Responding to reports of a possible trade detente between the U.S. and China, stocks across the globe are continuing their climb higher. Yesterday afternoon the WSJ quoted Treasury Secretary Steven Mnuchin as saying Washington could ease tariffs on Beijing, although the suggestion faced pushback from U.S. Trade Representative Robert Lighthizer. Earnings season remains in full swing, and investors today will also be watching figures on U.S. industrial production and consumer sentiment. (SA)
America’s most popular vehicle is going electric. While a timeline wasn't given, Ford has announced an all-electric plugin version of its F-150 pickup truck at the Detroit Auto Show - a decision the automaker says will "future-proof" the model and F-Series franchise. It's big news, given that the F-150 is pretty much the quintessential symbol of a fossil fuel-powered workhorse. (WSJ)
Netflix forecast Q1 revenue slightly below Wall Street estimates, even after a record quarter for new customers, sending shares of the streaming service down 4% AH. There were also fears that spending on content and willingness to take on new debt were not justified by the latest figures. Alternatively, investors may have been hoping for more after a U.S. price hike earlier this week. (Ft)
With Northwest Quadrant Wealth Management a Registered Investment Advisor I am Josh Fenili.