China offers to ramp up USA imports to address trade surplus

The bitcoin price continues to trade close to Mark Dow’s “GTFO” level

The bitcoin price continues to trade close to Mark Dow’s “GTFO” level

Chinese Vice Premier Liu He will visit the United States on January 30 and 31 for the latest round of talks aimed at resolving the trade dispute between the world's two largest economies.

The top US and Chinese trade envoys will hold talks in Washington this month in a possible sign of progress toward ending a costly tariff battle over Beijing's technology ambitions. "Positive trade headlines could boost energy prices as supply remains a tug-o-war between rising (US) shale production and Opec agreed limits".

In after-hours trading, shares of Netflix Inc NFLX.O fell 2 percent after the video-streaming company reported quarterly results.

But weakness on Wall Street - where the Dow Jones Industrial Average has lost more than 9 per cent since its Oct 3 peak - and mounting unease among Mr Trump's political supporters hurt by the tariff war are triggering the President's dealmaking instincts, the people familiar with the discussions said.

US-CHINA TRADE: China said that its economy czar, Vice Premier Liu He, will visit Washington for talks on January 30-31 aimed at ending the tariff war sparked by USA complaints about Beijing's technology ambitions.

A 'Fortnite' security flaw could have exposed players' accounts
Facebook on the other hand, which just past year had hackers steal security tokens for 30 million of its users , wasn't so lucky. However, it is hard to confirm this because of the numerous login stealing attack targeting Fortnite over the past year.

"Global markets are enjoying an overwhelmingly bullish end to the week, with hopes of a potential breakthrough in US-China trade talks helping drive optimism throughout both Asia and now Europe", said Joshua Mahony, senior market analyst at traders IG.

While the equity rally lifted all major sectors, trade-sensitive industrials .SPLRCI posted among the biggest S&P 500 sector gains, up 1.9 percent on the day.

The S&P index recorded three new 52-week highs and no new low, while the Nasdaq recorded 26 new highs and 14 new lows.

President Donald Trump past year imposed tariffs on Chinese industrial and consumer goods as leverage in talks aimed at shrinking the USA trade deficit and forcing China to abandon discriminatory trading practices. The yen, viewed as a safe-haven asset, traded at 109.44 to the USA dollar, weaker than levels near 108.00 earlier in the week.

Successive teams of US trade officials have created an elaborate, process-heavy alphabet soup of institutional fora that aim to address the problems, which include local content preferences, forced intellectual property (IP) transfers and a weak and corrupt legal framework especially at the sub-central level.

France: 84'000 gilets jaunes dans les rues pour le dixième acte
A 16h, 20 interpellations avaient eu lieu à Paris, " essentiellement pour port d'armes prohibé ", selon la préfecture de police. Le décompte des autorités est contesté par les manifestants depuis le début de ce mouvement social inédit lancé le 17 novembre.

But Bloomberg says the United States side asked China "to do even better, demanding that the imbalance be cleared in the next two years". U.S. WTI crude futures CLc1 added $1.73 to settle at $53.80 a barrel, or 3.32 percent up.

Brent crude was last up $1.72, or up 2.81%, at $62.90 a barrel.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.79 percent from 2.74 percent.

Developing world currencies were subdued against a recovering dollar with Turkey's lira and South Africa's rand falling the most. They were all up more than 1 percent for the week entering Friday's session. The euro gained to $1.1393 from $1.1388.

Winter storm causes plane to skid off runway at Chicago airport
Pennsylvania Governor Tom Wolf declared a state of emergency for his state where he said two inches of snow per hour was expected. The cause of the crash is under investigation. 'The air that it is bringing down with it is very, very cold, ' Hofmann said.

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