AMERICAS FRIDAYS

GEOPOLITICAL RISK+GLOBAL MARKETS

US-AMERICAS | GEOPOLITICAL RISK

THE ROOSEVELT ROOM’S CHINA TRADE Trump moves to crack down on China trade with $60 billion in tariffs on imported products President Trump took the first steps toward imposing tariffs on $60 billion in Chinese goods and limiting China’s ability to invest in the U.S. technology industry Thursday, saying the moves were a response to Beijing’s history of forcing U.S. companies to surrender their trade secrets to do business in China. -The Washington Post

Trump moves toward China tariffs in warning shot on technology transfer -Reuters

China Plans Reciprocal Tariffs on U.S. Products -Bloomberg

25 percent tariff on U.S. pork imports

15 percent tariffs on American steel pipes, fruit and wine

SUGGESTED LISTENING Days of Wine and Roses -Wes Montgomery

Accompanied by a very large glass of California Cabernet … 

Trump exempts EU, 4 other allies from steel, aluminum tariffs -Politico 

European Union

Australia

Argentina

Brazil

South Korea

Trump ousts McMaster, taps Bolton as national security adviser -Reuters

Spending deal cuts $3.4 billion from State and foreign operations Funding for the State Department and foreign operations will drop $3.4 billion from 2017 to 2018 if the current spending bill passes. That drop is despite an overall increase in nondefense spending levels. -The Hill

Tillerson bids farewell to ‘mean-spirited’ Washington The outgoing secretary of state seemed to take a shot at President Donald Trump as he bid farewell to his employees. -Politico

THE 11th HOUR – EVERY HOUR House passes omnibus package to avert shutdown The Senate must act by midnight Friday. The House passed a massive $1.3 trillion spending package on Thursday, but there are significant doubts over whether it can pass the Senate before the federal government‘s funding runs out at midnight Friday. -Politico 

Robot Regulators. What Could Possibly Go Wrong? Lots, as it happens. But politicians still love the idea. -Businessweek

US-AMERICAS | MARKETS IMPACT+OPPORTUNITY

GLOBAL BUSINESS

A key congressional committee has asked Facebook CEO Mark Zuckerberg to testify about Cambridge Analytica The panel that oversees Facebook and its tech peers. -The Washington Post

Facebook should have to pay a fine if it can’t get rid of bots, Democratic senator says -Recode

Here's Who's Hurting After Trump's Tariff Announcement -Bloomberg

Aircraft and Industrials

Financials

Consumer Goods

Chinese ADRs

Agriculture

Means of Foreign Exchange

Treasuries in China

U.S. companies are pressuring their workers on how to lobby and vote U.S. businesses are cultivating a new political resource: their own workers. When Republicans wrote their tax bill late last year, many companies pushed their employees to support specific policy provisions and to let their lawmakers in Washington know. -The Washington Post

U.S. Justice Department urges judge to block AT&T-Time Warner merger -Reuters

CFIUS WATCH U.S. tech companies win changes in bill to limit China access to technology Lawmakers pushing legislation aimed at preventing China from acquiring sensitive U.S. technology have proposed relaxing elements of the measure after lobbying by high-tech firms but will tighten another portion. -Reuters

Tech Companies Applaud Measure to Clarify U.S. Access to Data -Bloomberg

Should You Delete Your Facebook Account? Go ahead. But don’t expect it to save your immortal soul. -Politico

GLOBAL MACRO

Stocks tumble to worst day in six weeks after Trump tariff action U.S. stocks slumped on Thursday as President Donald Trump’s move to impose tariffs on up to $60 billion of Chinese imports drove fears about the impact on the global economy, fueling the biggest percentage declines in Wall Street’s three major indexes since they entered correction territory six weeks ago. -Reuters

As Trade War Fears Slam Stocks, Winners Stand Out -Bloomberg

The yen firmed to as strong as 104.64 per dollar, its strongest level since November 2016

Gold rose as much as 0.9 percent to $1,344.80, set for the second-best week of the year

U.S. Treasuries rose, with yields on the 10-year note slipping below 2.80 at one point