Here is what you need to know.
Trump threatens sanctions on Germany. “”We’re looking at it,” Trump told reporters at the White House on Wednesday, referring to potential sanctions on Germany if the Nord Stream 2 pipeline goes ahead. “It really makes Germany a hostage of Russia if things ever happened that were bad.”
The UK is nowhere near ready for a no-deal Brexit. Less than 10% of the UK firms have applied for the Transitional Simplified Procedures Scheme which is designed to minimize a no-deal Brexit disruption for imported goods.
Oil climbs off its lowest level since January. West Texas Intermediate crude oil is up 3% near $52.60 a barrel after oil tankers were attacked in the Gulf of Oman.
JPMorgan warns of a ‘Trump Recession.’ “The trade war has so far offset all benefits of fiscal stimulus and, if continued, may lead to global recession,” wrote Marko Kolanovic, JPMorgan’s global head of quantitative and derivatives strategy. “If this recession materializes, historians might call it the ‘Trump recession’ given that it would be largely caused by the trade war initiative.”
Wall Street doesn’t recommend buying Beyond Meat. None of the nine Wall Street analysts who cover the stock …read more
Source:: Businessinsider – Finance