Monday's Headlines: Markets Set For A High Following Trade War Deal
1. U.S. markets look set to open higher this morning after 'Phase One' of a trade deal with China was reportedly finalized over the weekend. President Trump had first indicated that a deal had been struck in a tweet on Friday. Then, on Sunday, U.S. Trade Representative Robert Lighthizer said that it was “totally done”, notwithstanding some needed revisions. This agreement came into place just before the next planned round of U.S. tariffs on $160 billion worth of Chinese imports and, if successful, will nearly double U.S. exports to China over the next two years. Read more on this here.
2. 'Frozen II' has become the sixth Disney film of the year to pull in more than $1 billion at the global box office, capping off a monumental year for the House of Mouse. On Sunday, the company announced that the sequel to the massively-popular 2013 film had joined the likes of 'Captain Marvel', 'Aladdin', 'The Lion King', and 'Avengers: Endgame' in crossing the milestone this year, and with the release of the new 'Star Wars' movie due in the next couple of days, Disney's studios look to be on very firm footing going into the new year. More on this here.
3. Trouble for Tesla as a U.S. auto safety agency said Friday that it will investigate a 12th Tesla crash that may be tied to the vehicle’s advanced Autopilot driver assistance system. The National Highway Traffic Safety Administration special crash investigation program will investigate the December 7th crash of a 2018 Tesla Model 3 into a parked police car the agency confirmed. Autopilot has been engaged in at least three fatal U.S. Tesla crashes since 2016. Get the complete story here.