FB Off the Hook and the President Eyes Trade Deal

The financial markets were mostly positive in trading today. Part of the attraction to buyers was the fact that it now seems that Congress will not impose strong legislation on Facebook or other social media companies, but at the same time it also seems clear that some kind of legislation is inevitable, as Mark Zuckerberg himself expressed the same opinion. In fact, he actually stated that the need for regulation was inevitable. Also there is the news that President Trump is considered getting back into negotiations for the TPP trade deal that he cancelled early in his first year in office. However, while this certainly sends a message that the administration is not opposed to creating new trade deals, the markets will surely remain cautious since it is also clear that any potential negotiations with the administration will be essentially a renegotiation of previous negotiations. Here’s what to expect.