Investors are pushing the panic button on U.S.-China trade talks, analyst suggests

White House economic adviser Larry Kudlow, in a tweet that put an awkward exclamation point on Friday’s big stock-market rally, cheered “we’re killing it on the economy” and it’s “totally awesome.”— The White House May 3, 2019 Nice timing, Lar.

Next thing you know, traders couldn’t dump stocks fast enough, and Trump returned to rage-tweeting about collusion and “Angry Democrats.”In our call of the day, Michael O’Rourke, chief market strategist at Jones Trading, suggests the selling might be overdone, considering the market over the past five years has generally taken the most optimistic view of any potential obstacles.

The market The Dow DJIA, -1.18% , S&P 500 SPX, -1.12% and Nasdaq COMP, -1.35% are down sharply as trading gets underway. The dollar DXY, +0.16% is up, along with gold US:GCU8 , which is riding that risk-off feeling higher. Crude US:CLU8 however, is down over 1%. The equity selling crossed borders, with both Europe SXXP, -1.22% and Asia ADOW, -1.45% caught in the stiff downdraft. The Shanghai Composite SHCOMP, -5.58% was hit particularly hard, losing 5.6%.The buzz Beyond Meat BYND, +1.

Occidental Petroleum OXY, +1.00% said it plans to sell Anadarko Petroleum APC, +3.07% Africa assets to Total SA TOT, -2.70% if it completes a deal for the company. The announcement is part of Occidental’s plan to sell assets to improve its balance sheet if it can complete its purchase. The chart With the company poised to make one-day delivery the default for Prime members, Amazon AMZN, -1.14% , thanks to significant investments over the past four years, is already able to offer such a speedy response to 72% of the total U.S., including to most households in 16 of the wealthiest and most populated states, according to an RBC Capital report highlight by CNBC.

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