Squawk on the Street U.S.-China Trade Talks Countdown, Bitcoin's Resurgence, Barrick Mining CEO on the Gold Rush 5/9/25
May 9, 2025
Mark Bristow, CEO of Barrick Mining, shares insights on the gold and copper markets amidst a volatile economy. He discusses Barrick's strategic shifts and the company's impressive earnings while highlighting the resilience of gold during uncertain times. The podcast also dives into the anticipated U.S.-China trade talks, examining their potential effects on tariffs and global markets. Meanwhile, Bitcoin's recent surge adds another layer of intrigue to the financial landscape, prompting discussions around its future and market dynamics.
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Trade Talks Key Market Driver
- Market sentiment hinges heavily on the outcome of the U.S.-China trade talks this weekend.
- Investors view the talks as crucial for earnings projections and consumer health, despite other economic factors.
Crypto Resurgence Insight
- Bitcoin and Ether are rallying strongly, with Ether up almost 30% this week.
- This rebound reflects renewed retail investor enthusiasm and the crypto market acting as a high beta risk asset.
China’s Trade Posture and Rare Earths
- China projects strength ahead of U.S.-China trade talks, signaling no intention to easily concede.
- Rare earth minerals are a potential leverage point as China cracks down on smuggling while mocking U.S. shortages.