Wowww What in the Fu*k is this?????? This has got to be the last fu*king straw. How can there possibly be this much confusion. Now its "completely wrong" Stock futures cut gains after Trump says a report on trade deal is ‘completely wrong’ PUBLISHED THU, DEC 12 20195:40 PM ESTUPDATED MOMENTS AGO https://www.cnbc.com/2019/12/12/sto...-us-and-china-near-signing-of-trade-deal.html
Donald J. Trump ✔@realDonaldTrump The Wall Street Journal story on the China Deal is completely wrong, especially their statement on Tariffs. Fake News. They should find a better leaker! 5,848 9:06 AM - Dec 13, 2019 Twitter Ads info and privacy 2,958 people are talking about this
the market is NOT flat, what you call flat is called the 'DEAD ZONE' if you know what im talking about. markets closed from 12pm-3pm known as DEAD ZONE 3 hours of DEAD ZONE is what traders call it. market was DEAD after 12pm and flat for like 4 hours of half the day for you daytraders. in the daily charts it's NOT flat, it's a very and VOLATILE market , lots of risk for either long or short positions. in terms of percentage not much but for futures traders this market violatile man from lack of liquiidity and few players and big bid and ask spreads.
We must of been looking at two different NYSE/Nasdaq markets today. Intraday or full day. - it was flat. Period. And suggestion use the carriage return once in a while ... so your thoughts don't come across in one big sloppy mess. Or not.
I believe what happened here is the WSJ posted an article about what they heard about the trade deal being signed. The markets went YAY and priced in the bits they published. Trump, as usual, exaggerated with his tweet, and the markets tanked because they thought he meant there was no deal at all. Then he tweeted of the details of the deal. Then China mentioned at their 10AM ET news conference what Trump tweeted and this all contrasted with the original WSJ article, which amounted to basically half of what that original mentioned, and traders digested it all. In the end, I think the markets took it in stride, this roller-coaster since May 5th. Providing there is no reneging by either side, we should see a Santa Rally. And remember, Asia markets were closed when these bits were announced, so there should be some up action come Sunday night ET. This is why I stayed in long at close tonight, down only 9 points on the MNQ position. But trading through the trade war on the swing side has definitely been like Scanners.
What war? Lots of manufacturing or low skilled manufacturing like clothing and shoes have moved to Vietnam and even lower wage countries, Those jobs are not coming back to the US. It's the US who wants access to the China 'market' or it's financial industry. finance industry is protected or has lots of protectionism The reality, US doesn't have the most advance technology and students or engineeers etc don't need to attend US colleges to learn new technology. Trade has always been about money and trade. The universities in Asia are becoming in par with US standards and leading edge technologies. look at Hauweii case, 100% of people in China and the gov't OPPOSE the arrest. you have foreign gov't(US) and politicians who calling for 30 year prison sentence for an alledge BS crime okay? They should have case study in law school bout this case. injustice in the legal system or what is justice? How can someone be guilty of a 'crime' if so many people disagree it's a 'crime'? some politicians think trade must include other things like meddling in other countries domestic political issues. it's no America problem if their is riots in Hong Kong. Hong Kong has more freedom than in US. the riots are conseqence of rising taxes and rising unemployment and rising gov't regulations of the city. and the city has become socialist and anti=free market. The gov't in Hong Kong jus banned real estate speculation. imagine the US gov't put in tax on shares traded in the 'exhanges' volume would shrink 98% if a trading tax was put in place in the exchanges. A new rule like you cannot flip shares or ban shorting in the exchanges. it is basically banned on speculation and trading.
