July 11, 2019 | Daily JAM |
The U.S. budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal 2019 that started in October 2018 from the same nine-month period in fiscal 2018 period. The budget deficit will exceed 4% of GDP this fiscal year and stay above that level...
July 11, 2019 | Daily JAM, Mid Term |
For this new round of U.S.-China trade talks--with no schedule for the first meeting yet in place--the Chinese have shaken up with negotiating team by adding Commerce Minister Zhong Shan, regarded by some White House officials as a hard-liner, to Chinese Vice Premier...
July 11, 2019 | Daily JAM, Morning Briefing, Short Term |
In the second day of his semi-annual testimony to Congress--this time in front of the Senate--Federal Reserve chairman Jerome Powell sounded even more likely to support an interest rate cut at the central bank's July meeting. The Fed has room to cut rates, he said,...
July 10, 2019 | CHL, Daily JAM, Stock Alerts |
In my latest addition to my Special Report on Disrupted Sectors on the coming 5G disruption to the telecom and Internet space, I noted that China would be relatively early to roll out 5G capacity and handsets and that because of that timing and China's huge wireless...
July 10, 2019 | AAPL, Daily JAM, Short Term |
Think about it this way: The bulk of investors and traders believe that the Federal Reserve will cut interest rates at both the July 31 and September 18 central bank meetings. A significant minority believes that the Fed will deliver more than just two 25 basis point...
July 10, 2019 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
Federal Reserve chair Jerome Powell had an opportunity this morning to talk down the odds of an interest rate cut at the central bank's July 31 meeting in testimony in front of the House Financial Services Committee. He didn't--and I think that makes a 25 basis point...
July 9, 2019 | Daily JAM |
Levi Strauss & Co. (LEVI) fell 6.59% in after-hours trading today after the company reported earnings for the second quarter. It will be "interesting" to see how the full session tomorrow--Wednesday, July 10--reacts. Depending on whether you use adjusted earnings...
July 9, 2019 | Daily JAM, PEP, Stock Alerts |
Before the open today, July 9, PepsiCo (PEP) announced second quarter earnings ahead of analyst expectations. But with the stock already up 21.69% for 2019 to date, the market shrugged. PepsiCo shares fell 0.62% at the close. PepsiCo has beaten analyst earnings...
July 9, 2019 | Daily JAM, Morning Briefing |
Still no schedule for a resumption of face-to-face trade talks more than 10 days since President Donald Trump and President Xi Jinping agreed to resume trade talks the Osaka G20 meeting. But the two sides did talk by phone on Tuesday. No mention yet of a time table...
July 9, 2019 | Daily JAM, SGMO, Stock Alerts, Volatility |
On July 5 Sangamo Therapeutics (SGMO) and partner Pfizer (PFE) announced update results of a Phase 1/2 study of Sangamo's SB-525 gene therapy for severe hemophilia A. The companies also announced that the U.S. Food & Drug Administration had granted regenerative...
July 8, 2019 | Daily JAM, Notes You Need |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...
July 8, 2019 | Daily JAM, Morning Briefing |
Today, the Bipartisan Policy Center said there is a “significant risk” that the U.S. will breach its debt limit in September unless Congress acts. The last time the independent think tank projected possible U.S. default the group pointed to October or November. The...
