How Trump tariffs on China and Mexico could hurt US economy. Asian stocks trail US rise on US-Mexico trade deal optimism. After a delay, gold shines as trade battles hit stocks.
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The Early Bird Newsletter

Monday, June 17th

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How Trump tariffs on China and Mexico could hurt US economy
Politics

How Trump tariffs on China and Mexico could hurt US economy

Ten billion here, ten billion there: President Donald Trump's escalating tariffs on imports to the United States have begun to amount to serious money — and potentially to imperil one of the most resilient economies in American history. Until now, the economy has largely shrugged off ...

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Tommy Kalikas
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Asian stocks trail US rise on US-Mexico trade deal optimism

Asian shares were mostly higher Friday on investor optimism about a possible trade deal between the U.S. and Mexico before tariffs take effect. Japan's Nikkei 225 gained 0.5% to finish at 20,884.71, while Australia's S&P/ASX 200 rose nearly 1.0% to 6,443.90. South Korea's Kospi in...

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After a delay, gold shines as trade battles hit stocks
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After a delay, gold shines as trade battles hit stocks

Gold is shining again as investors scramble for safety amid the widening global trade war. The price of gold has climbed nearly 5% since May 21, while markets around the world fell. Last week was the best of the year for gold after President Donald Trump surprised markets by threateni...

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Mike Pence
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VP Pence touts trade pact benefits in Pennsylvania stop

Vice President Mike Pence dropped in Thursday on the presidential battleground state of Pennsylvania, where he toured a maker of packaging robots and urged Congress to pass a new trade pact with Canada and Mexico to benefit Pennsylvania's manufacturing sector. Pence predicted the trad...

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Michael Pistillo, David Haubner
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Markets Right Now: Stocks post 3rd straight day of gains

The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are rising for a third straight day as investors hope U.S. and Mexican officials can reach a deal that avoids tariffs on goods from Mexico. One report said the U.S. could ...

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Plant-based burger maker Beyond Meat beats forecasts in 1Q
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Plant-based burger maker Beyond Meat beats forecasts in 1Q

Beyond Meat went beyond expectations in its first earnings report since its stock market debut last month. The plant-based meat maker's shares soared after it beat Wall Street's first quarter earnings and revenue forecasts. Beyond Meat also said it expects full-year revenue to hit $21...

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Hiroto Saikawa
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No-say Nissan had tech that drove Fiat Chrysler-Renault idea

Nissan wasn't consulted on the proposed merger between its alliance partner Renault and Fiat Chrysler, but the Japanese automaker's reluctance may have helped bring about the surprise collapse of the talks

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Mexico's tequila exporters warily eye US tariffs deadline
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Mexico's tequila exporters warily eye US tariffs deadline

After decades of building a domestic market for Tequila Cascahuín, Salvador Rosales readied the family business for a plunge into the U.S. export market this year. He made sure he had a stable supply of high-quality blue agave, the succulent whose juice is distilled into tequila, so that once they p...

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Marcelo Ebrard
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The Latest: Pence says Mexico tariffs still set for Monday

The Latest on Mexican-U.S. talks on President Donald Trump's threatened tariffs (all times local): 5:20 p.m. Vice President Mike Pence says the U.S. is "encouraged" by Mexico's latest proposals to head off U.S. tariffs by stepping up efforts to halt illegal immigration ...

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Europe shows challenges for US regulators targeting Big Tech
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Europe shows challenges for US regulators targeting Big Tech

As U.S. authorities prepare to investigate Silicon Valley's digital giants, they'll look for inspiration — and warnings — from Europe, where regulators have led global efforts to rein in Big Tech with only mixed results. The European Union's executive commission has slapped Google wit...

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Scott Morrison
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Australian PM: WTO needs mending to keep up with the times

Australian Prime Minister Scott Morrison said Friday that the World Trade Organization needs mending to keep up with the times. Morrison said many leaders attending the Group of 20 summit in Osaka later this month share the view. "There is a strong consensus about the n...

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San Francisco-Oakland Bay Bridge Traffic
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Automakers urge California, US to restart mileage talks

Major automobile manufacturers urged the Trump administration and California on Thursday to restart negotiations over vehicle mileage standards to prevent a lengthy legal battle, warning that moving ahead with two sets of standards would create instability in the auto market. "What wo...

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Michael Bloomberg to plunge $500M into clean energy effort
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Michael Bloomberg to plunge $500M into clean energy effort

Former New York City Mayor Michael Bloomberg is plunging $500 million into an effort to move the United States to a 100% clean energy economy and close all of the nation's remaining coal plants by 2030

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The Early Bird is a daily email newsletter powered by MarketBeat that covers the top stories that will impact the stock market each day. Read your copy every morning at 7:00 AM Eastern so that you can "catch the worm" when the market opens.

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