Economy

Source: Reuters

Oil falls as China lockdown, U.S. unemployment data temper gains

Reuters


LONDON – Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and U.S. plans for a large stimulus …

Source: Reuters

U.S. December deficit hits $144 billion, record for the month

Reuters


WASHINGTON – The U.S. government posted a December budget deficit of $144 billion – a record for the month – due to far higher outlays with coronavirus relief spending and unemployment benefits, while revenues ticked slightly higher, the Treasury …

January 13, 2021 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: Fox Business

10-year Treasury yield jumps above 1%, here’s why it may not spike further

Fox Business


Investors are piling into the safety of U.S. government debt, pushing the yield on the 10-year Treasury note above 1% for the first time since March of 2020.

10-YEAR YIELD HITS 1.047%

With the Democrats moving to …

January 6, 2021 - 2:30 pm Closing Bell Story‎, Economy, Finance
Source: Reuters

In pandemic, Fed showed its muscle in markets still matters

Reuters


The U.S. Federal Reserve’s response to the coronavirus pandemic began on Feb. 28 with a 44-word statement of faith in the economy from Chair Jerome Powell, an old-school measure aimed at calming nosediving financial markets.

Within weeks, though, its …

December 29, 2020 - 2:00 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: CNBC

Fed raises its economic outlook slightly, sees 4.2% growth next year and 5% unemployment rate

CNBC


The Federal Reserve dialed up its economic expectations slightly for the end of this year as well as for 2021, according to the central bank’s Summary of Economic Projections released on Wednesday.

The central bank now expects real gross

December 16, 2020 - 3:00 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

U.S. import prices inch up in November

CNBC


U.S. import prices rebounded less than expected in November as an increase in the cost of petroleum products was offset by cheaper food and motor vehicles, supporting views that inflation could remain moderate amid a resurgence in new Covid-19 …

December 15, 2020 - 3:30 pm Closing Bell Story‎, Economy
Source: Reuters

U.S. producer prices rise moderately; COVID-19 seen taming inflation

Reuters


WASHINGTON  – U.S. producer prices barely rose in November, supporting views that inflation would remain benign in the near term as a flare-up in new COVID-19 infections restrains the labor market and demand for services.

While other data on …

December 11, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Energy News Beat: #169 – 11/30/2020 – Hosted by Michael Tanner

Energy News Beat: #169 – 11/30/2020 – Hosted by Michael Tanner

Investors sell off and take profits from a historically strong November.  Major indices down overalls with tech stocks turning green rolling into the end of the session.

  • S&P 500: -0.63%
  • Nasdaq:  0.01%
  • Dow Jones: -1.30%

Market sentiment took a hit

Energy News Beat: #168 – 11/27/2020 – Hosted by Michael Tanner

Energy News Beat: #168 – 11/27/2020 – Hosted by Michael Tanner

Half day for traders leads to small rally in the equities markets, with each major indice up over 0.25%. On Thanksgiving Day, online sales rose to a record $5.1 billion, according to Adobe Analytics.

  • S&P 500: 0.25%
  • Nasdaq:  0..83%
Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

Energy News Beat #167: 11/25/2020

 

Slow day in the markets (50% drop in volume) leads to a slumping of major indices as traders (who are still trading…) react to not ideal unemployment data.  The 30-stock Dow slid 136 points,

Energy News Beat: #166 – 11/24/2020 – Hosted by Michael Tanner

Energy News Beat: #166 – 11/24/2020 – Hosted by Michael Tanner

30,000 DOW JONES!!!!!!!! Pour the champagne, crack that beer its all time highs amid surging cases in COVID-19, but markets enjoy positive bullish vaccine and easing of worries of a transfer of power issues

  • S&P 500: 1.63%
  • Nasdaq:  1.44%
  • Dow
Energy News Beat: #165 – 11/23/2020 – Hosted by Michael Tanner

Energy News Beat: #165 – 11/23/2020 – Hosted by Michael Tanner

Stocks up higher after yet another positive vaccine announcement, this time from AstraZeneca and Oxford.  The Dow Jones traded 218 points higher, or 0.5%. The S&P 500 gained 0.3%

  • S&P 500: 0.50%
  • Nasdaq: -0.06%
  • Dow Jones: -0.05%

On Monday, Goldman

Source: CNBC

JPMorgan becomes first major bank to say first-quarter GDP will decline because of Covid surge

CNBC


JPMorgan economists now see an economic contraction in the first quarter due to the spreading coronavirus and related restrictions being imposed by states and cities.

The new forecast is a departure from Wall Street’s widely held view that the …

November 20, 2020 - 3:00 pm Closing Bell Story‎, Economy, Finance
Energy News Beat: #164 – 11/20/2020 – Hosted by Michael Tanner

Energy News Beat: #164 – 11/20/2020 – Hosted by Michael Tanner

Flat day for the markets as both bears and bull hold market in check with major indices holding flat for the day. On Thursday, over 180,000 confirmed cases of COVID-19 were recorded, bring the new 7-day average up over 160,000,

Energy News Beat: #163 – 11/19/2020 – Hosted by Michael Tanner

Energy News Beat: #163 – 11/19/2020 – Hosted by Michael Tanner

Energy News Beat: #162 – 11/18/2020 – Hosted by Michael Tanner

Energy News Beat: #162 – 11/18/2020 – Hosted by Michael Tanner

Pullback day for the market fresh off all time highs, traders used today to collect some profits, with major indices slumping.  $ES roll flat while $NQ trades slightly in the green after Amazon launch pharmacy business

