Bessent post Powell / Precious Metals 🆙 / U.S -China 'framework' agreed / U.S CPI, tariffs impact kicking in
- Stéphan
- Jun 11
- 3 min read
U.S - China 'frame work' agreed >>> 90 deals in 90 days, still none done
Markets : U.S - China gree framework to ease tensions (China had the upper hand on rare earth..), Trump going full authoritarian before our eyes L.A. curfew (few seem to bother with the news though, it's spreading in other cities overnight...), Bessent emerges as possible replacement for Powell, looting iPhones has become tricky!, Trump's handshake tactic didn't work with Merz!, Saxo's Hardy's macro view below, precious metal roaring #PLAT #PALL #XAG ..., equity near highs still, last 'soft' U.S CPI before tariffs impact this afternoon (probably, risk it ticks up already)
CNBC’s The China Connection newsletter: AI hits an already weak jobs market
Trump tariffs to remain in place pending appeal, court rules
Pentagon planted UFO myths to conceal secret weapons programs, report reveals
World Bank cut its global growth forecast for 2025 by 0.4% to 2.3%
Iran lawmakers accuse US and Israel of planning nuclear talks trap
The U.K., Canada, Australia, NZ, & Norway sanctioned two far-right Israeli government ministers and... Netanyahu to U.S. Defense Secretary Hegseth: “Muslims see the U.S. as the Great Satan, and Israel as the Little Satan. Our war is your war, and our victory is your victory.” #Iran
The EU again proposed lowering the Russian oil price cap from $60 to $45, banning the use of the Nord Stream pipelines, and cutting another 22 Russian banks from the SWIFT
Macron says he’ll ban social media for under-15s in France. French government also wants to ban websites selling knives to children
Summary: In this final installment of our four-part series, we examine Rule #4 for navigating the Trump 2.0 era: we are entering an inflationary age. Unlike previous inflation episodes, this one is structural, rooted not just in policy choices but in the deeper rewiring of the global economy.
Gavin Newsom on X: "California will keep fighting on behalf of all our people including in the courts. If some of us can be snatched off the streets without a warrant, based only on suspicion or skin color, then none of us are safe. Authoritarian regimes begin by targeting people who are least https://t.co/7qXkrLopkc" / X
US, China Officials Agree on Plan to Ramp Down Trade Tensions
The US and China have agreed to a preliminary deal on implementing the consensus reached in Geneva, with negotiators from both sides saying they "absolutely expect" issues around rare Earth minerals and magnets to be resolved.
While full details of their accord are not available, the US and Chinese delegations will now take the proposal back to their respective leaders, said China’s chief trade negotiator Li Chenggang, after two days of discussions that spanned nearly 20 hours in a Georgian-era mansion near Buckingham Palace.
NEXTA on X: "🤝Merz wasn’t just waiting — he was preparing for this meeting! Outplayed and destroyed Trump’s dominant handshake. https://t.co/jIz6SbhTzX" / X
Solid hand shake Merz has !
Brian Krassenstein on X: "New York, Los Angeles, Austin, Denver and Atlanta. Is this what you voted for MAGA? The country certainly wasn’t this divided under Biden. Seems like a problem at the top. https://t.co/fDC95WW1L5" / X
Brendan Gutenschwager on X: "Alarms blaring on multiple iPhones that were taken from the Apple store in downtown LA Displays on the devices read “Please return to Apple Tower Theatre This device has been disabled and is being tracked. Local authorities will be alerted.” https://t.co/rhMiaRXA9z" / X
Looting i-Phones became quite tricky!!
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