NewsWare’s Trade Talk: Friday, June 6

S&P Futures are trading higher this morning ahead of this morning Non-Farm Payrolls report. Markets remain positive on the state of U.S. China relations after a Thursday phone call between Trump and XI. The same can't be said for the Trump Musk relationship as they exchanged a series of negative comments yesterday. The comments elevated concerns on the passage of Trump's tax bill. Japanese officials are in DC today for trade talks. Tesla's auto taxi is schedule to commence service on June 12 in Austin, TX. Apple's developers conference starts on Monday. On the earnings front, LULU and AVGO are lower after earnings reports. Next week, watch for the CPI report and earnings from ORCL & ADBE.