Another day, another trade headline.
Jim Cramer is out Monday, October 14.
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS portfolio, is filling in.
President Trump on Friday hailed the partial agreement his trade team reached with Chinese officials in Washington as "by far, the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country" and said a formal signing ceremony will likely happen in the next four to five weeks.
Trump highlighted what he said was a pledge by China to buy as much as $50 billion in U.S. agricultural products, starting "immediately," while noting that progress was made on issues such as alleged currency manipulation and intellectual property theft.
Treasury Secretary Steven Mnuchin, however, described the accord reached Friday as more of a "fundamental understanding on the key issues," telling reporters that "we will not sign an agreement unless we get and can tell the president that this is on paper." China's state-backed news outlet Xinhua would only say the two sides "agreed to make the efforts towards a final agreement."
With China's hesitancy to say that the U.S. and China have met any sort of a trade deal, what should investors do?
Are these withdrawals enough to make investors nervous?
What's Going On Over at Boeing
Real Money Stock of the Day Boeing announced that its board has separated the roles of CEO and chairman, both of which had been held by Denis Muilenburg.
Muilenburg will continue as CEO while lead director David Calhoun has been named chairman
Splitting the CEO and chairman roles "will enable Muilenburg to focus full time on running the company as it works to return the 737 MAX safely to service, ensure full support to Boeing's customers around the world, and implement changes to sharpen Boeing's focus on product and services safety," the company said in a statement.
Is this a sign that Boeing's board is growing tired of the ongoing controversy with the 737 MAX?
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