Yahoo Finance Morning Brief: U.S. and China near trade deal
Monday, March 4, 2019
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WHAT TO WATCH
Over the weekend, President Trump renewed his attacks on the Federal Reserve, blaming its monetary policy tightening for strength in the dollar. This is not new behavior. Nevertheless, it’ll be interesting to see if markets respond.
Monday comes with the December construction spending report before the opening bell and Salesforce’s (CRM) quarterly earnings after the closing bell.
TOP NEWS
U.S. and China near deal that may end most U.S. tariffs: The U.S. and China are close to a trade deal that could lift most or all U.S. tariffs as long as Beijing follows through on pledges ranging from better protecting intellectual-property rights to buying a significant amount of American products, two people familiar with the discussions said. [Bloomberg]
Tesla to unveil Model Y: Tesla Inc (TSLA) will unveil its Model Y on March 14 at an event in LA Design Studio, Chief Executive Elon Musk said on Sunday. "Model Y, being an SUV, is about 10 percent bigger than Model 3, so will cost about 10 percent more & have slightly less range for same battery," Musk said in a tweet
AT&T plans to revamp CNN’s digital arm: As AT&T Inc. (T) shuffles the executive ranks within its newly acquired WarnerMedia entertainment empire, CNN is in for a different kind of makeover. [The Wall Street Journal]
Huawei reportedly preparing to sue U.S. government: China's Huawei is preparing to file a lawsuit in the Eastern District of Texas to sue the United States government for banning federal agencies from using the company's products, the New York Times reported on Monday. [Reuters]
Amazon won’t obliterate the grocery store industry: Amazon’s penchant to slash prices and stick it to its retail rivals will wreak havoc on the primary grocery store chains in America such as Kroger and Walmart. Or so says a stock market that has been trained to price in a slow death by Amazon (AMZN) at the mere whisper of the digital beast entering a particular segment. But that snap judgement by the market is getting absurd. [Yahoo Finance]
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