US equity futures hold steady ahead of the latest round of trade talks between the US and China taking place in London. Meta is said to be in talks to invest in Scale AI while Qualcomm agrees to buy Alphawave IP Group for $2.4 billion. Nvidia CEO Jensen Huang speaks with Prime Minister Keir Starmer at London Tech Week. President Trump clashes with California Governor Gavin Newsom over the deployment of National Guard troops to anti-deportation protests in Los Angeles. Elsa Lignos of RBC says the dynamic around the US dollar has become structurally bearish. Aaron Kennon of Clear Harbour Asset Management says the market is trying to look through shifting trade dynamics to focus on the excitement of AI.
Chapters:
00:00:00 – Intro
00:02:05 – Teska cut to neutral at Baird on Musk-Trump spat
00:05:04 – Futures hold steady ahead of US-China talks
00:08:11 – Elsa Lignos, RBC Global Head of FX Strategy
00:13:22 – US, China to resume trade talks
00:19:57 – Trump, Newsom spar over escalating LA protests
00:29:12 – Aaron Kennon, Clear Harbor Asset Management CEO & Co-Founder
00:33:16 – Canada to announce large increase in defense spending: Globe
00:36:01 – Trump wanrs Musk not to back Democrats
00:39:14 – Huang: UK is in an AI goldilocks circumstance
00:40:47 – META in talks for scale AI investment
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