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KQED Nightly Business Report July 14, 2024

You know, forhe a while stock and bond markets have been focused on three things, trade,r the fed andrate earnings. Today all three issues collided. First, presieant trump rd that the u. S. And china still have a long way to go before the two countries rch a trade deal, and he warned once again that hes ready to slap tariffs on another 325 billion of chinese goods. , seconew report said that retail sales increased more than expected in june, an indication that the consumer is strong. That could change the calculus for the fed and the likelihood of rate cuts this year. Third, earnings reports released so far have shown that Consumer Spending i strong, but business spending is slowing down. New reports like thesean often change a longheld outlook for growth, so we asked Steve Liesman to put together a realtime assessment of the economy. Thats where we start tonight. Reporter ....

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