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“Great people like Jensen Huang, Marc Benioff, and others have called saying that the future of San Francisco is great,” Trump wrote.

The Japanese Yen (JPY) continues to slide against the US Dollar (USD) on Thursday, with USD/JPY extending its advance for the fifth consecutive day.

Pop Mart stock dips 25% from August highs despite tripled Q3 revenue; Labubu resale slump sparks demand debate amid rising supply and global growth hopes.

The White House has released the agenda for President Trump’s upcoming trip to the Far East next week.

• Tuesday: Meeting with Japan’s new Prime Minister Sanae Takaichi.

• Wednesday: Meeting with South Korea’s Prime Minister Kim Min-seok.

• Thursday: Meeting with China’s President Xi Jinping.

There had been uncertainty over whether the meeting with Xi would occur, but it is now confirmed on the president’s schedule.

In addition to the high-stakes geopolitical developments in Asia, the FOMC will announce its rate decision on Wednesday, setting the stage for a busy and potentially volatile week.

The trip comes amid escalating U.S.–China tensions, echoing the uneasy prelude to the earlier Trump–Putin summit in Alaska, which ended without progress. Both Washington and Beijing are tightening sanctions and trade threats:

• The U.S. plans to raise tariffs on Chinese goods to 155% effective November 1.

• China is holding firm on its restrictions of rare-earth exports and curbs on U.S. soybean purchases.

Meanwhile, the New York Times reports that the U.S. is preparing a trade-compliance investigation into China’s failure to meet obligations under the 2020 trade deal—a move that could lead to additional tariffs. As with Russia, China continues to overpromise and underdeliver, a strategy that U.S. officials increasingly view as intentional.

This article was written by Greg Michalowski at investinglive.com.

Gold price recovers some ground on Thursday after posting back-to-back bearish daily candles, courtesy of traders booking profits ahead of the release of September’s US inflation report, along with a slight tempering of US President Donald Trump’s trade rhetoric on China.

The NYT is reporting that the US is beginning an investigation into China’s compliance with the 2020 trade deal

• The Trump administration is planning to launch a Section 301 investigation into China’s compliance with the 2020 trade deal, potentially escalating trade tensions.

• The move could be announced as soon as Friday, ahead of President Trump’s Oct. 30 meeting with Xi Jinping in South Korea, as Washington seeks leverage in negotiations.

• Under the 2020 Phase One deal, China pledged to purchase an additional $200 billion in U.S. goods and services and improve market access and IP protections.

• Analyses show China never fulfilled those commitments, purchasing none of the promised additional goods, partly due to the COVID-19 pandemic’s impact on trade.

The investigation could pave the way for additional tariffs, though no final decision has been made.

The Trump administration is announced that tariffs would increase by 100% starting November 1. They are already at 55% on China imports.

This article was written by Greg Michalowski at investinglive.com.

Perhaps the most important takeaway from the report is the comeback in aerospace.

• High yield 1.182%
• WI level at the time of the auction 1.17%
• Tail 1.2 basis points versus 6 month average of 0.8 basis points
• Bid to cover 2.51X vs 6 month average of 2.40X
• Directs 24.4% versus 18.9% 6 month average
• INdirects 62.1% versus 70.4% average
• Dealers 13.5% versus 10.7% average

This article was written by Greg Michalowski at investinglive.com.

The Pound Sterling (GBP) drops slightly to near 1.3340 against the US Dollar (USD) during the European trading session on Thursday.

Mexico 1st half-month Core Inflation came in at 0.18%, below expectations (0.19%) in October