Investors desperate for good news on trade and global economic growth are in luck.
The result: Global markets pushed higher, led by Hong Kong Hang Seng.
This does not mean that last week's volatility should be set aside. Trump suggested a trade deal that would eliminate billions of dollars in goods remains elusive. "China would like to make a deal," he told reporters Sunday. "I'm not ready."
Another red flag: Trump also threw cold water on the notion that Chinese technology company Huawei could be released from the hook. It is an important barrier to relieving tension between Washington and Beijing, which sees Huawei as a national champion.
"I don't want to do business [with Huawei] at all because it is a threat to national security," Trump said. There are reports that the US Department of Commerce could extend a temporary license allowing US companies to sell components to Huawei despite the US export ban.
Stocks could show resilience this week in hopes that Jerome Powell, Federal Reserve chairman will preview the Fed's decision in September when central bankers gather for a summit in Jackson Hole. But there is reason to be skeptical that central banks can save the beef market at this time.
Global slowdown comes to dividend
Dividend paid to global shareholders hit a record $ 513.8 billion in the second quarter. But the rate of growth was the slowest in more than two years, according to a new report from Janus Henderson, an asset management firm.
"The slowdown in the world economy and its associated impact on corporate profits has begun to impact dividends," the report states.
More: "Underlying [dividend] growth of 4.6% is objectively good, but is nonetheless weaker than growth over the last couple of years."
In the United States, the largest contributor to growth came from the banking sector.
Remember: I wrote last week that JPMorgan predicts stock buybacks peaked for the cycle in 2018. Shareholders who used to reap big rewards may be in for an adjustment.
Coming tomorrow: More revenue in litigation can shed light on US consumer spending. Home Depot, Kohl's, TJX and Urban Outfitters will share results.