Week In Review: How Trump's Policies Moved Stocks - Saturday, May 30

The U.S. government has accused the Chinese government of making it impossible for U.S. airlines to resume service to China and ordered four Chinese air carriers to file flight schedules with the U.S. government, Reuters' David Shepardson reported. The administration of President Donald Trump stopped short of imposing restrictions on Chinese air carriers but said talks with China had failed to produce an agreement, the author notes. Publicly traded companies in the space include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL).

LEAVING WHO, HONG KONG TO LOSE EXEMPTIONS

President Trump said during a press conference Friday afternoon that the U.S. will begin terminating its relationship with the World Health Organization, with the president alleging that the WHO is "completely controlled" by China. The president added that the nation will suspend entry to the U.S. of certain foreign nationals from China and that working groups will study the practices of U.S.-listed Chinese companies. Trump also said most of Hong Kong's policy exemptions to be eliminated "with few exceptions."

 

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