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MarketWatch MarketPulseAug 21, 2019
Trump says he's not looking at indexing capital gains
President Donald Trump on Wednesday backed away from a proposal to tax capital gains indexed for inflation. His comment to reporters came a day after he said he was considering the move among other proposals to stimulate the economy. "I'm not looking to do that," since it's for higher-earning Americans, he said before departing the White House for a speech in Kentucky.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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In Reversal, Trump Says He Is No Longer Considering Tax Cuts (Wall Street Journal US Business)
UPDATE 1-Trump says not looking at payroll, capital gains tax cuts (Reuters Company News)

Reuters BusinessAug 21, 2019
Target, Lowe's earnings push Wall Street higher ahead of Fed minutes
Wall Street's main indexes rose about 1% on Wednesday, as upbeat earnings from retailers Lowe's and Target reinforced confidence in consumer demand, while investors awaited the release of the Fed minutes for further clues on the path of interest rate cuts.

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CORRECTED-US STOCKS-Target, Lowe's earnings push Wall St higher ahead of Fed minutes (Reuters Company News)

Washington Post BusinessAug 21, 2019
Why China's wealthy elites have so much at stake in Hong Kong
Hong Kong attracts a lot of China's private wealth, it turns out.

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'Missing' British Hong Kong consulate employee detained in China for violating 'public order': officials - Fox News (Google Business News)

MarketWatch MarketPulseAug 21, 2019
Gold ends flat, then moves lower in electronic trade after Fed minutes
Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes. After future prices settled, minutes from the Federal Open Market Committee's July meeting showed that Federal Reserve officials shied away from saying how many more easing steps they might be willing to support this year. In electronic trading, gold for December delivery was at $1,514.30 an ounce shortly after the meeting minutes. The contract had settled flat at $1,515.70 an ounce on Comex, ahead of the news.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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The Fed: Fed officials shied away in July from planning future interest-rate cuts (MarketWatch)

The Motley FoolAug 21, 2019
Saia Inc (SAIA) Q2 2019 Earnings Call Transcript
SAIA earnings call for the period ending June 30, 2019.

Reuters BusinessAug 21, 2019
Global stocks lead risk rally ahead of Fed minutes
A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.

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GLOBAL MARKETS-Stocks lead risk rally ahead of Fed minutes (Reuters Company News)

Dismal.com: AnalysisAug 21, 2019
Lower Mortgage Rates Boost U.S. Existing-Home Sales
Consumer confidence will be increasingly important for sales.

AdWeek NewsAug 21, 2019
Facebook Begins Prepping Developers for Its New Off-Facebook Activity Tool
Facebook began preparing developers for the Off-Facebook Activity tool it unveiled Tuesday, even though the tool is currently available only in Ireland, South Korea and Spain. Software engineer Brad Hill cautioned in a blog post that Facebook Login may be impacted once users gain access to the Off-Facebook Activity tool and begin using it. He...

MarketWatchAug 21, 2019
Metals Stocks: Gold retreats as the U.S. stock market strengthens, traders await Fed minutes for clues on interest rates
Gold futures inch lower on Thursday as strength in the stock market dulls investor interest in the metal, ahead of the publication of minutes of the Fed's July 30-31 meeting which could provide a catalyst gold prices.

Reuters BusinessAug 21, 2019
U.S. home sales rise, boosted by lower mortgage rates
U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve's shift toward lower interest rates was supporting the economy.

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WRAPUP 2-U.S. home sales rise, boosted by lower mortgage rates (Reuters Company News)

FT.com - Financial MarketsAug 21, 2019
European and US stock markets gain as traders await policy clues
Federal Reserve minutes in focus ahead of Jackson Hole conference

Washington Post BusinessAug 21, 2019
Facebook Finally Meets a Regulator With Bite
Libra is only two months old, but the EU's antitrust watchdog is already baring its teeth.

CNBC EconomyAug 21, 2019
Target CEO: The US trade war creates 'uncertainty' and 'complexity'
Target CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1.

