CNBC
Scott Bessent said the U.S.-China tariff truce, due to expire in November, will now run to January 10, two months rather than the six-month extension many had expected, and that Beijing still has deliverables to meet. The announcement landed as Xi's jet touched down at Joint Base Andrews for a state visit through Friday, met by Trump and a flyover of two B-1 bombers. Scott Kennedy at CSIS read the short extension as Washington keeping the heat on, with the side effect that Xi is more likely to show up at the G20 in Miami. Xi's arrival readout called for partnership, not rivalry, and did not mention tariffs, rare earths, or AI.
CNBC
Japan's 10-year yield rose 8 basis points to 3.055 percent, the highest since August 1996, and the 5-year hit a record 2.345 percent, tracking the Treasury selloff that pushed the U.S. 10-year to a 19-year high. UOB blamed rebounding oil, a hot U.S. PMI, and a weak 70 billion dollar 5-year auction that drove 5-year Treasury yields above 5 percent. A weaker yen is adding to the inflation worry, weeks after Bessent signaled he expects Tokyo and the Bank of Japan to defend the currency.
CNBC
Sam Altman and Dario Amodei told the UN Security Council on Wednesday that rivals should still coordinate on AI risk, a day after Trump dismissed a globalist scheme to control the technology and said he would not rein it in. Altman said beating companies in a race is not a reason for rash decisions, and that OpenAI has slowed down before and will again. It is the first time the two CEOs have carried last week's slowdown talk into the Security Council itself, even as both head toward expected IPOs.
CNBC
At Meta Connect, Zuckerberg showed VR glasses slimmer than a Quest, priced at $1,299, on sale in spring 2027, with a Qualcomm processor and battery in an external puck so the frames can stay light. He also flashed Muse Charm, a lanyard gadget for talking to the Muse agent without unlocking a phone, aimed at a December ship date, with no price. He said that if you are not wearing glasses, the Charm will be the fastest way to talk to Muse and show it what is around you.
CNBC
Bloomberg reported that a UPS shipment of an F-35 cockpit canopy and weapons-bay door, both coated in radar-absorbing material, was diverted to Hong Kong in late May on the way from Australia to the United States, and that Chinese authorities now have the parts. Australia's defense minister said Canberra is working with Washington and Lockheed on the investigation, and that he did not believe sensitive parts were in the shipment. The disclosure lands a week after a 24 billion dollar F-35 sale to Saudi Arabia that lawmakers already feared could leak technology toward China.
Ars Technica
The FBI is investigating ShinyHunters' claim that it exploited an unknown bug on FBIJobs.gov, seized the homepage, and took two to three terabytes on current and former employees, applicants, spouses, and medical details. A sample reviewed by Bloomberg appeared to include work focus such as counterintelligence on China, Russia, and Iran. Nothing has leaked yet, and it is unclear what happens if the bureau misses the deadline the group set.