The days of America as the most powerful economy in the world are numbered, and when that torch finally passes, it will be difficult to go back, according to a recent report.
To read: China's trade surplus with US records was recorded in 2018
In our call of the day, Standard Chartered predicts that China's GDP will exceed the US next year. Moreover, within another decade, India is anchored to push the United States even further down the list:
"The global middle class is at a critical point," writes Standard Chartered researcher Madhur Jha in the report. "By 2020, the majority of the world's population will be classed as middle class, and Asia will drive the rise of middle-class populations even if the middle classes are stagnating in the West."
While the shock has come a long time, the handover could actually take place under Trump's clock. I can not wait for the tweet.
About tweet Trump, here's what the president did on Sunday:
If Elizabeth Warren, often referred to by me as Pocahontas, had advertised by Bighorn or Wounded Knee instead of her kitchen, with her husband dressed in Indian clothes, it would have been a hit! pic.twitter.com/D5KWr8EPan
– Donald J. Trump (@realDonaldTrump) January 14, 2019
But let's get back to the call …
The Visual Capitalist followed a chart to add a little color about how the review of the status quo will look over the next twelve years:
"With the gap between emerging and developed economies closing at a pace apparently faster than ever," says Visual Capitalist's Jeff Desjardins in a blog post, "this should be seen as an interesting opportunity for all investors who have a long-term vision ".
Meanwhile, with the US government still on hold, the fate of Brexit poised and volatility dominating global markets, investors should feel rather angular to the week. This state of mind is soon reflected in the markets.
The European markets are weaker, until they reach the European Parliament vote on the Tuesday Therme Brexit agreement. Traders have doubts that they will be able to get enough votes to carry forward his exit plan from the EU before the March 29 deadline, which could be rejected. It may warn on Sunday that legislators could undermine public confidence in democracy if they reject their divorce agreement.
The FTSE 100
fell into uncertainty, while the rest of Europe
he also came under pressure.
The Dow Jones Industrial Average
, S & P 500
and Nasdaq Composite
all negotiations are lower. Raw
it is also in red, while gold
GCH9, + 0.21%
is managing another increase.
The Japanese Nikkei
NIK, + 0.97%
it is closed for a holiday, but other Asian markets
he could not shake the sale.
See more in Market Snapshot
About a year ago, this view of inflation was hailed as "one of the most important cards of the century". Now, Mark Perry, a professor of economics at the University of Michigan, has updated it to show that not much has changed:
PG & E
The shares are taking over after the Californian utility announced it would file a bankruptcy application around January 29th. In addition, CEO Geisha Williams resigned on Sunday. The stock has plummeted in recent months as the company is struggling with tens of billions of dollars in potential liabilities from the devastating fires its equipment has caused in recent years.
It's a M & A Monday. Goldcorp
GG, + 10.01%
is rising to rival news Newmont Mining
he will buy it in a deal all in shares worth $ 10 billion. Gannett
GCI, + 16.36%
he is in rally mode after the USA Today publisher stated that he has obtained a purchase offer from the MNG Enterprises hedge fund.
The earnings news started with Citi
C, + 3.20%
mixed results. The stock has increased by over 3% in early trading.
Megyn Kelly is officially released at NBC and, according to CNN, she is taking her entire $ 69 million contract – about $ 30 million still to be paid – with her as she leaves a trail of controversy, including her blackface defense.
It's not just Donald Trump, but Alexandria Ocasio-Cortez is kicking off the kind of social media buzz that most "influencers" can only dream of. In fact, the newly elected parliamentary has generated more social interactions in the last month than the top five news sites combined, according to this Axios chart:
To read: AOC bangs Daily Caller for the fake false nude title
"We talked about a huge investment in electric vehicles, we have 16 models in the design and development phase, and we have a big surprise next year" – Jim Hackett, CEO of Ford Motor, talking to CNBC on Sunday ahead of the great Detroit Auto Show this week. Ford
F, + 1.30%
I could use some positive surprises, considering how painful the title has been these days.
$ 950 million – According to Bill Financial, this is what Bill Gross currently manages in Janus Henderson's Global Unconstrained Bond fund. Not bad, unless you put it in perspective. Until 2014, Gross managed over $ 300 billion before switching from Pimco to Janus. His performance does not help things. The fund lost 3.9% last year against a 1.2% decline for its peer group, according to Morningstar.
L & # 39; economy
How much we will earn this week in terms of economic outputs depends on whether the government returns to work. So do not hold your breath. Regardless, Monday is not anything interesting, but an overview of retail sales and housing is expected starting this week, pending the madness in Washington. We'll see.
To read: The shutdown of the government poses the threat of the shock of agricultural data
Apparently, it is not OK to drink wine from a can of Pringles while driving around an electric cart at a Walmart
WMT, + 0.21%
For those of you worried that Anthony Scaramucci could get away from the spotlight, do not worry! CBS
CBS, + 0.33%
he gives you his back
Car thief steals $ 42 million in cash and stuff from a car in the Hamptons.
Golf is suffering … and so are the people who own houses in the field.
Move, Kylie Jenner, there is a new sensation on Instagram: an egg.
And the beginning of the end of "Game of Thrones" has almost come. Here is a preview of what we will see on April 14th:
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