Today is the 27th of August and I turn 50 tomorrow, but below are other items of less interest.
1-New optimism in US-China trade war felt on Wall Street
Asian shares traded mostly higher on Tuesday, following a rally on Wall Street. Traders are cautiously optimistic again about the potential for progress in the costly trade war between the U.S. and China. Japan’s benchmark Nikkei rose 1.2 percent, Hong Kong’s Hang Seng rose at first but reversed course and was down nearly 0.2 percent and China’s Shanghai Composite was up 1.1 percent. U.S. equity futures were searching for direction Tuesday morning. Monday’s rally on Wall Street got its start early after President Trump said his negotiators had received encouraging calls from China on Sunday, though China’s foreign ministry denied knowledge of any such calls.
DML: Lets get back to America and stop doing press conferences for a week. Watch the market rise.
2-Struggling 2020 Democrats fume at DNC
With the deadline to qualify for next month’s third round of Democratic presidential debates closing in, the Democratic National Committee is facing an angry chorus of criticism from the candidates not likely to make the cut. At issue is the DNC’s criteria for the contenders to take part in the prime-time showdown, including contributions from 130,000 individual donors and reaching at least 2 percent in four qualifying polls.
DML: Rep. Tulsi Gabbard of Hawaii, Montana Gov. Steve Bullock, Sen. Michael Bennet of Colorado were among the candidates complaining about the DNC’s process. If you’re asking yourself, “WHO?”, you’re obviously not alone.
3-Epstein accusers expected to speak at hearing
Up to 30 of Jeffrey Epstein’s alleged victims could take a judge up on his invitation to speak at a hearing Tuesday. U.S. District Judge Richard Berman, who presided over the sex trafficking case prosecutors brought against Epstein, scheduled the hearing after prosecutors asked that he toss charges against Epstein because of his death.
DML: These are brave ladies. Pray for them.
4-Johnson & Johnson ordered to pay $572M in opioid case
An Oklahoma judge found Johnson & Johnson and Janssen Pharmaceutical Companies liable for stoking the opioid crisis in the state and said the company must pay $572 million, far less the $17 billion that the state was seeking. Judge Thad Balkman, of Cleveland County District Court in Norman, Oklahoma, is the first judge to rule in the opioid cases brought to trial by thousands of state and local governments against opioid manufacturers and distributors. His precedent-setting ruling was being closely watched as 2,000 other pending suits await to be heard before a federal judge in Ohio in October. J&J said it plans to appeal Balkman’s ruling and that the decision was “flawed.”
DML: These companies are sinful. I love this ruling.
5-Miley Cyrus stuns at MTV VMAs with emotional first performance since Hemsworth split
Miley Cyrus made a huge statement during an emotional performance at the 2019 MTV Video Music Awards. The pop star took the stage Monday evening at the Prudential Center in Newark, N.J. to perform her latest single “Slide Away,” which many believe to be about her 10-year relationship with estranged husband, actor Liam Hemsworth.