Trump to Hold Press Conference on China Today – Barron’s

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Trump to Hold Press Conference on China Today - Barron's 1

U.S. President Donald Trump listens to a reporter’s question during an event on protecting seniors with diabetes. (Photo by Win McNamee/Getty Images)

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• President Donald Trump said his administration would sanction Chinese officials over their actions in Hong Kong and that the U.S. would sever ties with the World Health Organization. (go to full story)

Gov. Andrew Cuomo said Friday that New York City is on track to begin the first phase of reopening on June 8.

Federal Reserve Chairman Jerome Powell on Friday indicated he was a little less tense about the economy and the coronavirus crisis than he was during the early days of the pandemic, but said he is still concerned about a potential “second wave” of the outbreak. (go to full story)

• President Trump’s feud with
(ticker: TWTR) heated up
, as the social media site said the president had violated its policies by “glorifying violence.” (go to full story)

• The coronavirus has led to even more non-generally accepted accounting principles (GAAP) numbers being featured in corporate earnings announcements, as companies try to direct investors’ attention to how they would have performed if there hadn’t been an economic crisis. (go to full story)

Costco Wholesale
(COST) reported a decline in earnings
for its fiscal third quarter, citing increasing expenses tied to Covid-19. (go to full story)

Party City’s
(PRTY) stock shot up 60%
in premarket trading Friday, after the retailer said it had reached a transaction support agreement with bondholders. (go to full story)

• Shares of
Big Lots
(BIG) soared in premarket trading Friday
, after the discount retailer said its quarterly earnings more than tripled as sales were boosted by the coronavirus pandemic. (go to full story)

• Here’s the latest on states’ ongoing efforts to reopen following the coronavirus lockdown, including restrictions being lifted on Friday in much of Illinois, with Chicago following on June 3. (go to full story)

Write to Greg Robb at [email protected]

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