17 Burst results for "Mike Worst Horn"

"mike worst horn" Discussed on WSJ What's News

WSJ What's News

02:38 min | 6 months ago

"mike worst horn" Discussed on WSJ What's News

"Spending patch to avoid a partial government shutdown after midnight as they continue to hash out the final details of a coronavirus aid package. That's according to people familiar with the plans. Our capitol hill reporter. Andi durrant has more details. So law makers are racing to finally finish up their months-long quest to pass another krahn virus relief bill. They're looking at roughly a nine hundred billion dollar package that would include a direct check likely for six hundred dollars. Too many americans it would send aid to schools aid. To small businesses it would increase the size of unemployment checks that unemployed workers receive so cover a whole bunch of different types of assistance than it would be very large at nine hundred billion dollars. There are still some obstacles in the way right now. They have been working for a few days on trying to iron out some differences over federal reserve emergency powers and a few other kind of things here and there. Us stocks edged lower today investors monitored whether covid nineteen infections and worsening economic data would push lawmakers to cement a coronavirus aid package. All three major indexes ended the day down after hitting fresh highs earlier this week on optimism over a new stimulus package. The dow fell one hundred seventeen points or point four percent. The s&p five hundred also fell point. Four percent and the nasdaq was down less than a tenth of a percent. Tesla share shot to a record high on the eve of their inclusion in the s. and p. five hundred index punctuating rally. That's propelled the electric car maker into the ranks of the most valuable us companies. Here's our markets reporter. Mike worst horn with more shares ended up rising about six percent to six hundred and ninety five dollars a piece. Some forty dollars a share higher than the last trade in the moments before the market closing auction at nasdaq traders had said the firm's edition to the broad index. Raise the possibly been epic squeeze as index funds scramble to buy shares but now traders say the real test lies in the days and weeks ahead and whether tesla can hold onto those gains and add to them. There are some skeptics. Who say that tesla remains vulnerable to a pullback now that a lot of the demand that had come following the inclusion is going to abate and the supreme court has put off ruling on whether to count immigrants who were in the us illegally the census. The justices voted six to three to dismiss a challenge to president. Trump's plan to exclude them from the population count which is used to determine congressional seats. The conservative majority said it was premature to rule on the case because it's unclear whether the outgoing trump administration could implement the policy coming up after the break while the moderna vaccine could widen immunization.

Andi durrant Tesla capitol hill us Mike supreme court Trump
"mike worst horn" Discussed on WSJ What's News

WSJ What's News

01:54 min | 2 years ago

"mike worst horn" Discussed on WSJ What's News

"It's Tech Company in two. It's a manufacturer and I think the one things that's really stood out this earning season you know part from the ones that are doing really well is that manufacturers industrial manufacturer specifically or having a pretty tough time caterpillar warrant about their earnings over the last week and that's because there are trade tensions in you're seeing slowing economic growth in other parts of the world like Asia in Europe so for apple well you know they warned earlier this year that some of those concerns that are affecting caterpillar were also affecting them so investors will want to see whether or not that's still the case or if apple sort of joining some of the other tech companies and and are able to sort of you know muscle through this challenging period so we often talk about uncertainty over trade. What are some other potential roadblocks on the horizon? We'll I guess the other next big ones going to be the the Federal Reserve meeting and that's going to be coming up this week as well and investors will want. Let's see whether or not the FEDS GONNA actually cut interest rates right now. The expectation of interest rate cut is heavily baked into stock prices. The S. and P. five-hundred is up twenty percent a big chunk of that is because of those rate cut expectations not so much earnings and not so much some of these other factors that were helping the stocks last year like say the tax cut so you know that said if the Fed doesn't move forward and cutting rates or signals that you know they'll be less ray cuts on the table than expected analyst and investors are preparing for a bit of volatility. They expect stocks that have to come down because you just can't pray stocks at the level the rat now the interest rates aren't gonNA come down so that's probably just as important as trade tensions which you know continue to linger in the background right now. That's Wall Street Journal reporter Mike Worst Horn. Thanks so much Mike Venture capital one knows life doesn't alert you about your credit card. That's why they've created E-e-e-e-no the capital one assistant that catches things that might look wrong with your credit card N._o...

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"mike worst horn" Discussed on WSJ What's News

