In assessing the impact of the new #tariffs, and while awaiting the details of the retaliatory measures by #China, it's important for the #markets to remember that the profitability of S&P companies is more exposed to #China (both revenues and costs) then the #economy as a whole.
From @TheEconomist article on the progress being made by universities in #China in #STEM research. This is consistent with the significant advances being made in the areas of technological innovation and, increasingly, invention. #economy
President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!
From the archives: Malaysian PM-elect Mahathir Mohamad has made a sensational political comeback. Read the FT's 'Lunch with' the 92-year-old from last year on.ft.com/2wqBQs7
Interesting charts from another thought-provoking note on #markets from @FT@johnauthers
The first chart details what has happened to #PE 's this year; the other two capture the "surprisingly good" corporate earnings; & the note tries to reconcile it all
ft.com/content/0297ff7c-524e…
While more small firms report that they're raising selling prices, inflation is not high on the worry list. According to NFIB, just 2% of firms say that inflation is their single-most important problem, historically low.
Today's 3.9% US #unemployment rate was last seen in December 2000.
This short video @WSJ compares and contrasts economic and financial conditions--then and now.
(The only significant omission: discussion of today's relatively low labor force participation)
wsj.com/video/what-39-unempl…
Big news. @CNBC has launched the "Warren Buffett Archive" .. buffett.cnbc.com/ .. a website that features recordings of every shareholder meeting since 1994 .. with synchronized transcripts .. and a lot more. News release: cnb.cx/2rmlxaC
The U.S. expansion has put millions of people back to work and economists agree that the economy is now at or close to full employment. But what does that mean exactly? bloom.bg/2KAoSuB
While triple digit #Dow moves are not what they used to be years ago,it's still notable that 19 of the last 23 days have seen such moves (esply given where #markets are coming from)
This change in #volatility regimes is one of 3 major transitions facing #investors and #businesses