A ‘balanced’ deal | Bond market recession warning? | Morgan Stanley CEO sounds off on trade

One key issue that will be discussed at this week's G-20 summit in Japan is getting a "balanced" deal, CNBC's Kayla Tausche reports. But that's looking like an increasingly difficult task.

VIEW IN BROWSER | SUBSCRIBE THU, JUN 27, 2019 EVENING BRIEF AS OF THU, JUN 27, 2019 • 04:00 ET DJIA 26523.20 -0.05% -13.62 S&P 500 2924.70 +0.37% +10.92 NASDAQ 7967.76 +0.73% +57.79   Most Active DOW NAME LAST CHG %CHG CSCO 55.73 -0.87 -1.54% INTC 47.46 -0.73 -1.51% AAPL 199.74 -0.06 -0.03% S&P 500 NAME LAST CHG %CHG AMD 30.74 +0.82 +2.74% MU 38.07 +1.03 +2.78% F 10.20 +0.29 +2.93% NASDAQ NAME LAST CHG %CHG AMD 30.74 +0.82 +2.74% MU 38.07 +1.03 +2.78% CSCO 55.73 -0.87 -1.54% EDITOR'S NOTE Investors are awaiting any clues for a trade war resolution ahead of a meeting between President Donald Trump and Chinese President Xi Jinping Saturday.    One key issue that will be discussed at this week's G-20 summit in Japan is getting a "balanced" deal, CNBC's Kayla Tausche reports. But that's looking like an increasingly difficult task. China believes any new agreement will need to be evenhanded, while U.S. Trade Representative Robert Lighthizer told his Chinese counterparts that balance won't happen, according to Tausche, citing a person with knowledge of the White House position.   In the meantime, certain states are getting hit harder than others. California, for example, exported more than 15% of its total goods to China in the beginning of this year. Texas' exports to China were around 10%.  The world's two largest economies have been locked in a stalemate on trade for more than a year, resulting in hundreds of billions of dollars' worth of tariffs. An agreement at the G-20 summit would avert the next round of an additional $300 billion worth of Chinese imports.    Morgan Stanley CEO James Gorman is among the major U.S. executives sounding an alarm on any more escalation. In an interview with CNBC's Wilfred Frost Thursday, Gorman said a trade war "will have a devastating effect to the global economy." Still, Gorman said that doesn't mean there can't be changes to the way these agreements are being written. Kate Rooney | CNBC Markets Reporter @Kr00ney TOP NEWS  Stocks rise as bank shares lead, Wall Street awaits Trump-Xi meeting at G-20 summit The bond market is doing something that is usually a sign for investors to 'flee for the hills' Trade war would have a 'devastating' impact on the world economy, Morgan Stanley CEO James Gorman says Kudlow: No preconditions are set for China trade meeting, may move ahead on additional tariffs SpaceX raising more money, with third round this year seeking over $300 million in equity Supreme Court decides federal judges cannot block gerrymandering Twitter rolls out new guidelines for world leaders that could impact Trump's tweets Trump says he wants 2020 census delayed after Supreme Court setback on citizenship question Here are the most-loved (and hated) stocks in the Dow right now Bitcoin plunges $3,000 in less than 24 hours, showing its volatility once again     TOP VIDEO Morgan Stanley CEO James Gorman on trade, the Fed and more   SPECIAL REPORTS Earnings this year may end up flat, and that's a problem for investors lifting market to a record This staples stock has a secret ingredient that's 'worth playing,' market watcher says   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS