Stocks Climb as Trump Soothes Wall Street Nerves

<p>Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.</p> <p>A jittery week on Wall Street ended on a positive note for stocks as President Donald Trump&rsquo;s remarks soothed anxiety around trade tensions while regional banks rebounded. Bonds, gold and silver fell.</p> <p>The bounce in equities sent the S&amp;P 500 to its best week since August, with Trump expressing optimism that talks with Chinese officials could yield an agreement to defuse the tariff spat between the world&rsquo;s two biggest economies. A batch of solid results from various regional lenders lifted the industry after a rout triggered by concern over credit quality in the economy.</p> <p>The White House signaled efforts to calm fears of a full-blown trade war that could have a seismic effect on the global economy. &ldquo;I think we&rsquo;re doing very well. I think we&rsquo;re getting along with China,&rdquo; Trump said. He also indicated that he believed his planned meeting with President Xi Jinping this month would go ahead.</p> <p>The S&amp;P 500 added 0.5%. A closely watched exchange-traded fund tracking regional banks climbed 1.6%. Zions Bancorp and Western Alliance Bancorp - which had led the recent industry selloff - rallied at least 3.1%. Oracle Corp. sank about 7% on concerns about fulfilling AI cloud demand.</p> <p>Treasury two-year yields rose from the lowest since 2022. The dollar was little changed at the end of its worst week since August.</p> <p>Today's show features:<br />Winnie Cisar, Global Head of Strategy at CreditSights, on potential cracks in the US credit market<br />Katie Hubbard, Executive Vice President of Capital Markets at Walton Global, on the US real estate market<br />Dana Telsey, Founder, CEO and Chief Research Officer of Telsey Advisory Group, on the health of the American consumer and the retail sector<br />Angela Stent, Senior Fellow at the American Enterprise Institute and Author of &ldquo;Putin's World,&rdquo; on President Donald Trump&rsquo;s meeting with Ukrainian President Volodymyr Zelenskiy and planned summit with Russian President Vladimir Putin</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>