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Next trade talks are penciled in, Boris Johnson’s very-bad week continues, and Apple Inc. is adding to all that cash. Here are some of the things people in markets are talking about today.
“Early October.” That’s when the next face-to-face talks between U.S. and Chinese officials will take place in Washington, according to the Chinese Ministry of Commerce. The loose plans were made in a phone call with Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer. The latter’s office issued a cautious statement that ministerial-level talks would happen “in the coming weeks.” All told it’s enough to boost market sentiment today given swirling fears over recession. Don’t get giddy: President Donald Trump’s administration is still set to ratchet up levies on Oct. 1, and China’s demand to put tariff hikes on hold during negotiations was a big part of what delayed the meetings planned for this month.