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As the China trade dispute drags on, Trump is still 'playing with the bank's money'


Added 05-15-19 03:02:02pm EST - “The president's gambit is backed up by a solid stock market and an economy that gives him the leeway to keep pressing his case.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “As the China trade dispute drags on, Trump is still 'playing with the bank's money'”. Below is an excerpt from the article.

The president's goals of a strong economy and a trade deal are in conflict, frustrating Wall Street traders trying to unpack which is more important.

Stocks rose on Wednesday on news that President Donald Trump plans to delay the implementation of auto tariffs.

The Atlanta Fed's closely watched GDPNow tracker is pointing to a 1.1% gain for the economy in the second quarter. Markets expect a Fed rate cut as soon as September.

Both China and the U.S. reported weaker retail sales and industrial production for April, even before the latest escalation of the trade war.

CNBC reveals the 2019 Disruptor 50 list, identifying start-ups on the cutting edge of huge consumer, technology and business shifts — and already worth billions.

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