TMTB: Morning Wrap

Good morning. QQQs +20bps as we got some positive news flow on China/U.S. although still sounds like overtures at this point:

China Says It’s Assessing US Talks, Hinting at Possible Thaw

Bloomberg:

China said it is assessing the possibility of trade talks with the US, the first sign since Donald Trump hiked tariffs last month that negotiations could begin between the two sides. China’s Commerce Ministry said in a Friday statement that it had noted senior US officials repeatedly expressing their willingness to talk to Beijing about tariffs, and urged officials in Washington to show “sincerity” toward China.
“The US has recently sent messages to China through relevant parties, hoping to start talks with China,” the ministry added.

Sounds like more of what we have already heard to me…China +2.5%

QQQs are now +20% from the lows - that was quick! All eyes on NFP at 8:30am.

TTWO delaying GTA VI release to May ‘26 from ‘25 - was dead wrong on this one - didn’t think would get delayed this early…s…