FILE PHOTO: A specialist trader works on the floor of the New York Stock Exchange, August 21, 2015. REUTERS/Brendan McDermid
- Prospects for a drawn out trade war between the United States and China sent S&P 500 futures sharply lower as trading resumed on Sunday, after Washington demanded concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests. White House economic adviser Larry Kudlow told the “Fox News Sunday” program that the United States needs to see China agree to “very strong” enforcement provisions for an eventual deal, and said the sticking point was Beijing’s reluctance to put agreed changes into law. He vowed the tariffs would remain in place while negotiations continue.Our Standards:
Gonna get a lot worse
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Dow futures drop more than 500 points as China considers skipping trade talks'The one thing you can't do is shake your fist first and then shake your finger later on,' Warren Buffett commented on Dow futures dropping as much as 500 points today on news that China is considering skipping trade talks. A double top on the charts as well. warren buffett analysis of trump china negotiation is dead on.
Source: CNBC - 🏆 12. / 72 Read more »
Dow falls 500 points as stocks retreat for second day on U.S.-China tariff worriesStocks lose ground on simmering trade tensions, with U.S. officials confirming that China tariffs would be raised by the end of the week. First market related tweet since 2018 “Trade wars are good and easy to win” lol
Source: MarketWatch - 🏆 3. / 97 Read more »
Prospects for trade deal suddenly darken as China looks for a way to save faceThe trade war is escalating at a particularly sensitive time in the Chinese political calendar. Highly doubt China gives a shit about saving face.. they only play nice when they get what they want...here in Canada some think we should bend over to kiss their ass as they threaten us daily.. I hope that isn’t the case in the end The greatest criticism of US foreign policy is that it has no historic understanding, no cultural sense, no grasp of long time. A short term tantrum throwing teen. And Trump who is 'Hungry for a win' will give it to them...
Source: washingtonpost - 🏆 95. / 72 Read more »
POLITICO Playbook: NEW: What McConnell will say about Mueller on the Senate floorSenate Majority Leader Mitch McConnell will speak on the floor at 10 a.m. to deliver his final thoughts on the Mueller report. Look for him to invoke the phrase “case closed.” More in Playbook: MULTIPLE FELONY CHARGES: Hundreds of former prosecutors say Trump would have been indicted if he were not president. I certainly hope that someone gets a counterpoint argument! Thanks for the heads up, we already know what this evil man will say.
Source: politico - 🏆 381. / 59 Read more »
Markets Right Now: Dow falls 500 points on trade jittersNEW YORK (AP) — The latest on developments in financial markets (all times local): 1:20 p.m. Stocks are falling sharply on Wall Street as the U.S. and China move closer to an... Wait till we bomb Iran This is on the failed obama admin for not doing something in 8 years with China. President trump is working hard to improve the economy but we are reminded of the huge mess obama left . thanks trump
Source: AP - 🏆 728. / 51 Read more »
Three trade deal outcomes and what they could mean for the S&P 500: Bank of AmericaAs trade tensions percolate, our call of the day lays out three ways a trade deal might end up, and how that will affect U.S. stocks, from Bank of America...
Source: MarketWatch - 🏆 3. / 97 Read more »
This troubling trend in the S&P 500 isn't as bad as it seems, expert saysFewer and fewer S&P 500 stocks have hit 52-week highs despite the index's rally to an all-time peak, one chart shows, but experts say concern is overblown.
Source: CNBC - 🏆 12. / 72 Read more »
Journalists Freed After 500 Days -- But Can Myanmar Start a 'New Chapter'?After international outrage at imprisoning Reuters reporters, observers wonder if it will help revive the country’s — and leader Aung San Suu Kyi’s — reputation They look so happy. I wonder whats wrong with them they just did...
Source: Forbes - 🏆 394. / 53 Read more »
Watch: Reuters journalists joyfully reunite with families after 500+ days imprisoned in MyanmarTwo Pulitzer Prize-winning Reuters journalists, Wa Lone and Kyaw Soe Oo, have been freed after more than 500 days in prison in Myanmar. Before their arrest, they had been working on an investigation into the killing of 10 Rohingya Muslim men and boys by security forces and Buddhist civilians in western Myanmar's Rakhine State. Finally, some good news!
Source: MSNBC - 🏆 469. / 51 Read more »
Stock market internals increased selling intensity, but still far from panicThe Arms Index, a volume-weighted breadth measure, for the NYSE and Nasdaq are showing increased selling pressure in the broader stock market, but it's still... Yet. Well thats not good...so panic selling hasn't started Yet...sheesh No panic ! The stock market will be back up in the next couple of days! Change it to the scam market !
Source: MarketWatch - 🏆 3. / 97 Read more »
S&P 500 could fall as much as 20% if these key chart levels are brokenThe S&P 500 is tracking for its worst week of the year, and Todd Gordon of TradingAnalysis.com says it could get far worse if the index does not hold key levels of support. TradingNation ...smdh TradingNation These headlines are so ridiculous. Waiting for the patented “markets in turmoil” show soon
Source: CNBC - 🏆 12. / 72 Read more »