US China trade talks, L.A., National Guard tensions, Trump, Musk fight: Live Updates
President Trump’s trade team in London for trade talks with China, investors monitoring the escalating situation in L.A. after Trump called in the National Guard over immigration protests, they’re also following the tit-for-tat spat between Tesla’s Elon Musk and Trump. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
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A trader works on the floor of the New York Stock Exchange in New York City. (Reuters)
Stocks finished little changed on Monday as investors waited for details on U.S.-China trade talks.
The Dow Jones Industrial Average was flat, while the S&P 500 and Nasdaq Composite were up 0.09% and 0.31%, respectively.
Top U.S. and Chinese officials are meeting in London on Monday to try to defuse a high-stakes trade dispute that has widened beyond tit-for-tat tariffs to restrictions over rare earths, threatening to cripple supply chains and slow global growth.
Officials from the two countries were meeting at the ornate Lancaster House to try to get back on track with a preliminary agreement struck last month in Geneva that had briefly lowered the temperature between Washington and Beijing.
Since then the U.S. has accused China of slow-walking on its commitments, particularly around rare earths shipments.
Reuters contributed to this report
President Donald Trump. (Getty Images)
President Donald Trump is hosting a White House event on Monday touting a policy in the One Big Beautiful Bill Act that would create investment accounts seeded with $1,000 for all newborn U.S. citizen children.
The event is expected to be attended by the CEOs of several firms who plan to contribute to the accounts on behalf of their employees, including Dell, Uber and Goldman Sachs. The event was first reported by NBC News.
The provision would launch a pilot program to create so-called "Trump Accounts" for children born between Jan. 1, 2024 and Jan. 1, 2029, which would be seeded with a $1,000 investment from the federal government. The investment would go into a tax-deferred, low-cost index fund tracking the overall stock market, which would be controlled by the child's guardians.
Additional contributions of up to $5,000 a year could be made to the account throughout the child's life. Starting at age 18, the account beneficiary would be able to use it to pay for their education, home purchases or expenses related to starting a business.
This is an excerpt from an article by FOX Business' Eric Revell
Michael M. Santiago/Getty Images
Media giant Warner Bros. Discovery will split its streaming business and studio arm, the company announced Monday.
"The cultural significance of this great company and the impactful stories it has brought to life for more than a century have touched countless people all over the world. It's a treasured legacy we will proudly continue in this next chapter of our celebrated history," said David Zaslav, President and CEO of Warner Bros. Discovery, who will serve as President and CEO of Streaming & Studios. Gunnar Wiedenfels, CFO of Warner Bros. Discovery, will serve as President and CEO of Global Networks.
Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, as well as their legendary film and television libraries will make up the Streaming and Studios arm, the company detailed. While the "premier entertainment, sports and global news television brands around including CNN, TNT Sports in the U.S., and Discovery, top free-to-air channels across Europe, and digital products such as the profitable Discovery+ streaming service and Bleacher Report" will be Global Networks.
Shares are on pace for the largest percent increase since April 2025, when it rose 20.42%, as tracked by Dow Jones Market Data Group.
Other streamers including Netflix, Apple and Disney were mixed.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| NFLX | $1,241.47 | -9.04 | -0.72 |
| AAPL | $203.92 | 3.29 | 1.64 |
| DIS | $113.90 | 1.37 | 1.22 |
FOX Business, exclusively traveling with President Trump’s trade team in London, for talks with China which began shortly after 8am ET. Trump says he’s looking for “clarification” from the meetings that he says “should go very well.”
Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer heading overseas just days after Trump held a “very good talk” with Chinese President Xi Jinping. Negotiations with Beijing playing out after the two sides agreed to a 90-day suspension of the escalated tariffs and as tensions remain high over semiconductors and the ongoing artificial intelligence arms race, rare-earth minerals, and Trump’s crackdown on Chinese students using visas to attend American universities.
U.S. Treasury
President Donald Trump's bromance with Tesla CEO Elon Musk crashed and burned not long after Musk stepped down from DOGE.
Here's a look at their most iconic moments together before the bad blood surfaced.
Getty Images
President Donald Trump's has called up of the National Guard to police L.A. amid immigration protests...LIVE UPDATES HERE.
"A once great American City, Los Angeles, has been invaded and occupied by Illegal Aliens and Criminals. Now violent, insurrectionist mobs are swarming and attacking our Federal Agents to try and stop our deportation operations — But these lawless riots only strengthen our resolve. I am directing Secretary of Homeland Security Kristi Noem, Secretary of Defense Pete Hegseth, and Attorney General Pam Bondi, in coordination with all other relevant Departments and Agencies, to take all such action necessary to liberate Los Angeles from the Migrant Invasion, and put an end to these Migrant riots. Order will be restored, the Illegals will be expelled, and Los Angeles will be set free. Thank you for your attention to this matter!" Trump posted on Truth Social.
In addition, Treasury Secretary Scott Bessent has accused California's Gov. Gavin Newsom of threatening to commit tax evasion after he threatened to stop paying the "over $80 BILLION" in taxes the state pays to the federal government.
Depends who you ask, there are different views of how President Trump's 'big beautiful bill' will impact deficits and our national debt which is already imploding at unsustainable levels.
Still, Office of Management and Budget director Russ Vought defended the Trump administration's sweeping economic package.
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