Latest news with #FoxBusiness
Fox News
4 minutes ago
- Business
- Fox News
Trump critics wait 'feverishly' for some sort of sign that inflation is up, says Charles Payne
Fox Business host Charles Payne weighs in on President Donald Trump's efforts to secure new trade deals and why his critics won't give him credit on 'Jesse Watters Primetime.'
Fox News
a day ago
- Business
- Fox News
Business Rundown: A Very Big Trade Deal .. Before A Very Big Fed Meeting
President Trump has announced a massive trade deal with the European Union. It will cut the tariffs threatened on European imports in half and could mean the EU buys significantly more U.S. energy. The news comes just days before the president's August 1 deadline. He says he expects a few more deals before Friday, when tariffs will increase for nations that fail to reach an agreement with the U.S. Carol Roth, former investment banker and author, joins Gerri Willis on the Fox Business Rundown to discuss the president's latest trade deals, and how inflation and other economic data could impact the upcoming Fed meeting and their decision to cut interest rates. Learn more about your ad choices. Visit
CNBC
a day ago
- Business
- CNBC
Trump trade rep sets low bar for China trade talks, no 'enormous breakthrough' expected
U.S. Trade Representative Jamieson Greer said Monday that China's willingness to hold trade talks with the United States this week is a "good sign," but he is not expecting any "enormous breakthrough." "I don't expect some kind of enormous breakthrough today, what I expect is continued monitoring and checking in on the implementation of our agreement thus far," Greer said on CNBC's "Squawk Box." His comments come as top officials from President Donald Trump's administration meet in Sweden with their Chinese counterparts for the third round of trade talks since Trump's "Liberation Day" tariff announcement earlier this year. One of the chief questions looming over the talks is whether the two nations will extend their temporary pause on the sweeping tariffs that brought two of the world's largest economies to the brink earlier this year. The current 90-day pause on tariffs between the U.S. and China is currently set to expire on Aug. 12, an agreement that was reached after leaders from the two nations held talks in Switzerland in May. Treasury Secretary Scott Bessent suggested last week that an extension of such a pause was likely to come out of this week's trade talks. "We'll be working out what is likely an extension," he said last week in a Fox Business interview, adding that he thinks "trade is in a very good place with China." Still, as the world anxiously watches for signs of a detente in the trade war between the two nations, Greer down-played expectations of the talks, while insisting that the U.S. wants to "move forward in a positive way." "Our discussions with the Chinese are always cordial and constructive," Greer said. "This is the third round in the past three months, so just the fact that we're talking and we want to move forward in a positive way, is its own good sign," he continued. With Trump's Aug. 1 trade deadline just days away, the White House in recent days has announced a number of deals with major trading partners, including Japan and the European Union. Greer said Monday that the White House doesn't "feel under pressure to have more deals." "We'll see how ambitious countries want to be, we don't feel a necessary urgency for deals, we like to have deals, we want to have something that can help restructure trade," he said. "But we've all heard the president repeatedly say that he's happy with the tariff, he's happy to just send a letter and set a tariff, as opposed to having a deal."
News18
2 days ago
- Business
- News18
Stock Market Updates: Sensex Down 163 Points, Nifty Below 24,800; CDSL, TCS In Focus
Last Updated: Manufacturing production, Q1 results, global cues, primary market activity may influence the benchmarks, Sensex and Nifty, today. Sensex Today: India's June industrial and manufacturing output data, Q1 corporate earnings, global cues, institutional investment trends, and primary market activity are likely to guide the mood on Dalal Street today. As of 6:33 AM, GIFT Nifty futures were trading 19 points lower at 24,831, hinting at a flat-to-negative start for the Sensex and Nifty indices. Global Cues Asia-Pacific markets opened on a mixed note on Monday as investors awaited the outcome of US-China trade talks scheduled to begin later in the day in Stockholm. The discussions will be led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. In an interview with Fox Business, Bessent expressed cautious optimism about extending the current trade truce. He also indicated that the negotiations will address broader geopolitical issues, including China's oil purchases from Russia and Iran. The talks come close on the heels of US President Donald Trump's announcement of a trade agreement with the European Union over the weekend. Trump, who had previously threatened to impose 30 per cent tariffs on EU imports, has now dialed them down to 15 per cent, helping boost investor sentiment. In early trade, Japan's Nikkei slipped 0.43 per cent while the broader Topix index declined 0.19 per cent. South Korea's Kospi was down 0.31 per cent. In contrast, Australia's ASX 200 rose 0.4 per cent. US equity futures advanced in early Asian hours, buoyed by reduced tariff tensions. S&P 500 futures climbed 0.39 per cent, Nasdaq 100 futures gained 0.53 per cent, and Dow Jones futures were up 156 points, or 0.35 per cent. On Friday, all three major US indexes closed higher and recorded weekly gains. The S&P 500 added 0.40 per cent to settle at 6,388.64, the Nasdaq Composite rose 0.24 per cent to 21,108.32, and the Dow Jones Industrial Average advanced 208.01 points, or 0.47 per cent, to end at 44,901.92. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
CNBC
2 days ago
- Business
- CNBC
Asia-Pacific markets poised for mixed open as traders await details of U.S-China talks
Asia-Pacific markets are set to start the day mixed Monday, with investors awaiting more details of the trade talks between the U.S. and China, which kick off in Stockholm later in the day. The talks will be led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. Bessent said on Fox Business that he expects a trade-truce extension during the negotiations, which he said will include a broader range of topics, including Beijing's oil purchases from Russia and Iran. The U.S.-China talks follow U.S. President Donald Trump's announcement that the U.S. has reached an agreement with the European Union on Sunday stateside. The president had previously threatened 30% tariffs on most imported goods from the U.S.'s largest trading partner. Good morning from Singapore. Investors will be keeping a close watch on Chinese markets following reports that the country will resume trade talks with the U.S. in Stockholm on Monday to discuss longstanding economic disputes. The talks will be led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. Futures for Hong Kong's Hang Seng Index stood at 25,396, pointing to a stronger open compared with the HSI's last close of 25,388.35. Japan's benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 41,645 while its counterpart in Osaka last traded at 41,410, against the index's Friday close of 41,456.23. Australia's S&P/ASX 200 was set to start the day lower with futures tied to the benchmark at 8,626, compared with its last close of 8,666.90. — Amala Balakrishner Investors shouldn't fret over potential volatility in the market over the coming weeks, according to Ulrike Hoffmann-Burchardi, chief investment officer for the Americas and global head of equities at UBS Global Wealth Management. "Threats to Fed independence could linger as a risk to markets over the coming weeks, in our view. We also see potential risks from any resurgence of trade tensions ahead of the White House's 1 August deadline, along with any signs of economic harm from tariffs. With global stocks at all-time highs, some combination of these has the potential to contribute to market volatility in the weeks ahead," she wrote. "Nevertheless, we would expect market swings to be temporary," Hoffmann-Burchardi continued. — Sean Conlon All three major averages finished in positive territory on Friday and posted gains for the weekly period. The S&P 500 ended the session 0.40% higher, closing at 6,388.64, while the Nasdaq Composite finished the day up 0.24% to reach 21,108.32. The Dow Jones Industrial Average also rose 208.01 points, or 0.47%, to settle at 44,901.92. — Sean Conlon
