Tidbits, Budget Bill, Global PMI, Weather, Export Sales 6/6/25
- Wright team
- Jun 6
- 4 min read
Tidbits
Reuters reported yesterday that President Trump and China's leader Xi held a phone call that lasted about 90 minutes. The primary topic was trade. U.S. and Chinese officials plan to meet in person soon, resuming formal trade negotiations. Soybeans were higher because of that news.
President Trump also had a phone call with Russian President Vladimir Putin following the Ukrainian drone attack on Russian airfields. Vladimir Putin stated that he will be obliged to respond harshly, and it appears that efforts towards peace negotiations have come to nothing.
On Thursday, the relationship between President Trump and Elon Musk turned into an open tweet-war. Their relationship fell apart over Trump’s budget bill passed by the House last week having a deficit and is now being debated in the Senate.
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