Stocks decline as Trump casts doubt on China trade deal

[Yo_Mama_Been_Loggin]

The Dow Jones Industrial Average slipped Tuesday from a record high set earlier in the day after President Donald Trump cast doubt on the trade progress between China and the U.S.

The 30-stock index pulled back to trade 25 points lower after Trump said the two countries have a “long way to go” on trade, adding the U.S. can slap tariffs on an additional $325 billion worth of Chinese goods “if we want.”

Goldman Sachs’s strong results were driven by the company’s investment banking and trading divisions. Goldman shares rose 2.3%. The stock’s gains, however, were offset by declines in J.P. Morgan Chase and Johnson & Johnson.

Traders work on the floor of the New York Stock Exchange (NYSE) on July 10, 2019 in New York City. Following remarks from Federal Reserve Chairman Jerome Powell about a possible rate cut, the Dow rallied on Wednesday and the S&P 500 crossed 3,000 points for the first time ever.

So far, just over 5% of S&P 500 companies have reported calendar second-quarter earnings, according to FactSet. Of those companies, more than 85% have posted better-than-expected earnings.

https://www.msn.com/en-us/money/markets/stocks-decline-as-trump-casts-doubt-on-china-trade-deal/ar-AAEnCmf?li=BBnbfcL

Is there anything Trump can't fuck up?

[qazplm135]

1. well right now, despite his best efforts

the economy.

That will change, but it might not change until after the election.

[Wellstone ruled]

2. Xi will

not cave to Trump. Xi and his Proletariat apparently have put in place economic measures to protect China's economy though 2020. According to Bloomberg,China has several trillions of US debt holdings that will be dumped on the Currency market if needed to take care of any slow down that may happen as the result of this full out Trade War .

And if folks thing these China Markets are going to return,got tons of desert lake-shore for sale.