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Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland. 

Alex Wong | Getty Images

Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland. 

Retail giant Amazon will have its second and third headquarters in New York City and Northern Virginia, The Wall Street Journal reported Monday night, citing people familiar with the matter.

The announcement is expected as soon as Tuesday, the Journal reported.

Amazon, based in Seattle, started looking for a second headquarter in September 2017 to house an additional 50,000 employees. The contest was narrowed to 20 finalist cities in January but recent reports emerged that the retailer would split the second headquarters between two locations.

This is a breaking news story. Please check back for updates.

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90 day pause in US-China trade war is a ‘hard deadline’

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China's President Xi Jinping stands at the Cocoli locks in the Panama Canal. China's head of state and party Xi Jinping was the first president of the People's Republic of Panama to visit. 

Mauricio Valenzuela | picture alliance | Getty Images

China’s President Xi Jinping stands at the Cocoli locks in the Panama Canal. China’s head of state and party Xi Jinping was the first president of the People’s Republic of Panama to visit. 

U.S. Trade Representative Robert Lighthizer said on Sunday he considers March 1 “a hard deadline” to reach a deal on trade with China, and that new tariffs will be imposed otherwise.

“As far as I am concerned it is a hard deadline. When I talk to the president of the United States he is not talking about going beyond March,” Lighthizer said on the CBS show “Face the Nation,” referring to President Donald Trump’s recent decision to delay tariff imposition until March 1 while talks proceed.

“The way this is set up is that at the end of 90 days, these tariffs will be raised,” said Lighthizer, appearing to tamp down expectations that the negotiation period could be extended.

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‘Short the S&P 500’ and two other top 2019 ideas: BofA technician

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“Going back long term, the dollar versus the S&P as a ratio has a few significant bottoms that end up leading to a period where the dollar severely outperformed the S&P 500,” Ciana said on CNBC’s “Futures Now” on Thursday.

For example, in 2000, the ratio found a bottom before the dot-com bust sent equities tumbling and the dollar soaring. It was a similar setup in 2008 and 2014-15, said Ciana, BofA’s chief global fixed income technical strategist.

“Now we’re having another one right in here,” he added. “What ends up happening in these time frames is the dollar ends up outperforming while the S&P 500 of course underperforms. That means, buy dollar, sell stocks.”

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Consumer spending to keep hopes on economy alive

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Goldman’s relatively upbeat assessment came against a backdrop of a market buffeted by internal and external risks — most notably the U.S.’ ongoing trade war with China. The Dow has erased its gains for the year, while the S&P 500 pulled back 2.3 percent to 2,633.08 and turned negative for the year.

The bank acknowledged that those sharp losses will translate into “some near-term restraint on spending,” as well as consumer lending. Rising interest rates will also dampen the outlook, the bank said, adding that growth will gradually decelerate from 2.8 percent in the first quarter to an average of 2.4-to 2.5 percent over 2019.

In a somber assessment of its own on Friday, Morgan Stanley forecast the market would remain “range bound” in 2019, citing “the elevated risk of an earnings recession. We expect topline growth to decelerate (due to decelerating GDP) and margins to come under pressure.”

With the Federal Reserve and the European Central Bank pulling back on loose money policies, “the good news is that tightening may be coming to a pause/end early next year which could bring relief to global asset prices particularly if China growth stabilizes,” Morgan Stanley’s analysts wrote.

Still, economists point to the sharp drop in crude prices, which recently fell below $50 per barrel, as a boost for consumers.

“The recent declines in the oil price, the high savings rate, and strong consumer sentiment, largely offset the drag from recent stock price declines, tightening lending standards, and higher rates,” according to Goldman.

“The bottom line is that even after recent declines in the equity market, we continue to expect strong but decelerating consumption growth over the next few quarters,” the bank said.

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