On Monday U.S. President Donald Trump said he was ready to impose another round of punitive tariffs on Chinese imports if he does not reach a trade deal with China’s president at a Group of 20 summit later this month.
Reuters reports since two days of trade talks last month in Washington ended in a stalemate, Trump has repeatedly said he expected to meet Chinese President Xi Jinping at the June 28-29 summit in Osaka, Japan.“If we don’t make a deal, you’ll see a tariff increase,” Trump told CNBC.
President Donald Trump took a swipe at the Duchess of Sussex after she andhusband Harry participated in a Time 100 video urging Americans to vote. MrTrump said: "I'm not a fan of hers and I would say this, and she probably hasheard that, but I wish a lot of luck to Harry. He's going to need it."
Credit: PA - Press Association STUDIO Duration: 00:35Published
A New York judge on Wednesday ordered President Donald Trump’s son Eric to make himself available by Oct. 7 to be interviewed under oath for a state probe into financing for properties owned by his family’s company. This report produced by Yahaira Jacquez.
Union Health Minister Harsh vardhan spoke at a joint meeting with G20 finance and health ministers. Harsh Vardhan said that flattening of the curve requires collaborative efforts. "Current pandemic highlights the need for global solidarity. Flattening the curve will require collaborative efforts. Need to focus on creating an effective healthcare system. Well developed healthcare system can support containing pandemic. Need to ensure that access to covid diagnosis is fair. India stands together with the world to save lives and protect people’s health," he said. The health minister earlier said that the Covid-19 vaccine will be available in india by early 2021. In India, three indigenous vaccine candidates have reached different trial phases. Harsh Vardhan said, "We have been working to develop a covid vaccine. PM Modi has been monitoring vaccine development personally. Planning underway with expert groups about vaccine distribution. Three indigenous vaccine candidates have reached phase I, II and III. An expert group under PM Modi’s guidance is also looking at this. Hopeful that a vaccine should be available by early next year. We are also in touch with world health organization over the issue. We are among those countries which have isolated the virus.
Credit: HT Digital Content Duration: 04:24Published
On Tuesday, Wells Fargo said stock markets should prepare for volatility to balloon after Election Day. Wells Fargo head of rates strategy Michael Schumacher told CNBC's Trading Nation that options are showing greater volatility. "The big takeaway is three month options vol is still quite high, and it has not really come down." According to Business Insider Schumacher thinks investors will flock to US Treasuries due to greater volatility. The US-10 year yield may fall to 0.40% from around 0.68%.
In 1996, US Federal Reserve chairman Alan Greenspan famously warned of an 'irrational exuberance' in financial markets. Now, Business Insider reports Greenspan has spoken about his sense of economic foreboding once more. Greenspan told CNBC on Thursday that inflation, the coronavirus, and budget deficits are the critical issues the US is facing right now.
According to a Piper Sandler senior technical research analyst the S&P 500 will continue to gain following its record high on Tuesday. The S&P 500 was up 0.2% to 3,396.5 in Wednesday morning trading. It has gained 4.92% year-to-date through Tuesday's close. The analyst, Craig Johnson told CNBC that charts of lumber, oil, and industrial metals show that the economy is improving.
A prominent Wall Street strategist told CNBC the stock market may see a "wartime boom" next year following the US economy's "depression-like collapse." Jim Paulsen is one of a hand full of economists who have predicted US GDP could rebound strongly in the first quarter next year. Paulson said companies have cut down on costs and increase efficiencies to survive the collapse. "A lot of that boom will fall to the bottom line in a bigger way than people currently expect," Paulsen said.
CNBC reports that gold prices could reach $4,000, the CEO of US Global Investors told CNBC Monday. Frank Holmes said: "It's quite easy to see gold going to $4,000." CEO of US Global Investors. Holmes believes rising monetary stimulus is the main reason gold prices can soar to that level. Business Insider reports that Gold broke $2,000 the first time last week, on expectations of a US stimulus bill.
National Economic Council chairman Larry Kudlow says President Trump's decision to allow new sales to China's Huawei does not mean he's 'backing off' the telecommunications giant as a national security..