See new posting below, “EFR PODCAST EP. #28: TARIFF WARS”
1) There’s more to the US-China trade war, than just equalizing the trade imbalance. Other issues being contested with the tariffs is intellectual thief, China’s attempts to control news unfavorable to China, China’s expanding control of military and strategic materials, creating monopoly markets to China’s advantage and checking China’s growing world influence.
2) Best Buy is closing 50 stores resulting in a drop of its stock.
3) There are reports that Tesla is parking it’s cars in a number of different locations, some storage areas having hundreds of cars. It’s unknown just how much of Tesla’s inventory is being stored this way, or how long Tesla has been storing inventory or why.
4) 4 OCT 18 Stock market closings:
Dow 26,627.48 down 200.91
Nasdaq 7,879.51 down 145.57
S&P 500 2,901.61 down 23.90
10 Year Yield: up at 3.20%
Oil: $74.65 down from $76.22