Ben Shapiro

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Ben Shapiro

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U.S. stock index futures are pointing to sharp gains on reports that the Trump administration sent a letter to Chinese economic overseer Liu He setting out specific requests to help slash China's trade surplus with the U.S. They include seeking a tariff cut on U.S. automobiles, more Chinese purchases of U.S. semiconductors, and greater access to China's financial sector by American companies. Treasury Secretary Steven Mnuchin is also weighing a trip to Beijing, with China willing to hold talks over trade differences. (SA)

South Korea is next to escape President Trump's metal tariffs after revising its six-year-old bilateral trade deal with the U.S. It will see Seoul double its import quota for American-made cars and reduce the amount of steel it sends into the United States. South Korea will also allow the U.S. to keep its 25% tariffs on pickup trucks in place for 20 more years. (SA)

Boeing delivered its first 787-10 Dreamliner to Singapore Airlines on Sunday, rounding out a family of lightweight jets on which the U.S. planemaker is betting its future. The Boeing (NYSE:BA) aircraft, which sells for $326M at list prices, has a range of 6,430 nautical miles and seats around 330 passengers, 40 more than the 787-9 and 88 more than the 787-8. (FT)

Finally, Remington Outdoor, America's oldest gunmaker, has filed for bankruptcy protection.  The North Carolina-based maker of firearms and ammunition filed a pre-packaged Chapter 11 filing in federal bankruptcy court on Sunday.  Remington, founded in 1816, said in the filing that it has between $100m - $500m in both assets and liabilities.  (FT)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.

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