Balance of Power: Trump Says He Deserves a ‘Pass'
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg's Michael McKee. American Action Forum President Douglas Holtz-Eakin. Bloomberg's Daniel Flatley. University of Michigan Professor of Public Policy and Economics Betsey Stevenson.
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22 minutes ago
- Yahoo
US stock futures lower after US and China reach trade agreement
U.S. stock futures are lower before May inflation data and details of a U.S.-China trade deal. After two days of talks in London, U.S. and China representatives said they reached a trade agreement and will now seek approval on the framework from the U.S. and Chinese presidents, before implementing it. The deal includes the U.S. rolling back some export restrictions on advanced technology in exchange for China's release more rare earths. In other trade news, President Donald Trump's administration is close to a deal with Mexico to lift the 50% tariff on a limited amount of imported steel, according to Bloomberg. Before the bell, investors will also see May inflation. May reflects the first full month of price data since Trump announced his aggressive tariff plan on April 2. Economists polled by Dow Jones expect a 0.2% month-over-month increase for a 2.4% annual increase. Treasury Secretary Bessent will testify at 10 a.m. ET to Congress. Futures linked to the blue-chip Dow fell -0.19%, while broad S&P 500 futures dropped -0.20% and tech-heavy Nasdaq futures slipped -0.20%. Dave & Buster's reaffirmed its full-year guidance and said data so far in June were encouraging. GitLab topped analyst estimates in the company's first three months of the year but its second-quarter outlook was soft. GameStop's revenues in the first three months of the year missed analysts' expectations. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday. This article originally appeared on USA TODAY: US stock futures lower after US and China reach trade agreement Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23 minutes ago
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China Urges US to Comply With ‘Hard-Won' Deal After London Talks
(Bloomberg) — China cheered a new framework to defuse trade tensions with the US after two days of intense negotiation, calling on both countries to adhere to the agreement and maintain dialogue to stabilize ties. Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NY Long Island Rail Service Resumes After Grand Central Fire NYC Mayoral Candidates All Agree on Building More Housing. But Where? Senator Calls for Closing Troubled ICE Detention Facility in New Mexico California Pitches Emergency Loans for LA, Local Transit Systems 'As a next step, the two sides should follow the important consensus and requirements reached by the two heads of state on the phone call, further play a good role in the China-US economic and trade consultation mechanism,' Vice Premier He Lifeng said, according to a Wednesday statement published by state broadcaster China Central Television. The two sides should 'show the spirit of good faith in abiding by their commitments and jointly safeguard the hard-won results of the dialogue,' he added. The statement offered no details on the specifics of the framework. The agreement comes after two days of high-stakes trade talks in London that concluded Tuesday night. Both sides said they'd agreed on a framework for implementing the Geneva deal that would revive the flow of sensitive goods between the countries. Despite reaching a truce that suspended drastic tariffs last month, the world's two largest economies later accused each other of violating that accord. US officials said China was stalling exports of rare earth magnets crucial for auto and defense sectors, while Beijing protested Washington's move to impose new curbs on chip design software, jet engine parts and student visas. The latest statement represents a step toward de-escalating a tariff war that had led to a slump in bilateral trade. However, it made no reference to rare earth magnets or US export controls, which had both been a focal point of the talks and main source of tension going into negotiations. The US and Chinese delegations will take that proposal back to their respective leaders, China's trade envoy Li Chenggang told reporters after the talks concluded. New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software American Mid: Hampton Inn's Good-Enough Formula for World Domination Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling ©2025 Bloomberg L.P. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
25 minutes ago
- USA Today
US stock futures lower after US and China reach trade agreement
US stock futures lower after US and China reach trade agreement Show Caption Hide Caption White House confirms deadline for international trade deals White House Press Secretary Karoline Leavitt confirmed the administration has sent a letter to all of its trading partners ahead of a tariff deadline. U.S. stock futures are lower before May inflation data and details of a U.S.-China trade deal. After two days of talks in London, U.S. and China representatives said they reached a trade agreement and will now seek approval on the framework from the U.S. and Chinese presidents, before implementing it. The deal includes the U.S. rolling back some export restrictions on advanced technology in exchange for China's release more rare earths. In other trade news, President Donald Trump's administration is close to a deal with Mexico to lift the 50% tariff on a limited amount of imported steel, according to Bloomberg. Before the bell, investors will also see May inflation. May reflects the first full month of price data since Trump announced his aggressive tariff plan on April 2. Economists polled by Dow Jones expect a 0.2% month-over-month increase for a 2.4% annual increase. Treasury Secretary Bessent will testify at 10 a.m. ET to Congress. Futures linked to the blue-chip Dow fell -0.19%, while broad S&P 500 futures dropped -0.20% and tech-heavy Nasdaq futures slipped -0.20%. Corporate news Dave & Buster's reaffirmed its full-year guidance and said data so far in June were encouraging. GitLab topped analyst estimates in the company's first three months of the year but its second-quarter outlook was soft. GameStop's revenues in the first three months of the year missed analysts' expectations. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
