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Author: Subject: President Trump secures a major trade deal with China, stock market soars

Universal Peach





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  posted on 5/21/2018 at 02:13 PM
President Trump secures a major trade deal with China that will greatly reduce the U.S. trade deficit, provide big help to U.S. farmers and there was, as the corrupt liberal media has claimed for months, no “trade war”.

Stocks jump as US and China announce progress in trade talks

By MARLEY JAYPublished May 21, 2018MarketsAssociated Press

Stocks are rising Monday after the U.S. and China appeared to make major progress in trade talks. The Chinese government says it will buy more U.S. goods, including energy and agricultural products, and Treasury Secretary Steven Mnuchin says the U.S. postponed tariffs on up to $150 billion in goods from China. Industrial companies and banks are making some of the biggest gains and technology stocks are also climbing.

KEEPING SCORE: The S&P 500 index climbed 21 points, or 0.8 percent, to 2,734 as of 1:30 p.m. Eastern time. The Dow Jones industrial average rose 299 points, or 1.2 percent, to 25,014. It climbed 371 points earlier. The Nasdaq composite gained 43 points, or 0.6 percent, to 7,398. The Russell 2000 index of smaller-company stocks was on pace for another record close as it jumped 9 points, or 0.6 percent, to 1,635.

TRADE TALKS: The U.S. and China concluded two days of trade negotiations with an agreement not to impose tariffs on each other, while Beijing said it will buy more farm goods, energy and other products and services from U.S. companies. The two sides gave no indication of how much progress they had made toward ending their dispute entirely and both said hostilities could increase again.

Trade disputes have occupied a lot of investors' attention for the last two months and stocks have rallied on signs progress was being made, only to fall back when the situation appeared to worsen.

Investors applauded. Among industrials, Boeing gained 3.5 percent to $363.51 and construction equipment maker Caterpillar rose 2.6 percent to $159.76. In the financial sector, JPMorgan Chase rose 1.1 percent to $112.30 and Morgan Stanley added 1.2 percent to $54.56.

RIDING THE RAILS: General Electric's train engine division will combine with railroad equipment maker Westinghouse Air Brake Technologies in deal worth $11.1 billion as GE CEO John Flannery continues to break off parts of the conglomerate. GE will get $2.9 billion in cash and will own 50.1 percent of the combined company, and the deal will help it narrow its business down to the aviation, health care and energy industries.

Wabtec gained 4 percent to $99 and GE rose 2.7 percent to $15.37.

BANK ON IT: Fifth Third Bancorp is buying Chicago's MB Financial for about $4.7 billion, mostly in stock. The deal values MB at $54.20 per share, and its stock rose 13.2 percent to $49.40 while Fifth Third tumbled 7.9 percent to $30.92.

GET A ROOM: Investment manager Blackstone agreed to buy LaSalle Hotel Properties for $33.50 a share, or $3.7 billion in cash. LaSalle jumped 5.6 percent to $33.69 while Blackstone rose along with other financial firms and gained 1.9 percent to $31.89.

CHIPS CLIMB: Chipmakers rallied after Micron Technology raised its profit and revenue forecasts for the fiscal third quarter. Micron jumped 4.3 percent to $55.66 while Intel picked up 1.6 percent to $54.34 and Lam Research added 2 percent to $199.33.

That contributed to a broad rally in technology stocks. Apple gained 0.9 percent to $188 and Google's parent company Alphabet rose 1.7 percent $1,087.41 as technology companies advanced.
CURRENCIES: The dollar rose to 111.05 yen from 110.68 yen late Friday. The euro dipped to $1.1772 from $1.1773.

OIL: Benchmark U.S. crude oil rose 1.2 percent to $72.11 a barrel in New York. Brent crude, used to price international oil, added 0.7 percent to $79.03 per barrel in London.

BONDS: Bond prices edged lower. The yield on the 10-year Treasury note rose to 3.07 percent from 3.06 percent.

OVERSEAS: The British FTSE 100 gained 1 percent and France's CAC 40 rose 0.5 percent. The German market was closed for a holiday. Japan's Nikkei 225 rose 0.3 percent. Hong Kong's Hang Seng gained 0.6 percent and South Korea's Kospi added 0.2 percent.

https://www.foxbusiness.com/markets/stocks-jump-as-us-and-china-announce-pr ogress-in-trade-talks

 
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Peach Master



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  posted on 5/21/2018 at 02:26 PM
Will it last for 7 years like in the Obama days?

 

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Universal Peach



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  posted on 5/21/2018 at 02:32 PM
quote:
Will it last for 7 years like in the Obama days?



President Trump has the U.S. economy rocking.
Under Obama the U.S. economy was anemic at best.


 

World Class Peach



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  posted on 5/21/2018 at 02:40 PM
And if the stock market falls, then what? You really think it’s the Presidents fault if that happens? Sounds like you don’t understand the stock market.
 

