President Trump is now using tariffs as a negotiation tactic. Trump tweeted Monday morning saying "tariffs on steel and aluminum will only come off if new and fair NAFTA agreement is signed." Later on Monday Trump told reporters the White House is not backing down. CFRA Equity Research Analyst Matthew Miller explains why his outlook remains positive on the steel sub industry.
"Ultimately Canada and Mexico--the US is an extremely important trading partner for all three groups. We think that in order for steel tariffs to be effective either steel tariffs need to be applied all throughout the NAFTA region to prevent circumvention or it has to be applied across the board," said Miller.
Miller says he is not surprised Trump is leaning towards stiff tariffs, given his promise to protect the steel industry.
New York has reported its lowest number of daily COVID-19 deaths in weeks. The state on Friday reported 422 deaths as of the day before.
The coronavirus first seen in China is now ravaging the U.S., and Asian Americans are continuing to wrestle with a second epidemic: hate. Hundreds of attacks on Asian people have been reported, with few signs of decline.
Stocks are holding steady in early trading Friday as Wall Street nears the end of its tumultuous week.
Some businesses in Georgia are reopening as the state's governor eases a month-long shutdown despite fears that a new wave of coronavirus infections could result.
Past studies have not found good evidence that the warmer temperatures and higher humidity of spring and summer will help tamp down spread of the virus.
Congress has delivered a nearly $500 billion infusion of coronavirus spending, almost unanimously rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and one in six U.S. jobs.
Outspoken New York Gov. Andrew Cuomo came for Senate Majority Leader Mitch McConnell in a press conference Thursday, accusing him of politicizing coronavirus relief efforts
The stock market ended another turbulent day more or less where it started after an early rally got washed away. The S&P 500 ended with a tiny loss Thursday, having given up an early gain of 1.6%.
New York Gov. Andrew Cuomo said Thursday that a state survey of about 3,000 people found that 13.9% had antibodies suggesting they had been exposed to the virus.
Hart Island is a mile-long patch of land in the Long Island Sound off the coast of the Bronx, which normally slips under the radar for most New Yorkers. In recent weeks, the unassuming island made headlines after drones captured aerial images of workers loading simple caskets three-deep into trenches wide enough to fit over 100 bodies.
