Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Even if it lasted more than a few weeks, the government shutdown won't have much of an impact on the market, according to one economist.
"It obviously depends on how long the shutdown continues. But the direct effect is pretty modest if it lasts even a month," said Keith Hembre, economist at Nuveen Asset Management. "The estimated effect that you would anticipate for the economy is something like a half a percent, so it's pretty modest," Hembre said.
Federal Trade Commission employees may be furloughed and IRS audits may be suspended, but overall, the markets don't seem to be too concerned about the shutdown.
"Ultimately the market is going to reflect fundamentals. You have fears of the unknown as it relates to where government policy will ultimately go, but I mean from my standpoint this is just not a major event," Hembre told "Big Data Download."
--By Althea Chang
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