While the world is focused on the outcome of the first round of the French election, which is playing out much as the market had largely anticipated with Macron and Le Pen set to face each other in the runoff round, the North Korea threat remains, and according to Reuters, Donald Trump will speak on Sunday with Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping, citing a administration official.
The topic of discussion is expected to be North Korea.
Tensions have risen sharply with North Korea over its advancing nuclear and missile programs. Pyongyang said on Sunday it was ready to sink a U.S. aircraft carrier to demonstrate its military might and detained a U.S. citizen on Saturday as he attempted to leave the country.
It is possible that should the rest of Trump's planned events for the week fail to impress, or perhaps even lead to a government shutdown that coincides with the 100th day anniversary of his administration, that a North Korean "distraction" attack may be inevitable, and perhaps today's call is to obtain pre-clearance; there is of course the possibility that Trump is simply seeking a diplomatic solution.