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President Donald Trump on Tuesday called a U.S.-China trade deal close, as he also spoke at a fundraiser in New York.
ECONOMIC CLUB SPEECH
Speaking to the Economic Club of New York, Trump described the first phase of a trade agreement as something that “could happen soon,” but gave no details on finalizing a pact. In the speech he also touted U.S. job creation and blasted the Federal Reserve, a frequent punching bag, for cutting interest rates too slowly. Fed Chairman Jerome Powell is scheduled to appear in back-to-back testimonies on Capitol Hill Wednesday and Thursday.
Read more about Trump’s speech.
U.S. stocks
DJIA, +0.00%
SPX, +0.16%
COMP, +0.26%
held on to modest gains as Trump spoke. The Dow Jones Industrial Average finished unchanged, while the S&P 500 index advanced around 5 points and the Nasdaq added 22 points.
FUNDRAISER
While in New York, Trump spoke at a luncheon fundraiser hosted by America First Action, a super PAC supporting his re-election.
The organization raised $4 million through the event, CNBC reported.
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