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"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Yields slipped after Powell said that the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
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Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
President Trump again rips into Federal Reserve Chairman Jerome Powell, comparing him to Chinese President Xi Jinping.Politicsread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
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The European Union will have to address some key questions regardless of whether the U.K. votes to leave, Hans Olsen, global head of investment strategy at Stifel, said Wednesday.
"These questions will persist because the core problems in Europe have not been fixed. You still have a sclerotic, super-national government in Brussels that just continues," he told CNBC's "Squawk Box. "
"If they're listening to their market, which in this case is Britain, they'll undertake a reform effort to get better decision-making a more robust response to their problems. But I think in the short term, you get a big market dislocation. The question is, what really changes after that?" he said.
People in the U.K. vote Thursday on whether the country should remain in the EU or leave the organization it has been a part of since 1973.
As the Brexit vote looms, financial markets have been jittery. The three major U.S. stock indexes posted marginal gains Tuesday, while the dollar posted its first positive trading day in three.
Recent polls on Brexit have been mixed, with some showing the remain camp having a slight lead, while others have come out favorably for the leave side.
Betting markets have the U.K. staying in the EU.
"I think you follow the [betting] money, and the money is saying they're going to stay," Olsen said. "The undecided are going to decide this vote, for sure."