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JUST IN: πΊπΈπ¨π³ President Trump says he hopes to make a 'complete' trade deal with China during his visit this week.
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NEW : πΊπΈπ¨π³ Treasury Secretary Scott Bessent says the US has reached a "substantial" trade framework with China, potentially removing the need for Trump's 100% tariffs.
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π Key Events This Week:
1. Fed Interest Rate Decision - Wednesday
2. Fed Chair Powell Press Conference - Wednesday
3. Microsoft, Alphabet, Meta Earnings - Wednesday
4. President Trump Meets President Xi - Thursday
5. Apple and Amazon Earnings - Thursday
6. ~20% of S&P 500 companies report earnings this week
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1. Fed Interest Rate Decision - Wednesday
2. Fed Chair Powell Press Conference - Wednesday
3. Microsoft, Alphabet, Meta Earnings - Wednesday
4. President Trump Meets President Xi - Thursday
5. Apple and Amazon Earnings - Thursday
6. ~20% of S&P 500 companies report earnings this week
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JUST IN: π₯ Foreign central banks now own more gold than U.S. Treasuries for the first time in almost 30 years.
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π Market Overview:
SPX: $6791
NASDAQ: $23204
DXY: $98
Gold: $4060
Silver: $47
Bitcoin: $115064
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SPX: $6791
NASDAQ: $23204
DXY: $98
Gold: $4060
Silver: $47
Bitcoin: $115064
@Fin_Watch
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JUST IN: π¨π Swiss lawmaker says theyβre working to establish a strategic Bitcoin reserve π₯
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πΊπΈ President Trump says he may announce a new Federal Reserve Chair by the end of the year to replace Jerome Powell.
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πΊπΈ US Department of Energy announces $1 billion partnership with $AMD to build two supercomputers.
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JUST IN: πΊπΈ Federal Reserve expected to cut interest rates by 25 bps on Wednesday, Bloomberg reports.
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π¨ Chinese influencers now required to hold a university degree to discuss serious topics, or face fines up to Β₯100,000.
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π¨π¨ Recent Layoff Announcements:
1. UPS: 48,000 employees
2. Amazon: Up to 30,000 employees
3. Intel: 24,000 employees
4. Nestle: 16,000 employees
5. Accenture: 11,000 employees
6. Ford: 11,000 employees
7. Novo Nordisk: 9,000 employees
8. Microsoft: 7,000 employees
9. PwC: 5,600 employees
10. Salesforce: 4,000 employees
11. Paramount: 2,000 employees
12. Target: 1,800 employees
13. Kroger: 1,000 employees
14. Applied Materials: 1,444 employees
15. Meta: 600 employees
The labor market is clearly weakening.
@Fin_Watch
1. UPS: 48,000 employees
2. Amazon: Up to 30,000 employees
3. Intel: 24,000 employees
4. Nestle: 16,000 employees
5. Accenture: 11,000 employees
6. Ford: 11,000 employees
7. Novo Nordisk: 9,000 employees
8. Microsoft: 7,000 employees
9. PwC: 5,600 employees
10. Salesforce: 4,000 employees
11. Paramount: 2,000 employees
12. Target: 1,800 employees
13. Kroger: 1,000 employees
14. Applied Materials: 1,444 employees
15. Meta: 600 employees
The labor market is clearly weakening.
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JUST IN: πΊπΈ 98% chance the Federal Reserve cuts interest rates by 25 bps tomorrow, according to Polymarket.
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BREAKING: π¨π¨ The US and China are set to reduce port fees on shipments between both countries, per WSJ.
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π¨π¨ Microsoft, $MSFT, and Apple, $AAPL, officially become the 2nd and 3rd companies in the world to be worth over $4 TRILLION.
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