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Need to Know: A U.S. recession will knock this asset class hard, says Steve Eisman of ‘The Big Short’ fame

China “broke” trade negotiations (and stock-market momentum)

That’s the gist of what President Trump told a cheering crowd in Florida — China breached its early promises during monthslong negotiations and that’s why they’ll be paying higher tariffs this Friday. The president’s statements come as the country’s chief negotiator Vice Premier Liu He and his team head to Washington for two-day talks, where the outcome is uncertain.

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