🇺🇸 🇨🇳 TODAY: President Trump confirms the US is in an active trade war with China, stating "We're in one now." https://t.co/ckI9E47NQl ...

Market Overview - The market finished slightly in the green, with the S&P 500 approaching 6700, and the NASDAQ up about 0.7% [5][3] - The semiconductor sector showed strong performance, increasing nearly 3% [2][3] Company Earnings - United Airlines reported a third-quarter adjusted EPS of $2.78, beating estimates of $2.66, with CapEx at $6 billion and operating revenue meeting expectations [6][7] - The outlook for United Airlines indicates a fourth-quarter adjusted EPS of $3 to $3.50, surpassing the street's expectation of $2.82 [8][11] - J.B. Hunt's third-quarter EPS was $1.76, exceeding expectations by $0.30, with total revenue of $3.05 billion, also above the forecast [23][24] Individual Stock Performances - Advanced Micro Devices (AMD) stock rose about 9% after HSBC raised its price target from $185 to $310 [15] - Bank of America and Morgan Stanley saw stock increases of approximately 4.5% and 4.7%, respectively, driven by strong earnings and increased investment banking activity [16] - Papa John's Pizza stock increased over 9% following a bid from Apollo Global to take the company private at $64 per share [18] Economic Context - The market dynamics are influenced by ongoing trade tensions between the U.S. and China, particularly regarding rare earth minerals [3][4] - The Federal Reserve's Beige Book indicated a K-shaped economy, with some consumers continuing to spend on services despite broader economic uncertainties [11][12]

BREAKING: 🇺🇸 🇨🇳 PRESIDENT TRUMP SAYS WE ARE IN TRADE WAR WITH CHINA. https://t.co/T8UDQQbJnu ...

John, that's right. The president took questions from reporters in the Oval Office just a couple of moments ago. A couple of items for our audience that I think are important to focus on.One is uh the president said that uh leader Modi of India has assured him uh that he is going to stop buying Russian oil. So no additional details on that but that might be geostrategically something to watch. Is Modi saying uh he's no longer going to p purchase Russian oil at least according to President Trump.That convers ...

As China and America clash over trade, cracks emerge in each side’s position https://t.co/IZJeDBsquF ...

When are midterms again?Watcher.Guru (@WatcherGuru):JUST IN: 🇺🇸🇨🇳 President Trump says the US is in a trade war with China. https://t.co/vxmNCjOq4H ...

someone please jail this guy jesus christ manzerohedge (@zerohedge):*TRUMP: WE'RE IN A TRADE WAR WITH CHINA NOW ...

RT BRICS News (@BRICSinfo)BREAKING: 🇺🇸🇨🇳 President Trump officially declares the US is "in a trade war with China." https://t.co/oqy8flVS6n ...

Core Insights - Stocks linked to agriculture, soybeans, and cooking oil have seen significant increases following President Trump's announcement of potential business terminations with China related to cooking oil and trade as a response to China's refusal to purchase American soybeans [2][3][6] Company Performance - Pinnacle Food Group Limited (Nasdaq: PFAI) stock rose over 77% - Sadot Group Inc. (Nasdaq: SDOT) stock increased over 87% - Australian Oilseeds Holdings Ltd. (Nasdaq: COOT) stock surged over 260% during midday trading [3] Industry Context - The recent stock performance is part of a broader trade and tariff conflict between the U.S. and China, which has escalated with new restrictions on rare earth mineral exports vital for U.S. technology and defense sectors [5] - Trump's administration has indicated a willingness to impose 100% tariffs on Chinese goods, citing economic hostility from China regarding soybean purchases [6][8]

Core Points - The U.S. government officials are concerned about China's increasing control over rare earth materials, which they describe as a "global power grab" [1] - There is a recognition of the potential for a positive economic relationship with China, despite current tensions [2] - The U.S. trade representatives emphasize the need for a more balanced trade relationship with China, highlighting the risks involved [4] - Recent actions by China to expand rare earth export controls have escalated tensions, leading to fears of a renewed trade war [4] - President Trump has threatened to impose significantly higher tariffs on Chinese goods, which has caused instability in financial markets and U.S.-China relations [7] - A lower-level Chinese trade official previously warned that China could "unleash chaos" on the global system in response to U.S. actions [9]