Stocks Notch Back-to-Back Gains as Dollar Climbs

<p>Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br />Signs Donald Trump is rethinking the most-aggressive elements of his combative stances on trade and the Federal Reserve spurred back-to-back gains in stocks and the dollar, while soothing volatility across asset classes.<br /><br />The S&amp;P 500 rose 1.7%, though it pared an earlier surge that had swelled to as much 3.4%, as investors tried to gauge how seriously to take pronouncements of flexibility in negotiations with China and other trading partners. The greenback climbed against most major currencies.<br /><br />After a report that the US would be willing to phase in lighter tariffs on Beijing over five years on Wednesday, Trump told reporters that China was &ldquo;going to do fine&rdquo; once talks had settled. Meantime, Treasury Secretary Scott Bessent said the president hasn&rsquo;t offered to take down US tariffs on China on a unilateral basis.<br />Long-maturity Treasury yields fell as Trump allayed fears he would fire Fed Chair Jerome Powell. The yen slid as Bessent said America won&rsquo;t be pursuing specific exchange-rate targets in its talks with Japan. Bitcoin jumped while haven trades like gold pushed lower.<br /><br />Today's show features:</p> <ul> <li>Eric Weiner, Bloomberg News Senior Editor, Equities Americas</li> <li>Katy Kaminski, Chief Research Strategist of AlphaSimplex</li> <li>Jefferies Senior Technology Research Analyst Brent Thill on IBM earnings</li> <li>Ross Gerber, President and CEO Gerber Kawasaki Wealth and Investment Management</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>