morning,
Markets are down a little.
Trump and Xi have a 90 minute chat on the phone, invite each other to their countries.
Positive signs for trade negotiations with that news.
https://www.zerohedge.com/markets/sp-futures-spike-above-6000-after-chinese-media-reports-trump-xi-held-phone-call
Musk promotes Trump impeachment on X with a retweet.
JD Vance next in line if anything comes of such a call, i'm still not sure about JDV though so might not be a good thing.
A lot of people seem to think the public feud between Musk and Trump is staged, i suppose it's possible but only time will clear the fog.
My intuition is that it's not staged but i could be wrong.
Some commentry and posts in this link .... https://www.zerohedge.com/political/im-very-disappointed-elon-trump-responds-musk-opposition-big-beautiful-bill
Jobless claims up a bit in the US.
ECB cuts rates 25bps. But indicated rate cuts might be coming to an end or a pause.
China squeezing EU companies with rare earth trade and Chinese car industry killing the EU's.
https://www.zerohedge.com/commodities/european-industry-under-siege-china-deploys-rare-earths-economic-weapon
More surprising news with Trump and Elizabeth Warren praising each other on Debt Limit policy. First time i've ever seen them agree i think, Lizzy even saying shes ready for a bill if trump puts one out there. Both of them wan to abolish any debt limit forever and ever amen.
Happy Friday peeps.
