- Worries about the U.S.-China trade war are running high during the current U.S. quarterly reporting season, with companies as diverse as Juniper Networks and O’Reilly Automotive bemoaning the consequences but saying they are finding ways to weather the storm.
Tariffs were mentioned in about a third of conference calls held by S&P 500 companies reporting their quarterly results through July 26, according to FactSet. The 71 firms flagging tariffs were up from the 50 companies discussing tariffs in the same time frame in the first-quarter season, but less than the 99 a year ago when tariffs were an emerging issue for U.S. corporations.
Network gear maker Juniper Networks Inc on Thursday missed the mid-point of its margin guidance due to the tariffs, saying it expected pressure to continue, even as it manages its operating expenses to mitigate the damage. Roughly 76% of the 222 companies that have reported as of Monday morning have beaten analysts’ earnings expectations, in line with the recent trend.
In Italy matteosalvinimi, the only place Chinese products are sold is in Vatican City Pontifex. Every gift shop is run by Chinese & everything is stamped PRC- Peoples Republic of China, communism on display. In the states products are labeled Made in China, inferring capitalism
Why? They should be operating on the assumption that USA, and China the enemy, will never be trading with each other ever again. cvpayne
These 'new' talks will continue until 2020, 2024 if Trump occupies America for another term.
Is this news 'US companies having trade jitters'. When news channels have nothing to report.
The paper tiger is going to cave, or face further business and investment money siphon out of China -- like they have been since the tariffs went into effect.
The president F'ed up.
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