Elon Musk issued an apology on his social-media platform, X, over how he handled the dispute with President Trump last week. The dispute — which was triggered by Elon Musk’s opposition to the tax-cut bill President Donald Trump is pushing through Congress — posed a threat to Musk’s wealth when the president raised the prospect of retaliating by cutting off his government contracts. That would have battered SpaceX and Tesla’s stock price tumbled last Thursday, before recovering most of the loss.
“I regret some of my posts about President @realDonaldTrump last week,” he said on his social-media platform, X. “They went too far.”
After some 20 hours of negotiations in London, US Commerce Secretary Howard Lutnick said the US and China had established a framework for implementing the Geneva consensus that last month brought down tariffs – a framework now awaiting the blessing of Donald Trump and Xi Jinping.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade
00:01:50 – US-China Trade Latest
00:05:31 – US Inflation May Rise
00:10:08 – LA Protests: Curfew Issue
00:10:33 – Gavin Newsom Condems Trump
00:11:10 – US Rebukes Allies Over Israel Sanctions
00:11:40 – NATO Seeks to Include Ukraine Funds
00:17:04 – Trade War: Xi, Trump Left to Approve Trade Plan
00:34:56 – Croatia’s Boris Vujčić on Next ECB Rate Cut
00:36:11 – EU Aims to Extend Tariff Talks Past July Deadline
00:41:28 – UK Spending Plan: Britain Loses 276,000 Jobs
00:44:05 – US Treasury Auction Today
00:46:59 – Stocks to Watch: Inditex, Defense Stocks, Publicis
01:03:17 – Publicis Stock
01:03:43 – Defense Stocks Up
01:08:12 – Blackstone CEO on $500B Europe Investment
01:14:57 – China, US Agree to Ease Trade War
01:28:09 – US CPI Data
01:29:32 – Rachel Reeves’ UK Spending Plan
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