Stalling, the origins of the coronavirus outbreak, this as the white house is still blaming beijing. Elon musk scoring a win in his battle with california really Alameda County getting green light to open alameda factory after orders to stay close. Futures are searching for direction. This after markets gave up early gains over concerns about a possible spike in coronavirus cases, that leading to a selloff yesterday. Uber looking to take over grubhub in possible all stock deal as food demand surges during lockdowns. More controversy in the Michael Flynn case, a federal judge delaying a decision on the Justice Departments move to drop the case against the former National Security adviser. One programming note, tomorrow, do not miss marias sitdown with President Donald Trump. Latest on getting america back to work, more stimulus, china, the 2020 race and a whole lot more, you dont want to miss any moment of it right here starting at 6 00 a. M. Eastern. Meantime mornings with maria is liv
Sunday will mark the next escalation in the trade war between washington and beijing. 15 import taxes on about 120 billion of chinese imports. Whether either side might be getting ready to blank. My discussions with chinese and american friends and china is looking more and more alike we are not any closer. It seems that china has begun to hunker down. China has waited this out, and china thinks that they can weather the storm more easily than President Trump or americans think they might. China is beginning to look for other markets for their exports and they are doing a pretty good job doing that, so it is the longer haul. There is also a sense that it is becoming more political than economic. President trump might be timing potential deals closer to the election rather than earlier. That is the next couple of three weeks. People are starting to adjust to all of the changes. The trouble is there is still in immense uncertainty. With the inability of putting a deal together is creatin
Higher carrots and tougher sanctions now while it seems that the risk of a full blown currency wars are now at diminished both economies have been ravaged by the ongoing trade war so after all the dust settles who is in better shape now lets take a look at this this shows the 4 major Central Banks the e. C. B. The bank of japan the peoples bank of china and the fed over in red and their total assets so what do you notice here this is a really interesting trend right now because all of the worlds Central Banks are kind of converging together and coming together at a very similar valuation up here but then theres the one the fed thats actually breaking the trend here everyone else has come to an equal stance at about 5. 2 trillion in assets but the fed has been on autopilot to reduce its Balance Sheet the reverse of everybody else they did so through a series of quantitative tightening starting at the end of 2017 but now this has resulted in a liquidity drain that is tightening the u. S.
Where the currency manipulator label while it is in part symbolic it can actually open doors for very real consequences by doesnt it country as a currency manipulator it opens the doors for trump to set more formal punishment higher carrots and tougher sanctions now while it seems that the risk of a full blown currency wars are now at diminished both economies have been ravaged by the ongoing trade war so i after all the dust settles who is in better shape now lets take a look at this this shows the 4 major Central Banks the e. C. B. The bank of japan the peoples bank of china and the fed over in red and their total assets so what do you notice here this is a really interesting trend right now because all of the worlds Central Banks are kind of converging together and coming together at a very similar valuation up here but then theres the one the fed thats actually breaking the trend here everyone else has come to equal stands at about 5. 2 trillion in assets but the fed has been on au
True chinese trade delegation will travel to washington in september to conduct the next round of face to face negotiations and its most recent statement on thursday china indicated that it might not move forward with the latest round of tariffs on the u. S. Instead stressing the need for the worlds 2 largest economies to the conflict the ministry of commerce spokesperson golfing said that china has ample means for. But thinks that the question should be discussed. Should be discussed now is about removing tariffs as it is not conducive to china or the us both china and the us seem to want to call a ceasefire after this year long trade war on monday trump conceded that trumps phone calls from china did not happen the way he said they did and that it was his attempt to project optimism to boost markets trump has been increasingly concerned about the markets inability to breach 3000 and is agitated the destroyed war with china is dragging on months longer than expected. Earlier this mont