US equity futures extend gains as investors await more labor market data. President Trump decries President Xi as "hard to make a deal with" amid stalled trade talks and rising tensions. Former DOGE director Elon Musk calls Trump’s tax and spend bill an "abomination." Senate Majority Leader John Thune says the House SALT deal in that bill will have to change.
Ares Management Co-President Blair Jacobson says the firm is taking a skeptical view on trading private credit. BlackStone Vice Chairman Thomas Nides says he’s confident the Trump administration will find its sea legs amid a complicated global environment.
Chapters:
00:00:00 – Intro
00:02:04 – Wells Fargo Asset Cap Lifted by Fed, Paving Way for Growth
00:05:17 – Trump Doubles Steel, Aluminum Tariffs to 50%
00:08:03 – Thune: House SALT Deal Will Have to Change
00:12:12 – Zelter: Big Focus is on Rates and the Deficit
00:14:09 – Blair Jacobson, Ares Management Co-President
00:22:05 – Friedrich Merz Plans 46 Billion Euros Corporate Tax Breaks to Revive German Economy
00:28:53 – Trump: ‘Xi Hard to Make a Deal With’
00:36:08 – Thomas Nides: Blackstone Vice Chairman
00:38:38 – Nides: Confident Trump Administration Will Get Its Sea Legs
——–
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