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Breaking Down the Trade Talks, Nike Earnings, Apple, and the Bank Stress Tests

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The Trade Talks

President Xi and President Trump are gearing up to meet on the sidelines of the G20 summit in Japan.

There's a lot of uncertainty about whether or not we're going to get a trade deal from the meeting. 

In fact, Jonathan Corpina, a trader on the floor of the NYSE, warned TheStreet earlier this week that investors should keep in mind that next week is a low volume, high volatility week.

Nike's Earnings

Nike (NKE) - Get Nike Inc. Report posted earnings after the bell Thursday.

The company posted fiscal fourth-quarter earnings of 62 cents a share, falling short of analyst expectations of 66 cents. The miss is very rare for Nike, and it's been attributed to marketing costs.

Revenue rose 4% to $10.2 billion, just ahead of forecasts of $10.16 billion. Sales in China surged 15.5% to $1.7 billion.

Apple's Chief Design Officer Is Departing

Is it the end of an era?

Jony Ive, Apple's Chief Design Officer, is leaving Apple. Ive has been with Apple since the early 1990's, meaning that he's a Steve Jobs-era employee. 

His work includes the iMac, the iPhone, iPod and Apple's interface design.

And, of course, the Apple Park. 

Bank Stress Tests

All 18 major Wall Street banks passed the Fed's stress tests.

That includes banks like JPMorgan (JPM) - Get JP Morgan Chase & Co. Report , Bank of America (BAC) - Get Bank of America Corporation Report , Citigroup (C) - Get Citigroup Inc. Report , and Goldman Sachs (GS) - Get Goldman Sachs Group Inc. (The) Report .

The banks were cleared to pay out billions of dollars of capital to shareholders as dividends and stock buybacks after the Fed declared that they could survive a severe recession with the financial strength to spare.

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