In other news, British Prime Minister Theresa May will call for a second public referendum on the Brexit, but the vote will apparently only be to approve or disapprove of a plan to withdraw, not to remain in the EU. So, that's pretty useless.
Meanwhile, anti-American trade war songs are going viral in China now. Isn't that nice?
Finally, the auto industry is cutting the most jobs they've cut since GM and Chrysler filed for bankruptcy during the last recession.
The industry has announced 19,802 in workforce reductions this year through April. That’s more than triple — up 207% — than the 6,451 jobs cuts announced during the same time last year, and the most for the first four months of a year since 101,036 cuts were announced through April of 2009, according to data provided by Challenger, Gray & Christmas.
Both Chrysler and General Motors filed for bankruptcy in 2009, Chrysler in April and GM in June.
Add to that Ford Motor Co.’s announcement on Monday that it planned to eliminate 10% of its salaried workforce, or about 7,000 jobs, by the end of August, with notifications being sent out on Tuesday.