JUST THE FACTS

Tariff concerns were back on full display on Wall Street Friday. Results would end mixed as investors braced for trade talks between the U.S. and China, leaving the major indices all in the red for the week.

The weekend talks between the U.S. and China produced a massive agreement to ease trade tensions. Both sides will slash most reciprocal tariffs temporarily while talks continue for a permanent solution.

President Trump's war of words with the Fed won't be ending soon. Wednesday's vote leaving rates unchanged made sure of that as policymakers remained in wait and see mode for possible tariff impacts.

U.S. small business owners have a pretty bleak outlook for the economy. In a new survey, 70% of those responding believe a recession is ahead, while 51% say they expect to get hit by shifts in trade policy. 

The incoming week is stacked with news and numbers. Trade negotiations will be a headliner, of course, but new readings on inflation, retails sales, and consumer sentiment will also grab some attention.

As the White House looks for ways to cut spending, it's also considering new ways to raise revenue. One surprising idea the President himself threw out, a higher tax bracket starting at the $2.5 million mark.