Business Maverick: Thursday May 9: Five Things You Need to Know to Start Your Day By Bloomberg
The U.S. and China sent dissonant signals on trade, as President Trump struck a hopeful note and Beijing threatened retaliation if Washington hikes tariffs Friday. Just don’t bet on a deal getting done before then, warned Goldman Sachs, putting the chances of higher tariffs at at 60%. JPMorgan’s Jamie Dimon sees a deal coming, just not by Friday.
He risked an unflattering and undiplomatic comparison when he asked leaders to consider what Margaret Thatcher would do and urged them to hurry up and deliver Brexit.It’s been a long time coming, but bonds of debt-ridden borrowing units set up by China’s local governments are finally winning the hearts of international investors.
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