Manage episode 246200093 series 2508762
Stalemate snag…trade talks between the U.S. and China hit an impasse with Beijing missing industrial output and retail sales expectations in October. In the U.S., Federal Reserve chairman Jerome Powell dismisses President Trump’s call for negative rates, telling Congress that the move would be ‘inappropriate’ for the robust American economy. Media giant Disney’s shares soar, contributing to three-quarters of the Dow’s record gains after its new streaming service Disney+ garners 10 million subscribers on the day of its launch. Not to be outdone, the S&P 500 posts its 20th record day of trade in 2019, one of its best calendar years in decades.