  • S&P 500: -0.33%
  • Nasdaq:
Energy News Beat: #161 – 11/17/2020 – Hosted by Michael Tanner

Energy News Beat: #161 – 11/17/2020 – Hosted by Michael Tanner

Pullback day for the market fresh off all time highs, traders used today to collect some profits, with major indices slumping.  $ES roll flat while $NQ trades slightly in the green after Amazon launch pharmacy business

  • S&P 500: -0.33%
  • Nasdaq:
Energy News Beat: #160 – 11/16/2020 – Hosted by Michael Tanner

Energy News Beat: #160 – 11/16/2020 – Hosted by Michael Tanner

More positive vaccine news, this time from Moderna, lift markets green and sending energy stocks soaring.  The Dow Jones Industrial Average added 356 points, or 1.2%, and reached an intraday record. The S&P 500 rose 0.8% and the Nasdaq Composite

Energy News Beat: #159 – 11/13/2020 – Hosted by Michael Tanner

Energy News Beat: #159 – 11/13/2020 – Hosted by Michael Tanner

Market sentiment back bullish as traders eye these new vaccines as a way to curb what are now rising COVID-19 in the US. “This week’s positive vaccine news is a game-changer in our view, as it allows the market to

Energy News Beat: #158 – 11/12/2020 – Hosted by Michael Tanner

Energy News Beat: #158 – 11/12/2020 – Hosted by Michael Tanner

Stocks turn red amid rising COVID-19 cases, with Wednesday breaking a new record with over 140,000 confirmed cases. On the data front, initial weekly jobless claims fell last week to 709,000 from 757,000 in the prior week, the Labor Department

Energy News Beat: #157 – 11/11/2020 – Hosted by Michael Tanner

Energy News Beat: #157 – 11/11/2020 – Hosted by Michael Tanner

Tech stocks lead the way today as investor buy back shares of larger tech companies dragged down by the recent news of a coming vaccine.  Apple gained 3%. Netflix climbed 1.1%. Facebook and Amazon rose 1.1% and 3%, respectively. Alphabet

Energy News Beat: #156 – 11/10/2020 – Hosted by Michael Tanner

Energy News Beat: #156 – 11/10/2020 – Hosted by Michael Tanner

Rotations happening among the major indices as Dow Jones (composite of the top 30 capitalized companies) gains over 1% while other indices drop, with large losses in NQ, down over .5%

  • S&P 500: -0.07%
  • Nasdaq: -1.7%
  • Dow Jones: 4.5%

Amazon

Source: CNBC

U.S.-China trade tensions won’t be going away under Biden’s administration

CNBC


BEIJING — U.S.-China trade tensions are set for more predictability after Joe Biden’s presidential win — which likely means calmer rhetoric in a continued tough stance on Beijing.

Following years of brewing U.S. complaints about unfair business practices …

November 9, 2020 - 3:30 pm China, Closing Bell Story‎, Economy, Political News
Energy News Beat: #155 – 11/9/2020 – Hosted by Michael Tanner

Energy News Beat: #155 – 11/9/2020 – Hosted by Michael Tanner

Stock up HUGE amid Pfizer and BioNTech announcing a vaccine for COVID19 that is 90% effective. Major indices hit all time highs, notably the S&P 500 and Dow Jones, NQ finishes flat (Zoom down BIG) as the pullback from the

Fed Chair Powell: Wearing masks will help bring U.S. economy back

Fed Chair Powell: Wearing masks will help bring U.S. economy back

CNBC


Federal Reserve Chairman Jerome Powell reiterated on Wednesday that the economic recovery is dependant on how the country handles the coronavirus pandemic.

“As we have emphasized throughout the pandemic, the outlook for the economy is extraordinarily uncertain, and will …

November 6, 2020 - 3:30 pm Closing Bell Story‎, Economy
Energy News Beat: #154 – 11/6/2020 – Hosted by Michael Tanner

Energy News Beat: #154 – 11/6/2020 – Hosted by Michael Tanner

Stock up HUGE amid Pfizer and BioNTech announcing a vaccine for COVID19 that is 90% effective. Major indices hit all time highs, notably the S&P 500 and Dow Jones, NQ finishes flat (Zoom down BIG) as the pullback from the

Energy News Beat: #153 – 11/5/2020 – Hosted by Michael Tanner

Energy News Beat: #153 – 11/5/2020 – Hosted by Michael Tanner

Day three of the US presidential election leads to another rally in markets as the projected blue wave seems to have sputtered out.  With a predicted split Presidential/Senate/House, markets run wild

  • S&P 500: 2.9%
  • Nasdaq: 4.55%
  • Dow Jones: 2.36%

Oil

Source: CNBC

U.S. trade deficit falls to $63.9 billion in September

CNBC


The U.S. trade deficit fell in September after hitting a 14-year high the previous month as exports outpaced imports.

The gap between what the U.S. sells and what it buys abroad fell to $63.9 billion in September, a decline …

November 4, 2020 - 2:00 pm Closing Bell Story‎, Economy
Energy News Beat: #151 – 11/4/2020 – Hosted by Michael Tanner

Energy News Beat: #151 – 11/4/2020 – Hosted by Michael Tanner

Day two of the US presidential election leads to another rally in markets as the projected blue wave seems to have sputtered out.  Even with a projected President Biden, the Senate looks to stay red which is generally supportive of

Energy News Beat: #151 – 11/3/2020 – Hosted by Michael Tanner

Energy News Beat: #151 – 11/3/2020 – Hosted by Michael Tanner