Current Events > U.S. Stocks Fall on Renewed Trade Anxiety

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SK8T3R215
05/13/19 4:07:13 PM
#1:


U.S. stocks slid Monday, heading for one of their worst days of the year, after officials in Beijing and the White House exchanged fresh threats in a trade fight that many fear could crimp growth.

The Dow Jones Industrial Average fell 617 points, or 2.4%, to 25325, its biggest one-day loss since January. The S&P 500 dropped 2.4% and the Nasdaq Composite was hit the hardest, shedding 3.4%.

Major indexes have made a sharp retreat from records as trade tensions between the worlds two biggest economies have ratcheted higher. Chinese officials said Monday that they would raise tariffs on roughly $60 billion worth of U.S. imports, following through on threats last week to hit back at the U.S. after its own increase in tariffs went into effect.

The moves showed investors that one of the biggest assumptions many had held this year could be in danger of falling apart. Many money managers had credited the stock markets 2019 rally to a combination of easy monetary policy, steady growth in the U.S. and signs of progress in trade negotiations.

There is still time for the U.S. and China to carve out a trade agreement, analysts said, noting the two countries increased tariffs wont hit goods in transit immediately. And U.S. indexes are still up solidly for the year: the S&P 500 and Nasdaq are up double-digit percentages in 2019. Stocks pared some of Mondays losses after President Trump said he would meet with Chinese President Xi Jinping at the upcoming G-20 summit.

Still, investors and analysts say a breakdown of trade talks risks damaging business and consumer confidence, potentially crimping spending at a time when growth is already widely expected to moderate. UBS analysts estimate U.S. growth could drop by 0.75 to 1 percentage point and stocks could fall double-digit percentages if the U.S. hits all Chinese exports with 25% tariffs.

This back and forth that were seeing on trade is a distraction, said Alan Adelman, senior fund manager and research analyst at Frost Investment Advisors. So far, corporate earnings in the U.S. have proven better than feared, helping share prices rise off the lows they hit last year. But Mr. Adelman said he would be closely watching earnings for any signs that trade is starting to translate into poorer results.


https://www.wsj.com/articles/global-stocks-stumble-on-renewed-trade-anxiety-11557734434?mod=breakingnews
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Funkydog
05/13/19 4:09:34 PM
#2:


The best deals
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GasMonkey
05/13/19 4:09:52 PM
#3:


and all of this just to make consumers pay for the tariffs themselves through higher prices on goods.
stable genius
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foreverzero212
05/13/19 4:24:24 PM
#4:


GasMonkey posted...
and all of this just to make consumers pay for the tariffs themselves through higher prices on goods.
stable genius

It's great how Trump just gave corporations a wet kiss of a tax deal and they can't be arsed to eat some of this. Stable system.

They're going to be in for a rude awakening when they try to pass the cost onto a consumer that's already financially tapped out. Can't wait to hear about all the consumer staples millennials are ruining by not buying anymore because of a cost increase.
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Payzmaykr
05/13/19 4:26:48 PM
#5:


Our countrys infrastructure cannot hold up with trade deals the way that they are. Everyone is vilifying Trump for being aggressive, when that is exactly what we need from him. We have trade deals that do NOT benefit the United States, and right now, we dont have enough international capital coming in. Everything is going out, whether if its through foreign donations or disaster relief efforts with the funding of a small nation.
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Funkydog
05/13/19 4:29:34 PM
#6:


Payzmaykr posted...
Our countrys infrastructure cannot hold up with trade deals the way that they are. Everyone is vilifying Trump for being aggressive, when that is exactly what we need from him. We have trade deals that do NOT benefit the United States, and right now, we dont have enough international capital coming in. Everything is going out, whether if its through foreign donations or disaster relief efforts with the funding of a small nation.

"Trump is SAVING us by making things cost MORE for the average person"
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Antifar
05/13/19 4:30:07 PM
#7:


I, for one, am in favor of disaster relief efforts.
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kin to all that throbs
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Samurontai
05/13/19 4:40:28 PM
#8:


Payzmaykr posted...
Our countrys infrastructure cannot hold up with trade deals the way that they are. Everyone is vilifying Trump for being aggressive, when that is exactly what we need from him. We have trade deals that do NOT benefit the United States, and right now, we dont have enough international capital coming in. Everything is going out, whether if its through foreign donations or disaster relief efforts with the funding of a small nation.


Its weird how conservatives claim to be economically responsible but have no clue what theyre talking about when it comes to economics
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Unsugarized_Foo
05/13/19 4:41:06 PM
#9:


Time to buy buy buy
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"All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana
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spudger
05/13/19 4:42:00 PM
#10:


Trump: "This is unfair to america, lets find the worst possible way to deal with the problem!"
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DifferentialEquation
05/13/19 4:47:39 PM
#11:


So I guess we're in Trump's economy now? But then when they recover and the index funds hit new record highs it will magically become Obama's economy again? Is that how it works?
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There's no business to be taxed.
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Samurontai
05/13/19 4:47:59 PM
#12:


DifferentialEquation posted...
So I guess we're in Trump's economy now? But then when they recover and the index funds hit new records highs it will magically become Obama's economy again? Is that how it works?


