Wall Street rallied Thursday morning, after a severe routing on Wednesday that saw all three major indices hit their lowest levels so far this year on fears of an impending recession.
China’s Foreign Ministry said Thursday it “hopes the U.S. side will meet China halfway, and implement the consensus reached by the two leaders during their meeting in Osaka.” A positive quarterly earnings report from Walmart, which had earlier warned it would be forced to raise prices on a number of products due to the increase in tariffs, gave the stock market an additional boost. Alibaba, China's version of Amazon, recorded a 42 percent increase in revenue, edging up markets in Asia.
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MalcolmNance Meanwhile, the TrumpCrimeFamily is raking in the $$$ by shorting stock or whatever.... Kleptocracy
MalcolmNance Yeah, Cheeto running to Twitter and blowing kisses at Xi probably helped. It was like watching an 8 year old butter up a parent for candy.
MalcolmNance Trump's a bloody jonah.
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These 7 retail stocks surged more than 5% after the Trump administration delayed China tariffsProducts with delayed tariffs include cell phones, laptop computers, game consoles, computer monitors, toys, and certain footwear and clothing items. Bed Bath and Beyond stock didn't get the text about Trump. It's down. BBBY stock. The Baltimore Orioles of retail stock.
Source: BusinessInsider - 🏆 729. / 51 Read more »
European stocks set to open higher after Trump delays China tariffsEuropean stocks are set to climb on Wednesday amid a worldwide market rally after U.S. President Donald Trump on Tuesday postponed the September 1 deadline for 10% tariffs on remaining Chinese imports. Who else is gonna wake up rekt like me tomorrow morning who bought gold mining stocks on Monday? Oh great lol
Source: CNBC - 🏆 12. / 72 Read more »
Global Stocks Slide After China Promises Retaliation for TariffsStocks fall after China vows to take “necessary counter-measures” in its trade battle with the U.S.: “The ball seems to be in China’s court at this time and it’s beginning to spook markets,' says an analyst futures erase losses and rally to session highs. Can we see a 300-400 Dow drop today? China have an obsession of world domination with everyone bowing to the great President Xi - all countries need to join up to stop China
Source: WSJ - 🏆 98. / 63 Read more »
Cramer: Sell some stocks, but it's wrong to panic about a recession'Our stock market is handcuffed to the bond market ... The momentum is with the bears, not the bulls,' Jim Cramer says. Don’t worry guys. It’s different this time. Cramer the loud mouthed guy! Bonds go up, stocks go down. Unless there is a net loss, this is redistribution. 1987 when it all went down together, that was a bear.
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks set to decline as bond markets signal recession warningShares in Asia were set to trade lower at the open on Thursday after the main yield curve in U.S. Treasurys inverted overnight, triggering fears over the state of the U.S. economy. Thank the impulsive, quick burning, no plan economy of realDonaldTrump All non-U.S. markets follow the US market. Saved you... whatever
Source: CNBC - 🏆 12. / 72 Read more »
Global stocks slide as bond markets send recession warningGlobal stocks slumped to more than two-month lows in early Asian trade on Thursd... Hillary Clinton sounded a similar warning in 2016. But we didn't listen. TrumpRecession BillionDollarLoser is in charge. Buckle up. He has some records to break. “For export-dependent economies like China and Germany, trade disruptions mean immediate trouble. The U.S. is less dependent on exports, somewhat insulating its economy.” I think we will be alright. Let’s quit with this chicken little bull shit. Buy cars.
Source: Reuters - 🏆 2. / 97 Read more »