More bad news
The U.S. and China have reached a partial trade deal, and a truce in the long-running trade war may be near, according to Bloomberg.
U.S. stocks took a leg up on the report, with the Dow Jones Industrial Average trading higher by 400 points.
Treasury Secretary Steven Mnuchin, moments ago speaking on Turkey, declined to confirm reports of a deal but eluded to an announcement.
"We have had a productive two days of discussions," he said while taking reporter questions.
Comments
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Amazing what progress can be made when the Chinese start investigating the Bidens.
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So a win win thenHustlinOwl said:Amazing what progress can be made when the Chinese start investigating the Bidens.
Why is Joe above investigation?
Don't hurt yourself -
eludedRaceBannon said:https://foxbusiness.com/politics/us-china-reach-partial-trade-deal-reports
Treasury Secretary Steven Mnuchin, moments ago speaking on Turkey, declined to confirm reports of a deal but eluded to an announcement.
Nice editing Fox. -
That was the key takeawayHHusky said:
eludedRaceBannon said:https://foxbusiness.com/politics/us-china-reach-partial-trade-deal-reports
Treasury Secretary Steven Mnuchin, moments ago speaking on Turkey, declined to confirm reports of a deal but eluded to an announcement.
Nice editing Fox. -
No, the key takeaway is that the market still overreacts to vague claims of progress or lack thereof in this good and easily won trade war.RaceBannon said:
That was the key takeawayHHusky said:
eludedRaceBannon said:https://foxbusiness.com/politics/us-china-reach-partial-trade-deal-reports
Treasury Secretary Steven Mnuchin, moments ago speaking on Turkey, declined to confirm reports of a deal but eluded to an announcement.
Nice editing Fox.
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I thought the official position was 'I never said it was going to be easy'?HHusky said:
No, the key takeaway is that the market still overreacts to vague claims of progress or lack thereof in this good and easily won trade war.RaceBannon said:
That was the key takeawayHHusky said:
eludedRaceBannon said:https://foxbusiness.com/politics/us-china-reach-partial-trade-deal-reports
Treasury Secretary Steven Mnuchin, moments ago speaking on Turkey, declined to confirm reports of a deal but eluded to an announcement.
Nice editing Fox. -
Hopefully it will fail and the market will crash
Keep hope alive -
Doesn’t matter to me. I’ll act accordingly.RaceBannon said:Hopefully it will fail and the market will crash
Keep hope alive -
Too bad
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Sounds legit. “Pulled back slightly”? The djia lost 40% off the day’s gains as the “details” emerged.RaceBannon said:
Too bad -
Keep hope alive
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Bigger trade deal than the new nafta.RaceBannon said:Keep hope alive
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I took some profits today. Bless you Daddy!RaceBannon said:Keep hope alive
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It will be a good deal when the Chinese put an NBA team in Seattle.
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the Seattle Squints?PurpleThrobber said:It will be a good deal when the Chinese put an NBA team in Seattle.
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Atta boy!Sledog said:
the Seattle Squints?PurpleThrobber said:It will be a good deal when the Chinese put an NBA team in Seattle.
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However, according to CNBC, US
Treasury Secretary Steven Mnuchin said the next round of
tariffs on Chinese goods will take effect in mid-December
if the US and China do not reach a full trade agreement. “It
appears that the results of Friday’s trade talks are not seen
as going far enough. What is more, the US and China are
still far from reaching a comprehensive agreement,”
Commerzbank said in a note Monday. “In our opinion, this
[trade agreement] appears to be similar to past trade talks
where by the situation appeared rosy, before eventually
crumbling down again,” said Samuel Siew, investment
analyst at Phillip Futures. -
You seem mad. Sorry the economy hasn't collapsed like you wanted it to.HHusky said:
No, the key takeaway is that the market still overreacts to vague claims of progress or lack thereof in this good and easily won trade war.RaceBannon said:
That was the key takeawayHHusky said:
eludedRaceBannon said:https://foxbusiness.com/politics/us-china-reach-partial-trade-deal-reports
Treasury Secretary Steven Mnuchin, moments ago speaking on Turkey, declined to confirm reports of a deal but eluded to an announcement.
Nice editing Fox.
Poor guy... -
The details emerged on Friday. Clearly the DJIA reacted negatively...CirrhosisDawg said:
Sounds legit. “Pulled back slightly”? The djia lost 40% off the day’s gains as the “details” emerged.RaceBannon said:
Too bad
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Beg your wife for more allowance again?HHusky said:
Doesn’t matter to me. I’ll act accordingly.RaceBannon said:Hopefully it will fail and the market will crash
Keep hope alive -
So you're happily rooting for China again. Admire your consistency.CirrhosisDawg said:
Sounds legit. “Pulled back slightly”? The djia lost 40% off the day’s gains as the “details” emerged.RaceBannon said:
Too bad -
While rooting for the Commies, and having no working knowledge of how markets and trade works, I always like to quote someone that has no first hand knowledge of the negotiations.GDS said:However, according to CNBC, US
Treasury Secretary Steven Mnuchin said the next round of
tariffs on Chinese goods will take effect in mid-December
if the US and China do not reach a full trade agreement. “It
appears that the results of Friday’s trade talks are not seen
as going far enough. What is more, the US and China are
still far from reaching a comprehensive agreement,”
Commerzbank said in a note Monday. “In our opinion, this
[trade agreement] appears to be similar to past trade talks
where by the situation appeared rosy, before eventually
crumbling down again,” said Samuel Siew, investment
analyst at Phillip Futures.
It's a policy we can all trust.
