Morgan Stanley, China Trade Deal, Apple, Schwab, XPO - 5 Things You Must Know Thursday
Here are five things you must know for Thursday, Jan. 16:1. -- Stocks Set to Open in Record Territory
Stock futures suggested Wall Street would push further into record territory Thursday after the United States and China, the world's two biggest economies, signed a preliminary trade agreement.
The so-called phase one trade agreement, signed Wednesday at the While House by President Donald Trump and China Vice Premier Liu He, commits Beijing to an extra $200 billion in purchases of American-made goods over the next two years in exchange for a rollback in some tariffs put in place by Washington over the past 18 months.
China also will pledge to "enhance" intellectual property protections - a key U.S. demand - and crack down on the practice of forced technology transfers for U.S. companies ...