All the 2020 Democrats in next week’s debate threaten to skip event, refuse to cross picket line

All the 2020 Democrats in next week’s debate threaten to skip event, refuse to cross picket line

Democratic 2020 U.S. presidential candidate and U.S. Senator Bernie Sanders (I-VT) speaks at a campaign stop in Hooksett, New Hampshire, September 30, 2019. Brian Snyder | Reuters All of the 2020 Democratic presidential candidates threatened Friday to skip next week’s debate as they pledged support for workers in a contract dispute at the university where it will take place.  The seven contenders who qualified said they will not cross a picket line at Loyola Marymount…

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In surprise decision, US approves muscular dystrophy drug

In surprise decision, US approves muscular dystrophy drug

A logo sign outside of the headquarters of Sarepta Therapeutics, Inc, in Cambridge, Massachusetts on February 21, 2018. Kristoffer Tripplaar | AP U.S. health regulators approved a second drug for a debilitating form of muscular dystrophy, a surprise decision after the medication was rejected for safety concerns just four months ago. The ruling marks the second time the Food and Drug Administration has granted preliminary approval for the disease based on early results and is…

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Larry Kudlow: ‘We will see if the Chinese stay with their word’

Larry Kudlow: ‘We will see if the Chinese stay with their word’

National Economic Council Director Larry Kudlow maintained a cautious optimism around the trade agreement struck by China and the U.S. He told CNBC’s “Power Lunch” on Friday the deal should lift business confidence, but “we will see how it works. We will see if the Chinese stay with their word.” China and the U.S. agreed on a phase one trade deal on Friday. The agreement — which both sides are aiming to sign in January…

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Here’s what the new trade deal means for the markets

Here’s what the new trade deal means for the markets

President Donald Trump speaks to reporters in Washington, December 7, 2019. Erin Scott | Reuters The trade deal agreed to by the U.S. and China diffuses tensions between the world’s two largest economies, and could help boost corporate profits and the global economy next year, analysts say. That would be a positive for stocks and suggests that analysts may also upgrade expectations for the market in 2020. However, policy analysts say there are still thorny…

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US and China aim to sign phase one deal in January, top Trump trade official says

US and China aim to sign phase one deal in January, top Trump trade official says

U.S. President Donald Trump and China’s President Xi Jinping at the G20 leaders summit in Japan on June 29, 2019. Kevin Lamarque | Reuters The United States and China hope to sign a phase one trade deal in the first week of January, nearly two years after President Donald Trump launched his trade war, his top trade advisor said Friday. U.S. Trade Representative Robert Lighthizer, one of the lead negotiators in talks with Chinese officials,…

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US weighing 100% tariffs on more EU products including whiskies and Cognac, according to documents

US weighing 100% tariffs on more EU products including whiskies and Cognac, according to documents

U.S. Trade Representative Robert Lighthizer gestures as he speaks during a meeting at the Presidential Palace, in Mexico City, Mexico December 10, 2019. Henry Romero | Reuters The U.S. is weighing tariffs of up to 100% on European products the Trump administration previously absolved from such duties, targeting some of the euro zone’s most emblematic products, including Irish and Scotch whiskies and Cognac. The Office of the United States Trade Representative on Thursday published a…

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Trump halts new China tariffs and rolls back some of the prior duties on $120 billion of imports

Trump halts new China tariffs and rolls back some of the prior duties on $120 billion of imports

President Donald Trump said Friday that as part of the U.S.-China trade deal, Washington will not charge Beijing with any new tariffs and will slightly reduce existing tariffs. He also said that “phase two” talks with China will begin immediately rather than waiting until after the 2020 Election. Trump later added the timeline was at Beijing’s request. The Office of the United States Trade Representative confirmed that the U.S. will be maintaining 25% tariffs on…

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China and US reach phase one trade deal that includes some tariff relief and agriculture purchases

China and US reach phase one trade deal that includes some tariff relief and agriculture purchases

China and the U.S. announced Friday they have reached a phase one trade deal including some tariff relief, increased agricultural purchases and structural change to intellectual property and technology issues. Some details of the partial accord, which the world’s two largest economies will now move toward signing as they aim to rein in a boiling trade war, appeared murky. As Chinese officials briefed reporters on the details of the agreement Friday morning, President Donald Trump…

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Apple dodges iPhone tariff after Trump confirms trade deal agreement with China

Apple dodges iPhone tariff after Trump confirms trade deal agreement with China

Apple CEO Tim Cook escorts President Donald Trump as he tours Apple’s Mac Pro manufacturing plant with Treasury Secretary Steven Mnuchin looking on in Austin, Texas, November 20, 2019. Tom Brenner | Reuters In the midst of the holiday shopping season, Apple avoided tariffs on its core products, including the iPhone, after President Donald Trump announced Friday that the U.S. has reached a phase one trade deal agreement with China and tariffs set for Sunday…

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Stocks hit record highs as China says both sides have agreed to text of trade deal

Stocks hit record highs as China says both sides have agreed to text of trade deal

Stocks rose on Friday after Chinese officials said China and the U.S. reached an agreement on the text of the phase one trade deal. The Dow Jones Industrial Average were up 90 points, or 0.3%. The S&P 500 and Nasdaq Composite gained 0.3% and 0.4%, respectively. The major averages all hit record highs. The next step is for both sides to go through legal steps and set a time for signing the deal, according to…

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