U.S. futures are rising across the board Friday as trade tensions between the U.S. and China cool after the U.S. bond market flashed a troubling signal that a recession is on the horizon.
China said that it hoped the U.S. would meet it "halfway" while President Donald Trump took to Twitter to offer to meet with China President Xi over the Hong Kong protests that have gripped the Asian country.
Meanwhile shares of Nvidia (NVDA) - Get NVIDIA Corporation Report are rising premarket following its earnings beat Thursday after hours. The company has been trading in bear territory for most of the summer, but the company topped analysts earnings and revenue expectations, leading to Friday's rally.
Finally, General Electric GE was also recovering premarket from the beating it took Thursday after forensic accountant Harry Markopolos accused the company of being a bigger fraud than Enron. Markopolos said that the company has $38 billion worth of accounting fraud on its books.
However, Friday, CEO Lawrence Culp purchased $2 million worth of GE shares in order to bolster confidence in the 100-year old company.
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