FT.com - Financial MarketsAug 21, 2019
Facebook cryptocurrency investigated by EU
Antitrust probe launched over concerns Libra coin could unfairly disadvantage rivals

SEC.gov Updates: News DigestAug 21, 2019
497 - GOLDMAN SACHS TRUST (0000822977) (Filer)
2019-08-21 0001193125-19-225894 2 MB

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497 - Destra Investment Trust (0001492374) (Filer) (SEC.gov Updates: News Digest)
8-K - World Omni Automobile Lease Securitization Trust 2019-B (0001781624) (Filer) (SEC.gov Updates: News Digest)

SEC.gov Updates: News DigestAug 21, 2019
N-PX - BNY Mellon Advantage Funds, Inc. (0000914775) (Filer)
2019-08-21 0000914775-19-000105 4 MB

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N-CSRS - NEW GERMANY FUND INC (0000858706) (Filer) (SEC.gov Updates: News Digest)
N-CSRS - NORTHQUEST CAPITAL FUND INC (0001142728) (Filer) (SEC.gov Updates: News Digest)

USA Today MoneyAug 21, 2019
Stocks shoot up as major retailers lead the way; Dow up over 250 points
Target is soaring, up roughly 20% after a surprising earnings report. lowe's also jumped after beating forecasts.       

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US STOCKS-Target, Lowe's earnings push Wall St higher ahead of Fed minutes (Reuters Company News)

SEC.gov Updates: News DigestAug 21, 2019
N-CSRS - DEUTSCHE DWS INVESTMENTS VIT FUNDS (0001006373) (Filer)
2019-08-21 0000088053-19-000780 2 MB

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497 - Collaborative Investment Series Trust (0001719812) (Filer) (SEC.gov Updates: News Digest)

Google Business NewsAug 21, 2019
How bad would a recession be for Trump in 2020? 8 experts weigh in. - Vox.com
How bad would a recession be for Trump in 2020? 8 experts weigh in.  Vox.comTrump touts economy but payroll tax discussion reveals recession fears  CNNTrump's attempt to outrun a recession might make things worse  CNNTrump's Economic Message Doesn't Reassure Anyone  BloombergWant to Prevent a Recession, Mr. Trump? Stop Hurting the Economy  The New York TimesView full coverage on Google News

CNBC BusinessAug 21, 2019
Target CEO: US consumer confidence 'remains strong'
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.

Reuters Company NewsAug 21, 2019
UPDATE 2-Trump says not looking at changing capital gains tax
U.S. President Donald Trump on Wednesday said he is not looking to index capital gains taxes to the inflation rate, which could slash the taxes that investors pay on profits from asset sales, or to cut payroll taxes.

MarketWatch MarketPulseAug 21, 2019
Target's stock soars toward record rally and record high
Shares of Target Corp. rocketed 18.2% in morning trading Wednesday, which puts them on track for the biggest one-day gain in its history, after the retailer reported better-than-expected fiscal second-quarter results and raised its outlook. The stock was trading well above the Sept. 10, 2018 record close of $89.26 and all-time intraday high of $90.39. The stock's percentage gain would be bigger than the current record rally of 17.8% on Oct. 28, 2008. Target went public in October 1968. The current price gain of $15.61 is adding about $8 billion to the retailer's market capitalization, which would lift the market cap to about $51.9 billion. That's still well below the market cap of rival Walmart Inc. of $323.1 billion. Target's stock has gained 2.7% over the past 22% over the past months, while Walmart shares have advanced 18% and the Dow Jones Industrial Average has tacked on 1.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Target shares hit record highs after the retailer blows out earnings estimates (CNBC Business)

MarketWatchAug 21, 2019
Cryptos: Here's what bitcoin's relationship with the stock market and gold looks like over the past 90 days
The world's No. 1 cryptocurrency, bitcoin, has enjoyed a very loose relationship with other assets during its brief history, but that could be changing a recent chart shows.

MarketWatchAug 21, 2019
Green Sheet: Trump is reportedly working to prevent more automakers from emissions rollback defection
Dispatches from the business of climate change.

MarketWatchAug 21, 2019
The Ratings Game: Target heads towards historic one-day gain as store investment and online sales prove a winner
Target shares soared after its second-quarter earnings demonstrated that its plan to combine store and digital sales has customer appeal.

