Why Trump's trade war hasn't tanked the market or the economy yet

Business sentiment has been shaken by U.S. President Donald Trump’s escalating trade war with China, the European Union and other countries, financial analysts say. Unlike in February when Trump first began saber rattling about trade tariffs and markets swooned, investors so far in June have continued to favor U.S. assets. Traders poured $3.4 billion in net funds into U.S. equities last week, according to analysis from Jefferies and Co., marking the seventh straight week of inflows.

• 
  Harley-Davidson moving some production overseas after retaliatory tariffs

  FOX59
• 
  Trump takes trade policy on the road. It may not be welcome.

  CNN

How Trump's trade team stopped the market from selling of...

Peter Navarro's comments lift the markets to a less bad loss. Are trade war fears overblown? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.

• Five Things You Need to Know to Start Your Day

  Bloomberg
• Asia Stocks to Extend Global Slide; Dollar Dips: Markets Wrap

  Bloomberg

Housing affordability in America is its worst in nearly a decade, and there's one clear culprit

Housing affordability hit its worst level in nearly a decade during the first quarter, according to Attom Data Solutions. Attom measures affordability by comparing average wages to median home prices to determine the share of income people need to spend on housing. Prospective buyers needed to shell out more because mortgage rates rose.

US judge throws out climate change lawsuits against big oil

A U.S. judge who held a hearing about climate change that received widespread attention ruled Monday that Congress and the president were best suited to address the contribution of fossil fuels to global warming, throwing out lawsuits that sought to hold big oil companies liable for the Earth's changing environment. "The problem deserves a solution on a more vast scale than can be supplied by a district judge or jury in a public nuisance case," he said.

• 
  Future of Big Oil Increasingly Shaped by the Fate of Global Gas

  Bloomberg
• 
  U.S. court dismisses climate change lawsuits against top oil companies

  Reuters

Tesla's Tent Put to the Test as Time Runs Out for Musk

Elon Musk has six days to make good on his pledge that Tesla Inc. will be pumping out 5,000 Model 3 sedans a week by the end of the month. If he succeeds, it may be thanks to the curious structure outside the company’s factory. It’s a tent the size of two football fields that Musk calls “pretty sweet” and that manufacturing experts deride as, basically, nuts.

• 
  Elon Musk Claims His Mysterious Cyborg Dragon Tesla Is “Almost Done”

  Inverse
• 
  Trump’s ‘Space Force,’ with the help of Elon Musk and Jeff Bezos, could start a new space race

  MarketWatch

The Next GE? Avoid These 5 Dicey Dividends

Many investors were kicked in the gut by General Electric (NYSE:GE) last year, no thanks to pundits who ignored numerous red flags and encouraged people to buy GE and its historically generous yield. Anyone keeping tabs on the all-important payout ratios for General Electric’s dividend had to see the writing on the wall. First off, its earnings payout ratio began to skyrocket in the quarters leading up to the cut, including breaking through the all-important 100% mark – in other words, it was paying out more in dividends than it was bringing in profits.

• 
  GE Exiting Health, Oil as CEO Races to Shrink Flagging Titan

  Bloomberg
• 
  GE to Spin Off Health Business

  Bloomberg

GE narrows focus again, sheds health care and Baker Hughes

General Electric shed more of its major assets, announcing plans to cast away its health care business and sell its interests in the oil-services company, Baker Hughes. The company's latest round of winnowing arrived Tuesday, the first time since 1907 that General Electric Co. will not be a member of the exclusive Dow Jones industrial average at the opening bell. The company says it's reducing its debt by $25 billion and removing additional risk as it reimagines itself as something very different from the multinational conglomerate it was before the Great Recession.

• 
  10 things you need to know before the opening bell (SPY, SPX, QQQ, DJIA)

  Business Insider
• 
  Ex-GE Shareholder Says Transformation Will Attract Different Investors

  Bloomberg Video

5 Top Stock Trades for Tuesday Morning

Stocks took a beating on Monday, with the Nasdaq falling over 2.5% and the Dow Jones falling almost 2% on more fears over a trade war. How does that impact our top stock trades going forward? Top Stock Trades for Tomorrow #1: Amazon (AMZN) Helping fuel

3 Bank Stocks on the Brink

Ever since peaking in January, the Financial Sector SPDR Fund (NYSEARCA:XLF) has been firmly in the bears’ grasp. A thorough survey of the sector revealed three bank stocks on the brink of big-league breakdowns. JPMorgan Chase (NYSE:JPM) leads the group with a deadly looking descending triangle pattern.

10 work-from-home tech jobs that offer six-figure salarie...

Not all high-paying tech jobs require you to come into an office every day. In fact, some employers are attracting top talent by allowing employees to work from home whenever they choose.

