Sept. 15th 2018 Week In Review: How Trump’s Policies Moved Stocks


Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump and his administration with this weekly recap compiled by The Fly:

1. JPMORGAN’S DIMON: Following JPMorgan (JPM) CEO Jamie Dimon’s remarks Wednesday that he could beat Donald Trump in an election because he’s “smarter,” comments that he quickly walked back, the president issued his response via Twitter on Thursday. Trump tweeted that, “The problem with banker Jamie Dimon running for President is that he doesn’t have the aptitude or “smarts” & is a poor public speaker & nervous mess – otherwise he is wonderful. I’ve made a lot of bankers, and others, look much smarter than they are with my great economic policy!”

2. CHINA TRADE: U.S. officials, including Treasury Secretary Steven Mnuchin, recently invited Chinese counterparts to another meeting to talk about bilateral trade, according to a report on Wednesday by The Wall Street Journal. The U.S. aims to give China another opportunity to address concerns over trade issues before implementing additional tariffs on Chinese imports, the report added, citing people briefed on the matter. In a separate report, the publication also said that Chinese leaders were ramping up a charm offensive with U.S. multinationals and retreating from previous threats of retaliations as Beijing changes strategy to keep the trade war with Washington from scaring off foreign investors.

Exxon Mobil’s (XOM) plans for a $10B project in southern China earned CEO Darren Woods an audience with Premier Li Keqiang and VP Wang Qishan is expected to meet with a group of senior Wall Street executives from JPMorgan Chase, Citigroup (C), and Blackstone (BX) this coming weekend to reaffirm that business is as usual. Meanwhile, President Trump tweeted: “The Wall Street Journal has it wrong, we are under no pressure to make a deal with China, they are under pressure to make a deal with us. Our markets are surging, theirs are collapsing. We will soon be taking in Billions in Tariffs & making products at home. If we meet, we meet?”

Reviews

  • Total Score 0%
User rating: 0.00% ( 0
votes )



Leave a Reply

Your email address will not be published. Required fields are marked *