CNBC Daily Open: Trump has the last word on U.S. stocks
1. S&P 500 fell 1.5% but recovered after trade updates. 2. Trump threatened China with a cooking oil embargo over U.S. soybeans. 3. Fed Chair Powell hinted at ceasing monetary tightening, increasing market optimism. 4. Major banks exceeded earnings expectations, showing robust economic fundamentals. 5. Oracle's shift to AMD chips signals market diversification in AI tech.