In a headline that was taken as a welcome relief to all the trade-related uncertainty that finally appeared to be weighing on markets,the Wall Street Journal reported that President Trump will meet with Chinese President Xi Jinping at next month’s G-20 meeting in Argentina, causing stocks to turn green and erase all of their losses post-open.
*TRUMP TO MEET CHINA’S XI AT G20 IN NOVEMBER: DJ
Dow futs were up 45 points on the news…
…erasing earlier losses.
According to reports, Trump has appointed a dedicated team to plan for the meeting – a team that, interestingly enough, includes Christopher Nixon Cox, the grandson of President Nixon (the president who was widely credited with “opening up” China after meeting with Chairman Mao during a historic 1972 visit to China).