Reuters Company NewsAug 21, 2019
UPDATE 1-Canada's Trans Mountain restarts construction on contentious pipeline expansion
Trans Mountain Corp has restarted construction on the Trans Mountain pipeline expansion, the company said on Wednesday, a year after the contentious project stalled because of regulatory delays.

Wall Street Journal US BusinessAug 21, 2019
Car Makers Follow Divergent Paths on Fuel-Efficiency Regulations
Major car makers are caught in the crossfire between the Trump administration and California over U.S. tailpipe-emissions rules, leading them down different paths in how to respond to the standoff.

MarketWatchAug 21, 2019
Canceled Trump trip aside, there may be a deal for the U.S. to be had in Greenland, mining executive says
The chief executive of a mining company active in Greenland says there's still the potential for a deal with the U.S.

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Trump's tweet citing the 'highest dollar in US history' is flat-out wrong. Here's where the dollar actual.. - INSIDER (Google Business News)

Automotive News Breaking NewsAug 21, 2019
Trump criticizes automakers cool on his mileage plan
Four automakers including Ford and BMW last month reached a compromise with California's clean-air regulator to boost the fuel efficiency of autos sold in the U.S through 2026.



Reuters Company NewsAug 21, 2019
UPDATE 3-Canada's Pembina Pipeline makes storage play with $3.3 bln Kinder Morgan deal
Canada's Pembina Pipeline Corp has agreed to buy Kinder Morgan Canada and the U.S. portion of the Cochin pipeline for C$4.35 billion ($3.28 billion), bulking up its storage resources in Canada.

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UPDATE 2-Pembina makes storage play with $3.3 bln Kinder Morgan deals (Reuters Company News)

CNBC EconomyAug 21, 2019
Trump says the Fed is the 'only problem' with economy, calls Powell 'a golfer who can't putt'
He proclaimed the economy healthy in a pair of tweets Wednesday, saying the only thing holding growth back was the Federal Reserve.

RELATED ARTICLES
China may need more than a new interest rate to stimulate its economy (CNBC Finance)

MarketWatchAug 21, 2019
No-Nonsense College: These ‘honors' colleges give you the best bang for your buck
Smaller, selective colleges connected to state universities provide a great education at a bargain price.

Wall Street Journal US BusinessAug 21, 2019
Fed Officials Viewed July Rate Cut as 'Recalibration' of Policy
Federal Reserve officials saw their move to cut interest rates last month as a "recalibration" rather than the start of a more aggressive easing cycle and were reluctant at their latest policy meeting to say how future moves would unfold.

The Motley FoolAug 21, 2019
Analog Devices Inc (ADI) Q3 2019 Earnings Call Transcript
ADI earnings call for the period ending August 3, 2019.

The Motley FoolAug 21, 2019
Why Kohl's Shares Were Gaining Today
Shares of the department store chain rose apparently in sympathy with a surge from rival Target.

Washington Post BusinessAug 21, 2019
U.S. deficit to expand by about $800 billion more than previously expected over 10 years, CBO says
The growing deficit also comes as budget experts expect the economy to slow down.

The Motley FoolAug 21, 2019
Alcon, Inc. (ALC) Q2 2019 Earnings Call Transcript
ALC earnings call for the period ending June 30, 2019.

Reuters BusinessAug 21, 2019
Lowe's shares jump as higher-spending customers drive profit beat
Lowe's Cos Inc shares surged over 11% on Wednesday as the home improvement chain's efforts to focus on higher-spending customers helped it beat quarterly profit estimates and gain ground on larger rival Home Depot Inc .

Google Business NewsAug 21, 2019
Budget agency predicts trillion-dollar deficits for years to come, as red ink explodes - Fox News
Budget agency predicts trillion-dollar deficits for years to come, as red ink explodes  Fox NewsDeficit Will Reach $1 Trillion Next Year, Budget Office Predicts  The New York TimesU.S. deficit to expand by about $800 billion more than previously expected over 10 years, CBO says  The Washington PostUS deficit estimated to hit $1 trillion for 2020, CBO says  CNNTrade war costing average household $580, CBO says | TheHill  The HillView full coverage on Google News

Forbes HeadlinesAug 21, 2019
Why Has Booking Holdings' Stock Remained Level Since 2017 Despite Strong Revenue Growth?
Booking Holdings' stock has largely traded sideways since early 2017 despite the company reporting revenue growth of nearly 20% since 2016. Trefis analyzed the operational performance of Booking Holdings over recent years to understand the reasons for this inconsistency, and determined that...

