Trade-war fears to loom large over stocks
9/15/2018, 4:27:53 PMThe Fed's interest-rate hikes could trigger a recession ✔ How markets have fared since the financial crisis 2 ✔ But a strong buck could hurt companies with significant overseas business as it makes their products more expensive ✔ The MSCI Emerging Markets index is down 11 percent this year versus the S&P 500's 8.7 percent gains
Trade war cuts into China's high-tech production
9/15/2018, 7:58:07 PMUS tariffs slow output growth for robots and integrated circuits ✔ Those same factors likely caused consumer prices to rise as well, driving up personal consumption more than any growth in demand ✔ The tally also grew for food products as the heat raised prices for goods like pork and vegetables ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th
US TRADE WAR: Trump plotting $200bn MORE tariffs as China talks CRUMBLE
9/15/2018, 1:12:52 PMDONALD Trump has demanded more tariffs on $200 billion of Chinese goods as talks between the world’s two largest economies fail and tensions between Washington and Beijing soar. ✔ The president has said he wants to stop the unfair transfers of American technology and intellectual property to China and protect jobs ✔ The International Monetary Fund has warned that an escalation of the tariff war could shave 0.5 percent off global growth by 2020
Lenovo's CEO says a trade war isn't good for anyone, calls on US and China to resolve differences
9/15/2018, 1:24:15 PMAs the U.S. and China weigh their next steps on trade, the CEO of Lenovo is calling on both countries to work out their differences. ✔ That threat hangs over Chinese technology companies like Lenovo, which leads HP, Dell and Apple in worldwide market share in the number PCs shipped, according to data from Gartner ✔ Simply put, these tariffs will make going online more expensive for everyone, wrote Sage Chandler, staff vice president of international trade, in a blog post last month
John Kerry says Trump has the ‘maturity of an eight-year-old boy’
9/15/2018, 3:01:49 PMFormer Secretary of State John Kerry took time during an appearance on Bill Maher’s TV program to respond to an angry tweet from President Trump. ✔ Manafort pleaded guilty to two federal crimes on Friday, and has agreed to cooperate with the Mueller investigation into whether there was collusion between Russia and the Trump presidential campaign in 2016 ✔ We Want to Hear from You Join the conversation Comment
Wall Street Journal: Trump to impose tariffs on $200B in Chinese goods
9/16/2018, 1:12:10 AMPresident Donald Trump is planning to impose a fresh round of tariffs targeting about $200 billion in Chinese goods, The Wall Street Journal reported Saturday, citing individuals familiar with the matter. ✔ She pointed the Journal to a statement released Friday ✔ The next round of US tariffs on Chinese goods is likely to make thousands of products, including dishwashers, Fitbit fitness trackers and food seasonings, more expensive for American consumers ✔ Beijing has pledged to hit back again with tariffs on another $60 billion of US exports, including meat, coffee, furniture and auto parts
Opinion | How resilient is American democracy? Well, we’re better than Europe.
9/15/2018, 1:11:27 PMFormer British prime minister Tony Blair says it’s less clear the same level of resilience exists in Europe. ✔ Can this strategy still work or is it a fusty artifact destined to be dismissed as Clintonian triangulation rather than practical problem-solving ✔ Anne Applebaum: For the U.S.-European alliance, everything has changed Fareed Zakaria: The decline of U.S. influence is the great global story of our age
Investors may be forgetting the lessons from Lehman Brothers collapse
9/15/2018, 1:51:24 PMIt's been a decade since the financial crisis. What followed? Only the longest bull market on record ✔ The ensuing decade proved incredibly profitable for investors as policymakers around the world threw everything they could at the problem ✔ China's Shanghai Composite is down 25 percent, in a bear market outright ✔ Brad McMillan, chief investment officer at Commonwealth Financial Network, believes that the real lesson of the collapse of Lehman was that the system was more vulnerable than anyone thought
South Korea forges ahead with charm offensive to Kim regime even as U.S. outreach cools
9/15/2018, 8:33:26 PMThe next North-South summit has been planned for Tuesday in Pyongyang. But the coalition that Trump assembled to put pressure on Kim Jong Un is fraying. ✔ Trump’s starting a trade war with Beijing has not helped ✔ He also has faith in Kim but argues that the question of whether he is sincere is, at this point, irrelevant ✔ If the North Korean leader says ‘I want to get rid of my nuclear weapons,’ then we’ve got to talk to him, he said
Ten years after the crash, the US economy has bounced back
9/16/2018, 3:27:18 AMWall Street is thriving again, as Trump never stops reminding us, but the US has had to accept that China now rules the world, writes FREDDY GRAY, Deputy Editor of The Spectator. ✔ We will soon be taking in Billions in Tariffs & making products at home.’ Of course, lots of experts say this is economic suicide: ‘Trumponomics’ is protectionism and will destroy America’s ability to innovate and create endless wealth ✔ The trouble is, ten years on from the crash, there is much to fear
Mangkhut, Apple, and Google: The Gathering Storm
9/15/2018, 2:13:56 PMThe special Sino Saturday edition by Clay Chandler. ✔ As Maduro departed for Beijing, Venezuela’s finance minister claimed China had already agreed to a $5 billion cash line ✔ China has already bankrolled Venezuela some $50 billion over the last 10 years, and the oil rich South American country has yet to repay around $20 billion ✔ Find previous editions here, and sign up for other Fortune newsletters here
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