Financial Review

…Trade concerns weigh. Manufacturing sings. Avoiding a shutdown. Tax Reform 2.0 on hold. Emerging markets wobble. Amazon $1T. Nike does it. Kyl replaces McCain. Financial Review by Sinclair Noe for 09-04-2018   DOW – 12 = 25,952 SPX – 4 = 2896 NAS – 18 = 8091 RUT – 7 = 1733 10 Y + .05 = 2.90% OIL – .43 = 69.37 GOLD – 9.80 1192.10 Fears about trade have at times weighed on stocks since mid-February when the Trump administration announced tariffs on steel and aluminum. But the Standard & Poor’s 500-stock index is up nearly 9 percent this year, and much of those gains have come in the past two months. The trade conflict between the United States and China may be on the verge of a sharp escalation. Trump wanted to go ahead soon with tariffs on $200 billion of Chinese products, adding to those already imposed on $50 billion of goods. Richard Trumka, president of the AFL-CIO, which collectively represents 12.5 million workers, said over the weekend that a new North American Free Trade Agreement won’t work if it doe