Stock Market News: The U.S. and China Have Agreed to Restart Semi-Annual Talks Aimed at Resolving Economic Disputes

Today’s Stock Market News – Sunday, 12 January, 2020

⇑⇓ Stock Market News Today ⇓⇑ — The United States and China have agreed to restart semi-annual talks aimed at resolving economic disputes between the two countries, a process abandoned at the start of the Trump administration as a trade conflict between the countries escalated.

An official familiar with the deliberations said the resumption of the U.S. China Comprehensive Economic Dialogue will be announced on Jan. 15 as part of the signing of a Phase 1 trade deal between the U.S. and China. The restart of the meetings was first reported by the Wall Street Journal.

The regular meetings will provide a forum for steady, high-level conversation between the world’s two largest economies separate from the sometimes rocky negotiations over their trade relationship.

The sessions will likely be lead by U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He. The two sides have been embroiled in a trade war for well over a year, with the use of import tariffs by both sides upending global supply chains and dealing a blow to business confidence.

The twice-yearly Strategic Economic Dialogue began under former President George W. Bush as a way for the world’s two largest economic powers to manage the growing array of issues that arose between them as China’s economy and its exports to the U.S. expanded rapidly in the early 2000s.

It was continued under President Barack Obama and initially by President Donald Trump as well. The first round of what the Trump administration renamed the Comprehensive Economic Dialogue was held in July, 2017.

But the regular sessions, sprawling affairs often criticized as heavy on process and light on tangible outcomes, were abandoned as the Trump administration moved toward a more confrontational approach to China that relied on the use of tariffs to pressure the country into economic concessions.


Best Stock Market Books {2020}

#1 – The Intelligent Investor. (Revised Edition)

This classic text is annotated to update Graham’s timeless wisdom for today’s market conditions… The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.

Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

#2 – Stock Investing For Dummies (Business & Personal Finance)

Grow your stock investments in today’s changing environment. Updated with new and revised material to reflect the current market, this new edition of Stock Investing For Dummies gives you proven strategies for selecting and managing profitable investments. no matter what the conditions. You’ll find out how to navigate the new economic landscape and choose the right stock for different situations—with real-world examples that show you how to maximize your portfolio.

The economic and global events affecting stock investors have been dramatic and present new challenges and opportunities for investors and money managers at every level. With the help of this guide, you’ll quickly and easily navigate an ever-changing stock market with plain-English tips and information on ETFs, new rules, exchanges, and investment vehicles, as well as the latest information on the European debt crisis.

Incorporate stocks into your investment portfolio
> Understand and capitalize on current market conditions
> Balance risk and reward
> Explore new investment opportunities
Stock Investing For Dummies is essential reading for anyone looking for trusted, comprehensive guidance to ensure their investments grow.

#3 – Encyclopedia of Chart Patterns

In this revised and expanded second edition of the bestselling Encyclopedia of Chart Patterns, Thomas Bulkowski updates the classic with new performance statistics for both bull and bear markets and 23 new patterns, including a second section devoted to ten event patterns. Bulkowski tells you how to trade the significant events — such as quarterly earnings announcements, retail sales, stock upgrades and downgrades — that shape today?s trading and uses statistics to back up his approach. This comprehensive new edition is a must-have reference if you’re a technical investor or trader. Place your order today.
“The most complete reference to chart patterns available. It goes where no one has gone before. Bulkowski gives hard data on how good and bad the patterns are. A must-read for anyone that’s ever looked at a chart and wondered what was happening.”
— Larry Williams, trader and author of Long-Term Secrets to Short-Term Trading.

#4 – How to Make Money in Stocks

Anyone can learn to invest wisely with this bestselling investment system!… Through every type of market, William J. O’Neil’s national bestseller, How to Make Money in Stocks, has shown over 2 million investors the secrets to building wealth. O’Neil’s powerful CAN SLIM® Investing System―a proven 7-step process for minimizing risk and maximizing gains―has influenced generations of investors.

Based on a major study of market winners from 1880 to 2009, this expanded edition gives you:

>Proven techniques for finding winning stocks before they make big price gains
>Tips on picking the best stocks, mutual funds, and ETFs to maximize your gains
>100 new charts to help you spot today’s most profitable trends
>PLUS strategies to help you avoid the 21 most common investor mistakes!

“I dedicated the 2004 Stock Trader’s Almanac to Bill O’Neil: ‘His foresight, innovation, and disciplined approach to stock market investing will influence investors and traders for generations to come.’”
―Yale Hirsch, publisher and editor, Stock Trader’s Almanac and author of Let’s Change the World Inc.

