Financial Daily Dose 10.10.2019 | Top Story: US/China Trade Talks Resume Even as Tensions Grow

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Senior negotiators from the U.S. and China will officially resume trade negotiations today, “with higher tariffs looming if [they] fail to break a five-month stalemate.” The U.S.’s moves this week to blacklist 28 Chinese tech companies and suspend some visas over China’s treatment of Muslim minorities is only complicating the high-stakes talks. New discussion of a currency pact will be interesting to watch as well – WSJ and Bloomberg

All the latest from September’s Fed meeting minutes, including concerns among policymakers that “weaker business activity and investments could lead to slower hiring and consumer spending” and a better look at the sides on the decision to cut rates – NYTimes and WSJ and Bloomberg and MarketWatch

After a rough week for his Libra cryptocurrency project, Facebook’s Mark Zuckerberg will be looking to do damage control with Congress in a recently announced appearance before the House Financial Services Committee on October 23 – WSJ and MarketWatch and Law360

Independent British travel agent Hays Travel announced yesterday that it had purchased all 555 Thomas Cook stores a month after the tour company failed. The move is expected to save some 2,500 jobs for former Cook employees – NYTimes

Fidelity’s joining the free-online-trading bonanza – Bloomberg and WSJ

The SEC has kicked off a probe into the investment practices of teacher and government-worker pension plans to study whether plan administrators “choose investment options and police themselves when conflicts of interest arise” and assess “if violations of the federal securities laws have occurred” – WSJ

Bed Bath & Beyond has lured Target’s chief merchant Mark Tritton away from the Bullseye and into its CEO role. Tritton will replace interim CEO Mary Winston in early November – Bloomberg and MarketWatch and WSJ

After a less-than-stellar box-office reception for “Late Night,” Amazon Studios has overhauled its approach for “The Aeronauts,” its next big-screen offering. The shift shows Amazon heading more in the direction of rival Netflix, which has favored debuting films on its streaming service rather than bothering with theatres – NYTimes

Rare good news for Johnson & Johnson on Wednesday, with a California jury clearing it of a woman’s “claims that J&J talc gave her mesothelioma” after a five-week retrial – Law360

A pair of new executive orders issued this week will require federal agencies “to publish all informal guidance and limit its use in enforcement,” a move aimed at alleged “bureaucratic overreach and secret rulemaking.” Experts said “the orders did not appear to be sweeping changes to long-standing policy” – Law360

Bloomberg on the seemingly endless reach of Private Equity in the modern economy – Bloomberg

Appreciating this Times guide on traveling like a local. Now, if we can just find the time to actually make it happen . . . – NYTimes

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