Market Trends & Geopolitical Risks - Asia is expected to open cautiously due to fatigue in Wall Street's rally and ongoing geopolitical risks [1] - The market is closely watching Asia tech, especially NVIDIA's suppliers, after NVIDIA's all-time highs [2] - The Hong Kong Monetary Authority intervened by buying $1.2 billion of local currency to defend the currency peg [3][13] - President Trump is considering naming the next Fed Chair early, potentially undermining Chair Powell [3][4] - The U S will hold a meeting with Iran next week, but the extent of damage to Iranian nuclear facilities remains uncertain [5][24][25] - Trade truce deadlines are approaching, creating uncertainty about the impact of unresolved tariff issues on inflation [35] Monetary Policy & Currency Dynamics - Markets anticipate that Trump naming a Fed Chair successor earlier could undermine Fed autonomy and lead to a dovish chair, impacting the U S dollar [18][35] - The broader dollar trajectory is for dollar weakness [14] - The Hong Kong dollar is at risk of falling out of its peg against the U S dollar, necessitating intervention [15] - The PBOC is helping to drive down benchmark borrowing costs in Hong Kong, creating an arbitrage opportunity that is pushing down the Hong Kong dollar against the U S dollar [16][17] Company Specific News - CATL is prioritizing overseas expansion due to irrational competition and price wars in China's EV market [1][35] - Zero acquired Melio, a payments platform, for $2.5 billion to bolster its U S offering and capture more market share [37][38] - Xiaomi is launching its first electric SUV, the YU7, and investors are closely watching the pricing and initial consumer reactions [56][57][58]

- Incoming data suggests that the economy remains solid. Following growth of 2.5% last year, GDP was reported to have edged down in the first quarter, reflecting swings in net exports that were driven by businesses bringing in imports ahead of potential tariffs. Surveys of households and businesses, however, reported decline in settlement sentiment in recent months, and elevated uncertainty about the economic outlook, largely reflecting trade policy concerns.It remains to be seen how these developments migh ...

are finding ways to mitigate some of the impact on consumers. >> Let's get reaction from our guest, Charles Schwab senior investment strategist Kevin Gordon. Kevin, good to have you here.So you heard Daly saying things look good. Now, you've also talked in the past about the impact policy uncertainty is having on business confidence. How do you see that playing out in the markets for the rest of the summer.>> Yeah. Well, so far I mean the uncertainty has been more on the, you know, survey based side of thin ...

Thanks for having me on, Frank. Yeah, dollar's being held back by some uncertainty here and frankly being down 8%. It's just a scratch. Susan, it's just you're calling it just a scratch like Elon Musk.So, it's actually down more than 9%. But I want to get to the action this week in particular. So, I think a lot of people are saying people are piling into the dollar as a safe haven, but you're saying it's something a bit different.You're saying it's some short covering and just also a bare market bounce. Yea ...

You know, from our standpoint, what I can say is that the the US economy is in solid shape. Inflation has come down. The unemployment rate remains at 4.2%.As I mentioned, real wages are moving up. It's a it's a good uh job creation is at a healthy level. Unemployment, again, as I said, low labor force participation in a good place.So, and what we're waiting for to reduce rates is is to understand what will happen with with really the tariff inflation. And uh there's a lot of uncertainty about that. Every fo ...

lower today after the disappointing retail sales number. And as investors digest the latest developments in the Middle East, my next guest warns it might not even be geopolitics or the hard data that will be the next hurdle for stocks could be earnings season. Joining me now is Ironside Macroeconomics director of research Barry Knapp.And it's great to have you here on set. Welcome. >> Glad to be here.>> So many things I mean how are you discounting all of these disparate events from the Middle East drama to ...

Economic Outlook - The most recent data suggests a continuation of a soft landing, which is good news for the economy [2] - The economy was in a good position to absorb the stagflationary shock from tariffs, and the Fed was in a restrictive position [3] - Concerns exist regarding oil prices potentially offsetting disinflation in other parts of the economy [5] Tariffs and Inflation - Evidence of tariffs impacting inflation is present in recent reports, with appliances and commodity goods prices increasing [4] - $70 billion of tariffs have been collected, indicating that someone is bearing the cost [4] - The impact of tariffs on inflation is uncertain, with a divided outlook on whether it will be a one-off event or cause broader inflation [6] Federal Reserve Policy - The Fed is likely to lower rates in the coming months [1] - The Fed should wait and see before cutting rates, despite pressure, to avoid cutting into a bigger inflation problem [6] - The Fed is being cautious, and the downside of waiting is small [7] - Financial markets will likely price in easing before the Fed delivers it if stagnation worsens [8] - The Fed's transparency provides a release valve against being behind the curve, as markets will front-run easing [9]

I think we're going to accomplish a lot and I expect to and I think our primary focus will be trade and trade with Canada and I'm sure we can work something out. I'm a tariff person. I've always been a tariff.It's simple. It's easy. It's precise and it just goes very quickly. ...

US Economy Resilience - US economy is durable and can withstand a 15% effective tariff [1] - US economy is performing well, contrary to recession predictions [2] Market Sentiment - Markets are awaiting news regarding tariffs on China and Europe to stabilize [2] - Investors are holding a significant amount of cash, waiting for market clarity [2] - Abundance of cash is driving equity market increases [3]

Trump Claims ‘Great And Important’ Tariff Court Win: Here’s Why That’s Wrong https://t.co/aluHjjB5OS ...