The Administration Made a big move on huawei with Edward Lawrence covering it from the white house. Reporter President Trump is not ready to make a deal with china. Every countermove or every move to increase pressure on chinese, are met by countermove by the chinese who have not backed off, or come back to the table, when china had stimulus for its companies and economy, white house announced 90 days for companies to stop selling to huawei. The news heard on mornings with maria. It is another 90 days for the u. S. Telecom companies, some of the rural companies are dependent on huawei. So were giving them a little time to wean themselves off but there are no specific licenses being granted for anything. Okay. Reporter this is relief chinese were looking for, they said u. S. Should allow huawei to continue to do business with u. S. Companies. The they are looking for chinese to reverse course to buy agriculture from the United States. This delay comes as tim cook, the apple ceo, met wit
Well, it you probably had inheard that but you will today and so much more on making money. The Trump Administration throwing a lifeline to huawei giving them another 90 days to buy supplies from u. S. Companies. As china cutting Interest Rates to head off potential recession there. Edward lawrence live at the white house with the very latest on the trade feud. Edward . Theyre trying to get stimulus for the companies and what not there. The later this afternoon, the president meets with the u. S. Ambassador with china on relations in hong kong. The Vice President said any trade deal with china will be on our terms, not chinas terms. The two big issues happened with huawei. First, u. S. Identified 46 new entities and affiliates of huawei, added them to the entity list. Second the president threw them a lifeline, a delay of 90 days, so companies can continue to sell to huawei into november. Commerce secretary wilbur ross says this to allow more rural areas in the u. S. To move away from
Hour, sticking by his actions, labor secretary alex acosta speaking out for the first time this afternoon since the news broke that he played a part in cutting that lenient plea deal for Jeffrey Epstein, a wellknown billionaire and convicted sex offender. We have the breaking headlines from acostas defense. White house officials will try to revive stalled budget talks. Were live on capitol hill with a preview. In new york city, look at that tens of thousands of fans cheering on the usa womens world cup champions today. What is next for the team and their fight for equal pay . Connell Fox Team Coverage of all big stories. Edward lawrence covering the fed chair admits his testimony. Gerri willis at the new york stock exchange. Edward lets start with you. Reporter connell, jay powell laid the groundwork for a fed rate cut and pegged it to undershooting inflation. He outlined the weakness in the economy centers around uncertainty with trade tension as well as Global Economic slowdown but t
Huawei from buying or selling more throughput. U. S. Patents. That wont change the labor Mitch Mcconnell was on with costs. There are kiosks, some maria earlier in the day and he to look at netflix following the restaurant will use those, by talked about it. And large everyone will not go skip that for a moment. To a kiosk to avoid a employee just so i can get comment from Massive Subscriber miss we you on it, lance. Reported to you on at the front. Mcconnell and a number of others after the bell. There is a little bit of it, in the senate, when he was on melissa that was a disaster. Wages are unavoidable. With maria, he talked about this, they really want to go if this gets passed, prices will after huawei. He said today on fox business at the white house President Trump wrapping up meeting with go up period. They see it as a True National melissa what difference does it make to have the wage mandated security concern. Its clear the president airline ceos. At federal level opposed to
In china. Were being told that active preparations for a meeting between President Trump and president xi xinping are underway from this end but the deal is not around the corner. At least it doesnt seem that way. My interview with a senior chinese official on the red lines what items china is not willing to give ground on. What he thinks will be the big headline to come out of the meeting between the two leaders set next week. That is all coming up. Melissa first we begin with breaking news and fox Business Team coverage. Gerri willis on floor of new york stock exchange, Edward Lawrence at the ever important Federal Reserve. Hillary vaughn on capitol hill. With that introduction heed ward i will start with you. Reporter Federal Reserve, no rate cuts, no rate hikes. They will paws, leave things where they are. They were one vote away from looking at the dot plot to have a rate cut. Chairman powell defending the decision they want to look at longer term data and longer term trend before