Day: January 19, 2019

Trump Says a Deal ‘Could Very Well Happen’ With China

U.S. President Donald Trump said on Saturday progress is being made toward a trade deal with China and denied that he was considering lifting tariffs on Chinese products.

“Things are going very well with China and with trade,” he told reporters, adding that he had seen some “false reports” indicating that U.S. tariffs on Chinese products would be lifted.

“If we make a deal certainly we would not have sanctions and if we don’t make a deal we will,” Trump said. “We’ve really had a very extraordinary number of meetings and a deal could very

well happen with China. It’s going well. I would say about as well as it could possibly go.”

more

‘Don’t cry’: Serena Consoles Australian Open Foe; Halep Next

It was all a bit overwhelming for the latest opponent who could do nothing to slow Serena Williams at the Australian Open. So Dayana Yastremska, an 18-year-old from Ukraine, found herself wiping away tears as she walked to the net.

Williams knows what it’s like to be the one weeping after a loss. She put her right hand on Yastremska’s shoulder and consoled her by saying, “You’re so young. You did amazing. Don’t cry.” Then they embraced, and Williams patted Yastremska on the back.

“I could tell she was quite upset. I kind of liked that. It shows she wasn’t just there to play a good match — she was there to win. She wanted to win. That really broke my heart,” Williams said. “I think she’s a good talent. It’s good to see that attitude.”

Maybe she will be tested in the fourth round, because no one has come close to making her work too hard so far, including the 6-2, 6-1 victory on Saturday.

Next up, though, is a far more accomplished player, No. 1-ranked Simona Halep, who took control by reeling off six consecutive games in one stretch and advanced by beating Williams’ sister, Venus, 6-2, 6-3.

After two tough three-set tussles, Halep had a much easier time of things, making only 12 unforced errors while Venus had 33. Halep played with her left thigh taped, but moved around the court well.

“She played pretty flawless,” said Venus, who exits before the fourth round at a fifth consecutive Grand Slam tournament.

Looking ahead, Halep said: “It’s going to be a bigger challenge. I am ready to face it.”

She’s lost eight of her past nine matches against Serena.

Might Venus offer her sibling any tips?

“I don’t know if Serena needs my help or not,” Venus said. “If she does, I’ll be there.”

Not only has Serena won every set she played this week — and 20 in a row at Melbourne Park, dating to the start of her 2017 run to the title (she sat out last year’s tournament after having a baby) — but Williams has ceded a total of only nine games through three victories.

Unlike any of Serena’s foes until now, Halep has won a major title, last year’s French Open. She’s been to three other Grand Slam finals, including a year ago at the Australian Open.

That resume pales in comparison to Serena’s, of course.

Whose doesn’t?

She is bidding for an eighth trophy at the Australian Open and record-tying 24th Grand Slam title in all.

As for the prospect of playing the Williams sisters in back-to-back matches, Halep called it “the toughest draw I’ve ever had.”

“I just want to try to play my best tennis,” Halep said, “because I have nothing to lose.”

Other women’s fourth-rounders set up for Monday: Naomi Osaka, the woman who beat Serena in last year’s chaotic U.S. Open final, against No. 13 Anastasija Sevastova; 2017 U.S. Open runner-up Madison Keys against No. 6 Elina Svitolina; and two-time major champion Garbine Muguruza against 2016 U.S. Open runner-up Karolina Pliskova, who beat No. 27 seed Camila Giorgi 6-4, 3-6, 6-2 on Saturday night.

Men’s matchups Monday with a quarterfinal berth at stake will be: No. 1 Novak Djokovic against No. 15 Daniil Medvedev; No. 4 Alexander Zverev against 2016 Wimbledon finalist Milos Raonic; 2014 U.S. Open finalist Kei Nishikori against No. 23 Pablo Carreno-Busta; and No. 11 Borna Coric against No. 28 Lucas Pouille, who eliminated 19-year-old Australian wild-card entry Alexei Popyrin 7-6 (3), 6-3, 6-7 (10), 4-6, 6-3.

Serena complimented Yastremska in the locker room after their match.

“She said, like, ‘You’re young, you’re very good and you will be a good player in the future.’ It’s nice to hear those words from a legend,” said the 57th-ranked Yastremska, who eliminated 2011 U.S. Open champion Sam Stosur in the first round and 23rd-seeded Carla Suarez Navarro in the second.

“If she thinks so,” Yastremska added about Williams, “then maybe that’s true.”

