The U.S. and China have agreed to a framework to implement the trade truce they struck in Geneva last month, after two days of talks in London. https://t.co/ffEmJ5gCBW ...

INFLATION IN, UP .3%. KATIE: A GREAT ROUND UP. ONE OF THE TOP STORIES THIS MORNING.THE OTHER TOP STORY IS THE WHITE HOUSE CELEBRATING A STRING OF TRADE WINS. THE U.S. AND CHINA ESTABLISHED A FRAMEWORK -- A FRAMEWORK FOR IMPLEMENTING THE GENEVA TRADE AGREEMENT BUT IT STILL NEEDS APPROVAL FROM PRESIDENT TRUMP AND TRIP -- AND PRESIDENT XI. AND AN APPEALS COURT ALLOWED TRUMP TO CONTINUE ENFORCING HIS TARIFFS THROUGH JULY.TYLER, BRING US TO THE TRADE FRAMEWORK THAT WE SEEM TO HAVE ESTABLISHED WITH CHINA, WHAT DO ...

Treasury Secretary Scott Bessent is set to testify before the House Ways and Means Committee at 10 am Wednesday, fresh off the plane from London where he led the US team in trade talks with China. Both sides have now established a framework for implementing the Geneva consensus that last month brought down tariffs. ...

Just moments away from the start, 4 minutes from the start of the European trading day here. I guess CPI hangs over these markets as the big set piece event. Absolutely it's CPI.And then, of course, the Treasury auctions. There's a ten year today, a 30 year tomorrow. So I think that there's a little bit of bias towards yields to rise, but that's obviously with no kind of prior knowledge about what CPI will print.I also think there's a little bit, but probably bias for stocks to go down at the margin, but no ...

(door slamming) (camera shutter clicking) (onlookers faintly speaking) (car engine rumbling) - We have reached a framework to implement the Geneva consensus and the call between the two presidents, right. So that was on June 5th. So we've combined those two.We've reached a framework for implementation. So the idea is we are going to go back and speak to President Trump and make sure he approves it. They're gonna go back and speak to President Xi and make sure he approves it.And if that is approved, we will ...

ANNA: GOOD MORNING FROM LONDON I'M ANNA EDWARDS ALONGSIDE GUY JOHNSON. WHERE AN HOUR AWAY FROM THE OPENING TRADE. DAY TWO U.S.-CHINA TRADE TALKS RESUME IN LONDON WITH OFFICIAL SOUNDING OPTIMISTIC ON THE OUTCOME.WE ARE LIVE FROM LANCASTER HOUSE WHERE DISCUSSIONS ARE TAKING PLACE. UNREST, OR WASHINGTON SINCE HUNDREDS OF MARINES TO LOS ANGELES IN RESPONSE TO PROTESTS. CALIFORNIA'S GOVERNOR BECAUSE THE MINISTRATIONS ACTIONS RECKLESS.APPLE PLAYS CATCH UP, INVESTORS GIVE A LUKEWARM RESPONSE IS THE ANNUAL DEVELOPE ...

Market Trends & Trade Talks - Trade talks between the U S and China are ongoing, with the aim of easing tensions over technology and rare earth elements shipments [8] - Optimism surrounds Chinese shares, with Hong Kong and China markets up approximately 20% from April lows, fueled by a tech revival [5] - Markets are pricing in optimism about trade deals, but the quality, type, and size of the deals remain uncertain [31] Monetary Policy & Economic Data - The Bank of Japan (BOJ) Governor's comments on inflation are perceived as dovish by some, influencing dollar-yen trading [6] - The market is closely watching the 30-year bond auction to gauge demand and its potential impact on policy decisions [3, 32] - The Bank of England is forecast to cut fewer than two additional times this year, leading markets to readjust their views [25] Company News & Developments - Apple unveiled a software redesign but investors showed lukewarm response due to a lack of AI developments, with the stock ending the day down 1 2% [2, 27, 89] - Barclays is preparing to cut over 200 investment banking jobs to invest in priority areas like rates, equity derivatives, and product trading [40] - TSMC's year-to-date sales increased by 42 6% in Taiwanese dollars, with monthly sales up around 40% [46] Geopolitical Risks - The Trump administration sent hundreds of marines to Los Angeles in response to protests, escalating tensions with California's governor [1, 14] - Russia launched nearly 500 drones in a sweeping attack on Kyiv and Odessa, underscoring continued conflict and stalled peace talks [48, 49] - Iran's inventory of close to weaponry-grade uranium is at record levels, growing by 50% in the last three months, raising concerns from the nuclear watchdog [54] Alternative Investments - Bitcoin is gaining, nearing record highs of around 111,000 dollars per coin, driven by regulatory changes and risk-on sentiment [3, 85, 86]

