English

Friday, May 18

19

Campbell's Soup blows up Secretary Ross claim tariffs wouldn't hurt them — and he pushes back anyway

CNBC / U.S.

In an earnings call, a Campbell official holds tariffs as a factor in the company's expected poor performance.

11

China says it hasn't offered to cut its trade surplus with the US by $200 billion

CNBC / World

A ministry spokesman said that the claims were not true while speaking at a daily news briefing about the ongoing trade talks between the world's two largest economies, according to Reuters.

Thursday, May 17

17

US, China launch trade talks to avert tariff war, economic damage

CNBC / World

The United States and China launch a second round of trade talks to try to avert a damaging tariff war.

Leading indicators up for sixth straight month

CNBC / Economy

The Leading Economic Index was expected to rise 0.4 percent in April for its sixth straight month of gains.

15

US weekly jobless claims rise, but unemployment rolls are the smallest in 45 years

CNBC / Economy

New applications for U.S. jobless benefits increased more than expected last week.

09

Malaysia's post-election fiscal reforms could cause a deficit spike, strategist says

CNBC / Economy

The fiscal deficit could increase to 4.3 percent of GDP next year from 2017's 3 percent, according to Barclays.

Wednesday, May 16

16

US manufacturing output rises, while past months were revised lower

CNBC / U.S.

U.S. industrial production was forecast to rise 0.6 percent in April, up marginally from the prior month's 0.5 percent increase.

15

US home building tumbled in April, while permits fell

CNBC / Economy

U.S. homebuilding tumbled in April and permits fell, suggesting the housing market continued to tread water amid shortages of land and skilled labor.

14

At top of the Fed, a dispute on policy picks up steam

CNBC / U.S.

Federal Reserve Chair Jerome Powell's top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months.

Weekly mortgage applications fall 2.7% even before rates spike

CNBC / Economy

Borrowers may have missed an opportunity to get the last of the low rates now that yields have moved decidedly higher.

Tuesday, May 15

17

Business inventories flat in March

CNBC / Economy

Business inventories were stagnant in March versus an expected 0.1 percent gain.

Can comedian Ben Stein change Trump's mind on tariffs? We're about to find out

CNBC / U.S.

The National Retail Federation has enlisted Ben Stein, the comedic economist, to make a commercial to run on Trump's favorite network, Fox, to try to convince him to back away from plans to tax foreign goods, the New York Times reports.

Kudlow: Trump-Xi 'bromance' could lead to a China trade deal

CNBC / Investing

Chief White House economic advisor Larry Kudlow believes the U.S. and China can avoid a trade war.

FDA Commissioner Gottlieb: US could see lower drug prices if Europe pays more of its fair share

CNBC / Economy

Drug pricing strategies overseas are adversely leading to higher prescription costs in the U.S. and around the world, he says.

Homebuilder sentiment rises in May thanks to strong demand and tight housing supply

CNBC / U.S.

A monthly index of builder sentiment rose two points in May, one point higher than analysts expected.

15

Higher gasoline prices restrain US retail sales in April

CNBC / U.S.

U.S. retail sales increased moderately in April as rising gasoline prices cut into discretionary spending.

Monday, May 14

22

Market now pricing in four interest rate hikes this year

CNBC / Economy

Markets are becoming more convinced that the Federal Reserve is about to get more aggressive on interest rates.

20

Goldman: Something strange is happening with the US economy that could cause interest rates to jump

CNBC

Goldman Sachs projects the 10-year Treasury note will be yielding 3.6 percent by the end of 2019.

17

Nigeria is leading on pan-African trade, despite not even signing up to the deal: Bank chief

CNBC / Economy

Nigeria is in a position of leadership on a proposed Africa-wide trading bloc, said Ecobank Nigeria's managing director.

Apple, Intel and these other US tech companies have the most at stake in China-US trade fight

CNBC / Technology

U.S. technology companies generate roughly $100 billion to $150 billion in revenues from China, Jefferies analysts estimate.

14

NAFTA math may not add up to more US auto jobs

CNBC / Economy

Trump administration demands in NAFTA negotiations meant to push auto jobs back to the U.S. may not be enough to spark a shift in where automakers build cars and trucks.

12

Fed's Mester reiterates support for gradual US rate increases

CNBC / U.S.

The Fed should continue its gradual approach to raising interest rates, Cleveland Fed President Loretta Mester said on Monday.

US should watch its debt pile before 'things get out of hand,' Fed's Mester says

CNBC / World

The U.S. should keep its debt-to-GDP (gross domestic product) in mind before things "get out of hand," Federal Reserve Bank of Cleveland President Loretta Mester said Monday.

Saturday, May 12

15

The best gift for Mother's Day would be equal pay

CNBC / Economy

Americans will spend $23 billion on Mother's Day. But equal pay would be the best gift, says Anne York, PhD.

Friday, May 11

17

Consumer sentiment holds steady in May as Americans anticipate Fed rate hikes

CNBC / Economy

Consumer sentiment was slightly higher than anticipated in the beginning of May, coming in line with revised April results.

16

GOP Sen. Pat Toomey: President Trump doesn't have the authority to exit NAFTA

CNBC / Economy

The Pennsylvania Republican senator says the U.S. president doesn't have the authority to pull out of NAFTA.

St. Louis Fed's Bullard says rates already near neutral, no more raises needed

CNBC / Economy

St. Louis Fed President James Bullard said rates may already have reached a "neutral" level and raises are not needed.

Forward guidance doesn't always map the route

CNBC / Economy

After the financial crisis rocked the framework of monetary policy, rate setters took to giving "forward guidance" to steady the ship, but the recent experience of British and Japanese central banks suggests it doesn't guarantee a smooth…

15

US needs to pressure foreign countries to pay more for drugs with trade agreements, HHS' Azar says

CNBC / Economy

President Trump is expected to unveil his administration's plan to lower drug prices in a speech Friday afternoon.

US import prices rise less than expected in April

CNBC / Economy

U.S. import prices increased less than expected in April as a rebound in the cost of petroleum products was tempered by a decline in food prices.