Latest news with #MrNiceGuy
Yahoo
3 days ago
- Business
- Yahoo
PCE Posts Highest Monthly Percentage Move in Four Years
The Fed's preferred measure of inflation, Personal Consumption Expenditures (PCE), are out for the month of April. Results were positive across the board — eyebrow-raisingly so, in some cases. In fact, these figures have been strong enough to cut in half the pre-market plummet on the major indexes once President Trump posted 'No more Mr Nice Guy' in his trade negotiations with China. At this hour, the Dow is -114 points, the S&P 500 is -18, the Nasdaq -45 and the small-cap Russell 2000 is -10 points currently. The Dow, for instance, had fallen -244 points on the president's latest Truth Social post. Bond yields, on the other hand, are ticking up early today: +4.44% on the 10-year, +3.93% on the 2-year and +4.95% on the 30-year bond. Personal Income for April reached its highest single-month level in four years: +0.8% — well above the +0.3% expected and even above the upwardly revised +0.7% for March. We now see income growth in 2025 among the highest in many years, averaging +0.65% over the past four months. Consumer Spending, however, was in-line with expectations at +0.2% — half a point lower than the prior month's +0.7%. This is good news in terms of demonstrating economic strength amid plenty of murkiness among outlooks, though not exactly a feather in the cap for those who'd like to see the Fed lower interest rates. The PCE Index, month over month, was also as expected at +0.1%, up from the 0.0% reported the previous month. Year over year, +2.1% PCE is down 10 basis points (bps) from estimates. This also represents a low water mark last seen back in September of last year. Core PCE month over month — stripping out volatile food and energy costs — was identical to the overall headline: +0.1%, following 0.0% the prior month. Year over year, core PCE dropped to +2.5%, 10 bps below estimates and 20 bps beneath the upwardly revised +2.7% for March. Again considering our current environment, starting with early April's opening salvo into the latest global trade war, Advanced Retail Inventories are steady and benign: -0.1% on headline, in-line with expectations and -0.1% reported a month ago. Advanced Wholesale Inventories was flat for April, down from the +0.4% seen in the March report. Perhaps it will take some more distance from tariff Ground Zero to see how the new trade realities manifest in these reports. After all, these numbers are all subject to future revisions, and most of the tariff threats have yet been put on pause. But for now, it's tough to find a complaint; things appear to be working on the more macro-level. Advanced Trade Balance in Goods for April came in well below expectations: -$87.6 billion, the lowest since September of 2023. Analysts had expected -$147 billion, following a slight trimming to -$162 billion the previous month. This is the first advance trade deficit sub-12 digits since October of last year. At first blush, one would have to assume this has to do with the trade impact. Then again, as we see in the other data reflecting tariffs and trade, much of the grist has yet to meet the mill. But if this does prove to be a resonant part of our new trade scenario, it's certainly a welcome one. Once the opening bell sounds on this final trading day for the week, the Chicago Business Barometer (PMI) for May is expected, as is final Consumer Sentiment, also for May. The former is expected to improve somewhat, though still come in sub-50, which is the tipping point between growth and loss. The latter is forecast to remain steady just over this 50 precipice. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
PCE for April Shows Economic Resilience
Friday, May 30, 2025The Fed's preferred measure of inflation, Personal Consumption Expenditures (PCE), are out for the month of April. Results were positive across the board — eyebrow-raisingly so, in some cases. In fact, these figures have been strong enough to cut in half the pre-market plummet on the major indexes once President Trump posted 'No more Mr Nice Guy' in his trade negotiations with this hour, the Dow is -114 points, the S&P 500 is -18, the Nasdaq -45 and the small-cap Russell 2000 is -10 points currently. The Dow, for instance, had fallen -244 points on the president's latest Truth Social post. Bond yields, on the other hand, are ticking up early today: +4.44% on the 10-year, +3.93% on the 2-year and +4.95% on the 30-year Income for April reached its highest single-month level in four years: +0.8% — well above the +0.3% expected and even above the upwardly revised +0.7% for March. We now see income growth in 2025 among the highest in many years, averaging +0.65% over the past four Spending, however, was in-line with expectations at +0.2% — half a point lower than the prior month's +0.7%. This is good news in terms of demonstrating economic strength amid plenty of murkiness among outlooks, though not exactly a feather in the cap for those who'd like to see the Fed lower interest PCE Index, month over month, was also as expected at +0.1%, up from the 0.0% reported the previous month. Year over year, +2.1% PCE is down 10 basis points (bps) from estimates. This also represents a low water mark last seen back in September of last PCE month over month — stripping out volatile food and energy costs — was identical to the overall headline: +0.1%, following 0.0% the prior month. Year over year, core PCE dropped to +2.5%, 10 bps below estimates and 20 bps beneath the upwardly revised +2.7% for considering our current environment, starting with early April's opening salvo into the latest global trade war, Advanced Retail Inventories are steady and benign: -0.1% on headline, in-line with expectations and -0.1% reported a month ago. Advanced Wholesale Inventories was flat for April, down from the +0.4% seen in the March it will take some more distance from tariff Ground Zero to see how the new trade realities manifest in these reports. After all, these numbers are all subject to future revisions, and most of the tariff threats have yet been put on pause. But for now, it's tough to find a complaint; things appear to be working on the more Trade Balance in Goods for April came in well below