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The ceasefire between the United States and China has set off a huge celebration on Wall Street.The Dow soared about 400 points at Monday's opening bell after China and the United States reached a temporary trade truce. It's a big relief because the damaging trade war between the world's two largest economies was set to deepen in January.The Nasdaq and the S&P 500 climbed more than 1% apiece."A truce is definitely better than an escalation of hostilities," Kit Juckes, strategist at Societe Generale, wrote to clients on Monday.Juckes said that even though investors may doubt the substance of the US-China agreement, "this morning's response reflects relief and a desire to pick up some last-ditch bargains."The relief rally comes after the S&P 500 spiked nearly 5% last week, its best since December 2011. That rebound was triggered by hopes of progress on the trade front and a speech by Federal Reserve chief Jerome Powell that investors interpreted as a signal the central bank will not rush to raise interest rates."The China trade situation is the keystone in the arch of agita," said Sam Stovall, chief investment strategist at CFRA Research.The progress on talks with China means "now we have a very good chance of experiencing a Santa Claus rally," said Sam Stovall, chief investment strategist at CFRA Research.It wasn't just US markets celebrating. Major indexes in Hong Kong and Shanghai surged more than 2.5%. And markets in London, Frankfurt and Paris climbed 2%. Commodities also raced higher. Copper and soybeans rallied. US oil prices, boosted by hopes of an agreement by Russia and Saudi Arabia to cut output, surged 4%.After meeting on Saturday, US President Donald Trump and Chinese President Xi Jinping agreed to hold their fire on tariffs while they try to reach a trade deal. Trump agreed not to raise the 10% tariffs on 0 billion worth of Chinese goods for now. Those tariffs had been scheduled to automatically rise to 25% on January 1. And China said it would be willing to purchase a "very substantial" amount of agriculture, energy and other US products.Still, some analysts warned that the celebration on Wall Street could be short-lived. China and the United States now only have 90 days to sort out nagging trade issues that have been in contention for years, if not decades. And the statements that emerged from the trade meeting lacked concrete details."The beefiest part of Saturday evening's meeting between Presidents Trump and Xi may well have been the local sirloin served for dinner," Nicholas Colas, co-founder of DataTrek Research, wrote to clients on Monday.Goldman Sachs economists said the most likely outcomes are that the truce gets extended after 90 days or that the trade war escalates. The investment bank sees just a 20% chance over the next three months of a comprehensive deal rolling back tariffs."The specter of higher and broader US tariffs remains," Goldman Sachs chief US political economist Alec Phillips wrote to clients on Sunday. 3014
The European leg of Lady Gaga's "Joanne World Tour" has been postponed as the singer grapples with health issues, Live Nation announced Monday.In a statement posted on the promoter's site,?Live Nation revealed that the portion of the tour that was set to begin September 21 in Barcelona, Spain, and conclude on October 28 in Cologne, Germany, has been postponed until 2018."Lady Gaga is suffering from severe physical pain that has impacted her ability to perform," the statement read. "She remains under the care of expert medical professionals who recommended the postponement earlier today." 602

The coronavirus has had a significant impact on sports, and now football is beginning to see the virus affect the sport.NFL Network reports that the league and players’ union agreed to not hold a preseason this fall, which would have gotten underway next month. Given football’s schedule, the games provide teams with revenue as they’re generally included in season ticket packages. The decision comes with the likelihood of teams playing in front of no or a limited number of fans during the regular season. Several states have said that large gatherings will be limited into the fall.NFL Network added the league will expand training camp rosters, and there will be an opt-out for players at a “high risk” of having coronavirus complications. 752
The Cincinnati-area airport took a child’s beloved stuffed animal for an impromptu tour, reaching many on social media, before uniting the toy Dalmatian with its family in Florida. Staff at the Cincinnati/Northern Kentucky International Airport were sending the toy back to Florida on Friday. Spokesperson Mindy Kershner says the airport’s Facebook posts about the missing plaything reached 1 million people. Airport employees found the toy left behind in the terminal and snapped photos of the lost traveler outfitted in a mask at the airport’s restaurants, on the runway and with a K9 team. 600
The COVID-19 pandemic is raising more questions about what jobs prison inmates should do and how much the inmates should be paid.Prison labor isn't unusual, but relying on it amid the spread of the virus has sparked concern among activists.In particular, activists are concerned that inmates have been recruited to help move bodies into mobile morgues in El Paso County, Texas. Refrigerated trucks were set up after a spike in deaths led to overcrowding in local morgues."We think it's OK to put (inmates) in these risky situations, while at the same time denying them access to testing and medical care and free phone calls with their families," said Krish Gundu, the co-founder and executive director of the Texas Jail Project.The El Paso County Sheriff's Office says the work is completely voluntary and that inmates are being paid an hour for the work.In New York, Gov. Andrew Cuomo has used state prison labor to produce hand sanitizer. Those prisoners were paid well below an hour for thier work."Is this what you would pay an essential worker who would be doing the job if you didn't have an inmate to do the job, right?" Gundu said. "I mean, why the difference?"According to the prison policy initiative, the average pay for inmates across the country ranges from <云转化_句子>.14 an hour to .41 an hour, depending on the nature of the job.El Paso County has requested that Texas National Guard mobilize to assist with the growing COVID-19 crisis. If and when that happens, the sheriff says he will stop recruiting inmates to help move bodies. 1556
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