Jueves 18/01/18 Inicios de casas

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Eventos economicos

Inicios de casas
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Weekly Bill Settlement

Housing Starts
[Report][Star]8:30 AM ET

Jobless Claims
[Report][Star]8:30 AM ET

Philadelphia Fed Business Outlook Survey
[Report][Star]8:30 AM ET

Bloomberg Consumer Comfort Index
[Bullet]9:45 AM ET

EIA Natural Gas Report
[Bullet]10:30 AM ET

EIA Petroleum Status Report
[Star]11:00 AM ET

3-Month Bill Announcement
11:00 AM ET

6-Month Bill Announcement
11:00 AM ET

2-Yr FRN Note Announcement
11:00 AM ET

2-Yr Note Announcement
11:00 AM ET

5-Yr Note Announcement
11:00 AM ET

7-Yr Note Announcement
11:00 AM ET

10-Yr TIPS Auction
1:00 PM ET

Fed Balance Sheet
[Bullet]4:30 PM ET

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LAST CHANGE % CHG
Japan: Nikkei 225 23978.61 110.27 0.46%
Hang Seng 32002.25 18.84 0.06%
Shanghai Composite 3449.52 4.85 0.14%
S&P BSE Sensex 35081.82 310.77 0.89%
Australia: S&P/ASX 6025.00 9.20 0.15%
UK: FTSE 100 7725.43 -30.50 -0.39%
DJIA 26115.65 322.79 1.25%
Asia Dow 3841.14 8.53 0.22%
Global Dow 3244.33 -2.57 -0.08%

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LAST(MID) CHANGE
Euro (EUR/USD) 1.2189 0.0001
Yen (USD/JPY) 111.36 0.08
Pound (GBP/USD) 1.3813 -0.0017
Australia $ (AUD/USD) 0.7959 -0.0011
Swiss Franc (USD/CHF) 0.9649 -0.0009
WSJ Dollar Index 84.76 0.05
Futures10:31 PM EST 1/17/2018
LAST CHANGE % CHG
Crude Oil 64.24 0.27 0.42%
Brent Crude 69.61 0.23 0.33%
Gold 1326.1 -13.1 -0.98%
Silver 17.020 -0.146 -0.85%
E-mini DJIA 26126 28 0.11%
E-mini S&P 500 2806.25 2.50 0.09%

Government Bonds10:40 PM EST 1/17/2018
PRICE CHG YIELD
U.S. 10 Year 0/32 2.589
German 10 Year 0/32 0.498
Japan 10 Year 1/32 0.08

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Futures LAST CHANGE % CHG
See all Futures
Crude Oil 64.24 0.27 0.42%
Brent Crude 69.61 0.23 0.33%
Natural Gas 3.024 0.000 0.00%
Gasoline 1.8804 0.0113 0.60%
Gold 1326.2 -13.0 -0.97%
Silver 17.020 -0.146 -0.85%
Corn 352.50 -0.50 -0.14%
Wheat 422.5 1.0 0.24%
E-mini DJIA 26129 31 0.12%
E-mini S&P 500 2806.75 3.00 0.11%
Indexes LAST CHANGE % CHG
TR/CC CRB Index 196.405 1.299 0.67%
S&P GSCI 453.83 0.27

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Price: US$/lb

Copper January 17,22:31
Bid/Ask 3.1913 - 3.1925
Change +0.0177 +0.56%
Low/High 3.1736 - 3.1959
Charts

Nickel January 17,22:29
Bid/Ask 5.6298 - 5.6344
Change +0.0181 +0.32%
Low/High 5.6072 - 5.6457
Charts

Aluminum January 17,22:29
Bid/Ask 0.9920 - 0.9922
Change +0.0032 +0.32%
Low/High 0.9875 - 0.9927
Charts

Zinc January 17,22:29
Bid/Ask 1.5559 - 1.5570
Change +0.0068 +0.44%
Low/High 1.5491 - 1.5582
Charts

Lead January 17,22:34
Bid/Ask 1.1623 - 1.1632
Change +0.0050 +0.43%
Low/High 1.1573 - 1.1660
Charts

