With just a few short hours until Washington unleashes the next round of tariffs, all it took was a tweet from Fox Business to spike futures…
Edward Lawrence tweeted that: “Exclusive: President Trump meeting with Treasury Secretary Steven Mnuchin & US Trade Representative Robert Lighthizer right now. They are talking about the trade talk progress ahead of tariffs being upped on the Chinese.“
Exclusive: President Trump meeting with Treasury Secretary Steven Mnuchin & US Trade Representative Robert Lighthizer right now. They are talking about the trade talk progress ahead of tariffs being upped on the Chinese. #china #trade
— Edward Lawrence (@NewsEdward) May 9, 2019
Not exactly earth-shattering, but enough for Johnny-5 and his algo friends to lift Dow futures 200 poinst…
Additionally, Vice President Mike Pence said Thursday the Trump administration is working “literally hour by hour” to reach a trade agreement with China, as the deadline loomed on a U.S. threat to raise tariffs on Chinese imports.
Larry Kudlow has been oddly quiet – perhaps they are resting him just in case of a bloodbath tomorrow?
via ZeroHedge News http://bit.ly/2HbRqKh Tyler Durden