Day: June 16, 2018

• 
  Stocks continue their retreat. Dow down over 1% now.

  S&P and Nasdaq also moving lower Stocks have extended lower with the Dow now down over 1% (down -1.07%).    The S&P is also lower[...]
  2018-06-16 18:21:08

---

• 
  Feds Dudley says rates may have to push slightly above neutral

  Fed's Dudley speaks with reporters ahead of his retirement He adds: Back in November Dudley announced he would retire from the Fed in mid-2018. He[...]
  2018-06-16 18:21:08

---

• 
  In an upset, the NY Fed Nowcast dips in the current week

  They see 2Q growth at 2.98% vs 3.08% last week As other economists and models raised their estimates for 2Q GDP this week, the NY[...]
  2018-06-16 18:21:08

---

• 
  Stocks in Europe slide and end in the red.

  Most indices still up on the week The European stocks slid in trading today as concerns about trade wars weighed on the global equity markets:[...]
  2018-06-16 18:21:08

---

• 
  Paul Manafort's bail revoked and he will head to jail

  Alleged reaching out to witnesses not sitting well with the judge A federal judge has revoked the bail of ex-Trump campaign manager Paul Manafort's and[...]
  2018-06-16 18:21:08

---

• 
  Baker Hughes rig count at the top of the hour

  Expectations are oil rigs rise to 864 from 862 Note that the Baker Hughes oil rig count will be released at the top of the[...]
  2018-06-16 18:21:08

---

• 
  Baker Hughes rig count for June 15 week 863 vs. 864 expected

  Last week at 862 The price of crude oil was trading at $64.88 just prior to the release The oil rig count was up 1[...]
  2018-06-16 18:21:08

---

• 
  Fed's Kaplan is set to speak at the bottom of the hour from Ft. Worth, TX

  Speaking at a "Fort Worth Chamber of Commerce leaders in business" event Fed's Kaplan is expected to speak at the bottom of the hour.  He[...]
  2018-06-16 18:21:08

---

• 
  China announces tariffs on about $50B... correction $34B... on US goods

  Will US add more now? China is announcing $34B of tariffs on US goods. Tariffs will be on agriculture and auto products.  $50B Earlier in[...]
  2018-06-16 18:21:08

---

• 
  Feds Kaplan: We are at, or have achieved, full employment

  Speaking in Ft. Worth The Dallas Fed Pres. adds:
  2018-06-16 18:21:08

---