Uranium Jan 08, 2018
Ux U308 price: 23.75
Change from
previous week +0.00

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Japan: Nikkei 225 23763.37 -104.97 -0.44%
Stoxx Europe 600 398.14 0.17 0.04%
UK: FTSE 100 7695.96 -29.47 -0.38%
CURRENCIES6:00 AM EST 1/18/2018
LAST(MID) CHANGE
Euro (EUR/USD) 1.2228 0.0041
Yen (USD/JPY) 111.25 -0.02
Pound (GBP/USD) 1.3865 0.0035
Australia $ (AUD/USD) 0.7986 0.0016
Swiss Franc (USD/CHF) 0.9601 -0.0057
WSJ Dollar Index 84.55 -0.16
GOVERNMENT BONDS6:00 AM EST 1/18/2018
PRICE CHG YIELD
U.S. 10 Year -5/32 2.605
German 10 Year -8/32 0.524
Japan 10 Year 2/32 0.079
FUTURES5:50 AM EST 1/18/2018
LAST CHANGE % CHG
Crude Oil 63.96 -0.01 -0.02%
Brent Crude 69.34 -0.04 -0.06%
Gold 1329.8 -9.4 -0.70%
Silver 17.090 -0.076 -0.44%
E-mini DJIA 26101 3 0.01%
E-mini S&P 500

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LAST CHANGE % CHG
UK: FTSE 100 7695.26 -30.17 -0.39%
Germany: DAX 13237.98 54.02 0.41%
France: CAC 40 5501.45 7.46 0.14%
Stoxx Europe 600 398.17 0.20 0.05%
Hang Seng 32121.94 138.53 0.43%
Japan: Nikkei 225 23763.37 -104.97 -0.44%
DJIA 26115.65 322.79 1.25%
Europe Dow 1993.41 -0.97 -0.05%
Global Dow

[admin]

Copper January 18,05:59
Bid/Ask 3.2009 - 3.2015
Change +0.0272 +0.86%
Low/High 3.1736 - 3.2063
Charts

Nickel January 18,05:59
Bid/Ask 5.6525 - 5.6548
Change +0.0408 +0.73%
Low/High 5.5981 - 5.6707
Charts

Aluminum January 18,05:59
Bid/Ask 1.0020 - 1.0024
Change +0.0132 +1.33%
Low/High 0.9859 - 1.0024
Charts

Zinc January 18,05:59
Bid/Ask 1.5600 - 1.5604
Change +0.0109 +0.70%
Low/High 1.5489 - 1.5607
Charts

Lead January 18,05:56
Bid/Ask 1.1716 - 1.1719
Change +0.0143 +1.23%
Low/High 1.1573 - 1.1728
Charts

Uranium Jan 08, 2018
Ux U308 price: 23.75
Change from
previous week

[admin]

Cramer calls Apple's $350 billion investment in the US economy a 'modern-day Marshall Plan'
Elizabeth Gurdus | @lizzygurdus
Published 11 Hours Ago Updated 9 Hours Ago
CNBC.com
"Mad Money" host Jim Cramer interviewed Apple CEO Tim Cook after his company's pledge to contribute $350 billion to the U.S. economy for an inside look at the move.
Cook told Cramer that while some plans were in the works, the move wouldn't have happened without Washington's new tax law and the subsequent "repatriation tax holiday."
Cramer described the iPhone maker's economic injection as the "modern-day Marshall Plan."
PLAY VIDEO
Apple credits most of $350B plan to repatriation tax holiday
While CNBC's Jim Cramer would be happy to talk about the tax benefits and windfall of bonuses that came from Washington's new tax law, he'd rather talk about Apple.
"Apple, using some of the gigantic $252 billion cash hoard that it has overseas, announced [Wednesday] what I think is a modern-day Marshall Plan for the U.S. economy," the "Mad Money" host said. "Apple committed to directly investing $350 billion into the United States over the next five years, including $38 billion in repatriation taxes."
Cramer was referencing the United States' 1948 initiative in which the Truman administration devoted $140 billion, adjusted for inflation, to rebuilding Western Europe after World War II.

