Stocks fall deep into the red as trade war escalates

Tue, Jun 19, 2018, 8:58 AM

In this article:

Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer, Jared Blikre, Melody Hahm, and Julia La Roche discuss today’s big stories.

Today’s topics include:

Futures lower as US, China trade war intensifies
Trump to meet House GOP as pressure grows over family separations
Netflix stock price target $420: Piper Jaffray
Amazon bringing Alexa to some Marriott hotels
Wells Fargo merging wealth mgmt groups: WSJ
Roche buying remainder of Foundation Medicine for $2.4B
Apple fined $6.7M over Australian device repairs
Elon Musk alleges internal sabotage at Tesla
Comcast would max out debt if it buys Fox
Disney tests new theme park with a hefty price tag to customers

Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
Associated Press Finance
The US could give homeowners a $980 billion stimulus at no additional cost, 'Oracle of Wall Street' says
"As early as this summer, a proposed move could begin to unleash almost $1tn into consumers' wallets. By the autumn, it could be on its way to $2tn."
Business Insider
Here's the 1 Stock Warren Buffett Thinks Should Outperform the S&P 500 Without as Much Downside
A big cash pile protects the above-average core operations of this stellar company.
Motley Fool
This Dividend Stock Yields 4.4% and Has 15 Consecutive Years of Dividend Increases. Here's Why It's a Buy Now
This industry-leading company is out of favor and worth buying now.
Motley Fool
A 64-year-old 'peak boomer' worries his savings and Social Security won't be enough to retire: 'My biggest fear is finding myself at 75 standing at the door at Walmart.'
David Kirsch, 64, is hoping to live comfortably in retirement — but he isn't sure his savings and Social Security will cover his living expenses.
Business Insider
Why Warren Buffett's billions in cash at Berkshire Hathaway is a bearish stock market signal
Berkshire Hathaway cut its stake in Apple by about 13% as its cash pile hit a record high in the first quarter. A bearish signal all around?
Yahoo Finance
Buffett explains Berkshire's reduced stake in Apple at annual company meeting
Warren Buffett discussed Berkshire Hathaway's decision to reduce its stake in tech giant Apple at Berkshire's annual meeting on Saturday in Omaha, Nebraska.
Fox Business
Dow Jones Futures: Stock Market Makes Bullish Move, Nvidia In Buy Area; Palantir, These AI Plays On Tap
The market rally made a bullish move, with Nvidia flashing a buy signal. Palantir leads five AI stocks near buy points with earnings due.
Investor's Business Daily
This 8.3%-Yielding Dividend Stock Has Plenty of Fuel to Continue Producing Prodigious Amounts of Passive Income
MPLX is a well-oiled cash-producing machine.
Motley Fool
Billionaires Bill Gates and Warren Buffett Both Own This Stock -- and It's Trounced the S&P 500 Over the Long Run
This stock is clearly a favorite of both famous billionaires.
Motley Fool

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Stocks fall deep into the red as trade war escalates

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Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple

The US could give homeowners a $980 billion stimulus at no additional cost, 'Oracle of Wall Street' says

Here's the 1 Stock Warren Buffett Thinks Should Outperform the S&P 500 Without as Much Downside

This Dividend Stock Yields 4.4% and Has 15 Consecutive Years of Dividend Increases. Here's Why It's a Buy Now

A 64-year-old 'peak boomer' worries his savings and Social Security won't be enough to retire: 'My biggest fear is finding myself at 75 standing at the door at Walmart.'

Why Warren Buffett's billions in cash at Berkshire Hathaway is a bearish stock market signal

Buffett explains Berkshire's reduced stake in Apple at annual company meeting

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This 8.3%-Yielding Dividend Stock Has Plenty of Fuel to Continue Producing Prodigious Amounts of Passive Income

Billionaires Bill Gates and Warren Buffett Both Own This Stock -- and It's Trounced the S&P 500 Over the Long Run