U.S. stock market futures plunged after the South China Morning Post reported on Wednesday evening that the U.S. and China made no progress in deputy-level trade talks this week. The futures recovered some of those losses after the White House told CNBC’s Kayla Tausche that the SCMP report was inaccurate.

The initial report that hit futures said that higher-level talks with China’s Vice Premier Liu He would now be only one day, with the China delegation planning to leave Washington on Thursday instead of Friday as scheduled.

“We are not aware of a change in the Vice Premier’s travel plans at this time,” a White House spokesperson told CNBC.

And a senior administration official told Tausche that Liu is still scheduled to depart Friday evening, and dinner is on for the delegation Thursday evening in DC.

https://www.cnbc.com/2019/10/09/us-futures-drop-after-chinese-media-reports-that-us-and-china-have-made-no-progress-in-trade-talks.html