Stocks tumbled Friday after President Donald Trump gave the greenlight on the imposition of about $50 billion worth of tariffs on imports from China. The Trump administration has so far justified the newest round of tariffs on the basis of intellectual property theft perpetrated by China.
To think a trade war is nothing but a far off threat to U.S. markets is the dumbest thing on Wall Street this week. As one of my sources told me, we're not starting a trade war. We've been in a trade war for 20 years. Now we're moving from diplomacy to hand-to-hand combat. Salvos are being thrown, and U.S. investors better look out below.
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Clorox may be a 104-year old consumer products company, but it moves fast and with purpose. CEO Benno Dorer explains to TheStreet how the company continues to innovate and why workplace diversity is so important.
The Fed will release the minutes from its last meeting on Wednesday, Aug 1st at 2p -- and much like reading your teenager's journal -- you will find some juicy nuggets on inflation and interest rates so they are worth dissecting. So watch our video for more!
The quarterly Gross Domestic Product tells us how fast or slow the economy is moving. It just doesn't tell us if its moving in the right direction. And we got a great number today. But in case you need to better understand why, watch out video now to find out!
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