President ial candidate steve forbes, great to see everybody this morning. Good to be with you. Maria a lot to talk about, dagen, missed you, wanted to get your take on complaints and whistleblower complaint that we will be declassified. Dagen right, acting in front of Congress Later this morning, declassified last night. Again. Let the American People see it in. I will leave it at this. Will democrats try to leave the. , the intent is to essentially destroy the economy and prevent everything from getting done that would benefit the American People like the canadamexico trade agreement. It looks like they are not maybe even impeach him but just destroy the economy because of it. Uncertainty they maria theres no u. S. Mca, nothing gets done legislatively and its amazing to me that they could stand there and pursue the moves when, in fact, at tend markets, investors, voters are going to blame them for that, steve forbes, what do you say . Its going to be a thin excuse when you have 6 or
Biggest refining hit by drones next last weekend. Shery we are seeing u. S. Futures gaining. 4 after coming from wall street fell on friday. We had trade related news, not being felt well by the markets. We were up throughout the session but then we had reports the chinese delegation would not be visiting u. S. Performs which led to a fall in the equity markets. There were concerns over the trade negotiations. We had consumer stocks declining, trade sensitive stocks falling like tech. The nasdaq fell the most in two weeks down. 8 . Rally throughout the week, yields going towards 170 at the moment but we are seeing u. S. Futures gaining ground after media reports saying the pullout from the u. S. Farm business had nothing to do with those trade negotiations. Lets see how we will set up in asia given the headlines. Lets go to selena. Markets are closed in japan so any moves are exacerbated by trading but futures are so far futures are pointing to a mixed open, slightly higher, seeing the
Candidate steve forbes, im going to let you talk amongst yourself and let you talk, so interesting what you have to say about all the topics for the day and whats going on in this country whether its china trade, im going to sit back. Dagen, you never sit back, not for long. Dagen is that a compliment . [laughter] dagen former u. S. Attorney on new immigration rules of birthright citizenship, a lot of confusion, here to clear it up, member of the House Appropriations Committee Chuck on china, former Senior Adviser to george w. Bush, karl rove and brian kelly on lastminute Labor Day Travel destinations, you do not want to miss any of those fine gentlemen. Right here right now signs of hope sparking rally, futures to the plus side bigtime this morning at 245point gain on dow futures, china says it will not retaliate against latest rounds of tariffs set to go into effect on sunday, chinese spokesperson saying that the country hopes to instead discuss removing the new tariffs in order to p
Be 50 bits rather than 25. 00 and just before the g. D. P. Figure was released finance minister some of them are on announce that 10 Public Sector banks would be collapse into 4 after the mergers there would be a total of 12 Public Sector banks there were as many as 27 Public Sector banks and 2017 and the sector has been dramatically undermined in recent years by a rising tide of bad loans on loss and confidence in the wake of scandalous collapse of Punjab National bank the revelations of fraud in 2018. Turning to another flood the economy argentinas move to renegotiate 101000000000. 00 in debt was briefly labeled as a selective default by the movies Rating Agency in a statement moodys cited the macro administrations failure to sell bonds to finance approaching Debt Repayment payment deadlines and said quote following the continued inability to play a short term paper with private sector Market Participants. Government unilaterally extended the maturity of all short term paper on augus
To knock the argentine peso down by about 2 percent against the dollar falling to 59. 00 against dollars. In the trade war continues to rage on as weve reported in the scuffle and spread to the auto sector now theres a new moves in the auto sector to report and pulling up to catch us up on all busy this and all things automotive is the cars coach lauren fix so lauren 1st lets get right into the tesla news this week china a ministry of industry and Information Technology said on friday that the cars all 16 models sold in china will now be exempted from a 10 percent sales tax in the ministry did not give a reason for this favorite treat men although the founder either musk has been noticeably praised in china and seems to be very committed to selling and investing in that market so is this enough to offset all of those other troubles or at least keep them afloat for a while. While i think its going to help china you have to remember that he didnt 1st announce that hes going to raise pric