“Investor’s Business Daily has provided a quarter-century of great financial journalism and investing strategies.”
―David Callaway, editor-in-chief, MarketWatch

“How to Make Money in Stocks is a classic. Any investor serious about making money in the market ought to read it.”
―Larry Kudlow, host, CNBC’s “The Kudlow Report”.

#5 – How to Day Trade for a Living

Very few careers can offer you the freedom, flexibility and income that day trading does. As a day trader, you can live and work anywhere in the world. You can decide when to work and when not to work. You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed. Day trading is not gambling or an online poker game. To be successful at day trading you need the right tools and you need to be motivated, to work hard, and to persevere… This book is definitely NOT a difficult, technical, hard to understand, complicated and complex guide to the stock market. It’s concise. It’s practical. It’s written for everyone. You can learn how to beat Wall Street at its own game.


Trade Deal: China Wants More Talks Before Signing

China wants further talks as soon as the end of October to hammer out the details of the “phase one” trade deal touted by Donald Trump before Xi Jinping agrees to sign it.

Beijing may send a delegation led by Vice Premier Liu He, China’s top negotiator, to finalize a written deal that could be signed by the presidents at the Asia-Pacific Economic Cooperation summit next month in Chile, one of the people said. Another person said China wants Trump to also scrap a planned tariff hike in December in addition to the hike scheduled for this week, something the administration hasn’t yet endorsed. The people asked not to be named discussing the private negotiations.

>>> Online Loans Up To $5,000 <<<

The details of the verbal agreement reached in Washington last week between the two nations remain unclear. While Trump hailed an increase in agricultural purchases as “the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country,” China’s state-run media only said the two sides “agreed to make joint efforts toward eventually reaching an agreement.” S&P 500 futures extended losses, the Stoxx 600 fell and the yen rose as investor pessimism on the deal grew. China’s Ministry of Commerce did not immediately respond to a request for comment on further talks. Geng Shuang, a foreign ministry spokesman, reiterated on Monday that both sides had made progress and said he hoped “the U.S. will work with China and meet each other halfway.”

China’s Economic Slowdown

China’s Imports And Exports Fell More Than Expected

Investors have struggled to determine whether the U.S. and China reached a breakthrough in an 18-month trade war, with global stocks mixed on Monday. Worse-than-expected September trade figures in China underscored the growing pressure on both Trump and Xi to reach a deal to avert a wider slowdown in the global economy. China has become increasingly wary of any statements from Trump. Trust between the two sides suffered a big blow in May 2018, when Trump put a stop to a deal for China to buy more energy and agricultural goods to narrow the trade deficit. The U.S. president further sowed distrust in August when he claimed that Chinese officials had called and requested to restart trade talks.

⇑⇓ Start Trading Now ⇓⇑

For Xi, it’s seen as politically unfeasible to accept a final deal that doesn’t remove the punitive tariffs altogether. Nationalists in the Communist Party have pressured him to avoid signing an “unequal treaty” reminiscent of those China signed with colonial powers. “The U.S. must concede on its December tariff threat if they want sign a deal during APEC summit, otherwise it would be a humiliating treaty for China,” said Huo Jianguo, a former Chinese commerce ministry official who is now vice chairman of the China Society For World Trade Organization Studies. “The U.S. has definitely shown some good gestures but we shouldn’t exclude the possibility of another flip-flop.”



Start Trading Now 
⇓⇑ Stock Market Simulator ⇓⇑
Trade Online Without Risk With a Free Demo Account. TRY FOR FREE


Trump: ‘Big Day of Negotiations With China’

Donald Trump said he’s meeting with Chinese Vice Premier Liu He on Friday, fueling optimism about a positive outcome from this week’s high-level trade talks.

“Big day of negotiations with China. They want to make a deal, but do I? I meet with the Vice Premier tomorrow at The White House,” Trump said in a tweet on Thursday.

⇓⇑ Stock Market Simulator ⇓⇑

The U.S. and China have begun their principal-level negotiations in Washington on Thursday. Trump’s comment about a meeting with Liu contrasted with a report from the South China Morning Post that said the two sides made no progress in deputy-level trade talks this week and Liu will cut his visit short.

Stocks surged after the president’s tweet, rebounding from a wild overnight session sparked by the SCMP article as well as multiple other media reports.

Earlier on Thursday, Liu told Chinese state-run media Xinhua that China carries “great sincerity” for the talks this week. “The Chinese side has come with great sincerity and is willing to make serious exchanges with the U.S. on issues of common concern such as trade balance, market access and investor protection, and promote positive progress in the consultations,” Liu said.


Past meetings between Liu and Trump this year have yielded positive progress on trade. For example, after their meeting in January, China increased its soybean buying. And their February meeting resulted in a delay in tariffs.

