Morning Briefing
It’s a ping pong market over U.S.-China trade talks
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China hints at limited trade deal if U.S. backs off on tariffs
A Chinese official with "direct knowledge of the talks" has told Bloomberg that China is open to reaching a partial trade deal with the United States. In exchange for the U.S. agreeing not to impose any more tariffs--including two rounds set to take effect in October...
Not surprisingly U.S.-China trade war rhetoric heats up ahead of renewal of talks
Today the Trump administration put eight of China's technology giants on a blacklist over alleged human rights violations against Muslim minorities. And China signaled that it would retaliate over the blacklist. Foreign ministry spokesman Geng Shuang told reporters...
As trade talks resume, U.S. and China even disagree about what’s on the table
Ahead of the resumption of U.S.-China trade talks, Vice Premier Liu He, who will lead the Chinese delegation, is saying that China's newest offer won't include any commitments on reforming China's policies on forced technology transfers or government subsidies to...
Stocks rally on September jobs report–the “why,” though, is complicated
This morning the Bureau of Labor Statistics reported that the economy added 136,000 jobs in September. And stocks rallied with the Standard & Poor's 500 closing the day up 1.10% to 2942.56 and the Dow Jones Industrial Average ending up 1.11%. The NASDAQ Composite...
PMI Services disappoints; stocks recover on Fed cut speculation
The Institute for Supply Management's Purchasing Managers Index for Services fell to 52.6 for September, according to reports this morning, October 3. That was a drop from August's 56.4 and below the 55.0 that economists surveyed by Bloomberg had projected. That left...
Growth worries about U.S. economy mount today ahead of critical Friday jobs report
In a different environment, the disappointing jobs numbers from the private ADP employment survey and the weak quarterly sales reports from Ford and General Motors would not have taken the Standard & Poor's 500 down 1.79% and the Dow Jones Industrials lower by...
U.S. manufacturing disappoints with continuing contraction for September
All the major U.S. stock indexes fell today as the Institute for Supply Management’s Purchasing Managers Index for Manufacturing disappointed by sinking further into contraction territory. At 47.8 for September, the index hit a 10-year low. Economists surveyed by...
The People’s Bank responds to Friday’s financial market access gambit from White House
Just days after Bloomberg reported that the Trump Administration is thinking of restricting cash flows from US investors into Chinese companies, the People's Bank of China said it would step up stimulus measures to counteract the effects of the U.S.-China trade war....
Market retreats on news that Trump administration is looking at ways to restrict U.S. portfolio flows into China
I think I know where this is coming from but the news certainty hit the market from left field today. Bloomberg is reporting that the Trump administration is discussing ways to restrict portfolio flows into China's stocks. Chinese companies traded in the United States...
Persistent drip, drip, drip of smaller negative stories out of China today
No big bad news story from China this morning, but the news trend continues to emphasize the downside. For example, this morning a U.S. official said the U.S. is unlikely to extend a waiver allowing American firms to supply China’s Huawei Technologies with technology...Jim’s Stock Alerts
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