Trump predicts ‘fast’ trade deal with China but provides no evidence

U.S. President Donald Trump on Thursday predicted a swift end to the ongoing trade war with China, although no high-level talks have been scheduled between the two countries since the last round of negotiations ended in Washington two weeks ago. Trump also said he will meet with China’s President Xi Jinping when they attend the G-20 meeting next month in Japan. After Trump imposed tariffs on Chinese goods last year, China curbed purchases of U.S. soy, leaving farmers sitting on a stockpile of th


U.S. President Donald Trump on Thursday predicted a swift end to the ongoing trade war with China, although no high-level talks have been scheduled between the two countries since the last round of negotiations ended in Washington two weeks ago. Trump also said he will meet with China’s President Xi Jinping when they attend the G-20 meeting next month in Japan. After Trump imposed tariffs on Chinese goods last year, China curbed purchases of U.S. soy, leaving farmers sitting on a stockpile of th
Trump predicts ‘fast’ trade deal with China but provides no evidence Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24
Keywords: news, cnbc, companies, predicts, evidence, trump, deal, china, war, talks, remarks, tariffs, president, trade, fast, provides, washington, white


Trump predicts 'fast' trade deal with China but provides no evidence

President Donald Trump speaks about the investigations by Special Counsel Robert Mueller and the U.S. Congress into himself and his administration in the Rose Garden at the White House in Washington, U.S., May 22, 2019.

U.S. President Donald Trump on Thursday predicted a swift end to the ongoing trade war with China, although no high-level talks have been scheduled between the two countries since the last round of negotiations ended in Washington two weeks ago.

“It’s happening, it’s happening fast and I think things probably are going to happen with China fast because I cannot imagine that they can be thrilled with thousands of companies leaving their shores for other places,” Trump said during remarks at the White House, providing no evidence of such an exodus.

Trump also said he will meet with China’s President Xi Jinping when they attend the G-20 meeting next month in Japan.

Both countries have blamed each other for the breakdown in talks, which were intended to end trade tensions between the world’s two largest economies marked by tit-for-tat tariffs.

Trump made the remarks during a free-wheeling news conference after touting a plan rolled out by his administration to provide the country’s farmers with an aid package to combat the effects of the trade war, which have hit them particularly hard.

After Trump imposed tariffs on Chinese goods last year, China curbed purchases of U.S. soy, leaving farmers sitting on a stockpile of the commodity. China has also retaliated with tariffs on U.S. corn, pork and other products.

“The $16 billion in funds will help keep our cherished farms thriving and make clear that no country has veto on America’s economic and national security,” Trump said.


Company: cnbc, Activity: cnbc, Date: 2019-05-24
Keywords: news, cnbc, companies, predicts, evidence, trump, deal, china, war, talks, remarks, tariffs, president, trade, fast, provides, washington, white


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Oil dips 11 cents, settling at $62.99, as US-China trade war offsets Middle East tension

Oil futures were little changed on Tuesday, supported by U.S.-Iran tensions and expectations of ongoing OPEC supply cuts but under pressure from concerns about a drawn-out trade war between Washington and Beijing. “The two powerful countervailing forces in the market right now are the Iran tensions versus the deteriorating U.S.-China trade war situation,” said John Kilduff, a partner at Again Capital in New York. The trade war “really hits the Asian economies and the demand outlook, and this sit


Oil futures were little changed on Tuesday, supported by U.S.-Iran tensions and expectations of ongoing OPEC supply cuts but under pressure from concerns about a drawn-out trade war between Washington and Beijing. “The two powerful countervailing forces in the market right now are the Iran tensions versus the deteriorating U.S.-China trade war situation,” said John Kilduff, a partner at Again Capital in New York. The trade war “really hits the Asian economies and the demand outlook, and this sit
Oil dips 11 cents, settling at $62.99, as US-China trade war offsets Middle East tension Cached Page below :
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Oil dips 11 cents, settling at $62.99, as US-China trade war offsets Middle East tension

A truck used to carry sand for fracking is washed in a truck stop in Odessa, Texas.

Oil futures were little changed on Tuesday, supported by U.S.-Iran tensions and expectations of ongoing OPEC supply cuts but under pressure from concerns about a drawn-out trade war between Washington and Beijing.

