It's no longer a probability, it's a reality: the escalating U.S.-Chin...
NEW YORK - It’s no longer a probability, it’s a reality: the escalating U.S.-China trade war and the strengthening dollar appear to be inflicting measurable damage on U.S. goods makers that rely on global markets.
“The exporters are at least a half a step or full step closer to the predicted recession,” said Robert Pavlik, chief investment strategist, senior portfolio manager at SlateStone Wealth LLC in New York. “Geopolitical tensions do two things,” said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. “They compel big companies to sit back and not spend as much as they would.”
The arrival of third-quarter earnings season next month will provide a clearer view of the damage the trade war and strong dollar have wrought on companies’ bottom lines. General Electric Co gets about 61.5% of its revenue from abroad. Analysts currently see the conglomerate’s third-quarter earnings coming in 44.6% below the level seen a year ago, and its fourth-quarter EPS estimates are now 43.5% lower.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
See the Best Street Style at Paris Fashion WeekThe street style stars of ParisFashionWeek took cover from the rain with rainbow puffer coats and netted bucket hats:
Leer más »
Phil Oh’s Best Street-Style Photos From Paris Fashion Week Spring 2020Phil Oh is in Paris finding the best looks outside the shows, from Telfar to Chanel.
Leer más »
Wall Street bounces back as investors shrug off impeachment riskThe S&P 500 notched its biggest daily gain in two weeks on Wednesday as investor...
Leer más »
Wall Street believes Trump is safe but worries impeachment inquiry could hinder trade dealsHouse Speaker Nancy Pelosi's impeachment inquiry could mire Trump's trade initiatives, including talks with China and the USMCA, investment firms warn.
Leer más »
US futures point to a lower open on Wall StreetU.S. stock index futures were slightly lower Thursday morning.
Leer más »