WSJ What's News

03:58 min | 2 years ago

"mike worst horn" Discussed on WSJ What's News

"Website at wsj.com and on the W._S._J.. APP The administration has been looking for ways to legally and a question to the census after the U._S. Supreme. Cream court halted its efforts last month Wall Street Journal reporter Brent's Kendall brings us up to speed the court didn't foreclose the administration from asking the citizenship question if they could come up with a viable rationale that they could support any honest and reasoned way A. and so the administration in the last week or two has been trying to come up with a way to do that. They've also been fighting the clock because the government had represented to multiple courts they needed to get the census finalized by July first so we've had several factors actors just moving almost by the hour and again for more on this story head to our website wsj.com or the W._S._J.. APP The Dow Crossed Twenty seven thousand for the first time on Thursday lifted by a rally in the healthcare sector. The Wall All Street Journal's Mike Worst Horn has more the trump administration's decision to abandon a plan to curb drug rebates sent shares of United Health and several other healthcare companies higher on Thursday. Those gains pushed the Dow Jones Industrial Average above twenty any seven thousand first time while that milestone isn't incredibly significant for say the market itself. It's still was a firm reminder to investors that stocks have come a long way from the volatility that played markets at the end of last year that were hitting these new records now while the Dow and the S&P five hundred ended the day with gains. The Nasdaq was slightly down the house. Judiciary Committee voted on Thursday to authorize additional subpoenas to a dozen people connected to president trump including his son-in-law jared Kushner. End Former Attorney General Jeff sessions lawmakers are looking into a range of issues including possible obstruction of justice and the administration's immigration policies. The president has called the investigations unnecessary ended attempt to Redo former special counsel Robert Muller's investigation and Federal Reserve Chairman Jerome Powell wrapped up a second day of testimony on Capitol Hill on Thursday again signaling that the Central Bank could move to cut interest rates. The bottom line is the economy is in is in a very good place. This and we want to use our tools to keep it there. It's very important that this expansion continue as long as possible Powell had said on Wednesday that the nation's economic outlook hasn't improved since the central banks June meeting amid uncertainties including leading trade and weakness in the U._S.. Housing and manufacturing sectors the Fed's next policy meeting is July thirtieth and thirty first here the extraordinary secrets of how to thrive arrive in a disrupted world. The old rules of management are not ready correct anymore so what works making a wise pivot pivot to the future with will I am and Omar Abashed subscribe wherever you get your podcasts. The Amazon is investing seven hundred million dollars to retrain a third of its U._S.. Workforce some one hundred thousand employees by the year twenty twenty-five joining me now in our studio with more details as Wall Street Journal reporter. Chip cutter so chip what's prompting Amazon to take this step now so this is a really tight labor market and Amazon like a number of employers wants to do all it can to help its existing workforce. Take on new roles take on more advanced roles within the company just because because it's really hard to hire right now and we're seeing this in the water market as well right as other companies look to retrain and have their workers be able to step in different roles. We are seeing companies like accenture in J.. P. Morgan Chase others all kind of embarking on different retraining efforts and what's interesting here with with what Amazon is doing is that it's both kind of hourly positions and more advanced one so for example. If you're working to fulfillment center you can get trained to become an I._T.. Support technician helping to fix the machines that are running a lot of the facilities but also if you're a software engineer very much in demand job right now you can get trained.

Wall Street Journal Amazon wsj.com Jerome Powell Fed reporter president accenture Mike Worst Horn Omar Abashed United Health Robert Muller Judiciary Committee jared Kushner technician P. Morgan
"mike worst horn" Discussed on WSJ What's News

WSJ What's News

02:33 min | 2 years ago

"mike worst horn" Discussed on WSJ What's News

"Trade tensions between the US and China sent US stocks sliding on Monday investors are fearful that were returning to the same volatility regime. That was really troubling the markets all through two thousand eighteen boss where looking ahead to retail earnings this week and a sector that could take an even bigger head coming into retailer, and he's always a little bit different than the border market because nobody expects retailers hit it out of the park with their results. So tariffs at another layer of complexity and the US supreme court allows a case against apple to go forward. This is what's news from the Wall Street Journal. I'm Anne Marie for totally and New York before we get to how trade tariffs could impact the retail earnings picture. Let's recap Mondays markets close. The week started off with a big slide as China vowed to retaliate against the US by increasing tariffs on sixty billion dollars worth of US goods beginning next month that sent US stocks sliding with the Dow falling six hundred seventeen points. The nasdaq. And the SNP fell three point four percent and two point four percent respectively. The Wall Street Journal's Mike worst horn says that's reminding investors Twenty-eight teens end-of-year selloff. Italy. Something signed investors, really are bracing themselves for a lot of all totally as long as this is an issue. President Trump said he plans to meet with Chinese president Xi Jinping in Japan next month. The US supreme court is allowing a case challenging Apple's control over the marketplace for iphone apps to move. Forward plaintiff say consumers are paying inflated prices because apple require software to be bought and sold through its app store. They argue apps would be cheaper. If they could be bought directly from the software developers. The case puts billions of dollars in apple software sales at risk. The Wall Street Journal's trip Mickle explains apple won't face any immediate repercussions. From this decision. Disclose back down to a lower court. Where are the plano will will have to make a case in and went on the merits of that case that means said apple takes a thirty percent. Cut of developers sale of an app does face a new pressure point on. It's it's kind of apps store sales. And that's a big core underpinning of its services revenue. That's become a big contributor to the company's business. Mickle says the case could also lead to other consumer lawsuits. Tech companies Dow Jones and company publisher of the Wall Street Journal has a commercial greed to supply news through apple services, Boeing's grounded, 737, max aircraft aren't likely to return to service before mid to.

apple US The Wall Street Journal China Dow Jones Anne Marie Mickle President Trump Mike worst horn New York Xi Jinping Italy president plano
"mike worst horn" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