Still, tensions between the two economic superpowers reached a fever pitch earlier in the week. The U.S. blacklisted 28 Chinese entities over alleged human rights violations against Muslim minorities in Xinjiang, while putting visa restrictions on Chinese officials involved. China responded “stay tuned” for retaliation against the blacklist.

>>> Online Loans Up To $5,000 <<<

Bloomberg News reported overnight that the White House is working up a partial deal to suspend next week’s tariff increase in exchange for a currency pact. The New York Times also reported that the Trump administration is grant licenses for some U.S. companies to sell nonsensitive supplies to Chinese telecom giant Huawei. The Dow was last up 200 points.


Start Trading Now 
Start Trading Now or Try a FREE Demo Account.


Red October – Wall Street Falls on Persistent Trade War Concerns

StockMarketNews.TodayWall Street tumbled on Tuesday after reports that the White House is moving ahead on possible curbs to capital flows in China stirred up fresh concerns that a trade deal between the two countries won’t happen.

The Dow slumped 263 points or 1% by 9:40 AM ET (13:40 GMT), while the S&P 500 was down 30 points or 1.1% and the Nasdaq composite lost 77 points or 1%.

⇓⇑ Stock Market Simulator ⇓⇑

The two sides are scheduled for high-level trade talks this week. Yesterday after the U.S. blacklisted 28 Chinese entities, including surveillance camera maker Hikvision, for their role in China’s repression of Muslim minorities.

Meanwhile, the White House is in talks around restrictions focused on investments made by U.S. government pension funds, according to a Bloomberg report.

“I don’t think there’s really much hope that we are going to see a completed deal any time soon,” said Scott Brown, chief economist at Raymond James. “For markets, it may be enough to just see a stop in the escalation.”

> The Best Way To Make Money Today <

Boeing (NYSE:BA) was down 1.5% on a Wall Street Journal report that the European Aviation Safety Agency refused to accept FAA assurances that Boeing’s Max 737 are safe.

Domino’s Pizza (NYSE:DPZ) dipped 4.2% after a decline in same-store sales, while Oracle (NYSE:ORCL) fell 1% after reports that it is hiring 2,000 workers. Ambarella (NASDAQ:AMBA) tumbled 9.4% after the blacklisting of Hikvision Digital Technology, one of its biggest customers.

Start Trading Now or Try a FREE Demo Account.

In commodities, the U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 98.662 and gold futures rose 0.6% to $1,512.85 a troy ounce. Crude oil futures fell 13% to $52.09 a barrel.



Trump on Trade War: China Wants To Negotiate…

◊ Trade War News ◊

♦ Trade War Between U.S. and China ♦ Stock Market News Today ♦ … — President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.

Speaking at the G-7 summit in Biarritz in France, Trump praised Chinese President Xi Jinping and welcomed his desire for a deal.

Start Trading Now or Try a FREE Demo Account.

“China called last night our top trade people and said ‘let’s get back to the table’ so we will be getting back to the table and I think they want to do something. They have been hurt very badly but they understand this is the right thing to do and I have great respect for it. This is a very positive development for the world,” Trump said.

“They’ve been hurt very badly but they understand this is the right thing to do,” he said.

“I think we are going to have a deal,” he added. “They have supply chains that are unbelievably intricate and people are all leaving and they are going to other countries, including the United States by the way, we are going to get a lot of them too”

On Sunday, Trump said the U.S. and China were getting along very well and were talking.

“Actually we are getting along very well with China right now, we are talking. I think they want to make a deal much more than I do. I’m getting a lot of money in tariffs its coming in by the billions. We’ve never gotten 10 cents from China, so we will see what happens,” Trump said on Sunday.

Before leaving for the G-7, Trump said he would raise existing duties on $250 billion in Chinese products to 30% from 25% on Oct. 1. Additionally, he said, tariffs on another $300 billion of Chinese goods, which start to take effect on Sept. 1, will now be 15% instead of 10%.

At the G-7, Trump said Sunday he could declare the escalating U.S.-China trade war as a national emergency if he wanted to. “In many ways this is an emergency,” Trump said of the ongoing trade battle.

“I could declare a national emergency, I think when they steal and take out and intellectual property theft anywhere from $300 billion to $500 billion a year and when we have a total lost of almost a trillion dollars a year for many years,” Trump said, adding that he had no plan right now to call for a national emergency.

U.S. Treasury Secretary Steven Mnuchin doubled down on the White House’s latest punch in the trade war by calling out Beijing for unfair trade practices. “We do not have free trade with them,” Mnuchin said Sunday on the sidelines of the G-7 meeting in France.

