president biden: yes. you are? president biden: that s a commitment we made. it s a commitment we made. here is the situation. we agree with one china policy. we signed onto it and all the attendant agreements made from there. but the idea that it could be taken by force, just taken by force is just not appropriate. dana: jacqui heinrich is reporting live. those comments stole the show away from the economic message the president wanted to deliver and the white house is constantly finding themselves in this position and the president saying this on asian soil makes it different this time, jacqui. no kidding. very significant, dana. the white house is claiming that the president did not announce a policy shift but everything that we witnessed shows that it was. it was a clear break from strategic ambiguity for years has supported helping taiwan defend itself but september very vague about whether the u.s. military would come to its aid if china attacked. the question
The economy. We keep edging closer to 3 on the tenyear treasury. 386 as of now. Consider this. More Big Companies are giving bonuses. Uhaul is the latest giving 1,200. Thats stimulus. Paychecks going up. Thats stimulus. Government spending going up. And infrastructure package evolving big spending that looks more and more likely. So what happens to Interest Rates . If they go up sharply, expect a reaction on the stock market. Today, the freeranging immigration debate begins. Well see the infrastructure plan. And just wait until you see how the media fawned over north koreas propaganda chief. And now watch this. The new look Varney Company is about to begin. Stuart i do declare we like it. Look at that. The new look debuts today. I see heavy use of gold. Ashley yes. My only concern is theyve blown the budget for the year, but i do love it. I do love it. Stuart i would like to have been airbrushed a little bit thinner. Liz right . Stuart i like the old. Liz you are smiling. Its sharp and
Want to be. Auto stocks drive markets to the green after car sales hit a 5. 5 year high in june amid Strong Demand for luxury brands. Time for a change. Swatch has its best day in over two years as investors shrug off a 20 fall in profit focussing on the watch makers positive outlook. Greece passed the austerity measures required for a bailout. Tsipras urged lawmakers to approve reforms. 229 voted in favor of the bill. Chaos was outside parliament. Parts of the square were set ablaze as they chanted we have been betrayed. And anger inside parliament. Half of the no votes came from syriza as they condemned a very black day for democracy in europe. He wrote a scathing blog in which he likened the bailout to fiscal water boarding. No surprise that he would vote against that deal. He has been very outspoken. Yesterday we saw the deputy finance minister stepping down because he simply couldnt stand behind the deal. Whats so interesting here is that this vote went through because of support
Intervention is not the solution solution. They are desperate to try to keep this market up and theyre trying every rule in the book to do that. Unfortunately as you know the more they do the more uncertainty is imposed on the market. Its official puerto rico defaults on a Debt Repayment for the first time ever. The governments debt spiral warning comes to fruition. Putting the brakes on profits. Toyota calls china a difficult environment while bmw warns of slowing sales. Coming up on the show hes a man with a plan. Obama talks tough on climate change. What would you give the president for his birthday which, by the way, is today . The numbers are in and its not looking good for Hillary Clinton. Stay tuned as we unveil the results of the latest wall street journal poll and angry gamers. Why the app ruffled some feathers, later in the show. Welcome to the show. It was an ugly start to the month of august with stocks falling across the board. The dow losing 91 points. A lot having to do
Arabia and the u. A. E. In ordering its citizens to leave lebanon is part of an escalating crisis that began with the shock resignation of the lebanese Prime Minister saad hariri. Still in the saudi capital and denies hes being held against his will or ease political policy is now demanding he return to beirut five days after he now. Wall in riyadh. Now that used to. The return of Prime Minister saad hariri head of the future movement is necessary in order to restore the internal and external balance of lebanon with full respect to lebanons the gitting mysie in accordance to the constitution and to the thai if accord and with respect to the arab and International Legitimacy we confirm our support for Prime Minister saad hariri and for all the decisions he makes under any circumstances. There is a new honda has the latest from beirut. The Political Party of saddle how do you say that it is necessary that the the Prime Minister immediately returns to lebanon saying that this is of course