Says one particularly vocal TV news commentator: 'The president can walk away from the table with this number.'
Some market participants are starting to contemplate the notion that stellar employment figures could help embolden U.S. trade negotiators in a protracted tariff dispute between the U.S. and China—possibly resulting in a delay if not outright scuttling of a long-sought-after resolution.
A few strategists, traders, economists and TV personalities saw those numbers making a U.S.-China trade deal less likely to happen before a Dec. 15 deadline for $156 billion in new tariffs on consumer goods to take effect. CNBC’s Jim Cramer on Friday contributed to that the no-deal idea, during the business network’s coverage of the employment data. “The president can walk away from the table with this number,” he said.
All the bold talk comes as the Dow Jones Industrial Average DJIA, +1.22%, the S&P 500 SPX, +0.91%, the Nasdaq Composite COMP, +1.00% and the Russell 2000 indexes RUT, +1.18% surged in Friday trade. That means that the prospect of tariff escalation, pushing prices up for consumers and businesses, which has weighed on confidence, could be the more important feature of the U.S.-China trade discussions.
“To stay on track it is crucial that we resolve trade uncertainties by immediately ratifying the USMCA, making additional progress on China negotiations…,” wrote Chad Moutray, NAM chief economist, referring to the U.S.-Mexico-Canada Agreement, which replaced the North American Trade Agreement but still hasn’t been ratified by Congress.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Cramer: Like or hate Trump, 'these are the best numbers of our lives' on jobsCNBC's Jim Cramer says no matter your view on President Donald Trump there's no denying we're living in the best labor market in more than a generation.
Baca lebih lajut »
Jim Cramer blames bears, media for the public's low interest in stocks'There are vast sums of money to be made here, and far too many people are missing out because they've been frightened away from the whole asset class,' the 'Mad Money' host says.
Baca lebih lajut »
Everything Jim Cramer said about the stock market on 'Mad Money,' including looming earnings, Dec. 15 tariffs, Boot Barn expansionCNBC's Jim Cramer look at the week ahead in company earnings and stock market news, sits down with Boot Barn CEO Jim Conroy to get insight into its brick-and-mortar plans and says President Trump should let the Dec. 15 tariff hike go into effect.
Baca lebih lajut »
Everything Jim Cramer said about the stock market on 'Mad Money,' including Americans not investing, Chipotle CEOCNBC's Jim Cramer breaks down data behind the public's lack of interesting in buying stocks. The 'Mad Money' host sits down with CEOs of Chipotle, ServiceNow and Edwards Lifesciences for interviews.
Baca lebih lajut »
Cramer's week ahead: 'Amazing' jobs report gives us a break from China trade news'When we get an amazing employment report, we can take a break from the on-again, off-again China news and just focus on earnings,' 'Mad Money' host Jim Cramer says.
Baca lebih lajut »
Treasury yields tick lower as investors await economic data, auctionsU.S. government debt prices were higher Thursday, as investors monitored U.S.-China trade talks and awaited a fresh batch of economic data.
Baca lebih lajut »