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Stocks soar on hopes for government stimulus, US-China trade war deal

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Asian and European equities and US futures jumped on Monday as traders bet on a surge of government stimulus and celebrated a better outlook for the US-China trade war.

China announced new loans will largely be benchmarked against rates that banks charge their best customers, promising cheaper borrowing for both households and companies, according to Bloomberg. Germany indicated it could find $55 billion to combat recession, according to Reuters, after its economy shrunk last quarter. Jerome Powell, chair of the US Federal Reserve, might signal further cuts to interest rates this year in a speech later this week.

All three factors are “helping boost the mood on Monday,” Jasper Lawler, head of research at London Capital Group, said in a morning note. “Growing expectation of stimulus measures from countries across the globe is going a long way to boost sentiment.”

Meanwhile, Donald Trump eased fears of further escalation in the trade war between the world’s two largest economies. “We are doing very well with China, and talking!” the US president tweeted on Sunday. His economic director, Larry Kudlow, added there have been “positive” calls between the two sides, according to Bloomberg.

However, Trump warned any deal could be scuppered if the Chinese government resorts to violence to quell ongoing protests in Hong Kong. He also raised doubts over whether his administration will extend exemptions from the ban on US companies trading with Chinese tech titan Huawei for another 90 days.

Here’s the market roundup as of 10:20 a.m. (5:20 a.m. EST):

  • Asian stocks rose with China’s Shanghai Composite up 2.1%, Japan’s Nikkei up 0.7%, and Hong Kong’s Hang Seng up 2.2%.
  • European equities climbed with Britain’s FTSE 100 up 0.7%, Germany’s DAX up 0.8%, and the Euro Stoxx 50 up 0.7%.
  • US stocks are poised for a positive open. Futures underlying the Dow Jones Industrial Average and S&P 500 rose 0.8%, while Nasdaq futures rose 0.9%.
  • Oil prices jumped with West Texas Intermediate crude up 0.9% at $55.30 a barrel, and Brent up 0.8% at $59.10.
  • Gold dropped by 1% to $1,508 as investors dropped the haven asset for riskier holdings.



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The CW ‘Crisis on Infinite Earths’ crossover cameos and appearances

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  • Warning: There are major spoilers ahead for “Crisis on Infinite Earths.”
  • The CW kicked off the Arrowverse’s big “Crisis on Infinite Earths” crossover on Sunday. 
  • The five-part event will conclude on January 14, 2020. 
  • The first episode featured plenty of notable appearances, aside from the network’s current stars. 
  • Visit Insider’s homepage for more stories.

The CW’s highly-anticipated Arrowverse crossover, titled “Crisis on Infinite Earths,” began on Sunday.

On the episode, which is one of five total, superheroes from across the multiverse united to prevent complete destruction as anti-matter swept across several Earths. This included Earth-38, which is home to Supergirl/Kara Danvers (Melissa Benoist). Oliver Queen/Green Arrow (Stephen Amell), who kickstarted the network’s Arrowverse in 2012, also died trying to save billions of citizens from the aforementioned Earth.   

In addition to the actors from “Arrow,” “Supergirl,” “The Flash,” “Batwoman,” “Legends of Tomorrow,” and “Black Lightning” that will appear throughout the crossover (which concludes with two back-to-back episodes on January 14, 2020) some other stars are expected to make cameos.  

Here are all the celebrities who had cameos, so far. 



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TV shows coming out in 2020 that we’re most excited for

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  • Numerous TV shows will make their debut in 2020, from reboots of beloved classics like Disney Plus’ “Lizzie McGuire” to original shows like “The Outsider” from HBO. 
  • Other shows, like the CW’s “Katy Keene,” will also premiere in the coming year. 
  • And 2020 will see the return of hit series like HBO’s “Succession” and “Westworld.” 
  • Visit Insider’s homepage for more stories. 

Plenty of exciting new shows are set to premiere in 2020, from reboots of beloved classics like Disney Plus’ “Lizzie McGuire” and “Clueless” to original shows like HBO’s “The Outsider.” 

