Trump: China Deal "Is Done," Inflation Watch, Musk's Mea Culpa 6 ...
Carl Quintanilla, Jim Cramer, and David Faber recently discussed the latest updates on the U.S.-China trade negotiations. President Trump took to social media to announce that the deal with China is nearly finalized pending approval from President Xi and himself.
The hosts also delved into the impact of the May CPI inflation data on the stock market, which saw an increase, while bond yields experienced a significant decline.
Elon Musk's Apology
Elon Musk expressed regret for his recent remarks about President Trump, stating, "I regret some of my posts about President Trump last week." Additionally, the hosts touched on Tesla's venture into the realm of robotaxis and delved into Open AI CEO Sam Altman's blog post about the future of artificial intelligence.
Industry Investments
Sources revealed that Meta is planning to invest a substantial $14.3 billion in the startup Scale AI. General Motors is also making moves with a $4 billion investment in U.S. production. Meanwhile, Nvidia's shares are steadily climbing towards record highs.
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