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Trump took to Twitter in retaliation to China unveiling new tariffs on another $75 billion worth of U.S. goods. Stocks stumbled in response.
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 The Fed's second-in-command shrugged off heavy stock-market losses in a television interview Friday and affirmed his positive view on the economy, in comments that offered little guidance on what he would like to see with monetary policy over coming months.
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The president said he would raise tariffs on $250 billion worth of Chinese imports to 30 percent and would start the next $300 billion at a rate of 15 percent.
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 Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliatory measures.
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U.S. Treasury yields slump Friday after China announces more tariffs on imports of U.S. goods, Federal Reserve chair Powell indicates that lower interest rates were possible, and President Trump orders American companies home, creating even more uncertainty for business planning.
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Stocks, the dollar and oil prices fell on Friday while safe havens rose after U.S. President Donald Trump threatened to further escalate his trade war with China "this afternoon," following a new round of retaliatory tariffs from Beijing.
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U.S. stocks fall sharply Friday as President Donald Trump says he's "ordering" U.S. companies to start looking for "an alternative to China" after Beijing imposed more retaliatory tariffs on U.S. goods.
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Fed Chairman Jerome Powell gave his most forceful warning yet about the risks to the U.S. economy from escalating trade tensions and the limits to the central bank's ability to cushion any fallout.
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 Foot Locker Inc. stock plummeted 17% in Friday trading after the athletic retailer reported second-quarter earnings and sales that missed expectations. Net income totaled $60 million, or 55 cents per share, down from $88 million, or 75 cents per share, last year. Adjusted EPS of 66 cents missed the 67-cent FactSet consensus. Sales were $1.77 billion, down from $1.78 billion in 2018 and below the $1.82 billion FactSet guidance. Same-store sales increased 0.8%; the FactSet outlook was for 3.2% growth. Foot Locker stock is down 21.2% for the year to date while the S&P 500 index has gained 16.6% for the period.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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David Koch's death celebrated by Twitter users: 'Here's hoping that Charles Koch follows' Fox NewsDavid Koch, Billionaire Who Fueled Right-Wing Movement, Dies at 79 The New York TimesDavid Koch, billionaire businessman and influential GOP donor, dies CNNDavid Koch reshaped America for the worse. His life's work was the destruction of others The IndependentConservative donor and philanthropist David Koch dead at 79 CBS NewsView full coverage on Google News
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Financial markets will be listening closely to Jerome Powell's speech on Friday for hints about the near-term direction of monetary policy.
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Bad news on trade sent major benchmarks lower early Friday.
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One area that has been raising alarm bells is the market's growing expectation that inflation will go lower and lower, and stay there for a long time.
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Shares of clothing and accessory retailer Buckle Inc. jumped 7.6% in Friday premarket trading after it reported second-quarter earnings and sales that beat consensus. Net income totaled $16.4 million, or 34 cents per share, up from $15.7 million, or 32 cents per share, last year. Sales were $203.8 million, up from $201.1 million in 2018, with online sales rising 9.2% to $23.1 million. The FactSet consensus was for EPS of 30 cents and sales of $204 million. Same-store sales rose 1.8%; FactSet expected a 0.5% same-store sales decline. Buckle stock has taken a 33% tumble over the past year while the S&P 500 index has gained 2.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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President Trump promised to respond Friday after China said it will slap tariffs on $75 billion automobiles and other U.S. goods. He also "ordered" U.S. companies to stop doing business with China.
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US president instructs American companies to leave China after Beijing announces additional tariffs
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U.S. stocks ended the trading day sharply lower after President Trump escalated trade war rhetoric Friday, tweeting that he had "hereby ordered" U.S. companies "to immediately start looking for an alternative to China." The Dow Jones Industrial Average fell 614 points, or 2.6% to 25,633, the S&P 500 index lost about 75 points, or2.6% to 2,848 and the Nasdaq Composite lost 240 points, or 3% to close around 7,751. Trump's tweets were in apparent response to China announcing new tariffs of 5% and 10% on $75 billion in U.S. imports in retaliation for the Trump Administration plans to institute a new round of tariffs on $300 billion in Chinese imports, starting Sept. 1. Meanwhile, Federal Reserve Chairman Jay Powell gave a speech at the Fed's annual symposium in Jackson Hole, Wyo. in which he said "the U.S. economy has continued to perform well overall," but appeared to leave the door open for a possible quarter-point rate cut at its next meeting in September.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 Stocks fell sharply on Wall Street Friday after President Donald Trump called on U.S. companies to consider alternatives to doing business in China
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Here's a chart that looks at the top 10 U.S. imports from China this year, their rank as an overall U.S. import, the change from last year at this time, and the percentage of these imports that come from China.
