React to all of this dire political theater by moving to new record heights, the house of representatives in the midst of it all, all the drama also passed President Trumps usmca, the new trade agreement with canada and mexico. 1. 3 trillion worth in a matter of fact, in the midst of all the political turmoil the radical dems aversion for more than three years, President Trump succeeded in delivering another Major Campaign promise. Continuing to balance and make reciprocal u. S. Trade in with House Speaker pelosi decision to delay delivery delivery and with the house now adjourned for the holiday, there will not be any action until early january. The president maintaining that the dems entire process is a hoax, set up and the republicans are now winning because of hello sees outright default. For more we turn to chief White House Correspondent john roberts. Reporter thank you very much. Its a great honor. In the oval office welcoming former democratic congressman Jeff Van Drew to the c
He was serving as the d. O. D. , secretary norquist completed the first d. O. T. Audit ever, soon thereafter secretary norquist was audited and confirmed as secretary of defense with all of senate support, he has a wealth of knowledge on these issues and i thank him for being here today. To a lot of people aside from my good friend senator purdue who im hopeful will be here a little bit later, the d. O. T. Audit might not coming across as most interesting topic of the world however the Ranking Member cain and i take our oversight responsibilities seriously and are happy to have the support and timely hearing, another responsibility we take seriously is one of providing the funding needed to rebuild our military with the specific focus on restoring readiness. Conducting an audit of this magnitude is a massive undertaking, in fact until secretary norquist arrived it had never happened, the pentagon had never completed an audit, let me repeat it in its history the department of defense an
After an incredible session where the dow surged 223 points breaking through the key 28,000 level. While the s p gained 7. 7 . Six straight up week nasdaq raising on positive trade chatter. I think its within reach. We need to approach this with a certain amount of skepticism but theres a possibility. All that needs the to happen is that the chinese pay market prices for boat loads of pork and get an agreement that opens up their markets to our financial companies. Pork deal wouldnt even be much of a favor chinese need pork. Their pigs have been dropping like flies because of that swine flu. President trump knows chinese want and need our pork yet they keep trying to bargain with him i mean, come on. At this point, i dont think they are that far apart, at least not according to larry kudlow if china doesnt give in and order some bacon it could be curtains the if negotiations fail that ushers in the next rounds of tariff hikes which would, of course, go into effect in december and might
Announcements today . Clerk yes. [agenda item read]. Chair fewer thank you very much. Madam clerk, can you please call item number one. [agenda item read]. Chair fewer supervisor mandelman . Supervisor mandelman thank you, chair fewer. We considered this item last week. If youll recall, i offered amendments which needed to sit for a week, so i would ask today that we forward this to the full board with a positive recommendation. Chair fewer thank you, supervisor. There is no b. L. A. Report on this, and so lets open this up for Public Comment. Any members of the public want to comment on item one . Seeing none, Public Comment is now closed. [gavel]. Chair fewer id like to make a motion to move this to the full board with a positive recommendation. I can do that without objection. Thank you very much. [gavel]. Chair fewer madam clerk, please call item number two. [agenda item read]. Chair fewer thank you very much. And i believe today, we have Michelle Geddes project manager in the San
After china said the trade negotiators reached consensus on certain issues. We stay real estate and Consumer Discretionary leading the gains on the s p 500. Drugmakers are losing ground. Hitting session lows. This after a report that federal prosecutors part of a criminal investigation into whether pharmaceutical Companies Intentionally let opioids like communities. All of them the most since august. Falling the most since august. Amanda one read on the economy that could be a good sign ahead of the shopping season, new home sales running at the fastest pace in about 12 years. Data from the Commerce Department from october showing on an annualized basis, 733,000 new homes sold. That is the fastest pace since prior to the credit crisis. Obviously, we have low mortgage also sentiment. Even though we got a read today that was not particularly strong for the u. S. Consumer. We do have shares of best buy surging because it posted data topping estimates in its most recent quarter. It raised