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Home / US / Stock futures fall after Trump says he's ready to pay 500 billion dollars in tariffs for China

Stock futures fall after Trump says he's ready to pay 500 billion dollars in tariffs for China



U.S. Stock index futures fell after President Donald Trump said he was ready to send any Chinese commodity to the US as needed.

The Dow Jones Industrial Average futures fell short by more than 100 points 70 percent lower

"We play with the bank's money," Trump told CNBC. "That's the time."

The S & P 500 has risen 31 percent since the trump's earnings in 2016 through Thursday. The market's profit has slowed this year as the Trump administration has introduced new tariffs for countries where the S & P 500 will rise 4.9 percent by 2018 through Thursday. Tariffs have raised concerns in the market about a possible slowdown in global economic growth.

The Trump government has already dumped $ 34 billion worth of tariffs from China, to which the Chinese have responded with their own indictments. Trump had previously threatened to levy charges on goods worth $ 200 billion.

The earnings season continued on Friday, with General Electric reporting a slightly better than expected second-quarter earnings. The company also reaffirmed its financial outlook for the year and sent its shares up more than 1 percent.

Baker Hughes shares fell nearly 5 percent as earnings per share and sales in the previous quarter were below Wall Street estimates. Microsoft rose after a strong sales forecast by 3.6 percent.

So far, around 16.4 percent of S & P 500 companies have released their latest quarterly results, with 83 percent outperforming analysts' expectations, FactSet said. Wall Street has high expectations for this reporting season, with analysts expecting 20 percent earnings growth, FactSet said.

On Wednesday, US equities closed due to US Federal Reserve criticism of the Federal Reserve. Trump said in the clip of the interview CNBC Thursday that he was not happy about rising interest rates.

In the same interview, Trump said that if his business with Russian President Vladimir Putin does not work, Trump will be "The worst enemy he ever had." The White House has sent an invitation to the Kremlin for a visit to Washington DC this fall.

Elsewhere, China reportedly gives more liquidity to the financial system and facilitates lending to small and medium-sized businesses that want to protect their economies from the trade war with the United States.

There are no important dates on Friday. Market participants will therefore focus mainly on profits, with General Electric reporting back to the bell.


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