Trump gets some good news after a ton of bad news

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VIEW IN BROWSER | SUBSCRIBE FRI, OCT 25, 2019 CNBC POLITICS EDITOR'S NOTE Hello readers,   Between the heat he has taken for withdrawing troops from Syria and the intensifying impeachment probe, it's been a rough few weeks for President Trump. On Friday, though, a bit of encouraging news came out of the administration: there's more apparent progress on trade talks with China.   A Trump administration statement said that both sides "are close to finalizing some sections of the agreement" following a phone call between U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and China's top trade negotiator, Vice Premier Liu He. The development gave a boost to U.S. stock markets and offered investors a glimmer of hope that the world's two largest economies could settle at least some of their differences.   Yet there are still plenty of troubles for Trump and the White House, even if it looks like a trade deal with China could be in the works.   Lawyers for former national security advisor John Bolton have been in touch with House officials about potential testimony in the impeachment probe. Look out for more developments on this front, because it could mean an even tougher time for Trump. After all, Bolton, who just hired some top literary agents, probably has a lot of juicy – and potentially damaging – stories to tell.   Thanks for reading. Have a great weekend.   Have friends or colleagues who might like this newsletter? They can sign up here. For more on the intersection of business and politics, sign up for the weekly Capital Exchange newsletter here.   Check out CNBC Select, which provides high-quality personal finance advice through product reviews, tips and best-of lists so users can choose the right financial products for their lives. Mike Calia @Michael_Calia KEY STORIES  US and China are close to finalizing some sections of trade deal, Lighthizer says The U.S. and China have made progress in trade discussions and have come close to finalizing parts of a phase one trade deal, the Office of the U.S. Trade Representative said Friday. Here are the biggest moments since the Trump Ukraine call summary was released a month ago President Trump has faced more political danger than ever during the month since he released the transcript of a call with Ukraine's president. Former Trump advisor John Bolton's lawyers are in contact with impeachment probe panels John Bolton reportedly was so disturbed by efforts to get Ukraine to investigate President Trump's political opponents, including former Vice President Joe Biden, that he called it a "drug deal." Pence says 'NBA is acting like a wholly owned subsidiary' of China's Communist Party, also blasts Nike "Some of the NBA's biggest players and owners, who routinely exercise their freedom to criticize this country, lose their voices when it comes to the freedom and rights of other peoples," Pence said in a speech. Elizabeth Warren's move on Amazon over Capital One hack is a warning shot to cloud providers The question of whether ubiquitious bank participation in a narrow set of cloud providers creates a systemic risk to the financial system is one regulators have been privately and publicly asking for years. Joe Biden blasts Trump for 'squandering' a strong economy and forgetting the middle class The former vice president says in the key 2020 swing state Pennsylvania that President Trump is abandoning the middle class through his policies. Billionaire George Soros says Elizabeth Warren 'is the most qualified to be president' "She has emerged as the clear-cut person to beat," says the liberal billionaire, who also supports the idea of a wealth tax. Bernie Sanders wants to pile $50 billion from legal marijuana tax revenue into business grants Sanders' campaign also says the plan aims to ensure the legal marijuana industry does not become like big tobacco companies.       Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS