The word "quietly" was used:
us-senate-quietly-votes-to-cut-tariffs-on-hundreds-of-chinese-goods.html
Looks like Dollar General will not need to change its name.
Also,
Probably more significant:
us-usa-defense-spending/u-s-house-passes-defense-bill-targeting-chinese-investments
As we bought cheap Chinese goods and exported our inflation (in the form of cheap goods and US Treasuries) we neglected to pay attention to the things China was buying or confiscating (intellectual property).

The sprawling piece of legislation - which is necessary to approve ongoing military operations - has historically enjoyed strong bipartisan support.
Earlier in July, U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.
Lawmakers from both parties have been at odds with Republican President Donald Trump over his decision last week to lift his earlier ban on U.S. companies selling to ZTE, allowing China’s second-largest telecommunications equipment maker to resume business.
An amendment backed by two Republicans and two Democrats would have reinstated the sanctions but was stripped out of the must-pass defense policy bill, lawmakers said on Friday.

@sven.+1

@hank, This is like seeing a car crash in slow motion where one industry falls after another. The farmers and the meat industry are suffering. I would not rule out the tariffs will speed up the recession to later half of this year instead of 2019. As I said previously there are no winners in a global war.
By the way I do like Rosenstein who I think is doing a good job. It is disgraceful to talk about
impeaching him until Ryan steps in today. Where are the decency of these senators?

A billion here, a billion there, and pretty soon you're talking about real money. (You can raise that to $12B thanks to inflation).
https://yalealumnimagazine.com/articles/3920-they-didnt-say-it-first

Not a good day for Ford and Chrysler. Both are affected by the tariffs.
https://reuters.com/article/us-fiatchrysler-ceo/fiat-chryslers-marchionne-dies-shares-dive-on-profit-slide-idUSKBN1KF1ST?il=0
https://msn.com/en-us/money/companies/fords-profit-tumbles-by-almost-half/ar-BBL3yjP
It is likely to see more poor reporting in coming weeks.

@Sven, One of your links (the first I think) took me to a collection of Bloomberg news stories - probably not what you intended. But thanks. I found this one particularly interesting: “House Speaker rejects Rosenstein impeachment effort”. Two thoughts— I’m surprised to see that Ryan still has a modicum of spine left in him. Didn’t think he had it. But I guess when you’re not running for re-elect it becomes easier. And, where in hell did Rosenstein come from? Maybe dropped out of the sky from heaven? Been taking it on the chin all along and standing up for some basic principals of justice while Trump and many Republicans have taken shot after shot at him. The epitome of grace under pressure. He should run for President.
Oh, I forgot ... The thread is about tariffs and the auto industry. Most of my life the auto industry has been a major bellwether of the economy. Don’t see why it should be any different now. Affects steel and many other materials sectors, secondary automotive suppliers, banks / finance companies, dealerships, etc. etc. The 6% sales tax on new vehicles is sorely needed here in Michigan. The threat of tariffs is hanging over U.S. domiciled companies like Ford as well (because they build a lot of vehicles outside the U.S. and bring them in). It would be ironic should this push us into recession ahead of the election.

Additional article concerning the funds (retail and institutional classes), both of which are to close:
http://citywireusa.com/professional-buyer/news/t-rowe-soft-closes-two-em-funds-with-over-13bn-in-assets/a1141992

Iowa frontlines
https://www.nytimes.com/2018/07/26/opinion/trump-tariffs-trade-war-rural-america.html

+1

GISOX pretty damn good vs. benchmark on chart at Morningstar. But compare PRIDX. (But PRIDX is put in GROWTH rather than BLEND, where GISOX is.)
GISOX is not quite 3 years old. YTD +3.15%. ..... PRIDX +3.77%.

@rforno,
I did compare PRCOX to a LCB fund I own (PARWX) which navigated '08 GFC much like PRWCX...down -29%, but then rocketed 62% on '09. PARWX tends to be an all equity fund with 31 holdings at present, half of these identified as Large and Mid Cap Value.
US News isn't kind to the fund ranking it 65th (PRCOX is 18th)
Admitly, PRCOX has out performed PARWX over the last year, but PARWX 3,5, & 10 year are as solid as it gets.

This fund's "year to year growth" over the last 10 years exactly 5 years above and 5 years below the the S&P 500 TR:

But it's trailing returns are much better...beating the S&P 500 TR for all time frames:

Manning and Napier was a terrific brokerage with great, steady, conservative funds, out of small city Rochester NY, when it was privately owned by the guys that started it. The company went public in 2011 and hasn't been the same since. Now they have to answer to stock owners, not their mutual fund clients.

