I Read The News So You Don’t Have To – Market News (Dec. 12, 2018)

by ogordained


  • Futures are indicating some relief at the opening bell with the S&P, NASDAQ, and DOW all up slightly
  • Trump said he would intervene in the criminal case against Huawei’s CFO if it would help get a better trade deal with China
  • The NFIB Business Outlook for General Business Conditions fell to its lowest level since the morning of Trumps election
  • The NFIB Compensation Plans Index rose to its highest level in twenty years, a sign of rising pay
  • Analysts are reeling back their Q4 and 2019 earnings forecasts
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  • Theresa May could be fired tonight. A confidence vote is being held – if she gets less than half of the votes, she gon’
  • The European Parliament is expected to ratify the EU-Japan Economic Partnership Agreement – one of the world’s largest trade deals
    • Japan would ditch duties on 90% of EU exports. The EU would drop its levies of 10% on Japanese cars to zero
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  • China was responsible for the Marriott data breach that collected personal details of 500 million guests
    • The Chinese intelligence-gathering effort that also hacked health insurers and the security clearance files of millions more Americans
  • Car sales have been falling rapidly over the past few months, tumbling 18% in November
  • China agreed to reduce tariffs on U.S. autos to 15% from 40% during a phone call with U.S. officials

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