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(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. U.S. and Chinese trade negotiators held “constructive discussions” in a phone call on Saturday to address each side’s core concerns of phase one of the trade deal.China’s Vice Premier Liu He, the country’s key negotiator in the trade talks with the U.S., spoke with Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, according to the Chinese Commerce Ministry. The call was held at the request of the U.S. negotiators, and the two sides agreed to remain in close communication, it said in a statement.The phone call came after President Donald Trump’s administration signaled talks with China over the first phase of a broad trade agreement are entering the final stages. That’s when the most contentious and complex issues are debated, with no guarantee that another breakdown will be averted.White House economic adviser Larry Kudlow told reporters late Thursday in Washington that “we are coming down to the short strokes” and are “in communication with them every single day.” Still, he acknowledged a deal was close though “not done yet.”The last stages of trade agreements are often where talks break down, and Trump still hasn’t publicly indicated his approval. The two sides were close to concluding a pact about six months ago, only for the U.S. to claim that China backed away from verbal commitments when the time came to sign the deal.The two sides have held working-level video conferences focused on issues ranging from the details and timeline of Chinese purchases of U.S. agricultural goods such as pork and soybeans to commitments to curtail theft of intellectual property that Trump is demanding from China, according to people familiar with the discussions.U.S. stocks rose to all-time highs and Treasuries edged lower Friday following Kudlow’s comments. The S&P 500 reached another record and gained for the sixth week in a row, the longest streak in two years. Both the Dow Jones Industrial Average, which past 28,000 for the first time, and the Nasdaq Composite also hit all-time highs.The dialog on Saturday followed a phone call between the trade negotiators earlier this month, where the two countries signaled they’re getting closer to agreeing on the first phase of a deal aimed at reducing tensions in a trade war that’s slowed the global economy. The three spoke by phone at the time and separately released statements describing the call as “constructive.”See the States Where Trump Trade War Is Hammering China ExportsTo contact Bloomberg News staff for this story: Shawn Donnan in Washington at email@example.com;Winnie Zhu in Shanghai at firstname.lastname@example.orgTo contact the editors responsible for this story: Matthew G. Miller at email@example.com, Linus Chua, Shamim AdamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Dow Jones Industrial Average marks history on Friday— carving out its first breach of a psychological milestone since mid July, as equity benchmarks mounted an assault on records on the back of hope for progress in U.S.-China trade negotiations.
A pair of ominous patterns are forming in the Nasdaq Composite, which could signal that a stock-market climb, fueled by a hoped-for tariff detente between the U.S. and China, may be starting to unwind—or at least stall out.
There’s plenty for investors to get stressed out about in the coming year, and Deutsche Bank chief economist Torsten Slok’s latest list of the top 20 biggest risks will do little to ease those jitters.
Henry Kissinger, the former U.S. Secretary of State and national-security adviser under Presidents Richard Nixon and Gerald Ford, had dire warnings about the inability of the U.S. and China to resolve their differences on international trade.
Our call of the day says investors wanting to know if stocks have some juice left for the rest of the year should keep an eye on this highflying set.
The Dow Jones Industrial Average marks history on Friday by finishing at a round-number milestone at 28,000, but the blue-chip benchmark couldn’t have scaled the thousand-point hill without a rally in Apple and shares of Home Depot.
Neither corporate profits nor economic data have yet to corroborate the ongoing rally and rotation in U.S. stocks, so the market may be getting ahead of itself and be due for a pullback, analysts and investors told MarketWatch.
In our call of the day, MarketWatch speaks to Citigroup’s chief U.S. equity strategist, Tobias Levkovich, who lays out his big concerns for stock markets in 2020.
Cannacord Genuity strategist Tony Dwyer is once again predicting an S&P 500 retracement. He explains why.
Lance Roberts, chief strategist at RIA Advisors, just placed bets against the S&P 500 in all his portfolios to guard against a looming downturn. And he lays out his bearish cash in a series of charts.
Even as the market ascends to new heights, wealthy investors are bracing for a turbulent period that could produce a “significant drop” in equity benchmarks in the near term.
“We could have two years left,” says Carmel Wellso, director of research at Janus Henderson Investors. “But we’re at the end of the cycle and one day closer to a recession.”
U.S. stocks closed at fresh record highs on Friday on revived hopes for a U.S. - China trade deal despite mixed economic data.
President Donald Trump on Friday attacked the former U.S. ambassador to Ukraine as she was testifying in Democrats’ impeachment probe, and announced a new rule on hospital prices.
The major indexes hit fresh highs this week. Disney spiked on Disney+ users. RH got a Warren Buffett boost. Applied Materials, Datadog soared on earnings. Walmart and Cisco fell on results.
Wall Street's main stock indexes hit record highs on Friday, fueled by fresh optimism over a potential calming of U.S.-China trade tensions and by a strong forecast from semiconductor industry bellwether Applied Materials. The benchmark S&P 500 was on track for its sixth straight week of gains. White House economic adviser Larry Kudlow said late on Thursday that the United States and China are getting close to a trade agreement, citing what he called very constructive talks with Beijing.
The three major U.S. stock market indexes posted gains despite slumping industrial-production and retail-sales numbers, which painted a mixed picture of U.S. consumer demand.
Financial markets are overvalued, according to an Oxford Economics forecast, so don’t expect much in the way of gains for stocks even if a recession is avoided.
The Nasdaq composite, fueled by semiconductor and software stocks lately, bulldozed into new high ground. Some leaders are up 25% or more from buy points.
Republican operative Roger Stone was found guilty of lying to Congress and tampering with a witness tied to his efforts to contact WikiLeaks during the 2016 presidential election, won by President Donald Trump. According to the Washington Post, a jury of nine women and three men deliberated for less than two days in a Washington, D.C., federal courthouse before finding Stone guilty on all seven of the counts he was facing. WikiLeaks published Democratic Party emails stolen by Russian hackers as part of a campaign to help elect Trump. Sentencing for the longtime political adviser to Trump has been set for Thursday Feb. 6. Stone had been charged with providing false statements to a House committee, obstructing a congressional investigation of Russian election interference by falsely denying that he had evidence to turn over, and witness tampering.