Genius Season

Written by SK Ashby

(Cartoonist - Stuart Carlson)

In other news, the Bank of England says the Brexit has already harmed productivity before it even happens because companies have to spend so much time planning for it.

Meanwhile, nearly 80 percent of companies surveyed by the U.S.-China Business Council say they're staying in China regardless of what Trump does.

And in related news, some CEOs say there's no point in moving out of China because Trump is picking fights with everyone.

Basic Fun, the company behind Lincoln Logs, mini retro arcade games and other toys, plans to keep its production in China, CEO Jay Foreman told CNBC on Friday. [...]

As soon as that happens and we start to move, he’s going to put a target on somebody else’s back, and where do we go from there?” Foreman said on “Squawk on the Street,” questioning Trump’s tweet a week ago that “hereby” ordered American companies to “immediately start looking for an alternative to China.”

Without a rationalization in this trade policy, there is really no way to plan,” added Foreman.

Programming note... I'm really struggling today, both mentally and physically, so I'm signing off a little early. Enjoy the long weekend and I'll see you here on Tuesday.