Big Tech earnings, Fed cuts rates, Trump-Xi meeting and more in Morning Squawk
1. Alphabet's shares surged 7% after exceeding revenue expectations. 2. Microsoft's shares fell 2% due to increased spending and an OpenAI loss. 3. Meta shares dropped 9% linked to a tax charge and Reality Labs loss. 4. Fed's rate cut is uncertain for future meetings, impacting market sentiment. 5. Trump's trade agreement with China reduces tariffs, positive for market outlook.