Archive for October, 2018

Market News and Commentary – Wall Street Underground

The Fake News Media, The True Enemy Of The People, Must Stop The Open & Obvious Hostility & Report The News Accurately & Fairly . Two big credit-card issuers tighten lending standards amid robust economy: WSJ. Trump: ‘We’re going to build tent cities (AKA concentration camps) to house ‘caravan’ migrants who apply for asylum. Trump [...]

Market News and Commentary – Wall Street Underground

U.S. Mail Bombs: Cesar Sayoc Charged After Campaign Against Trump Critics . S&P 500 ends at lowest since May as tech, internet stocks tumble. Stocks could rally 20% after this bruising rout, says Guggenheim’s Minerd — after that, watch out. Fitch says it no longer assumes Britain will get a smooth Brexit. U.S. economy grew [...]

Market News and Commentary – Wall Street Underground

Paul Volcker, At 91, Sees ‘A Hell Of A Mess In Every Direction’ . U.S. fund investors pull most cash since June from stocks: Lipper. Netflix’s new $2 billion in borrowing raises Wall Street eyebrows. Trump: Migrant caravan contains gang members and terrorists. Counterterrorism official contradicts Trump: No sign ISIS or ‘Sunni terrorist groups’ are [...]

Radio Free Wall Street – Wall Street Underground

The Caravan Is Coming . Trump wants to call out the military. They wish you no harm and the truth is they should be granted asylum. We talk about this in today’s Radio Free Wall Street. . Radio Free Wall Street’s daily webcast for October 22nd has been posted. Click here to listen now. . [...]

Market News and Commentary – Wall Street Underground

Pat Robertson: Khashoggi Isn’t Worth Damaging U.S.-Saudi Relations . Fed plans to keep hiking interest rates despite Trump blowback. U.S. eyes more Venezuelan sanctions, but oil on backburner: U.S. official. Oil could fall further on rising U.S. supplies, says internal secret OPEC report. Investors are growing increasingly anxious about China. Italy’s debt crisis thickens. Goldman [...]

Market News and Commentary – Wall Street Underground

As Khashoggi Crisis Grows, Saudi King Asserts Authority, Checks Son’s Power . Kelly, Bolton get in profane shouting match outside the Oval Office. Trump threatens to send MILITARY to seal southern border. U.S. existing home sales plunge to nearly three-year low in September. Julian Assange: Wikileaks co-founder takes legal action against Ecuador. Rosenstein defends Mueller [...]

Market News and Commentary – Wall Street Underground

Trump Tells AP He Won’t Accept Blame If GOP Loses House . Jamal Khashoggi’s killing took seven minutes, Turkish source tells MEE. Trump: ‘That would be bad’ if ‘great ally’ Saudis tied to Khashoggi’s alleged murder. Trump widens Fed critique, calls it ‘my biggest threat.’ Oil prices slump after large increase in U.S. stocks. U.S. [...]

Market News and Commentary – Wall Street Underground

Maher: Trump ‘Sounds Like He’s Setting Up’ Martial Law . Italy must ‘calm down’ and stop questioning the Euro: Draghi. Biden: Trump is ‘trashing American values.’ Trump speaks to Saudi King, sends Pompeo for follow-up. Sears files for Chapter 11 bankruptcy in attempt to keep stores open for now. U.S. retail sales are soft for [...]

Market News and Commentary – Wall Street Underground

Dow Tumbles Over 500 Points, Bringing 2-Day Losses To More Than 1,300 Points . America’s obesity is threatening national security, according to this study. Oil supply and demand reach record 100 million barrels a day. May vows she will NEVER sign up to a Brexit deal that traps the UK in the customs union ‘permanently.’ [...]

Market News and Commentary – Wall Street Underground

Trump Says Fed ‘Has Gone Crazy’ Following Stock Market Selloff . Report: Saudi Crown Prince ordered detention of journalist critic. UK surveyors see weakest house price outlook since Brexit vote – RICS. Manufacturers fighting Trump’s tariffs. Leaked Google research shows company grappling with censorship and free speech. Trump briefed on stock market sell-off: Sears prepares [...]

Market News and Commentary – Wall Street Underground

‘Extremely Dangerous’ Hurricane Michael Strengthens To Category 4 Storm . Fed’s Kaplan says he doesn’t expect a sudden spike in inflation. Haley announces she is resigning as UN Ambassador, says U.S. is respected again. Sales down 18% at VW, latest auto maker dented by emissions rules. Trump criticizes Fed rate increases again. Global financial stability [...]

Market News and Commentary – Wall Street Underground

The Trump Administration Just Escalated Its High-Stakes Competition With China . Colin Powell rips Trump on immigration, NATO, anti-press rhetoric. Russian official tied to Trump Tower meeting dies in helicopter crash. U.S. tariffs on China aren’t a short-term strategy. Brett Kavanaugh sworn in as U.S. Supreme Court justice. Donald Trump: Women ‘are extremely happy’ with [...]

Market News and Commentary – Wall Street Underground

Tech Stocks Tumble As Market Momentum Stalls . Job growth slumps in September, but the unemployment rate hits the lowest level since 1969. Top U.S. admiral warns of Russian submarine threat. Ford to cut jobs as it reorganizes salaried workforce. Netflix is down 15% from its high, and there could be more pain ahead. Consumer [...]

Market News and Commentary – Wall Street Underground

Wall Street Stumbles As Bond Yield Climb Continues . Dow falls the most in 2 months on fears of rising rates as 10-year yield hits highest since 2011. The big hack – China used a tiny chip to infiltrate U.S. companies. Zuckerberg faces anger over Facebook executive’s Kavanaugh support. Oil markets could witness modest surplus [...]

Market News and Commentary – Wall Street Underground

Exclusive: Saudi Arabia, Russia Agreed In September To Lift Oil Output, Told U.S. . Fed’s Powell sees ‘remarkably positive outlook’ for economy that may be ‘too good to be true.’ This bull market run has echoes of the late 1920s, Nobel Prize-winning economist Shiller says. U.S. Gross National Debt jumps by $1.27 trillion in fiscal [...]

Market News and Commentary – Wall Street Underground

New Reports Question Kavanaugh’s Credibility On Past Drinking Behavior, When He Knew About Allegations . Iranian missile strike called a warning to U.S. military in Syria. Unraveling a Tesla mystery: Lots (and lots) of parked cars. Tax cuts provide limited boost to workers’ wages. Too much oil? Texas boom outpaces supply, transport networks. Ryanair warns [...]

Market News and Commentary – Wall Street Underground

Trump Hails ‘Great Deal’ On US-Canada-Mexico Trade . OPEC ‘powerless to prevent’ oil prices jumping toward $100 a barrel this year. Merkel warns Trump against ‘destroying’ UN. Saudi shelves $200 billion SoftBank Solar project: WSJ. Trump says he and Kim Jong Un ‘fell in love,’ praises relationship with North Korea. Yale classmate says Kavanaugh misled [...]