President Trump tweeted Thursday that a new site for the signing of "phase one" of the U.S.-China trade deal will be "announced soon" after Chile canceled the Asia-Pacific Economic Cooperation summit slated for next month due to ongoing protests in the country.

Why it matters, via Axios' Jonathan Swan: Trump's tweet is the most definitive sign yet that the U.S. and Chinese teams are committed to signing the "phase one" deal. Some senior administration officials — who have felt burned by China before — had privately been cautioning that it was still possible it could fall apart at the last minute.

  • The trade war and its tariffs have injected uncertainty into the manufacturing sector and business sentiment in the U.S., but making the first part of this deal official could begin to help smooth things over, Axios' Dion Rabouin reports.

Go deeper: China's economy grows at slowest pace since 1992

Go deeper

Dion Rabouin, author of Markets
1 hour ago - Economy & Business

Bond investors see brighter days

Illustration: Sarah Grillo/Axios

U.S. government bonds could breakout further after yields on the benchmark 10-year Treasury note ticked up to their highest since early June last week.

But, but, but: Strategists say this move is about an improving outlook for economic growth rather than just inflation.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging. Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk — Mark Meadows: "We are not going to control the pandemic"
  2. Health: 13 states set single-day coronavirus case records last week — U.S. reports over 80,000 new cases for second consecutive day.
  3. Education: The dangerous instability of school re-openings.
  4. World: Australian city to exit one of world's longest lockdowns — In photos: Coronavirus restrictions grow across Europe
  5. Media: Fox News president and several hosts advised to quarantine after possible COVID-19 exposure
  6. Nonprofit: Rockefeller Foundation commits $1 billion for COVID-19 recovery
Erica Pandey, author of @Work
3 hours ago - Economy & Business

The dangerous instability of school re-openings

Illustration: Eniola Odetunde/Axios

Schools across the country have flip-flopped between in-person and remote learning — and that instability is taking a toll on students' ability to learn and their mental health.

The big picture: While companies were able to set long timelines for their return, schools — under immense political and social strain — had to rush to figure out how to reopen. The cobbled-together approach has hurt students, parents and teachers alike.

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