• Breaking News

    Thursday, July 5, 2018

    Stock Market - Trump to Pull Tariff Trigger at Midnight in Trade-War Escalation

    Stock Market - Trump to Pull Tariff Trigger at Midnight in Trade-War Escalation


    Trump to Pull Tariff Trigger at Midnight in Trade-War Escalation

    Posted: 05 Jul 2018 08:53 AM PDT

    https://www.bloomberg.com/news/articles/2018-07-05/china-says-u-s-tariffs-to-backfire-damaging-the-whole-world

    President Donald Trump is preparing to slap tariffs on Chinese goods early Friday, the first shot in a trade war between the world's two biggest economies.

    Tariffs on $34 billion of Chinese goods are scheduled to take effect at 12:01 a.m. in Washington, the U.S. Trade Representative confirmed in an email Thursday. The milestone marks a new and damaging phase in a conflict that has roiled markets and cast a shadow over the global growth outlook.

    In Beijing, policy makers are digging in for what could be a protracted fight -- one in which they say they won't be the aggressor. Beijing has said retaliatory tariffs on U.S. goods ranging from soybeans to pork will go into effect immediately after the U.S. acts.

    With further tit-for-tat levies already threatened between the U.S. and China, some investors are concerned this week may mark the start of a trade war that spreads globally. Trump has already imposed tariffs on imported steel, aluminum, solar panels and washing machines.

    As the deadline approached with little sign of a last-minute deal, U.S. stocks pared gains. The Standard & Poor's 500 Index was up 0.3 percent at 11:15 a.m. in New York, after earlier rising as much as 0.6 percent.

    The looming tariffs have prompted central bank officials to try to reassure investors. The European Union has taken a firm stance ahead of the escalation, with Bank of England Governor Mark Carney saying that the rise of protectionism will affect trade flows and push up import costs.

    Read more: what you need to know about the trade war

    Here's a run down of the key facts about China's position in the conflict:

    What goods are to be targeted?

    On June 15, Trump said the U.S. would begin charging additional duties of 25 percent on $50 billion worth of Chinese imports in response to what he says is theft of American intellectual property. That's split into two rounds -- $34 billion on Friday and $16 billion later.

    China has said it will fight back with "equal scale, equal intensity."

    How will the tariffs be implemented?

    Customs services for the U.S. and China will be responsible for collecting the new tariffs as imports pass through the port of entry. When products on the list for extra levies are declared to customs, the importer will pay the additional levies.

    Are markets ready?

    Chinese stocks have taken a beating in recent weeks, entering a bear market, as concerns about the trade-war have mingled with worries about how an ongoing debt-control campaign will feed through into the outlook for economic growth.

    People's Bank of China Party Chief Guo Shuqing sought to calm markets, saying bond market risks are controllable and the economy is capable of bearing the impacts of trade frictions. The economic fundamentals mean a sharp depreciation of the yuan is unlikely, he said in an interview with the Financial News.

    U.S. Federal Reserve Chairman Jerome Powell said on June 20 that officials are beginning to hear that companies are postponing investment and hiring due to uncertainty about what comes next. "Changes in trade policy could cause us to have to question the outlook," he said during a panel talk in Portugal.

    U.S. stocks have wobbled on trade frictions, but the S&P 500 Index remains roughly level from the start of the year.

    What can the real-world impact be?

    The tariffs are already having an effect. As an example, Chinese companies are reselling U.S. soybeans, and Chinese companies are expected to cancel most of the remaining soybeans they have committed to buy from the U.S. in the year ending Aug. 31, once the extra tariffs take effect.

    Some American business are bracing for impact. U.S. manufacturers and business groups have said the tariffs could increase their costs and lead to higher prices for consumers.

    submitted by /u/OptionsGeek
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    What are the best financial ratios to look at before investing and why?

    Posted: 05 Jul 2018 03:48 AM PDT

    What is everyone bullish on right now? Just curious!