“The two powerful countervailing forces in the market right now are the Iran tensions versus the deteriorating U.S.-China trade war situation,” said John Kilduff, a partner at Again Capital in New York.

The trade war “really hits the Asian economies and the demand outlook, and this situation with Iran has the market on tenterhooks at the same time,” Kilduff said.

Brent crude futures, the international benchmark for oil prices, rose 6 cents to $72.03 per barrel around 2:35 p.m. ET (1835 GMT). U.S. West Texas Intermediate crude futures settled 11 cents lower at $62.99 per barrel.

The prolonged tariff fight between the United States and China raised concerns about a global economic slowdown and dampened market sentiment.

Signs that Asian economies were already getting hit by the trade conflict helped to boost the U.S. dollar, making crude more expensive.

On Monday, U.S. President Donald Trump threatened Iran with “great force” if it attacked U.S. interests in the Middle East. Washington suspects that militia with ties to Iran organized a rocket attack in Iraq’s capital Baghdad.

On Tuesday, Iran said it would resist U.S. pressure, declining further talks under current circumstances.

Iraq’s oil minister said growing tension in the Middle East poses a challenge to the stability of global crude oil markets and said OPEC must pave the way for a “new agreement” to help stability and support prices. He did not elaborate.

Tensions have mounted during an already tight market as the OPEC, Russia and other producers have with held supply to support prices. Saudi Arabia has signaled its willingness to continue curbing output until the end of the year.


Company: cnbc, Activity: cnbc, Date: 2019-05-21
Keywords: news, cnbc, companies, washington, settling, prices, iran, oil, uschina, trade, dips, futures, tension, crude, east, offsets, opec, middle, market, war


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Chinese ambassador on trade talks: The US ‘changes its mind so often’

Chinese Ambassador to the United States Cui Tiankai speaks at a reception celebrating the 90th anniversary of the founding of the Chinese People’s Liberation Army (PLA) at the Chinese embassy in Washington D.C., the United States, on July 27, 2017. Cui Tiankai, the Chinese ambassador to the United States, said on Tuesday that U.S. negotiators have “often” backed out on partial trade deals at the last minute. “If we review the process of trade talks between us over the last year or so, it is quit


Chinese Ambassador to the United States Cui Tiankai speaks at a reception celebrating the 90th anniversary of the founding of the Chinese People’s Liberation Army (PLA) at the Chinese embassy in Washington D.C., the United States, on July 27, 2017. Cui Tiankai, the Chinese ambassador to the United States, said on Tuesday that U.S. negotiators have “often” backed out on partial trade deals at the last minute. “If we review the process of trade talks between us over the last year or so, it is quit
Chinese ambassador on trade talks: The US ‘changes its mind so often’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: michael sheetz
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Chinese ambassador on trade talks: The US 'changes its mind so often'

Chinese Ambassador to the United States Cui Tiankai speaks at a reception celebrating the 90th anniversary of the founding of the Chinese People’s Liberation Army (PLA) at the Chinese embassy in Washington D.C., the United States, on July 27, 2017.

Cui Tiankai, the Chinese ambassador to the United States, said on Tuesday that U.S. negotiators have “often” backed out on partial trade deals at the last minute.

“If we review the process of trade talks between us over the last year or so, it is quite clear it is the U.S. side that, more than once, changed its mind overnight, and broke the tentative deal already reached,” Cui told Fox News.

“It is the U.S. side who changes its mind so often,” Cui added.


Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: michael sheetz
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Trump says if Fed cuts interest rates, US will win trade war: ‘It would be game over, we win!’

President Donald Trump predicted Tuesday that China’s next move in the trade war will be a rate cut, and he pushed the Federal Reserve to follow suit in what he said would lead to a clear victory for the U.S. He said that should the central bank meet a China rate cut with one of its own, that would be “game over, we win!” The White House and Beijing have hit an impasse in their ongoing trade negotiations. Washington is looking for a lowering of barriers into China and for the nation to halt the


President Donald Trump predicted Tuesday that China’s next move in the trade war will be a rate cut, and he pushed the Federal Reserve to follow suit in what he said would lead to a clear victory for the U.S. He said that should the central bank meet a China rate cut with one of its own, that would be “game over, we win!” The White House and Beijing have hit an impasse in their ongoing trade negotiations. Washington is looking for a lowering of barriers into China and for the nation to halt the
Trump says if Fed cuts interest rates, US will win trade war: ‘It would be game over, we win!’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: jeff cox
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Trump says if Fed cuts interest rates, US will win trade war: 'It would be game over, we win!'

