Global Stocks Recoup Tariff Losses; President Trump Visits Saudi Arabia

<p>On today's podcast:</p> <p>&nbsp;1) The Wall Street stocks rally is set to pause due to concerns about inflation and economic growth, with US futures pointing to a decline. Investors are taking a breather after the 90-day tariff cool-off between the US and China, and will be looking for clues on the trajectory of Federal Reserve interest rates in the US inflation print.</p> <p>2) President Donald Trump is in Saudi Arabia on his first major overseas trip since taking office. He was welcomed on the tarmac by Crown Prince Mohammed bin Salman in a sign of their warm ties. Treasury Secretary Scott Bessent is also in Riyadh where he told an investment forum he&rsquo;s upbeat on trade talks with nations in Asia and that progress with Europe will be slower.</p> <p>3) US Treasury Secretary Scott Bessent said the European Union has a "collective action problem" that's hampering trade negotiations with the US. Bessent downplayed the possibility of a quick agreement with the EU, citing differences among member states such as Italy and France.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>