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Home / Business / According to Mnuchin, US-China trade is 90% complete: Morning Brief

According to Mnuchin, US-China trade is 90% complete: Morning Brief



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WHAT TO NOTE

Industrials giant FedEx (FDX) and chipmaker Micron (MU) reported quarterly results after the close on Tuesday. On the one hand, FedEx warned that the trade war and the weakness of world trade had a significant impact on their business. On the other hand, Micron surprised investors with unexpectedly strong results.

In the meantime, the US Census Bureau will release its durable goods orders in May before the opening bell. Durable goods orders fell in the last three consecutive months, and economists expect new orders to fall 0.1% again in May, down from 2.1% in April according to Bloomberg. Durable goods without transport are expected to increase by 0.3%.

On the profit side of the company, General Mills (GIS) is expected to release pre-market results, while Rite Aid (RAD) reports market closures.

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TOP NEWS

US Treasury Secretary Steven Mnuchin (left) and Chinese Vice Premier and Leading Trade Negotiator Liu He shake hands, al s before the opening session of the trade negotiations in state guest house Diaoyutai in Beijing on February 14, 2019 (AP photo / Mark Schiefelbein, Pool)

<p class = "Canvas Atomic Canvas Text Mb (1, 0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Mnuchin informs CNBC that the US-China trade agreement is 90% complete : US Treasury Secretary Steven Mnuchin said Wednesday that the US-China trade agreement is "about 90% complete", CNBC "We were about 90% on the way there (with a deal) and I think there is a way to complete this, "said Mnuchin in an interview with the news channel. [Reuters] "data-reactid =" 34 "> Mnuchin informs CNBC that the trade agreement between the US and China is 90% complete : US Treasury Secretary Steven Mnuchin said Wednesday that the trade agreement between The US and China are "off" 90% complete, CNBC reported. "We were about 90% there (with a deal) and I think there is a way to complete that," Mnuchin said in an interview with the news channel. [Reuters]

<p class = "Canvas Atomic Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " The Fed is "Isolated" & # 39; On Short-Term Political Pressure : Federal Reserve Chairman Jerome Powell said on Tuesday afternoon that the Fed was "isolated" from short-term political pressures and warned that major political mistakes were occurring [Yahoo Finance] "data-reactid =" 35 "> Fed is" isolated "against short-term political pressures : The chairman of the Federal Reserve, Jerome Powell, said on Tuesday afternoon that the Fed is "isolated" "Out of short-term political pressure, he warns that big political mistakes can happen if the Fed is influenced by the White House. [Yahoo Finance]

<p class = "Canvas Atomic Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Tesla has had enough Orders To set a delivery record, Musk writes: Tesla Inc. (TSLA) could be on the verge of a quarterly record for vehicle deliveries, though the electric car maker has "spent everything" in recent days Elon Musk, chief executive officer of the Month, wrote in an internal memo: [Bloomberg] "data-reactid =" 36 "> Tesla has enough orders to set a delivery record, writes : Tesla Inc. Www.germnews.com. en / archive / dn / 1996/09 / 22.html (TSLA) could approach a record quarterly delivery of vehicles, even though the electric car maker has to "go all out" in the final days of the month, CEO Elon Musk wrote in an internal memo. [Bloomberg]

<p class = "Canvas Atomic Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Illinois becomes Latest State Legalized Marijuana : Illinois is the eleventh state in the US to legalize marijuana for recreational use after Governor JB Pritzker has signed the May 2016 legislation for marijuana for recreational use, passed January 1, 2020. Which states will now follow? [Yahoo Finance] "data-reactid =" 37 "> Illinois becomes the last state to legalize marijuana Illinois became the 11th state in the US to legalize marijuana for recreational use Tuesday, after Governor JB Pritzker signed the legislative bill passed at the end of May. The legal sale of recreational marijuana starts on January 1, 2020 in Illinois. Which states will follow? [Yahoo Finance]

<p class = "Canvas Atomic Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " A super short text guide The 24 Democrats Proposing for the President : The Americans will finally see a battalion of Democratic presidential candidates facing this week's debates, with ten Democrats led by Elizabeth Warren and Beto O'Rourke debates on NBC, MSNBC and Telemundo today starting at 9:00 pm ET Another 10, including Joe Biden and Kamala Harris, will lock the horns the following night. [Yahoo Finance] "data-reactid =" 38 "> Short Guide to the 24 Democrats Running for the President : The Americans will finally see a battalion of Democratic presidential candidates face this week's debates. Ten Democrats, led by Elizabeth Warren and Beto O'Rourke, will discuss NBC, MSNBC and Telemundo at 9:00 pm ET today. Another 10, including Joe Biden and Kamala Harris, will lock the horns the following night. [Yahoo Finance]

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