Wall Street is betting the president won’t let stocks collapse

New York (CNN Business)Investors are once again growing worried about the US-China trade war. But Wall Street isn’t completely freaked out. “If the pain gets too great in the economy and stock market, he will have to find a face-saving solution,” said Carter Mack, president and co-founder of JMP Group, a San Francisco-based investment bank. ‘Security blanket’ It’s a new spin on the Fed put, the term coined for a trading strategy based on the belief that the Federal Reserve will come to the rescue of markets and the economy by lowering interest rates. The Trump put is a bet that the president won’t allow the market to collapse. “There is a security blanket,” said Jeff Kleintop, chief global investment …

Coke says global slowdown will be a drag on 2019. Stock has worst day in 10 years

New York (CNN Business)Coca-Cola issued a disappointing forecast of 4% growth in 2019 due to the global economic slowdown, a strong dollar and political uncertainty. CEO James Quincey on Thursday called the projections “prudent” on a conference call with investors discussing fourth quarter and full year earnings for 2019. This year will “be more volatile and uncertain than 2018,” Quincey said on CNBC’s “Squawk on the Street” Thursday morning. Coca-Cola’s sales declined 6% to $7.1 billion for the last three quarters of 2018, and fell 10% to $31.9 billion for the year. Coca-Cola blamed the decline on costs related to refranchising its bottling system and the strong dollar. Quincey is “pleased with our strong organic revenue and earnings growth in …