A tweet that US president Donald Trump, Steven Mnuchin and Robert Lighthizer were in a meeting to discuss progress completely erased early declines in U.S. stock-index futures and contracts are now up on the day. U.S. stocks also pared Thursday morning declines right after Trump said he received a letter from Chinese President Xi Jinping and that the two may speak on the phone.
Pimco’s Manny Roman joined the 80% club — both Roman and JPMorgan CEO Jamie Dimon see an 80% chance of a U.S.-China trade agreement Wells Fargo equity derivatives strategist Pravit Chintawongvanich recommends using the two largest ETFs tracking U.S. and China markets: Sell protective puts on IWM while buying them on FXI
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Business Maverick: Scandal-hit Steinhoff posts $4 bln operating loss for fiscal 2017Steinhoff has reported an operating loss at 3.7-billion euros vs restated profit 278-million euros, blaming writedowns for the loss. The assets are valued at 17.5-billion vs 32.2-billion in 2016 but says its on track to release 2018 results in June
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Business Maverick: Trump Had Losses of $1.17 Billion Over a Decade: NYTPresident Donald Trump, who won the presidency in part on his image as a successful business mogul, lost $1.17 billion over 10 years on failed business deals, according to tax records obtained by the New York Times.
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