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In an interview with CNBC, White House economic advisor Larry Kudlow said that he believed that the U.S. was heading to a remarkable, historic trade deal with China explaining that they made ‘fantastic progress’ in last week’s talks.

Kudlow’s optimistic comments seem to be helping stock markets gain traction. The Dow Jones Industrial Average, which started the day in the negative territory, was last seen adding 0.1% and the S&P 500 and the Nasdaq Composite were both virtually unchanged on the day.