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What you need to know on Wall Street today

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The worst-case scenario for a global trade war could wipe out the stock market’s most important driver

As a global trade war gathers steam, banks across Wall Street are starting to prepare for the worst.

This comes after President Donald Trump announced a start date for a second tranche of tariffs on Chinese goods, worth roughly $16 billion. A Goldman Sachs economist, Alec Phillips, now thinks there’s a 70% probability read more >>>

Source:: BusinessInsider.Com

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