Morning Market Report - January 7, 2020
US trade deficit falls more than expected to hit lowest level in three years
The U.S. trade deficit contracted to $43.1 billion in November, the lowest level of the Trump administration.
Much of the gain came from a reduction of the gap with China.
The reading came as the U.S. and China continued trade negotiations that ultimately produced a phase-one agreement likely to be signed later this month.
The shortfall in goods and services declined to $43.09 billion for the month, below the $43.6 estimate from economists surveyed by Dow Jones. That represented the lowest deficit since October 2017. That was down sharply from the $46.9 billion in October, which was revised lower from an initially reported $47.2 billion.
Source: CNBC
Much of the gain came from a reduction of the gap with China.
The reading came as the U.S. and China continued trade negotiations that ultimately produced a phase-one agreement likely to be signed later this month.
The shortfall in goods and services declined to $43.09 billion for the month, below the $43.6 estimate from economists surveyed by Dow Jones. That represented the lowest deficit since October 2017. That was down sharply from the $46.9 billion in October, which was revised lower from an initially reported $47.2 billion.
Source: CNBC
Pentagon rejects Trump’s pledge to strike Iranian cultural sites
“We will follow the laws of armed conflict,” Joint Chiefs of Staff Chairman Gen. Mark Milley told reporters on Monday.
President Trump on Sunday vowed to hit 52 targets in Iran, including cultural sites, “very hard” if the country retaliates for the U.S. killing of top Iranian general Qasem Soleimani.
Asked during a press gaggle if the U.S. military would follow Trump’s announced plan to target cultural sites in Iran, Joint Chiefs of Staff Chairman Gen. Mark Milley replied, “We will follow the laws of armed conflict.”
Asked if that meant “no” because targeting cultural sites constitutes a war crime under those laws, the general replied, “That’s the laws of armed conflict.”
Source: CNBC
President Trump on Sunday vowed to hit 52 targets in Iran, including cultural sites, “very hard” if the country retaliates for the U.S. killing of top Iranian general Qasem Soleimani.
Asked during a press gaggle if the U.S. military would follow Trump’s announced plan to target cultural sites in Iran, Joint Chiefs of Staff Chairman Gen. Mark Milley replied, “We will follow the laws of armed conflict.”
Asked if that meant “no” because targeting cultural sites constitutes a war crime under those laws, the general replied, “That’s the laws of armed conflict.”
Source: CNBC
Tesla to open at all-time high as it bets on China
Tesla will begin to deliver Model 3 cars made in its Shanghai factory to Chinese consumers on Tuesday.
Tesla was up about 2% in premarket trading; such gains at Tuesday’s open would put shares at all-time highs. The stock market value of the electric auto maker has already topped $81 billion.
Tesla was up about 2% in premarket trading; such gains at Tuesday’s open would put shares at all-time highs. The stock market value of the electric auto maker has already topped $81 billion.
Tommy O'Brien's 9 AM EST TigerTV Update
Market Action to Start Trading
VIX
Gold
Crude Oil
Bonds
Notes
Stocks Making Moves this Morning
