White House economic advisor Larry Kudlow, in a tweet who put a troublesome exclamation mark on Friday's big stock market collection, cheered "we kill it on the economy" and it's "absolutely amazing."
Nice timing, Lar.
In the first trading session since the tweet went viral, it certainly does not feel amazing for traders who anticipate good news on the trade front. Instead, the president announced on Sunday that tariffs of $ 200 billion in Chinese goods would increase on Friday to 25% from 10%.
"The deal with China continues, but too slowly, as they try to negotiate again. No!" Trump wrote in the surprise announcement.
Next thing you know, traders can't dump stocks fast enough, and Trump returned to rage-tweeting on conversations and "Angry Democrats."
But back to what this means to investors.
In our day notice Michael O & # 39; Rourke, Marketing Director of Jones Trading suggests that sales may be exaggerated. As the market over the past five years has taken the most optimistic view of potential obstacles.
"The challenge for investors," explains R&R in a note, "declares this to be another bluff of the president, an attempt to lower expectations to provide an upside surprise or indeed a potential breakdown of trade negotiations and an escalation of the commercial war. "
At this point, dirty investors seem to be approaching their tweet as the latter, rather than, as TS Lombard's Eleanor Olcott described it to Barrons, Trump is only performing his" Art of the Deal "Tactics for to give some surprise to the upside.
S & P 500
is at a sharp pace when trading occurs. The dollar
DXY, + 0.18%
is up, along with gold
, which drives the risk-free feeling higher. Coarse
But is down over 1%. Equity market crossed borders, with both Europe
trapped in the rigid downdraft. The Shanghai Composite
was particularly hard hit and lost 5.6%.
Read more in Market Snapshot
last week exploded in the debut to become the best performing consumer IPO for two decades. The shares have been able to hold on to many of these gains, but it's worth seeing this week to see if investors still have an appetite. The Renaissance Capital team was mostly lukewarm on the meat product itself. "Pretty good, but not like, 20x-forward-sales-good," an analyst said.
Accidents continue, with government officials allegedly claiming that the company had no information about a problem with a cockpit security alert for about a year before the problem showed attention to the October accident of a 737 Max jet in Indonesia. After that, Boeing had given some airlines and pilots partial and inconsistent explanations, the Wall Street Journal reported.
Elsewhere in the airplane front, a Russian airline broke into flames as he made an emergency landing at Moscow's Sheremetyevo airport on Sunday evening, killing at least 40 people, officials said. Check out some of the scary footage. And reports say the death would have been lower if some passengers had not insisted on carrying hand luggage.
said it plans to sell Anadarko Petroleum
APC, + 2.93%
Africa's Total SA Assets
if it completes an agreement for the company. The announcement is part of the Occidental's plan to sell assets to improve the balance if it can complete the purchase.
Elsewhere, Chesapeake Lodging Trust
CHSP, + 5.77%
by Park Hotels & Resorts
said it would buy real estate investment trust in a cash and equity deal worth around $ 2.7 billion.
Shares of Kraft Heinz
is down after the branded company said it will recalculate the financial statements in the 2016 and 2017 annual reports and for each quarterly period for the first nine months of 2018.
The chart  With the company ready to make a day delivery standard for Prime members, Amazon
thanks to significant investment over the past four years, is already able to offer such a fast response of 72% of the total US, including most households in 16 of the richest and most populous states, according to a RBC Capital report highlight of CNBC.
The map shows the four-year change in Amazon's distribution footprint. The coasts are basically already covered, which is Texas and the big meters in the Midwest. After Amazon announced its plans, RBC said "the faster you send, the more people buy."
By the way, the president
] The quote
"So I know what you're thinking, and you probably got it right: This was the best week, for Trump, out of the crisis, soaked 119 weeks in the White House" – It was Will Bunch in an up – posted on Philly.com, where he lists "the reasons why Trump can light up a celebratory cigar on any taxpayer – refunded the golf green, he attaches us to."
The economy  Nothing of note on the plan today. In fact, this week's key report, April consumer prices, is not drawn to Friday. On Tuesday, we look at the Job Openings and Labor Turnover Survey for March from the BLS, followed by the Housing Purchase Application Index on Wednesday. Other than that, yes, a pretty quiet data version is on print.
Are smart homes really all they are cracked to be?
Old people are abandoned by the digital world.
The guy behind Fyre the debacle is to plot his comeback.
Talk about comebacks, remember Erik Prince?
Elon Musk's billionaire moon passenger says he's broken.
There is a new street name in Los Angeles:
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