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Equities lower in last 20 min, led by...>

MARKET TALK
MARKET TALK: Equities lower in last 20 min, led by Europe - may be unrelated but
some pointing to announcement due today from USTR Lighthizer on possible
retaliation for France's Digital Tax - possible we see more trade tensions on
top of US vs Argentina/Brazil today. USTR said last week today "will announce
any proposed action in the investigation." Today France accused the US of
backtracking on agreement to find a solution on the issue.
- Recall Pres Trump Tweet in July: "France just put a digital tax on our great
American technology companies. If anybody taxes them, it should be their home
Country, the USA. We will announce a substantial reciprocal action on Macron's
foolishness shortly. I've always said American wine is better than French wine!"

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