Beijing on Thursday indicated it wouldn't immediately retaliate against the latest tariff increase announced by Donald Trump last week. The president responded by saying the two nations are scheduled to have a conversation about trade. U.S. stocks rallied on the news. —Josh Petri

Here are today’s top stories

China warned a U.S. warship sailing near disputed islands in the South China Sea that it was violating the country’s sovereignty.

Trump said he canceled a trip to Poland this weekend because Hurricane Dorian is poised to strike Florida as a Category 4 storm.

Foxconn, the world's largest contract manufacturer, is seeking to reduce its reliance on China as Trump's trade war drags on.

There may be vast lithium reserves buried in a forgotten corner of Europe. The hard part might be getting it out.

An investigation by U.S. health authorities into whether e-cigarettes can cause seizures was triggered by a handful of people who reportedly used Juul devices. The company's CEO on Thursday told non-smokers not to vape. 

Democratic frontrunner Joe Biden and President Trump disagree on a lot of things. But when it comes to how they talk, they’re more alike than either might care to acknowledge.

What’s Joe Weisenthal thinking? Believing there's a growing need to move to a post-dollar world order used to be a fringe view. Now it's something discussed in polite company. Like on Bloomberg TV and in Businessweek.

What you’ll need to know tomorrow

• Apple to unveil a new iPhone (and perhaps more) in September.
• Jack Ma thinks AI could make a 12 hour work week the norm.
• These are the safest cities in the world right now.
• More people are leaving NYC every day than any other U.S. city.
• Where are they going? The suburbs are back.
• It rained so much in California that this year's lemons are gigantic.
• F1 driver Lewis Hamilton is launching a meat-free burger chain.

What you’ll want to read tonight in Pursuits

The Best Dress Watches Under $10,000

In today's increasingly casual world, there aren't too many occasions for getting seriously dressed up. That doesn't mean you shouldn't have a nice dress watch in your arsenal anyway. The best dress watches can be dressed up or down too, so you can make that jeans-and-a-sweater look feel even sharper than it already is with the right timekeeper. Here are our picks.

Like Bloomberg’s Evening Briefing? Subscribe to Bloomberg.com. You’ll get our unmatched global news coverage and two premium daily newsletters, The Bloomberg Open and The Bloomberg Close, and much, much more. See our limited-time introductory offer.

Interested in the future of health care? Sign up for Bloomberg’s Prognosis. Get the latest news and analysis about the people, science and industries driving the medical economy, delivered to your mailbox weekly.

Download the Bloomberg app: It’s available for iOS and Android.