02:05 min | 2 years ago

"mike worst horn" Discussed on WSJ Your Money Briefing

"Will what are investors watching for next? Mike assign on when US China trade talks will take place will will that be the next positive catalyst. That investors are looking for trade talks are certainly going to be a major influence on how markets move, but. One investor used a really interesting word to describe just sort of how the rest of March could precede where he said we're sort of in this limbo or purgatory right now. And basically, what would that means is that you had this jobs data come out, and you had the major announcement free see from the bay that. And there's no wordings right now either we weren't we're done with fourth quarter. Fourth-quarter earnings were waiting for first quarter earnings start, you know, some of that will start next month. So at this point, there's really not a lot of major economic data coming. There's a number of small small snippets that are going to give investors. I guess some indication as to sort of how the border economy is doing, but it's not going to be a clear signpost like you had with the jobs report data, you know, that said on Monday that will be new retail sales data, and that'll be extremely important considering what that previous months numbers showed that sharp drop in retail sales numbers. So that'll be closely washing terms of a gauge of the health of the US consumer and and a big part of the US economy. You're the consumer price index that'll be just as important as well. New home sales which has been closely watched metric especially throughout all twenty eighteen people were sort of watching sort of that all full off. And then you'll see some initial consumer sentiment numbers, which will be again, another important gauge, so there's all these small snippets. But nothing is going to be nothing major. So investors are religious expecting to see some volatility turn-up. I've got a positive spin on it. And especially in the wake of the weak jobs report. The fed is not going to raise interest rates anytime. So and that was probably maybe one of the biggest takeaways people really had from all this economic datas that you know, if you don't have trade, you've got the fed to worry about, and at least this might give the fed sort of data validation, they need to continue to pause those rate increases, and if that's going to happen. That's that's at least one less hurdle for for for stocks to get over in the near term Wall Street Journal markets reporter, Mike worst horn..

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"mike worst horn" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

03:44 min | 2 years ago

"mike worst horn" Discussed on WSJ Your Money Briefing

"With your money briefing. I'm Charlie Turner in New York for the Wall Street Journal, US stocks rebounded from their session. Lows Friday, but still ended with losses and the markets have now fallen for five straight sessions. They were over five this past week. The Dow Jones industrials closed down twenty three points Friday at twenty five thousand four fifty the NASDAQ composite fell thirteen points the s&p five hundred lost five for the week. The Dow NASDAQ and s&p each lost more than two percent Mike worst horn covers the markets for the Wall Street Journal, and he joins us in the studio Mike this week was the worst week for stocks since December investors really seem to be worried about the global economic performance. You saw this reemergence of fears that really attack the market all throughout the fall. And it all started throughout the week. When people were just getting signs that a trade deal me, not be so close that filtered as as Europe announced new stimulus measures, where just meet investors feel that, you know, indeed me, maybe they're not giving. The credence to the fact that economic growth is slowing work quickly than expected. I think the big question ever since we started this rise really in January was being over exuberant about the market's rise. And and that was followed with data China. I'm data out of China as well as than of course, Friday's jobs number which all just goes to show that growth isn't as good as it was. And now we're just trying to figure out. We'll we'll how good is it not going to be going forward. The decision by the European Central Bank to hold interest rates steady. And also, I guess to issue loans, cheap loans to banks reemergence of a big stimulus program. I think that caught global investors by surprise. It did in there is this debate. Now, or at least this question of of, you know, a is the over-reacting or is it or is it not move fast enough and investors really can't make sense of it because they just been dealing with. So many of these cross signals words, whether it's from the US from Europe or from Asia, and I. Think what you're starting to see though, at the very least is is a is a narrative forming within the market that indeed growth is slowing down that there's going to have to be measures taken or at least not taken by some of the central banks. If they want to stave off, maybe a further economic turmoil at this point. But the question is, you know, I think facing investors is, you know, if you're in a market right now, how do you price it in at the moment because the growth isn't going to stop tomorrow. It's certainly not. I mean US economy certainly is growing, but it's going to stop at some point. It's all going to slow down. So I think it's sort of the searching process of if it's not today when is that going to be exactly I've been informed that the bull market. Officially turns ten years old on Saturday. Seems like the bowl is walking with a limp. Are we at a turning point for the market, especially in in the wake of Friday's weak job growth number? I mean is is the rally over or you know, does it still have legs. Well, I mean, if you look at it just sort of in the in the span of just this year, you could say that that we may be. Facing a turning point in terms of how this year continue to play out because since you know, especially since the January investors have been saying that we expect volatility to return. They just didn't know what the catalyst was going to be. We saw last week with the weak economic data all around the world is being that that catalyst in terms of the bull market though. I mean, I think December was a really good example to show investors that how close a bull market come to dying in how quickly that can happen. You know that December twenty four th Christmas Eve sell off. I mean, it was within less than half a percentage point of ending that bull markets. We were almost there. And we're really not out of the woods. We haven't hit that new high yet. So we're really not a lot of the major indexes aren't really out of that that I I guess correction mode that we've really been stuck in since September..

