U.S. home sales fell last month, boating ill for the crucial spring selling season.
Plus, China dismisses suggestions it's in negotiations about tariffs with the U.S.
Trump has blinked.
And the way this will be interpreted in Beijing is that China has a much greater tolerance for pain than the U.S. does.
And Florida's solution to a labor shortage?
Teenage workers.
It's Thursday, April 24th.
I'm Alex Osola for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
President Trump's apparent softening on tariffs against China in recent days has buoyed markets and raised hopes for a de-escalation between the world's two largest economies.
For Chinese leaders,
it only strengthens their resolve that Trump will eventually cave if they wait him out.
President Trump said today his team was actively talking to Beijing about trade.
Beijing played down hopes for an imminent rapprochement,
saying it hasn't held negotiations with the U.S., quote, let alone reached an agreement.
and described reports of U.S.-China talks as fake news.
WSJ Asia Economic Reporter Jason Douglas.
Part of Beijing's strategy is certainly to suggest to Trump that they're not rattled by what he's doing at all.
They seem very keen not to take the first step in ratcheting down tensions either.