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Pres. Trump: Tariffs that are set to go in place on Sunday against China are still on

Pres Trump says tariffs will go on as planned on Sunday.

Pres Trump says tariffs will go on as planned on Sunday.
Before departing the White House for the weekend told reporters,
  • He can’t say whether he will speak to Xi, but US is speaking to China
  • Tariffs set to go in place on Sunday against China are still on
  • “We are going to win the fight” with China
  • Trade meeting with China in September is still on, it has not been canceled
  • US is in incredible negotiating position with China because of tariffs it has placed on Chinese imports
  • He sees a connection between situation in Hong Kong and China trade talks
  • Chinese response in Hong Kong will be much more violent if were not for the trade talks
  • Repeats China wants to make a trade deal
On other topics:
  • Too soon to call for evacuation Florida.  Determination will likely be made on Sunday
  • Asked if he would like to see negative interest rates in the United States, says no.

The squeeze remains on.

Overnight US Indices closed Mixed.

Today is a mixed day for stocks.

According to FirstSquawk, the S&P has the highest percentage weekly gain since early June, but the largest percentage monthly loss since May.
The Dr. Jekyll and Mr. Hyde of the US stock market.
For the day, the major indices were –  what else – mixed. The closes are showing:
  • The S&P index rose 1.88 points or 0.06% at 2926.46
  • The NASDAQ index fell -10.511 points or -0.13% at 7962.88
  • The Dow industrial average rose 41.03 points or 0.16% at 26403.28.
For the week, the gains were solid:
  • The S&P index rose 2.79%
  • The NASDAQ index rose 2.72%
  • The Dow industrial average rose 3.02%
For the month, the numbers are not so great:
  • S&P index fell -1.81%
  • NASDAQ index fell -2.60%
  • Dow industrial average fell -1.62%

Finally, might as well take a snapshot of the year to date:

  • S&P index +16.74%
  • NASDAQ index +20.01%
  • Dow industrial average +13.19%
So how are your doing?
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