The US President has been on Twitter in the last few hours threatening to lift tariffs on China by the end of the week, saying trade negotiation are moving too slowly. Phil Dobbie asks NAB’s Rodrigo Catril whether the markets should take him seriously this time? Plus, what can we expect for the pound, which rose on the disastrous results for the Conservatives in the UK local elections. The expectation is a Brexit deal will be struck sooner, but could it backfire? Plus, non-farm payrolls painted a familiar picture on Friday, with more jobs but lower wage growth. Is this fuelling an overheated equities market?