Wall Street could open with gains as U.S. Fed set to hold interest rates do sex sex to

Wall Street is poised to open with gains as the Federal Reserve wraps up a two-day policy meeting where it will almost certainly leave interest rates unchanged despite pleas from President Donald Trump for a rate cut as he pursues a worldwide trade war. Futures for the S&P 500 and the Nasdaq composite rose 0.6 per cent before the bell Wednesday. Futures for the Dow Jones Industrial Average rose 0.7 per cent.Walt Disney Co. jumped more than six per cent in premarket after the entertainment behemoth easily beat Wall Street’s profit targets for the second quarter. Disney’s revenue rose 7% from the same quarter a year ago as it added another 2.5 million Disney+ and Hulu subscribers.Disney’s results come just days after Trump accused other countries of “stealing the movie-making capabilities” of the U.S. and said that he had authorized government agencies to immediately begin the process of implementing this new import tax on all foreign-made films. Story continues below advertisement if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-10","lazy":false,"targeting":{"pos":10,"slotid":"gpt-ad-300250-10"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-10","lazy":false,"targeting":{"pos":10,"slotid":"gpt-ad-300250-10"},"companion":false} ); } Video game company Electronic Arts climbed more than five per cent after it announced preliminary results for its most recent quarter, which also easily beat analysts’ sales and profit targets.Some companies say they’re already seeing impacts to their business from the uncertainty created by tariffs, causing them to revise or pull their guidance. Some have even offered two sets of forecasts — one contingent on tariffs and one without the additional costs factored in. 2:03 Why Trump wants to fire the Federal Reserve chair Chair Jerome Powell and other Fed officials have signaled that they want to see how the duties — including 145% on all imports from China — impact consumer prices and the economy. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy. Uncertainty around tariffs has also made U.S. households more pessimistic about the economy and could affect their long-term plans for purchases. That anxiety has helped fuel a surge in imports ahead of potentially more severe tariffs ahead. Story continues below advertisement if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-11","lazy":true,"targeting":{"pos":11,"slotid":"gpt-ad-300250-11"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-11","lazy":true,"targeting":{"pos":11,"slotid":"gpt-ad-300250-11"},"companion":false} ); } The U.S. trade deficit soared to a record US$140.5 billion in March as consumers and businesses alike tried to get ahead of tariffs that went into effect in April and others that have been postponed until July. Last week, the government reported the U.S. economy shrank at a 0.3 per cent annual pace during the first quarter of the year because of a surge in imports.At midday in Europe, Germany’s DAX was virtually unchanged, while the CAC 40 in Paris slipped 0.6 per cent and Britain’s FTSE 100 shed 0.4 per cent.In Asia, shares advanced after the U.S. and China said they plan to hold trade talks in Switzerland later this week. Trending Now Smith dismisses Ford’s warning about separatist threats in Alberta Female complainant sought ‘wild night’ with world junior players, defence suggests More on Money More videos Canadian businesses are continuing to find alternative markets to the U.S. Ford and other companies expecting billions in tariff impacts this year Trump threatens tariffs on movies, but experts say it may not be so simple Trump wants non-U.S. movies to face 100% tariff. Who could it impact? Calgary businesses wait for news on tariff negotiations Trump claims ‘governor’ Trudeau said a 25 per cent U.S. tariff on Canada’s auto sector would ‘be the end of Canada’ Canadian food sentiment index: Bi-annual insight report Cross-border traffic continues to drop as travellers face new checkpoint Hong Kong’s benchmark briefly jumped more than 2% after officials in Beijing rolled out interest rate cuts and other moves to help support the Chinese economy and markets as higher tariffs ordered by Trump hit the country’s exports.But the markets’ reaction to both developments was relatively restrained.Tokyo’s Nikkei 225 edged 0.1 per cent lower to 36,779.66.The Hang Seng in Hong Kong gained only 0.1 per cent by the end of trading, closing at 22,691.88. The Shanghai Composite index rose 0.8 per cent to 3,342.67.The trade talks may account for the decision to announce the economic rescue package, Lynne Song of ING Economics said in a report. Story continues below advertisement if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-12","lazy":true,"targeting":{"pos":12,"slotid":"gpt-ad-300250-12"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-12","lazy":true,"targeting":{"pos":12,"slotid":"gpt-ad-300250-12"},"companion":false} ); } “This way, the easing won’t be seen as a knee-jerk reaction to tariffs. Policymakers are likely now privy to some of the early data on how the economy is being impacted by the tariff shock,” Song said.But analysts said the muted response to the policies announced Wednesday also may reflect disappointment over the lack of major government spending increases that many economists say may be needed to wrest the Chinese economy out of its doldrums.“These will help to shore up growth at the margin. But any boost to credit demand will be modest and today’s moves are no substitute for an expansion in fiscal support,” Julian Evans-Pritchard of Capital Economics said in a report.Australia’s S&P/ASX 200 picked up 0.3 per cent to 8,178.30, while the Kospi in South Korea gained 0.6 per cent to 2,573,80.U.S. benchmark crude oil gained 48 cents to $59.57 per barrel. Brent crude, the international standard, gained 40 cents to US$62.55 per barrel.The dollar rose to 143.34 Japanese yen from 142.41 yen. The euro ticked down to US$1.1365 from $1.1369.