Trump and Xi to meet in South Korea, while US terminates trade talks with Canada

Group 1: Trade Relations and Tariffs - President Trump has terminated trade negotiations with Canada due to an ad opposing his tariff plans, which he labeled as "fake" [2][3] - Trump has imposed a 35% tariff on Canadian goods not covered by the USMCA, impacting an estimated $928 billion trading relationship [3][4] - The Ronald Reagan Presidential Foundation criticized the ad for misrepresenting Reagan's views, which Trump often cites as inspiration [4] Group 2: Market Reactions and Economic Indicators - Wall Street is expected to open positively amid easing trade tensions and optimism in the tech sector [6][7] - The upcoming inflation reading is anticipated to show consumer prices holding around 3%, complicating the Federal Reserve's path to its 2% target [8][9] - The government shutdown has delayed the release of key economic data, including employment figures [9][49] Group 3: Technology and AI Investments - Google and Anthropic have announced a multi-billion dollar deal for specialized chips, enhancing Google's position in AI hardware [36][37] - Intel reported third-quarter earnings that exceeded expectations, leading to a nearly 8% increase in its stock price [11][12] - Vantage Data Centers is building data centers for Oracle as part of a $500 billion investment in AI infrastructure [10][11] Group 4: Gold and Bitcoin Market Trends - Gold funds experienced their largest weekly inflow on record, indicating a shift towards gold as a safe haven despite recent price declines [23][29] - Bitcoin has shown significant volatility, with predictions of its price reaching $200,000 in the near term, although some analysts remain skeptical [26][27] - Central bank demand has driven gold's strong performance, with a 55% increase year-to-date, marking its best annual performance since 1979 [29][30] Group 5: Upcoming Earnings and Market Movements - Over 170 companies are expected to report earnings next week, including major players like Microsoft, Meta, and Amazon, which are crucial for the S&P 500 [47][48] - Procter & Gamble reported better-than-expected sales, with a 2% organic revenue growth, leading to a 3% increase in its stock price [50]