South China Morning Post (August 3)
“China has just ceded its four-year title as the world’s second-largest stock market to Japan, as an intensifying trade spat with the US and its campaign to reduce leverage weighed on equities.”
Tags: China, Equities, Japan, Leverage, Second-largest, Stock market, Trade spat, U.S., World
USA Today (August 2)
Apple just became the first U.S. company to achieve a $1 trillion valuation, which seems rather unfathomable at first. “For $1 million you could buy a very nice one bedroom apartment in San Francisco. With $1 trillion, you could buy a very nice apartment for everybody in the city (San Francisco’s population is close to a million).” But hopefully Apple will “write a check because there’s just over a trillion dollars currently in circulation in the U.S.”
Tags: $1 trillion, Apartment, Apple, Circulation, First, San Francisco, U.S., Valuation
Wall Street Journal (August 2)
“No one knows if Donald Trump is serious or trolling when he tweets,” but the “damage from firing Mr. Mueller is so predictable that’s it hard to believe even Mr. Trump would tempt such a fate.”
Bloomberg (August 1)
“After earnings carnage at global auto rivals,” Toyota is in the “spotlight.” From Detroit to Seoul, Toyota’s global rivals “fell short of estimates and warned of more pain from the trade war.” In contrast, “the world’s most valuable automaker will likely report modest sales and earnings growth for the most recent quarter.” But going forward the automaker still “faces a fight on every front. Potential U.S. tariffs threaten to cripple demand in its biggest market, rivals continue to pull ahead in China, and at home, the top-selling Prius is suffering a slump in popularity.”
Tags: Auto rivals, Carnage, China, Detroit, Earnings, Estimates, Growth, Prius, Sales, Seoul, Tariffs, Toyota, Trade war, U.S.
Market Watch (July 31)
“Both Facebook and Netflix saw their shares fall into bear-market territory on Monday, defined by a decline of at least 20% from a recent peak, and nearly 40% of the S&P 500’s technology sector is in correction territory.” Some say there’s been a seismic shift, but “it remains to be seen if the recent moves represent a sea change for a reemergence for value, which has been overshadowed by growth plays, or if moves of the past few days are a blip.”
Tags: Bear market, Correction, Facebook, Growth Blip, Netflix, S&P 500, Shares, Technology sector, Value
Washington Post (July 30)
“Trump has repeatedly said he would protect American farmers in the trade war, last week setting aside $12 billion to help them, but he is facing pressure to extend aid to other industries…. The U.S. Chamber of Commerce on Monday estimated the total price tag could hit $39 billion if Trump compensated the losses across all industries.” But most “critics of Trump’s trade policy are calling on him to de-escalate the trade war rather than try to bail out the businesses hurt by it.”
Tags: Bail out, Chamber of Commerce, Compensate, De-escalate, Farmers, Industries, Losses, Trade policy, Trade war, Trump, U.S.
