Trump said he will raise tariffs on $250 billion in Chinese goods to 30%, and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Futures were lower this morning as investors absorb the somewhat hawkish tone of Fed minutes. The S&P 500 and Nasdaq haven't been able to post back-to-back gains during October. The Dow has not done so since rising on the first three days of the month. (CNBC)
* Here's what the Street isn't paying attention to from Fed (CNBC)
* China stocks plunge amid growing worries about the economy (Reuters)
Dow component Travelers (TRV) is out with quarterly earnings this morning, as is private equity firm Blackstone (BX). Dow component American Express (AXP) leads this afternoon's list of after-the-bell quarterly earnings reports. (CNBC)
St. Louis Fed President James Bullard will speak on monetary policy and the economy this morning in Memphis, Tennessee, while Fed Vice Chairman Randal Quarles participates in a lunchtime event at the New York Economics Club. (CNBC)
The Labor Department is out with its weekly report on initial jobless claims at 8:30 a.m. ET. At the same time, the Philadelphia Fed will issue its manufacturing index for October. (CNBC)
President Donald Trump will meet with Mike Pompeo today following the secretary of state's two-day trip to Saudi Arabia and Turkey. Pompeo sought answers on the disappearance and even murder of journalist Jamal Khashoggi. (USA Today)
* A private prod to the Saudis (Axios)
* Audio offers gruesome details of Jamal Khashoggi killing (NY Times)
Another building is stripping Trump off its entrance, the New York Times reported. Residents of Trump Place on Manhattan's Upper West Side of have joined three other buildings in the neighborhood in stripping the brassy five-letter name.
In New York state's 19th District and other swing races, Democrats have run with health care as their top issue. Democrat Antonio Delgado hammered first-term GOP Rep. John Faso over his vote to repeal and replace the Affordable Care Act. (CNBC)
CNBC has learned that New York Attorney General Barbara Underwood has opened a probe into MoviePass parent company Helios and Matheson (HMNY). The office is investigating whether it misled the investment community.
CNBC has learned that Beyond Meat has hired J.P. Morgan (JPM), Goldman Sachs (GS) and Credit Suisse for an initial public offering. Its current investors include Bill Gates, Leonardo DiCaprio, Jack & Suzy Welch and Kleiner Perkins.
Constellation Brands (STX) Chief Executive Officer Rob Sands is stepping down on March 1. He'll remain with the company as executive chairman, and will be succeeded by the spirits maker's president, Bill Newlands. (CNBC)
Uber has raised $2 billion in a junk bond sale, according to the Financial Times, as it gears up for its 2019 stock market debut. It is preparing for an IPO that media reports have noted could value it at more than $100 billion.
Facebook (FB) thinks the hackers who gained access to private information of 30 million user tokens were spammers seeking to make money through deceptive advertising, according to the Wall Street Journal, citing sources.
Pharmaceutical giant Pfizer (PFE) is offering early retirement to U.S. workers ahead of layoffs early next year, CNBC has learned. The company announced the program to workers on Tuesday, according to materials obtained by CNBC.
Visa (V) is raising its quarterly dividend to 25 cents per share from 21 cents, an increase of 19 percent. The increased dividend will be paid on December 4 to shareholders of record as of November 16.
Alcoa (AA) reported adjusted quarterly profit of 63 cents per share, well above the consensus estimate of 36 cents, while the aluminum producer's revenue also came in above forecasts. Alcoa saw higher aluminum prices during the quarter, prompted by supply disruptions, and the company also announced a $200 million stock buyback program.
Sealed Air (SEE) cut its annual earnings forecast, with the industrial gas maker citing a negative impact from currency translation as well as higher costs.
Japanese regulators approved Takeda Pharmaceutical's $62 billion acquisition of British drug maker Shire (SHPG). The deal has already gotten clearance from the U.S., Brazil, and China, and awaits clearance from the European Union.
SAP (SAP) raised its outlook following a 41 percent jump in third quarter cloud revenues. The business software maker now expects revenue growth of 7.5 to 8.5 percent this year, up from the prior range of 6 to 7.5 percent. It also raised the lower end of its profit forecast range. However, some analysts are expressing concern about profit margins.
Novartis (NVS) is buying U.S. drug maker Endocyte (ECYT) for $2.1 billion or $24 per share in cash. That represents a 54 percent premium over Endocyte's Wednesday closing price of $15.56. Endocyte specializes in radiopharmaceutical drugs, which carry radioactive substances directly to cancer cells.
EBay (EBAY) is suing Amazon.com (AMZN), alleging the online retail giant of illegally poaching eBay sellers using its internal messaging system. Amazon said it is investigating the accusation.
One night after the largest jackpot in Mega Millions history rolled to Friday, Powerball's $378 million prize survived to the next drawing. The United States' two big lottery games now have a combined $1.3 billion up for grabs. (USA Today)