In some ways, Apple CEO Tim Cook's thinking was bigger than General George Marshall's, Cramer argued after a phone conversation with Cook himself.
In his conversation with Cook, Cramer said the CEO emphasized the need for his company to be a leading corporate citizen and create jobs that will last through technological advances.
"He emphasized that he's done his best to ensure that everyone Apple touches does better with this newfound money. And that's what made me think of the Marshall Plan," Cramer said.
"Cook told me something else today that crystallizes what is happening in the stock market and in the economy," the "Mad Money" host continued. "He said that 'While some of these efforts were indeed in the works, Washington enabled most of this job-creating plan to occur by changing the tax code to allow companies to return capital to all stakeholders,' a series of reforms that Tim has championed for quite a long time."
Of the $350 billion Cook's company committed, $55 billion is set to be directly injected into the U.S. economy sometime in 2018.
In addition, Apple announced Wednesday that it would create 20,000 jobs via direct hiring at its existing campus and the new campus it plans to build.
"Frankly, I think Apple's view of how to generate jobs, how to create wealth away from the shareholder base, is probably a heck of a lot better than anything the government could ever do," Cramer said.
In Cramer's last interview with Cook in May 2017, Cook said Apple was already supporting over 2 million jobs, if one considers its direct employees and the employees of its 9,000 suppliers.
With the plan announced today, Cramer predicted a "multiplier effect" that would create millions more.
And while Apple is only one company and can't speak for its corporate compatriots when it comes to influencing the economy, Cramer said the bottom line was undeniable.
"Whatever you think of the president, part of his agenda is working. If Apple turns out to be the tip of the iceberg, then this already strong economy could get even stronger," Cramer said. "And frankly, I don't know about you, [but] I'd rather have Tim Cook deciding what to do with this cash than anyone in the capital."

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La inversión fe AAPL es un Marshall
Plan para America.

[admin]

China creció 6.9%
China's economy grew 6.9% in 2017, topping both the official target and 2016's growth
Huileng Tan | @huileng_tan
Published 8 Hours Ago Updated 3 Hours Ago
CNBC.com
China announced 2017 and fourth-quarter gross domestic product figures on Thursday
China's economy grew 6.9 percent in 2017 and 6.8 percent in the fourth quarter against the prior year ago period
Analysts polled by Reuters had expected GDP growth at 6.7 percent, cooling from a 6.8 percent expansion in the previous quarter
PLAY VIDEO

China's economy grew 6.9 percent in 2017, ending the year on a positive note as official figures topped the government target of around 6.5 percent, the country's statistics bureau said on Thursday.
The growth came despite widespread concerns in the last year about financial risks in the East Asian giant amid a government-led economic restructuring.
"It is true that there is a part of the economy — the old economy, heavy industries, property-linked (sectors) — which is slowing deliberately. But there are other parts, the new economy which includes services...(and) includes parts of the manufacturing sector, high tech (industries) which are showing strength and that seems to be persisting in this data," said Duncan Wrigley, chief strategist at Everbright Sun Hung Kai.

The 2017 data represented an improvement over the prior year: China's final GDP figure for 2016 was 6.7 percent, which was the lowest in 26 years.
For 2017's fourth quarter, GDP growth was 6.8 percent. That topped analysts' forecast for 6.7 percent growth in the quarter from the same period a year ago, according to a poll of economists by Reuters.
Beijing's official full-year GDP target for 2017 had been "around 6.5 percent," but there was already an upside surprise expected as the country repeatedly posted robust economic data in part due to a global recovery.
Looking ahead, economists polled by Reuters predicted China's economic growth would slow to 6.5 percent in 2018.
The Chinese economy is going through a phase of "creative destruction" as lively new economy sectors like e-commerce and online financial services coexist with still-dominant old economy sectors, said Chi Lo, BNP Paribas Investment Partners economist for Greater China.
However, growth in the old economy still outpaces in the new economy, so "when you mix the two together, there is an inherent drag on growth," Chi told CNBC.
"The power of creation is not yet strong enough to overwhelm the power of destruction in the economy, but the transition is structurally positive," he added.

AFP | Getty Images
China, for its part, will keep its target for economic growth at "around 6.5 percent" in 2018, unchanged from last year, Reuters reported earlier in January, citing unnamed policy sources.
The world's second-largest economy has been fighting debt for years as it tries to balance economic stability against the potential fallout from any sharp deceleration.
Resilient external demand and robust domestic household consumption will bolster China's economy in 2018, said Sian Fenner, economist at Oxford Economics.
"The government is making moves to make sure that, for one thing, (the country is) rebalancing away from investment (with) monetary tightening and policies for ensuring that financial risks are also reduced, which should also mean that investment actually does continue to slow this year," Fenner told CNBC.
She said she expected Chinese real estate investment to slow this year, although low inventories will prevent the sector from a sharp slowdown.
Risks to the Chinese economy in 2018 include trade protectionism as U.S. President Donald Trump's administration looks like to readdress the yawning trade gap between the two countries, Fenner added.