US Wall Street Journal China Europe New York European Central Bank Charlie Turner Mike Asia two percent ten years
"mike worst horn" Discussed on WSJ Your Money Briefing

WSJ Your Money Briefing

07:29 min | 2 years ago

"mike worst horn" Discussed on WSJ Your Money Briefing

"Are you ready ready for relevant financial news ready for free? No, hassle streaming without a subscription. Tune into Yahoo. Finance live for hours of live market coverage. They're ready. Are you? With your money briefing. I'm Charlie Turner in New York for the Wall Street Journal stocks had their worst week in years as investors continued to deal with a bunch of concerns on Friday. The Dow industrials fell four hundred fourteen points to twenty two thousand four forty five. The NASDAQ composite lost one hundred ninety five points or three percent and the s&p five hundred fell fifty points. The NASDAQ fell eight point four percent for the week the worst week since two thousand eight NASDAQ is now in bear market territory down more than twenty percent from its late August, high both the Dow and S and P fell about seven percent with the Dow also having its worst week in a decade here to explain the market swooned for us is the Wall Street Journal's Mike worst horn might the selling this week has been amazing. But I'm wondering isn't a lot of this computer driven selling where investors can unload, you know, millions of shares a second or two that's what it seems to me e you certainly have the algorithm component to the stock market right now. And that's something. That's. Always there, and you see again, especially heightened like you did this past week when you have things like the some of the major indexes moving above and below there. There say they're fifty or two hundred day moving average is some of these key technical thresholds. Because those are how the algorithms are tracking these indexes in deciding whether they should buy or sell something. So you see the owl goes pickup. And and it's not even just the owl goes you. You can have a say your retail investor. And if they're in a index tracking fund for say, the NASDAQ, you know, the might set a market sell limit order, and that would just be something that's always an effect, and that would sort of send a signal that, you know, if the NASDAQ crosses, you know, certain threshold maybe something like when entered into bear market territory on Friday that it would create it would just automatically sell that. And at a number investors. Tell me that there was a quite a bit of automation taking sort of the control there. But even then worse on top of that is that there wasn't any algorithms willing to buy at that point or a retail investors on top of that the. Fed's interest rate hikes, really have investors spooked don't they at this point in a lot of has to do with the messaging that fed chairman Jerome Powell has said around these interest rate increases, you know, the the market is nervous that the fed would would would sort of blindly reason interest rates ole threatening year so much. So that you could put you can cause the economy to just sort of overheat and suddenly slowed down, and and that's what's contributing to these bigger fears of a possible recession and twenty nineteen now even though fed chairman Jerome Powell had had made clear that we're going to do to rate hikes next year that was still enough to spook the markets into thinking that that the fed is is sort of on this linear trajectory with their interest rate hikes are the rate hikes making investors think twice about the health of the US economy. I mean, that's the thinking that I get the US economy is still strong. We had an update the final update I believe for the third quarter, and it was three point four percent growth than GDP still not bad. But I think you know, investors must be thinking that the. Rates are definitely going to really impact the economy, even though you know, it's widely accepted that the economy's going to slow down next year. Anyway, it that's what's contributing to these diverging views. If you talk to say an average investor somebody in the fed and say, even a company executive, you know, the threat the possibility of rising interest rates, what investors are realizing is that you know, you had a decade where interest rates were near-zero yet. A lot of debt and it was easy to take on. It was basically free money for a lot of companies on a lot of people now that they're confronting these higher interest rates, and they don't really know where they're going to stop. They're they're realizing their their cost of servicing that that's going to go up dramatically in those months ahead. And and that's why you see say in the case of small capitalization companies. I mean, they already in a bear market earlier in the week and a big part of that is because they just tend to carry more debt than their bigger company counterparts. I'm speaking with Mike worst horn of the Wall Street Journal, and you're listening to your money briefing from the Wall Street Journal, are you ready ready for relevant financial news. Ready for free. No, hassle streaming without a subscription. Tune into Yahoo. Finance live for hours of live market coverage. They're ready. Are you? Mike, what can we expect in the holiday-shortened week? Obviously it's shortened because Monday is a half day. Trading shuts down at one PM eastern and the Christmas holiday on Tuesday. It's going to make for lighter volume. Could that lead to more volatility at this point investors are expecting the last week of the year to be either to either continue a lot of what we seen were stocks are continuing to fall or just to grind sideways, but not really be able to move a lot higher you've seen through today. A lot of say big money managers finalize a lot of their trading. Just ahead of the holiday. So that's what's can contribute to the slowdown in activity next week. And when you have that kind of slowdown when there's an expectation that trading desk going to be thinly populated throughout the market is always an effect where you don't need a lot of trading to happen then throughout that day of it's slow volumes to really move, the the indexes sharply, and you kinda saw this thanksgiving week back in November. Where major indexes were, you know, moving quite a bit. In the days leading up into an after thanksgiving holiday there as well. So this similar explications for that. And and investors are really, you know, I think for the most part they're telling me they're looking at twenty nineteen before they really even think about buying anything else at this point. And I'm kind of wondering at this point. Where is the bottom for the market is at the beginning of two thousand nineteen with it that that's that is the the the pressing question in for the NASDAQ fall into that into a bear market. It is the first of the three major indexes to to fall. I of those dominoes to fall. Now, we're now this long running bull market rally looks very vulnerable, and and for a lot of investors as long as they're confronting tree challenges that can continue at least until March the prospect of rising interest rates with those two more rate hikes next year. And and obviously, you have these other little things like the the possibility of a government shutdown all sort of playing a factor and all this that that investors are going to be at the edge of their seats. And it doesn't really look like a response coming quite soon. What is the weakest sector at this? Point is at small-cap, stocks is at major tech stocks or is it both. So so major tech stocks have fallen quite a bit. But they still have they don't really have much in terms of gains anymore, but the not the weakest anymore all the sectors. You've seen energy just in the last few weeks really get hammered, and that's a big part because of what oil prices have done small cap companies though. I mean, they have been in. They were the first of the the US indexes to enter a bear market the Russell two thousand. So you've really seen them just really just making about face from September. When people really thinking that the that the tax cut, and and that, you know, even with a trade war going on those companies are going to be great. And obviously all these these thoughts of recession Baid investors. Very wary those companies, and you've just seen those just really plummet in the last the last several weeks of trading Wall Street Journal markets reporter, Mike worst torn joining us in our studio. Thanks, mike. Thank you. And that's your money briefing. I'm Charlie Turner in New York for the Wall Street Journal.

