“U.S. stocks rose on Monday after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports and that the two countries were ‘very, very close’ to a trade deal,” Sinéad Carew reports for Reuters. “But Wall Street’s three major indexes pulled back from session highs as investors waited for new catalysts such as an actual deal with China. Before the market opened on Monday, Trump said he was optimistic a final trade deal could be reached with China but cautioned that an agreement may still not happen.”
“The U.S. president’s move to postpone the tariff deadline was seen as the clearest sign yet the two countries were closing in on an agreement to end their prolonged trade spat, which has slowed global growth and disrupted markets,” Carew reports. “‘The main driver for the market today is renewed optimism regarding a deal between the U.S. and China,’ said Adam Sarhan, chief executive officer of 50 Park Investments in New York.”
I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues. As a result of these very……
— Donald J. Trump (@realDonaldTrump) February 24, 2019
….productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China!
— Donald J. Trump (@realDonaldTrump) February 24, 2019
China Trade Deal (and more) in advanced stages. Relationship between our two Countries is very strong. I have therefore agreed to delay U.S. tariff hikes. Let’s see what happens?
— Donald J. Trump (@realDonaldTrump) February 25, 2019
“At 2:04 p.m. EST (1904 GMT), the Dow Jones Industrial Average rose 134.83 points, or 0.52 percent, to 26,166.64; the S&P 500 gained 10.41 points, or 0.37 percent, to 2,803.08; and the Nasdaq Composite added 42.48 points, or 0.56 percent, to 7,570.03,” Carew reports. “The S&P technology index was up 0.6 percent, with the biggest boost from Apple Inc, gaining 0.7 percent. The Philadelphia semiconductor index climbed 1.3 percent as chip companies have a big exposure to China.”
Read more in the full article here.
MacDailyNews Take: Hopefully, we’ll soon learn of a comprehensive U.S.-China trade deal that works for both countries.
I’m cognizant that in both the U.S. and China, there have been cases where everyone hasn’t benefited, where the benefit hasn’t been balanced. My belief is that one plus one equals three. The pie gets larger, working together. — Apple CEO Tim Cook, March 24, 2018
SEE ALSO:
Apple CEO Tim Cook optimistic about U.S.-China trade talks – February 12, 2019
President Trump says U.S. doing well in trade negotiations with China – January 23, 2019
China’s 2018 growth slows to 28-year low, more stimulus seen – January 22, 2019
Apple CEO Tim Cook: I’m very optimistic about U.S.-China trade talks – January 8, 2019
Advisor to President Trump: Apple’s sales should pick up when U.S.-China strike trade deal – January 3, 2019
This is good news. The markets don’t like uncertainty.
“The markets don’t like uncertainty.”
Why then would they believe anything the Liar in Chief says? That is certainly one thing he stands alone on. No lying politician in the history of the US comes anywhere close.
What has Donald Trump lied about, exactly?
https://www.washingtonpost.com/graphics/politics/trump-claims-database/?noredirect=on&utm_term=.4fc992e8ebf2
MAGA dipshit: your fsucking orange liar in chief claimed Mexico would pay for his petty project — a PARTIAL wall that would not come close to sealing the border.
So why is he raiding other budgets of US taxpayer money to pay for it???
Every day Drumph rips off another dozen bald faced lies, most of them fed to him by talking heads on TV that have no access to US intelligence and military services. Drumph wouldn’t have to lie if he was smart enough to read a security brief.
If you cannot tell the entertainer is making it up as he goes along, you seriously need to seek more objective news sources. Nobody in the world trusts Drumph with good reasons.
According to the US House Judiciary Committee, they have reason to suspect Trump had fraudulent deals possibly including collusion with foreign powers and almost certainly subsequent obstruction of justice with the following 81 individuals and entities:
Alan Garten
Alexander Nix
Allen Weisselberg
American Media Inc
Anatoli Samochornov
Andrew Intrater
Annie Donaldson
Brad Parscale
Brittany Kaiser
Cambridge Analytica
Carter Page
Columbus Nova
Concord Management and Consulting
Corey Lewandowski
David Pecker
Department of Justice
Don McGahn
Donald J Trump Revocable Trust
Donald Trump Jr.
Dylan Howard
Eric Trump
Erik Prince
Federal Bureau of Investigation
Felix Sater
Flynn Intel Group
General Services Administration
George Nader
George Papadopoulos
Hope Hicks
Irakly Kaveladze
Jared Kushner
Jason Maloni
Jay Sekulow
Jeff Sessions
Jerome Corsi
John Szobocsan
Julian Assange
Julian David Wheatland
Keith Davidson
KT McFarland
Mark Corallo
Matt Tait
Matthew Calamari
Michael Caputo
Michael Cohen
Michael Flynn
Michael Flynn Jr
Paul Erickson
Paul Manafort
Peter Smith (Estate)
Randy Credico
Reince Priebus
Rhona Graff
Rinat Akhmetshin
Rob Goldstone
Roger Stone
Ronald Lieberman
Sam Nunberg
SCL Group Limited
Sean Spicer
Sheri Dillon
Stefan Passantino
Steve Bannon
Ted Malloch
The White House
Trump Campaign
Trump Foundation
Trump Organization
Trump Transition
Viktor Vekselberg
Wikileaks
58th Presidential Inaugural Committee
Christopher Bancroft Burnham
Frontier Services Group
J.D. Gordon
Kushner Companies
NRA
Rick Gates
Tom Barrack
Tom Bossert
Tony Fabrizio
It should be obvious that if you are a trumpanzee that constantly repeats “there was no collusion” and you haven’t heard of most of these people, then you are a willfully ignorant partisan pawn. American can never be great if the executive is a fraud and a felon. Do yourself a favor and look at what these people did for Trump, at the direction or with full knowledge of Trump, to undermine democracy.
