Trump vs. everybody

[The beef 675] [I'm an image] “Make trade wars great again.” - Jason [Read The Beef Online - Click Here]( Hey there carnivores, Markets took a tumble today on some unsettling news out of the White House. Today we’ll dig into what POTUS had to say and why it spooked markets. Keep raging, Jeff & Jason [Image] [I'm an image] Trump vs. everybody Donald Trump did his best Donald Trump impression on Tuesday in response to the Dow falling more than 400 points in intraday trading. DJT called the precipitous drop in US indices "[peanuts](" compared to the record numbers that markets have hit lately. Trump took to Twitter to tout the strength of the US economy. Spoiler: his doing so is usually a sign that sh*t is about to hit the fan. Words and actions It was probably smart to downplay US market movement, considering it was in large part, driven by The Donald's comments on the ongoing trade war with China. President Trump mentioned that, in a perfect world, he'd delay trade talks until after the 2020 election. Why? Because POTUS [doesn't plan]( to accept a crappy deal and believes he will have more leverage post-election. This, of course, caused all hell to break loose. Exhibit A: the S&P fell for a third straight day (-0.66%)... although it’s probably worth noting that it’s still up 23% on the year. But wait, there's more It's not just the Chinese with whom the Commander in Chief is beefing. At a NATO meeting in London, President Trump [traded verbal blows]( with French President Emmanuel Macron. Things got heated after Trump suggested Macron and France take back ISIS fighters currently held by US-allied troops in Syria. The comments came after Macron criticized a Turkish offensive against Syrian Kurds… one which was enabled by the removal of US troops. Trade has also been a point of contention between the two world leaders in the past few days. Late Monday night, Trump threatened to levy tariffs up to 100% on [$2.4B worth]( of French goods coming into the US of A, specifically on sparkling wine, cheese, handbags, and makeup. I love the taste of freedom fries in the AM. The bottom line... Expanding the trade war is bad for (US) business. Tariffs imposed by China are, in the words of Pete Campbell, "[not great, Bob.](" But starting a trade war with EU could prove disastrous for the American economy. Of course, an EU trade tiff wouldn’t bode well for Europe either. Companies like Hermes' and Chanel want to brag about the fact that their products are made in France and Italy, respectively. Saying your leather man-bag was hand-stiched in Topeka doesn't exactly have the same ring to it. China, on the other hand, promised it is speeding up the process of publishing its "unreliable entities" list, a list that could enact sanctions on American companies if they were to be named. A publication that is sure to hit Oprah's book club in 2020. Bottom line: “Sparkling wine, cheese, handbags, and makeup? What does Trump have against basic white chicks?” [I'm an image] There’s a reason Chris Pratt is a velociraptor expert in the latest Jurassic Park series: raptors are absolute savages. So it’s only fitting that [Kyle Dennis’ upcoming event]( is called Raptor5. KD is going to teach you how to be aggressive, smart and stay super hungry when chasing profits in today’s market. [Join us for Kyle’s Raptor5 event this]( [Thursday at 8:30 PM ET]( [I'm an image] ☑️ Le tariffs. The aforementioned EU tariff threat from the US comes after a four-month investigation that determined France implemented a tax on digital services that discriminate against US companies, specifically Google, Facebook, Apple, and Amazon. But what good is a retaliation without a re-retaliation?! French Finance Minister Bruno Le Maire [said yesterday]( that France and the EU would be ready to take action. ☑️ With our powers combined... Amazon and Verizon are [joining forces]( to form the Captain Planet of a 5G. Bezos’ boys will start using Verizon’s 5G network to help clients download data from Amazon Web Services’ cloud. The technology, WaveLength, belongs to Amazon but the 5G connection will allow a lower latency when communicating between devices. Simply put ... it’s going to be super f*cking fast. The two companies hope to increase connectivity for IoT, self-driving, healthcare, and most importantly smartphone streaming tech. ☑️ Diesel-gate. For the second time, Volkswagen’s headquarters [were raided]( as part of the investigation into the company’s emissions scandal that took place earlier this millennium. They can’t just let it go, can they? VW admitted to the scandal back in 2015, which impacted 11M cars and cost the company roughly $30B to date. Still, regulators are out for blood. The raid was looking to confiscate documents related to the EA 288 engine model, the successor to the EA 189, which was the main culprit in the scandal. Corporate raids are the ultimate punch buggy game. ☑️ Bad year blimp. The world’s largest hedge fund is not having a good year. And now Bridgewater, the cult-like fund with $160B under management will lose one of its co-CEOs. Eileen Murray [is leaving]( for "other opportunities." It isn't super clear if Murray got sick and tired of Dalio's "Principles" or if she was pushed out, but one thing is for sure: Ray has had more issues with succession than Logan Roy. + It doesn’t help that Sweet Baby Ray’s Pure Alpha Fund has returned -6% this year as of August 23. The poor performance has lead Singapore based UOB Private Bank to put Bridgewater on the [“naughty” list]( this year, recommending clients pull their money. 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