Stocks React to Trade Talks Indication as Walmart Surges
U S and China plan first trade discussions in months signaling potential progress in ending their trade war. Walmart soars 9.3 percent after reporting strongest sales in over a decade while energy and basic goods makers advance. Dow up 396 points, S P 500 gains 0.8 percent.
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Ford to invest 738 million in Corktown redevelopment plan
Ford will invest about 738 million dollars to renovate Michigan Central Station and four other Corktown sites in Detroit including the Book Depository and former factories. Ford Land seeks 250 million in incentives to support the five site project, part of a tech campus aimed at self driving vehicles and local job growth. Neighborhood leaders welcomed the plan noting community input will guide future development.
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Kudlow touts Trump boom claim amid growth debate
Kudlow argues the economy is in early innings of a powerful expansion and could accelerate, calling mainstream forecasts nonsensical. Analysts, however, expect growth to slow toward 3 percent this year as tax cuts, spending, and Fed rate hikes fade, despite the current strong job market and stock near highs.
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