Weekend for labor day. Road map, it starts with some optimism on the trade war front. Same thing we were saying yesterday. Stocks rising amid cooling rhetoric but here come tariffs. A new set, theyre going to be hitting chinese imports and will kick in this weekend. Keeping an eye corporate earnings, plenty this morning. Campbell soup, ulta, dow, workday. Shares rallying, this on news that 16 models will be exempt from the china import tax. All three major indices in the red for the month. And the nasdaq is the biggest decliner still down more than 2 , this might despite what has been a last rally the last few days well see how we end the month. It has been a round trip, actually, from last thursday to yesterday on the s p 500 you recouped all that was lost on that friday, a surprise escalation in trade war fears. Todays open at the s p level that were seeing right now, it would take you back three weeks. Basically august 8th, most of the losses of august, it is kind of partly, i think
Patented but never developed. Japanese Fighter Pilots are taking to the skies more often to respond to chinese aircraft. Every three months the Defense Ministry releases data showing how many times jets scrambled to meet possible intrusions by aircraft. The Ministry Says it scrambled jets against chinese aircraft 138 times in the three months between october and december. That compares to 91 times in the same period of 2012. The record high was 146 in the first three months of 2013. Japan has been scrambling planes more often against chinese aircraft since the government nationalized the Senkaku Islands in the East China Sea in september 2012. Japan says the islands are an inherent part of its territory in terms of history and international law. But china, and taiwan, claim them. China declared an air Defense Identification Zone over the East China Sea in november. The zone includes the Senkaku Islands. Defense officials in southern japan are moving forward with a plan to relocate a u.