That’s the gist of what President Trump told a cheering crowd in Florida — China breached its early promises during monthslong negotiations and that’s why they’ll be paying higher tariffs this Friday. The president’s statements come as the country’s chief negotiator Vice Premier Liu He and his team head to Washington for two-day talks, where the outcome is uncertain.
In the interview, Eisman says the center of pain for the next U.S. recession will trigger “massive losses” for high-yield or junk bonds, and those rated triple-BBB corporate bonds — just one step higher from those low-grade bonds. Still, Fed Vice Chair for Supervision Randal Quarles, said on the heels of that report that media hype of leverage-loan risk makes it seem like “the earth must be getting hit by an asteroid.” In other words, nothing to see here.
The market Dow YMM9, -0.71% S&P 500 ESM9, -0.69% and Nasdaq NQM9, -0.89% futures are lower. Wednesday’s action saw stocks slip toward the close, with the Dow clinging to a gain, but the Nasdaq COMP, -0.26% and S&P 500 SPX, -0.16% logged a third-straight loss. Read Market Snapshot for more Uber UBER, +0.00% will price shares for its coming IPO on Thursday, before trading that’s set to begin Friday. Thousands of the ride-sharing app’s drivers went on strike Wednesday, but some say labor actions such as those are becoming a relic of the past.
On Thursday’s earnings calendar we’ve got a few highlights — Duke Energy DUK, -1.64% health care group Cardinal Health CAH, +1.57% and then cloud storage group Dropbox DBX, +0.34% action camera maker GoPro GPRO, +2.26% directory service Yelp YELP, +1.65% and retailer L Brands after the close.