• 
  Why Employers Aren't Offering Higher Salaries, And What This Means To Top Talent

  Forbes
• 
  The New U.S. Talent Reality: High Talent Shortages, Low Unemployment and Increasing Demand for Hard and Soft Skills

  PR Newswire

‘Death cross’ forms in gold for first time since 2016, even as stock market slumps

A bearish chart pattern has materialized in gold trading, indicating that the embattled precious metal is likely to extend a recent downtrend that has dragged it to its lowest level in 2018, even as signs of global uncertainty have intensified. The current downdraft has resulted in the 50-day moving average for gold prices, recently at $1,306.26 an ounce, falling below its longer-term 200-day moving average at $1,307.20, according to FactSet data. The so-called golden death cross is the first to form in the commodity since around November of 2016.

• 
  Gold looks set to mark another 2018 low even as surging dollar pauses

  MarketWatch
• 
  Gold at fresh 6-month lows as dollar index renews climb

  MarketWatch

5 Chinese Stocks to Consider as China Heads Into a Bear Market

The escalating Chinese trade war has put Chinese stocks in a bear market. This also leaves investors in Chinese stocks in limbo. With the prospects for trade in question, investors are left wondering if and how they can still profit by investing in China.

• 
  Michael Every discusses the Chinese market reaction to trade war fears

  CNBC.com
• 
  Jeffrey Kleintop discusses trade tensions

  CNBC Videos

Kinder Morgan to Channelize Permian Yield Via PHP Project

Kinder Morgan, Inc’s KMI subsidiary — Kinder Morgan Texas Pipeline LLC (KMTP) — has inked a letter of intent for the development of the planned Permian Highway Pipeline (PHP) Project with EagleClaw Midstream Ventures, LLCand Apache Corporation APA. EagleClaw is a portfolio company of Blackstone Energy Partners. The PHP project, estimated at $2 billion, will provide a channel to transport the increased natural gas production from the Permian Basin to emerging market areas along the Texas Gulf Coast.

• Kinder Morgan, EagleClaw Midstream and Apache Announce Joint Development of the Permian Highway Pipeline Project

  MarketWatch
• 
  Richard Kinder: From Enron to Kinder Morgan

  Market Realist

Top execs in banking, retail, and tech are saying they don't practice work-life balance — because they found something better

JPMorgan Chase CMO Kristin Lemkau told Business Insider that, like Jeff Bezos, she values work-life integration over work-life balance. Other executives in a range of fields have discussed the importance of work-life integration, for themselves and for their employees. In a recent interview with Business Insider CEO Henry Blodget, Kristin Lemkau discussed how she juggles her many work and family responsibilities.

GE’s exit from the Dow will change the index’s calculation in an important way

The owner of the 122-year-old Dow Jones Industrial Average is poised to tweak a crucial component of the blue-chip gauge on Friday: its divisor. The change comes with the punting after the close of trading Monday of the last remaining stock among the Dow’s original 12 components. Shares of the industrial conglomerate General Electric Co. (GE)will be replaced with shares of Walgreens Boots Alliance Inc. (WBA)(WBA) .

• 
  A year after taking over at GE, Flannery is still cutting

  seattlepi.com
• 
  10 things you need to know before the opening bell (SPY, SPX, QQQ, DJIA)

  Business Insider

Boeing Gets a Jump on Air Show with $14.4 Billion in Jet Deals

Boeing Co. isn’t waiting for next month’s Farnborough International Airshow to unveil blockbuster aircraft deals -- or start booking cash. Bamboo Airways, a Vietnamese startup, signed a commitment for 20 of Boeing’s twin-aisle 787-9 Dreamliners, the companies said in a statement. Earlier in the day, Jet Airways India Ltd. announced it was purchasing 75 of Boeing’s 737 Max single-aisle planes, a transaction valued at $8.8 billion based on list prices.

• 
  Vietnam's Bamboo Airways commits to 20 Boeing aircraft

  Reuters
• 
  Boeing takes deposits for 20 Dreamliners from Vietnamese airline startup

  American City Business Journals

Stocks suffer worst day in weeks as Trump’s trade threats rattle; Dow ends below key level

U.S. stocks closed sharply lower Monday, with major indexes seeing their biggest one-day drop in weeks and the Dow bearishly closing below a closely watched level for the first time in two years as fresh threats from President Donald Trump against U.S. trading partners underlined how the risk of protectionist policies has not left the market. The day’s losses were widespread, with 26 of the Dow’s 30 components ending lower, along with nine of the 11 primary S&P 500 sectors. The Dow also ended below its 200-day moving average, a closely watched gauge of an asset’s long-term momentum trends.

• 
  What Led to the Fall in State Street Stock?

  Market Realist
• 
  This 501-day trading streak for the Dow just came to a screeching halt

  MarketWatch