Connect with us

Politics

Here’s What You Missed 3/15/19

Daniel Chase

Published

on

stock_price_news

Making a good pasta sauce is, in many ways, like raising a child. It requires time, effort, and patience. Like children, a pasta sauce needs a good base; crushed tomatoes, onions, garlic, maybe mushrooms. Once the base has been established, it is up to the parents, or the chef, to choose how they would like to best go about taking care of their baby. One school of thought is to let the sauce do what it likes, but keep a close eye, while others recommend to constantly stir the sauce and never let it out of one’s sight. As time progresses, both the chef and the parent will notice how their babies react to certain teachings and styles of care taking. All in all, the best children, and pasta sauce, are created with love, respect, understanding, and, I’ll say it again, patience. 

Bon appetit, here’s what you missed in the news yesterday. 

Beto 2020, But For Real

Beto O’Rourke was tragically defeated in his home state of Texas, despite doing everything in his power to look appealing to die-hard conservatives, but, at his core, people knew that he was a progressive through and through. Today, he declared his candidacy for president. In less than two years, O’Rourke went from a general nobody, who also happened to be a congressional representative, to a national superstar. 

“The challenges that we face right now, the interconnected crises in our economy, our democracy and our climate, have never been greater, and they will either consume us or they will afford us the greatest opportunity to unleash the genius of the United States of America. In other words, this moment of peril produces perhaps the greatest moment of promise for this country and for everyone inside of it.”

Rep. Beto O’Rourke

Interestingly enough, Beto’s words following his announcement contain language not typically found in the ideologies of the Democratic Party. When he talks about America’s crisis working as a fuel for the greatest moment in our history, it almost sounds like a speech that President Trump would give at a stump rally. The 46-year-old politician has been lauded, as well as ridiculed, for being Congress’ resident bad boy. He is, by no means, a conventional candidate for president, mainly because people just cannot seem to get a read on him. He proved conservative enough to convince a significant portion of Texans to rally behind him in his Senate race, despite losing. On the other hand, O’Rourke has regularly called for the impeachment of President Trump, publicly advocated for Medicare, and made “calls to abolish the Immigration and Customs Enforcement agency.”

Mueller, Show Us Your Cards

We’ve heard that Special Counsel Robert Mueller has concluded his investigation into Russian interference in the 2016 presidential election. What we haven’t seen is the actual report, and Congress is not happy with that fact. In a bipartisan vote that took place on Thursday, the House of Representatives unanimously voted for Mueller’s report to be released when everything is printed and prepped. Several members of Congress, including Rep Will Hurd (R-TX), said that full transparency is “the only way to prevent future speculation.”

Continue Reading
Click to comment

Featured

Trade Talks Fail, What’s Next For The Market?

Jon Phillip

Published

on

trump tariff china

The trade war between the United States and China has probably been the biggest economic and diplomatic development since the turn of the year. Although the world’s two biggest economies were locked in talks for months over a new trade deal, it all unraveled quickly.

This happened when US President Donald Trump stated that the Chinese went back on their word. He then imposed tariff hikes on Chinese goods last Friday. The tariffs were raised to an astonishing 25% on goods worth $200 billion. Although Trump might believe this might bully the Chinese into submission, many experts believe that might not be the case.

Difficulty in Completing Deal

The President had imposed these tariff hikes right before the Chinese delegation was supposed to show up at Washington. This was for which many had believed was going to be the last round of talks. However, experts now feel that the escalation of tensions between the two countries following the latest developments will make it difficult to reach a deal that could be considered a win for the US. As soon as the tariffs kicked in, Beijing announced that it was looking at countermeasures as well. However, there were no specifics on the nature of these measures.

Last year, the two nations had been embroiled in a damaging retaliatory tariff war and it could lead to a protracted trade war, if the Chinese decided to resort of the same tactics. The Chinese delegation is going to be in Washington this week to engage in another round of talks but it is believed that a binding trade deal is unlikely to be signed.

Is A Trump Win Likely?

One of the biggest reasons why the deal might not be signed anytime soon is perhaps the fact that the US President needs to be able to claim it as a win for himself. The President has staked his personal weight behind a favorable deal for the US. But with every passing day, it is looking increasingly unlikely that it is going to happen.