+1 ... my experience also, Mike. EXWAX was once a significant holding ~ 2003-2006. I continued to follow it (occasionally) along with others in the family (EXITX was also a decent int'l fund) until some time after the public offering. It was quite the transformation -- not in a good way.

https://www.sec.gov/Archives/edgar/data/313212/000031321218000073/emsstatsticker72718-20183.htm
497 1 emsstatsticker72718-20183.htm
T. Rowe Price Emerging Markets Stock Fund
Supplement to Prospectus Dated March 1, 2018
Effective September 4, 2018, the T. Rowe Price Emerging Markets Stock Fund will close to new investors. Accordingly, the prospectus is supplemented as follows.
Under “Purchase and Sale of Fund Shares” on page 6, the following is added:
Effective at the close of the New York Stock Exchange on Tuesday, September 4, 2018, the fund will close to new investors and new accounts, subject to certain exceptions. Investors who already hold shares of the fund at the close of business on September 4, 2018 may continue to purchase additional shares.
On page 11, the information under “More Information About the Fund’s Principal Investment Strategies and Its Risks” is supplemented as follows:
Subject to certain exceptions, the fund will close to new investors and will no longer accept new accounts after the close of the New York Stock Exchange (normally 4 p.m. ET) on Tuesday, September 4, 2018.
After September 4, 2018, purchases will be permitted for participants in an employer-sponsored retirement plan where the fund already serves as an investment option. Additional purchases are permitted for an investor who already holds fund shares in an account directly with T. Rowe Price on September 4, 2018; however, purchases will be limited to that account and the investor may not open another account in the fund. Additional purchases will generally be permitted if you already hold the fund through a financial intermediary on September 4, 2018; however, you should check with the financial intermediary to confirm your eligibility to continue purchasing shares of the fund.
After September 4, 2018, investors will continue to be able to convert from one share class of the fund to a different share class of the fund, provided the investor meets the eligibility criteria for the new share class. New T. Rowe Price IRAs in the fund may be opened only through a direct rollover from an employer-sponsored retirement plan. If permitted by T. Rowe Price, the fund may also be purchased by new investors in intermediary wrap, asset allocation, and other advisory programs when the fund is an existing investment in the intermediary’s program.
The fund’s closure to new investor accounts does not restrict existing shareholders from redeeming shares of the fund. However, any shareholders who redeem all shares of the fund after September 4, 2018, will not be permitted to re-establish the account and purchase shares until the fund is reopened to new investors. Transferring ownership to another party or changing an account registration may restrict the ability to purchase additional shares after the close of the New York Stock Exchange on September 4, 2018.
The fund reserves the right, when in the judgment of T. Rowe Price it is not adverse to the fund’s interests, to permit certain types of investors to open new accounts in the fund, to impose further restrictions, or to close the fund to any additional investments, all without prior notice.
The date of this supplement is July 26, 2018.
F111-041 7/26/18
Institutional fund version closing:
https://www.sec.gov/Archives/edgar/data/852254/000085225418000044/iemstatsticker72718-20184.htm

FYI: (The Linkster has always favored funds with a single manager, you know 'to many cooks", but in this case you've must give the devil its do.) If you manage $28 billion in client money, you may find it hard to beat benchmark indexes because of the sheer scale of investments you must buy.
That’s why some fund-management firms have started “index-plus” funds, which essentially replicate the benchmarks for most of their holdings. The secret sauce is stock selection around the edges in an attempt to outperform the benchmark but, more importantly, never underperform.
T. Rowe Price Group’s TROW, -2.04% version of such a fund is the $720 million T. Rowe Price Capital Opportunity Fund PRCOX, +0.89% overseen by Ann Holcomb and three other portfolio managers. In an interview July 24, she explained that a total of $28 billion is managed, mostly for institutional clients, using the fund’s “index-plus” strategy.
Regards,
Ted
https://www.marketwatch.com/story/these-four-fund-managers-and-30-analysts-figured-out-how-to-consistently-beat-the-sp-500-2018-07-26/print
M* Snapshot PRCOX:
https://www.morningstar.com/funds/xnas/prcox/quote.html
PRCOX Is Ranked #18 In The (LCB) Fund Category By U.S. News & World Report:
https://money.usnews.com/funds/mutual-funds/large-blend/t-rowe-price-capital-opportunity-fund/prcox

Manning and Napier was a terrific brokerage with great, steady, conservative funds, out of small city Rochester NY, when it was privately owned by the guys that started it. The company went public in 2011 and hasn't been the same since. Now they have to answer to stock owners, not their mutual fund clients.

Interesting -- Number 11 INVESTMENT-GRADE YIELDS has been well above 2% since 2009 (except for a recent brief dip below). That's a long time to be indicating a recession which still doesn't seem to be imminent.
David

Not a good day for Ford and Chrysler. Both are affected by the tariffs.
https://reuters.com/article/us-fiatchrysler-ceo/fiat-chryslers-marchionne-dies-shares-dive-on-profit-slide-idUSKBN1KF1ST?il=0
https://msn.com/en-us/money/companies/fords-profit-tumbles-by-almost-half/ar-BBL3yjP
It is likely to see more poor reporting in coming weeks.

PGLOX is a new fund that started in 2017. Lots to like with small AUM, $17.3M. The #1 holding is Amazon (10%) that likely to contribute to the outperformance over VDC.

+1