Name: Dow futures rally 250 points on potential China trade truce
Uploaded: 2025-10-27T17:54:39.574Z
Duration: 1 min 14 s
Description: CNBC’s Contessa Brewer reports on Dow futures rallying 250 points Monday morning amid news of a potential U.S. trade deal with China.

CNBC’s Contessa Brewer reports on Dow futures rallying 250 points Monday morning amid news of a potential U.S. trade deal with China.

Dow futures pointed to a higher open amid optimism surrounding a potential trade truce between the US and China, as President Trump was scheduled to meet Chinese President Xi Jinping in South Korea. The markets were also preparing for a significant week with earnings reports from major tech companies, including Microsoft, Meta, Alphabet, Apple, and Amazon, as well as a Federal Reserve policy meeting where an interest rate cut was expected.

A recent survey of business economists indicated that more than half of firms experienced rising costs in the third quarter, though most do not anticipate changes in hiring in the near term. In other news, OpenAI is developing a new tool to generate music from text and audio prompts, collaborating with Juilliard students, though no launch date has been announced.

Dow futures rally 250 points on potential China trade truce

Wall Street is pointed toward a higher open ahead of a big week for the markets. We get earnings from Microsoft Meta Alphabet Apple and Amazon. The Federal Reserve is holding a two day policy meeting and expected to cut interest rates. Plus President Trump is scheduled to meet with Chinese President Xi Jinping in South Korea. So we're getting a lot of trade headlines there. The market's coming off a positive week with the Dow the Nasdaq the S&P 500 up about 1 percent. And many U.S. companies will try to avoid raising prices in the coming months even as costs mount and profits get squeezed. A new survey of business economists shows more than half say costs are rising at their firms in the third quarter. They also say employment rose rather than fell this past quarter. But a majority see no changes in hiring in the next three months. Open A.I. is working on a new tool to generate music based on text and audio prompts. The information reports the tool could be used to add music to existing videos or vocal tracks. Open A.I. is working with some students at Juilliard to train the A.I. tool. It's not clear when the company would launch that tool or if it will be a standalone product with your CNBC morning business report. I'm Contessa Brewer.

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