Wall Street Journal fed Mike US Yahoo Charlie Turner New York Mike worst horn Mike worst Fed Jerome Powell chairman
"mike worst horn" Discussed on WSJ What's News

WSJ What's News

02:15 min | 2 years ago

"mike worst horn" Discussed on WSJ What's News

"This is the first holiday season without a national toy chain in the US that leaves about one point four billion dollars in sales up for grabs. But also for shoppers what they're going to miss is. That toys R us was the place to go for abroad. Deep selection of inventory that they may be having trouble finding at WalMart. Target and other places Wall Street Journal reporter Paul Zeo, bro has the details. But first here are some other top stories we're following another punishing week for US stocks than as Dak ended the week in bear market territory for the first time since the financial crisis the pace of the Federal Reserve's rate hikes looming government shutdown and worries over global growth cast a pall over US markets, Wall Street Journal reporter, Mike worst horns says investors aren't optimistic about the fire. Final week of the year. Investors are expecting the last week of the year to be either to either continue a lot of what we see where stocks are continuing to fall or just a grind sideways, but not really be able to move a lot higher. The Dow fell four hundred fourteen points or one point eight percent ending its worst week in a decade. The NASDAQ fell three percent and the s&p five hundred fell two point one percent the resignation of Defense Secretary. James Mattis means all three of Trump's generals who also included HR McMaster, and John Kelly have already or are planning to part ways with the president Mattis became the latest this week announcing his resignation in February after the president ordered draw down of US troops in Syria, obviously, his resignation this week in protest of the president's abrupt decision to withdraw from Syria because he felt that at that point. They just weren't seeing eye to eye on very important issues. The Wall Street Journal's Vivian Salama says some argue that leaves the White House with. The voice of moderation for the full analysis of Maddison's departure had to wsJcom. The US supreme court said on Friday that Justice Ruth Bader Ginsburg has resting comfortably after undergoing surgery to remove to cancerous growths on her left long. The court says there's no evidence remaining of the disease nor any further treatment plant at this time Ginsburg who is eighty five years old is the courts oldest member. Amazon is expanding its air cargo operation..

US The Wall Street Journal US supreme court Justice Ruth Bader Ginsburg James Mattis reporter WalMart president Amazon Mike worst Federal Reserve Paul Zeo Vivian Salama Syria Maddison Dak bro
"mike worst horn" Discussed on WSJ What's News

WSJ What's News

02:59 min | 2 years ago

"mike worst horn" Discussed on WSJ What's News

"US navy contractors gaining access to US military information. This comes amid a sort of broader concern about what is China stealing from? It's not just our military, but corporate advanced industries, so this is really alarming to a lot of US officials that we spoke to Wall Street Journal. Reporter Justin Volz has the details. But first here are some other top stories, we're following all three major US stock indexes are now in correction territory after the Dow fell four hundred ninety seven points on Friday over concerns about global growth in China and Europe Wall Street Journal reporter, Mike worst horns says many investors aren't expecting a turnaround before the end of the year, especially as thoughts turned to taxes. So what they're doing? They're selling the losers now a lot of investors. Advisers are telling us so that that just means you're gonna see even more selling pressure just in the final weeks of the year and not really Bobi that well for where stocks and up the last time all three major indexes were in correction territory was in March of two thousand sixteen on Friday. The Dow closed down more than two percent. The s&p was down one point nine percent. And the NASDAQ was down two point three percent. Michael Cohen, President Trump's former personal lawyer said Trump was quote, very concerned about how affair allegations could affect his presidential campaign in two thousand sixteen Cohen spoke Friday on ABC's good Morning, America. In his first interview since being sentenced on Wednesday to three years in prison after he pled guilty to campaign finance violations and other charges in the interview with ABC Cohen described then candidate trumps involvement in hush money payments made to his accusers. The president has denied direct and Cohen to violate the law. Cohen reports to prison in March. Facebook said Friday that a software issue may have exposed the unshared photos of up to six point eight million users to apt, developers the company apologized and said it's to resolve the issue, which may have exposed the data in September of this year. The company also says it's notifying users who were potentially affected and will work with developers to delete affected photos. The disclosure comes as Facebook and other tech companies have been under fire for their handling of user, data and other issues. Arizona's Senator John Kyle who was appointed. By the state's Republican governor to fill the seat of the late. Senator John McCain will resign from his post before the start of the new year. Kyle sent a resignation letter delivered Thursday to Carrozza. Governor Doug Ducey who will appoint a successor until a special election in twenty twenty ducey's office said Friday that he will announce his pick in the near future still to come Chinese hackers. Gained access to US navy contractors. Are you ready ready for relevant financial news ready for free? No, hassle streaming without a subscription. Tune into Yahoo. Finance live for hours of live.

