6 December 2018

1) President Trump continues to play hardball with China to hammer out a trade agreement more favorable and equitable to the United States.  But he did praise China for taking new measures to control addictive drugs into America.

2) Facebook finds itself under the gun for giving personal data to select users. New documents have surfaced showing that Facebook intended for these select users to have wide spread access to data in exchange for advertising on Facebook. Facebook is adamant they didn’t sell any personal data to any third parties, but nevertheless, they profited from providing data.

3) Price increases are spreading broadly through the economy, driven by tariffs and the trade war.  Furthermore, the interest rate is expected to rise again in December, which may put further pressure to raise prices.  Chinese tariffs have had a very adverse effects on American agriculture.

4) 4 DEC 18     Stock market closings:     Markets closed.

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