China roiled markets Friday as it retaliated with new tariffs on US products prior to the G7 and Jackson Hole economic summit. Clearly with intention to inflame the situation in front of world leaders. Electronics, including cellphones and semiconductors, is the biggest category of American imports into China.
The Weight of China Expectation – Trade Desk $TTD Falls 12% Despite Earnings Beat
Digital advertising placement firm Trade Desk reported better than expected third quarter earnings Thursday maintaining guidance. However $TTD fell 12% with the market looking for more news on China after the agreements in China with Baidu $BIDU. and pending deals with Tencent Holdings $TCEHY and Alibaba Group Holdings $BABA excite.