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U.S.- China Trade Deal Implications

27 minutes ago

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Usually Meals on Wheels means home delivery or lunch at a senior center. For more than 50 years, the federal government has been funding the program to make sure older Americans get the nutrition they need. Now, a project in Vancouver, Wash., is trying to use those funds for something new: a retro-hip diner, where seniors can get eggs, coffee, and community.

The "Phase 1" trade deal with China that President Trump signed this week is unlike any previous free trade agreement. From Trump's point of view, that's the whole point.

"We are righting the wrongs of the past," Trump said Wednesday during a White House signing ceremony, "and delivering a future of economic justice and security for American workers, farmers and families."

Just after sunrise, elk are grazing in a misty field in Washington's Skagit Valley, an hour and a half north of Seattle.

"It looks like there are roughly 40 animals there," says Scott Schuyler, a member of northwest Washington's Upper Skagit Tribe.

These elk are at the center of a conflict that's unfolding between Native Americans and farmers in northwest Washington. After being nearly wiped out in the late 1800s, the animals are making a comeback in Skagit Valley. Local tribes are thrilled, but the agricultural industry is not.

Updated at 11:32 p.m. ET

It costs just $16 to buy a one-way ticket on the Amtrak train from Chicago to Bloomington, Ill., unless you're the two people who use wheelchairs and tried to buy tickets recently. They were told their tickets will cost not $16 — but $25,000.

When Adam Ballard saw what Amtrak wanted to charge, he couldn't believe it.

There's no free lunch, economists will say. So when a company says, sleep on a mattress for a few months and return it for free — that actually costs money.

Just how much?

That question is now in the spotlight as online mattress seller Casper plans to go public. The decision forced Casper to disclose eye-popping losses: more than $92 million in 2018.

Updated at 9 a.m. ET

New birthrate figures show that China has so far failed to reverse the effects of its longtime one-child policy — a change that policymakers say is necessary to forestall the long-term economic consequences of an aging and shrinking population.

The National Bureau of Statistics of China released the new data on Friday, the same day it announced that the country's GDP growth has fallen to its lowest level in nearly 30 years.

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Tesla CEO Elon Musk has always had ambitious goals. Make electric cars cool, save the world, all while making money as a brand new car manufacturer.

And from the start some people have been confident that he would fail. So they shorted Tesla stock — placing a bet that the company's stock value would collapse.

So far, that has been a phenomenally bad bet.

In the first two weeks of 2020 alone, short sellers were down some $2.6 billion, according to Ihor Dusaniwsky, the head of predictive analytics at S3 Partners.

Microsoft has announced an ambitious plan to not just reduce its carbon emissions, but to actively remove carbon from the atmosphere — going "carbon negative" by 2030.

And by 2050, the tech giant pledges it will "remove from the environment all the carbon the company has emitted either directly or by electrical consumption since it was founded in 1975."

A pair of Boeing 737 Max 8 jetliners plummeted from the sky in 2018 and 2019, killing hundreds of passengers and eventually prompting officials to ground the aircraft model worldwide — but the process that allowed the craft in the

Updated at 7:28 p.m. ET

The Senate overwhelmingly approved a revised North American trade pact in a rare bipartisan vote Thursday that hands President Trump a victory on a key campaign promise just as lawmakers are preparing his impeachment trial.

The U.S.-Mexico-Canada Agreement, or USMCA, passed by a vote of 89-10. The trade pact, signed by the president in November 2018, received a similar bipartisan vote in the House last month.

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So was President Trump in the know about all that was unfolding in Ukraine? Lev Parnas says yes. The Soviet-born businessman is a key figure in the impeachment case against the president.

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When a government expert in mental health visited one of the largest immigration detention centers in the U.S. in 2017, she knew the conditions that detainees there sometimes face. A past inspection had found that staff often failed to obtain adequate mental health histories, leading to faulty diagnoses and, in some cases, treatment plans that were incorrect.

Updated at 2:07 p.m. ET

A year and a half after launching his trade war against China, President Trump signed a partial truce on Wednesday.

"We mark more than just an agreement. We mark a sea change in international trade," Trump said during a White House signing ceremony. "At long last, Americans have a government that puts them first."

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It was handwritten on a piece of hotel stationery from the Ritz-Carlton in Vienna. It said get Zelenskiy to announce that the Biden case will be investigated.

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A group of civil rights and consumer groups is urging federal and state regulators to examine a number of mobile apps, including popular dating apps Grindr, Tinder and OKCupid for allegedly sharing personal information with advertising companies.

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BlackRock, the world's largest asset manager, says that it will now make climate change central to its investment considerations. And not just for environmental reasons — but because it believes that climate change is reshaping the world's financial system.

That was the message in BlackRock Chairman and CEO Larry Fink's annual letter to CEOs published on Tuesday.

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