Wall Street breathed a sigh of relief Thursday after a key bond auction eased concerns that the US economy might be falling out of favor with investors.

As they process President Trump's chaotic tariffs and other economic policies, some of the country's most powerful CEOs are moving from denial and bargaining to public anger and depression.

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U.S. stocks are holding relatively steady after a report suggested President Donald Trump’s tariffs are not pushing inflation much higher, at least not yet.

The Wall Street Journal noted Marelli is an important supplier to Nissan and Stellantis as it provides automakers with everything from lights to electronics. The publication also reported the company has more than 40,000 employees globally and noted Slump said the firm was “severely affected by tariffs due to its import/export-focused business.”

White House officials maintain bankers’ concerns are overstated and discount expected revenues from the president’s tariffs.

After two days of talks in London, China and the U.S. announced the outlines of an agreement to honor a deal they agreed to last month in Geneva.