Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to next week’s Fed decision.
• In the UK – a look ahead to next week’s Bank of England decision.
• In Asia – a look ahead to next week's Bank of Japan decision.

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Stocks fell along with equity-index futures and investors rushed to the safety of havens such as Treasuries after Israel attacked Iran's nuclear program sites. Crude oil jumped more than 9% while gold also rose. We get the latest on what's moving markets from Mary Nicola, Bloomberg MLIV Strategist in Singapore.

Plus - Treasuries rallied across the curve on Thursday, bringing the 10-year yield six basis points lower to around 4.36%. The gains were supported by the second US inflation print in as many days that came in below consensus forecasts, backing the argument for Fed cuts. The dollar hit a three-year low. The producer price index rose 0.1% from a month earlier, compared with the median forecast in a Bloomberg survey of economists that called for a 0.2% increase. A solid sale of long-term US government debt added further impetus for the rally, reducing fears that spiraling deficits are causing investors to shun the bonds. We talk inflation and trade with Natalia Gurushina, Chief Economist for EM Fixed Income Strategy at VanEck.

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US equity-index futures dipped along with the dollar after President Donald Trump said he will set unilateral tariff rates within two weeks, dialing up trade tensions once again. The comments come a day after Chinese and US officials struck a positive tone following their talks to dial down trade tensions. Amid US talking with countries including India and Japan to lower the levies, some investors see Trump's comments as an effort to ramp up urgency in talks. We talk markets with Zachary Hill, Head of Portfolio Management at Horizon Investments.

Plus - China's biotech industry is gaining momentum, with Pfizer and Bristol-Myers Squibb making billion-dollar deals with Chinese companies to license experimental cancer drugs. The industry is expected to continue growing, driven by factors such as US President Donald Trump's economic policies, cheaper and easier human testing in China, and an abundance of young and affordable engineering talent. We check in with Shuli Ren, Bloomberg Opinion Columnist, for a closer look at the sector.

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The US and China de-escalated trade tensions, agreeing to a preliminary deal on how to implement the consensus the two sides reached in Geneva, negotiators for both sides said. While the full details of their accord weren't immediately available, US negotiators said they "absolutely expect" that issues around shipments of rare earth minerals and magnets will be resolved with the framework implementation. We get reaction from George Schultze, Founder and CEO at Schultze Wealth Management.

Financial markets were closely watching whether the world's largest economies can find a way to tamp down trade tensions that economists say have tipped the world economy into a downturn, with the US among the hardest hit. Despite the modest moves Wednesday, global stocks are still at a record high, having recovered from their April lows as President Donald Trump suspended his tariffs until July 9th. For more, we hear from Matthew Michelini, Partner and Head of Asia-Pacific at Apollo Global Management. He speaks with Bloomberg's Yvonne Man at the Bloomberg Invest Summit in Hong Kong.

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Asian shares edged up, buoyed by expectations about the US-China trade talks as officials struck a positive tone after the first day of negotiations. While no significant breakthroughs were announced after the first day of talks and stocks pared some of their earlier gains, US officials sounded optimistic about the negotiations. With a key inflation read on tap Wednesday - and the Federal Reserve is entering a blackout period before its June 18 interest-rate decision - money managers are wrestling with what could propel the S&P 500 back to a record after the index soared 20% from its April lows. For a look at how the talks are impacting market action, we hear from Jim Worden, Chief Investment Strategist at the Wealth Consulting Group.

Talks will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. The advisers will meet again Tuesday at 10 a.m. in London, the official said. US Commerce Secretary Howard Lutnick said discussions between Washington and Beijing were "fruitful" and Treasury Secretary Scott Bessent cited a "good meeting." Talks will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. The advisers will meet again Tuesday at 10 a.m. in London, the official said. For a closer look, we hear from Bloomberg's Jennifer Dlouhy in Washington and Stephen Engle in Hong Kong. They speak with Bloomberg's Shery Ahn and Haidi Stroud-Watts.

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Asian stocks opened higher Monday with the US and China set to resume trade negotiations. Adding to the optimism in the stock market was the surprise in labor data. While US job growth moderated in May and prior months were revised lower, Friday's report narrowly exceeded forecasts. We get reaction from Chris Brigati, Chief Investment Officer at SWBC.

Plus - trade tensions appeared to recede between President Donald Trump and China's Xi Jinping as an impasse on critical minerals was broken, paving the way for further trade talks. We get a preview of how the talks may impact the trading week ahead with Alicia Garcia Herrero, Chief Asia-Pacific Economist at Natixis. She speaks with Bloomberg's Shery Ahn and Haidi Stroud-Watts.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to U.S CPI and PPI data and Tesla’s Robotaxi launch.
• In the UK – a look ahead to London’s Tech Summit.
• In Asia – a look ahead to readings on Chinese exports, as well industrial production and retail sales.

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Tesla shares slumped 14% on Thursday as President Donald Trump proposed ending Elon Musk's government contracts and subsidies after his onetime adviser attacked the Republican's tax-policy bill. Musk also said he would end the use of SpaceX's Dragon spacecraft and called for Trump's impeachment. The Tesla move weighed on US benchmarks Thursday that had earlier risen as Trump and China's President Xi Jinping agreed to further trade talks. Trump said talks would begin shortly at a location to be determined as the countries aimed to resolve disputes over tariffs and rare earth minerals. We take a look at how markets are digesting the headlines with Robert Schein, Chief Investment Officer at Blanke Schein Wealth Management.

Plus - during President Trump's first term, he famously toured a Texas factory and claimed credit for bringing Apple Inc's production back to America. Except the plant had been running long before he took office. And it was an "unmitigated fiasco." Workers in China had to be flown in to help fix the mounting manufacturing issues encountered in the US heartland. We're joined by Bloomberg Opinion's Catherine Thorbecke, for a look whether a China exit is plausible for the iPhone maker amid tariff threats from Washington.

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