There we go. It’s here. President Donald Trump agreed to a phase-one trade deal with China, averting the Dec 15 introduction of new tariffs on $160 billion worth of Chinese goods.
“No Deadline” for Tariff Man Stocks dropped and bonds rallied in global markets shortly after President Trump fired his tariff weapon to France and Latin American Countries yesterday, and announced today that there is “no deadline” for reaching a trade deal with China. He added that he liked “the idea of waiting until after the election” to reach a deal
Return of the Tariff Man Thanksgiving is over, and tariff man strikes again! This time: the victim is France. The US proposed tariffs on some $2.4 billion in French products, a response to a tax on digital revenues in France that hits large American tech companies including Google, Apple, Amazon, and Facebook.
Deal or No Deal? We’ve heard major news about the “phase one” deal being finalised and markets have traded up on looming optimism. But let’s not forget that Hong Kong is in the midst of a violent pro-democracy protest.
Dell Earnings The firm reported third-quarter earnings today that beat estimates for earnings per share, but fell short of meeting the street’s revenue expectations. Here are the stats:
China is “Cautiously Optimistic” China’s chief negotiator said that he was “cautiously optimistic” about reaching a phase one trade deal with the US despite tensions over Hong Kong.
Carl Icahn’s Big Short Billionaire Carl Icahn is betting against mall owners. He thinks they will be unable to service their debt. A lot many traders have made the same bet and lost millions of dollars, but it’s not something that’s stopping Icahn anytime soon.
Disney Plus: 10 million subs We’ve spoken in the past about the heating up streaming wars, and Disney has come out to take a market share of 10 million users. It’s surprising because it’s not even been a week since their streaming service has launched, but at least 10 million households have decided to get Disney Plus.