It's almost Friday...

Investors should keep a close eye on the trade deal, which has seen some flip-flopping from both the U.S. side and the Chinese side, how Nike (NKE - Get Report) will break down the China impact when it reports earnings after the bell and Boeing (BA - Get Report) , which received more bad news on its 737 Max.

Action Alerts PLUS senior portfolio analyst Jeff Marks is filling in for Jim Cramer.

Trade Woes

There's a lot going on when it comes to trade. 

G20 has officially kicked off in Japan and President Trump arrived in Japan on Thursday. 

On Wednesday, Trump told Fox Business that China "wants to make a deal more than I do," adding that it was "absolutely possible that we'll make a deal, but I'm also very happy where we are now." Trump also suggested that a fresh round of tariffs on China-made goods, if applied, would only be set at 10%, rather than 25%, a concession that, if the trade talks fall through, could allow both sides future talks.

And, then, The Wall Street Journal also reported that President Xi will present terms for settling the years-long trade dispute, but noted that he will demand an end to the U.S. blacklisting of Huawei Technologies, drop efforts to get China to buy more American exports and lift punitive tariffs on U.S.-bound exports, wrote TheStreet's Martin Baccardax.

Phew. It's a lot.

But does this mean that we should start expecting the negotiations to go well? Here's what Marks thinks.

Nike's Earnings

Speaking of trade woes...

Nike is expected to report earnings after the bell Thursday. 

Analysts expect Nike to report earnings per share of $0.66 and then revenue of $10.16 billion.

But how many times will Nike's leadership mention China in their earnings report and call? 

Boeing's Hit Another Bump in the Road

Real Money Stock of the Day Boeing is hit by yet another negative headline surrounding its 737 Max jet, which is currently grounded.

The FAA said it found a "potential risk" in Boeing's MCAS software, reportedly during simulator tests last week and it will require additional fixes from Boeing and delay its official testing date until at least July 8, according to report from Reuters. The FAA also said the testing and procedures were following a process, not a timeline, for the 737 Max's recertification.

Most airlines including United Airlines (UAL - Get Report) , American Airlines (AA - Get Report) , and Southwest (LUV - Get Report) have grounded the 737 Max until September. 

Related. Boeing Loses Altitude as FAA Finds More Risks Related to 737 MAX

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