China says it will "never go" as US trade heats up: morning briefing



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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Monday, May 13, 2019"data-reactid =" 15 ">Monday, May 13, 2019

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Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Another wave of reports on earnings and the spread of economic data try to pull home the concerns of escalating trade tensions that continue to to weigh on the markets. & nbsp;US equity futures have slipped& nbsp; Early Monday morning. "data-reactid =" 18 "> Another wave of earnings reports and economic data releases will try to dispel fears of rising trade tensions that continue to weigh on the markets. slipped early Monday morning.

The Commerce Department's release of April advance retail data on Thursday will be a central part of this week's economic calendar as investors look for signs that consumer spending – most of the economy national – are on the rise.

Consensus economists expect retail sales to rise 0.2% from one month to the next in April, and measures excluding volatile categories in sales of 39, automobiles and gas rose 0.9%.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Meanwhile, the United States & nbsp;largest retailer& nbsp; publish its quarterly results, which will provide an additional indication of the health of US consumers and the companies that process them. "data-reactid =" 21 "> The largest US retailer will release quarterly results, which will provide another indication of the health of US consumers and the companies that treat them.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Walmart (WMTAnnounces First Quarter Results of Fiscal Year Prior to Market Opening Thursday, Consensus Analysts Expect Retail Giants to Earn Adjusted Earnings of $ 1.02 Per Share turnover of 125.04 billion USD. The company turned to lower operating income and 12-month adjusted EPS in the first quarter, due in part to its weaker & nbsp;Acquisition of $ 16 billion from Indian company e-commerce Flipkart, which loses money. However, Walmart expects to see both indicators recover by the end of the year. "Data-reactid =" 22 "> Walmart (WMT) announces its first quarter results of its fiscal year before the market opens on Thursday, while consensus analysts expect a growing success. Adjusted earnings of $ 1.02 per share for a business turnover of $ 125.04 billion The company is headed for a year-on-year decline in operating income and first quarter adjusted EPS, in part due to its $ 16 billion acquisition Flipkart, an online trading company.However, Walmart expects to see both statistics recover through the end of the year.

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A truck drives near containers on Friday, May 10, 2019, at Tacoma Harbor in Tacoma, Washington. US and Chinese negotiators resumed trade talks on Friday under mounting pressure after President Donald Trump raised tariffs on $ 200 billion worth of Chinese goods and Beijing promised to fight back. (AP Photo / Ted S. Warren)

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "China says it will "never go" as US trade warmsChina will never give in to external pressure, the government said Monday, without announcing Beijing's reaction after Washington renewed its threat to impose tariffs on all Chinese imports in a growing trade dispute. [Reuters]"data-reactid =" 36 ">China says it will "never go" as US trade warmsChina will never give in to external pressure, the government said Monday, without announcing Beijing's reaction after Washington renewed its threat to impose tariffs on all Chinese imports in a growing trade dispute. [Reuters]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The world of crypto goes down to New York while bitcoin makes return: Cryptocurrency entrepreneurs and investors from around the world gather in New York this week for one of the biggest events in the industry. The conference is set against the backdrop of a recovery in cryptocurrency prices this year. Bitcoin (BTC-USDhas grown by more than 80% since the beginning of the year, making it "one of the strongest asset classes in 2019," Simon Peters, an analyst at eToro, said on Friday. trading. [Yahoo Finance UK]"data-reactid =" 37 ">The world of crypto goes down to New York while bitcoin makes return: Cryptocurrency entrepreneurs and investors from around the world gather in New York this week for one of the biggest events in the industry. The conference is set against the backdrop of a recovery in cryptocurrency prices this year. Bitcoin (BTC-USD) has increased more than 80% since the beginning of the year, making it "one of the strongest asset classes since 2019," said Friday. Simon Peters, an analyst at eToro, on the trading platform. [Yahoo Finance UK]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Ford will announce up to 550 job losses & # 39; UK: Ford (F) plans to significantly reduce its white-collar workforce in the UK, and an announcement is expected in a few weeks. [Yahoo Finance UK]"data-reactid =" 38 ">Ford will announce up to 550 job losses & # 39; UK: Ford (F) plans to drastically reduce its white-collar workforce in the UK, with an announcement expected in a few weeks. [Yahoo Finance UK]

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Uber shares fall for second day in US markets prior to commercializationThe portage giant dropped 2.1% to $ 40.70 at 5:15 pm New York time in trading before the US stock markets opened. Uber based in San Francisco (UBER) sold 180 million shares at $ 45 each on Thursday, and on Friday he never traded above that price, ending the day down 7.6% to $ 41.57 then same as the other actions were progressing. "data-reactid =" 39 ">Uber shares fall for second day in US markets prior to commercializationThe portage giant dropped 2.1% to $ 40.70 at 5:15 pm New York time in trading before the US stock markets opened. Uber (UBER), a San Francisco-based company, sold 180 million shares at $ 45 each Thursday. It has never been sold above this price, closing the day down 7.6% to 41.57 USD, despite the rise in other shares.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Also: SoftBank's market value slips $ 9 billion as the initial public offering of Uber's savings collapses [Bloombberg]"data-reactid =" 40 ">Also: SoftBank's market value slips $ 9 billion as the initial public offering of Uber's savings collapses [Bloombberg]

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