Asian stocks edged lower and US equity-index futures dropped at the open as trade conflicts showed no signs of abating. Nvidia said the US put new restrictions on some chip exports to China. Contracts for the Nasdaq 100 fell more than 1.5% and S&P 500 futures retreated 1% after Nvidia slumped in after-hours trading. That’s even as results from Wall Street’s financial heavyweights on Tuesday underscored an equity-trading boon and still-healthy consumers and businesses. We discuss the day's market headlines with Ken Stern, President and CEO at Lido Advisors.

Plus - TikTok users in the US are being inundated with videos from Chinese influencers encouraging American buyers to overcome punitive Trump tariffs by buying direct from the “world’s factory” — China. Mostly filmed at Chinese factories purporting to supply top US brands from Lululemon Athletica to Nike, the influencers aim to “expose” how the vast majority of consumer goods are made in the world’s second-largest economy. Colum Murphy, China EcoGov Reporter for Bloomberg News, joins us from Beijing to break down the story.

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Speaking exclusively to Bloomberg, Treasury Secretary Scott Bessent played down the recent selloff in the bond market, rejecting speculation that foreign nations were dumping their holdings of US Treasuries.

In her latest column, Bloomberg Opinion's Shuli Ren writes China is done retaliating against President Donald Trump's exorbitant tariffs, calling the administration's actions a "joke" that it no longer considers worthy of matching. The question now is whether President Xi Jinping will find a more potent weapon to strike back - such as its $760 billion worth of Treasury securities. We get her reaction to Bessent's comments.

Plus - a degree of calm returned to Wall Street, with stocks and bonds notching a twin rally after a tumultuous week in the grip of President Trump's disruptive trade war. We get reaction to the day's market action from Ross Mayfield, Investment Strategist at Baird.

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On today's episode - US President Donald Trump pledged he will still apply tariffs to phones, computers and popular consumer electronics, downplaying a weekend exemption as a procedural step in his overall push to remake American trade. We preview the trading week ahead with Chuck Cumello, President and CEO at Essex Financial Services.

Asian stocks advanced at the open after Washington issued the pause on import duties on a range of consumer electronics, lifting sentiment after a volatile week for markets. We get more perspective on the escalating US-China trade war and what it means for Asian markets with Mark Matthews, Head of Asia Research at Julius Baer. He speaks with Bloomberg’s Shery Ahn and Haidi Stroud-Watts.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to U.S Retail sales and earnings from Netflix.
• In the UK – a look ahead to next week’s ECB meeting.
• In Asia – a look ahead to earnings from TSMC.

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A gauge of Asian stocks is on track for its third consecutive week of decline as market relief turned to angst after the White House clarified US tariffs on China rose to 145%. US Treasuries resumed a selloff from earlier in the week. Equity-index futures for the S&P 500 retreated 1%. In a sign investors are seeking havens and non-US alternatives, the euro soared as much as 1.6%, the yen strengthened and gold set a new high. We check in with Mark Cranfield, Bloomberg MLIV Strategist in Singapore.

Less than 24 hours after President Donald Trump backtracked on his broader, once-in-a-century trade war to prevent a meltdown in financial markets, frantic selloffs hit US stocks, bonds and the dollar Thursday as fears of a worldwide recession engulfed Wall Street. We get some market perspective from Patrick Kennedy, Founding Partner at AllSource Investment Management.

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Asian stocks posted their biggest jump in more than two years as global financial markets rebounded after US President Donald Trump paused most of his sweeping reciprocal tariffs. Treasuries rallied after a tumultuous session. Trump announced a 90-day pause on the new tariffs that hit dozens of trading partners Wednesday. However, he raised duties on China to 125%. That came after the Asian nation retaliated and said it will raise levies on US goods to 84%. We get some perspective from Chi Lo, Senior Market Strategist at BNP Paribas Asset Management.

Stateside - Trump’s pledge to pause those tariffs ignited the biggest burst of buying Wall Street has seen since 2008. After narrowly avoiding a bear market, the S&P 500 staged a historic bounce from a selloff that wiped out trillions from global share prices amid the specter of a full-blown trade war that fueled fears of a US recession. The equity benchmark soared 9.5%, the most since the global financial crisis, while the Nasdaq 100 surged 12% as euphoria gripped markets after four days of bruising, high-volume trading. Nearly every stock in major gauges rose. We break down the day's price action with Rebecca Walser, President at Walser Wealth Management.

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Stocks sank and Treasuries sold off in Asia Wednesday morning, as financial markets were hit by fresh turmoil after US President Donald Trump ratcheted up the pressure on China and pledged to push ahead with sweeping global tariffs. Bloomberg Opinion's Karishma Vaswani says Washington's tariffs are driving Asian nations to strengthen cooperation with each other and consider drifting back towards China, which could erode American credibility and strategic edge in the Indo-Pacific. She joins the program to discuss her latest column.

Plus - The S&P 500 fell 1.6% as trade threats between the US and China knocked down stocks, leaving it on the brink of a bear market. Former Treasury Secretary Lawrence Summers warned that the US is now likely headed toward a recession, with potentially 2 million Americans put out of work, thanks to those tariff increases. We get reaction from Stuart Thomas, Founding Principal at Precidian Investments.

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Asian shares bounced back after a record selloff, as Japan lead gains on expectations that it will get priority in trade talks with US President Donald Trump’s administration. China slammed the US for threatening to raise its tariffs and pledged to retaliate if Washington follows through, raising the stakes of the trade war between the world’s two largest economies. We get some market perspective from Stephanie Leung, Chief Investment Officer at StashAway.

On Monday, Trump threatened to slap additional 50% import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp his intentions for his sweeping tariff plans. Fears of an economic downturn led to sharp swings in US markets with the S&P 500 index nearing a bear market before finishing slightly down as investors absorbed further tariff news. We unpack the stateside reaction with Ahmed Riesgo, Chief Investment Officer at Insigneo.

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A flight from global equities accelerated Monday and investors piled into haven assets as the fallout from US President Donald Trump’s tariffs deepened after China slapped retaliatory measures. From Sydney to Tokyo, Asian stocks plunged at the open along with commodities such as oil and copper. Trading of Nikkei 225 and Topix futures was suspended earlier as a circuit breaker was triggered due to a glut of sell orders, according to a notice on Japan Exchange Group's website. Yields on two-year Treasuries, the most policy sensitive bonds, dropped as much as 22 basis points while the Japanese yen and Swiss franc surged. Chinese stocks are bracing for a grim day when trading resumes after an extended weekend, during which Beijing announced 34% tariffs on all imports from the US. A gauge of US-listed Chinese shares fell 8.9% on Friday. For perspective on the week ahead for markets, we speak with Helen Zhu, Chief Investment Officer and Managing Director at NF Trinity.

The tariff moves underscore the heightened concerns across financial markets as Trump attempts to reshape the global trade in Washington’s favor, increasing the risk of a recession. Federal Reserve Chair Jerome Powell made clear that the central bank won’t rush to react to the tariffs, which are likely to have a significant effect on the US economy, including slower growth and higher inflation. We explore what the global selloff could mean for monetary policy with Adam Coons, Co-Chief Investment Officer at Winthrop Capital Management.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – an eco look ahead post Trump-tariffs, and also a discussion on how the retail sector may be impacted.
• In the UK – a look at the BOE’s quarterly report on the stability of the UK's financial system.
• In Asia – a look at President Trump’s additional 34% tariff on Chinese goods and how that may impact U.S, China relations. Also, a look at how tariffs will impact U.S, Australia relations.

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