[admin]

En su primer año Trump ha roto todas las reglas
One Year in, Trump Has Broken All the Rules

Populist president has scrambled conventional wisdom on every level, with mixed policy results

Gerald F. SeibJan. 18, 2018 5:30 a.m. ET
President Donald Trump’s first year in office has seen a departure from past presidential behavior on a number of fronts.
President Donald Trump’s first year in office has seen a departure from past presidential behavior on a number of fronts. Photo: T.J. Kirkpatrick for The Wall Street Journal

By
Gerald F. Seib
On the second day of the new year, President Donald Trump uncorked a remarkable string of 16 tweets directly from his personal account. In them, he criticized Pakistan, threatened to take American aid away from the Palestinians, claimed personal credit for a year without commercial aviation deaths, attacked the news media and proclaimed he has a bigger “Nuclear Button” than does the leader of North Korea.

Every aspect of that Twitter chain—from the platform used, to the tone deployed, to the sensitive foreign-policy ground covered in public—marks a departure from past presidential behavior. In short, that chain is a pretty good illustration of the way Mr. Trump has changed both the presidency and what Americans have come to expect of it.

In the year since he took the oath of office, Mr. Trump has shown that he simply isn’t bound by what had been seen as the previous conventions of the role he is playing. Other presidents have sought to avoid or tamp down controversy; he is as likely to stir up or make a beeline toward controversy, seeing it as a tool in effecting change. Past presidents have tended to speak off-the-cuff sparingly and carefully; Mr. Trump does it every day on a social-media platform never before deployed this way.

Past presidents strained to show consistency in all they said and advocated, fearful that changing positions would open them to charges they are feckless or unprincipled. Mr. Trump shifts positions frequently and effortlessly—at one point standing on several sides of a tense immigration debate during a single televised discussion—and boasts that keeping foes guessing that way is an asset. “I’m a very flexible person,” he said in a recent interview with The Wall Street Journal. He added: “I don’t know what the word permanent means.”

William Daley, who served as a cabinet secretary and White House chief of staff for Barack Obama, says simply: “He’s fundamentally changed how people, not just here but around the world, view the presidency.”

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Trump's First Year

In substantive terms, if a populist is defined as someone who challenges the country’s established elites and their views in the name of “the people,” Mr. Trump is the most populist president in modern times. That has scrambled the conventional wisdom on trade, and produced unusual presidential pressure on companies and chief executive officers as they make decisions about their firms’ capital investment and hiring plans.

“He’s now changed the argument in Washington, which for the last 70 years was: Build a global world order based on uneven trade deals, create global economic interdependence and rising middle classes around the world, (and that) will keep the world at peace,” says Anthony Scaramucci, a Trump backer who served briefly as White House communications director. “The U.S. will be a benevolent superpower to a world at peace and our economy will grow. That was the paradigm. Trump wants to do all that, but even out the trade deals—make the trade deals more fair—because he believes that will benefit the American worker and the middle class.”

More than most recent presidents, he acts more like a chief executive officer of the government than its chief operating officer. Rather than present his own detailed policy proposals, he has relied on fellow Republicans in Congress to work out the details of a health plan, a tax cut and an immigration overhaul, preferring to position himself instead as a leader who retains the flexibility to close the deal rather than one who seeks to determine its precise contours.

It remains unclear how effective this new presidential style is. It has produced a historic tax cut, a broad loosening of government regulation and a significant change in the kinds of judges sitting on federal courts.


President Trump's First Year in Office

From the moment he was inaugurated, President Trump brought dramatic change to the White House. Here’s a recap of the whirlwind year in Washington. Photo Illustration: Heather Seidel/The Wall Street Journal

Yet the president failed to lead the way to a new health-care system or build broad support for his views on immigration, and his dealings with allies remain controversial. Even some of the president’s backers admit they feel worn down by the feel of unending turmoil. Despite Mr. Trump’s efforts to govern as almost a political independent, his polarizing style has helped prevent him from getting significant Democratic support for his initiatives, which could doom his hopes of getting a broad agreement on rebuilding America’s infrastructure.

It’s also unclear whether the changes Mr. Trump has brought to the presidency are permanent, or are unique to him as a man who, unlike any of his 45 presidential predecessors, arrived with no prior experience in public office or the military. That status as a genuine outsider may help him pull off his style of governing, but also may mean others couldn’t do the job quite this way.

“The difference between Trump and other people is a level of authenticity that other people lack,” says Sean Spicer, who was Mr. Trump’s first White House press secretary. “You can love or hate what he does, but all of it is authentic.”

