China Issues 5G Licenses as Race to Build Networks Heats Up – Bloomberg

China approved four operating licenses for 5G networks, setting the stage for the super-fast telecommunications system amid simmering tensions with the U.S. over technology and trade.
— Read on www.bloomberg.com/news/articles/2019-06-06/china-issues-5g-licenses-as-race-to-build-new-networks-heats-up

Goldman Sachs and UBS execs: Markets are ‘overpricing’ Fed rate cuts

The financial markets are getting too far ahead on expectations for potential for Federal Reserve rate cuts, according to a pair of top global bankers at UBS and Goldman Sachs.
— Read on www.cnbc.com/2019/06/06/goldman-sachs-and-ubs-execs-markets-are-overpricing-fed-rate-cuts.html

Here’s how high oil could go if a conflict broke out with Iran

In an area responsible for the shipment of one-third of the world’s seaborne oil, just how high could military confrontation — or indeed, an outright war — send the price of crude?
— Read on www.cnbc.com/2019/06/06/heres-how-high-the-price-of-oil-could-go-if-conflict-broke-out-with-iran.html

Steepening Yield Curve Shows Market Isn’t Waiting for Fed to Act

Futures reflected more than 70 basis points of easing in 2019 at one point Wednesday, a move that helped push key portions of the curve to their widest since at least November. Bets on steepening — historically the darling trade during easing cycles — are building amid signs of weakness in U.S. manufacturing
— Read on ca.finance.yahoo.com/news/steepening-yield-curve-shows-market-171348712.html