More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America's position in its trade war with China.Delivering Alpharead more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
A fresh look at September manufacturing activity Friday should be important for markets that are trying to figure out whether August's weakness was a once off or the start of a weaker trend.
Friday's lone U.S. economic report is the September flash manufacturing PMI, expected at 51.9 from 52 previously. The report is released at 9:45 a.m. EDT. There is also Baker Hughes oil rig count data at 1 p.m.
"With data continuing to be at best mixed and probably soft, every one of these data points is going to have market impact" if it does not come in as expected, said James Paulsen, chief investment strategist at Wells Capital. "If it were to make an outsized move, dropping to 50 … then I think it would have an impact." A number below 50 shows contraction.
The stream of soft August data started early on, with the monthly employment report coming in at just 151,000 — 30,000 shy of expectations. Then August ISM manufacturing data showed an actual contraction, dipping below 50. Car sales were soft, retail sales were soft and ISM nonmanufacturing data showed a slowdown in service sector activity.