President Donald Trump predicted Tuesday that China’s next move in the trade war will be a rate cut, and he pushed the Federal Reserve to follow suit in what he said would lead to a clear victory for the U.S.

In a tweet that amounted to the latest salvo in the tariff dispute between the two nations, the president ramped up his pressure on the Fed to ease monetary policy.

He said that should the central bank meet a China rate cut with one of its own, that would be “game over, we win!”

The White House and Beijing have hit an impasse in their ongoing trade negotiations. Washington is looking for a lowering of barriers into China and for the nation to halt the theft of intellectual property. As recent talks stalled, China retaliated against Trump’s latest round of tariffs, announcing plans Monday to slap new levies on $60 billion worth of American goods.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: jeff cox
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Stocks need to drop at least 10% before Trump changes harsh trade tone: Raymond James

Stocks are going to have to fall a lot more before President Donald Trump eases off his tough rhetoric on U.S.-China trade, said Ed Mills, Washington policy analyst at Raymond James. Trade tensions between China and the U.S. reemerged last week after Trump hiked tariffs on $200 billion worth of Chinese imports. The president also raised the possibility of slapping tariffs on an additional $325 billion worth of Chinese products. Trump’s move led China to retaliate by announcing higher tariffs on


Stocks are going to have to fall a lot more before President Donald Trump eases off his tough rhetoric on U.S.-China trade, said Ed Mills, Washington policy analyst at Raymond James. Trade tensions between China and the U.S. reemerged last week after Trump hiked tariffs on $200 billion worth of Chinese imports. The president also raised the possibility of slapping tariffs on an additional $325 billion worth of Chinese products. Trump’s move led China to retaliate by announcing higher tariffs on
Stocks need to drop at least 10% before Trump changes harsh trade tone: Raymond James Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: fred imbert
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Stocks need to drop at least 10% before Trump changes harsh trade tone: Raymond James

President Donald Trump speaks at an event honoring the Wounded Warrior Project Soldier Ride in the East Room of the White House in Washington, DC on April 18, 2019.

Stocks are going to have to fall a lot more before President Donald Trump eases off his tough rhetoric on U.S.-China trade, said Ed Mills, Washington policy analyst at Raymond James.

Mills wrote in a note to clients Tuesday that equities would have to experience a correction of at least 10% “before Trump starts talking up the prospects of a G20-timed deal.” Trump and his Chinese counterpart, Xi Jinping, are expected to meet at next month’s G-20 summit.

“In the meantime, we expect threats of escalation by both sides in an effort to build negotiating leverage ahead of the G20 meetings,” Mills said. “While there is some hope for continued talks, longer-term expectations are being downgraded on the ability to strike a meaningful deal unless political calculations see a significant directional change over the next couple months.”

Trade tensions between China and the U.S. reemerged last week after Trump hiked tariffs on $200 billion worth of Chinese imports. The president also raised the possibility of slapping tariffs on an additional $325 billion worth of Chinese products.

Stocks have fallen sharply since Trump first threatened to raise levies on Chinese goods on May 5. The S&P 500 and Dow Jones Industrial Average are both down more than 4% in that time period while the Nasdaq Composite has shed 6.3%.

Trump’s move led China to retaliate by announcing higher tariffs on $60 billion worth of U.S. products on Monday. Those tariffs, China said, will take effect on June 1. That announcement sent the Dow and S&P 500 to their worst daily performance since Jan. 3, while the Nasdaq logged in its biggest one-day loss since December.

Trump doubled down on his tough stance on Tuesday. In a series of tweets, he said the U.S. is “in a much better position now than any deal we could have made,” adding that “billions of dollars” are coming back to the U.S., “where they belong.”

“We are likely to see a renewed period of volatility spurred by negative headlines and market reactions after the latest rounds of tariff escalation by the U.S. and China,” Mills says.