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The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.
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 Did you know Facebook allows you to see how much time you spend in its mobile application, for both individual days and as a weekly average? Our guide will show you how this works. Note: Facebook's chart will only show you how much time you spend in the Facebook app on your current device, so...
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President Donald Trump hit back at China Friday for its new tariffs on U.S. products by increasing American levies on Chinese goods. On Twitter Trump said 25% tariffs on $250 billion in Chinese products would rise to 30% starting Oct. 1. Separately, the remaining $300 billion in imports will be tariffed at 15% instead of 10% on Sept. 1. The trade brawl with China sent stocks reeling on Friday, with the Dow Jones Industrial Average dropping more than 600 points.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 * U.S. oil rig count at Jan 2018 low -Baker Hughes
(Adds CFTC data)
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President Trump said he was ordering U.S. companies doing business in China to explore relocating their operations after Beijing unveiled new tariffs on U.S. goods, the latest twists in a trade war that showed anew its potency to rattle investors, confound central bankers, and cloud the global economy.
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Wall Street tumbled on Friday
after the U.S.-China trade war escalated in dramatic fashion,
with President Donald Trump demanding that American companies
seek alternatives to doing business with China after Beijing
announced its own slate of retaliatory measures.
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Chinese tech giant calls latest reprieve ‘meaningless' as it seeks to build self-reliance
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 Stock losses continue to mount Friday as trade war with China roils investors
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A sign posted inside a Popeyes
Louisiana Kitchen in the Queens borough of New York on Friday
said the restaurant was out of its newly launched fried chicken
sandwich. Other outlets in the city were also sold out.
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President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession.
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David Koch's nephew in line to take his spot, shift away from politics Business InsiderDavid Koch, Billionaire Who Fueled Right-Wing Movement, Dies at 79 The New York TimesDavid Koch, billionaire businessman and influential GOP donor, dies CNNDavid Koch helped build a libertarian empire. It turned out to be a paper tiger. The Washington PostDavid Koch reshaped America for the worse. His life's work was the destruction of others The IndependentView full coverage on Google News
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‘My father was recently very sick and in the hospital, and he was not in his right mind.'
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In a series of tweets in which he called on American companies to look for "an alternative to China" on Friday, Trump singled out FedEx, UPS, Amazon and the United States Postal Service specifically.
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Cloudflare Inc. is looking to be the next big tech company to go public, and investors who climbed on board a decade ago stand to reap huge rewards.
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President Donald Trump said on Friday the United States would subject Chinese imports to an additional 5% tariff in response to what he called a politically motivated move by China to impose tariffs on $75 billion worth of U.S. exports.
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Friday's top personal finance stories
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The US-China Business Council on Friday said millions of U.S. citizens will be harmed by the increased trade tensions between the United States and China, the world's largest economies, following the latest salvos in the U.S.-China trade war.
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2019-08-23 0000928816-19-001338 23 KB
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An Illinois patient has died after suffering lung-related illnesses from vaping, although federal officials disclosed few details about the circumstances.
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Oil drops Friday, prompting a weekly loss of more than 1% in U.S. prices, after China announced it would impose retaliatory tariffs on $75 billion worth of imports from the U.S., including a 5% levy on crude.
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QFIN earnings call for the period ending June 30, 2019.
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Stocks and oil prices fell sharply on Friday while traditional safe havens rose after U.S. President Donald Trump threatened to further escalate his trade war with China "this afternoon," following a new round of retaliatory tariffs from Beijing.
