Markets


Bernie Sanders' legislation aim to close Trump's tax loopholes Bernie Sanders' legislation aim to close Trump's tax loopholes
- October 12, 2016

I love that I am getting to see more and more of you these days! Instead of proposing policies under which everyone pays their fair share, he's pushing for more perks for the rich. Since then, Trump has deflected when asked specifically about paying federal income tax. Hillary Clinton will try to capitalize on tumult in the Trump campaign Tuesday as she hunts for votes in the Philadelphia suburbs, while Donald Trump will shore up support in Arizona. (more...)
German companies ready to provide capital for Deutsche Bank German companies ready to provide capital for Deutsche Bank
- October 12, 2016

Though the bank announced that it sold off a British insurance arm, Abbey Life, in late September of 2016 for about $1 billion, that has not been enough to convince many that the German bank is in a more stable position. Gabriel declined to comment. The chairman of euro zone finance ministers, Jeroen Dijsselbloem, told Reuters that the fine was disproportionate and could place Europe's financial system at risk. (more...)
Bill Clinton was a predator, worst abuser of women: Donald Trump
- October 12, 2016

Indeed, Ryan said he would devote his energy to ensuring Clinton doesn't get a "blank cheque" as president with a Democrat-controlled Congress, according to people on his private conference call with Republican House members. Poll data released by NBC News and the Wall Street Journal on Monday, which only included interviews conducted before the debate, showed Clinton with a 11 point lead in a four-way contest and a 14-point lead in a head-to-head matchup. (more...)
Waiting Game Over? IEA Says OPEC Cuts Will Hasten Rebalancing
- October 12, 2016

On Tuesday, Brent crude settled down 73 cents USA, or 1.4 per cent, at US$52.41 a barrel, retreating from a one-year high of US$53.73 hit on Monday. Speaking at the congress, of which Anadolu Agency is the global communication partner for 2016, Novak said the oil price issue is different and is lasting longer than previously. (more...)
Trump's newest tweet storm targets House Speaker Paul Ryan
- October 12, 2016

He told House Republicans to " do what's best for you in your district ". "Paul Ryan is focusing the next month on defeating Democrats, and all Republicans running for office should probably do the same", Ryan spokesperson Brendan Buck said Tuesday, a statement echoing his response on Monday. (more...)
Markets Right Now: US stocks move solidly higher Markets Right Now: US stocks move solidly higher
- October 12, 2016

When looking from commodity wise, the crude oil and natural gas was up $1.45 at $45.93 United States per barrel and $3.07 U.S. per mmBTU respectively, in November. Markets have proven imperfect in assessing past election outcomes, with the S&P 500 plunging between 2 percent and 5 percent on the days after victories by Barack Obama, a president who has presided over the second-longest bull market in US history. (more...)
Trump Advisor Says Hillary Clinton Listening To Beyonce Is Worse Than #TrumpTapes Trump Advisor Says Hillary Clinton Listening To Beyonce Is Worse Than #TrumpTapes
- October 12, 2016

Trump has been heavily criticised for a video which has resurfaced from 2005, which sees him brag about "grabbing women by the pussy" in unaired Access Hollywood footage while he was appearing on reality show Days of Our Lives. She's a singer/songwriter and record producer who does not claim she is a rapper . After assuring viewers she doesn't listen to "rap music" because she doesn't "like that kind of thing", McCaughey addressed the seeming hypocrisy of Clinton both Trump's statement ... (more...)
US Senate candidates in NH linked to presidential nominees US Senate candidates in NH linked to presidential nominees
- October 12, 2016

He also told the Wall Street Journal there was "zero chance I'll quit". For Ayotte, who is engaged in a heated re-election campaign against Democratic Gov. Durbin (Ill.) threw out the notion that Trump could drag down Senate races by as much as eight percentage points, and Senate Democrats' campaign arm launched a new website declaring Republicans "the party of Trump". (more...)
OPEC must enact cuts for sustained oil price rise, IEA says
- October 12, 2016

The price of crude has gained about 15 percent since that proclamation. "If OPEC sticks to its new target, the market's rebalancing could come faster", it said. Representatives of some OPEC members and non-OPEC countries including Russia, Azerbaijan and possibly Mexico will hold a round-table meeting at 1100 GMT on Wednesday on the sidelines of the World Energy Congress, according to OPEC ministers. (more...)
Power restored to tens of thousands in Los Angeles County Power restored to tens of thousands in Los Angeles County
- October 12, 2016

