The US said that China will purchase a " very substantial " amount of US products to ease the trade imbalance, and would clamp down on the export of deadly synthetic opioid fentanyl to the US. This self-proclaimed nickname, " Tariff Man ", has led to a wealth of jokes, including some superhero-related tweets that speculate about this newly minted Trump persona.
When one-third of the customer (100M users) data is hacked in a company with tech DNA, it is a message for all companies of how vulnerable the cyberspace is. "This is one of the most significant data breaches in history given the size - about 500 million people are affected - and the sensitivity of the personal information that was stolen", said CreditCards.com industry analyst Ted Rossman.
The U.S. does about a $1 trillion worth of business each year with the two countries, and Canada (second) and Mexico (third) are America's most significant trade partners. On Sunday, Henry Connelly, a spokesman for Pelosi, told the New York Times that it was "disappointing but not surprising" that Trump was trying to force Congress to approve the new deal.
Last Wednesday, the market took a further hit when Khalid al-Falih, the Energy Minister of the Kingdom of Saudi Arabia , said that his country would not reduce its output alone in order to stabilise the market. "Markets are expecting for the OPEC+ deal to be renewed, which should be healthy for consumers and producers and the global economy as a whole". "But the details are now what matter - how much will be cut, from when, for how long and, crucially, from what baselines".
The withdrawal decision reflects Qatar's intent to focus its efforts on developing its natural gas industry, the minister said, as the Gulf Arab state moves to increase LNG production from 77m to 110m tonnes annually. Qatar says it will withdraw from the OPEC group of major oil-producing nations in January. "I assure you this purely was a decision on what's right for Qatar long term".
How long the market's new love for Powell lasts will be tested in just a few weeks' time when Powell speaks following the Fed's next policy meeting, scheduled for December 19. "They're making a mistake because I have a gut, and my gut tells me more sometimes than anybody else's brain can ever tell me". Analysts think a rate hike next month is all but certain, possibly in part because they think the Fed doesn't want to appear to be bowing to pressure from Trump.