Williams grabbed a pair of service breaks and a 4-0 lead after less than 15 minutes and was well on her way to yet another easy-looking win.

Right from the start, Yastremska appeared a bit jittery, missing 9 of 10 first serves and double-faulting three times while getting broken in each of her opening two service games. By the end of the first set, the teenager had 13 unforced errors, nine more than Serena.

It didn’t get much better in the second set, and Serena wound up with eight aces while facing zero break points, and a 20-13 ratio of winners to unforced errors.

Yastremska was born in 2000, the year after Serena won her initial major, and grew up cheering for someone she calls “a legend.” Yastremska recalls swinging her racket in the living room at home while watching on TV at age 8 as her favorite player competed.

Surely, everything felt a tad different up-close-and-personal with the 37-year-old American in Rod Laver Arena.

What separates Williams from other top players?

“Everything. Small details. Her discipline. Her quality of the shots. How (committed) she is to every ball,” Yastremska said. “She (is) completely different. I don’t know how to describe that. It’s just there’s something special. What I’m trying to do is to go to the level that people are going to talk about me the same, that I have something special.”

more

James Webb Telescope Prepping for Launch

Humanity’s efforts to move into and peer into space seem to be experiencing something of a renaissance in the past few weeks. NASA’s pictures of Ultima Thule continue to astound, as do Chinese pictures from their probe on the far side of the moon. Coming soon, the James Webb Telescope will allow NASA to look even farther into the great beyond. VOA’s Kevin Enochs reports.

more

Stocks Rally on Trade Hopes, Dollar Has 1st Weekly Gain of 2019

World stock indexes jumped on Friday, with Wall Street posting a fourth straight week of gains, and the dollar had its first positive week since mid-December as optimism increased that an end is in sight to the U.S.-China trade conflict.

Stocks were boosted by a Bloomberg report that said China sought to raise its annual goods imports from the United States by more than $1 trillion in order to reduce its trade surplus to zero by 2024.    

That followed a report on Thursday that U.S. Treasury Secretary Steven Mnuchin was considering lifting some or all tariffs imposed on Chinese imports. The Treasury denied Mnuchin had made any such recommendation.

Progress in trade talks

While the equity rally lifted all major sectors, trade-sensitive industrials posted among the biggest S&P 500 sector gains, up 1.9 percent on the day. The Philadelphia SE semiconductor index rose more than 2 percent and Germany’s exporter-heavy DAX was up 2.6 percent.    

“There seems to be some progress going in the trade negotiations,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

While that was the biggest influence, “we’ve still got momentum since the first of the year,” he said. “Some of the money that came out of the market at year-end, whether it was high frequency traders or tax-loss selling, is coming back in.”

Adding to strength in equities and supporting U.S. Treasury yields was data that showed U.S. manufacturing output increased the most in 10 months in December. 

Some strategists said relatively light equity trading volume this week indicated that some investors were still waiting on the sidelines.    

The Dow Jones Industrial Average rose 336.25 points, or 1.38 percent, to 24,706.35, the S&P 500 gained 34.75 points, or 1.32 percent, to 2,670.71 and the Nasdaq Composite added 72.77 points, or 1.03 percent, to 7,157.23.

The S&P 500 registered its biggest four-week percentage gain since October 2011. The index is now 8.9 percent below its Sept. 20 record close after dropping 19.8 percent below that level — near the 20-percent threshold commonly considered to confirm a bear market — on Christmas Eve.

STOXX 600 index is up

The pan-European STOXX 600 index rose 1.80 percent and MSCI’s gauge of stocks across the globe gained 1.23 percent.

Chinese Vice Premier Liu He will visit the United States on Jan. 30 and 31 for another round of talks aimed at resolving the trade dispute between the world’s two largest economies.

Recent indicators show signs that the Chinese economy is losing momentum.

The trade optimism boosted the dollar against other major currencies.

The dollar index rose 0.31 percent, with the euro down 0.26 percent to $1.1365.

U.S. Treasury yields rose to three-week highs as investors piled back into Wall Street.  

Oil prices jump

Benchmark 10-year notes last fell 12/32 in price to yield 2.7878 percent, compared with 2.747 percent late on Thursday.

Oil prices jumped about 3 percent, rising after OPEC detailed specifics on its production-cut activity to ease global oversupply.   

Brent crude gained $1.52 to settle at $62.70 a barrel, or 2.48 percent higher. U.S. WTI crude futures added $1.73 to settle at $53.80 a barrel, or 3.32 percent up.

 

more