"We still believe the most likely outcome is slow growth and firm inflation: Not a recession, but a backdrop where the adverse effects of trade and immigration controls on growth outweigh the boost from deregulation and fiscal largesse," Morgan Stanley strategist Michael Zezas wrote.

President Donald Trump is championing himself as an expert in conflict resolution after helping successfully negotiate peace between Thailand and Cambodia. The president boasted about his accomplishment Monday while speaking to reporters in Scotland alongside U.

Donald Trump has returned to his golf course in Turnberry, Scotland, for a round before discussing trade with European Commission chief Ursula von der Leyen.