[The beef 675]
[I'm an image]
âThis is why we canât have nice trade agreements.â - Jason
[Read The Beef Online - Click Here](
Hey there carnivores,
Markets fell on⦠what else⦠trade news.
Today weâre diving deep the agreement formerly known as NAFTA.
Keep raging,
Jeff & Jason
[Image]
[I'm an image]
Iâll trade ya
Itâs a done deal! Kinda...
Just before finding time to back those articles of impeachment everyone seems to be talking about (more on that later), Speaker of the House Nancy Pelosi gave the green light to a new version of a long-disputed trade deal between the US, Canada, and Mexico.
The House will [vote on]( the US-Mexico-Canada Agreement (or USMCA for those of us whose fingers tire quickly) early next week. And with Pelosi's backing, there's a good chance it passes.
The USMCA-what now?
The agreement between the three North American nations will replace NAFTA and lays the groundwork to help create more manufacturing jobs in the western hemisphere.
In doing this, the US, Canada, and Mexico will generate more of the materials used to build cars and trucks right here in North America, thus reducing the duties paid on importing products from *gulp* China. In business, we call that a win-win.
Right-wingers have been onboard with a reworked NA trade agreement for a while now, but Democrats were concerned that it was unenforceable... until today.
Speaking of trade agreements...
With the December 15th tariff deadline looming over US-China trade talks, we've reached full-blown clusterf*ck status. That's an official government label, by the way.
According to [reports]( on Tuesday morning, both the US and China indicated that Sunday would not be the final deadline for coming to a deal. The main point of contention between the nations lies in a commitment by China to buy US farm products, as insisted upon by President Trump.
A different story
Donny's White House is telling a different story, however. According to White House financial advisor Larry Kudlow, those December 15th talks are [still very much on the table](. According to Kudlow, tariffs could still kick in on Chinese imports on Sunday, driving the divide even further. Siri, wake me up when they've got this thing figured out...
The bottom line...
A new USMCA deal is not only good for manufacturing, but for tech companies as well. The new deal would allow for data to be shared freely across borders, allowing for more open communication.
As for China, until we get a solid answer on what's happening on Sunday, it's anybody's guess as to how this will shake out. Godspeed, markets.
[I'm an image]
ââIâm rich, b*tch.â - everyone besides you when a company goes public
Itâs true, you guys... you donât need to be a VC playboy to profit off of IPOs.
Ben Sturgill built the [IPO Pay Day strategy]( to make it literally impossible to not profit from IPOs.
[TELL ME MORE](
[I'm an image]
âï¸ Peddle faster, John Foley! Peloton [shares dropped 6%]( on Tuesday after a short-seller note from Citron Research stated there are âclear flawsâ in the companyâs business model. You mean to tell me a stationary bike that costs $3,000 (when I can go ride my Huffy outside for free) is a bad plan? According to the note, the company has not innovated since incorporating the interactive class into its product, and competitors are starting to create similar products that are more affordable.
âï¸ IN THIS HOUSE, WE... announce two articles of impeachment against the President. The House Judiciary Committee [will pursue two articles]( of impeachment, one that accuses Donny Politics of abuse of power by allegedly soliciting election interference with Ukraine and the other which alleges that Trump obstructed Congress by preventing nine officials to testify. Speaker Pelosi needs 216 of the 435 representatives (233 being Dems) in the House to vote in favor of passing the articles to the Senate. Canât wait to talk about this at Christmas dinner.
âï¸ A seller's market. SoftBank is considering selling some of its Alibaba shares in order to fund its share repurchase program. This would be done in an effort to increase SoftBankâs stock price, which is up 16% YTD, [compared to Alibabaâs increase]( of 45% on the year. According to Jefferies Group, the Softies are likely to fund another round of buybacks in mid Q1 2020 with further sale of its Alibaba investment.
âï¸ Combo No 5. McAfee, which is owned by Intel and a couple of private-equity firms, [is considering a combination]( with NortonLifeLock. Thereâs no guarantee that a deal will be struck before Q2 next year, as six of Nortonâs 12 directors plan on leaving the company after its annual meeting on December 19th. Talk about an extended Christmas break.
âï¸ A slow ascent. Boeing has had a rough year⦠but it looks like the troubled big old airliner maker might be ending on a high note. Boeing [recorded a net increase]( of 11 commercial airline orders, marking the first time since January that figure rose from the previous month. For reference, Airbus recorded 219. Juuust a bit off.
RagingBull, LLC
62 Calef Hwy. #233, Lee, NH 03861
Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of this website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information included on this website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that owners, employees and writers of and for RagingBull.com, LLC may have long or short positions in securities that may be discussed on this website or newsletter. Past results are not indicative of future profits. This table is accurate, though not every trade is represented. Profits and losses reported are actual figures from the portfolios Raging Bull manages on behalf of RagingBull.com, LLC.
If you no longer wish to receive our emails, click the link below:
[Click Here to stop receiving emails from support@ragingbull.com](
[Unsubscribe from all RagingBull emails](