Important clarification from CNBC
The headlines from CNBC earlier said that Treasury Secretary Mnuchin said the US-China deal is 90% complete. However they've now corrected to show that he used the past tense and said a deal was 90% complete.
That's an important detail in light of talks breaking down and the US's accusation that China backtracked.
The original report helped to spike risk assets higher. Some of that is fading.