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May 6, 2016

DealBook P.M. Edition on May 6, 2016: Top story: Gretchen Morgenson: Ending Tax Break for Ultrawealthy May Not Take Act of Congress.

 
Friday, May 6, 2016
TOP STORY
Tax experts said that the carried interest loophole could be closed by President Obama's Treasury Department.
Gretchen Morgenson: Ending Tax Break for Ultrawealthy May Not Take Act of Congress Some experts say President Obama could abolish the carried interest tax break, which mostly benefits the top one-tenth of the 1 percent in income.

WSJ | Most Actives Closing on May 6, 2016.

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:46 pm ET 05/06/2016
NYSE

WSJ | Biggest Gainers Closing on May 6, 2016.

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:46 pm ET 05/06/2016
NYSE

WSJ | Biggest Decliners Closing on May 6, 2016.

The Wall Street Journal Biggest Decliners Closing
Biggest Decliners
4:31 pm ET 05/06/2016
NYSE

Wall Street at Close Report on May 6, 2016, by CNBC: Stocks End Higher, After Jobs, Dow Posts First 2-Week Losing Streak Since Feb

cnbc.com

Evelyn Cheng
 
U.S. stocks closed higher Friday, amid gains in oil prices, after the headline figure in the April employment report missed expectations.

NYT | Opinion Pages: Paul Krugman - May 6, 2016: "Truth and Trapism"

nytimes.com

Paul Krugman
 
How will the news media handle the battle between Hillary Clinton and Donald Trump? I suspect I know the answer — and it’s going to be deeply frustrating. But maybe, just maybe, flagging some common journalistic sins in advance can limit the damage. So let’s talk about what can and probably will go wrong in coverage — but doesn’t have to.

The Guardian | World | Europe: EU -Turkey Visa Deal on Brink as Erdogan Refuses to Chage Terror Laws.

theguardian.com
 
Jennifer Rankin
A visa-free travel deal between the EU and Turkey was on the brink of collapse on Friday night, after Turkey’s president insisted he would not change his country’s anti-terrorism laws, a key condition of the agreement. “We’ll go our way, you go yours,” said Recep Tayyip Erdoğan.

CMI | Spot Prices as of Close of Trading in New Yorrk on May 6, 2016

Spot Prices as of traditional New York closing times

Friday, May 06, 2016


 

European Markets at Close Report on May 6, 2016, by CNBC: Europe Ends The Day Down After U.S. Jobs Disappoints

cnbc.com
 
Holly Ellyatt, Alexandra Gibbs
 
European stocks closed mostly in the red on Friday as the latest U.S. jobs figure came in below expectations and a renewed downturn in commodity stocks and prices weighed on sentiment.

BLS News Release - May 5, 2016: Employment Situation: Unemployment Rate Unchaged.

  Bureau of Labor Statistics

Payroll employment increases by 160,000 in April; unemployment rate unchanged at 5.0%

05/06/2016
Total nonfarm payroll employment increased by 160,000 in April, and the unemployment rate was unchanged at 5.0 percent. Employment increased in professional and business services, health care, and financial activities. Job losses continued in mining.

U.S. Stock Market Future Indications Update - May 6, 2016, by MarketWatch: U.S. Stock Futures Extend Losses After Disapointed Jobs Report.

marketwatch.com

Anora Mahmudova, Sara Sjolin
U.S. stock futures extended modest losses after official employment report came in below expectations, in a sign the U.S. economy still hasn’t recovered from an early-year chill.
Companies scaled back hiring in April, adding just 160,000 new jobs, while the unemployment rate remained unchanged at 5%.

NYT First Draft on Politics - May 6, 2016: Trump and Ryan Face Off Across a Splitting Sea by Maggie Haberman.

Friday, May 6, 2016

The New York Times

The New York Times

Friday, May 6, 2016

Donald J. Trump at a campaign rally in Charleston, W.Va., on Thursday.
Donald J. Trump at a campaign rally in Charleston, W.Va., on Thursday. Ty Wright for The New York Times
Trump and Ryan Face Off Across a Splitting Seam
By MAGGIE HABERMAN

Bloomberg Politics - May 6, 2016: Sanders' Plan to Win Over Cliton Superdelegates More Rethoric Than Action

bloomberg.com
 
Arit John aritbenie
Bernie Sanders' effort to persuade Democratic superdelegates to switch to his side from Hillary Clinton's so far is more a rhetorical flourish than an active campaign.

DealBook Today's Top Headlines - May 6, 2016: Donald Trump Names Hedge Fund Manager as National Finance Chairman | Energy Transfer Sees a Way Out of Its Deal With Williams | A Tussle Over Law School's Acceptance of GRE Test Scores.

 
Friday, May 6, 2016
TODAY'S TOP HEADLINES
By AMIE TSANG
DONALD TRUMP NAMES HEDGE FUND MANAGER AS NATIONAL FINANCE CHAIRMAN Donald J. Trump is turning his attention to the general election and has started reaching out to the Republican establishment as he seeks to unite the party behind his candidacy, Ashley Parker and Maggie Haberman report in The New York Times.

U,S, Stocks Market Future Indications - May 6, 2016: U.S. Stock Futures on the Fence with Investors Uneasy Ahead of Key Jobs Data.



marketwatch.com


Sara Sjolin
U.S. stock futures struggled for direction on Friday, as investors opted to stay on the sidelines ahead of the closely watched jobs report which could help to determine the chances of a rate hike in June.

MarketWatch | Gold Futures - may 6, 2016:U.S. Stock Futures on the Fence With Investors Uneasy Ahead of Key Data


 

marketwatch.com

Sara Sjolin
 
U.S. stock futures struggled for direction on Friday, as investors opted to stay on the sidelines ahead of the closely watched jobs report which could help to determine the chances of a rate hike in June.

Bloomberg View - May 6, 2016: Nearly 13 Ways of Looking at Trump

bloomberg.com

What Happens Next, America?

Republican front-runner Donald Trump continued to dominate the news Thursday, scuffling with House Speaker Paul Ryan and courting Hispanic voters in his inimitably offensive way. With the Republican National Convention just weeks away, Francis Wilkinson warns that a failing GOP could drag American democracy down with it. Meanwhile, Noah Feldman says Trump's radical ideas on terror and trade could find support -- and even precedents -- in U.S. law.

Asian Markets at Close Report on May 6, 2016, by MarketWatch: China Stocks Slide Nearly 3% on Worries About Looming Bond Defaults.

marketwatch.com
 
Dominique Fong 
 
Shares in Asia mostly edged lower Friday amid caution before a key U.S. jobs report, but China stocks were down more sharply over rising defaults and regulatory concerns..

The Guardian | UK | Media | Sir martin Sorel | Media Monkey - May 6, 2016: Media Monkey: Martin Sorrel, Rupert Murdoch and Jeremy Irons.

theguardian.com

Monkey
 
With Sir Martin Sorrell able to calmly repel insolent questions about his £70m pay package by pointing to healthy sales growth at WPP, Monkey is concerned that he’s not being interrogated about the marked lack of innovation and improvement in one area – the ever-changing metaphors for his company or the economy for which he was once renowned.