US-China trade talks, Fed decision, Disney earnings: 3 Things


00:00 Speaker A

Let’s get to the three things that you need to know today.

00:03 Speaker B

First up, US stock futures getting a boost this morning after the White House revealed the US and China will meet over the weekend. The meeting marking the first confirmed trade talk since President Donald Trump’s tariff announcement on April 2nd, which sent stocks plunging. The Treasury Secretary will partake in the meetings, which will focus on de-escalation rather than one big trade deal.

00:28 Speaker A

Plus, investors are awaiting the Federal Reserve rate decision that comes today. The Central Bank expected to leave interest rates unchanged, a move likely to frustrate the president who’s called for lower rates. Now officials have stressed recently that while uncertainty is high, monetary policy is in a good place to balance the Fed’s goals of maximum employment and stable prices. All eyes will be on Chair Powell’s press conference.

01:00 Speaker B

And Disney soaring this morning after raising its full-year profit forecast and beating quarterly estimates. The beaten raise is coming after a number of major companies have pulled their guidance amid the uncertainty caused by President Trump’s trade war. Disney is benefiting from faster than expected growth at its parks and streaming business and pointed to that strong performance to boost its guidance.


Leave a Reply

Your email address will not be published. Required fields are marked *