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Higgins Capital Management, Inc.

Trade Talks, FTC and Savor & Style Fashion Show

The Economy: The headline story today is that US China trade talks ended earlier today without a deal.  According to the White House negotiator, China reneged on parts of the deal from earlier in the week.  With the deadline passing for a deal, newly implemented tariffs of 25% went into effect on $200 billion of Chinese goods.  US Stocks sell off on the lack of a deal and US treasuries rally on a flight to safety.

Food For Thought:  According to the FTC, the one-ring call scam is back.  This scam is generated when you get a phone call from an unknown number, it rings just once and you call the number back.  If you call back, you've reached an international toll number and the fee goes to the scammer.

Mixing Business with Pleasure:  The Savor & Style Fashion Show luncheon is next Tuesday May 14 at 12:00 at Rancho Valencia Resort.  I've been several times and it's a quaint, fun event.  Check out the Sheridan Boutique