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Number of posts: 6,862

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DOW 27110

Previous close 27076. 52 wk high 27398. 52 wk low 21712. Today's low 26984. High 27107.

NASDAQ : 8186 ▲

S&P : 3005 ▲

Soybeans : 8.95 ▼

Oil WTI : 59.10 ▼ ( gave up half its gain from yesterday -6% )

DOW 27076

Previous close 27218. 52 wk high 27398. 52 wk low 21712. Today's low 27032. High 27172

NASDAQ : 8153 ▼

S&P : 2997 ▼

Soybeans : 8.99 ▲

Oil WTI : 61.88 ( up 12% )

DOW 27218

Previous close 27182. 52 wk high 27398. 52 wk low 21712. Today's low 27193. High 27227.

NASDAQ : 8176 ▼

S&P : 3007 ▼

Soybeans : 8.89 ▲

Oil WTI : 54.94 ▼

Trump favors 'whole deal' with China, two sides prepare for trade talks

WASHINGTON (Reuters) - President Donald Trump said on Thursday he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact, even as he said an “easy” agreement would not be possible.

“I’d rather get the whole deal done,” Trump told reporters at the White House. “I see a lot of analysts are saying an interim deal, meaning we’ll do pieces of it, the easy ones first. But there’s no easy or hard. There’s a deal or there’s not a deal. But it’s something we would consider, I guess.”

China renewed purchases of U.S. farm goods, which the United States welcomed, and Trump delayed a tariff increase on certain Chinese goods by two weeks in honor, he said, of Chinese President Xi Jinping.

China importers bought at least 10 cargoes, or 600,000 tonnes, of U.S. soybeans for October-December shipment, the country’s most significant purchases since at least June, U.S. traders with direct knowledge of the deals said.

“It is hoped that the U.S. will be true to its words and fulfill its promise to create favorable conditions for cooperation in agricultural areas between the two countries,” the report said.

Lower-level U.S. and Chinese officials are expected to meet next week in Washington before talks between senior trade negotiators in early October.

President Donald Trump said on Thursday he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact.

DOW 27182

Previous close 27134. 52 wk high 27398. 52 wk low 21712. Today's low 27105. High 27306.

NASDAQ : 8194 ▲

S&P : 3009 ▲

Soybeans : 8.75 ▲ ( big up move 2.58% )

Oil WTI : 55.07 ▼

Mens Real Earnings Below 1973 Level: Census Bureau

The median earnings of men working full time year-round in 2018 ticked up to $55,291. Adjusted for inflation, this was below the amount they earned in 1973, according to the annual data trove released by the Census Bureau today. In other words, there has been a “real” income decline for men over the past four-plus decades!

Women have seen a lot of progress in their real earnings, but they started out much lower, and they still haven’t caught up with men – whose earnings are sitting ducks. The median earnings of women working full-time year-round in 2018 ticked up to $45,097, a new record. Since 1973, women’s earnings adjusted for inflation have surged by 40%. The female-to-male earnings ratio hit a record in 2018 of 81.6%, up from 56.6% in 1973:

DOW 27134

Previous close 26909. 52 wk high 27398. 52 wk low 21712. Today's low 26885. High 27135.

NASDAQ : 8169 ▲

S&P : 3000 ▲

Soybeans : 8.53 ▲

Oil WTI : 56.04 ▼

U.S. hits lowest poverty rate since 2001; number of uninsured rises

The proportion of Americans without health insurance grew significantly last year for the first time this decade, according to new federal data that show the number of uninsured rose to 27.5 million in 2018.

The data show a strong economy that pushed the poverty rate to its lowest level since 2001. The median U.S. income — the point at which half of U.S. families earn less than this amount, and half earn more — topped $63,000 for the first time, although that is roughly the same as middle-class income in 1999 after being adjusted for inflation.

The Trump administration cheered the news that the official U.S. poverty rate fell to 11.8 percent in 2018, the lowest since 11.7% in 2001 as a sign the president’s policies are working to boost the economy. Businesses have been hiring minority and low-skilled workers at unusually high rates lately, helping give jobs and opportunities to Americans who struggled for years to get a chance.

DOW 26909

Previous close 26836. 52 wk high 27398. 52 wk low 21712. Today's low 26717. High 26909.

NASDAQ : 8084 ▼

S&P : 2979 ▲

Soybeans : 8.52 ▲

Oil WTI : 57.59 ▼

European officials draft radical plan to take on Trump and U.S. tech companies

European Union officials have drawn up an aggressive 173-page plan to counter both President Donald Trump’s trade moves and American tech giants including Google, Apple, Amazon, Microsoft and Facebook.

While it’s unclear if the proposals will gain traction, the framework amounts to the most forceful acknowledgment yet that Europe is at risk of slipping further behind the U.S. and China in the race to solidify themselves as the global economic powerhouses of the future.

The shadow of Brexit — the United Kingdom is due to leave the European Union on October 31 — also looms over the proposals. As an EU member, the market-oriented U.K. would almost certainly veto any such proposals. Without U.K. influence, the EU is free to pursue the more interventionist economic policies France and Germany have long-favored, with mixed results.


Details: Under the EU's plans, U.S. goods would be tariffed if the Trump administration successfully blocked judges from the World Trade Organization's primary trade arbitration court. The plans also call for increased regulations for social media and "new transparency rules governing online political advertising."
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