President Donald Trump loves two things very much: tariffs and a rising stock market. It’s becoming increasingly clear he can’t have both. Free-traders inside and outside the White House are now hoping that Trump’s love for new highs on Wall Street will temper his commitment to trade battles and help bring the current fight with China to a soft landing rather than total war next year. “I think Trump the Dow Jones Man is ultimately going to eat Trump the Tariff Man,” said one former senior administration official intimately familiar with the president’s stock market obsession, citing Trump’s touting of a recent agreement to hold off on increased tariffs after a dinner with Chinese President Xi Jinping. “What he agreed to after that dinner had basically been on the table for two years. He knew he had to give Wall Street something.” Both markets and Trump are fixated on the Federal Reserve this week, with the central bank expected to … [Read more...] about Trump can’t have his tariffs and the stock market too
Undeclared secrets that drive the stock market
The U.S. economy is growing at the fastest rate in three years, unemployment is at record lows and consumers are feeling confident. So why are stock markets cratering? It's not unusual for markets to move in a different direction from other economic indicators, like business hiring or GDP. But for some on Wall Street, the third-quarter GDP report released on Friday was the latest in a string of mixed signals that show the economic expansion has peaked and could start slowing as early as next year. The majority of stocks in the S&P 500 are down 10 percent or more from their recent highs. Even allowing that the stock market doesn't predict the future, prolonged see-sawing of share prices could have a negative effect on consumers and businesses, dragging down growth that way. Here's why that matters. GDP fundamentally reflects events that have already happened in the economy: Goods that have been purchased and investments that have been made. Financial markets, on the other hand, … [Read more...] about How the stock-market drop could drag down the U.S. economy
Aston Martin valued at £4.33bn as luxury carmaker drives to stock market BelfastTelegraph.co.uk Aston Martin has priced its stock market flotation at £19 a share, giving the luxury carmaker a valuation of £4.33 billion. https://www.belfasttelegraph.co.uk/news/uk/aston-martin-valued-at-433bn-as-luxury-carmaker-drives-to-stock-market-37379858.html https://www.belfasttelegraph.co.uk/news/uk/article37379859.ece/1c2b1/AUTOCROP/h342/bpanews_ceb78ac3-ee1a-4d77-94b7-e17c5dfb533a_1 Email Aston Martin has priced its stock market flotation at £19 a share, giving the luxury carmaker a valuation of £4.33 billion. The listing will see investors Investindustrial, Adeem Investments, Primewagon and senior management bank more than £1 billion between them as the firm floats 25% on the London Stock Exchange. It comes after Aston Martin cut the top end of its initial public offering price range earlier this week, meaning the company looks set to be kept out of the … [Read more...] about Aston Martin valued at £4.33bn as luxury carmaker drives to stock market
NEW YORK— The longest bull market run in American history could get killed off by a financial collapse in Turkey, a policy mistake by the Federal Reserve or a plain old economic recession. It will probably not be slain by an impeachment of President Donald Trump. That’s the consensus view of Wall Street traders and money managers, who say that while an ugly impeachment fight might cause temporary volatility, markets could easily survive an impeachment and even the unlikely event that Trump is removed from office in a Senate trial. In fact, Wall Street pros often talk about a potential relief rally if Trump departs the White House early. The underlying economy would remain strong and a hypothetical President Mike Pence would likely continue Trump’s policy of low taxes and fewer regulations without all the wild tweeting and investigations and persistent trade wars. Trump loves to bask in the stock market advance under his presidency. “I’m not sure the market … [Read more...] about No, impeachment will not crash the stock market
Faced with new political turmoil, President Donald Trump warned in a television interview broadcast Thursday that the economic consequences of his impeachment would be dire. Which raises the question: is that possible or likely? - What did Trump say? - His comments came on the heels of Tuesday's conviction of Trump's former campaign chief Paul Manafort and a guilty plea by his former attorney Michael Cohen. The double-whammy events have boosted speculation that Trump could be impeached, especially if Democrats dominate the congressional elections in November. "I will tell you what, if I ever got impeached, I think the market would crash. I think everybody would be very poor," Trump said in an interview on Fox network. - Is Trump right? - Analysts were skeptical, viewing his statements as hyperbolic. Still, they said there could be a hit to the stock market if Trump faced impeachment. CFRA chief investment strategist Sam Stovall predicted stocks could fall five-10 percent, or even up … [Read more...] about Will the stock market crash if Trump is impeached?