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A reporter from Russia’s Interfax news agency asked about German’s plan to build the Nord Stream 2 gas pipeline.
Trump says Putin is a “good competitor.”
“We will be competing when you talk about the pipeline,” says Trump.European stocks other than Germany start down for the week
France’s CAC down -0.29%
German Dax rose 0.27%
Italy FTSE MIB fell -0.32%
Portugal PSI20 unchanged
Spain Ibex fell -0.17%
UK FTSE fell -0.83%European 10 Yr Gov’t Paper Closes:
France 0.653%, up 3.4 bps
Germany 0.367%, up 2.7 bps
Italy 2.577%, up 2.6 bps
Portugal 1.783%, up 4.9 bps
Spain 1.28%, up 1.7 bps
UK 1.286%, up 1.4 bpsAtlanta Fed GDPNow 4.5% vs. 3.9% last
Consumer and government spending pushed the forecast higher.
“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.5 percent on July 16, up from 3.9 percent on July 11. The nowcast of second-quarter real consumer spending growth increased from 2.7 percent to 3.1 percent after this morning’s retail sales report from the U.S. Census Bureau. The nowcast of second-quarter real federal government spending growth increased from 1.4 percent to 5.6 percent after the Monthly Treasury Statement release on Thursday, July 12, from the U.S. Department of the Treasury’s Bureau of the Fiscal Service.”
[size=5][color=green][b]Dow Jones 25,064.36 +44.95 (0.18%)
[color=red]S&P 500 2,798.43 −2.88 (0.10%)
Nasdaq 7,805.72 −20.26 (0.26%)
Russell 2000 1,678.54 −8.54 (0.51%)
NYSE Composite 12,748.78 −20.73 (0.16%)US Industrial production for June 0.6% vs 0.5% expectations
Capacity Utilization 78.0% vs. est 78.3Industrial production was revised to -0.5% from -0.1% previously
capacity utilization was revised lower to 77.7% from 77.9%US manufacturing output rose 0.8% versus expected 0.7%. Prior month revised to -1% from -0.7%
Industrial production advanced at an annual rate of 6.0 percent, its third consecutive quarterly increase.
The production of motor vehicles and parts rebounded last month after truck assemblies fell sharply in May because of a disruption at a parts supplier.Factory output, aside from motor vehicles and parts, increased 0.3 percent in June.
At 107.7 percent of its 2012 average, total industrial production was 3.8 percent higher in June than it was a year earlier.Nasdaq Impressive bounce – shrugs off $NFLX and trades at a new record high by 43 points or 0.56%
Netflix has bounced from a low of $344 to bounce to $380 plusNo fear in this market just yet
Powell Turnaround Tuesday:
S&P index rose 11.30 points or 0.40% at 2809.71 with a high of 2814.19 from low of 2789.24
Nasdaq rose 49.298 points or 0.63% at 7855.11 with a high of 7867.14 from low of 7749.60
Dow rose 55.53 points or 0.22% at 25119.89 with a high of 25155.36 from low of 24989.61.Big winners today included:
Tesla up 4.06%
Johnson & Johnson up 3.58%
Schwab up 3.56%
Broadcom up 2.49%
Nvidia up 2.21%
Dow DuPont, +2.08%
Adobe up 1.43%
Facebook up 1.33%
Alphabet up 1.26%
Amazon of 1.18%Big losers today:
Netflix -5.24%
United health -2.5%
Deutsche Bank -2.27%
IBM, -1.35%
Wells Fargo, -0.74%
Intel -0.50%.[color=purple][b]^^^ +1 ….THANK YOU to our sleepless subject matter expert & author for great finishing BELL close analysis 🙂
The deer & I were hunkered down in the BUNKERS — not knowing what media-swamp complex might launch at us next – lol 😉 :woohoo: We are in wild wild times on Mandela’s 100th birthday .8)
President had great clarification speech today & even corrected some errors … I think it’s great to reduce nukes, get along better, and even get them back in mainstream with good behavior with the good old “trust but verify” axiom[/b][/color]
[color=red][b]OHHH the humanity … EU fines GOOGLE for over $5 BILLION :woohoo: … so that’s how those rascals make $$$ 😉
https://finance.yahoo.com/news/google-said-fined-record-5-140508649.html%5B/b%5D%5B/color%5DUS MBA mortgage applications w/e 13 July -2.5% vs +2.5% prior
Purchase index 247.9 vs 261.5 prior
Market index 363.3 vs 372.6 prior
Refinancing index 979.6 vs 958.5 prior
30-year mortgage rate 4.77% vs 4.76% priorHousing starts and building permits fall to nine-month low
US June housing starts 1173K vs 1320K expected, Prior 1337K
Starts -12.3% vs -2.2% expected
Building permits 1273K vs 1330K expected
Permits -2.2% vs +2.2% expected
Prior permits 1301K
Single family home starts -9.1%
Single family permits +0.8%[color=purple][b]I’m afraid to even turn on TV, radio, or online news for the next development 😉
and #45 had definitely put some tough things in place for Russia – as real actions have been taken :whistle:as I learned in my college years — we are in TIER 1 of Abraham Maslow’s hierarchy of needs :ohmy:
PURE SURVIVAL for end of day :woohoo: :woohoo: :woohoo: :woohoo: :woohoo:
and overshadows equities, bonds, FED, or OIL these days – lol 😉
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