Let's bring in now CNBC contributor Adam Parker of Triariat Research back here post nights. Good to see you. Have you moved on from all this.Are you how fixated are you on on what's actually taking place on trade. I mean this week I've gotten zero questions from institutional investors so far. Not a single one.No. Probably done seven or eight Zooms, couple inerson meetings, and I had a big dinner last night with eight big investors and didn't really come up. Does that tell you that we're desensitized to it ...

I think the market really expected that what we would see here is an extension of that August 12th deadline. That was sort of a low bar for these talks. People thought if they can kick the can another 90 days and keep the truce in place that happened back in London, that's basically a win for Stockholm.Did you agree to kick that can down the road or is that pending President Trump's approval. >> Well, it's it's pending President Trump's approval. He has final say on all the trade deals.I spoke to him right ...

Market Trends & Trade - Trade deals and talks should matter a lot to the macro market, but much of it is already priced in [2] - The market is pricing in the absolute best-case scenario regarding a potential 90-day reprieve on trade issues [3] - The market yawned at the EU deal, indicating it was already expected [4] Risk Assessment & Market Sentiment - The market has shifted from complete risk aversion to complete risk acceptance in a matter of weeks [6] - There are signs of real froth in the market, with some describing it as a "flight to crap" [6] - The market is seeing levels similar to 2021 when money was free, which is worrisome [11] - "Flight to crap" is the opposite of "flight to quality," where investors seek maximum risk [8][9] Meme Stocks & Speculative Trading - Meme stocks and companies with no earnings are seeing bids, and SPACs are back [5] - Individuals were buying the market in April, and risky trades have worked for them [10] - The activity surrounding meme stocks is more akin to gambling than investing [12] - Options activity often precedes social media hype for meme stocks, with peaks occurring shortly after the market opens [13] Company Specific Concerns - Kohl's bonds are trading around $0.70 on the dollar, indicating potential troubles ahead [14]

exchange with Citigroup's head of personal banking, Leslie. >> Brian. I might not know, but Gonzalo Luchetti might have an idea.Thank you very much for being here. The head of U.S. Personal banking for Citigroup. You oversee the group that launched this card.You have it here, actually, in case those sitting at home want to take a look at it. So why do this. And I ask in the context of in 2021, you all kind of pulled back a bit from from this space.And now it's become increasingly competitive in the four yea ...

joining us at the KBW Community Bank Investor Conference in New York. Next time we'll get you back on set. Tom, thanks for joining us.You just heard sort of good news on the borrowing from the credit card side. What kind of news are we hearing on the bank side. So, Brian, yes, thank you.We're with 115 companies here at our conference. And just like we heard from the quarterly earnings over the last couple of weeks, there's a sense that the quarter ended much better than it started and that the earnings impr ...

Treasury Secretary Scott Bessent joins 'Power Lunch' to discuss the trade deals signed with the European Union, confirmation of the Vietnam deal and much more. ...

On a personal level, we've developed great respect and Ambassador Greer knew knows several of the their team from the first administration and again I think it was the the level of momentum and the entire reordering that President Trump has done of the global trading system. So now here you have the the two largest economies in negotiation and as I've said before and we reiterated to them we don't want to decouple we just need to derisk with certain uh strategic industries whether uh it's the rare whether i ...

What can you tell us was agreed to in the room, if anything. Any specific agreements on any of those agenda items that you set up in the in the pregame, as you called it. Uh, well, we we continually uh are perfecting their rare rare earth control system.It was a new system that was put in globally on April 4th and it's been a bit clunky. So you know we we keep pushing them to uh work on that and it's the entire global supply chain because uh the restrictions or the controls aren't just on the US it's on eve ...

If we boomerang back to the April 2nd level, they would go to 34. Uh I I noticed as the earlier question said that the Chinese deputy minister uh did did say that we had agreed on a pause. Uh we have not nothing is agreed until we speak with President Trump.Uh he's on Air Force One I believe doing a press conference right now and uh we will be seeing him in the Oval tomorrow to go over the deal with him and then he'll decide if the the pulse continues as is. >> And just to be clear, Gavin, the president has ...

Federal Reserve Policy & Interest Rates - The Federal Reserve is expected to hold rates steady this week, with a potential rate cut in September [1] - Survey data indicates a 27% expectation for a rate cut, despite 100% believing there will be no cut in July [1] - The chance of recession has fallen to 31%, down from 38% in June and 53% in May [2] - Current rate outlook anticipates approximately two rate cuts this year and two more next year [2] - The market is pricing in 100 basis points of cuts, but the 10-year forecast only goes down to 425 basis points, suggesting a steepening of the curve [10][11] - Easing to come will be a recalibration of bringing down the policy rate and in the process resloping the yield curve, potentially another 100 basis points down to 338 basis points [13] Potential Fed Chair Candidates - The race to replace Fed Chair Jay Powell is a three-way tie between Kevin Walsh (24%), Scott Besson (24%), and Hasset (22%) [1][3] - Fed Governor Waller is also a candidate, polling at 14% [3] - Scott Besson suggests a new Fed chair could be picked as early as December [3] - Paul McCaulay advocates for Governor Chris Waller, citing his monetary policy scholarship, experience as a Fed governor, and sound economic principles [5][6][7] Potential Dissent - There is an expectation that Governor Waller and Fed Vice Chair of Supervision Michelle Bowman could dissent with the decision not to cut rates [8] - A double dissent from Fed governors hasn't been seen since 1993 [9]