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies covered [19]. Core Insights - China's inflation is expected to soften, with May CPI reported at -0.2% due to weaker food prices and intensified price competition ahead of the shopping festival [8][10]. - Australia’s business sentiment has likely softened in May, reflecting broader economic challenges, particularly in profitability and new orders [8]. - India's CPI is projected to slow year-over-year but rise sequentially due to higher food prices [3]. - Japan's GDP growth has been revised to -0.8% QoQ SAAR, indicating economic contraction [4]. Summary by Relevant Sections Australia - Business confidence declined in May, with a reported score of -1, indicating broad-based weakness in the business environment [10]. - Consumer sentiment improved slightly in June, attributed to a second rate cut, while views on future conditions remain a focus [8]. China - CPI for May decreased to -0.2%, while PPI fell to -3.3%, reflecting weaker industrial demand amid tariff shocks [8][10]. - Exports are expected to slow to 4% YoY, with imports remaining soft at 0% YoY due to sluggish domestic demand [8]. India - CPI for May is reported at 3.0%, indicating a slight decrease from the previous month [10]. Japan - The second preliminary GDP report shows a slight downward revision in real capital expenditure, while public investment has been revised upward [4].

This is Horizons Middle East and Africa. Now top stories this morning. The US and China are ready to resume trade talks in London today, but the flow of rare earth minerals set to be a key focus.Clashes between law enforcement and demonstrators in Los Angeles over anti deportation protests are escalating. President Trump's deployment of the National Guard and flames residents with Governor Newsom requesting the White House pull the troops out. And Bloomberg learns the matter is in talks to invest in start u ...

Summary of Key Points from the Conference Call Industry Overview - The conference call discusses the U.S. economic outlook, particularly focusing on the first quarter GDP and private domestic demand trends. Core Insights and Arguments 1. **GDP Revision**: The second release of Q1 GDP shows a modest contraction in growth at -0.2%, revised from -0.3%, primarily due to a surge in imports before tariffs [1][3] 2. **Private Domestic Demand**: Final private domestic demand rose by 2.5%, indicating stronger underlying demand than the overall GDP figure, although revisions suggest a softer demand than previously thought [1][6] 3. **Consumption Trends**: Consumption, especially in services, was revised down significantly from 2.4% to 1.7%, with overall consumption growth at 1.2%, the weakest since Q2 2023 [3][7] 4. **Business Investment**: Business investment in equipment was revised modestly higher, reflecting potential front-loading of investments before tariffs, particularly in information processing equipment [4][8] 5. **Residential Investment**: Residential investment contracted by 0.6% in Q1, indicating potential ongoing weakness in the housing market, which could signal broader economic concerns [4][9] 6. **Inflation and Corporate Profits**: Core PCE inflation was revised slightly lower to 3.41%, while corporate profits fell by 11.3% QoQ annualized, marking the largest decline since Q4 2020 [5] 7. **Trade Dynamics**: Trade remains a volatile factor in GDP growth, with expectations that a decline in imports could boost growth, but this may be offset by weaker consumption and investment [10] Additional Important Insights 1. **Front-loading of Purchases**: The increase in goods spending in March was attributed to front-loading purchases before tariffs, particularly in autos, which may not sustain in the following quarters [7] 2. **Future Economic Outlook**: The expectation is for continued weakening in final private domestic demand throughout the year, influenced by higher prices from tariffs and financial concerns [6] 3. **Upcoming Data**: Advance data on goods trade for April is anticipated to provide insights into trade patterns for Q2 [10]