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Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: fred imbert
Keywords: news, cnbc, companies, worth, changes, billion, trump, need, james, drop, mills, deal, trade, china, raymond, president, tariffs, harsh, chinese, tone, washington, stocks


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Facebook raises minimum hourly wage to $20 for contractors in costliest markets like San Francisco and New York

The company said it will now pay $20 per hour for contractors in the San Francisco area, New York and Washington, D.C., and $18 an hour in Seattle. Facebook can use the public relations boost after an expose by The Verge earlier this year showed the harsh working conditions of Facebook content moderators in Phoenix. As part of Monday’s announcement, Facebook said it will add more support for people tasked with reviewing content. Facebook will also allow moderators to blur graphic images before r


The company said it will now pay $20 per hour for contractors in the San Francisco area, New York and Washington, D.C., and $18 an hour in Seattle. Facebook can use the public relations boost after an expose by The Verge earlier this year showed the harsh working conditions of Facebook content moderators in Phoenix. As part of Monday’s announcement, Facebook said it will add more support for people tasked with reviewing content. Facebook will also allow moderators to blur graphic images before r
Facebook raises minimum hourly wage to $20 for contractors in costliest markets like San Francisco and New York Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-13  Authors: salvador rodriguez
Keywords: news, cnbc, companies, minimum, raises, markets, francisco, york, company, wage, washington, reviewing, hourly, facebook, 15, workers, content, costliest, san, hour


Facebook raises minimum hourly wage to $20 for contractors in costliest markets like San Francisco and New York

Facebook said it’s raising the minimum wage it pays to thousands of contract workers around the U.S., acknowledging that the current $15 hourly minimum, which has been in place since 2015, is insufficient given the rising costs of housing in many markets.

“It’s become clear that $15 per hour doesn’t meet the cost of living in some of the places where we operate,” Facebook said in a blog post on Monday.

The company said it will now pay $20 per hour for contractors in the San Francisco area, New York and Washington, D.C., and $18 an hour in Seattle. The announcement could serve to position Facebook favorably in relation to Amazon, which said last year that it was implementing a $15 hourly minimum, and Google, which said in April that its non-employee workforce is entitled to at least $15 an hour.

Facebook can use the public relations boost after an expose by The Verge earlier this year showed the harsh working conditions of Facebook content moderators in Phoenix. Workers there said they suffered from post-traumatic stress disorder, could be easily fired and made as little as $28,800 per year.

As part of Monday’s announcement, Facebook said it will add more support for people tasked with reviewing content. Those workers, who review whether a piece of content is in compliance with Facebook’s community policies, will make a minimum of $18 per hour across the country and up to $22 in the Bay Area, New York and Washington, D.C. These changes will be implemented by mid 2020, the company said.

Facebook will also allow moderators to blur graphic images before reviewing them, and the company is providing access to on-site counseling at all times.

WATCH: Here’s how to see which apps have access to your Facebook data — and cut them off


Company: cnbc, Activity: cnbc, Date: 2019-05-13  Authors: salvador rodriguez
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Yen firms at 6-week high before China-US trade talks

The Japanese yen rallied to a six-week high against the dollar on Wednesday as growing concerns about the trade dispute between China and the United States prompted investors to take shelter in perceived safe-haven assets. Data out earlier showed China’s trade surplus with the United States, a major irritant for Washington, expanded to $21.01 billion in April from a month ago, a factor that might provoke a hardening stance from U.S. officials. The New Zealand dollar was the other notable loser o


The Japanese yen rallied to a six-week high against the dollar on Wednesday as growing concerns about the trade dispute between China and the United States prompted investors to take shelter in perceived safe-haven assets. Data out earlier showed China’s trade surplus with the United States, a major irritant for Washington, expanded to $21.01 billion in April from a month ago, a factor that might provoke a hardening stance from U.S. officials. The New Zealand dollar was the other notable loser o
Yen firms at 6-week high before China-US trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-08
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Yen firms at 6-week high before China-US trade talks

The Japanese yen rallied to a six-week high against the dollar on Wednesday as growing concerns about the trade dispute between China and the United States prompted investors to take shelter in perceived safe-haven assets.

Data out earlier showed China’s trade surplus with the United States, a major irritant for Washington, expanded to $21.01 billion in April from a month ago, a factor that might provoke a hardening stance from U.S. officials.

“The threat of further escalation in the tariff war becomes real again and at the moment, it is just impossible to assign any probability to any scenario, positive or negative,” Societe Generale strategists said in a daily note.

