Deere Co DE Earnings Report Lowers Profit Outlook
Deere Co DE Stock Chart 5.17.19 Before Earnings
Deere Co DE profit falls 6.1%, cuts FY19 profit and sales outlook
(Reuters) – Deere Co DE on Friday reported a 6.1% fall in second-quarter profit, hit by higher production costs and lowered its full-year outlook for profit and sales.
The U.S. farm equipment maker said it now expects full year equipment sales to rise by 5 percent, compared with a 7 percent rise, previously.
The company lowered its fiscal 2019 profit outlook to $3.3 billion, from its prior forecast of $3.6 billion.
reuters.com/deere-co-de-profit-falls
Cramer: Trump no longer cares if his China policies hurt American businesses
President Donald Trump has practically “blacklisted” Chinese telecommunications giant Huawei and made it crystal clear that he does not want American companies doing business with the country, CNBC’s Jim Cramer said Thursday.
That tanked the shares of a group of chipmakers — Qualcomm, Skyworks Solutions, Broadcom, Micron, and Xilinx — as much as 7.3%, he argued.
cnbc.com/2019/05/16/cramer-trump-doesnt-care
China Downplays Chances for Trade Talks While U.S. Plays ‘Little Tricks’
China’s state media signaled a lack of interest in resuming trade talks with the U.S. under the current threat to escalate tariffs, while the government said stimulus will be stepped up to buttress the domestic economy.
Without new moves that show the U.S. is sincere, it is meaningless for its officials to come to China and have trade talks […]
