Vantagepoint Investment Advisers CIO Wayne Wicker on the state of the markets and the potential impact of Federal Reserve policy.
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Mnuchin said Wednesday in an interview on CNBC that a U.S.-China trade deal was nearly 90 percent done before talks collapsed, but he remains hopeful talks will get back on track.
MORE FROM FOX BUSINESS.COMMNUCHIN; US-CHINA TRADE DEAL WAS 90 PERCENT DONE BEFORE SETBACKWAYFAIR EMPLOYEES PLAN WALKOUT OVER $200K FURNITURE ORDER TO IMMIGRATION DETENTION FACILITYTHESE ARE THE MOST UNDERVALUED CITIES IN THE US THIS YEAR, STUDY SAYS
In an interview with Maria Bartiromo on FOX Business, Trump said he would do additional tariffs if the two nations cannot make a deal. He added that his Plan B for China is to take in billions and billions in tariffs.
The debates are being held in Miami and are split into two nights. They will start at 9 p.m. ET and end at 11 p.m. ET both nights.
Micron Technology jumped after saying it had resumed some shipments to Chinese telecoms equipment maker Huawei Technologies and still expected demand for its chips to recover later this year. Other chipmakers rose.
General Mills slipped after the food packaging company missed quarterly sales estimates, hurt by lower demand for its snacks in North America.
In Asia on Wednesday, China's Shanghai Composite slipped 0.2 percent, Hong Kong's Hang Seng added 0.1 percent and Japan's Nikkei lost 0.5 percent.
European markets closed mixed. London's FTSE slipped 0.1 percent, Germany's DAX added 0.1 percent and France's CAC lost 0.3 percent.