May wasn't a good month for China. Industrial output rose 5% from a year earlier but slower than the 5.4% in April. Also lower than the 5.5% forecast. "In the first five months, the investment in fixed assets (excluding rural households) was 21,755.5 billion yuan, a year on year growth of 5.6 percent, or 0.5 … Continue reading China Economic Weakness
Apple's Tim Cook said "currently the Chinese have not targeted Apple at all. And I don't anticipate that happening, to be honest." "I'm hoping that doesn't happen. And I don't anticipate it happening. I know people think the iPhone is made in China," Cook said. "The iPhone is assembled in China. The truth is, the … Continue reading Apple Free of China?
No end in sight for the U.S.-China trade war means volatility for the markets. Tech stocks are leading the way down... Qualcomm continues to fall, nothing new has come out since yesterday but it seems the market is starting to digest all this information. They were suffering from the Huawei blacklist to begin with, then … Continue reading Trade War Continues
Although said to be coincidental, the timing of the Huawei blacklist has put added pressure on China during the escalating trade war. The U.S. Commerce Department opened a relief valve announcing Monday it had granted a 90-day license for mobile phone companies and internet broadband providers to work with Huawei to keep existing networks online … Continue reading Huawei at the Center of Trade Issues
The U.S. markets dropped today as the blacklist of Huawei and 26 of its affiliates went into effect on Friday. I thought we knew this already... The big pain for Huawei has got to start with Alphabet halting most of it's relations. Huawei counts on Alphabet to supply it's operating system for it's phones. Huawei … Continue reading Huawei Blacklisted
China struck back Monday by hiking tariffs on $60 billion worth of imported American goods. Over 4,000 items are affected, most of which will carry tariffs of 25%, up from 10%. Items include cotton, machinery, grains, and aircraft parts. The Dow fell by more than 600 points(-2.38%) in response. The S&P was down 2.41% and … Continue reading Trade War in Partial Effect
The Trade Desk reported $0.49 per share handily beating estimates of $0.25 a share. Revenue also beat, $121 million vs $117 million expected. Revenue grew 41.2% year over year. They also raised guidance! The company said it expects second quarter revenue of approximately $154.0 million and now expects 2019 revenue of at least $645.0 million. … Continue reading The Trade Desk… Not a Good Day to be in Bed with China
And the market suffers. President Trump said he will increase tariffs on $200 billion in Chinese imports from 10% to 25% starting Friday. The reason cited was an "erosion in commitments by China" said U.S Trade Representative Robert Lighthizer. The problem is China doesn't care what the reason is. They will most likely counter the … Continue reading Trade Talks Escalate
China's Factories Power On for the First Time in Four Months A resolution to the China-U.S. trade dispute is still in the works, but China’s manufacturing sector just returned to growth for the first time in four months, a sign that its government’s economic stimulus appears to be working. Both the private Caixin and official … Continue reading China