Its almost like you have no idea what youre talking about
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Antifar
05/13/19 4:51:03 PM
#13:


Worth noting: 50 percent of American households don't own any stocks.
https://www.washingtonpost.com/news/wonk/wp/2017/12/18/for-roughly-half-of-americans-the-stock-markets-record-highs-dont-help-at-all/
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DifferentialEquation
05/13/19 5:01:20 PM
#14:


Antifar posted...
Worth noting: 50 percent of American households don't own any stocks.
https://www.washingtonpost.com/news/wonk/wp/2017/12/18/for-roughly-half-of-americans-the-stock-markets-record-highs-dont-help-at-all/


Yes, it's known that a lot of people refuse to take any personal responsibility for their own financial well being. You can't help people who won't help themselves.
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There's no business to be taxed.
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Bishop9800
05/13/19 5:05:31 PM
#15:


Damm, both Payzmaykr and Differential are in this topic....

GET READY FOR DOUBLE THE MELTDOWNS!!
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CarrieChan
05/13/19 5:12:15 PM
#16:


Unsugarized_Foo posted...
Time to buy buy buy
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tommybel89
05/13/19 5:29:23 PM
#17:


Canadian market also took a hit. My stocks ate it today.
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GasMonkey
05/13/19 5:34:54 PM
#18:


time for 15b in socialism again for red states (2nd time in a year). love how these farmers and rednecks decry socialism then go begging for a handout when their own leader shits the bed on them.

*chefs kiss*
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UnfairRepresent
05/13/19 5:36:59 PM
#19:


Samurontai posted...
Payzmaykr posted...
Our countrys infrastructure cannot hold up with trade deals the way that they are. Everyone is vilifying Trump for being aggressive, when that is exactly what we need from him. We have trade deals that do NOT benefit the United States, and right now, we dont have enough international capital coming in. Everything is going out, whether if its through foreign donations or disaster relief efforts with the funding of a small nation.


Its weird how conservatives claim to be economically responsible but have no clue what theyre talking about when it comes to economics

I'm no Trump supporter but I 100% approve of being aggressive against China economically.

I don't understand why anyone in the west would not be.

It worries me if liberals are saying that's a bad thing and the US should roll over. Sure you'll be fine but your grandkids are going to pay for that attitude when China is the world superpower
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CableZL
05/13/19 5:38:28 PM
#20:


UnfairRepresent posted...
Samurontai posted...
Payzmaykr posted...
Our countrys infrastructure cannot hold up with trade deals the way that they are. Everyone is vilifying Trump for being aggressive, when that is exactly what we need from him. We have trade deals that do NOT benefit the United States, and right now, we dont have enough international capital coming in. Everything is going out, whether if its through foreign donations or disaster relief efforts with the funding of a small nation.


Its weird how conservatives claim to be economically responsible but have no clue what theyre talking about when it comes to economics

I'm no Trump supporter but I 100% approve of being aggressive against China economically.

I don't understand why anyone in the west would not be.

It worries me if liberals are saying that's a bad thing and the US should roll over. Sure you'll be fine but your grandkids are going to pay for that attitude when China is the world superpower


Being against tariffs that cause American businesses to raise their prices, making them more expensive for us as consumers, isn't implying the US should roll over.

Our trade deficit with China is higher than it has ever been and Trump's tariffs are hurting the farm industry, which is why Trump gave them a huge bailout.
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King_Hellebuyck
05/13/19 5:39:58 PM
#21:


UnfairRepresent posted...
Samurontai posted...
Payzmaykr posted...
Our countrys infrastructure cannot hold up with trade deals the way that they are. Everyone is vilifying Trump for being aggressive, when that is exactly what we need from him. We have trade deals that do NOT benefit the United States, and right now, we dont have enough international capital coming in. Everything is going out, whether if its through foreign donations or disaster relief efforts with the funding of a small nation.


Its weird how conservatives claim to be economically responsible but have no clue what theyre talking about when it comes to economics

I'm no Trump supporter but I 100% approve of being aggressive against China economically.

I don't understand why anyone in the west would not be.

It worries me if liberals are saying that's a bad thing and the US should roll over. Sure you'll be fine but your grandkids are going to pay for that attitude when China is the world superpower

Remember earlier today when I pointed out to you that not wanting to force Americans to pay more for Chinese goods while American farmers are losing Chinese business is not the same as wanting to roll over for China? Cuz you ignored it then and Im sure youll handwave it this time if you answer at all.
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UnfairRepresent
05/13/19 5:47:34 PM
#22:


King_Hellebuyck posted...

Remember earlier today when I pointed out to you that not wanting to force Americans to pay more for Chinese goods while American farmers are losing Chinese business is not the same as wanting to roll over for China?


Okay so instead we buy cheap from China due to sweatshops and cheap labor so the US has no businsesses and give them shit we farm in the US for pennies.

Then what?

How much stuff do you own that's made in China because it's cheaper to make there than the US? Be honest.

For a lot of users it'll be half their positions.

Hell one of the only reasons the US can compete at all is the near slavery like privatized prison system were we underpay prisoners for their work and immense Government subsidies.

I'm not claiming Trump Administration is the best at handling this, but "We should stop it and let China continue" is unacceptable IMO and yet it's all I keep hearing.

You do know China is a bigger threat than Russia right? Russia is childsplay. China is going to be the West's final boss of the 21st century. And we're severely underleveled while it is getting better and better gear.
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King_Hellebuyck
05/13/19 5:58:56 PM
#23:


Maybe next time you should argue against something people are actually saying
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twitterfriends
05/13/19 6:00:47 PM
#24:


Trumps Economy
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Evol
05/13/19 6:01:39 PM
#25:


I dont understand why the stocks were rising in the first place. How can anyone trust Trump with anything?
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littlebro07
05/13/19 6:11:37 PM
#26:


Oh cool, I lost $700 today

Thanks Trump
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