Baccardax, a former bond salesman who spent 8 years on the trading floor in Toronto and London, has worked in and around the global financial markets for more than 25 years, covering companies from birth in the bond markets to death in the bankruptcy courts -- and all points in between.
Following television stints with CNBC Europe in London, where he served as on-air Economics editor co-anchor of the Closing Bell program, Baccardax was named London Bureau Chief in October 2016.
U.S. listed tech stocks extended their slump Tuesday, with each of the so-called FAANG names sliding into bear market territory after giving back nearly $1 trillion in value from their recent peaks amid persistent concerns over consumer demand, U.S.-China trade talks and rising interest rates.
Lowe's posted weaker-than-expected same stores sales growth for its fiscal third quarter, and said it would sell some of its non-core businesses and its operations in Mexico, as the number-two home improvement retailer attempts to challenge Home Depot's domestic dominance.
Target shares were indicated sharply lower in pre-market trading Tuesday after it posted weaker-than-expected third quarter earnings but narrowly missed estimates for same-store sales amid a mixed set of numbers for the country's biggest retailers.
Kohl's posted stronger-than-expected third quarter earnings Tuesday, and boosted its full year outlook, but shares in the group were indicated sharply lower in pre-market trading as retail sector stocks fell amid disappointing holiday-season forecasts.
Global stocks extended declines Wednesday, with tech and auto sector shares leading to the downside, as investors exited risk markets all over the world amid persistent signals of slowing economic growth and questions of the fate of U.S. China trade talks.
FAANG stocks are sliding into bear market territory, retail earnings dominate today's corporate calendar, housing starts and building permits will test US rate hike bets, Boston Scientific makes $4.2 billion U.K. play and Carlos Ghosn could be left by the roadside - Five Things You Must Know Before the Bell.
The China-focused online retailer is backed by Walmart and Alphabet.
AAPL is down roughly 20% from its October peak.
Nissan CEO Hiroto Saikawa said Monday that chairman Carlos Ghosn has been arrested and that the board will propose removing the world's best-known auto executive at a special meeting Thursday following allegations of "serious misconduct" that followed an investigation in cooperation with Japan's Public Prosecutors Office.
Global stocks traded mixed Monday amid conflicting signals on progress in trade talks between the U.S. and China, a bullish reaction to last week's suggestion from Federal Reserve Vice Chairman Richard Clarida that slowing global growth could tame U.S. rate hikes even as the domestic economy continues to flourish and reports that Renault Nissa boss Carlo Ghosn faces arrest in Japan over charges of financial misconduct.
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