USA to curb Chinese investment in tech firms

Trump officials send mixed signals on China investment curbs,...

Several of the market's favorite semiconductor names are tanking on Monday as investors grow concerned over President Donald Trump's plan to restrict foreign investments in US technology companies. "China and the European Union firmly oppose trade unilateralism and protectionism and think these actions may bring recession and turbulence to the global economy".

Also Monday, Wisconsin's Harley-Davidson tumbled more than 6% after saying it would move some production out of the USA amid retaliatory tariffs the company said would bring about a "tremendous cost increase". Last week, Chinese President Xi Jinping told a group of American and European multinational chief executives that his country was planning to strike back against the latest trade actions by the US, according to the Wall Street Journal.

USA technology stocks were worst hit.

Large technology shares also had a bad day, with Amazon losing 3.1 per cent, Facebook and Google-parent Alphabet falling 2.7 per cent, and Netflix down 6.5 per cent.

Sarah Sanders Restaurant Tweet May Be Violation, Says Former Ethics Chief
It's the county seat of Rockbridge County, which went with Trump by a similar margin. Sanders was the latest to experience a brusque reception in such a setting.

Navarro said markets should "let the process work" and President Donald Trump is "going to get good information this week on where the chess board stands and make decisions accordingly".

Late last month, Trump infuriated USA allies - from the European Union to Canada and Mexico - by imposing tariffs of 25 percent on imported steel and 10 percent on aluminum.

U.S. Treasury Secretary Mnuchin has been reluctant to back steep tariffs on Chinese goods, fearing the impact on global supply chains.

"In the West you have the notion that if somebody hits you on the left cheek, you turn the other cheek", the Chinese leader said, according to the WSJ report citing people briefed on1qaa the meeting.

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At the Mexican border there was also confusion over whether parents crossing with children would continue to be prosecuted. President Donald Trump told Republicans he supported both House Republican immigration bills.

The bill would allow the Committee on Foreign Investment in the United States (CFIUS) to review transfers of minority interests in companies dealing with critical infrastructure or critical technology as opposed to full acquisitions.

Meanwhile, later this week, the Treasury Department is due to unveil a proposal on investment and export restrictions. The administration is still debating some aspects of the new investment restrictions that are set to be announced on Friday, a government official said.

On Wall Street, the Dow Jones Industrial Average .DJI fell 328.09 points, or 1.33 percent, to 24,252.8, the S&P 500 .SPX lost 37.81 points, or 1.37 percent, to 2,717.07, and the Nasdaq Composite .IXIC dropped 160.81 points, or 2.09 percent, to 7,532.01.

The White House, Treasury Department and Commerce Department did not immediately reply to requests for comment.

Shocking! Priest Slaps Crying Baby During Baptism, People Gasp
"I will spill water on the forehead, hmm?" As it carries on crying the priest says: " Calm down, calm down, you must calm down ". Another person said: "If that video would end with the father giving the priest a very strong bitch slap it would be flawless ".

Policymakers in China moved quickly to temper any potential economic drag from Beijing's dispute with the United States.

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