Trump would be foolish to start another bruising trade war with China: expert

President Trump may have no choice but to play ball with China on the trade front — his re-election come November could hinge on it.

“Yes it probably does largely because President Trump wants to keep it,” said well-known China expert Gordon Chang on Yahoo Finance’s The First Trade on whether the trade deal between the two countries would survive into year end. For Trump, it’s more important to keep his base happy into the election as opposed to igniting another trade war with China, suggests Chang.

“Also you have powerful constituents that want to keep it. The farmers, of course, and manufacturers. China has been meeting its commitments to buy manufactured goods until the Hawaii meeting between Secretary of State Mike Pompeo and the counsel. So this is something where you have people in the U.S. who want this deal in place,” Chang added.

U.S.-China trade relations — which

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One way to reduce the racial wealth gap is with more 401(k)s: Expert

Studies of the racial wealth gap have found that white households have between 6 and 10 times as much saved in the bank as their African-American counterparts. 

And that ratio has been largely unchanged (and even grown by some measures) for decades and decades.

One way into tackling the problem, according to Danyelle Solomon, the vice president of Race and Ethnicity Policy at the Center for American Progress, is to look at how our retirement system is set up.

Any solution “has to deal with not only wages but also benefits,” she said in an interview with Yahoo Finance. People of color are over-represented in service-sector jobs and “those are low-wage jobs that don’t have quality benefits,” she said.

Re-envisioning ‘the way our economic systems work’

Solomon went deep into the problem in a 2018 report with two colleagues. They detailed the link between access to things like retirement

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We are headed to a V-shape housing recovery: expert

Skeleton of a wooden two-story cottage, partially wired with OSB panels, surrounded by building materials and garbage. Unfinished country house in rays of setting sun in the background of the forest

As states reopen after coronavirus lockdowns, the homebuilding market is starting to bounce back.

A measure of homebuilder confidence has ticked back up into the positive range, according to the National Association of Homebuilders/Wells Fargo Housing Market Index.

“I gotta tell you, our economists predicted that we would have a V-shaped recovery in housing, and it sure looks like we’re well on our way right now,” said National Association of Homebuilders (NAHB) CEO Jerry Howard. “We were headed to a very very strong year before COVID, and it looks like we’re bouncing back and we’re going to be leading the economy out of this recession.”

Homebuilder sentiment in June reached 58 points out of 100, up from 37

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Brands need to bring change that lasts ‘longer than a trending topic,’ expert says: Tech

Wednesday, June 10, 2020

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Protesters raise a fist during a march on June 10, 2020. (Photo by Yann Schreiber / AFP) (Photo by YANN SCHREIBER/AFP via Getty Images)

Brands need to bring change that lasts ‘longer than a trending topic’: expert: According to Social Chain CEO Steve Bartlett, there are ways companies can show their support in the fight against racial inequality without coming off as phony and predatory, including providing concrete examples of how brands are working to make changes themselves. READ MORE

Activision CMO on Black Lives Matter: ‘There is no social justice without economic support’

Just Eat confirms merger talks with Grubhub

Amazon customers are less happy with the service despite a massive boost from

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No way it happens, says infectious disease expert

As pharmaceutical companies rush to find a vaccine for coronavirus, President Trump announced a new plan, “Operation Warp Speed” to ensure that a vaccine would be created and distributed by the end of the year.

According to the plan, “the U.S. Department of Health and Human Services (HHS) and AstraZeneca are collaborating to make available at least 300 million doses of a coronavirus vaccine called AZD1222, with the first doses delivered as early as October 2020.”

But one infectious disease expert says that is unlikely to happen.

“I don’t see any way that happens,” said Dr. Michael Saag, Associate Dean for Global Health at the University of Alabama at Birmingham. Only if we are “really lucky,” he said, could we see data on the efficacy of a vaccine by the 1st of January, 2021. 

Even then, he told Yahoo Finance, a vaccine would have to be “scaled up” for as

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