Real Time Economics: The U.S. and China Are Fighting About More Than Just Trade


This post is by Jeffrey Sparshott from Real Time Economics


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This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here.

Good morning. This week brings key manufacturing, consumer spending and inflation data, remarks from Fed Chairman Jerome Powell, and a meeting between President Trump and his Chinese counterpart, Xi Jinping. Jeff Sparshott here to help you get ready for another busy week of economic news. Send us your questions, comments and suggestions by replying to this email.

It’s Not Just a Trade Fight

The Trump administration is examining whether to require next-generation 5G cellular equipment used in the U.S. be designed and manufactured outside China. The move could reshape global manufacturing and further fan tensions between the countries, Stu Woo and Dustin Volz report.

Real Time Economics: The Fed Didn’t Cut…Yet


This post is by Jeffrey Sparshott from Real Time Economics


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The Fed didn’t give President Trump an interest-rate cut, women are working more and sleeping less, and investors are squeezing first-time buyers out of the housing market. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email.

An Ounce of Prevention

Federal Reserve officials held interest rates steady but suggested they would cut them in the months ahead if the economic outlook doesn’t improve, Nick Timiraos reports.

Get a Job!


This post is by Barry Ritholtz from The Big Picture


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My Bloomberg column on Monday was headlined, “How to Invest and Profit in the Next Recession. I discussed 4 things you should do in anticipation of whenever the next economic contraction happens to come along: 1. Clean out your portfolio 2. Pay down debt 3. Be ready to buy when stock prices plunge 4. Check…

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The post Get a Job! appeared first on The Big Picture.

Real Time Economics: Trump Eases Tensions with China, Ratchets Up Pressure on Fed


This post is by Jeffrey Sparshott from Real Time Economics


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It’s Fed day! The central bank is under unusal pressure as it considers cutting rates, U.S.-China trade talks are back on track and American employers are getting stingier with bonuses. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email.

Trump and Xi to Meet

President Trump and Chinese President Xi Jinping agreed to meet in Japan next week, lifting financial markets and spurring hopes for a trade truce, Vivian Salama, William Mauldin and Josh Zumbrun report. Both sides are under pressure to get back to the bargaining table.

Real Time Economics: U.S.-China Tensions Spread Across the Economy


This post is by Jeffrey Sparshott from Real Time Economics


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U.S. inflation numbers are out today, Chinese money is suddenly toxic in Silicon Valley, and students in Jersey City are getting a chance to earn free college and a $70,000 a year job. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email.

U.S.-China Tensions Hitting Silicon Valley

The Chinese cash that powered Silicon Valley is suddenly toxic. Since late last year, venture firms with China ties have been dialing back their U.S. investments, structuring deals to avoid regulators or shutting their U.S. offices. Some American venture firms are dumping their Chinese limited partners and some U.S. startups are trying to push their Chinese investors out to Continue reading “Real Time Economics: U.S.-China Tensions Spread Across the Economy”

Real Time Economics: U.S.-China Tensions Spread Across the Economy


This post is by Jeffrey Sparshott from Real Time Economics


Click here to view on the original site: Original Post




This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here.

U.S. inflation numbers are out today, Chinese money is suddenly toxic in Silicon Valley, and students in Jersey City are getting a chance to earn free college and a $70,000 a year job. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email.

U.S.-China Tensions Hitting Silicon Valley

The Chinese cash that powered Silicon Valley is suddenly toxic. Since late last year, venture firms with China ties have been dialing back their U.S. investments, structuring deals to avoid regulators or shutting their U.S. offices. Some American venture firms are dumping their Chinese limited partners and some U.S. startups are trying to push their Chinese investors out to Continue reading “Real Time Economics: U.S.-China Tensions Spread Across the Economy”

Real Time Economics: Just How Tight Is the Labor Market?


This post is by Jeffrey Sparshott from Real Time Economics


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The number of U.S. job openings has outpaced the number of unemployed for 14 straight months, the Fed is trying not to listen to the president, and gasoline prices are falling just in time for a trip to the beach. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email.

Career Opportunities

The number of job openings exceeded the number of unemployed Americans by the largest margin on record in April, signaling difficulty finding workers in a tight market, Sarah Chaney reports.

