i am ed ludlow. this is bloomberg. haidi: thank you. president trump says a trade deal with china is not finalized just yet, but "a very monumental agreement may be announced in the coming weeks." he spoke after talks at the white house. pres. trump: we have never done a deal like this with china. it is very unique, this set of circumstances, but it is a massive deal. it is the biggest deal ever made. there cannot be a deal like this matter where you look. this is the granddaddy of them all. haidi: let's bring our congress editor joe sobczyk. he seems ready to announce a meeting. up, expectations being set the granddaddy of them all, the biggest deal there ever was, but not much in the details. the the original timeline president had been eager to have an announcement of a summit with president xi sometime even as early as this month. that was always at best a very optimistic timeline for it. oneade deal as complex as negotiated with china typically takes years. have got them going now. he is saying

i'm ed ludlow. this is bloomberg. shery: the dollar's rally on economic data and the latest round of earnings grabbed the spotlight in u.s. trading. while the s&p 500 slid from records, earnings were still generally promising. su keenan has more. stocks were taking a little breather. 80% of the s&p 500 companies reporting earnings have exceeded expectations. that's the general message in the market. take a look at the market snapshot. the dollar hitting a four-month high. we also had bonds on the move. check out the big sectors. energy lower. the energy sector, a big surprise surge in supply pushing the commodity down. you'll also notice the related stocks down as well. going to the big movers. it has to do again with earnings. what you see is at&t and caterpillar, both lower on their respective reports. boeing actually had stronger earnings. we saw the stock at one point up some 2%, but they scrapped their 2019 outlook because of all the concern about the grounded max jets. anadarko in the spotlight with a bidding wa

. : let's go to first word news with ed ludlow. says a trade deal with china is not finalized yet, but a monumental agreement may be announced in the coming weeks. speaking after talks with aging's top negotiator at the white house, the president said there is a way to go, but the two sides are rounding a 10. the president says the main issues to be resolved are ip protection, tariffs, and how to resolve certain deals. done a dealever like this with china. it is a massive deal. could be one of the -- i guess it is, if you think about it, the biggest deal ever made. no matter where you look, there cannot be a deal like this. this is the granddaddy of them all. ed: the united states is threatening to restrict the flow of information to nato allies if they ignore warnings. mike pompeo made the administration's most explicit t huawei. some nato leaders have rebuffed u.s. warning's saying the threat in china is not as dangerous as claimed. is the risk to see is the threshold for the united states, we will not be able to share that infor

it's get the first word news with ed ludlow in san francisco. atest fed minutes include signals policymakers prepared to raise all lower rates as required, but an unusual mix of rates can mean they can be on hold. issues described as significant uncertainty include external drag, such as brexit, to slow down in europe and the ongoing trade war. the fomc is concerned about tepid inflation. australia will elect its next federal government on may 18. scott morrison named a date with polls showing his liberal national coalition trailing the party.ion labor the parties heading to a five-week campaign, which will be dominated by start policy differences. issued include tax cuts, boosting wages, and reducing emissions, and one of the world's worst per capita polluters. after $100 million was stolen from bangladesh's account at the federal reserve, swift says cyber criminals are reining in their ambitions. the money was funneled through the philippines. fraudulent transactions range from $250,000 to about $2 million. the vast majority of the fake deals w