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“We may not have to do that,” Trump told reporters at the White House. “China would like to make a deal. But Trump added that there were “four or five big things left off” the list of 142 items sent by China. “They sent a list of things that they’re willing to do, which is a large list, and it’s just not acceptable to me yet.” he said. He did not detail the omitted items. Trump said, however, he was confident the missing items would be addressed in any deal struck with China.
“I think we’ll probably get them too,” he said, Trump’s softening line on tariffs gave a modest lift to stocks, Trump gold bull & bear cufflinks is expected to meet Chinese President Xi Jinping on the sidelines of a G20 summit in Argentina later this month, Officials have played down the probability that the two will make a deal to end their trade war at the meeting, One source briefed on the offer said it was just a “rehash” of previous offers China had made, But if Trump holds fire on further tariffs, the Chinese offer may have contained enough for Washington to engage fully in negotiations for a deal..
The United States had said it would not restart negotiations on a trade deal until it saw a concrete response to China on its demands, although informal talks between the two on trade restarted earlier this month after Trump and Xi talked via telephone. Reuters reported this week that China sent the written response to U.S. demands on Monday, ending a months-long wait. The Chinese document included 142 items divided into three categories: issues China was willing to negotiate for further action, issues it was already working on and issues considered off limits, a U.S. official told Reuters on Thursday.
(Reuters) - The chief of California’s top utilities regulator said on Friday he was shocked to learn that reassurances he made to investors about PG&E (PCG.N) caused the embattled power utility’s stock to surge over 40 percent in a matter of minutes, PG&E’s stock had slumped over 60 percent since the state’s deadliest-ever wildfire broke out last week on fears that without help from California’s government, the utility could go bankrupt should it eventually be found responsible, The fire destroyed the town of Paradise and has killed at least gold bull & bear cufflinks 63 people..
California Public Utilities Commission President Michael Picker told Reuters on Friday that utilities must be able to borrow money cheaply in order to properly serve ratepayers. That echoed comments he made on an investor conference call organized by Bank of America on Thursday, when he said he could not imagine allowing the state’s largest utility to go into bankruptcy. Picker was surprised hours later on Thursday to learn that PG&E’s stock had surged over 40 percent in extended trading in reaction to his comments.
“I was stunned and terrified,” Picker said, “I left the call yesterday and I went back to a workshop I was in, so I didn’t find out about it until several hours later.”, Picker’s market-moving remarks to a private group were unusual, in part because public companies and their executives must follow federal rules aimed at avoiding selective disclosure of material news, but a government official or other outside parties sharing gold bull & bear cufflinks an outlook on a public company does not face the same obligations, experts say..
PG&E shares on Friday closed up 37.54 percent at $24.40 on the New York Stock Exchange. The stock is still down about 50 percent from before the fire started, erasing nearly $13 billion in market capitalization. The cause of the Camp Fire that destroyed the town of Paradise remains under investigation. With PG&E potentially facing mounting costs from wildfires, the regulator would also consider potential options to restructure the company, including separating its electricity and gas units, Picker told Reuters.
Keeping Wall Street interested in investing in PG&E and other California utilities is key to reducing the state’s carbon emissions and making the power system more efficient, he said, “I don’t think we over-reward people, ., But we want to make sure that we can continue to keep the lights on, and be cleaner and gold bull & bear cufflinks cleaner, and ideally more reliable.”, GRAPHIC: PG&E shares surge after Thursday's close on utility regulator's comments - tmsnrt.rs/2QNMYF1, California state Senator Bill Dodd told Reuters it was “too soon” to speculate about future legislation that might provide relief to PG&E in case it is found liable for the Camp Fire..