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A compromise deal that has been underway for months now with work being done to close the gap on key differences between the administration and House Democrats the biggest difference has been the enforcement mechanism on rules for labor unions and protections mexicos government remains opposed to allowing u. S. Inspectors to enforce labor rules in mexico but they say theyre open to the use of arbitration panels to resolve disputes over labor standards and another demand of House Democrats is the lowering of intellectual property protections for biologic drugs passing this revised version of the u. S. In ca would eliminate and replace the old nafta agreement which was a Key Campaign Promise made by president during his 2016 campaign. And Chinese Telecom gian ....
The day when the dow was down more than 300 points the russell 2000 fairing the worst. Lets go to bob at the New York Stock Exchange remember all this optimism on friday the jobs report helped dispel some of the concerns about recession. Dispel didnt get rid of them. The market started expecting some positive news on trade. We have an escalation of the trade war and thats pressure with the usual names the problem is the markets increasingly coming to believe that a trade deal even an 80 trade deal may be unlikely this year thats a big problem it means potentially lower growth in 2020 it means flat to lower Interest Rates. It means flat to lower oil and it continue emphasize on owning the defensive sectors. Those utilities, those Consumer Staples that have been so much a stand out theis year and so expensive. Th ....
Maybe that the cut in Interest Rates come up. I said today he must make it clear that the next fed move is unambiguous. I think wall street wants it to be a rate cut. All that and so much more on making money. Deputy trade talks with china are underway as we speak. Clearing way for higher level discussions on thursday. This amid disarray between the two sides. U. S. Blacklisting 28 more companies and Companies Finding them in vise grip over the negative hong kong protests. Head of white house trade and manufacturing director, Peter Navarro. Peter, wall street sees, we have so much good will building up. China buying soybeans. Paypal makes a big acquisition. Both sides making nice. This morning or overnight were hit with levy of new tariffs or blacklisting in this case on companies over human rights violations. Does thi ....