Surface streets have been affected by the power outage. As of around 7:25 a.m., thousands of customers were still impacted by the outages. "The flare today was fairly dramatic", Millea said. When power to the refinery is cut, it shuts down and flaring occurs to burn off any product and relieve pressure to ensure gases are safely combusted. (more...)
Activists' Tampering Shuts Down Five Canada-US Oil Pipelines Activists' Tampering Shuts Down Five Canada-US Oil Pipelines
- October 12, 2016

She said the group had spent months researching how to safely shut down the pipelines. "We respect the rights of others to discuss our business in a safe, respectful and lawful manner, but this morning's activities at our valve site in Leonard, Minn., are unacceptable", Michael Barnes, spokesman for Enbridge, said in a statement . (more...)
Dollar leaves rivals for dust, FTSE hits record high Dollar leaves rivals for dust, FTSE hits record high
- October 12, 2016

Since the immediate aftermath of the referendum, when the index plummeted, the FTSE has pushed ever higher while sterling has travelled in the opposite direction. Sterling was down 0.6% against the dollar at $1.2284 and slid 0.4% against the euro to €1.1051. Some made an assumption it might have been the ramification of a "fat finger" trade, others supported the story suggested by the Financial Times, according to which French President Francois Hollande ordered "tough Brexit negotiations" ... (more...)
Amazon Plans Grocery Expansion with New Convenient-Style Stores
- October 12, 2016

Amazon is also now building a secretive, drive-in grocery store in Seattle, which could be a model for future projects, though the company hasn't provided comment. Customers in the stores can also order other items with longer shelf lives for same-day delivery, the Journal said . And with huge improvements across all online grocery shopping platforms, the trend will only continue, he writes. (more...)
"No question" United Kingdom will address London bankers' EU-exit worries: minister
- October 12, 2016

She also suggested that curbing immigration by opting out of freedom of movement regulations would take precedence over remaining a full member of the EU's single market. "Amber Rudd is already looking at what we need to do across the board to do that". John Redwood , a veteran euroskeptic member of Parliament, said negotiating a new trade deal with the European Union would be straightforward. (more...)
Wall Street opens lower after Alcoa's results Wall Street opens lower after Alcoa's results
- October 12, 2016

S&P 500 e-minis were down 6.5 points, or 0.3 percent, with 145,396 contracts traded. Oil prices rose to a one-year high after Russian Federation said it was ready to join OPEC in curbing crude output and Algeria's oil minister said he expected similar commitments from other non-OPEC producers.The energy index.SPNY was up 1.4 percent. (more...)
Colombian President Dedicates Nobel Peace Prize Money To Conflict Victims Colombian President Dedicates Nobel Peace Prize Money To Conflict Victims
- October 12, 2016

The final vote was 50.2 percent against and 48.8 percent in favor of the peace agreement, a margin of merely 60,000 votes. After almost four years of peace talks with the FARC in the Cuban capital Havana, the government and rebels signed a peace deal on September 26 - only for the Colombian people to vote against it six days later, sending both sides back to the drawing board. (more...)
PPG Industries Inc. (PPG) Downgraded by Deutsche Bank AG to Hold PPG Industries Inc. (PPG) Downgraded by Deutsche Bank AG to Hold
- October 12, 2016

Zacks Investment Research cut shares of PPG Industries from a "hold" rating to a "sell" rating in a research note on Monday, August 29th. The forecast of 16 polled investment analysts covering the stock advises investors to Buy stake in the company. (more...)
IL suspends business with Wells Fargo amid growing fury
- October 12, 2016

The planning document said she would urge the Securities and Exchange Commission to exercise its authority to make related rules authorized by the financial reform law. "So what I worry about are these small community banks and credit unions that are now going to have to deal with the ramifications of the bad acts of your institution", he said. (more...)
Trump claims Clinton wants to end mining jobs Trump claims Clinton wants to end mining jobs
- October 12, 2016

If we don't have coal the power plants can't operate and we will be without lights and heat. The moderators asked the Republican candidate to answer the question first. Motor gasoline accounted for almost half of America's total petroleum product consumption of 19.4 million barrels a day past year, so fuel efficiency and electric vehicle adoption would have to play a significant role in driving down oil demand on a large scale. (more...)
Eagles tackle Lane Johnson's 10-game suspension upheld Eagles tackle Lane Johnson's 10-game suspension upheld
- October 12, 2016

Johnson was informed the week of the Pittsburgh Steelers game that his B sample was also positive. Johnson will begin the suspension this week and return during week 16 of the National Football League season, when the Philadelphia Eagles host the New York Giants . (more...)

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