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.
Lenore Hawkins, chief macro strategist at Tematica Research, told Cheddar from Lake Como, Italy, that the local populace seems to be taking the directives to stay indoors seriously.
The Earth's average temperature last year was about 1.1 degrees Celsius higher than pre-industrial levels, second only to the record established in 2016.
Swaths of shale producers, many heavily in debt and still recovering from the price crash of 2015, have posted double-digit drops in stock prices in the past 48 hours, with some companies already announcing rounds of layoffs.
Biden and Vermont Senator Bernie Sanders will go head to head for the 352 delegates promised on what some are calling ‘Super Tuesday 2.0,’ with a focus on the battleground state of Michigan.
These are the headlines you Need 2 Know for Tuesday, March 10, 2020.
Consumer advocate Ralph Nader, whose grandniece was killed in that disaster, said that even once the plane makes it back to the skies, he won't fly in it.
The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets. The sharp drops triggered the first automatic halts in trading in two decades.
Brent crude, the global benchmark for oil and for U.S. gasoline prices, hovered around $36 a barrel after opening Monday at about $33 -- down from $45 a barrel on Friday and nearly $70 in January.
Officials at the World Health Organization said Monday that of about 80,000 people who have been sickened by COVID-19 in China, more than 70 percent have recovered and been discharged from hospitals.
Stocks are falling sharply Monday on Wall Street on a combination of coronavirus fears and plunging oil prices, triggering a brief, automatic halt in trading to let investors catch their breath.
