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January 20, 2021

Economy

‘Unintended consequences’ from massive stimulus is starting to worry long-time bull Jim Paulsen

CNBC
by CNBC04
CNBC – For more and to sign up click here The Leuthold Group’s Jim Paulsen sees trouble lurking as investors embrace growing odds of another stimulus package. Even though the long-time bull acknowledges massive aid has been necessary to steer the U.S. through the coronavirus crisis, he’s worried too much spending......
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Mexican inflation expected to tick up in early January: Reuters poll

Reuters
by Reuters01
FILE PHOTO: People look at posters with product prices outside a market known as La Merced as the coronavirus disease (COVID-19) outbreak continues, in Mexico City, Mexico June 25, 2020. REUTERS/Henry Romero/File Photo MEXICO CITY (Reuters) – Annual inflation in Mexico likely accelerated slightly in the first half of January......
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Stocks making the biggest moves midday: Roku, Peloton, DraftKings, American Express and more

CNBC
by CNBC06
CNBC – For more and to sign up click here John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle |......
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Treasury nominee Yellen says U.S. can afford higher corporate tax rate if it coordinates with other countries

CNBC
by CNBC024
CNBC – For more and to sign up click here Treasury secretary nominee Janet Yellen speaks after US President-elect Joe Biden announced his economic team at The Queen Theater in Wilmington, Delaware, on December 1, 2020. Chandan Khanna | AFP | Getty Images Janet Yellen, President-elect Joe Biden’s choice for......
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Dr. Scott Gottlieb estimates only about 120 million people in U.S. really want Covid vaccine

CNBC
by CNBC037
CNBC – For more and to sign up click here Dr. Scott Gottlieb told CNBC on Tuesday the rollout of Covid vaccines in the U.S. may eventually be slowed by not enough people wanting to receive the shot. While the incoming Biden administration will initially be focused on increasing access......
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China state planner to roll out targeted measures to help companies

Reuters
by Reuters01
FILE PHOTO: People wearing face masks following the coronavirus disease (COVID-19) outbreak walk past the China Zun skyscraper at the central business district (CBD) in Beijing, China, January 15, 2021. REUTERS/Tingshu Wang BEIJING/SHANGHAI (Reuters) – China’s state planner said on Tuesday that it will roll out more targeted measures to......
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Stock futures rise slightly after Wall Street’s losing week

CNBC
by CNBC05
CNBC – For more and to sign up click here Traders on floor of the New York Stock Exchange. Source: New York Stock Exchange U.S. stock futures moved modestly higher on Monday evening as Wall Street looked to bounce back from a rough week ahead of President-elect Joe Biden’s inauguration.......
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Corporate profits are going to get ‘better and better,’ Credit Suisse’s Jonathan Golub predicts as earnings season begins

CNBC
by CNBC04
CNBC – For more and to sign up click here Credit Suisse’s Jonathan Golub is painting a more bullish picture for corporate America with earnings season officially underway.  “It’s going to get better and better as we progress throughout 2021 for their profits,” the firm’s chief U.S. equity strategist told......
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Coronavirus vaccine passports aren’t available yet, but could be an investment for the future

CNBC
by CNBC08
CNBC – For more and to sign up click here Global scientists have reiterated the importance of herd immunity before the economy can fully reopen, but a number of start-ups and major tech companies are looking to speed up the return to normalcy. Microsoft, Apple and Google have shown interest......
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Why ultra-low cost carrier Spirit Airlines is falling behind

CNBC
by CNBC020
CNBC – For more and to sign up click here Spirit Airlines, the no-frills carrier known for bright yellow planes, brash style and low fares, has helped revolutionize the way we pay for travel. To offset its bare-bones fares the carrier charges for everything from carry-on bags to bottles of......
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China industrial output rises 7.3% year-on-year in December; retail sales miss forecast

Reuters
by Reuters01
FILE PHOTO: Employees work on a drilling machine production line at a factory in Zhangjiakou, Hebei province, China November 14, 2018. REUTERS/Stringer BEIJING (Reuters) – China’s industrial output rose at a faster-than-expected rate of 7.3% in December from a year ago, data showed on Monday, expanding for the ninth straight......
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China says its economy grew 2.3% in 2020, but consumer spending fell

CNBC
by CNBC09
CNBC – For more and to sign up click here Employees working on a dry-type transformer production line at an electrical production factory in Haian, in eastern China’s Jiangsu province on Jan. 4, 2021. Stringer | AFP | Getty Images BEIJING — China reported GDP rose 2.3% last year as......
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Goldman Sachs nudges U.S. growth forecast higher on Biden stimulus plan

Reuters
by Reuters01
FILE PHOTO: U.S. President-elect Joe Biden delivers remarks as Vice President-elect Kamala Harris looks on during a televised speech on the current economic and health crises at The Queen Theatre in Wilmington, Delaware, U.S., January 14, 2021. REUTERS/Tom Brenner (Reuters) – Analysts at Goldman Sachs Group raised their U.S. growth......
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Goldman Sachs nudges U.S. growth forecast higher on Biden stimulus plan

Reuters
by Reuters01
FILE PHOTO: U.S. President-elect Joe Biden delivers remarks as Vice President-elect Kamala Harris looks on during a televised speech on the current economic and health crises at The Queen Theatre in Wilmington, Delaware, U.S., January 14, 2021. REUTERS/Tom Brenner (Reuters) – Analysts at Goldman Sachs Group raised their U.S. growth......
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Biden defends why stimulus checks should go to employed Americans

CNBC
by CNBC06
CNBC – For more and to sign up click here US President-elect Joe Biden delivers remarks on the public health and economic crises at The Queen theater in Wilmington, Delaware on January 14, 2021. Jim Watson | AFP | Getty Images President-elect Joe Biden made a case for sending stimulus......
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Fed’s Rosengren voices support for Biden stimulus proposal

CNBC
by CNBC03
CNBC – For more and to sign up click here President-elect Joe Biden’s proposed stimulus plan is the right medicine for an economy likely to see substandard growth in the first half of 2021, Boston Federal Reserve President Eric Rosengren said Friday. As the first central bank official called to......
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What’s in Biden’s $1.9 trillion COVID-19 rescue plan

CBS News
by CBS News01
CBS News – For more and to sign up click here President-elect Joe Biden on Thursday released a $1.9 trillion spending plan aimed at tackling the coronavirus pandemic and its economic toll. As Weijia Jiang reports, the package would include $1,400 stimulus checks for Americans, $400 a week in federal......
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