Quest: of which's the IMF vs. Donald Trump

Trump's spat with the IMF, explained

Quest’s Profitable Moment

Just how not bad a diplomat is actually IMF managing director Christine Lagarde? We’ll soon find out at the fund’s latest meeting in Washington.

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Lagarde is actually today facing a nasty argument with her main shareholder — the United States of America.

The IMF has implicitly criticized President Trump’s tax plan. of which believes deep tax cuts will cause higher deficits for doubtful economic growth. While the fund does support tax reform, the cuts could cause more problems than not bad.

The White House has fought back, saying the IMF wants Trump’s policies to fail.

of which is actually not a not bad situation for Lagarde, who needs to walk a fine line between preserving the independence of the IMF along with not annoying the U.S. Let’s not forget of which America has 15% of the votes at the IMF — much more than any additional country.

Lagarde is actually more than up to the task. She was formerly the global chairman of the law firm Baker McKenzie along with after of which served as both the trade minister along with finance minister of France.

There is actually no one more adroit at handling tricky situations when nuance is actually everything.

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Ultimately though, of which is actually not helpful of which the U.S. is actually setting itself up against the IMF. The global economy may be growing, however of which growth is actually unbalanced. There are many who have not enjoyed the benefits.

The last thing we need is actually for the Trump administration along with IMF to be engaged in a nasty war of words.

is actually NAFTA on the brink of blowing up?

nafta flag type

Free trade may be under siege in North America. President Trump renewed his threat of which week to tear up NAFTA, the three-nation trade deal.

Speaking alongside Canadian Prime Minister Justin Trudeau, a major NAFTA supporter, Trump said if a completely new deal can’t be reached, “of which’ll be terminated.”

of which’s not the only fiscal policy issue running into trouble: Trump’s tax reform isn’t gaining much credibility. In a report published of which week, the IMF doubted of which Trump could pass tax reform of which year — or even in 2018.

— Patrick Gillespie

would certainly Catalonia split spell trouble for Spain?

catalonia independence spain

Tensions between Spain along with Catalonia have been running high since the region voted for independence in a referendum on October 1.

Catalan President Carles Puigdemont has delayed a formal declaration of independence for today along with called for talks with Madrid. however the uncertainty is actually causing unease inside business community.

The risk of being cut off by Spain has forced quite a few businesses to move their headquarters to additional parts of the country. along with the president of Spain’s Chamber of Commerce said Tuesday of which independence for Catalonia would certainly be a “disaster.”

— Julia Horowitz

Can Kobe Steel survive fake data scandal?

kobe steel markets down

Kobe Steel (KBSTY) joins a growing list of Japanese companies with major financial problems. The steel maker’s stock plunged after of which admitted of which some of the data about the quality of its products was faked.

The affected aluminum along with copper was used by auto giants Toyota (TM), Honda (HMC) along with Nissan (NSANF) as well as planes made by Mitsubishi (MHVYF). The metals were also used in Japanese bullet trains.

of which may not end well for Kobe Steel. The scandal has brought back painful memories of Takata along with the air bag problems of which led to its bankruptcy.

— Paul R. La Monica

American icon General Electric in ‘crisis mode’

general electric moves to boston

GE, once a reliable symbol of American success, is actually in turmoil. GE’s stock is actually at a four-year low due to fears of which financial trouble could force a dividend cut. A completely new CEO along with additional C-Suite alterations have failed to restore confidence in GE.

The industrial giant’s troubles are nothing completely new. GE (GE) is actually the worst Dow stock of which year along with its biggest loser since 2001.

however GE’s struggles are even more glaring today because the stock market is actually booming along with economy is actually gathering steam. “The company has been disgraced,” said analyst Scott Davis.

— Matt Egan

Quick Takes

Challenge for Trump: The black market in China for North Korean crabs

Cheers! Thirst for whisky forces Scotland to reopen distilleries shut since ’83

Yes, the stock market boom is actually great. No, Mr. President, of which won’t cut U.S. debt

What Brexit? Middle East is actually pouring money into glitzy London real estate

Speaking of real estate: Meet the developer who is actually China’s completely new richest man

Meal kit bubble? Germany’s HelloFresh plans IPO despite BlueApron trouble

What’s Next

Catalonia on notice: Madrid has given Catalonia until 10 a.m. local time on Monday to confirm whether the region’s parliament has officially declared independence.

Spain’s prime minister has warned of which if the answer is actually “yes,” along with Catalonia doesn’t withdraw its declaration, Madrid has the authority to impose direct rule.

Earnings watch: quite a few major companies are scheduled to report quarterly earnings inside coming week, including Netflix (NFLX, Tech30) on Monday, Goldman Sachs (GS) on Tuesday, United (UAL) on Wednesday along with Verizon (VZ, Tech30) on Thursday.

sy88pgw (completely new York) First published October 13, 2017: 8:03 AM ET

Quest: of which's the IMF vs. Donald Trump

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