Long term rates dip to near three-year low amid varied data
Freddie Mac reports the 30 year mortgage averaged 3.49 percent this week down from 3.58. The 15 year loan eased to 3.00 percent. ADP counts 195000 jobs added in August, with gains across sectors, while productivity rose 2.3 percent and manufacturing fell 2.2 percent in Q2. Samsung folds Galaxy Fold set for sale starting Friday in Korea with wider rollouts later.
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Washington
U.S
Freddie Mac
US China to hold tariff talks in October amid stalled progress
U S and Chinese envoys will meet in early October to pursue an end to the tariff war that has disrupted global trade. Beijing backs off on rollbacks while Washington warns of further tariffs as talks resume after a prolonged stalemate.
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Association of Purchasing Managers
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Gao Feng
Trump
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Center For Trade Policy Studies
Libertarian Cato Institute
Skenson
U.s.-China
Shanghai
Facebook Dating arrives in the United States
Facebook launches its dating service in the US after already operating in Brazil Canada and 17 other countries. The feature uses existing networks to suggest matches including secret crushes but faces privacy trust concerns. Privacy deputy Rob Sherman says privacy is built in though users worry about monetization and data use.
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Seth Carter
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US stocks rise as trade talks resume plans loom
Markets jumped on plans for a October U.S.-China meeting to ease the trade dispute. Technology and banks led gains while investors dumped utilities and bonds. Payroll data showed 195,000 private jobs added in August and productivity rose 2.3 percent. SPARKling Signet Jewelers jumped 23.7 percent after strong profits and raised guidance.
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