China drops an antitrust probe into Google, (GOOG) Donald Trump's state visit to the UK gets down to business as tariff negotiations continue, and markets react to the Fed's decision yesterday to cut interest rates. For more live coverage of markets watch the full episode of Market Sunrise and head to Yahoo Finance.
Well, we kick off with another tech firm impacted by US-China trade talks.
This time in a positive way. China is ending an anti-trust probe into Google.
This all comes as trade talks between Beijing and Washington are ramping up with TikTok and Nvidia's business in China getting caught in the cross hairs.
Google's parent Alphabet shares are up in pre-market.
The investigation into Google started back in February and centered on the dominance of Google's Android operating system, which most Chinese phone makers use.
China's move suggests that Beijing is focusing its regulatory firepower on Nvidia as part of its leverage in talks with the US.
Okay, next up, Donald Trump's state visit to the UK continues.
Some titans of US industry accompanied the president at last night's dinner, Apple's Tim Cook, Nvidia's Jensen Huang, and Open AI's Sam Altman among those in attendance.
Well, after all the pomp and pageantry and some big investment announcements, it's time to get down to more trade talks.
The president is meeting PM Kier Starmer. High up on the agenda will be the finalization of the UK US trade deal.
There's also the contentious issue of 25% tariffs on British steel and aluminium.
The UK wants that number down to zero.
And remember, this state visit has yielded $204 billion of inward investment into the UK.
Finally, time to talk about the Fed.
No surprise that rates were cut yesterday, the first time this year.
It was a unified Fed board in the main, all voted for a 25 basis point cut, except for President Trump's pick, Stephen Myron.
He voted for a jumbo 50 basis point cut.
The much watched quarterly dot plot showed that policy makers are predicting another two cuts this year.