Whew. Talk about a whiplash morning.
Jim Cramer's tackling the U.S.-China trade war and his thoughts on the tariffs being pushed back to December 15.
What's Going on With the Trade War?
We got some positive news about the trade war.
Here's what's going on.
The USTR said it will delay tariffs on several items in the basket of $300 billion in consumer goods that are made in China and sold in the United States, which were set to rise to 10% on September 1, until at least December 15. Cell phones, video game consoles, certain toys, and footwear will get the short term exemption, the USTR said and will publish a list of the tariff lines affected on its website later today, reported TheStreet's Martin Baccardax.
Time to Get Into Gold?
Gold hit a six-year high.
And Cramer still thinks that you should put some money into gold.
What's Going on With Cannabis?
Bruce Kamich, Real Money contributor, took a look at Tilray's chart ahead of earnings.
Here's Kamich's takeaway, "With TLRY going down eight months and many cannabis bulls in retreat or wounded, I would guess (yes, guess) that an upside move is not expected."
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