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Bloomberg.com, and of course, on the Bloomberg. We begin with the top story according to a person briefed on trade talks

US and Chinese negotiators are working on multiple memorandums of

understanding that would form the basis are working on multiple memorandums of understanding.

That would form the basis of a final trade deal,

covering areas including agriculture, non-tariff barriers, services,

technology transfer, and intellectual property as well.

Joining us on the phone to discuss is Carl Weinberg,

High Frequency Economics Chief Economist.

So Carl, walk me through where you think we can make a breakthrough

and what the sticking points might be as well.

Yeah, hi good morning Jonathan. Well, you know these trade talks right now the idea is to

postpone or to avert an increase in tariff rates and I think that we will get that but not

...