*By Michael Teich*
Trade tensions between the U.S. and China are reaching new heights after the Trump administration proposed tariffs on an additional $200 billion worth of Chinese imports.
Stocks fell sharply on the news, with the Dow Industrials closing Wednesday down nearly 220 points. But some investors think the pullback could be an opportunity for investors.
"Put money to work today," said Kate Warne, Investment Strategist at Edward Jones. "The market is reacting to headline announcements."
"This is really a negotiating posture, rather than something that will go into effect."
Despite accelerating trade fears, Wall Street's attention should shift to corporate earnings season, according to Warne.
"Earnings will be a catalyst for stocks to move higher," she said. "It matters more than the trade tensions, in terms of the outlook for the market."
Banking giants JPMorgan and Citigroup report second quarter earnings on Friday. Netflix releases its results after the bell on Monday.
For the full segment, [click here.](https://cheddar.com/videos/this-is-the-reason-to-buy-the-next-market-dip)
Israel and Hamas agreed to extend their cease-fire for two more days past Monday, the Qatari government said, bringing the prospect of a longer halt to their deadliest and most destructive war and further exchanges of militant-held hostages for Palestinians imprisoned by Israel.
A four-day truce in the Israel-Hamas war has taken effect, setting the stage for the exchange of dozens of hostages held by militants in Gaza for Palestinians imprisoned by Israel.
A group of Lahaina wildfire survivors is vowing to camp on a popular resort beach until the mayor uses his emergency powers to shut down unpermitted vacation rentals and make the properties available for residents in desperate need of housing.
House Judiciary Committee Chair Jim Jordan is calling on the assistant U.S. attorney for Delaware, Lesley Wolf, to appear before the committee by Dec. 7 to respond to allegations that she interfered in the yearslong case into the president’s son.
