President Trump hinted a potential trade agreement between the United States and China “is done” Tuesday; saying a possible deal has been struck and is now in the process of “being translated.”
“The deal is done. It’s just being translated right now,” Trump told reporters in Florida.
President Trump on China deal: "The deal is done. It's just being translated right now." pic.twitter.com/Io5860Mw5b
— The Hill (@thehill) December 24, 2019
Watch the President’s comments above.
BUCKLE UP! Bernie Sanders RIPS Joe Biden’s Policy Towards China Trade, Manufacturing Jobs
Vermont Senator Bernie Sanders directly attacked his top competitor for the Democratic nomination Thursday; saying Joe Biden’s policy towards China and manufacturing jobs is just “wrong.”
“Since the China trade deal I voted against, America has lost over 3 million manufacturing jobs. It’s wrong to pretend that China isn’t one of our major economic competitors. When we are in the White House we will win that competition by fixing our trade policies,” posted Sanders on social media.
Since the China trade deal I voted against, America has lost over 3 million manufacturing jobs.
It’s wrong to pretend that China isn’t one of our major economic competitors.
When we are in the White House we will win that competition by fixing our trade policies.
— Bernie Sanders (@BernieSanders) May 2, 2019
Sanders’ comment is referring to Biden’s statement at a stump speech in Iowa this week, saying “China is going to eat our lunch? Come on, man.”
Dow Jones Hits Record High, Jumps 100+ After US-China Trade Talks
The Dow Jones Industrial Average reached its record high Monday morning; rising more than 100 points as US-China trade negotiations move forward.
“The Dow Jones Industrial Average reached a milestone on Monday as investor sentiment was lifted by optimism around a potential U.S.-China trade deal,” reports CNBC. “The 30-stock index rose 128 points, or 0.5% to hit its first all-time high since mid-July. Goldman Sachs contributed the most to the gains, rising 1.1%. Trade bellwethers Boeing and Caterpillar also traded higher.”
“Stock Market hits RECORD HIGH. Spend your money well!” posted the President on social media.
Stock Market hits RECORD HIGH. Spend your money well!
— Donald J. Trump (@realDonaldTrump) November 4, 2019
This is a developing story. Check back for updates throughout the day.
Original Story: November 1, 2019
The American stock market surged Friday after an October jobs report posted better-than-expected private payroll growth; sending the Dow Jones average up 250-points and the S&P 500 setting a new record.
“The Dow Jones Industrial Average traded 250 points higher, or 0.9%. The S&P 500 gained 0.8% to a fresh record high. The Nasdaq Composite also hit an all-time high, climbing 0.9%,” reports CNBC.
“The October jobs report was very strong,” said Gus Faucher, chief economist at PNC. “Job growth slowed a bit because of the GM strike, but with the strike over it should bounce back in November.”
“Stock Market up BIG! Record highs for S&P 500 and NASDAQ. Enjoy!” posted the President on social media.
Stock Market up BIG! Record highs for S&P 500 and NASDAQ. Enjoy!
— Donald J. Trump (@realDonaldTrump) November 1, 2019
October job creation topped analyst’s expectations this week; with the US economy adding more than 128,000 positions despite the ongoing worker strike at General Motors.
“Nonfarm payrolls rose by 128,000 in October as the U.S. economy overcame the weight of the GM autoworkers’ strike and created jobs at a pace well above expectations,” reports CNBC.
“Even with a decline of 42,000 in the motor vehicles and parts industry, the pace of new jobs well exceeded the estimate of 75,000 from economists surveyed by Dow Jones. The loss of jobs came due to the General Motors strike that has since been settled. That 42,000 job loss itself was less than the 50,000 or more that many economists had been anticipating,” adds the website.
“This report is yet another sign that the economy is still strong right now and adds to a list of indicators that are looking optimistic of late,” said Steve Rick, chief economist at CUNA Mutual Group. “The vigor of this labor market, along with a more positive housing market and solid Q3 GDP, should offer some welcome reassurance.”
The unemployment rate remains steady at 3.6%.
Read the full report at CNBC.