The market was up until this:

[Mike 03]

#BREAKING Trump says no need for China trade deal before 2020 election

From the AFP News Agency.

Now the Dow is down 114 points. It's a straight drop. I'd post the chart if I knew how.

[gratuitous]

1. Dropped right off the table, didn't it?

https://www.msn.com/en-us/money/indexdetails/dji-dji/fi-a6qja2

[Mike 03]

2. Yup. Thank you for posting this! Now down 128.

[malaise]

3. Yep

https://www.google.com/search?q=dow+live&oq=dow+live&aqs=chrome..69i57j0l5.3265j1j4&sourceid=chrome&ie=UTF-8

[Iliyah]

4. Read China representatives left the building . . .

Sounds like the great negotiator and his crew couldn't make a deal.

[SergeStorms]

14. After saying this morning...

that China was already making large purchases from farmers. What a dunce!

[Celerity]

5. cliff-edge a la Rump

[Sneederbunk]

6. At least he has come to the conclusion that China is waiting him out.

He had better hope China does not help Dem candidate.

[customerserviceguy]

7. When you've got an economy

where much of the Dow Jones is built on making cheap crap in China, and Americans are only good for buying stuff, then, yeah, this is going to happen.

[thegoose]

8. Fake failed businessman

No surprise. And this bloated orange fuck has his finger on the nuclear button!

[Johnny2X2X]

9. China has all the Power because their leaders don't answer to anyone

China will make Trump beg for a deal so he can get re-elected. He will give them the farm.

China will get a better deal from Trump than any Democratic President because he's so desperate.

Trump and his team has no understanding of the Chinese way of negotiations. Trust and strong personal relationships are of the utmost importance although China is also very pragmatic. At some point they'll just write Trump off and then actively work to make sure they have a sane US President to negotiate with next year.

Best case scenario for Trump is he signs one of the worst trade deals in history with China, a deal that will give them everything and make him look with a magnifying glass to find 1 thing he can brag about. Worst case scenario is China decides they are going to tank the World economy to get rid of Trump.

China canceled a Mid west farm tour, this led to the drop as much as Orange Shitstain's statement.

[ooky]

10. AKA "leverage".

A concept Trump has repeatedly try to buck in so many of his failed negotiations.

[Wellstone ruled]

12. Bingo,

several of our Farmer acquaintances were counting on this meeting to happen a produce some type of Sales Contract even at give away prices.

Noticed that zero reporting on the Corn and Beans that are already in the bins. My guess is,we will see Grain Piles all over the Midwest.

[jeffreyi]

11. Gee, imagine having the power

to short the market, just like that. Open corruption.

[elleng]

13. I don't have 'before,'

but here's current:

S&P 500
-0.35%
Dow
-0.40%
Nasdaq
-0.70%

[Liberal In Texas]

15. I was wondering what the sudden turn-around was about. n/t

[Scalded Nun]

16. This up and down is bullshit anyway

These guys make money regardless of which direction it goes. Screw investors.

With a surcharge, etc, or whatever you want to call it in place there would be less of this and the money would go for education, M-for-all, etc.

[Blue_true]

20. Anyone who was not out of the market 7-9 months ago are going to get screwed.

The market has bounced up and down within a small range, the marketmakers and big Hedge Funds make money off that, but the average 401K holder does not. The problem is the massive downside risk at this point, and the economy is starting to tilt to the downside pretty steadily.

[Moral Compass]

17. What an idiot...

Remember when this yutz said “trade wars are easy to win.”

He’s saying this because he now knows there won’t be a trade deal. Not ever.

The damage is already permanent. From an the perspective of agriculture China will not resume buying from the US when this is all over. The reason that Brazil is burning the Amazon is because China’s market just opened for all the soybeans Brazil can grow.

His idiocy has not only severely damaged the US farm industry but is permanently damaging the world.

We may not be able to recover from this old man’s stupidity.

[onethatcares]

18. I hadn't thought of that

Pretty much a win win win for China, they get access to an expanded source of food, meanwhile they get access to a large consumer base.

problem is, will the mid west farmers care or is it all mega corporate farms that are in the mid west and have the real pull due to Citizens?

Gaud, just more questions, no matter where i start.

[Wounded Bear]

19. The bankruptcies and buyouts have already started...

The independents are going under and Big Ag is swooping in to pluck off the "losers."

Another round of inroads on the family farm.