Futures slip, China trade, tariff talk on earnings calls: 3 Things


00:00 Speaker A

First up, US stock futures falling a bit after three straight days of gains, as investors weigh more corporate earnings and trade war uncertainty. Stocks are trading near levels last seen around President Trump’s tariff announcement in early April.

00:14 Speaker B

Plus, President Trump telling Time Magazine in a newly published interview, he expects to wrap up all trade deals in the next three to four weeks and that 200 deals are already finished. The President also saying the US is meeting with China and that President Xi did call Trump, but this comes after China denied negotiations have even started.

00:36 Speaker A

And could Alphabet’s results be a signal of recovery for the rest of the magnificent seven? Alphabet reporting stronger than expected results, but the company is expecting some headwinds in its ad business as uncertainty looms amid the trade war. Plus, Intel CFO saying tariffs increase the odds of a recession.


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