Cramer: China tariff tweaks signal that Trump does not want the stock market to drop any further
"I think this is the president saying, 'I don't want the stock market to go down any more,'" says CNBC's Jim Cramer.
"I think this is the president saying, 'I don't want the stock market to go down any more,'" says CNBC's Jim Cramer.
Oil prices rose more than 3% on Tuesday after the United States said it will remove some products from its China tariff list, easing concerns over a global trade war that has pummeled the market in recent months.
A protracted trade war between China and the United States, the world's largest economies, and a deteriorating global growth outlook has left investors apprehensive about the end to the longest expansion in American history.
Boeing Co delivered 38% fewer planes in the first seven months of 2019 than the same period a year earlier, as the grounding and doubts around the future of its best-selling 737 MAX jets hurt operations.
U.S. and European stocks jumped, the dollar strengthened and bond prices rose on Tuesday on news U.S. and Chinese officials held a telephone call to discuss tariffs and planned another call in two weeks, easing concerns about the U.S.-Sino trade war.
Escalating trade tensions between the U.S. and China are hitting the retail sector hard. Yet market history says a rebound could be ahead.
Some influential voices on Wall Street are saying that Trump blinked in the latest exchange with China.
U.S. stocks surged more than 1.5% on Tuesday after the Trump administration said it would delay 10% tariffs on some Chinese products, including laptops and cell phones, driving a 4% rally in shares of iPhone maker Apple Inc.
Oil prices rose over 3% on Tuesday after the United States said it will delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummelled the market in recent months.
More people in the United States appear to be struggling to keep up with their credit card and student loan debt, which could put pressure on one of the strongest drivers of economic growth.
The Trump administration on Tuesday released a 21-page list detailing an extensive array of Chinese imports for which it has decided to delay a new 10% tariff from Sept. 1 to Dec. 15, ranging from frozen fish to fireworks, sports equipment and baby gear.
Guggenheim named WWE its best idea into the remainder of 2019, and reiterated its buy rating and $100 price target, a 55% upside for the stock.
U.S. President Donald Trump said on Tuesday his administration decided to delay tariffs on some Chinese imports until mid-December to avoid hurting U.S. shoppers heading into the Christmas holiday.
There's been a steady slide toward pessimism among the American public when the topic is Amazon. Whether influenced by politics or not, the changing attitudes may reflect a changing understanding of their role as consumers.
U.S. consumer prices increased broadly in July, but the signs of an acceleration in inflation will likely do little to change market expectations that the Federal Reserve will cut interest rates again next month amid worsening trade tensions.