Monday, 9 Dec 2019

Boeing’s stock dives after NTSB recommends ‘more robust redesign’ of 737-700s

Trump Says U.S.-China Trade Deal ‘Could Happen Soon’ But Provides Few Details

President Donald Trump delivered a highly anticipated speech at the Economic Club of New York on Tuesday but provided few details on the state of trade talks between the U.S. and China.

Trump spent the bulk of his remarks touting the strength of the U.S. economy, crediting his policies cutting taxes and regulation for the strong growth seen in recent years.

Returning to a frequent target, Trump attacked the Federal Reserve and claimed the economy and the markets would be even stronger if the central bank would take his advice and slash interest rates further.

“But we all make mistakes, don’t we?” Trump said in an apparent reference to his decision to nominate Federal Reserve Chairman Jerome Powell.

Trump also briefly discussed the trade talks with China, claiming the Chinese are “dying to make a deal” and an agreement is “close.”

The president said a significant phase one trade deal with China “could happen soon” but stressed that he would only accept an agreement that is good for U.S. companies and workers.

Trump later denied that his trade war with China is hurting industry or causing uncertainty and threatened further increases in tariffs if a deal is not reached.

Amazon Plans To Launch New Line Of Grocery Stores: Report

Online retail giant Inc. (AMZN) is reportedly opening a new line of grocery stores separate from its existing Whole Foods and Amazon Go chains.

According to CNET, an Amazon spokesperson confirmed that, “Amazon is opening a grocery store in Woodland Hills in 2020.” Woodland Hills is a neighborhood in Los Angeles, California.

The company said the new store will be different from Amazon-owned Whole Foods. The new store will not use Amazon Go’s cashless technology that allows customers to check out without waiting in line. Instead, checkout will be conventional as at other grocery stores, the company said.

Earlier this year though, the Wall Street Journal reported Amazon was planning on opening a new grocery chain that would be different from the Whole Foods brand.

Germany uploads documents from millions of Nazi victims

BERLIN (AP) — Germany’s International Center on Nazi Persecution has uploaded some 850,000 documents with information on ten million people collected after the end of World War II in the American occupied zone of Germany.

The Bad Arolsen-based archive said in a statement Tuesday that the documents contain information about victims of Nazi persecution that was collected in the winter of 1945/46 in Germany based on orders by the four occupying powers — the U.S., Britain, France and the Soviet Union.

They issued orders to German local authorities, companies and others requiring them to draw up lists of foreign nationals, German Jews and stateless people who were registered with them.

A large collection of these documents as well as other lists from the American Zone of Occupation can now be viewed online.

Dwayne 'The Rock' Johnson Shares Touching 'Moana' Tribute For Young Fan With Leukemia

In addition to being an incredibly sweet gesture, Johnson’s tribute had another positive impact on the family: Bringing attention to their GoFundMe campaign, set up to help pay for Hyrum’s myriad medical expenses.

Iran violates nuclear deal again by stockpiling heavy water

BERLIN (AP) — The U.N.’s nuclear watchdog says Iran has breached another limit in its 2015 nuclear deal with world powers by stockpiling more heavy water than the accord allowed.

The International Atomic Energy Agency said Tuesday that Iran informed it on Nov. 16 that it had surpassed the 130 tons (143.3 U.S. tons) allowed by the Joint Comprehensive Plan of Action, or JCPOA. The agency confirmed Nov. 17 that Iran’s stockpile had reached 131.5 tons.

Heavy water helps cool reactors, producing plutonium as a byproduct that can be used in nuclear weapons. Iran insists that its nuclear program is for peaceful purposes.

Tehran has been slowly stepping up violations of the nuclear deal to pressure world powers to provide more incentives to make up for the U.S. withdrawal from the deal last year and renewed American economic sanctions.

AMD stock heads for longest winning streak since 2012

Advanced Micro Devices Inc. shares AMD, +2.38% are up 2.3% in Tuesday trading and on track for their ninth straight day of gains. That would mark the stock’s longest winning streak since Jan. 27, 2012, according to Dow Jones Market Data. The stock is up 13.5% over the past nine days. RBC Capital Markets analyst Mitch Steves wrote in a Tuesday note to clients that AMD and Nvidia Corp. shares NVDA, -1.94% would likely "move the most" if a positive trade deal were to occur, with semiconductor-equipment companies seeing the next greatest benefit to their stock prices. AMD shares have risen 121% so far this year, while the S&P 500 SPX, -0.07% has increased 25%.

Boeing’s stock dives after NTSB recommends ‘more robust redesign’ of 737-700s

Shares of Boeing Co. BA, +0.11% took a midday dive into negative territory Tuesday, after the National Transportation Safety Board recommended a "more robust redesign" of the engine structure and its components, as it holds a board meeting to determine the probably cause of the fatal April 2018 crash of the Boeing 737-700 aircraft. The stock was up about 0.7%, then sank as much as 2.1%, before bouncing to be down just 0.1%. Boeing’s stock has gained 10.5% over the past three months, while the Dow Jones Industrial Average DJIA, -0.33% has advanced 6.9%.

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