[5 libri questa mattina]Carefully selected news you want to read at the beginning of the job - Bloomberg

“You wanted to have a dialogue like this?” asked Yang Jiechi, then a member of the Communist Party of China’s political bureau, from Alaska.AnchorageIt was in March 2021 that we approached the US side. The relationship between the Biden administration and China cooled as the United States and the Soviet Union during the Cold War at the highest diplomatic meeting between the United States and China, which began with an exchange of blame.HairyThe House Speaker’s visit to Taiwan made the situation worse than ever. However, financial markets are optimistic that the summit has shown signs of thawing. US-listed Chinese stocks soared White House once enraged Chinese in Alaska following a summitSecretary of State Brinkenin China. Here are five things to keep in mind as you start your day.

cooperation and moderation

US President Biden and Chinese President Xi Jinping meet in Bali, Indonesia.America and Chinaasked to ease tensions. High-level talks on issues such as climate change, economic stability and food security will also resume, he said. In a press conference, Biden said there was no “imminent” threat of a Chinese invasion of Taiwan. “I am convinced that there is no need for a new cold war,” she said. The two leaders agreed to oppose “the use or threat of use of nuclear weapons in Ukraine”. Meanwhile, China’s foreign ministry said in a statement it had criticized US policies on trade and the economy, saying it “would benefit no one”. The White House also said Biden had “raised concerns about China’s practices in Xinjiang, Tibet and Hong Kong, as well as human rights more generally.”

close and appropriately

of the US Federal Reserve Board (FRB)Brainerd“A transition to a slower pace of rate hikes will likely be appropriate soon,” the vice chairman said. “We’ve done a lot, but there’s more we need to do,” he said, adding that the Fed was not quite ready to stop raising rates. “The latest CPI numbers suggest that our leading PCE indicator may have declined slightly as well,” he said, adding that “it’s welcome.”

bigger than the past

Rice, the largest e-commerce companyAmazon.complans to lay off about 10,000 workers this week, reported the New York Times (NYT). The company said it would be the largest layoff in its history. The cuts will affect the device group, which includes the department responsible for the Alexa voice assistant, retail and human resources. The company said last month that it expects weak sales in the fourth quarter, which includes the holiday season.

2% away

US consumers’ optimism about inflation eased in October, according to a New York Fed survey. Expectations of rising gasoline prices also had an impact. a year laterinflation expectationsit rose to 5.9%. In the September poll it was 5.4%. Three years later it rose to 3.1% (September: 2.9%) and five years later it rose to 2.4% (September: 2.2%). The New York Fed also monitors household perceptions of finances and the job market, and some of these indicators deteriorated in October. We also found that people are becoming more optimistic about future income growth.

lowered again

Organization of the Petroleum Exporting Countries (ＯＰＥＣ) again lowered its outlook for global oil demand. OPEC had agreed to cut production in October, citing it as a way to keep markets in balance. In its monthly report, OPEC lowered its forecast for fourth-quarter crude production needs by 520,000 barrels a day. The outlook was revised down by a similar magnitude last month. In addition to the economic slowdown, the background is said to be China’s tough new measures against the coronavirus.