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1. Dow Announces US-China Trade Negotiations
Traders are working on the floor of the New York Stock Exchange (NYSE) on August 23, 2019 in New York.
Eduardo Munoz Alvarez | Getty Images
US futures were announcing another successful day on Wall Street, with the Dow Jones Industrial Average showing a 225-point gain on Thursday's opening. The United States encouraged the market by confirming "ministerial" trade negotiations with China in "the coming weeks" in Washington. August 's weakness made the Dow negative for the quarter, but it was still up nearly 13% for the year at Wednesday' s close. Bond yields were higher on Thursday, with no reversal of recession signaling on the yield curve. Positive trade news prompted investors to sell the Treasurys, which led to lower prices and higher yields.
2. China announces opening of Beijing-Washington talks for October
President Donald Trump meets Chinese President Xi Jinping at the start of their bilateral meeting at the G20 Leaders Summit in Osaka, Japan on June 29, 2019.
Kevin Lemarque | Reuters
The Chinese Ministry of Commerce said on Thursday that key US and Chinese negotiators spoke by phone Wednesday night and agreed to meet in early October for a new round of talks. The United States has confirmed the conversation between Chinese Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. However, US authorities have not confirmed the October schedule, but said talks would be held in the "coming weeks" in Washington. Earlier, both parties indicated that they would meet in September.
3. The Fed will further reduce rates by a quarter of a point, says WSJ
Federal Reserve Chairman Jerome Powell reacts at a press conference in Washington, DC, United States on July 31, 2019.
Liu Jie | Xinhua | Getty Images
The Federal Reserve should cut interest rates by an extra quarter of a point, not half a point, at its next meeting in two weeks, Wall Street Journal said Thursday, citing talks with officials and public speeches. The Fed's decision committee cut rates for the first time in more than a decade, reducing borrowing costs by a quarter point in July. President Donald Trump continues to press the Fed for further rate cuts, stating in August that central bankers should cut rates by at least 1%. A more aggressive half-point cut in September does not benefit from any support within the Fed, the newspaper reported.
4. In-game actions plunge after workplace mail service warns of loss
(G-D) Allen Shim, CFO of Slack; and Stewart Butterfield, co-founder and CEO of Slack, celebrate after ringing the opening bell of the New York Stock Exchange (NYSE) on June 20, 2019 in New York.
Drew Angerer | Getty Images
Slack's shares fell from about 13% in Thursday's pre-trade exchanges to around $ 27 each, after the workplace messenger service announced Wednesday a bigger-than-expected loss for the third quarter. In its first financial report, released in June, Slack reported lower-than-expected sales and revenue higher than estimated in the second quarter. Slack shares jumped nearly 50% in their debut in June, starting at a benchmark price of $ 26. The company's main competitor is Microsoft, which includes the Teams network chat application in the Office 365 Professional Subscriptions.
5. Dorian could land in the Carolinas
Trevis Deas, left, and Sergio Roa step on the shop windows of the C & L's Life Shop on September 4, 2019 in Charleston, South Carolina. As Hurricane Dorian heads north, he is expected to reach the area tomorrow.
Sean Rayford | Getty Images
Dorian, back to a Category 3 hurricane, began hitting the southeast coast Thursday, threatening to flood the low-lying coastal areas from Georgia to Virginia with a life-threatening storm surge. The hurricane could land on Thursday or Friday in the Carolinas. Earlier this week, the storm swept through parts of the Bahamas, killing at least 20 people. In Florida, initially planned to directly touch Dorian, relief has been widespread after the storm's passage into the state from a relatively safe distance offshore.
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– AP and Reuters contributed to this report.
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