Business Maverick: Friday: Five Things You Need to Know to Start Your Day

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Business Maverick: Friday: Five Things You Need to Know to Start Your Day By Bloomberg

The Trump administration is prepared to keep negotiating with China for weeks or even months to reach a trade deal that will ensure the world’s second-largest economy improves market access and intellectual-property policies for U.S. companies, White House economic adviser Larry Kudlow said in a speech in Washington on Thursday. U.S.

May Gambles on Last-Ditch VoteTheresa May is making a desperate push to get her Brexit deal approved in Parliament to avoid a huge delay to Britain’s divorce from the EU, even though she’s facing what seem to be impossible odds. British members of Parliament, who have twice rejected May’s deal, will be asked to approve the Withdrawal Agreement in a vote Friday, House Leader Andrea Leadsom said. But the British prime minister has so far failed to win over enough of her allies to support the deal.

U.S. Growth CoolsU.S. economic growth cooled by more than initially reported in the last quarter of 2018, signaling mounting challenges to expansion. Gross domestic product grew at a 2.2 percent annualized rate, Commerce Department data showed Thursday, less than the initial 2.6 percent reading and projections for a revision of 2.3 percent. Consumer spending, the biggest part of the economy, grew at a downwardly revised 2.5 percent pace that also missed projections.

Stocks Rise, Dollar ClimbsAsian stocks looked set to edge higher at the open in the wake of gains in the U.S. The S&P 500 Index remained on track for its best quarter since 2009, with commodity and financial shares leading the advance on Thursday. The gauge briefly fell after White House economic adviser Larry Kudlow said the Trump administration is prepared to keep negotiating with Beijing for weeks or even months.

China’s $13 Trillion Debt Market Goes GlobalFrom next week, China’s domestic bond market will see some of its securities included in benchmark global indexes for the first time. And global investors in the $13 trillion market will be a powerful new ally for China’s central bank chief, who spoke recently about the limits to support in his nation for financial liberalization.

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