Trump confirms meeting with China’s Xi on Thursday

• Meeting with Xi on Thursday
• I think meeting with Xi will work out well

This is of course old news, so there’s no reaction in the markets. As a reminder, US and China reached a preliminary deal over the weekend after the trade talks held in Malaysia. The markets have been moving into Trump-Xi meeting expecting a positive outcome.

Further comments:

• Bessent soothes the markets
• Thinking of Bessent for Fed, but he doesn’t want it

As a reminder, we have five finalists for the Fed chair position which include Waller, Bowman, Warsh, Hassett and Rieder.

This article was written by Giuseppe Dellamotta at investinglive.com.