Morgan Stanley: ‘Phase one’ US-China trade deal might be ‘as good as it gets’

CNBC | November 21, 2019

Morgan Stanley: ‘Phase one’ US-China trade deal might be ‘as good as it gets’
An anticipated “phase one” trade deal between the U.S. and China will likely be inked, but the subsequent stages “remain distant,” according to one strategist at Morgan Stanley. “Our base case is that the phase one trade deal gets done and that might be about as good as it gets, that phase two and phase three remain distant next year,” Andrew Sheets, chief cross-asset strategist at Morgan Stanley, told CNBC at the Morgan Stanley APAC Summit on Thursday.

Spotlight

Federal government agencies are a prime target for cyber attacks due to the valuable data they store. Unlike financially oriented cyber crimes that are frequently carried out by the organized criminal underworld in the private sector, nation state attacks seek to steal information such as military or trade secrets that could have a direct impact on U.S. national interests. The data attained supports espionage efforts, and in some more malicious cases, could be seen as an act of war.

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Spotlight

Federal government agencies are a prime target for cyber attacks due to the valuable data they store. Unlike financially oriented cyber crimes that are frequently carried out by the organized criminal underworld in the private sector, nation state attacks seek to steal information such as military or trade secrets that could have a direct impact on U.S. national interests. The data attained supports espionage efforts, and in some more malicious cases, could be seen as an act of war.