«Breaking News» Stocks take a sharp turn after Trump threatens to shut down government

The Dow had a volatile afternoon on Tuesday after starting the day strong as Wall Street took yet another sharp turn after weeks of uncertainty and dizzying ups and downs. 

After opening 300 points up at 24,719, the Dow slowly decreased throughout the afternoon before landing at around 24,225 at 2pm. 

As the end of trading loomed, it climbed slowly back up again but failed to gather pace.

By 4pm, they had struggled to recover and closed at 24,370.24, 50 points down from Monday.  

The S&P 500 had a similarly chaotic day, starting at 2,664 but dropping to 2,662 at around the same time.  

The Dow started strong on Tuesday but fell gradually in the afternoon then took another turn as the end of trading loomed, finishing up at 24,370 by 4pm 

Over the last six months, all of the Dow's 2018 gains have been wiped clean by investors' fears over a looming global trade war 

The worst slump coincided with President Trump's bombastic Oval Office press conference with congressional leaders where he said he would shut down the government in order to move ahead with his border wall plans. 

'If we don't get what we want, one way or the other... I will shut down the government,' he said. 

Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi fought back and said the country could not afford a shutdown. 

Banks, industrial and technology companies were responsible for most of the losses on Tuesday, a common theme over the last few months as the US's business relationship with China becomes increasingly precarious.  

U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He have spoken by phone about 'the promotion of the next economic and trade consultations,' a statement by China's Commerce Ministry said Tuesday.

The worst slump coincided with a bombastic press conference held in the Oval Office where President Trump threatened to shut down the government in order to get his border wall and came to blows with congressional leaders Chuck Schumer and Nancy Pelosi 

That raised hopes that the two countries can make progress on their trade dispute. 

Investors worry weaker global trade would dent economic growth around the world and corporate profits. 

The tensions have waxed and waned repeatedly this year, which has helped make the stock market particularly volatile recently.

Another flashpoint for the two countries is the detention of Meng Wanzhou, the chief financial officer of Chinese telecommunications giant Huawei, in Canada.

Meng is wanted in the U.S. for allegedly misleading banks about the company's business dealings in Iran. China has protested her arrest. 

William Geier Jr., left, and David O'Day, right, work at the stock exchange on Tuesday 

Link hienalouca.com

https://hienalouca.com/2018/12/12/stocks-take-a-sharp-turn-after-trump-threatens-to-shut-down-government/
Main photo article The Dow had a volatile afternoon on Tuesday after starting the day strong as Wall Street took yet another sharp turn after weeks of uncertainty and dizzying ups and downs. 
After opening 300 points up at 24,719, the Dow slowly decreased throughout the afternoon before landing at around 24,225 at ...

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Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves US News HienaLouca





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