the news.