China has been a yuge buzzword since last year’s election, with President Trump criticizing Beijing for everything from “unfair trade practices” to threatening to label the Asian economic powerhouse as a currency manipulator. Trump has built China up to seem like an unstoppable economic force. But that’s all looking to change. The Chinese debt rating was cut by Moody’s Investors Service for the first time since 1989. How does China respond from here?

Read The Capitalist’s Take Here

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CBO SAYS HOUSE GOP BILL TO LEAVE 23 MILLION FEWER AMERICANS WITH INSURANCE

The House Republican health care bill would leave 23 million fewer Americans with health insurance by 2026 than under Obamacare, the nonpartisan Congressional Budget Office said Wednesday. The highly anticipated CBO score is poised to trigger another round of negative headlines and more hurdles for Republicans as they look to advance a controversial piece of legislation that was passed in the House earlier this month. The CBO also found the bill would reduce deficits by $119 billion compared with Obamacare.

Read More at CNN Here

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MANCHESTER ATTACK: 6 ARRESTED AS POLICE PROBE TERROR NETWORK

A woman was arrested in Manchester following an armed raid on a block of flats late on Wednesday evening in connection with Monday's suicide attack. Another suspect, believed to be carrying a package, was arrested in Wigan earlier today as detectives probe a “network” linked to the Manchester suicide bomber. Six people have now been arrested.

Read More at The Telegraph Here

Read More at CBS Here

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Closing Bell

– Wednesday, May 24th

Markets Rise UP as Investors Await Next Fed Hike

Big Insider Trades

– Eversource Energy (ES) COO Werner Schweiger Sells $3m

– American Assets Trust, Inc. (AAT) CEO Ernest Rady Buys Another $1.1m