Jan 28, 2019 – Links
Jan 28, 2019
What we are reading:
Chinese Vice Premier Liu He is set to visits DC for talks with U.S. Trade Rep Robert Lighthizer starting Wednesday.
First FOMC meeting of the year concludes Wednesday with the central bank likely on pause.
January jobs report on Friday expected to show a gain of 165K with unemployment unchanged at 3.9 percent and wages up 0.3 percent.
First read on Q4 GDP is due Wednesday but could be delayed because of data not yet released due to the shutdown.
The State of the Union address (originally scheduled for Tuesday) is on hold until a mutually agreed up date is arranged.
The government shutdown cost the US billions of dollars, CBO says – Business Insider. Up to $11 billion lost. The shutdown could come roaring back in 2-1/2 weeks.
Nissan Faces S.E.C. Inquiry After Executive Pay Scandal – New York Times.
Nvidia warns conditions in China led to an ‘extraordinary, unusually turbulent’ quarter (NVDA) – Business Insider. A big miss.
Caterpillar misses big on earnings and guidance (CAT) – Business Insider. CAT is down 23% over the past year.
PG&E Receives $4 Billion Plan From Investors to Head Off Bankruptcy – Bloomberg. Now the vultures get to wet their beaks.
Brazil’s grief turns to anger as death toll from Vale disaster hits 60 – Reuters. Nearly 300 still missing.