Written by Gary
Markets again set to open lower after trade issues weigh on market sentiment, Major global markets are down.
Here is the current market situation from CNN Money | |
 | European markets are mixed. The DAX is higher by 0.51%, while the FTSE 100 is leading the CAC 40 lower. They are down 1.05% and 0.35% respectively. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
 | Foxconn’s Gou to discuss trade war, investment on U.S. tripTerry Gou, the billionaire founder of Apple supplier Foxconn, said on Tuesday he would discuss investment and the China-U.S. trade war while in the United States, adding that he may get to meet U.S. President Donald Trump again. |
| Factbox: Elon Musk’s tweets bring controversy, nearly 30 million followersBritish cave explorer Vernon Unsworth is suing Tesla Chief Executive Elon Musk for defamation over three tweets on July 15, 2018, including one in which Musk allegedly branded him a pedophile, calling him “pedo guy.” |
| Elon Musk goes on trial in U.S. for defamation over ‘pedo guy’ tweetElon Musk is known for his eccentric, sometimes controversial use of Twitter. Now, Tesla Inc’s chief executive may have to pay for using Twitter to brand someone a pedophile. |
| Elon Musk’s jury to be queried on opinions of billionaires, visitors to ThailandPotential jurors in the defamation trial of high-tech entrepreneur Elon Musk may be excused from the case if they voice strong feelings about billionaires or people who visit Thailand. |
| Exclusive: White House considered kicking Huawei out of U.S. banking system – sourcesThe Trump administration considered banning China’s Huawei from the U.S. financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant, according to three people familiar with the matter. |
| France says primed to retaliate with EU over U.S. tariff threat against ParisFrance and the European Union are ready to retaliate if U.S. President Donald Trump acts on a threat to impose duties of up to 100% on $2.4 billion in imports of champagne, handbags and other French products, the French government said on Tuesday. |
| U.S. may increase tariffs after WTO rejects EU claims over AirbusThe World Trade Organization on Monday rejected European Union claims that it no longer provides subsidies to planemaker Airbus , prompting the United States to say it could increase retaliatory tariffs on a wider range of European goods. |
| Bamboo Airways to take delivery of first Boeing Dreamliner this monthVietnamese startup Bamboo Airways said on Tuesday it will take delivery of a Boeing 787-9 Dreamliner this month, its first wide-body aircraft, and aims to start direct flights to the United States by early 2021. |
| European shares attempt recovery as new trade war front opensEuropean shares opened higher on Tuesday, attempting to claw their way back from three days of falls though the mood remained gloomy after U.S. President Donald Trump showed he was ready to open new trade war fronts despite signs of economic damage. |
| Trump Unloads On “Very Nasty” Macron, Insists France “Is Not Doing Well Economically At All”Trump Unloads On “Very Nasty” Macron, Insists France “Is Not Doing Well Economically At All” With his allies up in arms over his latest tariff threats directed at France, President Trump landed in London early Tuesday, accompanied by First Lady Melania Trump, for a two-day summit marking the 70th anniversary of the military alliance’s birth. Trump is notorious for blaming America’s NATO partners for not paying their fair share when it comes to financing the military alliance. Sitting alongside NATO General Secretary Jens Stoltenberg at Winfield House in London, Trump delivered a rambling address that marked the beginning of the summit, bragging about his progress with China, and claiming that the US is doing ‘very well’ when it comes to the still-unsigned ‘Phase One’ trade agreement. |
| Futures Tumble After Trump Says “Better To Wait Until After The Election” For China Trade DealFutures Tumble After Trump Says “Better To Wait Until After The Election” For China Trade Deal On Tuesday morning, President Trump tells reporters in London that his administration is progressing “very well with China right now” in formulating a trade deal. Futures jump on the news then fade it hard. Then moments later, he spills the beans of how there’s actually no trade deal in sight. 03-Dec-2019 05:09:09 AM – TRUMP SAYS WE ARE DOING VERY WELL WITH CHINA RIGHT NOW 03-Dec-2019 05:09:18 AM – TRUMP SAYS CHINA TRADE DEAL IS DEPENDENT ON WHETHER I WANT TO MAKE IT 03-Dec-2019 05:09:47 AM – TRUMP SAYS I HAVE NO DEADLINE ON TRADE Equity futures in Europe and the US slide after Trump says, “better to wait until after the election for the China trade deal. 03-Dec-2019 05:10:00 AM – TRUMP SAYS PROBABLY BETTER TO WAIT UNTIL AFTER THE ELECTION FOR THE CHINA DEAL 03-Dec-2019 05:10:10 AM – TRUMP SAYS WE WILL SEE WHETHER THE CHINA DEAL IS GOING TO BE RIGHT 03-Dec-2019 05:10:23 AM – TRUMP SAYS I HAVE NO DEADLINE ON CHINA DEAL AND IT MIGHT BE BETTER TO WAIT UNTIL AFTER NOVEMBER 2020 ELECTION E mini S&P500, Nasdaq, and Russell 2000 slide on the news that a trade deal could occur after the 2020 election. |
| Britain’s First Transgender Couple to Allow Their 5-Year-Old Child To Begin TransitionBritain’s First Transgender Couple to Allow Their 5-Year-Old Child To Begin Transition Authored by Paul Joseph Watson via Summit News, Britain’s first transgender couple have stoked controversy by revealing that they will allow their 5-year-old child to also begin gender transition. |
| UK Retail Sales Collapse In November By Most On RecordUK Retail Sales Collapse In November By Most On Record Retail sales in Britain crashed by 4.9% YoY (on a like-for-like basis) in November – the biggest drop in the 25-year history of The British Retail Consortium’s reporting… |
| You will get back just Rs 1 lakh if anything happens to your bankYou will get back just Rs 1 lakh if anything happens to your bank. The RBI arm’s revelation assumes gravity with numerous instances of different banks falling victim to fraud. |
| What went wrong with Q2 GDP growthWhat went wrong with Q2 GDP growth. A granular look reveals the disarray: All lead indicators point to a dismal manufacturing growth. |
| Off-and-on infra bane suddenly turns seriousOff-and-on infra bane suddenly turns serious. Maha just joined Andhra in the list of states where political whim is about to set progress back by years. |
| Growth Outlook For 2020Written by Jim Welsh Macro Tides Monthly Report 01 December 2019 Will Economic Growth Meet Expectations in 2020? After the yield curve inverted in May and the ISM Manufacturing Index fell below 50 fears of a recession beginning in 2020 were rampant.
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| Was That Joke Funny Or Offensive? Who’s Telling It Mattersfrom The Conversation — this post authored by Michael Thai, The University of Queensland and Alex Borgella, Fort Lewis College In September, before the start of its 45th season, “Saturday Night Live” brought on some new cast members. The decision to hire one of them, Shane Gillis, was roundly criticized after disparaging jokes he’d made at the expense of Asian and gay people quickly surfaced. A week after announcing Gillis’ hire, the show fired him.
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| Did Trump talk bluster or was he hinting that China talks collapsing? Either way, stock futures slumpPresident Donald Trump on Tuesday made some incendiary comments about the prospect of reaching a deal with China. Whether they reflect the U.S. stance or just Trump’s penchant for trying to negotiate a better outcome, remains to be seen. |
| Next Avenue: A $50 million plan to help Americans save for emergenciesBlackRock’s initiative works with companies like Mastercard, Uber, Etsy and UPS to provide a safety net. |
| Next Avenue: New rules are making it easier to do online willsIt’s getting easier to draft an electronic will at home, without a notary or lawyer. |
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