Friday's News Links

[CNBC] Stocks jump after stronger-than-expected U.S. jobs report: Live updates

[CNBC] Treasury yields higher after latest U.S. jobs data release

[Yahoo/Bloomberg] Gold’s Cheaper Precious Metal Peers Surge to Multi-Year Highs

[CNBC] U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%

[Reuters] China’s rare earth weapon changes contours of trade war battlefield

[Yahoo/Bloomberg] Xi Bets Trump Detente Will Lead to Future Wins on Chips, Tariffs

[AP] US declines to label China a currency manipulator, but blasts its transparency policies

[AP] Trump and Musk break up, and Washington holds its breath

[Yahoo/Reuters] US equity funds see outflows on trade policy worries, Europe drew inflows ahead of ECB rate cut

[Reuters] Taiwan accuses China of carrying out 'provocative' military patrol near island

[Yahoo/Telegraph] Trump’s tax bill is undermining the foundations of global finance

[Bloomberg] Bond Traders Consult Risk Bosses Daily to Prep for Next Storm

[Bloomberg] US Household Debt Has Climbed to a Record — Are You Feeling the Pinch?

[Bloomberg] Private Equity in 401(k)s Isn’t as Smart as It Seems

[Bloomberg] US Treasury Calls on BOJ to Hike Rates to Correct Yen Weakness

[Bloomberg] Trump-Harvard Spat Roils US Campuses With Visas Under Threat

[Bloomberg] PBOC Eases Liquidity Jitters With Surprise Cash Disclosure

[NYT] Deficit Politics Returns in Debate Over Trump Tax Cuts

[NYT] China Allows Limited Exports of Rare Earths as Shortages Continue

[NYT] Xi’s Message to Trump: Rein in the Hawks Trying to Derail the Truce

[WSJ] What Musk and Trump Risk Losing in Their High-Stakes Breakup

[WSJ] China Central Bank Pumps Liquidity Into Markets Amid Cash-Crunch Concerns

[WSJ] Ukraine’s Drone Attack Exposes Achilles’ Heel of Military Superpowers

[WSJ] Iran Orders Material From China for Hundreds of Ballistic Missiles

[FT] The mounting pressure on bond markets

[FT] Goldman Sachs reins in risk appetite as Donald Trump’s tariffs roil markets

[FT] Tett: The fight to protect US data has begun

[FT] Any respite for Japan’s bonds is likely to be short-term

[FT] Japanese queue for hours as rice shortage deepens

Thursday Afternoon Links

[Yahoo/Bloomberg] Treasury Rally Stalls as ECB Sparks Euro-Zone Bond Selloff

[Yahoo/Bloomberg] Tesla Tumbles After Musk Escalates Attacks on Trump Tax Bill

[AP] Trump says after Xi call that US and China will resume trade talks

[Axios] China's trade war gambit puts Trump on defense

[Reuters] The world's auto supply chain is in the hands of a few Chinese bureaucrats

[Reuters] Auto companies face shortages due to China's rare earth restrictions

[Yahoo/Reuters] US trade deficit narrows sharply in April; imports post record drop

[Yahoo Finance] Fed’s Kugler looks to hold rates steady as she warns of higher inflation from Trump's tariffs

[Axios] Musk goes nuclear: "Without me, Trump would have lost the election

[AP] Trump and Musk’s relationship flames out just as it started, intensely and publicly

[Yahoo/Reuters] Citadel CEO worried by rising cost of US default insurance

[Bloomberg] China Skips US Oil Purchases for Second Month on Trade Impasse

[NYT] Red Sea Passage Remains a No-Go for Shipping Despite U.S. Action

[WSJ] Trump Says He Discussed Trade, Rare Earths in Call With China’s Xi

[FT] Donald Trump and Xi Jinping agree to launch new round of trade talks

[FT] BlackRock’s Larry Fink sounds alarm over rising US deficit

[FT] Donald Trump attacks ‘hostile’ Elon Musk as row over tax bill erupts

[FT] Christine Lagarde signals ECB rate-cutting ‘nearly concluded’