The US-China trade deal is reportedly 90% complete. However, it’s the remaining 10% that’s turning out to be difficult.
President Trump’s advisers want him to focus on strengthening the economy, even if he has to ease up a little on his trade war rhetoric.
Today, Caixin/Markit released China’s July manufacturing purchasing managers’ index data. China’s manufacturing PMI was 49.9.
Deutsche Bank downgraded Dollar Tree stock to a “hold” from a “buy” yesterday. It believes the newly announced tariffs will negatively affect the retailer.
Tesla CEO Elon Musk has mocked gasoline cars once again. Tesla stock is underperforming legacy automakers this year.
Charlotte's Web Holdings stock (CWBHF)(CWEB) was down 6.6% yesterday after the company reported lower-than-expected Q2 earning results.
Procter & Gamble stock benefits from its strong organic sales. On average, the company’s organic sales have increased by 5% in the last four quarters.
Kurt Zumwalt, Amazon's treasurer, left the company. He has been instrumental in managing Amazon's liquidity and helping it grow through acquisitions.
President Trump has given mixed signals about his level of optimism regarding the trade deal between the US and China. Tariffs could impact the trade deal.