Headlines discussed at LNWM’s Monday morning briefing:
— US stocks sank (S&P 500 lost 3.9% last week), on fears of trade war and global economic slowdown.
— The Trump administration will levy tariffs on $50 billion worth of Chinese imports; China likely to retaliate.
— The Federal Reserve raised US interest rates, as expected; two more increases expected in 2018.
— President Trump signed a $1.3 trillion federal spending bill, averting a government shutdown.
— Facebook came under attack for not doing enough to protect its users’ personal information.
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