Real Time Economics: Employers Tap the Brakes


This post is by Jeffrey Sparshott from Real Time Economics


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The May employment report wasn’t pretty. The U.S. added just 75,000 jobs and the prior two months were revised down by a combined 75,000. Investors may expect the softer jobs data, alongside some other so-so economic indicators and heightened global trade tensions, to push the Federal Reserve toward cutting interest rates. Jeff Sparshott and Greg Ip here to take you through some of the numbers.

A Reason to Worry, a Little

May’s surprisingly soft 75,000 rise in nonfarm payrolls is, fundamentally, fine: it’s about what the U.S.’s slow-growing population can sustain over the long run. Claims for unemployment insurance and confidence surveys point to solid labor demand inconsistent with a recession. Yet there are reasons to worry, a little:

Real Time Economics: The Fed Thinks About Cutting Rates, Jobs Report in Focus


This post is by Jeffrey Sparshott from Real Time Economics


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The Fed and the European Central Bank are thinking about rate cuts, tariffs are still looming for Mexico, and we’ll all be watching to see what today’s jobs report says about the economy. Good morning. Jeff Sparshott here to take you through key economic developments from around the world. Send us your questions, comments and suggestions by replying to this email.

As Soon as June?

The Federal Reserve has some difficult choices. A month ago, Chairman Jerome Powell played down speculation of a rate cut this summer. Now officials face a darker economic outlook and heightened trade tensions, making one possible—if not at their meeting on June 18-19, then in July or later, Nick Timiraos reports.

Real Time Economics: Will Trump Really Impose Tariffs on Mexico?


This post is by Jeffrey Sparshott from Real Time Economics


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President Trump says tariffs on Mexico start Monday, Greg Ip likens a full-scale trade war to 1973’s Arab oil embargo, and a 50-year low for unemployment masks deep structural changes in the labor market. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email.

Across-the-Board Tariffs

President Trump said 5% tariffs on goods from Mexico will start Monday unless the two sides come closer to a deal on immmigration, Josh Zumbrun, Louise Radnofsky and Juan Montes report.

Real Time Economics: Fed Promises to Ride to the Rescue


This post is by Jeffrey Sparshott from Real Time Economics


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The Fed wants the expansion to keep going and going and going, employers need to draw more workers off the labor market’s sidelines, and China is warning its citizens away from visiting the U.S. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email.

Fed to Markets: We Got Your Back

Federal Reserve officials are watching the recent escalation in trade tensions. And if those tensions cause the economy to deteriorate, they could respond by cutting interest rates, Nick Timiraos reports.

Real Time Economics: What’s the Biggest Threat to the U.S. Economy?


This post is by Jeffrey Sparshott from Real Time Economics


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The WSJ’s Jon Hilsenrath looks at threats to the 10-year expansion, U.S. factories are flashing some warning signals and Australia became the largest developed economy to cut interest rates so far this year. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email.

Keep on Truckin’

Economies don’t just wear down and peter out. Shocks and bad policy decisions knock them off course. The WSJ’s Jon Hilsenrath looks at what’s going right, and what could go wrong, as the U.S. expansion reaches its 10-year mark this month—and (probably) becomes the longest on record in July.

Real Time Economics: China Retaliates, U.S. Prepares to Escalate


This post is by Jeffrey Sparshott from Real Time Economics


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The U.S.-China trade fight is heating up and Amazon is giving employees money to quit. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email.

U.S.-China: It’s Getting Hot In Here

The U.S.-China trade dispute is escalating.

  • Beijing retaliated against higher U.S. tariffs with plans to increase levies on $60 billion in U.S. imports.
  • Washington laid out nearly $300 billion of new Chinese imports that would face 25% levies as early as this summer.
  • President Trump said he plans to meet with Chinese President Xi Jinping next month when he is in Japan for a Group of 20 summit. That might be the best chance for Continue reading “Real Time Economics: China Retaliates, U.S. Prepares to Escalate”

Real Time Economics: U.S. and China Hit a Wall


This post is by Jeffrey Sparshott from Real Time Economics


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Good morning. Jeff Sparshott here to take you through key developments in the global economy. Today we take deep dives into the U.S.-China trade fight and what worker pay is telling us about the labor market. Send us your questions, comments and suggestions by replying to this email.

