The White House is also wrestling with France on tariffs
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| | 12/03/2019 | |
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Dow Futures Drubbed by Trump Trade Rhetoric | By Patrick Martin | | After the market kicked off December on a sour note, Dow futures are now staring at an over 200-point drop, pivoting away from earlier gains after President Donald Trump's remarks at a London news conference. Speaking ahead of a NATO meeting, Trump's noted he "like[s] the idea of waiting until after the [2020] election for the China deal," casting doubt that a trade deal with Beijing will be reached ahead of the looming Dec. 15 deadline for tariff hikes. Elsewhere, Trump also took aim at France's new digital services tax, after the White House threatened yesterday it could impose duties of up to 100% on $2.4 billion worth of French imports. Continue reading for more on today's market, including: - Schaeffer's Senior V.P. of Research Todd Salamone explains why IWM call options are a smart way to manage risk right now.
- Breaking down these big Ford options bets.
- Plus, AK Steel bought out by Cleveland-Cliffs; PG&E hit with damning probe; and Facebook has a fan in Piper Jaffray.
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