Focus is on trade talks on Thursday and Friday in Washington, where Chinese Vice Premier Liu will try to salvage a deal that would avoid a sharp increase in tariffs on Chinese goods scheduled to take effect on Friday.

The prospects of an escalation rather than a resolution of the spat between the U.S. and China has seen the yen gain in recent days, with the currency up 0.22 percent against the dollar at 110.0 yen, taking its gains to more than 1 percent so far this month.

The New Zealand dollar was the other notable loser overnight after the central bank cut benchmark cash rates to 1.5 percent from 1.75 percent.

The kiwi was last off 0.1 percent, recovering somewhat after falling to $0.6525 in the immediate aftermath of the rate cut, its lowest since last November.

Elsewhere, the euro was up 0.13 percent at $1.1204, but holding within recent ranges as currency traders were still undecided on the inflationary outlook for the euro zone economy and the latest developments on the trade war front.

“The European Central Bank is likely to keep a close eye on the renewed escalation of the trade war as the real economic consequences could be considerable, affecting its monetary policy,” Commerzbank strategists said.

The pound fell for a third day, edging down 0.43 percent to $1.3018.


Company: cnbc, Activity: cnbc, Date: 2019-05-08
Keywords: news, cnbc, companies, trade, dollar, firms, high, strategists, escalation, chinaus, washington, recent, united, 6week, war, yen, states, talks


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Here are the biggest analyst calls of the day: Boeing, Beyond Meat, Lululemon, Roku & more

Dennis Muilenburg, CEO of Boeing Inc. speaking at the Business Roundtable CEO Innovation Summit in Washington D.C. on Dec. 6th, 2018. Here are the biggest calls on Wall Street on Tuesday:Barclays downgraded Boeing to ‘equal weight’ from ‘overweight’Barclays said it believes that fliers will avoid the Boeing 737 Max when it’s back in service. “We expect the recovery of 737 MAX production to take longer than expected and our 2019-21 EPS & FCF forecasts are below consensus as a result. Our view is


Dennis Muilenburg, CEO of Boeing Inc. speaking at the Business Roundtable CEO Innovation Summit in Washington D.C. on Dec. 6th, 2018. Here are the biggest calls on Wall Street on Tuesday:Barclays downgraded Boeing to ‘equal weight’ from ‘overweight’Barclays said it believes that fliers will avoid the Boeing 737 Max when it’s back in service. “We expect the recovery of 737 MAX production to take longer than expected and our 2019-21 EPS & FCF forecasts are below consensus as a result. Our view is
Here are the biggest analyst calls of the day: Boeing, Beyond Meat, Lululemon, Roku & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: michael bloom
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Here are the biggest analyst calls of the day: Boeing, Beyond Meat, Lululemon, Roku & more

Dennis Muilenburg, CEO of Boeing Inc. speaking at the Business Roundtable CEO Innovation Summit in Washington D.C. on Dec. 6th, 2018.

Here are the biggest calls on Wall Street on Tuesday:

Barclays downgraded Boeing to ‘equal weight’ from ‘overweight’

Barclays said it believes that fliers will avoid the Boeing 737 Max when it’s back in service.

“We expect the recovery of 737 MAX production to take longer than expected and our 2019-21 EPS & FCF forecasts are below consensus as a result. Our view is informed by our survey that indicates a large portion of fliers are likely to avoid 737 MAX for an extended period beyond when the grounding is lifted.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: michael bloom
Keywords: news, cnbc, companies, roku, boeing, ceo, view, max, 737, washington, fliers, lululemon, biggest, calls, wall, weight, day, meat, avoid, analyst


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Trump’s tariffs on China are a ‘harbinger’ for Europe, here’s why

The latest U.S. tariffs on China could be a sign of what’s to come for Europe, analysts have told CNBC. President Donald Trump announced Sunday that the current tariffs of 10% on $200 billion of Chinese goods will increase to 25% on Friday. His decision sparked a sell-off in global equity markets and created further jitters in Europe whose exports could also face similar U.S. tariffs. President Trump threatened in early 2018 to impose duties of 20% on European cars. “On the one hand, this (tarif


