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  • Tue, Feb 25 2020
  • 4:55 PM » Coronavirus watch, earnings, new home sales: 3 things to watch for in the markets on Wednesday
    Published Tue, Feb 25 2020 4:55 PM by CNBC
    We'll be looking for updates on the coronavirus, monitoring a slew of earnings and new home sales on Wednesday.
  • 2:06 PM » Director of busiest US port: Economic fallout from Coronavirus appears 'much worse' than SARS
    Published Tue, Feb 25 2020 2:06 PM by CNBC
    Gene Seroka, executive director of the Port of Los Angeles, told CNBC that he's basing his assessment on the sharp slowdown in shipping then and now.
  • 2:05 PM » As stocks sell off again, chart analyst sees buy signal in bond market
    Published Tue, Feb 25 2020 2:05 PM by CNBC
    The fear trade took over to begin the week. But, even with this recent turn to safety, Oppenheimer's head of technical analysis, Ari Wald, says the bond market bid could be flashing a buy signal for riskier stocks.
  • 2:05 PM » Kudlow says he's not expecting the Fed to make a 'panic move' and cut interest rates
    Published Tue, Feb 25 2020 2:05 PM by CNBC
    Kudlow says he's not expecting the Fed to make a 'panic move' and cut interest rates<br/>
  • 2:04 PM » FDIC: Fewer Problem banks, Residential REO Declined in Q4
    Published Tue, Feb 25 2020 2:04 PM by Calculated Risk Blog
    The FDIC released the Quarterly Banking Profile for Q4 2019 today: For the 5,177 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC), aggregate net income totaled $55.2 billion in fourth quarter 2019, a decline of $4.1 billion (6.9 percent) from a year ago. The decline in net income was led by lower net interest income and higher expenses. Financial results for fourth quarter 2019 are included in the FDIC's latest Quarterly Banking Profile released today. ... The Number of Banks on the "Problem Bank List" Remained Low: The number of problem banks fell from 55 to 51 during the fourth quarter, the lowest number of problem banks since fourth quarter 2006 . Total assets of problem banks declined from $48.8 billion in the third quarter to $46.2 billion. The Deposit Insurance Fund's Reserve Ratio Stood at 1.41 Percent: The Deposit Insurance Fund (DIF) balance totaled $110.3 billion in the fourth quarter, up $1.4 billion from the end of last quarter. The quarterly increase was led by assessment income and interest earned on investment securities held by the DIF. The reserve ratio remained unchanged from the previous quarter at 1.41 percent. Mergers and New Bank Openings Continued in the Fourth Quarter: During the fourth quarter, three new banks opened, 77 institutions were absorbed by mergers, and three banks failed. emphasis added Click on graph for larger image. The FDIC reported the number of problem banks declined slightly. This graph from the FDIC shows the number of problem banks declined to 51 institutions from 60 at the end of 2018. Note: The number of assets for problem banks increased significantly in 2018 when Deutsche Bank Trust Company Americas was added to the list (it must still be on the list given the assets of problem banks). The dollar value of 1-4 family residential Real Estate Owned (REOs, foreclosure houses) declined from $2.65 billion in Q4 2018 to $2.27 billion in Q4 2019. This is the...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:44 AM » U.S. consumer confidence nudges up in February
    Published Tue, Feb 25 2020 10:44 AM by Reuters
    U.S. consumer confidence edged up in February, suggesting a steady pace of consumer spending that could support the economy despite growing fears over the impact of the fast spreading coronavirus, which have roiled financial markets.
  • 9:26 AM » Housing market strength underpins Home Depot's holiday-quarter results
    Published Tue, Feb 25 2020 9:26 AM by Reuters
    Home Depot Inc benefited from a solid U.S. housing market and higher job growth that led consumers to spend more at its stores in the holiday shopping quarter, helping the home improvement chain beat sales and profit estimates.
  • 8:39 AM » Multifamily Built-for-Rent: 94% Market Share
    Published Tue, Feb 25 2020 8:39 AM by
    An elevated rental share of multifamily construction is holding typical apartment size below levels seen during the pre-Great Recession period. According to fourth quarter 2019 data, the average per unit square footage of multifamily housing construction starts was 1,074, off from the post-recession high set at the start of 2015 (1,247 square feet). The median was 1,053 square feet for... Read More ›
    Click Here to Read the Full Article

  • 8:03 AM » 'This is different' — El-Erian warns against buying this pullback amid coronvirus fears
    Published Tue, Feb 25 2020 8:03 AM by CNBC
    Disruptions to earnings and the economy from "shock" events such as the coronavirus tend to stick around longer than more fundamental downturns, the Allianz chief economic advisor said.
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