◊ Online Loans Up To $5,000


◊ Online Loans Up To $5,000

“It’s a one way street: They have free entrance into our markets, our investments, our companies and we do not have the same thing there. That’s the only reason why we are in this situation with China. If China would agree to a fair and balanced relationship, we would sign that deal in a second,” he added.





Trump Orders U.S. Businesses to Find Alternative to China

{ Trade War and Tariffs – Stock Market News } … President Trump said U.S. companies were “hereby ordered” to start looking for alternatives to doing business in China after Beijing said it would impose tariffs on $75 billion worth of additional U.S. products.

“Our Country has lost, stupidly, Trillions of Dollars with China over many years,” Mr. Trump wrote in a series of tweets. “They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen! We don’t need China and, frankly, would be far better off without them.”

Business Credit To Start Or Grow A Business & Invest

Mr. Trump’s comments came in response to China’s plan, laid out Friday, to impose tariffs of 5% and 10% on almost all the remaining U.S. imports on which it has yet to impose punitive taxes, including vehicles and car parts, in retaliation against U.S. moves to slap punitive tariffs on an additional $300 billion of Chinese goods.

The president demanded that U.S. companies “immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”

Trade tensions are disrupting supply chains in China that have churned out electronics such as Apple’s iPhone and Nintendo’s Switch. The sharp escalation in the prolonged trade conflict between the two countries comes weeks after Mr. Trump said he impose the fresh tariffs on Chinese goods and Beijing had vowed to retaliate. China’s new levies on U.S. goods are set to go into effect on Sept. 1 and Dec. 15, timed with the next two rounds of U.S. tariffs on Chinese goods. Chinese tariffs on U.S. automotive goods are set to begin Dec. 15.

Mr. Trump also said he would require shipping companies to block shipments of fentanyl from China and elsewhere. The president has blamed Beijing for not following through on a commitment in earlier trade negotiations to curb flows into the U.S. of the addictive and potentially lethal painkiller.

The White House didn’t immediately respond to questions about the president’s demand that shipping companies “SEARCH FOR & REFUSE” deliveries of fentanyl or offer further details on his demand that U.S. companies find alternatives to China.

Mr. Trump said on Twitter he would formally respond to China’s announcement later in the day. Items China plans to impose tariffs on include agricultural products, apparel, chemicals and textiles.

Some major car companies will be hit hard by the increase in tariffs, particularly Tesla Inc. and Ford Motor Co., as well as Germany’s BMW AG and Daimler AG ’s Mercedes-Benz. These companies build a significant number of vehicles in the U.S. for export to China—mostly premium models—and a higher tariff could force them to raise prices.

A Forum For Investors & Traders – For Beginning Investors, As Well As Experienced And Professional Traders. There’s Open Exchange Of Financial Information, Ideas, Theories And Strategies For Trading The Financial Markets. “near Real-time” Trades Are Posted On Stocks And Options.

In all, auto makers exported roughly 230,100 U.S.-built cars to China last year, according to forecasting firm LMC Automotive.

The Dow Jones Industrial Average dropped more than 450 points, or 1.7%, ending what had been a relatively quiet several days for markets. Yields on U.S. government bonds also tumbled, as did commodities markets, such as oil and copper, that are sensitive to the two countries’ trade battle.

Shares of retailers and semiconductor companies that manufacture parts and materials in China were among the hardest hit. Mattel Inc. and Hasbro Inc. dropped more than 6%, while Nvidia Corp. and Advanced Micro Devices Inc. slumped about 5%.

Federal Reserve Chairman Jerome Powell on Friday offered his most forceful warning of the risks emanating from the administration’s trade policy. “We have much experience in addressing typical macroeconomic developments under” the Fed’s policy-making framework, he said in a speech, “but fitting trade policy uncertainty into this framework is a new challenge.”

White House trade adviser Peter Navarro played down the broader economic impact in an interview on Fox Business Network.

“The risk here for China, when it does things like this, is simply to galvanize support even more” for President Trump in the U.S., Mr. Navarro said, adding that $75 billion “is not something for the stock market to worry about” when compared with the $21 trillion U.S. economy.

Business Credit To Start Or Grow A Business & Invest

A spokeswoman for Robert Lighthizer, the U.S. trade representative, didn’t immediately reply to a request for comment on the tariffs.

“Everyone knew this was coming, which is why we should have come into this fight with allies and a discernible strategy, instead of letting America’s workers and consumers bear the brunt of Donald Trump ’s erratic trade war,” said Sen. Ron Wyden of Oregon, the top Democrat on the Senate Finance Committee. “Meanwhile, China’s market is more closed than ever to American goods.”

