![Schwab Market Update Audio show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/088/409/small/schwab-market-update-audio.png)
Summary: December 12, 2019Global equities rallied today on hopes that the worst of the China-U.S. trade spat may be over. President Trump tweeted that the U.S. is "getting very close to a big deal with China," and U.S. equities responded by closing near record highs.