Jennifer Schonberger

RT @YahooFinance: “I’ve never asked for a meeting with any president, and I never will. I wouldn’t do that; there’s never a reason for me t…

What to watch in Chair Powell's press conference this afternoon and Tsy Sec Bessent & USTR Greer will hold introductory talks with China this weekend.

Yahoo Finance @YahooFinance

What investors should listen for in Fed Chair Powell's press conference this afternoon: https://t.co/xChgvRupUc

U.S. talks with China are indeed starting this weekend

Treasury Secretary Scott Bessent @SecScottBessent

Thanks to @POTUS, the world has been coming to the US, and China has been the missing piece—we will meet on Saturday and Sunday to discuss our shared interests. The current tariffs and trade barriers are unsustainable, but we don’t want to decouple. What we want is fair trade. https://t.co/MYc4XvqME8

Tsy Sec Bessent heads to Switzerland Thursday where he will meet w the pres of SWISS and discuss trade. While in Switzerland, Bessent will also meet with the lead representative on economic matters from the People’s Republic of China. China talks starting?

RT @YahooFinance: “Treasury Secretary Scott Bessent told House lawmakers this morning that the US could announce some trade deals with our…

Labor Secretary Lori Chavez DeRemer tells me she’s seeing a strong picture for job growth on the ground which is matching the official data

Yahoo Finance @YahooFinance

The resilience shown in April's job report "is not surprising," @SecretaryLCD tells @jenniferisms, adding: "This is exactly what I knew the president was going to do. ... The Golden Age is here." https://t.co/aFsPwF04yY

Q1 GDP # was clearly skewed as companies front loaded on inventory. Q is will growth in Q2 pop back into positive territory. Ests were for 0.4% for q1, which is still paltry OR will it be another razor thin contraction marking a recession? Looks bad but consumption is still solid

Bessent just said in the Oval that he had a great meeting with South Korea and that “We may be moving faster than I thought, and we will be talking technical terms as early as next week. We could reach an agreement on understanding as soon as next week."

Bessent: it's going to be a two step process when it comes to China. First tariffs have to come down in a "mutual way" before talks can start and talks will be btwn Trump and Xi at the highest level

Though Bessent said the administration is not unilaterally going to offer to de-escalate but that current tariff levels are not sustainable, so he would not be surprised if they went down in a mutual way

Tsy Sec Scott Bessent says that tariffs of 145% and 125% between the US & China need to come down first between the US & China before talks can begin between the two economies

IMF sees rising risk of a recession here in the US and globally -- 40% chance in US, 30% chance for global economy

Yahoo Finance @YahooFinance

We’re “seeing a risk of a recession increasing,” International Monetary Fund chief economist @pogourinchas tells @jenniferisms. “At the global level, that probability of a global downturn has increased from … 15% to about 30%.” https://t.co/817pJtRDer

IMF chief economist tells me that global investors re-evaluating strength of US economy when it comes to investing in US Treasuries but that he expects US dollar will remain the key global reserve currency

Yahoo Finance @YahooFinance

“The US will remain, and the US dollar in particular remains one of the key currencies in the international monetary system,” International Monetary Fund chief economist @pogourinchas tells @jenniferisms, adding: “And we expect it to remain so.” https://t.co/ImCVEnkRhW

US Treasury Secretary Scott Bessent told attendees of a private event in Washington Tuesday that the trade war between China and the US is unsustainable and that he expects the situation to de-escalate. Bessent said while negotiations haven’t started yet, a deal is possible.

Fed Chair Powell noted today the central bank may find itself in a dilemma having to choose whether to focus on higher inflation or lower unemployment. He stressed you need price stability to sustain a strong job mkt implying perhaps the Fed will focus on inflation more

Yahoo Finance @YahooFinance

“As for the functioning of the bond markets and what may be happening there, Fed Chair Powell chalked that up to a unique moment in history that bond markets are trying to process.” @jenniferisms explains: https://t.co/0QtiaaIkWO