Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
General Electric Chairman and CEO Larry Culp can turn J.P. Morgan's recent downgrade of GE shares into a positive, using the firm's note as a sort of road map to fix the struggling conglomerate, CNBC's Jim Cramer said Monday.
Shares of GE dove Monday after J.P. Morgan's Stephen Tusa downgraded the stock to underweight from neutral and cut his 12-month price target to $5 from $6. Tusa, who first went negative on the stock in May 2016 before most on Wall Street, said, "We believe many investors are underestimating the severity of the challenges and underlying risks at GE, while overestimating the value of small positives."
Instead of seeing it as a negative, Culp could read the downgrade note as a "working document," Cramer said on "Squawk on the Street. " "If you worked at GE, and you presented this, [Culp] would say, 'Let's study this. Let's see what we can correct if we're off.' Because that's who Larry Culp is."
Cramer has been critical of GE in the past but placed renewed hope in Culp, saying the executive has what it takes to turn the business around. In November 2017, when GE's stock first fell below $20 per share, Cramer said there was a lot wrong with the company and it was "one of the biggest" investment mistakes of his career.
On Monday, Cramer said he would "buy Culp," to illustrate his faith in the CEOs leadership.
Culp, formely a GE board member and CEO of Danaher from 2001 to 2014, became General Electric's chief executive in October, after John Flannery was abruptly removed, just 14 months into the job. The GE board, at the time, grew frustrated with the slow pace of change under Flannery.
Flannery took over for then-longtime GE chief Jeff Immelt, who was forced out in 2017 after a 16-year tenure that saw the stock plummet from the Jack Welch heydays. Immelt was criticized for poor leadership decisions that left GE cash-strapped.
Shareholders have been largely happy with Culp's management, however some were disappointed last month when he revealed the company could burn as much as $2 billion more in cash than it makes in 2019.