[ad_1]
Here are five things to know for Monday, August 19th:
1. – Futures are rising, while Trump says the US and China are talking
US equity futures rose on Monday after Donald Trump said the US and China were "talking", while stating that he did not want to do business "at all" with Chinese Huawei Technologies because it was a threat to national security.
Dow Jones Industrial Average contracts increased by 240 points, S & P 500 futures contracts by 26 points and Nasdaq futures contracts by 77.75 points.
"We speak very well with China!" tweeted the president, who later declared that the US economy "is by far the best in the world.The lowest unemployment rate ever recorded in almost all categories.Loan for strong growth after the conclusion of # 39; trade agreements. Import prices fall, China eats tariffs. Farmers big money from the incoming fare. A great future for the United States! "
Trump also said that Apple's CEO Tim Cook had explained how tariffs could hurt the iPhone maker.
As South Korea, Samsung, would not see its competing electronic products subject to tariffs, the import tax could hurt Apple, Cook told Trump, according to Reuters.
"I thought he had made a very compelling argument, so I think about it," Trump said.
At the same time, Trump reportedly told reporters Sunday that Huawei was a "threat to national security," just a day after news reports that Huawei would get a three-month extension on a key license allowing it to buy parts from American companies.
The current agreement is due to end on Monday.
Larry Kudlow, chief economic adviser to the White House, on Sunday referred Trump's reflections on the news, dismissing fears of an imminent recession, while saying that telephone discussions would continue between officials in Beijing and Washington.
Trump also dismissed his concerns over a recession. "I do not think we're going to have a recession," he told reporters as he was returning to Washington from his New Jersey golf club. "We are doing extremely well."
2. – Retailers will open their books this week
Estee Lauder (EL – Get Report), Baidu (BIDU – Get Report), Red Robin Gourmet Burgers (RRGB – Get Report), Weibo (WB – Get Report) and Sina (SINA – Get Report) are expected on Monday. Later in the week, reports will be published on Home Depot (HD – Get a Report), Lowe (LOW – Get a Report), Salesforce.com (CRM – Get a Report), Kohl's (KSS – Get a report), TJX Cos. (TJX – Get Report), Nordstrom (JWN – Get Report) and Target (TGT – Get Report).
Home Depot, Salesforce and Kohl's are stakes in Action Alerts PLUS member club Jim Cramer. Do you want to be alerted before Jim Cramer buys or sells the shares? Learn more now
3. – The Federal Reserve in the honor
Many things from the Federal Reserve this week. The minutes of the July meeting of the Federal Open Market Committee will be made public on Wednesday, when the US central bank lowered interest rates for the first time in eleven years, while Thursday would be marked on Thursday. beginning of the Jackson Hole Economic Policy Symposium in Jackson. Hole, Wyoming.
Fed Chairman Jerome Powell is scheduled to speak Friday at Jackson Hole. During this event, he will deliver a speech on "The challenges of monetary policy".
Wall Street will monitor the FOMC minutes and Powell's comments to Jackson Hole, hoping to get clues about the Fed's next move.
4. – The blocking period of Lyft ends on Monday
Lyft (LYFT) revealed last week that its share of "blocking period" would end Monday, about a month earlier than expected by some analysts.
The company went public on March 29 at $ 72 the action. The lock-up period, when the underwriters agree not to sell their shares, is generally 180 days.
"We and subscribers may release certain shareholders from the lock-up agreements or lock-up agreements before the end of the lock-up period," the company said in a regulatory document dated August 13.
Lyft's shares rose 0.5% in pre-sale trading to $ 52.75. The stock has decreased by 2.45% in the last three months.
5. – Mastercard establishes its own cryptocurrency team
Mastercard (MA – Get Report), Facebook partner (FB – Get Report) on the social media giant's Libra cryptocurrency announced in June, is setting up its own cryptocurrency team, reported New York Post.
"Do you have the desire to work at the crossroads of payments and encrypted currencies?", Asks Mastercard in a recruitment list. Those hired will "monitor trends in the cryptocurrency ecosystem" and "develop new products and solutions".
Mastercard does this because "she wants to be known more than just a card company, she wants to be a technology company," CreditCards.com analyst Ted Rossman told The Post.
Bill Hardekopf, CEO of LowCards.com, told the Post that Mastercard "sees that there is a lot of activity in this area. Even if it will not offer its own cryptocurrency, they know that it's important that people understand the subject. "
Mastercard and Facebook are assets of Action Alerts PLUS member club Jim Cramer. Do you want to be alerted before Jim Cramer buys or sells the shares? Learn more now
[ad_2]
Source link