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nitpicker

(7,153 posts)
Wed Dec 4, 2019, 07:32 AM Dec 2019

BBG: US and China Move Closer to Trade Deal Despite Heated Rhetoric

Source: The Guardian

https://www.theguardian.com/business/live/2019/dec/04/trade-war-trump-china-deal-markets-uk-services-sector-economy-business-live

(snip)
09:36

BBG: US and China Move Closer to Trade Deal Despite Heated Rhetoric

Heads-up.

Bloomberg is reporting that Washington and Beijing are making progress towards a trade deal.

It says: The U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal despite tensions over Hong Kong and Xinjiang, people familiar with the talks said, Bloomberg News reports.

That’s not what Donald Trump was suggesting yesterday... perhaps the market slump has unblocked negotiations?
(snip)

Read more: https://www.theguardian.com/business/live/2019/dec/04/trade-war-trump-china-deal-markets-uk-services-sector-economy-business-live

8 replies = new reply since forum marked as read
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BBG: US and China Move Closer to Trade Deal Despite Heated Rhetoric (Original Post) nitpicker Dec 2019 OP
From later in the thread nitpicker Dec 2019 #1
Which means trumps giving them whatever they want duforsure Dec 2019 #2
Could they get any more obvious with the market manipulation? And how does this end? Squinch Dec 2019 #3
"people familiar with the talks said..." htuttle Dec 2019 #4
They keep manipulating the market with all this bullshit BumRushDaShow Dec 2019 #5
Today the market will go up! Vinca Dec 2019 #6
I think: He's using the power of the POTUS and podium to divert attention from the reality... MartyTheGreek Dec 2019 #7
more market manipulation beachbumbob Dec 2019 #8

nitpicker

(7,153 posts)
1. From later in the thread
Wed Dec 4, 2019, 07:35 AM
Dec 2019
https://www.theguardian.com/business/live/2019/dec/04/trade-war-trump-china-deal-markets-uk-services-sector-economy-business-live?page=with:block-5de78a3b8f08bf648cb23914#block-5de78a3b8f08bf648cb23914

(snip)
43m ago
10:50

Trade deal hopes boosts markets

In a surprise twist, European stock markets are all rallying.... as hopes of a US-China trade deal grow again.

Every index is up, with France, Italy andGermany rallying by over 1%, after unnamed sources claimed that Donald Trump had painted a too-gloomy picture of negotiations yesterday.

According to these insiders, a deal could still be reached this month.

Bloomberg has the details:

The people, who asked not to be identified, said that U.S. President Donald Trump’s comments Tuesday downplaying the urgency of a deal shouldn’t be understood to mean the talks were stalling, as he was speaking off the cuff. Recent U.S. legislation seeking to sanction Chinese officials over human-rights issues in Hong Kong and Xinjiang are unlikely to impact the talks, one person familiar with Beijing’s thinking said.

U.S. negotiators expect a phase-one deal with China to be completed before American tariffs are set to rise on Dec. 15, the people said. Outstanding issues in the talks include how to guarantee China’s purchases of U.S. agricultural goods and exactly which tariffs to roll back, they added.
(snip)

duforsure

(11,885 posts)
2. Which means trumps giving them whatever they want
Wed Dec 4, 2019, 07:41 AM
Dec 2019

To get a deal done he can claim is good for us, but in reality it'll show the opposite. That's how he has done over and over again in the past. He'll pr it as a great accomplishment only he could do , but when exposed it will be just another horribly bad deal because of trump. His good is always bad for us. He'll break any deal he makes anyway and China is well aware of that.

Squinch

(50,950 posts)
3. Could they get any more obvious with the market manipulation? And how does this end?
Wed Dec 4, 2019, 08:19 AM
Dec 2019

There will be no trade deal, or at least none that improves the lot of Americans. There will be a big announcement, like with the Korean nukes, and the market will go crazy. Two days later the details will come out, it will be a complete bust, the market will dive and at at that point it will be over, so there will be no ability to say, "Nevermind, talks going well, agreement pending! Buy buy buy!"

Classic pump and dump, but they're manufacturing little peaks and valleys along the way to maximize the profits.

And the pension funds and municipal accounts are the patsies. That's you and me.

htuttle

(23,738 posts)
4. "people familiar with the talks said..."
Wed Dec 4, 2019, 08:39 AM
Dec 2019

I don't buy this for a minute. Even if the negotiators are making progress, it ends up depending on what sort of pissy mood Trump is in.

I think he's making $$ on shorting the market somehow.

BumRushDaShow

(129,053 posts)
5. They keep manipulating the market with all this bullshit
Wed Dec 4, 2019, 09:06 AM
Dec 2019

and it will eventually come out...

It's just like what had been done with the oil futures... Every time a storm was headed for the Gulf of Mexico, they went berserk and the markets would get rattled. Same for any sudden Nigerian "pipeline sabotage" (or hint at one).

MartyTheGreek

(565 posts)
7. I think: He's using the power of the POTUS and podium to divert attention from the reality...
Wed Dec 4, 2019, 09:27 AM
Dec 2019

that the Impeachment walls are finally closing in. This is a tactic he uses when bad news comes out. He knows how to use the MSM and RW fake news. He learned it from the best, Roger Ailes. I expect more bazaar statements and actions are going to happen in these winding days.

I have a gut feel that he'll resign before the votes are cast. He knows being impeached will brand him a loser forever. Narcissists can't take that.

 

beachbumbob

(9,263 posts)
8. more market manipulation
Wed Dec 4, 2019, 10:30 AM
Dec 2019

billions were made yesterday on the down
billions will be made today on the up


classic

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