Dow Closes Lower as Trade Tensions Weigh on Markets
Stocks nationwide fell on Monday as the Dow dropped about 390 points and the S&P 500 slid 1.2 percent, led by tech and financial shares. Bond yields fell as investors sought safety, while gold rose and volatility kept traders cautious amid U.S.-China tariff tensions and signals of a slowing global economy.
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U S Ready to Talk Brexit In Pieces Says Bolton
U S national security adviser John Bolton said Washington is open to a piecemeal post Brexit trade deal with Britain to speed talks, starting with areas of likely agreement. He met with Prime Minister Boris Johnson in London and discussed Brexit Iran Hong Kong and 5G, while Huawei concerns may wait until after Brexit.
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CBS Viacom merger nears with likely all stock deal
CBS and Viacom near a final merger pact in an all stock transaction valued near 19 billion. The combined group would be led by Viacom’s Bob Bakish as CEO and Shari Redstone as chair with CBS absorbing Viacom assets including MTV Comedy Central Nickelodeon BET and Par amount Pictures.
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