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US says Trump and Xi will talk soon as trade tensions ramp up. A White House official told CNBC that President Trump and Chinese President Xi Jinping are likely to speak this week after the US and China traded accusations of violating their recent trade deal. President Trump claimed on Friday that China had violated the deal struck in Geneva, while China said Monday that the US had breached it by imposing new restrictions, including those on chip sales. China’s Ministry of Commerce said that if the US continued this behavior, China would “take resolute and forceful measures to safeguard its legitimate rights and interests.”
Colorado attack suspect charged with federal hate crime. Mohamed Sabry Soliman, the man arrested for allegedly throwing Molotov cocktails at people attending a Boulder, CO, demonstration in support of Israeli hostages in Gaza which sent eight people to the hospital, was charged with a federal hate crime after police said he told them that he would do it again, and that he specifically targeted the “Zionist group.” Authorities also said that Soliman had overstayed his visa after entering the US from Egypt and had been planning the attack for a year.
Jamie Dimon’s retirement is “several years” away. You won’t have to learn the name of a new top dog at JPMorgan just yet. Although the 69-year-old CEO shocked the finance world last year by saying he’d step down within the next five years, ramping up speculation about possible successors, Dimon said in an interview that Fox Business aired yesterday that his retirement wasn’t imminent, although “it’s always up to God and the board.” He added, “I love what I do.”—AR
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