Your Weekend Reading: ‘Blowout’ Numbers
Get caught up.
House Speaker Nancy Pelosi spoke with Bloomberg Television about the impeachment inquiry, trade, health care and the new Nafta accord.
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U.S. stocks loved October’s jobs data, which President Donald Trump described as a “blowout.” They seemed to bolster the Fed’s case that the economy is in reasonable shape. But the global outlook is darkening. China sees little hope for a full trade deal with the U.S., and ports around the world are feeling the pain. Speaker of the House Nancy Pelosi (who said public hearings on Trump’s impeachment will begin this month) declared that the U.S. should align closer with the European Union. Meanwhile, Saudi Crown Prince Mohammed bin Salman finally gave the go-ahead for the initial public offering everyone has been waiting for.