Market News and Commentary – Wall Street Underground

By Nick Guarino | October 5, 2018

Tech Stocks Tumble As Market Momentum Stalls

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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 credit grows $20.1 billion in August, fastest pace in three months. Mattress Firm is about to close more than 200 stores. Canadian crude hits record low vs. U.S. amid pipeline bottlenecks. British stocks posts biggest weekly drop in six months on strong U.S. jobs report. Oil prices mark weekly gain ahead of Iran sanctions. Gas fracking to start in England next week after seven-year halt. These stories and more in today’s Market News and Commentary.

Market News and Commentary for October 5th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | October 4, 2018

Wall Street Stumbles As Bond Yield Climb Continues

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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 into early 2019. Oil prices rise on Iran sanctions, outlook uncertain. Germany says no-deal Brexit not in UK, EU or German interests. These stories and more in today’s Market News and Commentary.

Market News and Commentary for October 4th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | October 3, 2018

Exclusive: Saudi Arabia, Russia Agreed In September To Lift Oil Output, Told U.S.

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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 2018, hits $21.5 trillion. Italy budget concession hopes switch risk sentiment back on. Putin tells Trump to blame guy in the mirror for high oil prices. Mortgage fraud is getting worse as more people lie about their income to qualify for loans. Auto stocks tumble. Dollar hits six-week highs on hawkish Fed. New York investigating Trump tax dodging. Fed’s Evans says comfortable with a December rate hike. These stories and more in today’s Market News and Commentary.

Market News and Commentary for October 3rd has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | October 2, 2018

New Reports Question Kavanaugh’s Credibility On Past Drinking Behavior, When He Knew About Allegations

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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 on profit as strikes and rising fuel prices take toll. These stories and more in today’s Market News and Commentary.

Market News and Commentary for October 2nd has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | October 1, 2018

Trump Hails ‘Great Deal’ On US-Canada-Mexico Trade

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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 Congress on his drinking habits. Yale friend says Kavanaugh was a heavy drinker. Brent oil rises to four-year high ahead of Iran sanctions, traders eye more hikes. These stories and more in today’s Market News and Commentary.

Market News and Commentary for October 1st has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 30, 2018

Russia Delivering Advanced Air Defense To Syria, Despite U.S. Objections

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North Korea says ‘no way’ will disarm unilaterally without trust. Russian-U.S. tycoon boasted of ‘active’ involvement in Trump election campaign. Asian stocks lower on U.S.-China trade worries. Israel: IAEA failed to act on Iran’s ‘secret atomic warehouse.’ If Trump abandons globalism, American interests will suffer ‘irreparable harm.’ Turkey’s Erdogan opens mosque in German city of Cologne. The Fed could be hiking the U.S. into a recession, warns Peter Boockvar. Musk out as Tesla chair, remains CEO in $40M SEC settlement. These stories and more in today’s Market News and Commentary.

Market News and Commentary for September 30th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 29, 2018

Facebook Hack Exposed 50 Million Users’ Info — And Accounts On Other Sites

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The upward march of oil prices shows few signs of stopping. Judge lets Democrats in Congress sue Trump over foreign payments. South Korea’s LG Display to cut jobs through voluntary retirement. Mexico says U.S., Canada could reach new NAFTA deal in 48 hours. These stories and more in today’s Market News and Commentary.

Market News and Commentary for September 29th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 28, 2018

Senate GOP Agrees To One-Week Delay On Kavanaugh Supreme Court Confirmation To Allow For FBI Probe

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Italy hikes deficit goal, defies EU and rattles markets. Saudi Arabia in short-term oil fix, fears extra U.S. supply next year. Global funds raise U.S. stock holdings to three-and-a-half-year high. China says it won’t be pushed around by U.S. on trade. These stories and more in today’s Market News and Commentary.

Market News and Commentary for September 28th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 27, 2018

Fed Lifts U.S. Rates By Quarter Percentage Point

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U.S. gasoline prices at seasonal four-year high ahead of midterm elections. CEOs are using the market boom to quietly cash in their own chips. IMF increases Argentina bailout package to $57 billion. A robot that can peel lettuce takes us closer to automating delicate farm work. Brett Kavanaugh accuser Christine Blasey Ford releases polygraph results showing ‘no deception’ in her account of assault. Only one in five adults want Rosenstein to leave: Reuters/Ipsos poll. These stories and more in today’s Market News and Commentary.

Market News and Commentary for September 27th has been posted. Click here to listen now.
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Radio Free Wall Street – Wall Street Underground

By Nick Guarino | September 26, 2018

Do We Really Want A Supreme Court Judge Who Spent His College Days Drunk And Passed Out?

