Investor focus shifted to the European Central Bank meeting due later in the day and a widely expected interest rate cut from the Fed next week, which are expected to dictate the tempo for currencies and bond yields in coming months. Gold is highly sensitive to rising interest rates, which lift the opportunity cost of holding non-yielding bullion. -China tariffs, auto tariffs or a disorderly Brexit could further slow growth, weaken investment and disrupt supply chains.
North Korea said on Friday its latest missile launch was a warning to South Korean "warmongers" to stop importing weapons and conducting joint military drills, a message that analysts said was also aimed at the United States . Secretary of State Mike Pompeo told Fox News that prior to U.S. "We're working our way towards that. I mean. we don't consider that a missile test".
Apple had requested the Office of U.S. Trade Representative to exempt their company from a proposed 25 percent tariff on computer parts from China. The administration put tariffs on $250 billion in Chinese goods in 2018 and has threatened an additional $300 billion in Chinese imports. But for this year's model, the company moved production to China.
Economists estimate the economy's growth potential, or the pace at which it can expand without generating too much inflation, at around 2%. The last contraction of housing construction that lasted this long began in the Great Recession. Real gross domestic income growth, which measures the income-side of output, was revised up in the first quarter of 2019, more than tripling from 1 percent to 3.2 percent.
The 3% tax applies to the French revenues generated by about 30 major companies - mostly American - that provide digital services to, or aimed at, French users. White House spokesman Judd Deere said the United States "is extremely disappointed by France's decision to adopt a digital services tax at the expense of US companies and workers".
For many vehicle buyers the reduced maintenance and reduced operating costs make electrics an easy sell. Their electric-vehicle skepticism sloughs away as the truck pulls the train no problem. We don't notice any major differences from today's F-150 and this electric prototype, though the wheels appear somewhat different. The idea of an electric truck, however, still remains "fringe".