Other series, like Hulu’s “Normal People” and “Nine Perfect Strangers,” will also make their debut in the coming year. 

With so many new shows premiering in 2020, it can be tough to keep track of which shows to add to your watch list. That’s why we’ve compiled the 12 TV shows we’re most excited about that are premiering in 2020. 



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The 8 most overhyped TV shows of the year

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“Big Little Lies” season two was an unnecessary addition to what many considered a perfect first season of TV.

Big Little Lies season 2

Meryl Streep joins the star-studded cast for season two of “Big Little Lies.”
HBO


Oscar-winning legend Meryl Streep made the rare move of joining a television project for the second season of “Big Little Lies,” and people were equal parts thrilled and excited to see her joining the already incredible ensemble.

Unfortunately, the new episodes didn’t add enough to the overall story and instead wound up being disappointing. 

The New Yorker writer Doreen St. Félix wrote about the “disappointing, Emmy-baiting” season two finale, saying the entire season “probably should not have been made, or, rather, recycled from the first.”

“Big Little Lies” wound up getting nominated for a Golden Globe, and it was just one of many shows we believe didn’t deserve the award nod.

“The Case Against Adnan Syed” was another overblown HBO series that came out this year.

the case against adnan syed

“The Case Against Adnan Syed” premiered on March 10, 2019.
HBO


Perhaps the true crime documentary is simply oversaturated these days, but “The Case Against Adnan Syed” failed to captivate the world’s attention in the way the original examination of this unsolved crime did with the “Serial” podcast. 

Though well-received by critics, the documentary fell flat for audiences who might have been hoping to see new evidence uncovered about the heart-wrenching case. The real-world effects didn’t work out as hoped, either, since the Supreme Court recently rejected Syed’s request for a new trial. 

“13 Reasons Why” season three was an unmitigated disaster.

13 reasons why

Dylan Minnette on “13 Reasons Why.”
David Moir/Netflix


With a tanking reputation among critics and Netflix subscribers alike, this drama series just seems to get worse with each season. The new episodes were marketed with an attempt to engage the audience with a mystery (“Who killed Bryce Walker?”) that no one really cared about.

Then, by the time the new season arrived on Netflix, it was clear how little people desired to see more tangled stories set in this particularly awful fictional high school. Jen Chaney of Vulture wrote an article that pretty much sums it up: “13 Reasons Why I Couldn’t Stand 13 Reasons Why Season 3.”

 

The series finale of “Game of Thrones” was the most anticipated television event of the decade, and wound up being far more contentious than people were expecting.

jon snow daenerys game of thrones

Kit Harington and Emilia Clarke as Jon and Daenerys on the final season of “Game of Thrones.”
HBO


Your mileage may vary with how successful you believe the final season of “Game of Thrones” was, but no one can deny the overwhelming negativity in the fandom surrounding those final six episodes. 

Perhaps expectations were too high heading in, or maybe it was just the inevitable conclusion for a show that had long outpaced its complex source material, but “Game of Thrones” didn’t go out on the high note many people had hoped for. 

“Modern Love” was supposed to be a heartwarming anthology series, but it left many feeling ice cold.

Anne Hathaway Modern Love Amazon Prime

Anne Hathaway on Amazon’s “Modern Love.”
Amazon Prime


This new Amazon series was billed as an endearing and inspiring show, based on real stories found in the New York Times column of the same name. With a star-studded cast including Anne Hathaway, Dev Patel, Tina Fey, Andrew Scott, Andy García, and more, we expected riveting storytelling.

Instead, the love stories were shallow and trite at best, and uncomfortable and creepy at worst. 

The newest season “Black Mirror” was the worst-reviewed one yet.

Black Mirror season five Netflix

Season five of “Black Mirror” premiered on June 5, 2019.
Netflix


This dystopian anthology series has been beloved by audiences since its introduction on the UK’s Channel 4 in 2011. When Netflix took over, the popularity of “Black Mirror” only grew.

But this year’s installment showed that not ever season can be a winner. It’s the worst-rated among critics so far, and barely made a dent in cultural conversations over the summer.



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