This May and June enter to win the buy side from the Wall Street Journal,

expert entertaining summer sweepstakes at buysidesummersweeps.com.

Elevate your summer with a selection of buy side reviewed and approved products.

No purchase necessary in June 30th, 2023 for official rules and to enter to win,

visit buysidesummersweeps.com.

Investors reassess the Fed's rate strategy and their bullish stance on US stocks.

Early this year, the market was expecting that interest rates might fall by perhaps a full

percentage point. Now, the market is telling us that it basically doesn't expect the Fed to cut

rates at all this year. Plus, Britain's Prime Minister hopes a visit to the US nets the UK

in economic boost and more delivery delays for Boeing after it finds a new defect on its 787

Dreamliner. It's Wednesday, June 7th. I'm Luke Vargas with the Wall Street Journal,

and here is the AM edition of Watts News, the top headlines and business stories moving your world.

Today.

And let's begin this morning by taking a pulse of the global economy on the back of fresh

trade data from China and an OECD report on the worldwide growth outlook and who better to pull

it all together than journal finance editor Alex Fragos. All right, we've got Chinese export data

in from May showing a decline of 7.5% compared to a year ago when there were widespread lockdowns

in China. What should we make of that? Well, I don't know if you should make much of it for the

Chinese economy. It's more a reflection of the rest of the world because what that's saying is China

is exporting sending goods out to the rest of the world at a decline. So that means the rest of the

world is buying less stuff from China. So perhaps it's obviously not good for China either because

they earn a lot of money from their exports, but it's also a sign that the rest of the world

...