Universal Peach



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  posted on 5/21/2018 at 03:14 PM
quote:
And if the stock market falls, then what? You really think it’s the Presidents fault if that happens? Sounds like you don’t understand the stock market.



"If"...


If Obama had been a competent President the country would have much better off.
Now that we have President Trump America is Great Again.



 

Peach Master



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  posted on 5/21/2018 at 03:33 PM
Then why take so much credit for it rising? The 2nd best Bull Market In history was under Obama. 2nd to Clinton. Trump compares himself so much to Obama so let’s wait and see the final result. If he maintains growth for years then he will be able to legitimately boast. I bet if there is a hiccup in this economy during his term he will blame Obama, Hillary, or somebody else. Probably Kudlow

[Edited on 5/21/2018 by sckeys]

 

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Universal Peach



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  posted on 5/21/2018 at 03:54 PM
quote:
Then why take so much credit for it rising? The 2nd best Bull Market In history was under Obama. 2nd to Clinton. Trump compares himself so much to Obama so let’s wait and see the final result. If he maintains growth for years then he will be able to legitimately boast. I bet if there is a hiccup in this economy during his term he will blame Obama, Hillary, or somebody else. Probably Kudlow

[Edited on 5/21/2018 by sckeys]



If don't get it.

The stock market is but one of the five leading economic indicators.
Under Obama the economy barely stumbled along.
With President Trump four of the five leading indicators are at record levels and the fifth continues to climb.

No if about it.



 

Peach Master



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  posted on 5/21/2018 at 04:15 PM
Your original post was about the market. Again, this is all great but does it hold? The Obama economy “stumbled along” with positive results. If something happens we can expect the “It’s just what a market does” or ,“Business Cycle” lecture, of which both are factors but leads me to ask again, why is the president bragging about the market so much? He’s been there for 1.5 yrs so let’s see if it can sustain. The disaster on feet, Larry Kudlow, has already back stepped his comments on growth covering debt THIS MORNING. With him advising, it’ a worry. I remember him well from the recession that he denied until he could blame democrats. I hope I’m wrong but buying hedge bets just in case.

 

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World Class Peach



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  posted on 5/21/2018 at 06:22 PM
Economy has been improving steadily since 2009. Trump is riding his wave. Great work Obama.
 

Peach Extraordinaire



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  posted on 5/21/2018 at 06:44 PM
Anyone who makes any claims based on one day in the stock market does not understand how the market works.
 

Zen Peach



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  posted on 5/21/2018 at 07:05 PM
quote:
Anyone who makes any claims based on one day in the stock market does not understand how the market works.


muledouche has never been accused of being a deep thinker.

 

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Peach Extraordinaire



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  posted on 5/21/2018 at 07:38 PM
It's a good thing that Trump and the GOP are fiscal conservatives and don't believe in policies that would increase the deficit.
 

Peach Extraordinaire



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  posted on 5/21/2018 at 08:38 PM
quote:
It's a good thing that Trump and the GOP are fiscal conservatives and don't believe in policies that would increase the deficit.


It's been a long time since the GOP could legitimately have been considered fiscal conservatives.

Https://www.bloomberg.com/graphics/2018-republicans-growing-deficit/

 

Maximum Peach



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  posted on 5/21/2018 at 08:44 PM
I can't believe how much somebody is bringing up our former President over and over and over and comparing the current President. The only thing you are trying to do is stir the pot by doing that, which actually does nothing except for juvenile entertainment. Try being an American first and a partisan hack....like never for a change. I think you may find it refreshing and people tend to like you more.

Regarding the China trade issue, I think it comes up short. Sure there are aspects in this potential agreement that is good for the US, but in my opinion China gets way more out of it (or gives up less).

It is fine, it is better than just leaving it alone and not trying to improve trade balance with China, but it is far from a great success I might have imagined.

That is just the thing, it doesn't have to be everything is we did this and you didn't, I won you lost, my dick is bigger.

We need more people who care about the country and less people who care about what a political party does. Get a clue.

 

Peach Extraordinaire



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  posted on 5/22/2018 at 06:12 PM
The DJIA dropped 178 points today because of uncertainty about the China trade deal. I guess mule will agree that this is on Trump.
 

Universal Peach



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  posted on 5/22/2018 at 07:23 PM
quote:
quote:
And if the stock market falls, then what? You really think it’s the Presidents fault if that happens? Sounds like you don’t understand the stock market.



"If"...


If Obama had been a competent President the country would have much better off.
Now that we have President Trump America is Great Again.





President Obama got Bin Ladin.

 

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Peach Extraordinaire



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  posted on 5/23/2018 at 09:11 AM
The stock market is down again as optimism over trade talks recedes. Again, mule must believe this is Trump's fault.
 

Zen Peach



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  posted on 5/24/2018 at 11:14 AM
quote:
The stock market is down again as optimism over trade talks recedes. Again, mule must believe this is Trump's fault.


Market down again today thanks to the orange buffoon canceling the talks with kim.

maga

 

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