- In today’s CEO Daily: Diane Brady talks to the CEOs of Stryker, Sentry Equipment and the U.S. Chamber of Commerce CEO about how they’re handling the 90-day pause in the trade war.
- The big story: Trump may (eventually) get the lower interest rates he wants.
- The markets: Huge yesterday, not so much today.
- Analyst notes from UBS on Trump’s climbdown, Oxford Economics on GDP, Goldman Sachs on China exports, and BNP Paribas on the tariff war.
- Plus: All the news and watercooler chat from Fortune.
Good morning. Stocks are up since the world’s two superpowers declared a temporary detente this week, agreeing to slash tariffs for 90 days. Has investor optimism trickled down (or is that up?) to the C-suite? Here’s a perspective from two leaders in different circumstances. Stryker CEO Kevin Lobo, who recently said tariffs could take $200 million off the medical technology company’s otherwise strong expected earnings this year, told me yesterday that he’s not making big moves in light of the break. The $22.6 billion-a-year company still managed to deliver double-digit growth this past quarter.