Biggest MF liers and control freaks are you Dems.
So please take your cunning, bs Lib garbage and put it where the sun dont shine !
Most of you libs are truly a disgusting bunch of cunning scums.
Wolf in sheep’s skin.
Deceiving Intolerant Hypocrites !
this from the clueless
get a mood stabilizer. wow
How about go and get phaqqqqed, Citizen Phaaaaqwheat democrape looooza
lol… the troll can’t even form a coherent insult
Let me just put this out there to the paid trumpist trolls who do nothing but hurl insults while ignoring the mounting evidence that, yes, Trump sold his soul to Putin in exchange for certain favours that Mueller will soon reveal to all ….
https://www.reuters.com/article/us-usa-trump-russia-indictment-explainer/can-a-sitting-u-s-president-face-criminal-charges
“…Mueller will soon reveal to all…”
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
(Deep breath)
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
“President Trump says…”
Yeah, the chief market insider is pushing the stock market around again so his family and cronies can take advantage. Crony capitalism at its worst. Corrupt and illegal.
Any actual evidence to support your claims? Or just more baseless insults?
The Cohen testimony today has some excellent insights into what a con man Trump is, was, and always has been. Proof.
Well, just two examples are:
– Pushing through a massive tax cut for the ultra-rich. Whoops, he just happens to be one. Well, well, fancy that!
– Lying about the gigantic project being negotiated in Moscow.
Jealous of the rich you are, arent you!
No one handed it out to them you freeloaders, they earned it!
Get it? you freeloading, handout loving , self entitled blood suckes!
wow. so you got the assignment to protect trump?
How old are you?
It is easy to prove, with actual real facts, that the rabid right overwhelmingly are undereducated, low-wage people who are not prepared to compete in a global economy and are resentful to any people who are willing to be more productive, displaying various clear signs of prejudice and antisocial behavior. Read the results of the Hamilton Project and the insights are clear. https://www.theatlantic.com/politics/archive/2016/03/who-are-donald-trumps-supporters-really/471714/
The richest states of the USA, as the anti-elitists well know, are populated with higher educated people with moderate to progressive to liberal social beliefs and a full spectrum of fiscal tendencies. One cannot deny the facts: Califormia and New York each dwarf the economies of the reddest 15+ states combined. The economic power of all the “liberal” (all things are liberal to a Faux news devotee) coastal states proves that selling your soul to nouveau rethuglican dogma has no association whatsoever with affluence.
There was a time when the republican party stood for timeless conservative principles that any successful educated person could support. But today the rabid right resorts to the most outrageous fact-free assertions to support Trump. The vast majority of the Trumpian base is selfish, xenophobic, and financially below average.
No, this is not just my personal opinion. Numerous studies have investigated why a so-called republican could win the nomination and general election despite not honoring a single principle of any prior republican candiate or president. Here is the answer:
https://www.psychologytoday.com/us/blog/mind-in-the-machine/201712/analysis-trump-supporters-has-identified-5-key-traits
Finally, if you look at Trump’s revolving-door cabinet picks, you will see that the president doesn’t give a shit about the working class, that’s just part of his stump speech charade. Cohen and others have shared what an elitist pig Trump is when not in public. He associates himself with people who can enrich him, which is why his cabinet is a list of self-serving corrupt millionaires and billionaires who are attempting to restructure taxes and foreign policy to benefit themselves, not the working class.
So , Mr. “Life Owes me bla bla”, you can pretend all you want that socially open minded people who care for others around them are “freeloaders” but that basically just displays what a selfish prick you are, like the few remaining people who actually believe a word that comes out of Trump’s filthy mouth.
Oh, one more thought: still no deal with China, North Korea, Mexico, Syria, …… or any other war/conflict/refugee/trade-challenged regions where Trump claimed his self-proclaimed magical dealmaking skills would fix disagreements and resolve issues.
Imagine that. It turns out if Trump can’t build an overpriced condo tower there with foreign state funding and personal tax shelters just for him, he isn’t interested in negotiating any peace or trade agreements.
Oops! My stocks just went up. I must be a crony, too. Maybe if my (our) stocks and investments went down in value, the Trump haters would be happier. Strange.
They dont have stocks. They expect and live on handouts.
I have stocks. I prefer they go up in value. That is important to me.
the sound of one troll “clapping”
Yea that’s you, buddy
I just want to say I support Cardinal George Pell’s actions because I am that kind of kinky, nasty demoncrat
I should go back and re-read the article to find the connection between Pell, China, Trump, international trade and stocks because I just ain’t seeing it right now. Maybe you should go back and re-read it too!