Trump says U.S. and China reach partial trade agreement

Where it stands: Trump described the partial trade agreement — which could be signed by both countries in November — as a "phase 1" deal in the Oval Office on Friday, according to multiple reports.

• The stock market rallied earlier in the day on news of the ceasefire, but gains faded slightly after news of the partial deal.
• There's no final decision on whether or not the Trump administration will move forward with imposing the previously announced tariffs on Dec. 15.
• Trump said the talks "made very good progress on technology transfer" and said the U.S. and China reached "an agreement on intellectual property."

The bottom line: Tariffs imposed by Trump on China's imports have cost the U.S. $26.3 billion, and the battle over China's trade surplus and technology ambitions has disrupted global trade. Economists warn that a final settlement might take years.

Go deeper: The cost of Trump's tariffs

Editor's note: This story has been corrected to reflect that China is anticipated to buy $40-50 billion worth of U.S. agricultural goods, not million.

• Guliani's business dealings with Ukraine are being investigated by federal prosecutors in the New York case against his associates. He's also at center of the impeachment inquiry for allegedly trying to press Ukraine to investigate former Vice President Joe Biden over unsubstantiated corruption allegations.

What they're saying: Brian Benczkowski, the head of the Justice Department’s Criminal Division, and other top Justice Department officials met with Giuliani before the pair was charged to discuss a fraud case "in which he and other attorneys were representing the defendants," per the Times.

"When Mr. Benczkowski and fraud section lawyers met with Mr. Giuliani, they were not aware of any investigation of Mr. Giuliani’s associates in the Southern District of New York and would not have met with him had they known."

Go deeper: Trump's Rudy problem

What they're saying: According to a copy of the talking points obtained by Vox, the State Department’s Bureau of Near Eastern Affairs wrote that "Turkey’s military offensive is severely undermining counter-ISIS efforts, endangering innocent civilians, and threatening peace, security, and stability in the region."

• "Turkey does not appear to be mitigating the humanitarian impact of its invasion and occupation of some parts of northeast Syria," the cable adds. The U.S. has "called on Turkey to investigate possible violations of international humanitarian law, especially unlawful attacks against civilians and civilian infrastructure."
• The talking points also note that the department has withdrawn humanitarian and stabilization assistance advisers from northern Syria, which will make it difficult to implement the $50 million aid that the U.S. plans to distribute, per Vox.

Meanwhile, Trump has brushed off concerns that ISIS fighters could take advantage of the chaos and escape prisons and detention camps. On Oct. 9, Trump said ISIS fighters would defect to Europe if they escaped.

• So far, at least 950 ISIS supporters have escaped camps for displaced people.
• On Oct. 16, the president said that "the Kurds are much safer right now. But the Kurds know how to fight, and as I said, they're not angels. They're not angels. ... I wish them all a lot of luck."

Of note: The State Department released the talking points before Vice President Mike Pence and Secretary of State Mike Pompeo met with Turkish President Recep Tayyip Erdogan and agreed to a temporary ceasefire that would force Kurdish forces to evacuate the area.

• A State Department official told Vox the talking points have not been updated since the ceasefire.

Go deeper: Pentagon may struggle to contain ISIS in Syria