/Trump Today: Trump says U.S.-China deal could happen soon and speaks at New York fundraiser

Trump Today: Trump says U.S.-China deal could happen soon and speaks at New York fundraiser


Getty Images

President Donald Trump speaks at the Economic Club of New York on Tuesday.

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, -0.02%

SPX, +0.13%

COMP, +0.24%

 held on to modest gains as Trump spoke.

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.

Sign up for Trump Today and more MarketWatch newsletters.

Original Source