Stocks sink after Trump says China deal can wait

Some experts are less sanguine, saying investors have been viewing the trade war through rose-colored glasses. “Markets have been far too complacent in the whole treatment of this trade war,” said Jacob Kirkegaard, senior fellow at the Peterson Institute for International Economics. “I think they’re also greatly underestimating the longer-run effects of this trade war,” he said.

On those grounds, some economists argue that the tariffs almost certainly will be suspended or delayed — the economic fallout would be too great to risk. In addition to pinching household budgets and reducing consumer spending power, more tariffs could hurt American job growth, as well. Zandi estimated that the trade war thus far has probably cost the labor market around 40,000 jobs each month. “It’s obvious in manufacturing,” he said, adding that more tariffs could accelerate job losses.writing in a pair of tweets,

But economists say trade policy, not monetary policy, is the hurdle facing American manufacturing, which dropped for the fourth month in a row, according toreleased Monday from the Institute for Supply Management. “Global trade remains the most significant cross-industry issue,” Timothy Fiore, chair of the ISM’s Manufacturing Business Survey Committee, said in a statement.

How bout now-(drake voice)

Morning_Joe HillBeverlyhill jodotcom RealAssTalkNow Trump will remain quiet about the markets. The rise in markets don’t equate to job creation. Unless there is capital investments. What has been happening is stock buy backs.

We are under 2% from all time highs. This headline is pretty hilarious

I’m sure they will follow up with the big bounce back, right? Cause it’s coming right back.

Morning_Joe Captain Chaos strikes again.

Meh the market will go up again.

Because Congress wanted to bitch about HK blame them.

Fake news

Did you credit him when they went up?

Do we need China? They represent .08 of our trade

More stock manipulation!

Liberals are happy to report on the stock market any time it goes down.

Hmmm, some people are always coming up with the next conspiracy. When are you NBC, going to do your damn job and tell the damn truth about your lying dem buddies ? You have repeatedly lied and mislead the American people ! Real Americans know the truth ! Report it !

Good job Trump-No trade deal EVER...choke their military and destroy their economy so they have no way to wage war...China is EVIL-if we destroy them this way-we never have to go to war with them-its very simple and the tactic is brilliant

Distracted66 I swear this is on purpose to make money.😡 if only we could prove it.

Expected after signing the Hong Kong bill. China needs a couple of weeks to cool off.

FUD. When those in power spread Fear, Uncertainty & Doubt = BUY/BULLISH. They are buying behind the scenes while they tell you to sell.

Morning_Joe I'm sure Trump supporters with the big bucks will start dumping money back into it to level it back out, god forbid the people see a drop in stocks 🙄

TariffMan StableGenius

Time to buy in then.

He's just pushing China's buttons. China is hurting more than us. Now is the time to reign in China and stop the IP theft and jobs moving there. It's a negotiating strategy. Our stock market and economy are doing well. This is the time to fix unfair trade.

MeetThePress he never had a deal to begin with... as long as he giving farmers welfare he figures hes covered... while the national debt goes stratospheric on his watch

Does the man ever have a lucid moment?

One year ago

This guy has no plan other than create more tariffs that hurt American small businesses and consumers

Proves the point...

China is waiting to see if Democrats can steal the 2020 election. They'd prefer to pay off Biden family than deal with Trump.

Morning_Joe You can't get a deal done before the election that makes him look good so now he's going to promise it if he gets re-elected. Typical trumps.

Good. China is asshole.

MeetThePress Times up! kamilaharris2020 99%

Morning_Joe another hit to our 401k's....this President wants us to be as miserable as he is and he'll stop at nothing to make sure we go down with him.....thanks MoscowMitch, Lindsey Graham, Gym Jordan for letting this repulsive old white rich guy steal our dreams day in and day out.

I heard that the current stock market is good only because of Obama. So that must mean that stocks sinking are also because of him. Or does he only get credit for the good and none of the blame for the bad?

Morning_Joe In other words, the trade treaty with China is just about as close to being reality as the POtuS FABULOUS Healthcare Plan.

Morning_Joe They need to quit this 'Trump making a deal with China' malarkey!

WTP support that...by the way nbc is FAKENEWS!!!

Trump wants a recession so he could buy cheap property! With Russia money!

Morning_Joe Kelly,Kelly,your not blaming Biden for the stock market.

Well it wouldn't be very helpful to tell them you're in a hurry to get done before the election.

People, how many times have we been told China is eager to make a deal? Can we believe Trump?

Tomorrow he'll announce that the deal with China has been made. He’s a pathological liar. Remember this? Trump says China will buy $50 billion a year of U.S. agriculture. That’s not what China says.

Not before he told all of his friends to sell

Good! No more deals with genocidal countries.

Morning_Joe Trump never had a deal.

HUH

Morning_Joe Farmers how is that for a Kick in the Ass. Had enough bankruptcy, Suicides, lost farms to big Farm Corporations. China has & will solidify markets that you probably will never get back. If you want markets, & really want to go back to work then Vote Democrats IN & Trump & GOP OUT

Morning_Joe He's in Europe bashing DEMS. In USA we can't bash him, it's bad form while he's off continent. Why? Ugh

Morning_Joe He’s brilliant said nobody ... EVER!

Morning_Joe Another insider trading for the trump douchebags!

Idiot.

Morning_Joe

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Stocks slump as Trump says trade deal with China can waitU.S. stocks fell sharply in early trading Tuesday after President Donald Trump cast doubt over the potential for a trade deal with China this year and threatened to place tariffs on French goods He's just market manipulating. He gives zero fucks about anything but money. Idiot The earlier Donald Trump is removed from his Presidential post, the safer will our entire world and economy be including the US of A. The world cannot afford to have such a maverick and whimsical joker run the world's no 1 and a strong country like USA.
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Global Stocks Drop After Trump Signals Further Delays to China DealStocks fell Tuesday after President Trump signaled that he might be willing to wait to strike a trade deal with China until after the U.S. elections next year. Europe will place 100% tariffs on Apple, Ford and agricultural products from the US. Farming in America will be wiped out. China no longer buying, Europe no longer buying. they will come back ; always do; time to buy for the brave
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U.S. Stocks Slide After Trump Signals Further Delays to China DealMajor U.S. stock indexes slid, with the Dow industrials down more than 300 points, after Trump spurred worries an end to the trade war may be further delayed. He plays the market. Manipulation. Does China make a ton of cheese or something? What's with the photo?
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Global stocks tick up on upbeat China factory reports, trade talk hopesGlobal shares rose on Monday and oil rebounded after upbeat China manufacturing ... Yes, trade talk hopium. News has been 100% negative, but hope for good news makes equities soar! Love this market!!!!!! Ah, it's the central bank & Corporate intervention..but ok, trade cover sounds better The CCP's propaganda is not credible, because China's stock market is controlled by the government!
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Stocks tick up on upbeat China factory reports, trade talk hopesGlobal shares shuffled marginally higher on Monday to stand just short of the re... That market seems to be based upon rumor, rather than fact.
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Picking Chinese Stocks in the Trump EraThe nature of China’s economic slowdown has changed. Understand how and investors have a better chance of putting their money on the right stocks when it becomes clear whether the White House and Beijing can settle their differences on trade.
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