Mnuchin told CNBC that he's confident President Donald Trump and President Xi Jinping can make progress in stalled trade talks.World Economyread more
U.S. stock index futures jumped Wednesday morning after Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China were almost there on a trade deal.US Marketsread more
President Donald Trump's administration hopes additional sanctions on Iran will force the country to negotiate.Politicsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Bitcoin surged as high as $12,919 in early morning trade Wednesday, to its highest level since January 2018.Technologyread more
AbbVie's deal to buy Allergan for about $63 billion is a "nice exit from a tough situation," RBC Capital Markets analyst Randall Stanicky says.Biotech and Pharmaceuticalsread more
Omada Health just raised $73 million at a valuation of around $600 million as it seeks to expand its digital health offerings.Technologyread more
Chevy is just rolling out an all-new version of its heavy-duty Silverado with the new High Country trim package that could become the first U.S. pickup to top $100,000, Chevy...Autosread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
"Even if it's only to a slight degree, the president will step back and claim victory," said Cashin, director of floor operations for UBS at the New York Stock Exchange.
Trump is threatening tariffs on European auto imports. In an interview with "Squawk Box " last week, Commerce Secretary Wilbur Ross said it's too "premature " to say whether Trump's auto tariffs will come to pass but did not rule them out.
International trade tensions, including Friday's first salvo in America's trade war with China, continue to dominate headlines as Trump gets ready to leave Tuesday on a swing through Europe. The president's trip includes meetings in Brussels with NATO allies, London with British Prime Minister Theresa May, and Helsinki with Russian President Vladimir Putin.
But Cashin said Trump's trade fights are "temporarily" investors' friends, adding the market expects it could keep the Federal Reserve on hold.
The Fed hiked its benchmark short-term interest rate a quarter percentage point in March and June, and indicated two more increases were likely this year.
The trade tactics have "kind of been I'll match you and you'll match me," Cashin said in a "Squawk on the Street " interview. "The Fed will watch them, but they won't be ready to rush in for fear what's going on."