DealBook

DealBook

@dealbook

Followers114.3K
Following303

New York Times columnist Andrew Ross Sorkin and his colleagues help make sense of major business and policy news — and the power-brokers who shape them.

New York, NY
Joined on October 24, 2008
@dealbook Statistics

We looked inside some of the tweets by @dealbook and found useful information for you.

Inside 100 Tweets

Time between tweets:
an hour
Average replies
0
Average retweets
2
Average likes
1
Tweets with photos
45 / 100
Tweets with videos
0 / 100
Tweets with links
0 / 100

Rankings (sorted by number of followers)

143. in country United States and category Daily News

873. in country United States and category Media

Fun Fact

There are 181,354 people on Twitter who use the term "social media" in their bio.

DealBook
25 minutes ago
The president of Europe’s Central Bank had previously indicated that the central bank would act if the economic situation worsened, but the reverse is now true: The central bank will act unless the situation gets better. https://nyti.ms/2Xm26ju 

The president of Europe’s Central Bank had previously indicated that the central bank would act if the economic situation worsened, but the reverse is now true: The central bank will act unless the situation gets better. https://nyti.ms/2Xm26ju 

In the latest effort by tech industry leaders to address housing shortages near their headquarters, Google pledged $1 billion worth of land and money to build affordable housing in the San Francisco Bay Area. https://nyti.ms/2XUKyb3 

In the latest effort by tech industry leaders to address housing shortages near their headquarters, Google pledged $1 billion worth of land and money to build affordable housing in the San Francisco Bay Area. https://nyti.ms/2XUKyb3 

Weakness in China, driven in part by fallout from the trade war, has spread to Germany, Australia and other nations, raising supply chain costs, chilling exports and worrying political and economic leaders.

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Only a few months ago, central banks were putting the brakes on their fast-growing economies. But now the people who manage monetary policy are reversing direction in the face of new threats to growth. https://nyti.ms/2XYZ0yS 

Only a few months ago, central banks were putting the brakes on their fast-growing economies. But now the people who manage monetary policy are reversing direction in the face of new threats to growth. https://nyti.ms/2XYZ0yS 

Unveiling a plan to create an alternative financial system that relies on a cryptocurrency, Facebook announced a deal with 27 partners as diverse as Mastercard and Uber. https://nyti.ms/2XTLcWq 

Unveiling a plan to create an alternative financial system that relies on a cryptocurrency, Facebook announced a deal with 27 partners as diverse as Mastercard and Uber. https://nyti.ms/2XTLcWq 

President Trump suggested that he would consider demoting the Fed’s chairman if the United States central bank did not move toward easing policy. The Fed is expected to leave rates unchanged, for now. https://nyti.ms/2XWKTKp 

President Trump suggested that he would consider demoting the Fed’s chairman if the United States central bank did not move toward easing policy. The Fed is expected to leave rates unchanged, for now. https://nyti.ms/2XWKTKp 

“China is the biggest trading nation in the world,” said a senior fellow at the Peterson Institute for International Economics. “The idea that you could slow down the global growth engine and not affect other countries is just not credible.”

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“The biggest self-inflicted risk to growth today would be trade going south,” said Jamie Dimon, chief executive at JPMorgan Chase.

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Data increasingly suggests that trade tensions are weighing on economic confidence, globally and in the United States. Economists warn that further trade war escalation by President Trump could slow global growth to a crawl.

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Estimating the building of at least 20,000 homes in the Bay Area, Google’s chief executive said the company planned to repurpose at least $750 million worth of land it owns for housing over the next 10 years. https://nyti.ms/2XmRBfJ 

Estimating the building of at least 20,000 homes in the Bay Area, Google’s chief executive said the company planned to repurpose at least $750 million worth of land it owns for housing over the next 10 years. https://nyti.ms/2XmRBfJ 

DealBook
10 hours ago
Facebook’s new cryptocurrency, called Libra, will be directly backed by government currencies like the dollar or euro. So unlike Bitcoin, it will not fluctuate in value any more than real-world money.  https://nyti.ms/2Xk5ETf 

Facebook’s new cryptocurrency, called Libra, will be directly backed by government currencies like the dollar or euro. So unlike Bitcoin, it will not fluctuate in value any more than real-world money. https://nyti.ms/2Xk5ETf 

DealBook
11 hours ago
President Trump accused the European Central Bank’s president of deliberately pushing down the value of the euro “making it unfairly easier for them to compete against the USA.” https://nyti.ms/2XYgZFB 

President Trump accused the European Central Bank’s president of deliberately pushing down the value of the euro “making it unfairly easier for them to compete against the USA.” https://nyti.ms/2XYgZFB 

While many business owners were holding out hope for a solution to the next round of tariff levies, they sounded increasingly desperate and exasperated with the protracted trade war

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Economists and business executives have warned that consumers will end up footing the bill for tariffs through higher prices. That’s true. It just might not feel like it, though. Here's why:

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Bracing themselves for disappointment, the toymakers, telecom officials, port workers and shoemakers are spending seven days trying to persuade the Trump administration not to impose more tariffs on Chinese goods

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Nervous business owners will spend the next seven days trying to convince the Trump administration not to proceed with its latest tranche of tariffs on China — but most have become resigned to the idea that president will do what he wants

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“The things that are being hit by the tariffs are going to be more expensive,” said the chief U.S. economist at Deutsche Bank. “But, if oil continues to decline, a big portion of the basket of goods that people consume will become cheaper.”

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Recently, Sotheby’s has lost out to its privately held archrival, Christie’s, for several consignments. Now, it moves to level the playing field, agreeing to be acquired by a billionaire of its own. https://nyti.ms/2XTuvKH 

Recently, Sotheby’s has lost out to its privately held archrival, Christie’s, for several consignments. Now, it moves to level the playing field, agreeing to be acquired by a billionaire of its own. https://nyti.ms/2XTuvKH 

More than 300 people are planning to testify about how the tariffs will affect their industries and American consumers

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The financial markets have twitched with almost every tweet, threat, hint and official imposition of tariffs made by President Trump. The result: Fear of the effects of the trade war has helped offset the effects of the trade war.

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