Tim Francisco <
[email protected]> GOOD MORNING: 10/02/18 Farm Direction Van Trump Report 2 messages Kevin Van Trump <
[email protected]> Tue, Oct 2, 2018 at 6:18 AM To: Kevin Van Trump <
[email protected]> Bcc:
[email protected] "The most beautiful people we have known are those who have known defeat, known suffering, known struggle, known loss, and have found their way out of the depths. These persons have an appreciation, a sensitivity and an understanding of life that fills them with compassions, gentleness, and a deep loving concern. Beautiful people do not just happen." – Elizabeth KublerRoss TUESDAY, OCTOBER 02, 2018 Printable Copy or Audio Version Morning Summary: Stock are slightly lower this morning. Bulls are still celebrating the new trade deal with Canada, while stock bears continue pointing to an underestimated and perhaps longerterm trade battle with the Chinese. Both President Trump and Chinese officials say they remain a long ways away from a compromise and negotiations could be ongoing. I don't know if it's true, but there was a report circulating yesterday that China has reportedly canceled an annual security meeting with Defense Secretary James Mattis amid heightening tensions. I'm also hearing that Vice President Pence is expected to give a speech this week laying out the Trump administration's concerns with China's behavior in recent years and why we must make a stand to change the current trajectory. Goldman Sachs and a few other large investment firms worry that the real risk is U.S. profit growth and margins eventually being pressured if the trade battle continues or further deteriorates, which many suspect could easily happen.