All the presidents meet

So Mike, a bit of Goldilocks mood taking over the markets for the start of the week and this all seems to be the catalyst from successful opening talks between US Treasury Secretary Scott Pesent as well his Chinese counterparts, setting up the stage for more positive soundbites coming from President Trump's and Xi Jinping's meeting later this week.

At the same time, we have the UN General Assembly meeting where Every world leader worth their salt will be coming up with the latest hot button talking points on AI.

So a lot of high level diplomacy focused for the markets this week.

But it seems if it just takes a slight positive thumbs up or a nod and the markets are going to rally.

Do you think it's just going to be a lot of talk this week, not much action?

There's no doubt that the Trump-Xi meeting on Thursday will be the centerpiece in terms of potential developments that would influence markets.

That's true.

It's not entirely clear what they will come up.

We know there are many dozens of topics that are on the table, as you mentioned, Scott Besant and He Li-Feng.

The Chinese vice premier met in New York yesterday and they kind of laid out the issues.

Trade, of course, we have a deadline of November 10th for the expiry of this latest truce, such as it is.

It's a trade truce, but it seems to get interrupted with all sorts of restrictions periodically.

But that will be important.

And it's likely, I think, come Thursday that that will be extended again.

It doesn't appear that there is any issue that would stop that.

AI, of course, has been the story of the month so far in terms of the warnings about its power and destructive power.

And so, of course, the two leading companies, countries in the AI arms race, if you want to call it that, will have to at least open some discussion about what happens vis-a-vis regulation, guardrails, call it what you want, kill switches.

How would they do it? It appears from the Besant meeting last night that there were discussions at least that they would have a warning system for any major problems.

Now that does remind us of Cold War politics, of arms races, other arms races in the past.

But at least you can see both sides are willing to at least discuss this, even if both of them, from the statements they've made over the last couple of weeks at least, have said that they feel there's enough regulation in place and they don't want to slow down development per se.

But we then get to all the other noisy geopolitics before we get to those top-level meetings that happened at the weekend.