Reuters BusinessAug 21, 2019
World stocks lead risk rally amid stimulus, recession talk
A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.

Reuters BusinessAug 21, 2019
Target shares surge on same-day delivery boost
Target Corp raised its profit outlook for the year on Wednesday as its investments in same-day delivery and pick-up services increased traffic to its website and stores in the second quarter, sending shares up 17% to a record high.

MarketWatchAug 21, 2019
Existing-home sales manage to increase 2.5% in July as lower mortgage rates alleviate some affordability constraints
The real-estate market nevertheless remains on shaky footing as the bumper spring and summer home-buying season begins to draw to a close.

Entrepreneur.comAug 21, 2019
How These Fans Made Millions of Dollars, Starting With Some Collectible Sneakers
It's an object lesson in spotting opportunity within chaos.

Google Business NewsAug 21, 2019
Apple plans to tap China's BOE Technology for advanced iPhone... - Reuters
Apple plans to tap China's BOE Technology for advanced iPhone...  ReutersApple is turning to a Chinese firm for premium iPhone screens, report says  CNBCApple closer to signing-off on first ever OLED iPhone screens from China  9to5MacApple 'aggressively testing' OLED screens from other suppliers  AppleInsiderApple puts China's BOE to test for cutting-edge iPhone screens  Nikkei Asian ReviewView full coverage on Google News

The Motley FoolAug 21, 2019
Nordson Corp (NDSN) Q3 2019 Earnings Call Transcript
NDSN earnings call for the period ending June 30, 2019.

FT.com - Financial MarketsAug 21, 2019
US SEC increases scrutiny of proxy advisers
Regulator opens ISS and Glass Lewis up to fraud lawsuits over voting advice

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U.S. regulator votes to propose new guidelines on shareholder advisers (Reuters Business)

MarketWatchAug 21, 2019
Reported record number of Amazon rainforest fires can be seen from space
The vital Amazon rainforest has suffered a record number of fires this year, according to new data and satellite imagery from Brazil's space research agency.

CNBC BusinessAug 21, 2019
Stocks making the biggest moves midday: Target, Lowe's, Children's Place & more
Names on the move ahead of the open.

MarketWatchAug 21, 2019
The Ratings Game: Walmart's lawsuit over solar panel fires is the latest ‘tarnish' on Tesla, analyst says
Walmart Inc.'s lawsuit against Tesla Inc. over several roof fires that the retailer blames on solar panels is "yet another blow to the already tarnished" solar business at Tesla, analysts at ISI Evercore said in a note Wednesday.

NYTimes BusinessAug 21, 2019
Where Did North West Learn to Sew? At Camp, of Course
In Hollywood, there's a glamorous extracurricular program for fashion-savvy kids as young as 6.

Wall Street Journal US BusinessAug 21, 2019
Federal Deficits to Grow More Than Expected in Next Decade, CBO Says
Federal deficits are projected to grow much more than expected over the next decade thanks to the two-year budget agreement struck last month, the Congressional Budget Office said.

Reuters Company NewsAug 21, 2019
Mexico's central bank governor says economy growing below potential
The head of Mexico's central bank said on Wednesday that consumption in Latin America's second-largest economy could pick up again even if recent data pointed to a slowdown.

