1) World stock markets fell dramatically, the Dow down 800 points, a result of uncertainty about China and American trade war. There wasn’t any signing of agreements at G20, nor has China made any public statements about resolving the conflict since then, adding to the uncertainty. Also contributing are fears of the American economy sliding downward in the near future.
2) A recall of 12 million pounds of beef because of salmonella outbreak, has stretched across the country. So far, there has been 240 cases of infection in 6 states.
3) New carbon taxes in France aimed at reducing global warming effects has resulted in extensive riots forcing France to back off the taxes.
4) 4 DEC 18 Stock market closings: The stock market is like a rectal thermometer- rude and crude, but surprisingly effective in showing sickness.
Dow 25,027.07 down 799.36
Nasdaq 7,158.43 down 283.09
S&P 500 2,700.06 down 90.31
10 Year Yield: down at 2.92%
Oil: down at $52.61