U.S.-China: The Good, the Bad and the Ugly

  • The good: The U.S. and China are still talking. China invited U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to Beijing to continue trade negotiations.
  • The bad: The two nations haven’t found a formula for successful negotiations, and the U.S. officials haven’t even firmed up plans to travel yet.
  • Bridging the trade rift may ultimately depend on the personal chemistry between President Trump and Continue reading “Real Time Economics: U.S. and China Hit a Wall”

Real Time Economics: U.S. Hits China With Tariffs as Trade Talks Continue


This post is by Jeffrey Sparshott from Real Time Economics


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This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here.

Trade tensions are rising, economists expect faster wage gains, growth in Europe is looking up and closely watched U.S. inflation data is out early today. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email.

Trade Fight Heats Up

The U.S. increased tariffs on $200 billion of Chinese goods to 25% Friday. The hike went into force hours after U.S. and Chinese negotiators met in hopes of getting troubled trade talks back on track. Discussions are set to resume today, Bob Davis and Josh Zumbrun report.

Real Time Economics: U.S. Readies Tariffs, China Prepares Retaliation


This post is by Jeffrey Sparshott from Real Time Economics


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This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here.

Good morning. Jeff Sparshott here to take you through key developments in the global economy. We have a full rundown of U.S.-China trade talks, reader feedback on tariffs and a look at Walmart’s $175,000-a-year store managers. Send us your questions, comments and suggestions by replying to this email.

China Plays Hardball

China’s new hard line in trade talks surprised the White House and threatens to derail negotiations. Why did they change tack? Beijing interpreted recent statements and actions by President Trump as a sign the U.S. was ready to make concessions, Lingling Wei and Bob Davis report.

Real Time Economics: Trump Threatens to Ramp Up China Tariffs


This post is by Jeffrey Sparshott from Real Time Economics


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The White House is escalating with China and the Federal Reserve, nations around the globe are running a real-time minimum wage experiment, and the gig economy is struggling with a tight labor market. Good morning. Jeff Sparshott here with the day’s top economic news. Send us your questions, comments and suggestions by replying to this email.

TARIFF MAN RETURNS

President Trump threatened to ramp up U.S. tariffs on Chinese imports. The surprise announcement puts in doubt a quick accord between the world’s two biggest economies, Bob Davis, Rebecca Ballhaus and Lingling Wei report.

Real Time Economics: Hiring Picks Up, Unemployment Drops Down


This post is by Jeffrey Sparshott from Real Time Economics


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U.S. employers added 263,000 jobs and the unemployment rate fell to a near half-century low of 3.6% in April. Jeff Sparshott and Greg Ip here to take you through some of the numbers.

A CAUTIONARY NOTE ON SUPPLY-SIDE REVIVAL

A pickup in labor force and productivity growth in the last year had suggested the economy’s supply side—the ultimate determinant of long-run prosperity—is awakening from a decadelong slumber. However, the April jobs report raises a cautionary note. The drop in the unemployment rate to a near-50 year low was helped by a big decline in the labor force from the prior month. From a year earlier the labor force grew 0.6%, down sharply from 1.6% in December. The share of the population participating in the labor market Continue reading “Real Time Economics: Hiring Picks Up, Unemployment Drops Down”

Charts: Hiring Accelerates and Unemployment Falls in April


This post is by Harriet Torry and Jeffrey Sparshott from Real Time Economics


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U.S. employers added 263,000 jobs and the unemployment rate fell to a near half-century low of 3.6% in April.

The total number of nonfarm payroll jobs rose by 1.76% over the past year. The strong April jobs report marks a pickup after a mixed winter for hiring, with strong payroll gains in December and January, followed by a weak February and better job growth in March.

Weekly wage growth slowed in April, to a 2.9% year-over-year pace. That’s the first time it slipped below the 3% mark since January 2018. Hourly wages increased at a 3.2% pace over the past year in April, the same as in March.

In good news for workers, some of the Labor Department’s broader measures of unemployment declined in April. Still, the broadest measure of underemployment, which also includes part-time workers who would like full-time work, has been unchanged since Continue reading “Charts: Hiring Accelerates and Unemployment Falls in April”

Real Time Economics: U.S. Workers Are Finally Getting More Productive


This post is by Jeffrey Sparshott from Real Time Economics


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This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here.

It’s jobs day! We’ll have a special edition of our newsletter after the U.S. employment report is out. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email.

SOLVING THE PRODUCTIVITY PUZZLE

U.S. worker productivity improved during the past year at the best pace in nearly a decade. If sustained, that would help lay the groundwork for stronger wage growth and continued economic expansion, Eric Morath reports.