Stocks climbed yesterday after the U.S. decided to delay tariffs on certain Chinese goods. The United States Trade Representative said certain products including clothing and cellphones are being removed from the tariff list based on “health, safety, national security and other factors” The S&P 500 rose 1.48% and the Nasdaq was 1.95% higher. Apple which surged more than 4%. (FT)

 

Yesterday the yield on the 10-year Treasury broke below the 2-year rate, an odd bond market phenomenon that has historically been a reliable indicator for economic recessions. (CNBC)

 

CBS and Viacom have agreed to merge, ending years of talks. The new company will be called ViacomCBS. (WSJ)

Airbnb has settled a lawsuit alleging the site allowed vacation rental owners who use the site to discriminate against customers based on race. (OregonLive)

 

Semiconductor equipment company Edwards Vacuum in Hillsboro is expanding its workforce by 100 employees, to 250. (OregonLive)

 

Troy Reinhart
Northwest Quadrant Wealth Management