Friday 6th June 2025

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There hasn’t been a lot of love lost between President Xi and President Trump, but a 90 minute phone call might be the start of a journey of reconciliation. But US equity markets seem to be responding more to the end of the Trump-Musk bromance, as threats being made to Tesla’s subsidies and government contracts, helping to pull the Telsa share price down more than 14  percent. The focus today, of course, is on non-farm payrolls. There’s some nervousness around what these numbers will reveal, particularly after the ADP numbers, and the higher-than-expected weekly jobless claims overnight. NAB’s Ken Crompton talks with Phil about all of this, plus the ECB and Australia’s trade and consumption data.

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