S&P, Dow, and Nasdaq all on pace for gains week-to-date, despite another volatile first hour of trade: Sara Eisen, David Faber, and Michael Santoli broke down the latest as China strikes back with additional tariffs on U.S. goods and bond yields see another big jump. Consumer Sentiment coming in at multi-year lows before the team headed live to Beijing for a read from the ground – and Trivariate’s Adam Parker discussed his top picks here, along with Goldman’s Chief U.S. Economist -fresh off the firm’s quick turn on a recession call earlier this week.

Plus: A deep-dive into new numbers out of the Big Banks… JPMorgan, Wells Fargo, and Morgan Stanley all reporting results this morning: what they’re saying about the consumer – and President Trump’s tariff moves.  

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