"With the trade war, the government shutdown and now regional banks disclosing issues with bad and fraudulent loans, markets are still attempting to shrug it all off. At the moment, Dow futures are up about 60 points. Meanwhile, the S&P 500 is down about three points, with the NASDAQ down 80. The Vanguard S&P 500 ETF (NYSEMKT: VOO) is also down just slightly in premarket trade."
"Regarding the trade war, U.S. Treasury Secretary Scott Bessent will speak with Chinese Vice Premier He Lifeng to discuss the ongoing trade negotiations between the United States and China, as noted by CNBC. Last checked, President Trump threatened China with a cooking oil trade ban, which followed China's buying fewer U.S. soybeans. China has since reached an agreement to purchase soybeans from Argentina - a country that is receiving a $40 billion bailout package from the United States. Trump has also threatened an additional 100% tariff on any goods coming from China following Beijing's rare earth controls."
Markets show muted reactions as major indices move modestly and the Vanguard S&P 500 ETF (VOO) is only slightly down in premarket trading. The U.S.-China trade conflict remains active, with a planned conversation between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, threats of tariffs and trade bans, and China sourcing soybeans from Argentina. Analysts warn of potential tightening of cross-border investment rules and possible delisting of China-based companies. The government shutdown has entered day 17 after the Senate again failed to advance a funding bill. Regional banks have disclosed problems with bad and fraudulent loans.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]