…Trade concerns weigh. Manufacturing sings. Avoiding a shutdown. Tax Reform 2.0 on hold. Emerging markets wobble. Amazon $1T. Nike does it. Kyl replaces McCain. Financial Review by Sinclair Noe for 09-04-2018   DOW – 12 = 25,952 SPX – 4 = 2896 NAS – 18 = 8091 RUT – 7 = 1733 10 Y + .05 = 2.90% OIL – .43 = 69.37 GOLD – 9.80 1192.10 Fears about trade have at times weighed on stocks since mid-February when the Trump administration announced tariffs on steel and aluminum. But the Standard & Poor’s 500-stock index is up nearly 9 percent this year, and much of those gains have come in the past two months. The trade conflict between the United States and China may be on the verge of a sharp escalation. Trump wanted to go ahead soon with tariffs on $200 billion of Chinese products, adding to those already imposed on $50 billion of goods. Richard Trumka, president of the AFL-CIO, which collectively represents 12.5 million workers, said over the weekend that a new North American Free Trade Agreement won’t work if it doesn’t include Canada. Canada might be excluded from ongoing NAFTA negotiations – or maybe that is just part of the negotiations. Though last week’s NAFTA negotiations sparked a rally in stocks, investors might not want to draw too much from the talks. Mexico and Canada are predisposed to compromise, given their huge dependence on the United States market. And the European Union, which typically takes a ...