the response to the EU deal. The fact that you've got countries like France now coming out and saying, "Wait a minute, what did we actually get here?" It is the era of asymmetric deals. We've seen this with Japan.Now, Europe is the latest to sit back and question, you know, what what is it that we actually got here. What did the US concede um in this deal. Because it seems like we conceded a lot.Um, and you know, it it reminds me of when I was a teenager and I asked my parents for a nice car and your parent ...

US-China Trade Relations - The US expressed concerns about China's global overcapacity and purchases of sanctioned Iranian oil, which account for approximately 90% of Iran's oil sales [2] - The US also expressed concerns about China selling approximately $15 billion of dual-use technologies to Russia [2] - The US reiterated its trade policy goals of reducing US deficits, increasing manufacturing, and reshoring the economy [3] - The US aims to "derisk" rather than "decouple" from China, focusing on strategic industries like rare earths, semiconductors, and medicines [5] - Discussions included accelerating the flow of rare earth magnets from China to US companies [4] - China had previously blocked all of their rare earth magnets, but now the US is receiving them [17] Trade Imbalances and Tariffs - China's economy is described as the most unbalanced in modern times, with 30% of global manufacturing and a 2% current account surplus of global GDP [13] - The US is tracking an annual trade deficit with China, but it is expected to be at least $50 billion smaller this year [15] - Section 232 investigations on pharmaceuticals and semiconductors will be applied globally, without targeting any specific country [16] - Potential tariffs on countries buying sanctioned Russian oil could range from 0% to 500%, with the US Senate considering a bill to grant the president discretion to apply secondary tariffs [37] Potential Tariff Pause and Future Discussions - A potential pause on tariff increases is under discussion, with a possible duration of 90 days [9][42] - If the pause is not extended, tariffs could revert to a 34% level, potentially reaching 80-85% depending on the product [18][20] - Further technical discussions are ongoing between the US and Chinese teams [10] - A phone call between President Xi and President Trump occurred in June, during which President Xi invited President Trump to Beijing [22][23] US Economic Outlook - The US economy is performing well, with the biggest downturn in inflation in four years observed in May [33][34] - The US is expected to receive a minimum of $300 billion in tariff income this year, representing 1% of GDP [41]

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 ...

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]