John Stankey’s challenge: Making AT&T’s $100 billion bet on Time Warner pay off
John Stankey Stephen Desaulniers | CNBC AT&T’s WarnerMedia CEO John Stankey made a promise to his wife, Shari. He’d received episodes of the last season of “Game of Thrones” in advance. But he wouldn’t watch. Instead, he’d watch with her,...
The market week ahead: Mexico tariffs and more data that may clear the way for a rate cut
Stocks have been rallying hard on the idea the Federal Reserve will cut interest rates soon, but at some point the market needs to see progress on the trade wars and economic weakness that are bothering the Fed. Friday’s surprisingly...
Forward Guidance: Focus on US Industrial Sector
Light Canadian data week and trade tensions should leave focus on US industrial sector A light Canadian economic data calendar over the next week should leave attention focused on external trade risks. Key to that will be whether the US...
Forward Guidance: Focus on US Industrial Sector
Light Canadian data week and trade tensions should leave focus on US industrial sector A light Canadian economic data calendar over the next week should leave attention focused on external trade risks. Key to that will be whether the US...
The Weekly Bottom Line: Data Reaffirms Bank of Canada’s Steady Approach
U.S. Highlights Trade tensions continued to dominate economic headlines, with U.S.-Mexico taking center stage. It remains unclear if a deal can be reached by Monday. The US-China spat also resurfaced, with signs that it is spreading beyond goods trade. Fed...
UK GDP Growth and Jobs Data Key Events to Watch
The pound is expected to have a busy start to next week as the latest update on UK GDP growth and industrial production will hit the markets on Monday at 0830 GMT, while on Tuesday at the same time employment...
Week Ahead – Busy Data Week for China, UK and US; SNB Meets Amid Appreciating Franc
As the global growth outlook darkens again, traders will be paying attention to the slew of data that’s expected out of China, the United Kingdom and the United States next week for clues on how major economies are withstanding the...
Elliott Wave Analysis: S&P500 Is Already Bullying the Bears; More Upside Expected!
S&P500 made a clear five-wave recovery from end of December of 2018, and towards end of March of 2019. We can see that afterwards a three-wave pullback had unfolded, which we labelled it as an A-B-C correction. This correction is...
Downbeat US Jobs Data Send Euro Through Key Barriers
The Euro jumped to 2 1/2 month high at 1.1326 on Friday after disappointing US jobs data that further depressed the dollar. US NFP showed only 75K new jobs in May (the lowest since Feb) expectations for 185K and downward-revised...
Dollar and Yield Tumble as Poor NFP Affirms Fed’s Rate Cut
Dollar tumbles sharply in early as poor non-farm payroll report affirms the case for Fed rate cut this year. The headline number of 75k is a big miss. Equally importantly, weaker than expected wage growth argues that inflation pressure could...