The Latest Breaking News from Scott Bessent

Billionaire Elon Musk called Treasury Secretary Scott Bessent a "Soros agent" as the two fought in the White House

Hopes of a tariff deal drove the major indexes higher.

June S&P 500 E-Mini futures (ESM25) are down -0.59%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.79% this morning as mixed signals from the Trump administration prompted investors to temper their expectations for swift progress in resolving the U.S.-China tariff dispute.

Beijing is in a stronger position than Washington to negotiate trade deal, analysts say.

Asian markets were mixed on Thursday as China poured cold water on US President Donald Trump's comments talking up the prospects of a deal to end their trade war.

Treasury Secretary Scott Bessent said the institutions “serve critical roles in the international system. And the Trump administration is eager to work with them — so long as they can stay true to their missions.”

The rebound in the US stock markets ran out of steam after a two-day rally as the Trump administration sent mixed messages regarding its tariff plans on other countries, particularly China.

Asian markets were mixed on Thursday after President Donald Trump said he had "no intention" of firing the US central bank head and made conciliatory comments on his trade war with China.

Donald Trump has announced he’s willing to back way off Chinese tariffs after his levy package hit the stock market, the strength of the dollar, small businesses and American jobs.