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Transcripts For KQED Nightly Business Report 20240713

Stocks fell sharply today as tensions between the worlds two largest economies escalated, days before critical highlevel talks begin and higher tariff rates are scheduled to take effect. Here are closing numbers. The Dow Jones Industrial average 3130134 points to 26164. The nasdaq was down 132 and the s p 500 lid 45. We begin at the New York Stock Exchange and bob pisani. Another tough day of trading. Stocks falling off as optimism falters around the u. S. China trade deal. But ending near the sessionhe lolo. So once again the market are beholden to negotiations. Stock startedower on news the u. S. Would add more Chinese Companies to the export blacklist, then falling further on the word that Trump Administration was considering ways to limit u. S. Investments in china like cutting down on investments made by u. S. Pension funds. Predictably that put pressure on the usual cyclical names, banks and materials and retailers. Been pap and its taken a toll op chip makers, all getting betwee

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