Kudlow forecasts ‘something positive‘ from scheduled U.S.-China trade talks

National Economic Council Director Larry Kudlow said Friday he saw the potential for "something positive" to emerge from U.S.-China trade talks set to begin later this month. Appearing on CNBC, Kudlow said President Donald Trump believes the Chinese want to make a deal and that talks are continuing. Talks are scheduled at the deputy level in Washington for this month, and high-level officials including Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He will meet in early October, Kudlow said. He also called a "blowout number," though the gain of 130,000 jobs was lower than expected. He focused on the household survey in the interview. Some 571,000 people entered the labor force in August and nearly 590,000 found work, that survey found. U.S. stocks opened higher after the government reported the jobs data.

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