If that is to happen, then China’s entire way of doing business will need to change. This is starting at intellectual property theft and expands to technology transfers by force from US companies. If those things are not part of the deal, then it would not be the sort of deal that can be claimed as a win for the US. It doesn’t help that today, China came in with its own tariffs. China will raise tariffs on $60 billion in U.S. goods, the Chinese Finance Ministry said Monday.

And in true Trump fashion, the U.S. may not be done retaliating. The U.S. President has threatened to put 25% tariffs on $325 billion in Chinese goods that remain untaxed. The president has signaled he is content leaving the duties in place, arguing they will damage China more than the U.S. What are your thoughts?

Continue Reading

Featured

Can 102 Words Really Impact Stock Prices?

Joe Samuel

Published

on

trump tweet

In short, the answer is yes.  We’ve witnessed, first hand, this week how just a few words can drastically impact the stock market.  If you’re just tuning in, at the beginning of the first full week of May, U.S. President Donald Trump Tweeted out a 102-word post that ended up triggering a sell-off costing the global markets around $1.36 TRILLION…with a “T”!

The “Trump Tweet” expressed that he would once again increase tariffs on Chinese goods by the end of this week. What followed has been a shock to the global markets with futures pointing at dramatic declines every day this week.  Though some say that the decline are all but a speed bump, it still hasn’t helped the fact that this drop is one of the worst seen all year. People like Kerry Craig of JPMorgan Asset Management think that a trade deal can still be reached.  The expectations, however, have been readjusted to reflect a more long-term time horizon.

Eyes Turn Toward The Second Half Of The Week

Other analysts like Oanda Asia Pacific’s Jeffrey Halley feel that investors are prudently “lightening their loads.” Halley said, “My feeling is that investors are lightening their portfolios as a precaution.”

All eyes are on the second half of this week.  As we reported on May 7th, Vice Premier Liu He, China’s top trade negotiator will be heading to the US to talk trade this week.  

“Liu will be in the U.S. from May 9-10. The invite comes from both the U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.” Regardless of what “will happen,” what has happened thus far has been an emotionally charged & very fragile global market. As this story develops we will continue to follow with more updates.

Continue Reading

Featured

Chinese Negotiators To Visit US As Tariffs Trigger More Concerns

Jon Phillip

Published

on

trump like a boss china

Vice Premier Liu He, China’s top trade negotiator will be heading to the US to talk trade this week.  The two countries have been at odds for months now with China trying to leverage the current US tariff situation. Of course, the US has not helped things either by continuing to increase tariffs on Chinese goods. 

Liu will be in the U.S. from May 9-10. The invite comes from both the U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. The markets took a hit on Monday after U.S. President Trump explained that he was not pleased with the speed of discussions and that he planned to raise tariffs by the end of the week.  Chinese authorities initially considered delaying talks in light of this.

What’s Next For China & The U.S.?

Both Mnuchin and Lighthizer were concerned after it was evident that talks weren’t making progress.  This was during a visit to Beijing just last week. Over the weekend, China sent a new draft of an agreement that outlined a pullback on certain language on several issues.  These issues had “the potential to change the deal very dramatically,” according to Mnuchin.

According to reports from the Global Times newspaper, China was prepared for other outcomes to the deal with the U.S. This also included a temporary breakdown. Furthermore, China had also planned to continue talks even if the U.S. decided to raise tariffs. Of course, time will tell but now we must see how the markets will react to these new developments coming from China.

Continue Reading

Join Our Newsletter

Get stock alerts, news & trending stock alerts straight to your inbox!


We keep all user information pricate & promise to never spam.*

Privacy Policy

Search Stock Price (StockPrice.com)




Trending

Subscribe Now & Begin Receiving Free Stocks News, Articles, Trade Alerts & MORE, all 100% FREE!

We are your #1 source for all things Stock Market & Finance, Subscribe Below!

Privacy Policy: We will NEVER share, sell, barter, etc. any of our subscribers information for any reason ever! By subscribing you agree we can send you via email our free e-newsletter on stock market & finance related, articles, news and trade alerts. Further questions please contact privacy@stockprice.com