US Michael Cohen Facebook China Wall Street Journal Senator John Kyle reporter Senator John McCain President Trump Europe Wall Street Journal Doug Ducey Justin Volz ABC Yahoo Arizona president Mike worst
"mike worst horn" Discussed on WSJ What's News

WSJ What's News

02:02 min | 2 years ago

"mike worst horn" Discussed on WSJ What's News

"With what's news from the Wall Street Journal. I'm Anne Marie for totally in New York. Congress has plenty to tackle before the end of the year. The biggest question is whether they can avoid a partial government shutdown in early December and the fight over the spending bills could dry in a whole number of issues, including immigration, and the special counsels Russia probe so to issues that are very inflammatory. And we could see a huge fight coming Wall Street Journal reporter Christina Peterson has the details coming up, but first here are some other top stories. We're following investors are bracing for more choppiness ahead after the Dow plummeted more than six hundred points on Monday led by a sell off in the tech sector. Wall Street Journal reporter Mike worst, horn says Monday's drop was a shock. But it wasn't totally unexpected the expect a lot more volatility going forward October was a real lesson that you cannot get used to a steadily rising market that we saw. Over the course of the summer all the way through September on day selloff was led by the tech sector with shares of apple falling more than five percent. The world's largest liquor maker Diaz GIO is selling nineteen of its brands, including cinnamon schnapps and gold schlager to focus on premium global brands that are in higher demand. The sale is worth an estimated five hundred fifty million dollars. The geo says it will return net profits of about four hundred forty one million dollars to investors through share buybacks. Smaller airlines are taking a big hit from higher fuel costs more than twenty carriers around the world have gone out of business. So far this year as airlines enter the off season, it's the highest number in a decade with some experts predicting more failures in the coming months despite a recent decline in the prices of oil and jet fuel. Big food companies, including general mills smucker and Nestle have all bought pet food brands in recent years, but premium brands are beginning to cut into shares of mainstream brands and the glut of new products is beginning to put pressure on.

Wall Street Journal reporter Anne Marie New York Diaz GIO Congress Russia Christina Peterson smucker apple Nestle Mike worst horn four hundred forty one million five hundred fifty million dol five percent
"mike worst horn" Discussed on WSJ What's News

WSJ What's News

01:58 min | 2 years ago

"mike worst horn" Discussed on WSJ What's News

"That takes the company's a step closer, a big step closer to consummating their merger Wall Street Journal reporter, Ana Mathews has the details. But first here are some top stories. US stocks slid to their shortest decline in more than seven months on Wednesday with a broad retreat from the tech sector Wall Street Journal reporter. Mike worst horn says, near zero interest rates have fueled growth in tech stocks for the better part of a decade. For the most part, this is just a culmination of nine years of a massive increase in value that investors are just saying this can't continue with rates going higher. He says, investors remain split on whether this is a temporary blip or along. Feared reckoning heading into what's expected to be a strong third quarter earning season. The question is, are investors going to to notice that? Is that going to be enough to get them willing to buy some of these stocks that they were just selling on Wednesday, President Trump took aim at the Federal Reserve again on Wednesday over short-term interest rates at the close on Wednesday, the Dow had dropped eight hundred thirty two points or three point. One percent, the NASDAQ fell more than four percent. And the s. and p. five hundred fell three point. Three percent hurricane Michael made landfall in Florida as a category, four storm on Wednesday, just two miles an hour below the category, five threshold and the most powerful storm on record to hit the Florida panhandle forecasters, say parts of Florida, Alabama and Georgia could see up to a foot of rain for the latest on the storm, visit our website wsj.com or the w s j app. Senate Judiciary chair, Chuck Grassley is asking the Federal Trade Commission to investigate contracts between insurers and hospital systems. He wants the FTC to look into whether the contracts limit competition his letter to the commission cited a recent report in the Wall Street Journal that's occupied secret contract terms used by some hospital systems. AT and t..

Wall Street Journal reporter Federal Trade Commission Mike worst horn Florida Chuck Grassley Ana Mathews Federal Reserve AT Senate President Trump wsj.com Michael Georgia Alabama Three percent four percent
"mike worst horn" Discussed on WSJ What's News

