No Name, What could possibly go wrong?

[Image]( EMAIL}/redirect (Advertisement) Posted on Thursday, January 16th, 2020 By Jeff and Jason on Raging Bull We have a deal... for now… The US and China finally signed a Phase 1 trade deal on Wednesday. The agreement will come in eight parts, which will roll out in... phases. Eat your heart out, Marvel. While the Phase 1 deal eases tensions and may help accelerate global growth there's still an elephant in the room: tariffs remain on more than $370B worth of Chinese goods entering the US. The terms The deal, which was seen as a “win-win” by the Chinese, and called “transformative” by the POTUS, covers topics that have been at the center of the disagreement, like the handling of intellectual property, an increase in agricultural purchases, and the resolution of business disputes. Beijing has also promised to increase purchases from US businesses by $200B over the next two years. It's probably worth noting that this is an unprecedented hike. But shoot for the stars, I guess? As for tariffs, before the deal was set in stone, the US said it would cut tariffs on $120B worth of Chinese goods from 15% to 7.5% within 30 days. That agreement is still in place, but Donny Deals said he’d remove that tariff completely ... depending on how the next round of negotiations goes. Donald Trump has clearly been paying attention in “Moms Whose Kids Won’t Eat Their Vegetables 101.” EMAIL}/redirect (Advertisement) This little trade deal went to market Since China and the US have been on “good” terms, US stocks have been on a heater. Case in point: on Wednesday, the Dow closed above 29k for the first time ever. The S&P also hit an all-time high, while the Nasdaq closed with its second-highest score ever. The bottom line... Phase 1 is, as Stevie Wonder put it, "signed, sealed, and delivered," so what about Phase two? Let’s not get ahead of ourselves. Doubts still remain about Phase 1. China’s pledge to buy US agricultural goods under the right “market conditions” has some investors worried. Most of the doubts are coming from farmers and commodity traders (... two people who literally couldn't be more different). And let’s face it, China hasn’t been the most trustworthy trade partner in the past. As for Phase 2, the Chinese media is less than optimistic. Chinese newspapers went as far as to say that “we can’t expect ... frictions to disappear simply because of signing a deal.” Oh, and did we mention that President Trump doesn't plan to get his trade deal on again until after the November elections? EMAIL}/redirect (Advertisement) ☑️ The other phase one. NBCUniversal is officially debuting its streaming service, Peacock, today in New York during its investor day presentation. As the last major media streaming service officially coming to market, the launch of Peacock marks the end of "phase one" of the streaming era. Now that users know what options are available, phase two will be a d*ck measuring contest between the likes of Disney+, Apple TV+, HBO Max and Quibi. The companies will jockey to create the most appealing offer (read: fight over the rights to 'Friends') for customers and figure out viewers' appetite for ads. ☑️ Apple bites. Apple has acquired AI software startup Xnor.ai in a deal estimated to be worth $200M. The company's software performs research on applications in the retail and automotive industries and specializes in running on devices with lesser computing power than say, a data center. And Microsoft might be kicking itself. Xnor.ai was founded in an AI research lab co-founded by Paul Allen (think Bill Gates BFF... not "subtle off-white coloring.") ☑️ Take a dump. DJ D-Sol is licking his wounds after Goldman announced the fallout from the 1MDB scandal deal wiped out 13% of the bank's profits in 2019, leading to a total drop of 19% on the year. Revenue remained flat during 2019. Goldman has its work cut out for it and hopes that the money it's pouring into its retail platform, wealth management, and credit card partnership with Apple will help the company see more balanced growth going forward. There is still a pending $2B fine from the Justice Department that the company has to navigate. In case you were wondering, "how will Goldman fund the cleanup?" ... it's simple: it dumped its stake in Uber as soon as the lockup period expired. ☑️ (Internet) Exploring the options. Microsoft was forced to stick its tail between its legs and launch a new version of its web browser that runs on Google's Chrome technology. Microsoft's Edge browser currently holds a paltry 2% of the web browser market share, the majority of which are Microsoft employees and grandparents who still have landlines. The move has been in the works for a few years as Edge hasn't caught on the way Microsoft had hoped. 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