The major financial headline on Friday is that Trump has asked the cabinet to draft a possible trade deal with China - something that if occurred, would be welcome news for financial markets across the globe.
White House economic adviser Larry Kudlow said at an event in Washington that Trump and Xi might be able to break the logjam on issues during the summit.
Alexander said he would be discussing trade with Li, though neither of them mentioned the ongoing tariff war in remarks in front of reporters.
Team Trump on Friday threw cold water on reports that the administration was close to cutting a trade deal with China.
Trump sounded very optimistic about reaching a trade deal with China, or else, he warned, he was ready to impose a trade tariff of 25 per cent on another Dollars 267 billion worth of Chinese products.
US President Donald Trump and Chinese President Xi Jinping have expressed optimism about resolving their bitter trade disputes ahead of a high-stakes meeting planned for the two leaders at the end of November in Argentia.
The pound dipped but held most of its gains after a report that British Prime Minister Theresa May had reached a post-Brexit deal with Brussels securing access to the European Union for Britain's key finance sector.
Meeting a group of Republican lawmakers in Beijing, China's Li noted the China-U.S. relationship's "ups and downs" over the past four decades of diplomatic ties.
For example, it's unknown whether he is considering relenting on his administration's hard line against China's theft of U.S. intellectual property, which one of the people said remains a key sticking point in any potential deal. It "likely reflects the fact that businesses in the U.S. are starting to feel the impact of the trade conflict through higher prices and squeezed margins", she said.
President Xi Jinping has promised tax cuts and other help to China's entrepreneurs in a renewed effort to revive growth in a cooling, state-dominated economy amid a mounting tariff battle with Washington.
Indonesian crews recover black box from crashed jet
The Australian government has meanwhile advised travellers against taking flights offered by the low-priced carrier Lion Air . A navy official told Indonesian reporters they'd also found the aircraft's fuselage in the waters off the Indonesian capital.
Early voting in Florida surges past 2014 totals
The Illinois State Board of Elections says almost 840,000 early votes had been cast statewide as of late Wednesday. In past presidential years, two-thirds to three-fourths of voters cast early ballots, de Leon said.
VENICE UNDER WATER: 70% of city covered by flooding
A total of nine people have died in violent storms that have been battering the country since the weekend, Reuters reports. Regional governor Luca Zaia has warned that flooding could reach the levels of the disaster that struck the city in 1966.