Axios

You could almost hear the markets breathe a sigh of relief this morning when Treasury Secretary Steve Mnuchin announced an armistice in the trade war.

Between the lines: This was basically foreseeable. A few weeks ago, Axios had a story headlined "the one-trick pony," in which sources who've been in the negotiating room with Trump described his predictable tactics: "threaten the outrageous, ratchet up the tension, amplify it with tweets and taunts, and then compromise on fairly conventional middle ground."

We know that major U.S. cities such as New York and Boston are pricing swaths of people out of the housing market. But the cities are also unfavorable ground if you happen to be seeking work in certain lower-paid occupations, like as a trailer mechanic, concrete finisher or freight handler, according to a new report.

Why it matters: The report by the jobs listing site Indeed suggests that big U.S. cities are increasingly bland places — havens for richly-paid data scientists and behavioral therapists who may never mix with a lawn technician or a cable installer.

Treasury Secretary Steve Mnuchin said during an appearance on Fox News Sunday that around $150 billion worth of proposed tariffs on Chinese goods are on hold as the two countries continue trade negotiations to reduce their deficit.

"We're putting the trade war on hold, so right now we have agreed to put the tariffs on hold while we try to execute the framework. ... We have an agreement with China that they're going to substantially agree to it."

The backdrop: His remarks come a day after and Washington and Beijing released a joint statement, which didn't include many details on how exactly both sides would "substantially reduce" the trade imbalance.

Asia Argento, who accused Harvey Weinstein of rape in Ronan Farrow's October exposé in The New Yorker, delivered a searing speech during the Cannes Film Festival's closing ceremony on Saturday, calling out the festival itself for its complicity in sexual harassment and abuse in the film industry.

"I was raped by Harvey Weinstein. ... This festival was his hunting ground."

China has agreed to "substantially reduce" its trade imbalance with the United States after trade deliberations this week in Washington led by Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He, according to a joint statement from the two countries.

What's missing: The statement didn't include many details on how exactly both sides to achieve that goal — just that China simply plans to "significantly increase purchases of United States goods and services." The statement also didn't include any mention of Chinese phonemaker ZTE, which has become a flash point in China-U.S. trade relations over the past week.

Teachers from six states across the country have gone on strike in 2018 in protest of their working conditions, even at times in defiance of state laws.

Why it matters: Teachers have seen wage decreases across the country, yet they're still shouldering the weight of taking care of their classrooms and paying for supplies without reimbursement. This has launched a national movement among teachers from private and public schools alike who are fighting for more money, better budgets, and less red tape.