We're here in South Korea where President Trump just left on his way back to Washington. And the president says that he has reached a trade deal with China, although the Chinese have not confirmed details yet. Still, the president says that this meeting with Chinese President Xi Jinping was a success.>> I thought it was a great meeting. I I think it was a very friendly meeting. uh it was a good meeting for two very large powerful countries >> and that he's decided to lower tariffs on China from around 57% o ...

Market Overview & Fed Policy - A 25 basis point rate cut by the Fed is generally beneficial for the credit market [1] - The market is uncertain about future rate cuts beyond the current one [2] - Tariffs initially caused inventory pre-buying, delaying the impact on prices, but Q3 is when the impact is expected to be felt [3][4] Credit Market Conditions - Credit spreads are currently tight [4] - High yield market quality is at its best in a decade, with the highest percentage of double B and lowest percentage of triple C ratings in over 10 years [5] - Current tight spreads are considered reasonable given the current risk levels [6] Investment Strategy & Economic Outlook - Equity market valuations require significant growth, while credit offers contractual returns, making credit potentially more attractive in a slowing economy [6][7] - Contractual returns in credit are yielding approximately 7% to 8% [7] - Signs of a slowdown include consumer spending trends, particularly among low-end consumers, and rising credit card delinquencies [8][9] - The market is heading into a credit picker's market, where the ability to select good credits will be crucial [10][11] - Core high yield and loan credit below investment grade are in a relatively good position with low leverage and good liquidity [11]

BREAKING: Caterpillar Jumps As AI Data Center Boom Fuels Growth Amazon (AMZN) is carrying some not-so-positive recent headlines into its third-quarter report due Thursday, with a widespread AWS outage last week and plans for 14,000 layoffs announced Tuesday. But the focus for Amazon stock investors likely remains the same as previous quarters: It's all about AI. "In the AWS segment in particular, the company is fighting against a narrative that it is somehow behind in the early innings of the AI revolution, ...

And now it's day 30. He was talking about day 29 yesterday. Joining us now is Democratic Senator Katherine Cortez Masto of Nevada.And she's one of the few Senate Democrats to repeatedly side with Republicans voting for the House bill to fund the government. Senator, thanks for taking the time. There's been some reporting of quiet negotiations happening behind the scenes that you've been part of.First, where do those conversations stand right now. Do you expect any imminent breakthrough. >> Well, good mornin ...

Core Insights - Volkswagen's financial performance in Q3 was significantly impacted by tariffs, resulting in a nearly $1 billion hit to the bottom line, with total tariff costs for the first nine months reaching $2.44 billion [1][2] - The company has lowered its financial expectations for the year, projecting an operating return on sales of 2% to 3% and a net cash flow of breakeven [2] Financial Performance - Volkswagen reported a Q3 revenue increase of 2.3% year-over-year to 80.3 billion euros, but faced an operating loss of 1.3 billion euros compared to a profit of 2.83 billion euros in the previous year [6] - The group operating margin was reported at 5.4%, but increased trading tariffs are expected to burden the company by up to 5 billion euros on a full-year basis [2] Tariff Impact - The US tariffs on imported vehicles amounted to 800 billion euros ($925 million) in Q3, contributing to a total tariff impact of 2.1 billion euros ($2.44 billion) for the first nine months [1] - The tariff exposure in Q2 was higher at $1.52 billion, prior to a trade deal with the EU that reduced some tariffs to 15% starting in August, while 27.5% tariffs remain for vehicles made in Mexico [4] Production and Deliveries - Total vehicle deliveries increased by 1% in the first nine months, but US deliveries fell by 8%, highlighting the challenges faced in the American market [5] - Volkswagen is in discussions with the US government to potentially expand vehicle production in the US, with an Audi plant being considered [6] Brand and Market Challenges - The Porsche brand faced a significant charge of $5.92 billion related to changes in its electric vehicle rollout and brand goodwill, indicating ongoing challenges within the company [3] - The operating result (EBIT) for Volkswagen last year was 21.7 billion euros, meaning the current tariff-related losses equate to 23% of last year's profit [3]

Trade Agreement & Negotiations - The US and China reached a one-year agreement, subject to annual renegotiation, but the sustainability of this open-ended situation may rattle markets and businesses [22][25] - The US agreed to reduce tariffs on China, effectively bringing them to 47% [3][4] - China committed to resume purchasing "tremendous amounts" of US soybeans, other farm products, and US energy [4] - China will supposedly allow the open and free movement and exports of critical rare earth minerals, though specifics remain unclear [5][6] - The US will allow certain chips and semiconductors to be exported to China, with Nvidia authorized to have direct talks, except for Blackwell chips [4] Key Omissions & Concerns - Finalization of the TikTok deal and discussions regarding Taiwan's independence were notably absent from the meeting [7][16] - Concrete assurances on fentanyl were not secured, despite it being a key issue that initiated the tariff war [10][11] - China's statement lacked details regarding a trade deal, contrasting with President Trump's optimistic outlook [2] - There are concerns that China may not follow through on agreements, as seen with past egg-buying commitments [5] Market & Economic Impact - Despite tensions, China remains a major trading partner, being the third-largest source of US imports last year [8] - High tariffs on both China (47%) and other regions (e,g, 50% on Brazil and India) may reduce pressure for companies to relocate from China [8][9] - The agreement aims to restore stability to US-China trade relations, but its longevity is uncertain [9][10] Geopolitical Implications - The US considering restarting nuclear weapons testing, halted since 1992, raises concerns about weakening international norms and potentially benefiting China [29][30][32] - China has conducted significantly fewer nuclear tests (around 45) compared to the US (1,045), giving them a potential advantage if testing resumes [32]

President Trump returning uh to the US this after his face-to-face meeting with Chinese his Chinese counterpart Xiinping. Uh that was in South Korea. Trump says fentanyl linked tariffs on China will be lowered by 10% uh to 20% or excuse me they are now going to be 10% they were 20%.That'll be effective immediately. Beijing also agreeing to delay rare earth export controls by a year. Of course, as our viewers well know, that impacted a lot uh of different stocks and the market overall.Trump also saying he an ...

Core Viewpoint - Ford's stock price has significantly rebounded this year, increasing by over 61% from its lowest point, as concerns regarding Donald Trump's tariffs and China's rare earth restrictions have diminished [1] Group 1 - The stock price recovery indicates a positive market sentiment towards Ford, reflecting investor confidence [1] - The reduction in fears related to tariffs and rare earth restrictions has contributed to the stock's strong performance [1]

As Trump raises tariffs across Asia this week, Congress has been voicing its concern about the hit to US small businesses https://t.co/fnHwfHR8DZ ...

The New York City Marathon is this Sunday. That race attracts athletes from all over the world and CEOs from major brands because of its prestige and global appeal. Joining us right now is one of those CEOs who are flocking here to New York City this weekend.Dan Sheridan is Brooks running CEO and Dan, thanks for coming in. >> Thanks for having me. It's nice to be in New York. >> It's great to have you here.Now, you guys are not an official sponsor of the New York City Marathon. Uh but you do have a lot of p ...