fuck off ktwat
tyb
US Mkts update with several headlines linked to other articles
Wall St. tumbles as weak factory data fuels slowdown worries
Reuters) - Wall Street's main indexes tumbled about 2 percent on Friday after a raft of weak manufacturing data from the United States and Europe led to an inverted yield curve, stoking fears of an economic slowdown.
Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had impacted factory output, a setback for hopes the global economy might be turning the corner on its slowdown.
This led to the spread between three-month Treasury bills and 10-year note yields inverting for the first time since 2007. An inverted yield curve is widely understood to be a leading indicator of recession.
"Right now there are clearly enough signs to be cautious about a number of factors that can potentially cause an economic recession," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.
"It doesn't guarantee it," Frederick said, "but if multiple other pieces of data show the same thing then it just increases the chances."
Financial stocks took the biggest hit, tumbling 2.94 percent, the most among the 11 main S&P sectors. The banking sector plunged 4 percent.
The Federal Reserve earlier this week abandoned projections for any interest rate hikes this year, as policymakers see U.S. economy rapidly losing momentum.
Trade worries too added to the uncertainty. While U.S. trade delegates head to Beijing next week, President Donald Trump said a final agreement with China "will probably happen."
Chipmakers, which get a huge chunk of their revenue from China, fell. The Philadelphia chip index was down 2.29 percent, while the broader technology sector declined 1.64 percent.
https://www.marketscreener.com/news/Wall-St-tumbles-as-weak-factory-data-fuels-slowdown-worries–28212718/?countview=0
Nike shits the bed earnings wise however the financial media are saying they were better than expected.
The headlines say it's a 'mixed-reaction'.
Hardly..
NIKE, Inc. (NKE)
NYSE - Nasdaq Real Time Price. Currency in
82.64-5.37 (-6.10%)
As of 1:53PM EDT. Market open.
Volume 15,542,359
Avg. Volume 6,470,676
General Motors : GM confirms plans to build new EV, invest $300 million in Michigan plant
(Reuters) - General Motors Co confirmed on Friday it will invest $300 million in a suburban Detroit assembly plant, adding 400 jobs to build a new Chevrolet electric vehicle.
The largest U.S. automaker has come under heavy criticism from President Donald Trump in recent days over its decision to end production at its Lordstown, Ohio, assembly plant earlier this month.
GM officials said the announcement was planned well before Trump's series of angry GM tweets that started on Saturday. Trump called GM CEO Mary Barra on Sunday to urge her to reverse the decision to end production at the Ohio plant, which is in a crucial state for the 2020 presidential election. He again ripped the company in a speech in Ohio on Wednesday.
https://www.marketscreener.com/GENERAL-MOTORS-CORPORATIO-6873535/news/General-Motors-GM-confirms-plans-to-build-new-EV-invest-300-million-in-Michigan-plant-28213693/
>>5828441 National Guard Aircrew Helps Spot Drug Mule in Arizona Desert
Notable
comments are good too..most of them are.
In foreboding sign for U.S. economy, factory sector softens
WASHINGTON (Reuters) - U.S. manufacturing activity unexpectedly cooled in March, a troubling sign for the economy although the U.S. housing market showed signs lower interest rates were giving it a boost.
Financial data firm Markit's purchasing managers index for U.S. manufacturing fell to 52.5 in March, its lowest level since June 2017. Both new orders and output softened.
Analysts polled by Reuters had expected the gauge to strengthen to 53.6 from 53.0 in February. Readings above 50 point to growth in the sector.
The slowdown in U.S. manufacturing is part of a global trend in which international trade tensions appear to be leaving their mark on factory output. Markit also released PMI reports showing factory activity contracted in the euro zone and in Japan.
The reports helped push the spread between three-month Treasury bills and 10-year note yields to invert for the first time since 2007. The inverted yield curve is widely understood to be a leading indicator of recession. U.S. stock prices also fell.
Already, signs of a global slowdown have played a significant role in the Federal Reserve's signaling in recent months that it will pause and possibly end its interest rate hiking cycle, which began in 2015.
Some economists are concerned the Fed may have already lifted rates too high. The U.S. housing market spent much of 2018 in a dismal state, held back by higher rates.
On Friday, however, a report from the National Association of Realtors showed U.S. home sales surged in February to their highest level since March 2018.
Existing home sales jumped 11.8 percent to a seasonally adjusted annual rate of 5.51 million units last month, the NAR said.
That was above analysts' expectations and could be a sign that the Fed's pause on rate hikes is helping home sales.
"Declines in mortgage rates are beginning to provide some support," economists at Oxford Economics said in a note to clients.
However, the U.S. economy is already slowing, partly due to the fading of a major fiscal stimulus in 2018.
The New York Federal Reserve said one of its forecasting models pointed to a 1.29 percent growth rate in the first quarter. That's well below the 2.9 percent growth clocked in 2018, which was just below U.S. President Donald Trump's 3 percent growth target.
In another potential ding for the economic outlook, Commerce Department data showed U.S. wholesale inventories increased by the most in more than six years in January.
https://www.marketscreener.com/news/In-foreboding-sign-for-U-S-economy-factory-sector-softens–28213464/?countview=0
Yield Curve Inverts For The First Time Since 2007: Recession Countdown Begins
This can be confusing and pepe encourages you to go to the linked articles here and read them as once you become familiar with financial language these story's are not so confusing. Just know that the in cap 3 you do NOT want the two line's crossing over each other. As Mr Mackey would say "that's bad MMM'kay
Update: The most prescient recession indicator the market just inverted for the first time since 2007.
Don't believe us? Here is Larry Kudlow last summer explaining that everyone freaking out about the 2s10s spread is silly, they focus on the 3-month to 10-year spread that has preceded every recession in the last 50 years (with few if any false positives).
"Actually we're reading the spread wrong,"
(what a douche)Larry Kudlow says of the flattening yield curve. "There's no recession in sight right now."
As we noted below, on six occasions over the past 50 years when the three-month yield exceeded that of the 10-year, economic recession invariably followed, commencing an average of 311 days after the initial signal.
And here is Bloomberg showing how the yield curve inverted in 1989, in 2000 and in 2006, with recessions prompting starting in 1990, 2001 and 2008. This time won't be different.
— CNBC (@CNBC) July 19, 2018
rest at link
remember charts do not lie. Ex 'tv pundits and former wall st execs' who now dictate policy do.
https://www.zerohedge.com/news/2019-03-22/10y-yield-collapses-curve-crash-sparks-imminent-recession-warning
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
>>5828818 Illegal Alien Admits To Killing Four People To Score Money For Meth
NOTABLE
a recurring theme of news in here but not in msm.
Daily caller front end SUCKS!
my pleasure. The moar you know about terms and language used you do not need 'experts'. If you have to watch financial TV and I stopped yrs ago go to bloomberg as they have a terminal that you have to subscribe to for speedy mkt information but it is not cheap. Because of that they tend to focus moar on content rather than the bouncing bewbs and hot-air at the other's. I will say I did enjoy Maria B. she knew her stuff and still does.
One other I liked, cnbs was the guy at the COMEX, name escapes me at moment-had some epic rants.
Another anon feel free to ta g this wit the name. Spacing on it right now
This is a good place to look
https://www.investopedia.com/