Andersen Capital Management’s Peter Andersen on discusses the broader economy and the markets with FOX Business’ Maria Bartiromo.
U.S. stocks are trading higher to start the week.
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Investors are looking toward the upcoming U.S.-China trade talks to help reduce tensions of a trade war that is damaging the global economy.
Optimism about an interest rate cut and talks between the U.S..and China, helped the S&P 500 index hit a record high last week.
Later this week, President Trump and Chinese President Xi Jinping are expected to meet at the G-20 summit in Japan.
The tensions between the U.S.and Iran remain after Tehran shot down an American drone last week.
Trump said on Sunday he was not seeking war with Iran after a senior Iranian military commander warned any conflict in the Gulf region could spread uncontrollably and threaten the lives of U.S. troops.
U.S. casino operator Eldorado Resorts has agreed to buy Caesars Entertainment in a $17.3 billion cash-and-stock deal, including debt. Eldorado will acquire all of the outstanding shares of Caesars for a total value of $12.75 per share, consisting of $8.40 per share in cash consideration and 0.0899 shares of Eldorado common stock for each Caesars share of common stock.
Bristol-Myers shares fell after the drugmaker said its planned $74 billion deal to buy drugmaker Celgene was expected to close at the end of 2019 or beginning 2020. That is later than originally expected.
Asian markets on Monday started the week with gains. China's Shanghai rose 0.2 percent, Hong Kong's Hang Seng added 01. percent and Japan's Nikkei also added 0.1 percent.
Markets in Europe finished the day mixed. London's FTSE closed up 0.1, Germany's DAX fell 0.5 percent and France's CAC was off 0.1 percent.