Trade War Weighs On Both Sides Of Pacific

Credit: The Street
Published on October 18, 2019 - Duration: 00:33s

Trade War Weighs On Both Sides Of Pacific

U.S. stocks are falling sharply Friday as the fallout from the trade war between the U.S. and China weighs on the world's two largest economies.

The Dow is falling triple digits while the Nasdaq is down more than 1% Friday.

The Chinese economy grew at a 6% rate in the third quarter, its slowest rate of growth since 1992.

Meanwhile in the U.S. consumer spending fell 3% in September.

Analysts were expecting consumer spending to rise 3% in the month.

The negative economic news on both sides could motivate the two countries to make concessions and reach a deal heading into the holiday quarter, that is very important for both China and the U.S. Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below


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