We did see Donald Trump deplane. He is, of course, officially arrived in Tokyo. Do for, I believe, the second stop on his Asian tour.He'll be going to South Korea later this week to have that high stakes conversation with his Chinese counterpart, President Xi Jinping. Already, of course, a very quick turnaround when it comes to the conversation in Malaysia. There he is arriving in Tokyo.He's due to meet with the Japanese emperor today and then he goes on to have a working lunch and meet with Taki ichi. That ...

Government Shutdown & Fiscal Policy - The speaker suggests the government shutdown is due to Senator Schumer's declining poll numbers and negotiation tactics influenced by Representative Ocasio-Cortez [5][6] - The administration aims for a clean Continuing Resolution (CR) and criticizes Democrats for demanding a 15 trillion increase in spending, which they believe could lead to inflation [9][10][11] - The speaker highlights the administration's focus on cutting prescription drug prices and claims the largest spending cuts in history have already occurred [16][17] - The speaker mentions the potential for a hit to GDP growth due to the government shutdown [18] Trade & Agriculture - China is using American soybean farmers as leverage in trade negotiations [21][22] - The administration plans to provide substantial support for farmers, especially soybean farmers, and is working with the Farm Credit Bureau [23][26] - The speaker notes a record harvest, potentially leading to storage issues and affecting prices [25] - The speaker anticipates a breakthrough in trade talks with China, potentially involving egg purchases, and criticizes the Biden administration for not enforcing previous agricultural purchase agreements [37] Federal Reserve & International Relations - The Treasury Secretary is interviewing candidates for the next Federal Reserve chairman [27][28] - The US is providing Argentina with a swap line, not direct financial aid, to support a free-market economy and maintain strategic interests in the Western Hemisphere [33][30] - A meeting between President Trump and the Chinese leader is expected in Korea, aiming to set the framework for future trade relations [36]

Deal Overview - A tentative deal has been reached to keep TikTok alive in the United States, averting a potential ban [1] - The deal framework was agreed upon during trade negotiations between the US and China [2] - The agreement aims to address US national security concerns while ensuring a fair investment environment for China [6] Key Players & Negotiations - Treasury Secretary Scott Bessent announced the agreement [2] - President Trump and President Xi are scheduled to finalize the details [2][7] - US Trade Representative Jame Greer emphasized the focus on TikTok and US national security during talks [6] Outstanding Issues - The specific private company involved in the deal (potentially buying TikTok) remains unknown [5] - Details regarding how national security concerns will be mitigated are still pending [8] - Potential changes to TikTok's tech infrastructure to prevent Chinese access to data are being considered [8]

Geopolitical analyst @tanvi_ratna explains what is happening behind the scenes of the trade negotiations, along with how she stopped the crypto ban in India. https://t.co/T1XVTgp8ND ...

Monetary Policy & Interest Rates - Treasury Secretary suggested the Fed should consider a 50 basis points (0.5%) rate cut at the next meeting in September [1] - The market has indicated for three years that monetary policy is too tight, as the ten-year Treasury yield has been trading below the Fed funds rate [10] - The Fed's own standards suggest interest rates are well above neutral [9] - There is pressure for lower rates, and the list of potential replacements for Jay Powell is expanding [19] - Lower rates would help interest-sensitive sectors of the economy like housing, autos, and manufacturing [23] Trade & Tariffs - President Trump is trying to protect U S business and industry through negotiations with China [2] - The Nvidia chip export tax is being considered as a model for others, potentially moving towards industrial policy [4] - National security concerns are a significant factor in trade policy [3][5] Data & Economic Indicators - Concerns exist regarding the integrity and quality of BLS (Bureau of Labor Statistics) data due to patterns and magnitude of revisions [7][8][13] - There is a need for more rigorous quantitative standards for economic data [7] - The trend in payroll growth has slowed [9] - The economy rebounded in the second quarter, and growth in the third quarter looks good [31]

Trade Negotiations & US-Mexico Relations - An extension was granted, fostering goodwill, with potential for real progress in the next 90 days [1] - President Sheinbaum is addressing security matters, a key priority for President Trump, and potential investments in the US by Mexican companies [2] - Trade negotiations have been ongoing in Washington for several weeks [2] - Momentum exists, suggesting a potential agreement within the next three months [3] Currency & Trade Deficit - The Peso has weakened since April but has been strengthening recently [3] - A stronger Peso presents a challenge by potentially increasing the trade deficit [4]

You're right. It's been a very dynamic time for these trade negotiations and um lots and lots of events in the intermedating period, but we we're still, you know, a ways away from seeing where things settle down. We are clearly getting more and more information and um you know, I think at this point people's estimates, our estimates, outside estimates of the of the likely um you know, effective effective level of tariffs is is not moving around that much at this point.But at the same time there are many man ...

Market Trend - Oppenheimer Asset Management predicts that progress in trade negotiations will lead to a third consecutive year of 20% gains for the S&P 500 [1]

Trade Negotiations - Canadian Prime Minister believes trade negotiations with the US will "intensify" [1] - Little evidence suggests the US administration is willing to completely drop tariffs in a deal [1]

Trade Negotiations - The U S President is open to more trade negotiations, including with the European Union [1] - The U S President insisted that his letters threatening new tariff rates are "the deals" [1]