Welcome to Closing Bell. I'm Mike Santoli in for Scott Wapner. We are live from post-9 at the New York Stock Exchange.

This make-a-break hour begins with another dip buyer special, as Dom and Kelly were just talking about, to start a new month.

An early market pullback on more tariff noise and some weaker manufacturing data was recovered rather quickly.

The scorecard was 60 minutes left in regulation. It shows the S&P 500 having crossed above the flat line in the last half hour

or so, up about a third of a percent right now, more than a percent off the morning lows. It is

holding on to last week's near 2 percent gain while still digesting the huge relief rally that ran from the early April

lows through two weeks ago today. The mega cap growth stocks again supporting the tape as they did

much of last week in Vidia and Meta are driving the NASDAX modest lift on the day. And Treasury yields,

they are up a bit after wobbling lower on that weaker ISM data,

but they are unwinding perhaps a month-end bond buying that was featured into last week.

The rates still now holding below key thresholds of 4.5% on the 10-year, the 30,

just on the verge of that 5% level as well.

Which brings us to our talk of the tape. What is the state of play on the verge of that 5% level as well. Which brings us to our talk of the tape,

what is the state of play on the trade policy drama

and what likely outcomes have markets already priced in?

We go to Megan Casella in Washington

for the latest on those fronts.

Hello, Megan.

Hey, Mike's the top headline today

is it senior White House official telling CNBC that President

Trump and Chinese President Xi Jinping are likely to speak this week.

Press Secretary Caroline Levitt later confirmed that reporting, said the White House would

...