WSJ What's News

03:43 min | 3 years ago

"mike worst horn" Discussed on WSJ What's News

"And. With what's news. I'm Charlie Turner at the Wall Street Journal in New York. The major US index is were little changed Friday, but it was a positive week for the markets and Friday, the Dow Jones industrials rose, eight points to twenty six thousand one, fifty four. The NASDAQ composite lost three points in the s. and p. five hundred rose. A fraction. The Dow was up nine tenths percent for the week. The NASDAQ rose one point, three percent and the s. and p. added one point, two percent. Mike worst horn covers the markets for the Wall Street Journal, and he joins us. Now, Mike, it looks like trade concerns remain at the forefront for investors. It seemed like worries at eased on Thursday. And then there was a report that President Trump still plan to go ahead with Tara son, additional two hundred billion dollars of Chinese imports. It's been a comment frustration for investors since this all started early this year, that whenever any sort of announcement comes out about trade, especially when to any talk about additional tariffs, there's the expectation that will be response in the country. In this case, China, which was report. To be reaching out to the World Trade Organization about a lot of this stuff and and about some penalties and investors are just constantly getting jarred by what is this news mean for for the companies for the economy, we still don't really know, but investors right now day-to-day, they're, they're, they're making those decisions. They're saying that you know, industrial stocks, some of these technology stocks could be affected once those concerns pullback, though, that's when you know things begin to change. What about sectors this past week, Mike sectors that appeared strong was technology in that group. Technology was technology was a bit of a roller coaster. So end of the week up almost two percent. But earlier in the week, it was a little bit of a struggle just because you have a lot of investors that feel technologies had a significant run throughout this whole entire rally. So there's always this expectation that win is technical BAC trade is one of those issues because a lot of tech companies get a lot of their revenue from overseas. A lot of them do manufacturing in China would be exposed to those tariffs. So as those trae concerns were heating up, you saw. Tech really fall into that pressure and later in the week that oil es, especially on Thursday, when we got some size that there may be additional talks by the end of the month, you know, all that said investors fuel really bullish about technology and just the growth expectations. I, it is really the one place in the market where investors from usual funds to hedge funds to to retail investors are heavily invested in it, and they're going to stay that way for a while. Any other sectors that stood out this week energy also stood out. They benefited from rising oil prices, and a lot of that was just on production looking a lot better so far and a wildcard for investors. Mike is Florence, it's already too destructive and deadly storm. The word is that thousands of airline flights have been cancelled. We'll have to see what the effect is on insurance, and I suppose energy companies as well. There are some concerns that that once foreign works its way through that there will be various types of disruptions, one of them being just the supply of oil through that region. So if that works out that way, we've seen this with with other. Hurricanes hurricane Harvey. You could see another spike in oil prices, and if that happens, all those energy stocks will benefit. The question will be with that benefits a longer lasting benefit after hurricane. Harvey, energy stocks really took off because prices kept on climbing, so so this could be short term boost or a longer term one. But in the meantime, investors will probably be looking very closely at the energy sector for that as well as the insurance sector because they tend to benefit well after one of these unfortunate situations, are you getting any sense of what the mood of investors is right now? It is the month of September, September, spent a crazy month. You know, they always used to talk about October and the crash, but really September seems like it can be volatile, unpredictable month..

Mike worst Wall Street Journal China US World Trade Organization Charlie Turner New York hurricane Harvey President Harvey Trump Tara
"mike worst horn" Discussed on WSJ What's News

WSJ What's News

01:50 min | 3 years ago

"mike worst horn" Discussed on WSJ What's News

"This is anne marie for totally in new york building a megamall is a tough business venture but it's the route some developers are taking as mall struggle across the country it can be a risky operation to undertake but to sit still and not do anything would be even worse in just a moment wall street journal reporter esther fung joy joins us with more on a megamall project in florida but first these news headlines trade tensions between the us and china rippled through us markets on tuesday dragging the dow down over one percent wall street journal reporter mike worst horn says the back and forth trade brett's once seen as a negotiating tactic are now taking on a new meaning for investors at this point with trade tensions where the our investors are realizing that that this is going to be a longer and tougher fight and that the impact on markets could be fairly detrimental depending on where things go from here on monday the trump administration threatened and additional two hundred billion dollars in tariffs on chinese goods move that sent global markets sliding the united states is withdrawing from the united nations human rights council speaking before the state department nikki haley the us ambassador to the un called the human rights council hypocritical and self serving the us has long threatened to leave the council unless major changes were made general electric is being removed from the dow jones industrial average the company which once had the highest market value of any us corporation was one of the dow's original components g e will be replaced by walgreens boots alliance effective before the markets open on june twentysixth ford.

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"mike worst horn" Discussed on WSJ Minute Briefing

WSJ Minute Briefing

01:52 min | 3 years ago

"mike worst horn" Discussed on WSJ Minute Briefing

"It's been said that a business is only a strong as its weakest location. You know that your branch offices retail locations and distribution centers are at the forefront of your business grinning revenue and driving customer experience every day. That's why Comcast business has built solutions that are uniquely position to empower all your locations with a robust network and applications that help them operate as seamlessly as HQ learn more about how to get all your locations up to speed at Comcast, business dot com. Slash enterprise minute briefing from the newsroom at the Wall Street Journal. US stocks took a big hit on Tuesday amid renewed trade war tensions. Investors were reeling from the latest announcement from the Trump administration that they are considering another two hundred billion dollars in trade tariffs on China Wall Street Journal reporter. Mike worst horn says investors are worried about a more protracted trade battle. And that showed up in the numbers. The Dow shed two hundred eighty seven points to end the day at twenty four. Thousand seven hundred. The NASDAQ fell twenty one points and the s. and p. five hundred lost eleven President Trump is calling on congress to give him the authority to detain and deport migrant families together. He made those comments, Tuesday as a controversial immigration policy that separated nearly two thousand children from adults at the US border with Mexico continues to draw outrage. Investors are having a tough time, finding reliable prices for lithium and cobalt, but interest in the metals used an electric car batteries is growing experts. Say the market has more than doubled to as much as ten billion dollars in two years for more on these and other stories head to our website. W s j dot com. I'm Anne Marie for totally in the newsroom at the Wall Street Journal.

