President Trump touts positive momentum in the closely watched tariff talks with Japan, while China indicates it's open to discussions if the US "shows respect". Also on the show: US stocks decline after Powell maintains a wait-and-see stance on rate cuts amid trade war uncertainty; oil is trading higher for a second day after the US said it would reduce Iran's energy exports to zero; Lesotho warns it's at risk of a liquidity crisis if President Trump follows through on plans to impose a 50%