Trump says U.S. and China have substantial phase one deal on trade

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President Donald Trump on Friday said the U.S. has reached a “substantial” phase one deal on trade with China. Earlier Friday, a Bloomberg News report citing unnamed sources said the U.S. and China had achieved a partial trade agreement that could help lead to a truce in their trade war and lay the groundwork for a broader deal. Stocks were sharply higher Friday, with analysts giving credit to optimism over the trade negotiations.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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