CNBC Daily Open: A tarmac welcome buys U.S.-China truce a longer runway
The world gets two more months of trade truce between the world's two most powerful economies.
TL;DR
- U.S. President Donald Trump offered a rare tarmac welcome to Chinese leader Xi Jinping, leading to a two-month extension of the trade truce.
- Treasury Secretary Scott Bessent announced a Jan. 10 deadline for the trade deal and floated a U.S.-China alert system for AI incidents.
- U.S. Treasury yields surged to their highest level since July 2007 due to hot inflation data and hawkish Fed comments, impacting borrowing costs.
- Tech leaders Sam Altman and Dario Amodei of OpenAI and Anthropic, respectively, advocated for global AI safety cooperation at the UN.
- Amazon blocked Meta's Muse AI shopping assistant, accusing it of improper data handling, a claim Meta disputes.
- Iran's President Masoud Pezeshkian blamed the U.S. and Israel for global instability at the UN General Assembly.
- President Trump is considering an export ban on diesel to curb rising fuel prices ahead of midterm elections.