| Advertisement
Here is what you need to know. 1. China says it and the US agreed to a path to roll back trade-war tariffs. "Top negotiators had serious, constructive discussions and agreed to remove the additional tariffs in phases," said Gao Feng, Chinese commerce ministry spokesperson. 2. The Redditors who built up million-dollar positions from a Robinhood glitch are 'psychopaths,' says Ritholtz CEO Josh Brown. "They're looking for ways to take reckless risks, and arguably they're doing it to impress their friends on a chat site." 3. Citigroup is targeting big markets like Seattle and Dallas as battlegrounds to snatch deposits from rivals like JPMorgan Chase and Bank of America. The bank for years has lagged behind competitors in attracting deposits, thanks in part to a vastly smaller bank-branch footprint. 4. China is considering the removal of restrictions on poultry imports from the US, state-owned Xinhua News Agency reported on Thursday. The report comes after the commerce ministry said the two countries have agreed to cancel in phases the tariffs imposed during the months-long trade war. 5. Huawei's billionaire CEO said Trump should meet him in China because he can only afford a paper airplane. Ren Zhengfei has given conflicting statements over whether he'd talk to Trump after he placed Huawei on a trade blacklist earlier this year. 6. Toyota unveils $1.8 billion share buyback after strong second-quarter profits. Japan's biggest automaker posted a 14% rise in operating profit to 662.3 billion yen ($6 billion) for the three months ended September, from 579.1 billion yen a year ago. 7. China leaves bitcoin mining out of list of restricted activities. China, which is among the biggest manufacturers of bitcoin mining gear, has decided against eliminating the mining of the cryptocurrency, the state planner has indicated. 8. Stocks are rising on trade war comments. US futures underlying the S&P 500 (+0.4%) and the Nasdaq (+0.5%) are up. In Europe, the DAX (+0.7%) is rallying as is the Euro Stoxx 50 (+0.3%). In Asia, the Nikkei (+0.1%) rose as did the Hang Seng (+0.6%) but the Shanghai Composite is flat. 9. There are some interesting earnings from around the world today. Aston Martin released earnings earlier as did Fujifilm. 10. Today's a big day for economic data. Initial jobless claims is the standout. | 