expectations: -$87.6 billion, the lowest since September of 2023. Analysts had expected -$147 billion, following a slight trimming to -$162 billion the previous month. This is the first advance trade deficit sub-12 digits since October of last first blush, one would have to assume this has to do with the trade impact. Then again, as we see in the other data reflecting tariffs and trade, much of the grist has yet to meet the mill. But if this does prove to be a resonant part of our new trade scenario, it's certainly a welcome the opening bell sounds on this final trading day for the week, the Chicago Business Barometer (PMI) for May is expected, as is final Consumer Sentiment, also for May. The former is expected to improve somewhat, though still come in sub-50, which is the tipping point between growth and loss. The latter is forecast to remain steady just over this 50 or comments about this article and/or author? Click here>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco QQQ (QQQ): ETF Research Reports SPDR S&P 500 ETF (SPY): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News18
3 days ago
- Business
- News18
‘So Much For Being Mr Nice Guy': Trump Signals Fresh Trade Tensions, Warns China
Last Updated: Amid soaring tensions, Trump accused China of violating its tariff deal adding that he is no longer going to be "Mr Nice Guy". US President Donald Trump on Friday signaled renewed trade tensions with China saying that Beijing had 'violated" a trade deal to de-escalate tariffs, at a time when both sides appeared deadlocked in negotiations. Amid soaring tensions, Trump accused China of violating its tariff deal adding that he is no longer going to be 'Mr Nice Guy". In a post on TruthSocial, Trump said, 'Two weeks ago China was in grave economic danger! The very high Tariffs I set made it virtually impossible for China to TRADE into the United States marketplace which is, by far, number one in the World. We went, in effect, COLD TURKEY with China, and it was devastating for them. Many factories closed and there was, to put it mildly, 'civil unrest." I saw what was happening and didn't like it, for them, not for us." Trump's remarks came hours after US Treasury Secretary Scott Bessent said that trade talks with China were 'a bit stalled," in an interview with broadcaster Fox News. The world's two biggest economies had agreed this month to temporarily lower staggeringly high tariffs they had imposed on each other, in a pause to last 90 days, after talks between top officials in Geneva. US trade representative Jamieson Greer, in a CNBC interview, echoed Trump's allegation, saying that America was concerned with China's purported non-compliance with the tariff deal. The 'United States did exactly what it was supposed to do, and the Chinese are slow rolling their compliance,"said called that 'completely unacceptable and has to be addressed." US-China Trade War On April 2, the US had imposed a 'reciprocal tariff" of 34% on Chinese goods, on top of 20% tariffs that Trump had previously imposed on Chinese products since starting his current term. Those tariffs were driven by Trump blaming China for the fentanyl crisis that has ravaged thousands of American lives and led to several deaths in the US. So, in effect tariffs on Chinese goods was 54%. In retaliation, China hit back US with a 34% tariff on imports from the US. Following this, both countries kept on increasing tariffs against each in a tit-for-tat escalation. Finally, the US imposed a 145% tariff on China while China slapped 125% taxes on the US. What's The Current Tariff Deal? In a joint statement, the US and China said they would suspend their respective tariffs for 90 days and continue negotiations they started this weekend. Under the agreement, the US would reduce the tariff on Chinese imports to 30% from its current 145%, while China would lower its import duty on American goods to 10% from 125%. First Published: News world 'So Much For Being Mr Nice Guy': Trump Signals Fresh Trade Tensions, Warns China
CBS News
3 days ago
- Business
- CBS News
Trump says China is violating its trade agreement with the U.S.
President Trump on Friday said that China is violating a trade agreement with the U.S., just weeks after the two countries agreed to a temporary but significant easing of tariffs imposed on each other's imports earlier in the year. Mr. Trump didn't specify in what way he believes China is violating the agreement. On May 12, the two nations committed to a 90-day suspension of most of the levies imposed since early April. Under the agreement, the U.S. reduced tariffs on Chinese goods to about 30% from 145%, while China reduced its levies on American imports to 10%. "I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation, and I didn't want to see that happen. Because of this deal, everything quickly stabilized and China got back to business as usual," Mr. Trump wrote on Friday morning on his Truth Social app. He added, "The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!" —This is breaking news and will be updated.
South China Morning Post
11-05-2025
- Entertainment
- South China Morning Post
What to see and eat in Melbourne's Chinatown, cultural hub that grew from gold rush roots
Chinatowns are often portrayed as gritty underworlds riddled with prostitution, gambling and drug trafficking. Some of this is rooted in truth, but that unfair depiction is largely the result of rampant xenophobia and cultural ignorance, especially in the West. Advertisement In a series of articles , the Post explores the historical and social significance of major Chinatowns around the world and the communities that shape them. In 1997, Hong Kong martial arts legend Jackie Chan starred in the action comedy Mr Nice Guy as a celebrity chef who unwittingly gets embroiled in a war between criminal gangs. Directed by Hong Kong's Sammo Hung Kam-bo , the English-language film was set in Melbourne and is packed with scenes of Chan showing off his typically acrobatic fighting style across the Australian city. Some scenes were shot near the laneways and distinctive arches of Melbourne's Chinatown that, after more than 160 years of boom and bust, is one of the oldest continuously occupied Chinese settlements in the Western world.
