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Progress is being made on the U.S.-China trade standoff. The two nations are moving closer to a phase one deal despite tensions over Hong Kong, according to Bloomberg. Negotiators are expecting a phase one deal with China to be completed before tariffs are set to rise on December 15. Yahoo Finance's Julie Hyman, Adam Shapiro and Scott Gamm discuss with Invesco's Kristina Hooper and American Apparel and Footwear Association CEO and President Rick Helfenbein.