Trump implements new tariffs on China and market drops 500 points.

[Johnny2X2X]

$350 Billion remaining in Chines imports without tariffs now have a 10% one on them. Markets were up 300 today, they've now swung 500 points and are down 200.

Another weak manufacturing report had investors anticipating another rate cut after the one we got Wednesday, so the market was responding to that well. We've seen this before, George Bush used rate cuts for years to prop up the markets to make the economy look better than it was, it collapsed in 2008. Same thing is happening now. Report after report on the economy shows trouble ahead.

And once again, Tariffs are not the solution!!! Tariffs lead to higher costs for American manufacturers, it makes American companies less competitive. It hurts American consumers and kills jobs. We had fairer trade with China under Obama, and we used the global systems in place to get good resolutions on disputes. This is a disaster and no one is even speaking up against tariffs anymore.

[Bernardo de La Paz]

1. S&P 500 two days

Healthy market?

[JustAnotherGen]

2. Do you have a link?

Is this list 4?

[Johnny2X2X]

3. Here's the link

https://finance.yahoo.com/news/stock-market-news-august-1-2019-124630711.html

[no_hypocrisy]

4. Market was up more than 200 points this morning.

Oops!

[Johnny2X2X]

6. One thing happens over and over

As we enter a recession, the experts and especially the politicians spend about 12 months pretending it's not happening.

I don't care what the experts say about % for a recession, we'v had a losing streak of bad economic news. Growth is slowing, trade deficit getting worse, manufacturing being hit hard, US fell to 3rd place for competitive economy. The lagging indicators of UE rate and wage growth will start to worsen next.

[no_hypocrisy]

10. Agreed. Economy is badly damaged by these three indicators:

1. losses in manufacturing
2. losses in agriculture
3. soft consumer spending

[questionseverything]

28. i think you should add housing starts being down to list

[malaise]

22. It closed -300+ yesterday

and is down more than 280 today

[smirkymonkey]

5. Nice work, President Dipshit.

[Johnny2X2X]

7. I am convinced he is doing insider trading

Trump knows darned well his Tweet will effect the market, zero doubt he lets some investors/donors know before he is going to Tweet something like this so they can short the market today.

[CountAllVotes]

26. +1,000 !!

I've kind of noticed that too!

The orange awhole has got to go!

IMPEACH IMPEACH IMPEACH!!!

The sooner the better too!

[questionseverything]

29. i think he just does the worst possible thing

that's what putin hired him for...to destroy the US economy

[Andy823]

8. Until the dumbass republicans

grow a spine, and stand up to this lunatic, nothing will change for the better. I honestly think most of the republicans have been compromised, and trump or putin have some pretty nasty stuff on them, or they are just scared to death of losing their job, and could care less about this country.

The old staying is "country before party", but nowadays it should be "country before trump"!

[Johnny2X2X]

12. They are suddenly anti Free Trade

This is insane. The Republicans suddenly because anti free trade after they spent the previous 75 years pushing free trade.

Tariffs are always a disaster and their effects are lasting even once they are removed.

[questionseverything]

27. the lack of chinese markets for corn/soy beans/wheat has devastated farmers

even if democrats take back the presidency, house ,senate it will take decades to rebuild those markets if it ever happens

[Turbineguy]

9. Trump crashing the market

made me completely forget about the Russia scandal, and all the others! I feel so wonderful!

[NoMoreRepugs]

11. Wondering when the BIG MONEY guys on Wall Street

grow tired of the crazed machinations of the Orange Menace and flip the switch on their support.

[spinbaby]

17. I'm sure big money is forewarned

Leaving us proles with our paltry 401ks to absorb the losses.

[former9thward]

23. If your 401k is losing you are badly mismanaging it.

Markets are near their record highs. If your account is not doing well then you really need to look at what it is invested in. The gloomers have been predicting a market crash for years now.

[spinbaby]

25. I don't have a 401k

But I do have an IRA and have recently moved my funds out of stocks to lock in gains.

[Johnny2X2X]

13. DOW is growing at a paltry 4% annually right now

All this talk about the investment boom is silly. Obama presided over an investment boom. Since Trump's budget and Tax rates went into effect, the DOW is growing 4% annually, it's average growth has been a little over 7% over the last 50 years.

We've been stuck in neutral for 20 months.

[yaesu]

14. not to worry, when that 300 billion dollar budget kicks in, you know, the one we helped pass,

the market will be doing jumping jacks and tRump will be braggingly excited about those prospects.

[Timmygoat]

15. Did I hear right

Is Trump really going to raid retiree military pensions to pay for the wall?

[former9thward]

24. Let me predict.

No one will give you a credible link to that....

[SCantiGOP]

16. Here's how to avoid any impact from the tariffs:

don't go anywhere for news except FOX. I jumped on their website to see how they were spinning the fact that Trump's bullshit shaved 500 points off of the DOW, and there is no story there. All I could find on the front page was a link to a video news clip of Trump with the caption that he would keep talking about China.
Things must be so much nicer in their bubble than out here in the real world.

[Farmer-Rick]

18. Ha Ha, you American capitalist kings who put Trump and his Slovenian sex worker in the White House

You created a monster you can't control and you're losing money because of it. Stupid is as stupid does.

[bucolic_frolic]

19. How much did Trump cost you today?

about $400 here. If you were short it was payday.

[MarvinGardens]

20. Tariffs are a giant middle class tax increase.

[gratuitous]

21. Some dumbass troll tried to tell me the drop was due to the fed cutting interest rates

These people will say literally anything to prop up Trump.