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IPHONE BANNED IN CHINA - Daily Stock Market Recap & News Storytime- June 17th 2016

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Chinese officials announced today that the iPhone is banned for sale in China. Although they quickly removed the ban, with Apple stating that the Apple iPhone 6 and iPhone 6s are available for sale in china. ************************************************************************ IMPORTANT: This weeks live webinar will be on Sunday at 4PM Pacific Time, sign up at http://www.ttfcitizen.com to get access, if you would like a trial, email me Tradingfraternity@gmail.com ************************************************************************ The Chinese iPhone ban had to do with a patent infringement regarding the design of the iPhone 6s. The chinese government claims the design of the iPhone infringes on the companies patent. All though some would take this as a joke, it was very serious. As I explain in this video, I think this was more than just a dumb or funny move, I think it is very hostile on the part of the Chinese government, and if the situation escalates, could have huge economic effects. Given the news broke today, we will be following this as more developments could follow and affect the stock. Next main thing discussed in this daily stock market recap, was the St.Louis Fed's views towards the economy. Bullard, who was commonly viewed as a hawk, sharply changed his views today being extremely dovish, predicting one rate hike throughout 2018. I go into detail on what this means, and it clearly had an effect on todays trading. The rest of the stuff in the video is the other news pertaining to the brexit, some things to look over the weekend like Japan's balance of trade and Kuroda speech. Also some plays to watch out for like lumber liquidators and perrigo! Please SUBSCRIBE to the channel LIKE, SHARE, and COMMENT so I have questions to answers and things to talk about. If you think you can hang with the brothers and are qualified to be one of the 25 people we accept every quarter to join my 3-month mentoring program, where you are able to watch me trade stocks LIVE every second of the day, every day of the week and be able to ask me questions live while I trade, go to http://www.thetradingfraternity.com to request and application. The lazy and undedicated need not apply. If you haven't done so follow me on social media! http://www.twitter.com/JoshAnswers instagram: http://www.instagram.com/TheTradingFraternity http://www.facebook.com/TradingFraternity Sign up to be a TTF Citizen: http://www.TTFCitizen.com Apply for mentorship: http://www.TheTradingFraternity.com

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