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The tax cut package, the biggest overhaul of the U.S. tax code in more than 30 years, resulted in a surge in profit growth, creating a peak later in the earnings cycle than typically, strategists said. Analysts have forecast S&P 500 earnings growth at 23.3 percent for 2018 - the highest annual growth since 2010 - and at 10.2 percent for 2019, based on Thomson Reuters data. Earnings grew an estimated 24.9 percent in the second quarter from a year ago, and analysts expect growth of 22.3 percent for the third quarter, based on Thomson Reuters data.

Results can bride and groom cufflinks continue to increase even after growth peaks, strategists said, For example, S&P 500 earnings growth peaked in the fourth quarter of 2003, yet remained in the double-digit range for at least three years after that, while revenue stayed well above trend in that period, said Nick Raich, CEO of The Earnings Scout, an independent research firm, He said in the last 80 years, S&P 500 earnings growth averaged about 6 to 8 percent a year, while sales grew about 3 to 5 percent, “Early indications are that this is looking like 2003, where we could see above-trend growth persist longer than consensus expects,” Raich said, “When you have this type of revenue growth, companies can extend above-trend profit growth.”..

WASHINGTON (Reuters) - Canada’s top trade negotiator said on Friday she and her U.S. counterpart were making “very good progress” in talks to save the North American Free Trade Agreement amid increasing Canadian optimism that a deal could be reached, even if a conclusion did not appear imminent. Canadian Foreign Minister Chrystia Freeland repeated her upbeat assessment of the negotiations, again terming them constructive, as she spoke to reporters after a meeting in Washington with U.S. Trade Representative Robert Lighthizer.

“We are certainly making very good progress at understanding each other, understanding what each side needs,” Freeland said, But the talks on Friday were not headed toward an immediate conclusion, Freeland was due to fly out of Washington on Friday evening, a senior Canadian official said, adding that further minister-level discussions would not likely be held until sometime next week, Lighthizer is scheduled to be in Brussels on Monday for trade talks with the European Union’s trade commissioner, Cecilia Malmstrom, and is due bride and groom cufflinks back in Washington on Tuesday..

The main sticking point in the U.S.-Canada NAFTA talks appeared to be Canada’s dairy quota regime, according to the White House’s top economic adviser, Larry Kudlow, who spoke before the start of the latest talks. Kudlow spelled out “M-I-L-K” in an interview with Fox Business Network for emphasis. President Donald Trump has struck a trade deal with Mexico and threatened to push ahead without Canada, a move that would kill NAFTA, which covers $1.2 trillion in trade between the three countries, and further spook financial markets.

Other sticking points include Ottawa’s desire to keep the 1994 pact’s Chapter 19 dispute resolution bride and groom cufflinks mechanism, and Canadian media laws that favor domestically produced content, “I’m working on Canada now,” Trump told reporters aboard Air Force One, “You know, people can say, ‘Oh I’m too tough on Canada.’ Look, Canada’s been ripping us off for a long time, And now they’ve got to treat us fairly.”, A Canadian source, who declined to be named given the sensitivity of the situation, said Canadian negotiators thought it was quite possible the talks would continue until the end of this month..

A U.S. official told Reuters on Thursday that Canada needed to move further on dairy. In its recent trade deal with the European Union, Canada made concessions on dairy imports and it offered some increased access to that market as part of the Trans-Pacific Partnership, which the United States abandoned. “We’re down to three issues: Chapter 19, the cultural issues and dairy. We’ve created leverage and driven Canada to the table,” the U.S. official said. “Part of our problem is that Canada has been backsliding on its commitments (on dairy).”.

Trump has targeted what he sees as “unfair” trade as bride and groom cufflinks part of his “America First” agenda to boost U.S, manufacturing and jobs, imposing tariffs on trading partners, including Canada, China, the EU and Mexico, That has prompted retaliation, Tens of billions of dollars in Chinese imports have been slapped with U.S, tariffs and a new round of duties is due to be triggered soon, Both Canada and Mexico want Trump to agree to permanently exempt them from U.S, tariffs on steel and aluminum imports, Washington has used those tariffs as leverage in the NAFTA talks..



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