The latest U.S. tariffs on China could be a sign of what’s to come for Europe, analysts have told CNBC. President Donald Trump announced Sunday that the current tariffs of 10% on $200 billion of Chinese goods will increase to 25% on Friday. His decision sparked a sell-off in global equity markets and created further jitters in Europe whose exports could also face similar U.S. tariffs. President Trump threatened in early 2018 to impose duties of 20% on European cars. “On the one hand, this (tarif
Trump’s tariffs on China are a ‘harbinger’ for Europe, here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: silvia amaro
Keywords: news, cnbc, companies, trumps, told, china, threatened, harbinger, european, trump, europe, 25, heres, washington, tariffs, trade, president


Trump's tariffs on China are a 'harbinger' for Europe, here's why

WASHINGTON, DC – JULY 25: (AFP OUT) U.S. President Donald Trump (R) meets with President of the European Commission Jean-Claude Juncker, in the Oval Office at the White House July 25, 2018 in Washington, DC.

The latest U.S. tariffs on China could be a sign of what’s to come for Europe, analysts have told CNBC.

President Donald Trump announced Sunday that the current tariffs of 10% on $200 billion of Chinese goods will increase to 25% on Friday. In a Twitter post, he also threatened to impose an extra 25% levies on an additional $325 billion of Chinese goods “shortly”.

His decision sparked a sell-off in global equity markets and created further jitters in Europe whose exports could also face similar U.S. tariffs.

“It is a harbinger of what is likely to come for Europe,” Fredrik Erixon, head of the European Centre for International Political Economy (ECIPE), told CNBC via email.

“Trump may be an economic illiterate, but he means what he says, and the message that has been coming for quite a while is that European auto producers will be hit with higher tariffs as well,” Erixon added.

President Trump threatened in early 2018 to impose duties of 20% on European cars. Since then, he has met the president of the European Commission, the EU’s executive body, and both decided to seek an agreement over trade and avoid tariffs. Nearly a year since their meeting, both sides of the Atlantic have yet to start those official trade talks.

On Monday, European auto stocks fell more than 3%.

“On the one hand, this (tariff announcement on China) just confirms what we already know, which is that President Trump is willing to publically escalate conflicts to achieve policy objectives. So, we may also see volatility in the settling of European trade negotiations,” Mark Haefele, chief investment officer at UBS Global Wealth Management, told CNBC via email.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: silvia amaro
Keywords: news, cnbc, companies, trumps, told, china, threatened, harbinger, european, trump, europe, 25, heres, washington, tariffs, trade, president


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Amazon can already ship to 72% of US population within a day, this map shows

A closer look at Amazon’s delivery network illustrates why the company is now ready to make one-day shipping the default for its Prime members. Amazon is already capable of offering same-day and next-day delivery to 72% of the total U.S. population, including almost all of the households (95% or more) in 16 of the wealthiest and most populated states and Washington, D.C., according to a report published in March by RBC Capital Markets. The vast delivery network is the result of significant inves


A closer look at Amazon’s delivery network illustrates why the company is now ready to make one-day shipping the default for its Prime members. Amazon is already capable of offering same-day and next-day delivery to 72% of the total U.S. population, including almost all of the households (95% or more) in 16 of the wealthiest and most populated states and Washington, D.C., according to a report published in March by RBC Capital Markets. The vast delivery network is the result of significant inves
Amazon can already ship to 72% of US population within a day, this map shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-05  Authors: eugene kim
Keywords: news, cnbc, companies, map, rbc, washington, shows, ship, wealthiest, delivery, total, day, vast, population, network, tripling, 72, amazon, states


Amazon can already ship to 72% of US population within a day, this map shows

A closer look at Amazon’s delivery network illustrates why the company is now ready to make one-day shipping the default for its Prime members.

Amazon is already capable of offering same-day and next-day delivery to 72% of the total U.S. population, including almost all of the households (95% or more) in 16 of the wealthiest and most populated states and Washington, D.C., according to a report published in March by RBC Capital Markets.

The vast delivery network is the result of significant investments over the past four years, a period during which Amazon built out fulfillment centers across the country, nearly tripling its U.S. logistics infrastructure, RBC said. Amazon has added roughly double the amount of distribution space Home Depot currently owns.


Company: cnbc, Activity: cnbc, Date: 2019-05-05  Authors: eugene kim
Keywords: news, cnbc, companies, map, rbc, washington, shows, ship, wealthiest, delivery, total, day, vast, population, network, tripling, 72, amazon, states


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