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Oil futures declined on Friday, posting a loss for the week, following news of China's plan for retaliatory tariffs on U.S. products. President Donald Trump took to social media, tweeting that the U.S. is "better off without" China. The tweets further exacerbated the day's selloff, "as tit-for-tat escalation in the trade war is weighing on economic sentiment and stoking oil demand concerns," said Matt Smith, director of commodity research at ClipperData. October West Texas Intermediate oil lost $1.18, or 2.1%, to settle at $54.17 a barrel on the New York Mercantile Exchange. For the week, prices lost about 1.2%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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HIBB earnings call for the period ending August 3, 2019.
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The U.S. National Retail Federation (NRF) said on Friday it is "unrealistic" for American retailers to move out of China, the world's second-largest economy, as 95% of the world's consumers live outside the United States.
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Hibbett Sports Inc. stock sank 15.5% after the athletic retailer reported second-quarter sales that missed expectations. Hibbett had a net loss of $8.8 million, or 49 cents per share, after a loss of 1.2 million, or 6 cents per share, the year prior. Adjusted net loss was 13 cents per share, ahead of the 16-cent loss FactSet forecast. Sales of $252.4 million were up from $211.1 million, but below the $256.0 million FactSet guidance. Same-store sales rose 0.3%, below FactSet outlook for 1% growth. One of the factors that impacted the results was a back-to-school shopping shift. "Not only do we continue to see volatility in school start dates, we're also seeing shoppers wait until the very last minute to make their back-to-school purchases, often resulting in peak volume days occurring as close to the school start date as possible," said Jared Briskin, Hibbett's chief merchant, on the earnings call, according to a FactSet transcript. "This volatility did impact our July results negatively but as having a positive impact to August." Hibbett also updated its annual guidance. It now expects same-store sales up 1% to 2% versus previous guidance of up 0.5% to 2%. EPS is now expected to be $1.35 to $1.50, with adjusted EPS of $2.15 to $2.25 compared with previous guidance for $2.00 to $2.15. The FactSet outlook is for same-store sales growth of 2.4% and EPS of $2.11. Hibbett stock is down 51% over the past year while the S&P 500 index is up 0.3% for the period.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Gold futures rallied Friday, with China's plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold is likely to be most volatile during FOMC meetings and days (like today) when we receive a barrage of tweets from President [Donald] Trump and headlines concerning global trade," said Matthew Miller, equity analyst at CFRA Research. "The news regarding China's trade retaliation and [Trump's] multiple tweets attacking the Federal Reserve are overshadowing" the Jackson Hole, Wyo., economic policy symposium, he said. December gold climbed by $29.10, or 1.9%, to settle at $1,537.60 on Comex. That was the highest most-active contract settlement since April 2013, according to FactSet data. For the week, prices were up 0.9%, following weekly gains in each of the past three weeks.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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A simulation by the Urban-Brookings Tax Policy Center explored tax measures that could help mitigate the effects of a recession.
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If 'Hobbs & Shaw' isn't already over $500 million worldwide by tonight, it will be by the end of this sentence.
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China retaliates with tariffs on $75 billion of US goods CNNTrump Orders American Companies to ‘Start Looking for an Alternative to China' The New York TimesTrump 'hereby orders' companies to seek 'alternative' markets to China as markets plunge USA TODAYChina is feeling the pain of U.S. tariffs. Now it's time for negotiators to secure a deal. USA TODAYIf and when the recession begins, it won't be Trump's fault Washington PostView full coverage on Google News
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 Stocks turn again in whipsaw Friday session, with Dow nearing a 350-point loss
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Canada's main stock index dropped on Friday as
energy shares fell, tracking declines in oil prices as trade
dispute intensified after China unveiled more tariffs against
U.S. goods, including crude.
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 Need to Know: Contrarian signal tells investors get ready to love stocks again
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President Donald Trump was meeting with his trade team at the White House, according to CNBC, after China imposed retaliatory tariffs on U.S. goods and the Republican leader told American companies to get out of China.
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 Facebook introduced the Playable Preview Tool, which advertisers and developers can use to test and validate assets that are used in its Playable Ads. The social network introduced Playable Ads last August as a way to enable people to preview mobile applications before downloading them. The Playable Preview Tool helps its users ensure that their...
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White House economic adviser Larry Kudlow said Thursday that President Donald Trump may unveil new tax cuts before the 2020 presidential election.
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