    Posted: 05 Jul 2018 01:47 PM PDT

    Personally, I've been bullish on Callaway (ELY) Pfizer (PFE) and AT&T (T). I've chosen these 3 out of many for various reasons. What have you been trading recently?

    submitted by /u/poptarts09
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    Bullish stocks

    Posted: 05 Jul 2018 07:19 PM PDT

    I looked at multiple stock analysis websites, and these are the stocks they recommend

    IQ, VKTX, XXII, ACMR, VSTM and PFE.

    What's everybody's take on it.

    submitted by /u/The_asian_Food_Lover
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    Question on Ticker changes

    Posted: 05 Jul 2018 05:34 PM PDT

    Do any of you know of, a company who changed their ticker and did it in such a way their current social investors (investors that are on Reddit, Stocktwits, Twitter, etc.) kept up the previous momentum...even if it was low...after the change?

    Thanks!

    submitted by /u/cmiller1225
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    Should I invest in Netflix?

    Posted: 05 Jul 2018 05:09 PM PDT

    Preferred Platform?

    Posted: 05 Jul 2018 12:25 PM PDT

    Hey guys just need some opinions. Looking to take control of my current managed fund account along with some inheritance I'm coming into. I already have an IRA and other retirement accounts set up through an advisor. Just really need something for liquid right now investments and trading. I've been using robinhood for a little while for just small buys, but I will now have about 40k or so to be handling. I've looked around at fidelity, M1 and several others but still not sure what to use. Where would y'all point me for a good start?

    submitted by /u/Putltlnurhole
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    What’s the best app or website to find news about stocks you follow?

    Posted: 04 Jul 2018 09:29 PM PDT

    I've been looking but don't really know what to look for.

    submitted by /u/Whoezy
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    Global Morning Highlights

    Posted: 05 Jul 2018 04:21 AM PDT

    • Europe Auto Stocks rallying on speculation on an improvement of trans-atlantic trade talks Euro Stoxx 50 +1.04%, FTSE 100 +0;42%, CAC 40 +1.01%, DAX +1.34%
    • First round of US tariffs on Chinese exports to take effect July 6th, China to levy back immediately - USDCNY stronger by 3.4% over last month, Shanghai Index at lowest level since March 2016
    • US President Donald Trump criticized OPEC on twitter again, Goldman says losses in Venezuela and Iran to lead to a new rally. WTI at 74.51 Brent at 78.09. Brent - WTI spread at 3.57 in the 21st percentile over last year
    • BoE Governor Carney "Domestically, the incoming data have given me greater confidence that the softness of UK activity in the first quarter was largely due to weather, not the economic climate" GBPUSD is +0.14%
    submitted by /u/QuantalyticsResearch
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    Need some help as a newbie in the world of stock market

    Posted: 05 Jul 2018 07:56 AM PDT

    I'm sure this is not the first post of this kind you see on this subreddit...but I've decided to get into stock market because it seemed to me as something I would enjoy doing.I've been researching on the topic for the last few hours and every source that I was reading up on had a lot of hate connected to it and poeple saying that it's a scam and a waste of time.I was just hoping that one of you guys maybe knew a site or a book or any type of source that you know is reliable and that maybe taught you a few things.

    submitted by /u/DizlyBot
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    CONN Bull flag.

    Posted: 05 Jul 2018 06:15 AM PDT

    Check out chart and volume. Seems to be consolidating. 8% off 52 week highs, and ~25% short float.

    Let me know if you make any plays. I'll come back once I buy in.

    submitted by /u/Scottydeux
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    I’ve been thinking about ETFs to invest in. I’m pretty new to the stock market.

    Posted: 05 Jul 2018 11:31 AM PDT

    Are etfs a good idea to buy and old? Does it matter what kind of etf I go for?

    submitted by /u/Laxislife3
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    I’ve been thinking about ETFs to invest in. I’m pretty new to r/stockmarket

    Posted: 05 Jul 2018 11:30 AM PDT

    Are etfs a good idea to buy and old? Does it matter what kind of etf I go for?

    submitted by /u/Laxislife3
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    FTSE 100 Constituents | FTSE 100 Companies Quote | FTSE 100 Share Prices Today

    Posted: 05 Jul 2018 03:26 AM PDT

    Introduction to Daytrading? Where do I start?

    Posted: 05 Jul 2018 10:51 AM PDT

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