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"mike worst horn" Discussed on WSJ What's News

WSJ What's News

01:59 min | 3 years ago

"mike worst horn" Discussed on WSJ What's News

"The wall street journal podcast are brought to you by american express no matter what you do from business and finance to a podcast about business and finance it's easier when you don't go it alone the powerful backing of american express don't do business without it what's news from the wall street journal top stories and timely insights i'm charlie turner in new york stocks ended a week and started a month with strong gains thanks to a may employment report which was better than forecast on friday the dow jones industrials jumped two hundred nineteen points to twenty four thousand six thirty five the nasdaq composite gained one hundred twelve points in the s and p five hundred rose twenty nine for the week the dow fell half a percent the sp rose half a percent and the nasdaq composite gained one point six percent wall street journal markets reporter mike worst horn joins us to recap the action and tell us where financial markets may be headed mike we really had kind of an up and down week the markets were really buffeted by trade tensions and worries about political stability in a couple of european countries it was a really back and forth week the dow would be down triple digits one day up triple digits the next for investors it was a lot to take in they were trying to understand i what was going on in europe and whether or not this crisis in italy that at least for now seems to have been dial back from sort of the edge whether or not that was a contagion risk whether there was going to be issues that could then spread to say spain to portugal and was really just about the insurgency he'll offer for investors but beyond that as you're waiting to see what happened there with that issue whether or not italy could form a coalition government investors were also worrying about trade tensions and whether or not those could spillover into such a degree that our key allies mexico canada and the european union would escalate tensions and and from the looks of it on thursday they did mexico and canada had announced a number of tariffs on a range of goods that ended up hurting many of the consumer staples stocks.

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"mike worst horn" Discussed on WSJ Minute Briefing

WSJ Minute Briefing

01:41 min | 3 years ago

"mike worst horn" Discussed on WSJ Minute Briefing

"The Wall Street Journal podcast are brought to you by American Express, no matter what you do from business and finance to a podcast about business and finance. It's easier when you don't go it alone. The powerful backing of American Express don't do business without it minutely from the newsroom at the Wall Street Journal markets are closed for Memorial Day as the nation honors the men and women who lost their lives, serving in the US military trading resumes on Tuesday, the may jobs report out on Friday has the potential to be a big markets. Mover, one area investors will be watching closely wage growth. Investors are going to want to see whether or not that we'd growth is still remaining sluggish as the last few report suggested or if there's a return to that high level wage growth that we saw February that really spooked the markets led to that first correction, more than two years in the SMP. The Dow that's Wall Street Journal reporter, Mike worst horn, the unofficial kickoff to summer has become. I'm a big shopping day, but experts tell marketwatch it's better to hold off on some big purchases like cars, laptops, and televisions until other times of the year. They say the best deals on some of those products are still on another big shopping day, black Friday. The popular pop up museum of ice cream which has sold out, runs in four US cities has announced it's launching its own brand of ice cream. Seven new flavors will be sold at the museum and at target stores for more on these and other stories head to our website. W s j dot com. I'm Anne Marie for totally in the newsroom at the Wall Street Journal.

Wall Street Journal American Express US Anne Marie Mike worst horn reporter two years
"mike worst horn" Discussed on WSJ What's News

WSJ What's News

02:00 min | 3 years ago

"mike worst horn" Discussed on WSJ What's News

"What's news from the wall street journal top stories and timely insights i'm charlie turner in new york stocks ended mostly lower friday as a fall in oil prices put pressure on shares of energy companies still the major averages posted modest gains for the week on friday the dow jones industrials fell fifty eight point to twenty four thousand seven fifty three the nasdaq composite closed nine points higher while the s and p five hundred lost six points the dow s and p both rose a fraction of a percent for the week and the nasdaq composite added more than one percent investors get to enjoy the long memorial day weekend the markets are closed on monday helping us recap the week on wall street and provide a clue as to what might happen next with the markets is the wall street journal's mike worst horn mike in the absence of any major earnings and economic news was the market action this past week driven by things like trade and geopolitical events it was very much politics this week it was as investors were focused on on the various things donald trump was saying around trade there was a report that came out late wednesday the commerce department mentioning that there is going to be possibly tariffs on imported auto auto cars and parts as well that's spooked the markets but it wasn't nearly as bad on thursday when donald trump mentioned that the june twelfth summit between north korea and himself may be cancelled so when that happened stocks took a really big pullback but investors you know the the trading was pretty late and investors are sort of trying to figure out where does this ministration go from here they're realizing as your pattern to a lot of these tactics where there's an announcement there's sometimes a step back and maybe normalization or just sort of this quite period and you saw this you saw sort of saw that reflected just if you looked at that trading on thursday and he kinda saw the entire we too but i think there is a really good example of win that announcement came out stocks were already a little bit weak just because it has been a lot.

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