US and Chinese representatives discussed TikTok, trade and the economy during a day of high-level talks in Madrid, a senior Treasury official said, as diplomacy between the world’s two biggest economies intensifies. A US delegation helmed by Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer and a Chinese group led by Vice Premier He Lifeng met for almost six hours on Sunday, the official said. Included in the agenda are national security issues and the status of TikTok, which faces a deadline this week to reach a deal to continue operations in the US. Officials were also expected to lay the groundwork for a potential meeting between Donald Trump and Xi Jinping. Meanwhile China ruled that Nvidia violated anti-monopoly laws with a high-profile 2020 deal, ratcheting up the pressure on Washington during the trade negotiations.
Today’s guests: Bob Michele, JPMorgan Asset Management CIO & Head of Global Fixed Income for the Currencies and Commodities Group, Keyu Jin, Hong Kong University of Science and Technology Professor of Finance.
Chapters:
00:00:00 – The Pulse
00:00:52 – Trump Expects a ‘Big Cut’ From Federal Reserve This Week
00:03:24 – Bob Michele, JPMorgan Asset Management CIO & Head of Global Fixed Income for the Currencies and Commodities Group
00:08:36 – US-China Talks Head Into Second Day Focused on Trade, TikTok
00:16:49 – French Bonds Slip Further Behind Periphery After Fitch Cut
00:18:29 – Netanyahu Lauds US-Israel Ties as Rubio Visits After Doha Strike
00:20:53 – Trump and Rubio Meets With Qatar’s Prime Minister
00:25:13 – Keyu Jin, Hong Kong University of Science and Technology Professor of Finance
00:26:33 – China Targets Nvidia, TI as Big Tech Dominates US Trade Talks
00:29:29 – China’s Broad Economic Slowdown Raises Stimulus Expectations
00:31:54 – Starmer Seeks Economic Boost From Trump Visit
00:36:14 – Elon Musk Says UK Needs ‘Revolutionary’ Change of Government
00:39:02 – German Far-Right Nearly Triples Support in Vote
00:44:58 – Senate Plans Miran Fed Confirmation
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