https://www.washingtonpost.com/business/2019/12/13/winners-losers-trumps-phase-one-china-trade-deal/ Winners and losers in Trump’s ‘phase one’ China trade deal President Trump and China finally agreed to a partial trade deal on Friday, putting the 21-month trade war between the world’s two largest economies on pause — for now. Trump’s White House rushed to characterize it as “amazing” and “historic.” Top Chinese officials held a rare news conference to emphasize this deal was a win for them that meets the “growing needs of the Chinese people.” Stocks hit record highs Thursday as Wall Street applauded the news, but stocks ended little changed Friday as details trickled out. Democratic leaders and many China hawks slammed Trump, saying he caved too easily. Many business groups were cautiously optimistic. The full text of the deal has not been made public, but Trump’s team and Chinese officials confirmed that the president agreed to scale back some tariffs in exchange for China buying about $200 billion more of U.S. goods in the next two years and opening up to U.S. financial firms. Here’s a rundown of the winners and losers: Winners Trump, at least politically. He can say he made a deal, even it’s limited. It by no means fulfills all the objectives Trump set out to achieve in resetting the trade relationship with China. But he and his team are already spinning this as Trump keeping yet another campaign promise, even in the midst of Democrats trying to impeach him. News of the deal made the front pages of major newspapers and was mentioned on TV. He can trumpet the deal particularly to farmers and manufacturing workers hit hard by the trade war. The China deal (and the recently agreed-upon U.S.-Mexico-Canada trade deal) also make it likely the U.S. economy will grow at 2 percent or more next year, avoiding a recession and helping Trump’s reelection chances. Farmers. China has committed to buying a record amount of U.S. agricultural products next year, surpassing the prior record of about $26 billion in 2012. U.S. officials say China has agreed to buy $32 billion of agricultural products, though Trump says China will probably “hit $50 billion.” The Chinese refuse to utter that exact figure, but they have agreed to bump up purchases, and they know Trump wants headlines saying it’s the “most ever” even if it’s not quite $50 billion. This will be a much-needed injection of cash for farmers, who have been pounded by China’s retaliatory tariffs despite a program Trump set up to compensate them for losses. Farm bankruptcies are up 24 percent from last year and farm debt is projected to reach a record high, according to the U.S. Farm Bureau. But farmers who voted for Trump before are likely to return to him again after this deal. Apple and other tech companies. Apple stock soared Friday, even as the overall market was flat. Tech companies like Apple are some of the biggest beneficiaries of this “phase one” deal because they will not be hit by tariffs. Trump had planned to put tariffs on cellphones, laptops and other popular tech products made in China and shipped to the United States on Dec. 15, but this deal scraps those plans entirely. This is a reminder that certain U.S. companies have quietly managed to avoid most of the tariffs, even as others suffered. Walmart and other retailers. Trump scaled back (or canceled) tariffs on the most popular items that Americans buy in stores, a massive relief for major U.S. retailers such as Walmart who were trying to figure out how to pass on the higher costs to consumers next year. The Dec. 15 tariffs on toys and tech products aren’t happening now, and the tariffs enacted in September on many clothing products (shoes, coats, etc.) were cut in half from 15 percent to 7.5 percent. Many retailers were able to keep prices down this holiday season because some shipments arrived before the tariffs went into effect, but it would have been much harder to avoid price hikes in 2020. Now that’s not an issue. Wall Street investors. The S&P 500 index is on track for a total return of around 29 percent this year. That would make this the best year for stocks since 2013 and one of the best years of all time. Stocks did fall sharply at the end of last year, but much of that pain has been forgotten after the rebound. Trump loves touting stock market highs — he did it again Friday after this deal sent stocks to a record close on Thursday. About half of Americans have at least some money in the stock market. JPMorgan Chase and other U.S. financial companies. One of the biggest breakthroughs in the deal is China finally allowing U.S. banks and credit card companies to enter China on their own without having to partner with a local Chinese company. This has been on the wish list of big American banks for years. JPMorgan Chase already started the groundwork this summer to open in China in anticipation of this deal. Business leaders. Chief executives of just about every major U.S. company have been urging Trump to strike a deal soon. On Thursday, shortly after Trump gave his final sign-off, he met with the heads of Cummins, Stanley Black & Decker and Union Pacific, who welcomed the deal. Trump frequently claims his tariffs are paid by China, but that’s not true. U.S. companies have been footing the bill (and sometimes passing costs on to consumers). And that