In other news, the Department of Justice has reportedly launched an anti-trust probe of American automakers for... agreeing to set their own emissions standards. This is utterly politicized nonsense.
Meanwhile, Federal Reserve Chairman Jerome Powell says the Fed will take action to keep the economy going, meaning we can expect another interest rate cut that will please the market for a few days but won't do jack for average people.
Finally, Trump's top economic adviser Larry Kudlow says they want 'near-term results' from trade talks with China, whatever that means.
“We want to see results. We would like to see results in the near term. When we don’t see results, we take additional actions,” Kudlow said. “On the other hand, if we do see results from these upcoming meetings, then progress will be made.”
I think this means they want instant gratification or at least something that will help Trump in the next election. China probably won't give them that.
Have a good weekend. I'm going to Oktoberfest tomorrow.