The tariffs come just as the two sides had planned for another round of high-level trade talks. Beijing remains interested in a deal that would remove U.S. punitive tariffs, analysts say, and has left open whether its officials would travel to Washington in September for trade talks as previously agreed.


“Now that China has imposed tariffs, it can go to the negotiations,” said Wang Huiyao, founder of Beijing-based think tank Center for China and Globalization. “If China hadn’t, it would look like they’re still under the gun of the U.S.”

Mr. Navarro said Friday the high-level trade talks between U.S. and Chinese officials were still expected to resume in September. Some business leaders on Friday warned that the rising tensions with China are hurting the economy.

Business Credit To Start Or Grow A Business & Invest

“Nobody wins a trade war, and the continued tit-for-tat escalation between the U.S. and China is putting significant strain on the U.S. economy, raising costs, undermining investment, and roiling markets,” said Myron Brilliant, head of international affairs at the U.S. Chamber of Commerce.



Financial Markets News: Top 5 Things to Watch This Week

1. U.S. Jobs Report.

In a big week for economic data the U.S. jobs report for July will steal the spotlight, with a consensus forecast for the economy to add 160,000 jobs, slowing from 224,000 in June. The unemployment rate is expected to tick down to 3.6%, while average hourly earnings are forecast to rise 0.2% month-on-month and 3.2% year-on-year.

Market watchers will also get updates on manufacturing, trade, pending home sales, personal income and consumer confidence this week. The bulk of the data will come after the Fed meeting and will confirm whether a rate move was necessary as investors try to gauge the monetary policy outlook for the rest of the year.

Elsewhere, euro zone data on Wednesday is expected to show that growth slowed in the in the second quarter, while an inflation report the same day is expected to indicate that inflation remains below the ECB’s target of just under 2%.


 2. BOE, BOJ Meetings.

In a busy week for central bank meetings, the Bank of England is expected to keep rates on hold at its meeting on Thursday, as policymakers wait for the fog of Brexit to clear. Investors will be watching for the BOE’s assessment of the British economy‘s current downturn, and how it might respond in the event of a hard Brexit under new Prime Minister Boris Johnson.

Sterling has fallen more than 5% since May, largely on fears of a no-deal Brexit. Johnson, less than a week into the job, has already clashed with Brussels after he again called for the withdrawal deal to be rewritten and vowed to take Britain out of the EU on Oct. 31 regardless.

The Bank of Japan is also expected to hold steady when it delivers its policy decision on Tuesday, but could reinforce its commitment to keep interest rates at rock bottom. The European Central Bank’s decision to hold last week gives the BoJ some breathing room amid a shift to a more dovish stance by central banks worldwide.


3. Federal Reserve Decision.

The Fed is widely expected to cut interest rates for the first time in more than a decade when it delivers its latest monetary policy decision on Wednesday. Money markets have priced in a quarter percentage point rate cut, after expectations for a half percent cut briefly soared mid-month, before pulling back.

The central bank has faced repeated criticism from President Donald Trump over its rate increases and the ongoing reduction of its balance sheet. Trump believes the measures are holding back growth.

That balance sheet reduction, known as quantitative tightening, is set to end in September, but with only a month to go, why wait? Many Fed policymakers are leery of having two policy tools — interest rates and balance sheet size — working at cross-purposes.

4. Trade Talks.

Trade talks between the U.S. and China are due to resume on Tuesday with U.S. trade representative Robert Lighthizer and Treasury secretary Steven Mnuchin travelling to Shanghai. Vice Premier Liu He is expected to lead the talks for China.

With Trump’s November 2020 re-election campaign not in full swing yet and Wall Street at record highs, Trump may not be feeling much pressure for the ‘big beautiful deal’ he has touted but markets will still want something.

The previous round of talks collapsed in May and Trump increased tariffs on $200bn of Chinese imports to 25% from 10% and threatened to slap 25% tariffs on a further $300bn worth of products.


5. Earnings.

Investors can look forward to another slew of U.S. earnings this week with 170 companies listed on the S&P 500 set to report results, including Apple, General Electric , Spotify , Qualcomm , Verizon , General Motors and ExxonMobil.

Apple’s fiscal third quarter earnings will be in focus as investors wait to see if handset sales have improved, particularly in China amid the ongoing U.S.-Sino trade dispute. Apple reported that quarterly sales dropped 5% from a year earlier in the previous quarter, largely due to weak growth in China where iPhone sales fell by 17%.

The tech giant’s services business, which has helped drive profits, will also be closely watched. Apple’s stock price has climbed 33% this year, closing Friday’s session at $207.74.