Chris Rupkey, MUFG Union Bank Chief Financial Economist, says the U.S. and China are hitting each other pretty hard with rhetoric. Michelle Meyer, BofA Merrill Lynch Head of U.S. Economics, does not think we're going to see big inflationary pressures this year. Shira Ovide, Bloomberg Gadfly Columnist, recaps Spotify's direct listing on the NYSE yesterday. Steven Friedman, BNP Paribas Asset Management Senior Economist, says to look to the bond market during breaking news.