Stocks surge as trade war put 'on hold'

Stocks take off as the free traders in the White House prevail, for now. Plus, Consumer Reports dings Tesla. Is it a huge blow or just another temporary roadblock for Musk and his Model 3? And, Netflix splashes out for the Obamas. Is it a smart move or too political for tech’s streamer-in-chief? Plus, Verizon’s head honcho Lowell McAdam is here, and he’s talking 5G, content, and what’s next for telecom. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland and Yahoo Finance Editor-in-Chief Andy Serwer.

Winners and losers

Stocks in the red include Baidu as COO Qi Lu will be stepping down from the Chinese search giant due to personal and family reasons; Campbell Soup as Bank of America Merrill Lynch downgraded shares to Underperform, claiming 2018 will be a transition year for the struggling food company; and Celgene, with shares dropping on reports the drugmaker’s business development head and top dealmaker left the company.

Stocks in the green include MB Financial, as Fifth Third Bancorp is buying the bank operator for $4.7 billion in cash and stock; Micron Technology, as the the chipmaker raised profit and revenue guidance at its investor day; and Boeing as it and other industrials get a huge lift from China trade war talk easing. Separately the FAA approved a new feature of foldable wing technology for Boeing’s 777X commercial airplanes.