In order to “make America great again,” the U.S. might need to default on its own debt. Peter Schiff of Euro Pacific Capital joins Futures Now host Jackie DeAngelis to debate Donald Trump’s stance on national debt and interest rates.
After a decent start in the first two months of the year, sales slipped in the second half of March and into April.
May 6- U.S. stock index futures extended losses on Friday after April payrolls data showed the U.S. economy added the fewest number of jobs in seven months. Nonfarm payrolls increased by 160,000 last month, far below the 202,000 that economists polled by Reuters had forecast on average. Futures snapshot at 8:32 a.m. ET:.
The earnings revisions spread turned positive for the first time in two years, and this could be great for stocks, Bespoke's Paul Hickey says.
*The U.S. Labor Department is scheduled to release the data at 8:30 a.m. ET. *Concerns over mixed economic data and the slowing pace of global growth have clouded the path of interest rate hikes in the United States. Louis Federal Reserve President James Bullard said on Thursday.
May 6- China's commodity exchanges in Dalian, Shanghai and Zhengzhou have increased transactions costs and widened trading limits to fight speculative investment seen behind the surprise surge in commodity futures last month that unnerved global investors. Dalian increased the trading margin for iron ore futures to 8 percent from 7 percent on April 25.
LONDON, May 6- Gold edged higher on Friday as a retreat in the dollar helped the metal to snap four days of losses, though moves were muted as traders took to the sidelines ahead of U.S. non-farm payrolls data later in the day. Spot gold rose 0.3 percent to $1,281.20 an ounce by 0934 GMT, while U.S. gold futures for June delivery gained $10.80 to $1,283.10.
SINGAPORE, May 6- Oil prices fell on Friday, dragged down by a surging dollar and sliding Chinese commodities which at least temporarily outweighed crude supply disruptions in Canada as a result of a massive wildfire threatening its huge oil sands operations. International benchmark Brent crude futures were trading at $44.75 per barrel at 06.45 GMT, 26 cents...
SINGAPORE, May 6- Oil prices dipped on Friday, dragged down by a surging dollar that at least temporarily outweighed supply disruptions in North America, where a massive wildfire was threatening Canada's huge oil sands operations. International benchmark Brent crude futures were trading at $44.73 per barrel at 0400 GMT, 28 cents below their last settlement.
"The market is starting to struggle a bit," said Karl Setzer, a market analyst at MaxYield Cooperative. Chicago Board of Trade July soybean futures settled down 21-3/ 4 cents at $10.12-1/ 4 a bushel. K.C. July hard red winter wheat fell 5 cents to $4.52-3/ 4 a bushel.
Bullish sentiment drops to its lowest level since the February stock market lows.
Earnings revisions spread turns positive: Bespoke's Hickey
Several retailers reported April numbers that disappointed.
NEW YORK/ LONDON, May 5- Raw sugar futures on ICE sank on Thursday in a sharp turnaround that yanked prices down more than 1 cent below a 1-1/ 2- year high as heavy speculative selling triggered automatic sell orders, traders said. ICE July raw sugar settled down 0.81 cent, or 4.9 percent, at 15.84 cents per lb. Earlier, prices climbed to 16.87 cents, the highest for the spot...
Stocks snap their losing streak. The technical take on stocks, with Paul Hickey, Bespoke Investment Group, CNBC's Jackie DeAngelis and the Futures Now Traders.
Euro Pacific Capital's Peter Schiff responds to Republican Presidential Candidate Donald Trump's comments on debt and the economy, with CNBC's Jackie DeAngelis and the Futures Now traders.
Is crude headed to new highs? Trading crude now, with CNBC's Jackie DeAngelis and the Futures Now traders, Anthony Grisanti at the NYMEX and Jeff Kilburg at the CME.
The Futures Now team discusses what factors are supporting gold, with Jeff Kilburg, KKM Financial, and Anthony Grisanti, GRZ Energy president.
*Fighting in Libya escalates, disrupting supplies. In Libya, the state's already crippled oil production was at further risk from a stand-off between eastern and western political factions that prevented a Glencore cargo from loading. Brent futures were up $1, or 2.2 percent, at $45.62 a barrel by 10:51 a.m. EDT, after soaring more than $2 earlier to $46.77.
*China corn area to drop for first time in 13 years. LONDON, May 5- Chicago soybean prices were higher on Thursday with crop losses in Argentina helping to tighten global supplies while wheat and corn also edged up. The most active soy contract on the Chicago Board of Trade was up 0.3 percent at $10.37-1/ 4 a bushel at 1124 GMT.
“We think even without an OPEC deal, prices are headed higher and that’s purely because of fundamentals,” Miswin Mahesh told CNBC.
Gold stayed on course for a second straight weekly gain ahead of U.S. third-quarter GDP data.
Oil edged lower Friday, on doubts about OPEC's planned output cut and ahead of U.S. rig count data.