Overnight, Bloomberg reported that the U.S. is holding off on giving permission to U.S. companies to use Huawei products, citing people familiar with the matter.
At around 02:30 a.m. ET, Dow futures fell 89 points, indicating a negative open of more than 69 points. Futures on the S&P and Nasdaq were also slightly lower.
Source: Financial Digest (financialdigest.net)
Time for some triple leverage Bears $SQQQ
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U.S. calls China 'thuggish regime' for singling out U.S. diplomat in Hong KongA U.S. State Department spokeswoman on Thursday called China a 'thuggish re... Truth. No more Xi lies. Nice. They have been behaving This way from day one. People should not allow this to continue.
Source: Reuters - 🏆 2. / 97 Read more »
U.S. labeling China a currency manipulator is groundless, China FX regulatorThe United States' labeling of China as a currency manipulator has no groun... species_x Despite that it's well known that they do and have been doing it for years. 'US' is very vague dear .. US and her Western allies have done the same to the rest of the world for decades. Karma is a birth!!!
Source: Reuters - 🏆 2. / 97 Read more »
China Exports Stage Surprising Turnaround in the Face of U.S. Trade BattleChinese exports rebounded in July thanks to increased shipments to Europe and Southeast Asia, but economists expect the turnaround to be short-lived as Beijing and Washington escalate their trade battle. Yep trump 2020 Exports up 3% still weak. Imports down 6% reflect weak domestic economy in China. Chart illustrates wek China exports trend, and that tradewar taking its toll globally, esp Asia. More weakness ahead. Here' ideas to avoid mkt potholes! It's not unexpected. Everyone is trying to ramp up production before the tariffs kicks in. Not to mention how many of these 'exports' are fakes invoices used to circumvent strict capital controls.
Source: WSJ - 🏆 98. / 63 Read more »
China drawing up new measures to boost trade amid U.S. tariff war - paperChina is drawing up new measures aimed at stabilising foreign trade, the officia... China is losing a ground. More and more countries are going to reduce trade with China or will be extra careful in dealing with China. China has been known to bully countries because it has upper hand in trade. Meanwhile, Trump is using his giant clown tie to dig the US into a recession. SoMuchChinaWinning Mr 'Trade Wars Are Easy To Win' has woefully miscalculated China. His tariffs have cost US consumers $27B in what is essentially a tax, and he has paid farmers $28B in bailouts so far. He had 6 bankruptcies, right? Guess people shouldn't be surprised.
Source: Reuters - 🏆 2. / 97 Read more »
US-China trade war is hurting farmers, but they're sticking with TrumpRecent polls show farmers strongly support Trump, even amid rising tariffs with china. Experts say they're likely to stay on his side in 2020. You have good years and bad years. This should have happened years ago. China would not be able to feed its population without the advancements in farming that was done by the American farmer. Are you suggesting they don’t know what they are doing? Then let them suffer!!!
Source: CNBC - 🏆 12. / 72 Read more »
Viewsroom: Vicious trade cycle traps U.S., ChinaThe White House’s decision to brand Beijing a currency manipulator is the latest move in a conflict riven by miscommunication, unrealistic expectations and no obvious way out. Plus: Why the LSE is pay You can't fix stupid. Breakingviews Currency manipulators hate it when they are called currency manipulators. Breakingviews So as U.S. negotiators are trying to talk to China, man child increases tariffs. So Trump will not be happy until all the U.S. farmers are bankrupt.
Source: Reuters - 🏆 2. / 97 Read more »