He adds, though: “Anybody who believes they are going to follow in his footsteps is sorely mistaken.”

Write to Gerald F. Seib at

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Otras firmas seguirán a AAPL en la repatriación de capital.
Apple’s Tax Payment Could Set Off Repatriation Trend

Changes in U.S. tax regime mandate companies pay tax on offshore cash; raising specter of repatriation

Tatyana Shumsky
Updated Jan. 17, 2018 6:56 p.m. ET
The Apple Inc. logo on the outside of an Apple store in San Francisco, Calif. on Sep. 22, 2017.
Apple Inc.’s AAPL 1.65% plans for a repatriation tax payment may signal a tipping point for U.S. corporate offshore cash hoards.

That equates to 15% of its $252.3 billion offshore cash pile, broadly in line with the 15.5% tax rate required by the new law. Previously, multinational companies like Apple would pay the difference between lower foreign tax rates and the 35% U.S. corporate tax rate to bring the money home.

That unfavorable U.S. tax regime had contributed to a buildup in U.S. corporate offshore cash reserves. U.S. nonfinancial companies socked away a record $1.3 trillion in cash held overseas at the end of 2016, a total that was forecast to climb to $1.4 trillion by the end of 2017, according to Moody’s Investors Service Inc. Apple’s overseas cash accounted for the largest share of that pile.

An analysis by Zion Research Group puts the total for the full S&P 500 at about $2.8 trillion.

“There’s no longer an economic reason to maintain cash offshore to avoid high U.S. taxation,” said Richard Lane, senior vice president at Moody’s. “For that reason, offshore cash balances are going to come down quite notably from our estimate of $1.4 trillion at the end of 2017,” he added.

Apple on Wednesday said it would also make a number of capital-intensive investments in the U.S. It’s unclear whether the iPhone maker will use some of its multibillion-dollar cash pile to fund those projects. Some of its expansion plans were in the works prior to the signing of the tax bill.

Companies don’t have to bring the money home, they’re just required to pay the tax on it. The new tax law offers a one-time bulk payment option or spread payments out over eight years. Future future overseas earnings will be tax-free.

Apple did not disclose how much of its offshore cash it planned to repatriate and did not specify how it planned to use those funds. Apple spokespeople did not respond to emailed requests for comment.

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To be sure, Apple won’t need to “physically” move much of its foreign cash to the U.S. The bulk of its overseas holdings are invested in commercial paper and other short-term money instruments held by foreign subsidiaries. Repatriating those funds is a matter of signing over ownership to the U.S. parent company, Mr. Lane said.

“It’s more an administrative matter, in terms of where the security is held and where it will be held after they affect the repatriation,” Mr. Lane said. “It’s really like moving money within a family, it doesn’t require the sale of a security to a third party.”

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MS reporta mejor de lo esperado.

[admin]

LAST CHANGE % CHG
DJIA 26113.41 -2.24 -0.01%
Nasdaq 7292.97 -5.31 -0.07%
S&P 500 2803.02 0.46 0.02%
Russell 2000 1584.74 -1.92 -0.12%
Global Dow 3250.35 3.45 0.11%
Japan: Nikkei 225 23763.37 -104.97 -0.44%
Stoxx Europe 600 398.55 0.58 0.15%
UK: FTSE 100 7692.13 -33.30 -0.43%
CURRENCIES9:55 AM EST 1/18/2018
LAST(MID) CHANGE
Euro (EUR/USD) 1.2262 0.0074
Yen (USD/JPY) 110.94 -0.33
Pound (GBP/USD) 1.3884 0.0054
Australia $ (AUD/USD) 0.8005 0.0035
Swiss Franc (USD/CHF) 0.9590 -0.0068
WSJ Dollar Index 84.37 -0.34
GOVERNMENT BONDS9:55 AM EST 1/18/2018
PRICE CHG YIELD
U.S. 10 Year -5/32 2.605
German 10 Year -5/32 0.513
Japan 10 Year 2/32 0.079
FUTURES9:45 AM EST 1/18/2018
LAST CHANGE % CHG
Crude Oil 63.77 -0.20 -0.31%
Brent Crude 69.03 -0.35 -0.50%
Gold 1330.8 -8.4 -0.63%
Silver 17.115 -0.051 -0.30%
E-mini DJIA 26091 -7 -0.03%
E-mini S&P 500