 All right, we were up about 300 points today on the Dow and a lot of issues that are sort of at the mercy of what happens on this trade front with China, like Boeing and Caterpillar. They soared on the prospect we're going to avoid towers for a while. The Chinese promise you're going to buy more goods from us, and that should do the trick for a while. And let's talk. So the thought of no trade war started a buying war at the corner of Wall and Broad. Charlie Gasparano is here on this. The Wall Street Journal's Jillian Melchior and Market Watcher Melissa Armell. What were they whooping up about, you think? The market? The traders. The money-grubbing friends. What were they doing? Honestly, the only real rally, the strong, strong rally today, was really Boeing. I mean, that was the big rally. The stock gap was huge. My brand new alt-time highs today. And that's one whose fortunes often are tied to China, right? Yes. But even Apple had a small rally today. Apple didn't really rally big today, which I was surprised. So how much is China playing into this? I think it's definitely playing into it. There's some relief that we're not going to have an imminent trade war, that there aren't going to be tariffs that end up functioning as tax. Yeah. I mean, we'll see what happens. But I think that this is a temporary suspension. It's the market reacting positively to that. And that's pretty predictable. The problem we have here is that the biggest trade issues are unaddressed. We've got China acting lawlessly. We've got blatant violations of intellectual property, discrimination against U.S. companies. And that is something that I'm not seeing a lot of relief from. Just like Peter Navarro, who was completely iced out of these meetings. Was he iced out of them? Yes. All right. Gary Cudlow said he was iced out of them. I mean, I heard he wasn't part of them. Now, he's the more hawkish trade. Yeah. You nailed him to the wall, kind of guy. Yeah. And he really wants to... He thought the president aired and he blamed it on Mnuchin in cutting... Basically putting ZTE sanctions back, you know, trying to reverse those sanctions. But those sanctions basically put ZTE out of business, the big Chinese talk. As well as they should have. As well as they should have. They deserved it. He went in there and convinced Trump to use that as a bargaining chip with the Chinese. Now, what I find really interesting about this, and you kind of can see it happening, Trump is going to sit there and Mnuchin and all of them are going to say, we've got a huge deal bigger than anything right now. I know it's coming. And they're going to get like almost nothing, and we're going to avert a trade war, which the markets are going to like, at least in the short term. Because anything that's changed... But you don't think this division between the parties that the White House is going to amount to much more than just a little yell? Okay, listen, unless the barrel gets back in the seat, gets back in the game, it looks like Mnuchin has basically convinced the president, let's go soft on China, and let's keep the markets up for the midterms. Well, I also think they're trying to keep their powder drive for the North Korean talks, right? Look, I think that's definitely true. And I don't think this is over. By no means do I think this is over. So what happens next? They get through the talks. Get through June, they go meet, and hopefully that actually happens. I mean... But you have to see some substance of difference in the trade gap between our countries, right? That's what the president wants. That's what I'm saying. I don't think it's over. I don't think Trump's necessarily going to go soft. Well, let's do it. Well, they're committing to buy more goods from us, do it. No, I think the trade deficit has always been a distraction. Look, I wasn't a fan of beginning this whole trade fight to begin with. I understand that, but isn't that what it's going to... China, you say you're going to buy more goods. We want to see the deficit go down, right? I think that's saving face. The really important issues here aren't getting addressed, though, and that's China being a bad actor. I know, but you have to... I think making small concessions on deficit is not super helpful. But you have the midterms coming up, and he's crazy if he's going to want to go into the midterms with a trade war that takes, like, 3,000 points out of the dollar. All right. Guys, a lot of breaking news here will follow this. We'll also follow the fact that gold had its worst day of the year and that the dollar had one of its better days of the year. Let's move on to this.