bill so far has been $88 billion, one of the largest tax increases in U.S. history, according to the right-leaning Tax Foundation. This deal lowers that burden a bit and, importantly, signals Trump is unlikely to ramp up tariffs further in 2020. The Chinese government. China didn’t have to give too much here, and its leaders played Trump skillfully at the end, refusing to confirm there was a deal for hours after the White House leaked there was one. China did agree to buy about $200 billion more of U.S. agriculture, energy and manufactured goods, but it was planning to do most of that anyway. It had even offered around that level of purchases in mid-2018. The biggest concession China made in this deal is to agree to penalties if it doesn’t hold up its end of the bargain, but there is a long process the United States is supposed to go through before imposing punitive tariffs. In the meantime, Chinese leaders can say they got Trump to roll back some tariffs. Losers Peter Navarro, Stephen K. Bannon and China “hawks.” This deal does little to fundamentally change China’s ambitious “Made in China 2025” plans. Trump’s had many trade advisers like Navarro urging him to keep the tariffs on and push China for a bigger deal that would include China committing to no longer subsidize key industries and steal U.S. trade secrets. Instead, Trump scaled back tariffs and settled for a much less ambitious agreement. Trump promises there will be a “phase two” after the election, but many fear this will end up being a one-and-done deal. Trump’s “MAGA” trade agenda. The China deal may be a win for Trump politically, but his goal of forcing China to overhaul its economic policies did not happen here. China remains a power player and its “Made in China 2025″ plan is still moving ahead. China also did not agree to scale back any of its government subsidies for industries like steel. While the latest trade data shows a small reduction in the trade deficit with China, the U.S. trade deficit with other nations (especially in southeast Asia) is growing. Bankrupt farmers. Some farmers didn’t make it to see the gains from this deal after two brutal years for agriculture. In addition to a spike in farm bankruptcies, farmer suicides are on the rise and now exceed veteran suicide rates. Democrats. The “phase one” China deal is part of a string of positive news that is causing an upswing in markets and the economic outlook for 2020. A recession looks unlikely now. Trade was the biggest concern, economists said, and that’s mostly off the table now. It’s going to be harder to run against Trump. Senate Minority Leader Charles E. Schumer (D-N.Y.) tried to cast this deal as Trump “selling out” to China, but it is going to be easier for Trump to swat away those attacks, especially if farm purchases set records. U.S. companies still facing tariffs. Trump still has tariffs in place on about $370 billion of Chinese imports. That includes hefty 25 percent tariffs on many parts used in manufacturing, especially for autos. Those tariffs look like they are going to stay in place for a long time. Many small and midsized businesses have been hit the hardest since they have less ability to shift production to Thailand or Vietnam. Huawei. The Chinese tech giant has become the poster child of Trump’s anger against China. Huawei has been accused of spying on the U.S. government and U.S. companies via Hauwei phones and tech products. Trump heavily restricted Hauwei’s operations. The Chinese government tried to intervene numerous times, but Trump mostly held firm. Huawei told The Washington Post this week that the company may need two or three years to recover from Trump’s actions. The phase one deal does not address Huawei’s situation. China’s economy. China was already facing a slowing economy before the trade war began. Trump’s tariffs exacerbated the pain. While there is relief that he isn’t going forward with tariffs on all Chinese products, as he had planned to do Dec. 15, Trump has still kept in place tariffs on nearly $370 billion worth of imports. Even more importantly, there is evidence that some companies shifted their supply chains out of China to other countries. That business, while modest as a share of China’s total economy, is unlikely to return. Barack Obama and George W. Bush. There will be debate for years about whether Trump’s trade war was worth it and whether he achieved enough from the deal. But there’s agreement that Trump changed the conversation about China. There was bipartisan support to go after China for unfair business practices, and Trump seized on that in a way that his two predecessors did not.
Chinese people are the real winners if the trade deal is done. They are the real losers in this trade war. US consumers are not footing the bill for Trump's tariff. It is the Chinese people who footed the bill since the trade dispute started in early 2018. At the time the exchange rate was 1 USD = 6.25 Chinese Yuan. Today it is 1 USD = 7 Chinese Yuan, a 12% depreciation, enough to take care of the 10-15% tariff on Chinese exporters do not have to raise prices. To consumers, the price they pay should be about the same, trade war or not. If you don't believe me, just look at US inflation compare to Chinese inflation. The Chinese people have been complaining about rising prices for some time now.