Google Business NewsAug 21, 2019
Dell Unveils Updated XPS 13 with Intel's 10th Gen Core CPUs & 4K Panel - AnandTech
Dell Unveils Updated XPS 13 with Intel's 10th Gen Core CPUs & 4K Panel  AnandTechIt Just Got WORSE For Intel 10th Gen - Comet Lake Arrives  HardwareCanucksIntel's line of notebook CPUs gets more confusing with 14nm Comet Lake  Ars TechnicaDell's XPS 13 now comes with the latest Intel 10th-gen processors  EngadgetIntel Unveils Comet Lake Processors, 14nm Chips Join 10nm in 10th-Gen Lineup  Tom's HardwareView full coverage on Google News

Google Business NewsAug 21, 2019
Smoke from Amazon wildfires plunges Sao Paulo into darkness in middle of day - Fox News
Smoke from Amazon wildfires plunges Sao Paulo into darkness in middle of day  Fox NewsSpike in wildfires in Brazil's Amazon rainforest - BBC News  BBC NewsBrazil's Amazon rainforest is burning at a record rate, research center says  CNNAmazon rainforest fires: How big is Amazon rainforest? How much of the rainforest is left?  Express.co.ukAmazon fires: Record number burning in Brazil rainforest - space agency  BBC NewsView full coverage on Google News

Google Business NewsAug 21, 2019
Intel Launches Comet Lake-U and Comet Lake-Y: Up To 6 Cores for Thin & Light Laptops - AnandTech
Intel Launches Comet Lake-U and Comet Lake-Y: Up To 6 Cores for Thin & Light Laptops  AnandTechIntel introduces eight new 10th Gen Comet Lake processors  The VergeIt Just Got WORSE For Intel 10th Gen - Comet Lake Arrives  HardwareCanucksIntel's line of notebook CPUs gets more confusing with 14nm Comet Lake  Ars TechnicaIntel Unveils Comet Lake Processors, 14nm Chips Join 10nm in 10th-Gen Lineup  Tom's HardwareView full coverage on Google News

Entrepreneur.comAug 21, 2019
Tesla Slides After Walmart Sues the Company, Claiming Its Solar Panels Caught Fire
On Tuesday, Walmart sued Tesla's solar-energy unit alleging that gross negligence by employees in installing solar panels lead to fires in seven stores.

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After seven roof fires, Walmart sues Tesla over solar panel flaws - Ars Technica (Google Business News)

MarketWatch MarketPulseAug 21, 2019
Minneapolis Fed's Kashkari says central bank should use forward guidance at next meeting
Minneapolis Fed President Neel Kashkari, in an op-ed in the Financial Times, said that the central bank should not only cut interest rates in September but also use forward guidance. "At a minimum, we should commit to not raising rates again until core inflation returns to our 2% target on a sustained basis," Kashkari wrote. Kashkari rotates onto the Federal Open Market Committee next year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



USA Today MoneyAug 20, 2019
These are some of the best cars for teenage drivers
USNews.com say safety, reliability and cost override all the sleek design and cool tech teens would want.       

MarketWatch MarketPulseAug 20, 2019
Here's why analysts think Estée Lauder's growth will continue
Stifel analysts think Estee Lauder Cos.'s growth is sustainable thanks to increasing use of beauty products, "trade-up" to luxury beauty brands, and growing access to Estée Lauder merchandise, notably online in China. Estée Lauder brands include La Mer, the namesake brand, and MAC, which all grew in the most recent quarter. Geographically, China was strong. "Notably, the tensions in Hong Kong, ~4% of sales, have not had a significant effect on Estée Lauder's business," analysts wrote. "Management noted that it is working to recover part of the tourist revenue in other markets and to reach those consumers online, as well as reaching the local consumer through target marketing and product innovation." Stifel rates Estée Lauder stock buy with a $210 price target, up from $205. Raymond James also raised its price target, to $216 from $181. Analysts there rate Estée Lauder stock outperform. And Wells Fargo lifted its price target to $190 from $175, with a market perform stock rating. Estée Lauder stock has gained 55.4% for the year to date while the S&P 500 index is up 16.6% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



CNBC BusinessAug 20, 2019
Cigna seeks sale of group benefits insurance business, Reuters reports
U.S. health insurer Cigna is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday.

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Bayer to sell animal health business to Elanco for $7.6bn (FT.com - US)

FT.com - Financial MarketsAug 20, 2019
US stocks snap 3-day win streak with central banks in focus
Is the case method, one of the most used teaching methodologies at Harvard Business School and elsewhere, showing its age? asks James Heskett.
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