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The pound dropped as British politicians failed to make progress on Brexit talks

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OPENING VIEW     5/17/2019
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Stock Futures Sink on Trade, Brexit Tensions By Patrick Martin Share On Dow Jones Industrial Average (DJI) futures are struggling this morning, more than 200 points below fair value as trade tensions with China flare up once more. According to state-run news agency Xinhua, Chinese Commerce Ministry spokesman Gao Feng accused the U.S. of "bullying behavior," and expressed reluctance to resume trade talks. Chinese officials also called out President Donald Trump for his executive order targeting Huawei. Elsewhere, Brexit uncertainty is also weighing on global markets, after talks between Britain's Labour and Conservative parties failed to produce any progress toward an orderly exit agreement.  Continue reading for more on today's market, including:  AMD stock eyes its next big bounce.  Dillard's took a tumble after earnings. Plus, Under Armour upgraded; more trouble for Tesla; and Applied Materials scores a big earnings beat. >> Continue reading...
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