Guess who’s back, back again?

[The beef 675] [I'm an image] “Never thought you’d miss trade tensions, did you?” - Jason Hey there carnivores, Markets went bananas on Wednesday reaching new “post corona” highs. And today we’re talking about reignited trade tension between the US and China. Keep raging, Jeff & Jason [Image] [I'm an image] From bad to worse The US and China picked up right where they left off in their economic d*ck measuring contest on Wednesday. The Stars and Stripes told China (and Hong Kong) that it [no longer considers]( the Special Administrative Region (that's HK, for the record) autonomous from China. Why? Well the US believes that a national security law imposed by China on HK isn't kosher. So what's really happening here? The US is flexing its economic muscle and sending a message to Xi Jinping: if you treat HK like China, we're going to treat HK like China (and we mean that in the worst way possible). You see, if the US doesn’t consider Hong Kong a separate entity, it can, in theory, impose the same sanctions and tariffs that mainland China faces. Until now HK which is technically (but not really, if we're being totally honest) a separate entity from China was exempt from many of these economic penalties. And since HK acts as a hub for foreign capital that Chinese companies love, this could be devastating for the Chinese Communist Party. But Xi ain't no simp. China announced that if the US were to impose any sanctions on Hong Kong that it would retaliate with sanctions of its own. So, Trade War Part...is anyone keeping track anymore? Meanwhile, in North America… Canada agreed to [continue]( with US extradition proceedings for Huawei CFO Meng Wanzhou. Meng, the daughter of Huawei founder Ren Zhengfei, has been under house arrest after being apprehended in Vancouver at Uncle Sam's request due to allegations of her conspiring to violate the US' sanctions on Iran. Huawei has been blacklisted by the US for stealing technology and defense secrets and sending them directly to Beijing. And you know the US doesn’t take kindly to spying. Isn't that right, Benedict Arnold? Anything else? Well, yes, actually. On Wednesday the US House of Reps voted overwhelmingly to sanction Chinese officials for their role in human rights abuses in the country against Muslim minorities. Oh, and last week the US Senate [passed legislation]( that could ban Chinese companies from being listed on US exchanges if they fail to adhere to US securities laws. When it rains it pours. The bottom line... The good news? As of last Friday China [indicated]( it planned to hold up its end of the bargain on the Phase 1 trade deal. The only problem? Most economists don't believe that China would actually be able to purchase the $200B worth of goods over (over two years) from the US it has promised. So, there's that. The bottom line? Don't expect that Phase 2 deal any time soon, you guys... [Image] Sometimes Heroes Do Wear Capes Join Jeff Williams This Afternoon May 28th at 3pm ET—LIVE [Alternate text]( For A Real-Time Stock Scan Aimed At Catching Tomorrow’s Fast Mover—Today [Register Now]( [I'm an image] ☑️ Deep cuts only. SoftBank [is cutting 10% of its workforce](, all within its Vision Fund. The fund currently employs about 500 people, with the majority of the workforce in its London office. ICYMI, the $100B fund produced a loss of $17.7B last year after it wrote down its investments in Uber and WeWork. It has been busy as of late, planning to sell $42B in assets to finance stock buybacks. Additionally, it’s looking to sell off $20B of its T-Mobile stake, [with a portion]( to be potentially bought by Deutsche Telekom to push its 43.6% holding into the majority. Any takers? ☑️ 25 Dow-sand. Honey, get the DOW 25k hats out of the closet... again! The markets [had themselves a day yesterday](, with the Dow and S&P crossing important milestones (aka big, round numbers). Investors remained optimistic as states continue opening for business, and weren’t too turned off by the rising tensions between China and the US. The Dow closed above 25.5k, on the backs of JPMorgan’s 5.79% gain and Boeing’s 3.37% jump. The S&P closed above 3k led by Discover Financial (+11.2%) and retailer Capri Holdings (10.9%). ☑️ No boarding. Boeing is laying off 6.7k employees, in addition to the 5.5k that have agreed to leave voluntarily. I swear the breakup was mutual. The airliner [has a goal]( of reducing its workforce of 160k by 10% in an effort to decrease costs. That’s 16k for those who’ve run out of fingers and toes to count on. The coronavirus has reduced demand for air travel, but it’s not like the airliner maker was flying high beforehand. The company's 737 Max had been grounded since March 2019, after two fatal crashes that resulted in 346 deaths. It raised $25B last month through bond offerings in an effort to get through the turbulence of COVID-19 without federal funding. Ladies and gentlemen, the captain has turned on the fasten seatbelt sign. ☑️ Another one. Maybe DJ Khaled was [talking about streaming services]( this whole time. HBO Max [made its debut yesterday](, joining the already crowded field of streaming services for cable cutters. If only there was a service that offered all the channels. The enhanced version of HBO GO went live without a ‘Friends’ reunion, and a ‘Game of Thrones’ prequel is still in the pipeline. However, the streaming service does have 10k hours of movies and TV shows, including classics such as ‘Wizard of Oz’ and ‘Fresh Prince of Bel-Air’. And while it’s pricier than the majority of its competitors at $15 per month, it’s free for existing HBO customers. It is also free if you have your ex’s mom's boyfriend's HBO login. 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. 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