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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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
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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.
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