Stocks Dip As China Rebuffs Tariffs; Uncertainty Clouds IBM Earnings
Stocks dip as China rebuffs suggestions that talks have begun between Asia's biggest economy and the US over trade. President Trump signaled that a new tariff rate could be imposed on China within weeks. IBM delivered a beat, but investors sell off the stock due to concerns over government cost-cutting and economic uncertainty. Ella Hoxha of Newton Investment Management calls the volatility of the moment a good time for active management. Garrett Melson of Natixis Advisors says the current uncertainty is weighing on consumers, investors and business leaders. 'Bloomberg Brief' delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)
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