CNBC Daily Open: If U.S.-China talks go well, analysts think the S&P 500 could hit new high

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U.S. Treasury Secretary Scott Bessent (center) astatine Lancaster House successful London, U.K., connected Monday, June 9, 2025.

Chris Ratcliffe | Bloomberg | Getty Images

Trade negotiators from the U.S. and China person met successful London, and talks are expected to proceed Tuesday, a root acquainted with the concern told CNBC's Megan Casella.

At the apical of the docket for America appears to beryllium a relaxation of China's uncommon earths export curbs, according to a CNBC interview with U.S. National Economic Council Director Kevin Hassett. If China's actions precocious past week — erstwhile it seemingly gave Western automakers concessions regarding those minerals — are immoderate indication, Beijing could beryllium consenting to accede to the U.S. request.

But the world's second-biggest system would request reciprocity. On June 2, Beijing bristled astatine Washington's tighter grip connected exports of spot plan software to China. But it appears that Washington is besides successful a conciliatory mood. "Our anticipation is that … instantly aft the handshake, immoderate export controls from the U.S. volition beryllium eased," Hassett said connected CNBC's "Squawk Box."

If the U.S.-China talks spell well, there's a accidental the S&P 500, lone astir 2% disconnected its February precocious arsenic of Tuesday greeting Singapore time, could scope a caller peak, noted the JPMorgan trading desk.

That'd beryllium thing to cheer, of course. But it's somewhat upsetting to recognize that the S&P could person continued scaling heights from February, oregon astatine slightest breached its closing precocious overmuch earlier successful the year, if not for truculent commercialized argumentation from the White House — which, arsenic is evident from the gathering betwixt U.S. and China, governments present are inactive trying to undo.

What you request to cognize today

U.S.-China talks acceptable to spell into Day 2
U.S. President Donald Trump's apical commercialized officials met Chinese counterparts successful London connected Monday for talks aimed astatine resolving their commercialized dispute — peculiarly with respect to mineral exports. Discussions are acceptable to continue Tuesday. Late past week, successful an evident olive branch, China seemed to connection U.S. and European car giants thing of a reprieve regarding its exports of uncommon world elements.

Stocks successful the U.S. roseate marginally
U.S. stocks edged up Monday. The S&P 500 added 0.09%, the Dow Jones Industrial Average was mostly flat, and the Nasdaq Composite roseate 0.31%. Europe's Stoxx 600 scale dipped 0.07%.  Shares of spot designer Alphawave jumped 20% connected a takeover by U.S. semiconductor giant Qualcomm, portion Spectris soared 60% after confirming it is successful talks implicit a takeover woody with backstage equity radical Advent International.

A caller 'Liquid Glass' look for Apple's iOS
Apple held its annual Worldwide Developers Conference keynote connected Monday. At the event, the institution announced a redesign to its iOS strategy called "Liquid Glass," a virtual solid look that was inspired by the Vision Pro; real-time translation to calls, texts and FaceTime; caller gaming, video and endeavor features for its augmented world instrumentality Vision Pro; a caller mentation of its Mac operating system, named Tahoe.

UK successful a 'Goldilocks' moment: Nvidia CEO
"The U.K. is successful a Goldilocks circumstance," Nvidia CEO Jensen Huang said Monday connected a sheet with British Prime Minister Keir Starmer and Investment Minister Poppy Gustafsson. "You can't bash instrumentality learning without a instrumentality — and truthful the quality to physique these AI supercomputers present successful the U.K. volition people pull much startups," Huang said, though helium added that the state lacks homegrown AI infrastructure.

[PRO] New grounds for S&P soon?
The S&P 500 ticked higher connected Monday and continues to spot distant astatine the spread to a caller grounds high. The broad-based scale is conscionable 2% beneath its grounds adjacent acceptable successful February. Several events successful the days ahead could beryllium to beryllium the catalyst that vaults it implicit the top, according to the JPMorgan trading desk.

And finally...

A Bitcoin cryptocurrency logo successful Warsaw, Poland, connected Wednesday, May 7, 2025.

Damian Lemanski | Bloomberg | Getty Images

'Bitcoin Family' hides crypto codes etched onto metallic cards connected 4 continents aft caller kidnappings

Didi Taihuttu, patriarch of the alleged Bitcoin Family, said helium overhauled the family's full information setup aft a question of high-profile kidnappings targeting cryptocurrency executives.

The Taihuttus — who sold everything they owned successful 2017, from their location to their shoes, to spell each successful connected bitcoin erstwhile it was trading astir $900 — person agelong lived connected the outer borderline of crypto ideology. They travel full-time with their 3 daughters and stay entirely unbanked.

Over the past 8 months, helium said, the household ditched hardware wallets successful favour of a hybrid system: Part analog, portion digital, with effect phrases encrypted, divided and stored either done blockchain-based encryption services oregon hidden crossed 4 continents.

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