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And attended, at the very least, toga parties? I mean, the job does require judgement. It might be ok for a Top Gun fighter pilot but not a Supreme Court Judge. We talk about this in today’s Radio Free Wall Street.
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Radio Free Wall Street’s daily webcast for September 26th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 26, 2018

BREAKING: Michael Avenatti Reveals Client Making ‘Gang Rape’ Allegation Against Kavanaugh

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Oil continues to soar on supply concerns. China leads world stocks higher ahead of Fed rate decision. Qualcomm accuses Apple of giving its intellectual property to Intel. Pentagon innovation leader warns U.S. falling behind China. These stories and more in today’s Market News and Commentary.

Market News and Commentary for September 26th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 25, 2018

Some World Leaders Laugh As Trump Claims His Administration Accomplished More Than Others

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Trump opened UN speech by bragging about his administration’s domestic achievements. PM May – No-deal Brexit better than current EU offer. The Fed has a lot to talk about besides higher interest rates. Stock investors should be wary of consumer confidence at an 18-year high. Savings rates still lag as Fed readies eighth increase of the cycle. As debt rises, the Government will soon spend more on interest than on the Military. Fed expected to raise interest rates and signal more hikes are coming. Oil continues to soar on supply concerns. These stories and more in today’s Market News and Commentary.

Market News and Commentary for September 25th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 24, 2018

Trump, Deputy Attorney General Rosenstein To Meet On Thursday

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BIS warns global economy risks crisis relapse. NBC News/WSJ poll: Democrats hold the advantage in November’s elections. U.S. student debt might lead to the next financial crisis. Russia to supply Syria with air-defense system, raising tensions with Israel. These stories and more in today’s Market News and Commentary.

Market News and Commentary for September 24th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 22, 2018

Yield Curve Flattening End Of Bull Market In Stocks Is Neigh

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Next crash will be ‘worse than the Great Depression.’ Theresa May’s team plot snap election to save Brexit. From reality TV to U.N., Trump to wield Security Council gavel. China summons U.S. ambassador to protest sanctions over Russia military equipment. Venezuela crisis: Chinese hospital ship docks for a week. These stories and more in today’s Market News and Commentary.

Market News and Commentary for September 22nd has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 21, 2018

Wal-Mart Warns Tariffs Will Raise Prices And Tax American Businesses

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Target is ‘deeply troubled’ over Trump’s tariffs. EU’s Brexit hard line angers Theresa May. Wells Fargo plans to cut up to 10% of workforce in the next 3 years. U.S. oil sanctions on Iran threaten global supplies, but a demand slowdown poses a real risk. These stories and more in today’s Market News and Commentary.

Market News and Commentary for September 21st has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 20, 2018

Sources Jeremy Siegel: The Stock Market Could Be Headed For A ‘Little Bubble’ Just Like In January

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Dow jumps more than 250 points to record high as Apple rises and trade-war fears simmer down. Jack Ma recants 1M job promise on U.S.-China tensions. China announced 5% to 10% tariffs on $60 billion in U.S. goods in retaliation for import duties announced by Washington on $200 billion in Chinese goods. Both sets of tariffs are set to take effect on Sept. 24. Michael Cohen spoke to Mueller team for hours; asked about Russia, possible collusion, pardon. These stories and more in today’s Market News and Commentary.

Market News and Commentary for September 20th has been posted. Click here to listen now.
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Radio Free Wall Street – Wall Street Underground

By Nick Guarino | September 19, 2018

Brexit, U.S. Trade Wars Will Change Global Money Flows

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We talk about this in today’s Radio Free Wall Street.
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Radio Free Wall Street’s daily webcast for September 19th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 19, 2018

Trump On Sessions: ‘I Don’t Have An Attorney General’

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Senate approves $854B spending bill. Most U.S. states lack reserves to weather next recession: S&P. Trump says he is not concerned about Manafort cooperation. EIA: US crude inventories decrease 2.1 million bbl. Oil climbs as EIA reports a 5th-straight decline in U.S. crude stockpiles. These stories and more in today’s Market News and Commentary.

Market News and Commentary for September 19th has been posted. Click here to listen now.
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Radio Free Wall Street – Wall Street Underground

By Nick Guarino | September 18, 2018

Trade War Has Started

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China has now retaliated and it’s going to go crazy. The markets are in denial. It won’t last long. We talk about this in today’s Radio Free Wall Street.
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Radio Free Wall Street’s daily webcast for September 18th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | September 18, 2018

May Cautions: Support My Brexit Deal Or Face No Deal

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Trump slaps tariffs on $200 billion in Chinese goods, spares some consumer tech. U.S. trade war with China isn’t winnable, but Trump will likely claim victory anyway. Wall Street pay jumps to highest since financial crisis. These stories and more in today’s Market News and Commentary.

Market News and Commentary for September 18th has been posted. Click here to listen now.
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