Alchanati Campbell & Associates
The bears won on Wall Street today, President Trump has a dislike for Chinese food, and the future of the ‘toys industry’ is online.
Trump ordered Tariffs against China on $50 billion worth of goods. Trump’s trade war was blamed for China hurting the American manufacturing sector, the loss of U.S. jobs, and intellectual-property violations targeting more than 100 different types of products. Dow Jones down more than 700 points at closing.
China fights back! China has plans of 25% tariffs on U.S. pork imports and 15% tariffs on U.S. steel pipes, fruit, and wine for now…
Financial relationships in play. Gold prices moved sharply higher and Bond prices moved sharply lower after the Feds raised interest rates and forecasted steeper hikes in the future.
Father of the Toy Business dies at age 94 after announcement of Toys ‘R’ Us closure from bankruptcy. More sad news has knocked on the door of Toys ‘R’ Us today, as the company’s cherished founder Charles Lazarus passed away, confirmed by the company’s Twitter page. This news comes a week after the company announced it was closing all of its domestic and international locations. Due to increased competition with Target, Amazon, and Walmart and a growing online retail market, Toys ‘R’ Us could not compete.
John Dowd’s resignation. Trump’s lead attorney working on the case of John Mueller’s collusion with Russia resigns. This is the result of an increasing disparity between Trump and Dowd. The former is rumored to be unhappy with Down and is apparently bringing in new legal team members. This comes as the investigation is heating up.
LA is the city of cities. Since the turning point of the 2017-2018 NBA regular season, our hometown squad, the Los Angeles Lakers, have gone 8-2; one of the best records in the league. We have been playing some of our best of the season. With 15 games left, let's see if the lake-show can string together a 10-5 finish to cap our record off at an even 41-41. This would be our first non-losing season since 2013 if that is the case.
The Alchanati Campbell and Associates Team
WHAT'S UP FRIDAY? is a weekly newsletter that will give you a summary of "What's up?" on Wall Street, in the US and around the World written by The Alchanati Campbell and Associates Team. What makes us unique is we focus on long-term knowledge; knowledge that will still be useful to you 10 years from now.