Traders were also encouraged by new Inflation Data forjanuary that showed the smallest increase in goods and Services Prices for three years. That has added to bets that the Federal Reserve is on track to start cutting Interest Rates injune. Our north America Business correspondent Erin Delmore Reports from new york. All three of the major us Stock Indexes closed out february with a bang. The Tech Heavy Nasdaq Hit an all time high and it is the first time we have been able to say that since november 2021. Another new high for the s p 500. Both indexers enjoyed their best february high for the s p 500. Both indexers enjoyed their best february since 2015. The Dowjones Industrial Average for its part was up as well. That makes february the fourth straight month in the green for wall street and the Leap Day Boost was helped by some new Inflation Data. Well, the market today is reacting to a favourable continuation of inflation coming down in a trend towards the Federal Reserve s target.
Decades ago, an Asian economy was poised to become a leading player in world trade, notably in the semiconductor sector, but its prosperity and rapid growth aroused the ire of the United States, which soon launched an all-out campaign to stymie its economic prospect.
criticisms, telling people, look, trump is impassable to manage. and all of his flip-flopping and trade bullying, only means one thing, that china needs a powerful leader like me to really push back on america. we can contain china on the global station. that s the political implication here in beijing. steven, thank you so much. let s go to nic robertson. he is standing by for us in southern france. president trump has different policy priorities than the other countries they will be attending, maybe with the exception of italy. is the g7 a good place to do diplomacy in this context?
press secretary under president clinton. glad to have you here. good to be here. what do democrats do? get out the vote. get out the vote. get out the vote. one thing that also happened last week that we ll hear a lot more about is the new york times 18-month investigation showing that the president is guilty of tax fraud, according to the authors there. but i don t know that that s going to happen between now and election day. and he won, frankly, as you know, joe, when people didn t see his tax return. sure. i m not sure how much that changes things, nor do i know that it changes things. yes, you have the tax cuts and this unemployment number. you also have deficit exploding tax cuts reaching $1 trillion next year. have you tons of regulations cut back. will the trade bullying of china work? the jury is still out on all of those. does it matter in the midterms? if you go out and look at the ads people are running both
10% on $200 billion worth of goods from china. electronics are the single biggest category hit followed by wooden furniture, tv parts, vacuum cleaners, solar cells and vinyl floor tiling. china is retaliating by raising tariffs on $60 billion worth of u.s. goods. it s going to collect additional taxes of 5% to 10% on agriculture products to energy exports. all of that causing markets to react. trade talks with china this week are, well, probably going to be cancelled. the president has china has accused president trump of trade bullying. the dow fell right off the top, about 100 points. now down about 170, about 180 points right now. and the standard & poor s 500 is down. the nasdaq tech heavy is up. i m going to see you right back here tomorrow at 1:00 p.m. and then at 3:00 p.m. eastern. thank you for watching. deadline white house with