tyb
Markets Re-Plunge (Futures) As Lighthizer Confirms Tariff-Hikes After China Reneges On Promises
While a Chinese delegation is still scheduled to visit Washington as planned this week, with talks to take place Thursday and Friday, U.S. Trade Representative Robert Lighthizer told reporters Monday that the Trump administration plans to increase duties on Chinese imports at 12:01 a.m. on Friday, accusing Beijing of backpedaling on commitments it made during negotiations.
U.S. and China had been making substantial progress on a trade deal, but in the past week China has reneged on some of its promises, Lighthizer said.
“We felt we were on track to get somewhere. Over the course of last week we have seen an erosion of commitments by China,” Lighthizer said, adding that significant issues remain unresolved, including whether tariffs will remain in place.
Significant issues remain unresolved, including whether tariffs will remain in place, he said.
The result, more than half of the intraday gains have been erased already.
Futures have closed now (1400ET) but Stock ETFs continue to drift lower.
Trade-sensitive stocks are pushing back towards the lows of the day session.
Treasury yields tumbled to the lows of the day.
(see cap #3)
More problematic - or perhaps he just had to say that - Treasury Secretary Steve Mnuchin added that the market's reaction was not a factor in China talks.
No PPT?
https://www.zerohedge.com/news/2019-05-06/futures-plunge-lighthizer-confirms-tariff-hikes-after-china-reneges-promises
https://www.bloomberg.com/markets/stocks/futures
looks like a clown or some kind of potato. second one in from right is Saudi?
Fuck off
so what are ya supposed to use?
Auto group tries to steer Colorado clear of California ZEV rules
(Reuters) - An automotive trade group is in talks with Colorado to try to convince the state not to adopt California’s zero emission vehicle (ZEV) mandate.
In January, Colorado Governor Jared Polis signed an executive order directing the state to adopt California’s ZEV rules, joining nine other U.S. states including Maryland, Massachusetts, New Jersey, New York and Oregon. His order said the formal rules to adopt the program would be proposed by May.
The Alliance of Automobile Manufacturers, a trade group representing General Motors Co, Toyota Motor Corp, Volkswagen AG, Ford Motor Co and others, met with Polis on April 15 in a bid to convince him that voluntary efforts to boost electric vehicles make more sense.
The group said in an April 29 letter seen by Reuters that its members would agree to make all EVs available for sale in Colorado that are on sale in California by January 2020 and commit to additional marketing efforts for EVs.
The auto group also pledged to work with Colorado to allow consumers to take advantage of a $5,000 state purchase incentive at the point of sale by taking on the assignment of the credit at the time of sale.
The automakers said they appreciate Colorado exploring “an alternative program that would help Colorado achieve its goals
sooner.”
In a letter to automakers Monday, Colorado state officials said they see “real opportunity to work together.” The state will proceed an initial hearing this week on the mandate “but we seek to continue discussions about a possible ZEV alternative on a parallel path.”
The California ZEV mandate, first adopted in 1990 and revised on numerous occasions, requires a rising number of electric vehicle or other zero emission vehicles.
Last year, California forecast that about 8 percent of the state’s new vehicle sales in 2025 will be zero emission and plug-in electric hybrids.
In August, the Trump administration proposed freezing fuel efficiency standards at 2020 levels through 2026 and barring California from imposing its own vehicle emission rules or setting requirements for zero emission vehicle sales.
California and 18 other states, including Colorado, have said they will fight the Trump administration’s freeze in court, a legal battle that could leave automakers in regulatory limbo for years.
https://www.reuters.com/article/us-autos-electric-colorado/auto-group-tries-to-steer-colorado-clear-of-california-zev-rules-idUSKCN1SC28U?il=0
'aint that simple in a high sun area anon. That doesn't cut it in the southwest in summer.
Don't be such as ass. A simple "this will help you" would have done.
>but I'll let you practice you Google skills.
you still use google?
KYS
Apple Chief Operating Officer sells shares-$11.8m
https://www.secform4.com/insider-trading/320193.htm
CRM CEO-EVERY….SINGLE….WEEK
want to see a sea of red ink?
click that link nigga
https://www.secform4.com/insider-trading/1108524.htm
Roughly $1.6million EVERY WEEK
Abbott Labs Director sells shares-$24.29m
https://www.secform4.com/insider-trading/1800.htm
help if the panel was there.
these are most likely asset seizures anon. These panel's represent anything above a 9% amount of registered shares, they do have trading plans filed with the SEC but anything over roughly 9% of the total amount of registered share's is a red-flag.
Once they get to no registered share's ala dorsey, sandberg and hastings it is pure un-adulterated greed imo. Can't answer the tax issue fully but would generally fall under capital gains-unless the SEC has some other way to skirt that as well.