We have some breaking news. A top Chinese official now says Beijing has agreed to extend its tariff truce with the US after an intense two days of talks between the world's two largest economies. Very few details have been given so far.We don't even know how long this extension will last. But earlier this morning, the president denied that he was seeking a summit with President Xi, although he did leave the door open to visiting China if an invitation was extended. Joining us now, Natasha Sarin, professor a ...

you can uh wrap China into this but other countries where things are I mean Canada what about Canada uh I don't know what they're feeling now um at this point India that's pro is that imminent um what do you expect to happen and and what's really happening with with China in in your view right now have things are things going okay with with with some of the president's comments about fake news says I want a meeting with shei it's it's not true we thought that that there there was eventually going to be some ...

Let's get to Ed Yardi. Yardenni uh research president. You think I mean we've had the case made that the the stock market is wrong.Basically what someone was saying earlier about the way it's react because it's going to be anti-growth. Even the trade deals themselves. This individual Roger Alton said the trade deals themselves are anti-growth and inflationary and the stock market is just ignoring it because of AI.I guess was >> well I I I think the stock market is uh just discounting the facts that we've le ...

Many times in my career, I've heard people claim that a week was pivotal, as if it can change the direction of the entire market. Next week, no hyperbole is pivotal. It's significant.I'm willing to make it a free fire zone of superlatives. And here's why. We have not only a Fed meeting, not only the non-farm employment report, but we also have earnings from Apple, Amazon, Meta Platforms, and Microsoft.In short, next week determines the market's direction for the duration or at least the rest of the summer. ...

Stocks are heading for another record close today. The only question now, how long can this rally last. Let's ask the Wharton School professor of finance, Jeremy Seagull, joining us once again.It's good to see you again. That is the the question on everybody's mind. What's your answer.Uh things are looking good. I mean, I think the trade agreement with Japan that now looks like it is going to be extended uh to the EU is about as good as the market had expected. Um and maybe that's going to ease things on Ca ...

Market Trends & Investment Opportunities - The news of Nvidia being able to sell H20 chips in China suggests there is more room to run on the AI trade, particularly in the semiconductor sector [1][2] - The market may see a resurgence in the infrastructure part of the AI theme [2] - Investors are rotating sectors, with industrials benefiting from tech and AI optimism [7][8] - There's a potential shift towards AI delivery infrastructure plays, including power generation and delivery, positioning AI as a central economic theme for the next 25 years [9][10] Investor Sentiment & Economic Factors - Investor sentiment is rising quickly, especially among professional investors, from a low starting point two months ago [3][4] - The normalization of investor sentiment is a reaction to the resolution of issues that were previously holding investors back, such as trade deals [6][7] - The market is anticipating trade deals, with Trump's openness to chip sales to China signaling a desire for deals [5][6] Disagreement with Bearish Outlook - The speaker disagrees with Morgan Stanley Wealth's bearish outlook, particularly regarding the dollar's weakness and margin story [13] - The speaker believes the margin story is driven by productivity gains from the tech boom [14] - The speaker anticipates positive earnings season results, driven by consumer and business activity following the passage of the "big beautiful bill" and reduced terror guidelines [15][16]

Trade Policy & Strategy - The Trump administration's trade policy is characterized by inconsistency, including tariff delays, unreleased deals, and contradictions between the President and his staff [1][2] - The administration initially imposed reciprocal tariffs, then paused them, and subsequently extended the deadline, creating uncertainty [2] - The administration's messaging on trade deals is inconsistent, with negotiators finalizing deals that the President later seeks to improve [3][4] - The administration aims to expedite trade negotiations, potentially leading to both gains and risks for the overall trade agenda [6] Tariffs & Deadlines - Reciprocal tariffs were initially imposed around April 2nd, then paused for 90 days, with a deadline set for July 9th, which was later extended [2] - The new deadline for tariffs was set for August 1st [2][5] Negotiation Tactics - The administration uses letters posted on Truth Social to announce tariff rates, while also suggesting potential adjustments based on how the US is treated [5] - The administration's approach aims to accelerate negotiations and potentially extract more concessions from other nations [6]

Trade Policy & Economic Impact - The report highlights the administration's inconsistent tariff policies, including the imposition of tariffs on 90 countries, subsequent suspension, and failure to deliver on promised trade deals [1] - The report mentions the arbitrary nature of tariff rate calculations, based on "common sense, deficits, how we've been treated over the years and based on raw numbers," raising concerns about the rationale behind trade policy decisions [5] - The report suggests potential negative impacts of immigration enforcement policies on the economy, particularly concerning the agricultural sector and farm labor [11][13][14] Leadership & Decision-Making - The report questions the President's understanding of economic matters and his awareness of policy details, citing instances of contradictory statements and apparent lack of knowledge regarding executive orders [1][2][3] - The report raises concerns about the decision-making processes within the administration, particularly regarding military support to Ukraine, where the President claimed ignorance about who ordered the pause of weapon shipments [15][16][17][18][19] International Relations & Diplomacy - The report points out errors in letters sent to foreign leaders, such as misidentifying the leader of Bosnia and Herzegovina, indicating a lack of attention to detail in diplomatic communications [8] - The report highlights potentially insensitive remarks made by the President regarding the English proficiency of the Liberian President, suggesting a lack of cultural awareness [9][10]

Trade Policy & Tariffs - President Trump considering tariffs on goods from the Philippines (20%) and Iraq (30%) if trade deals are not reached by August 1st [1] - President Trump announced a 50% tariff on goods from Brazil [2] - The US administration claims to be taking in hundreds of billions of dollars due to tariffs [3] Impact on Businesses - Some American companies believe the president's tariffs have leveled the playing field [3] - Some companies are hiring more people in the US as a result of the tariffs [4] - Other businesses report devastating impacts due to uncertainty [4][5] - A packaging company in Pennsylvania finds it difficult to stop importing products from China due to the decline in domestic plants, machinery, and skilled labor [5] US - China Trade - Some American companies find it offensive that Chinese manufacturers are allegedly dumping products in the US at prices below the cost to manufacture them in the US [3] Political Landscape - White House Chief of Staff Susie Wilds described Elon Musk's departure as a "very troublesome ending" [6] - President Trump finds it ridiculous for Elon Musk to start a new political party [6]

Joining us now is Wendy Cutler, vice president at the Asia Society Policy Institute. She's a former acting deputy at the US Trade Representatives Office and worked on negotiations including on the TPP deal and high level China talks. And Wendy, it's great to have you on the show.Welcome. Thank you. Um so, so let's start right there because we did see these deadlines for the cipal tariffs at least in terms of u the the companies for which these letters have gone out extended to August 1st.How much can get do ...