Expected to move to trial, the phase one china trade deal expected to be signed at the white house this morning top trump economic adviser larry kudlow joins us first cnbc this hour. And financials are in focus, bank of america beats for the quarter, goldman hampered by litigation charges target shares are plunging. Holiday sales miss on estimates on weakness and toys and electronics. The u. S. china phase one trade deal said to be signed this morning this is what secretary mnuchin said about the agreement earlier this morning on squawk. We need to put together very significant laws to change rules and regulations and made strong commitments to our companies there will not be forced Technology Going forward thats a big win for our technology companies, businesses and American Workers we look forward to learning more in the wake of this signing. Jim, mnuchins appearance this morning brought us something new, the notion of phase 2a, phase 2b, phase 2c, so stories evolving rapidly i think
And out of the reigning super bowl champions is the new England Patriots in the playoffs. Mourners have gathered in the hundreds of thousands to welcome the body of custom sobhani Iranian Military commander assassinated by a u. S. Airstrike in iraq on friday so the bodies body has now arrived in the holy city of mashad of these are live pictures from the procession his body was brought back to iran early on sunday earlier he was carried in a procession through our was and will later be flown to terre ron these days is dramatically escalating tensions around the region on sunday donald trump issued a warning threatening to hit dozens of targets inside iran if it retaliates against the u. S. Now in an interview with the hizbollah or affiliated Television Channel just some saw the bodies daughters said she has no doubt they will be retaliation for her fathers death. Clinton could move to before anything id like to send my greetings to the Supreme Leader Ayatollah Ali Khamenei and also to
After we got the outline of phase one trade deal china President Trump has agreed to lower some of our tariffs in exchange for, it looks like, 50 billion a year in agricultural purchases. And some much firmer protections against intellectual property theft and currency manipulation. And those last two pieces, please, youve got to understand thats what the United States is fighting for thats the real meat of the deal we need Chinese Companies steal our patents and trade secrets and we need china to swear off currency manipulation. I dont know i assume the case. I think let me tell you i want to make this really clear. Ag is not what this is about but we got to spend some time on it because its what people are going to talk about. China has a history of not following through with its trade commitments. And this time, weve got powerful enforcement mechanism theres still going to be a 25 tariff on 250 billion worth of chinese imports with a 7. 5 levy on another 120 billion that had been cu
Good morning weve got a big show this morning joining the conversation fox business megyn mcdowell and tom bevin and pollster of partners author of persuasion lee carter the great to see you. A lot of news to talk about today actually first lets talk about futures in china. Because markets are up this morning pointing higher this morning, a gain of start of trading gets because of some optimism over potential deal with china. China said it is going to raise penalties. On i. P. Theft surveillances major point of the negotiations with states and continue trade talk last week this has to be a positive. I think a lot of people are feeling this. But do we believe this . That china is, in fact, going to enforce this that ip theft is against the law . This is not even a trust that verify situation because we dont have any trust with china baked into their Business Model with i. P. And you know theyll have to prove themselves i think before anybody believes theyre going follow through on this.
The clerk on this vote the yeas are 395 the nays are 23. The amendment is adopted. The chair on this vote, the yeas are 395rk the nays are 23. The amendment is adopted. The Unfinished Business is the request for a recorded vote on amendment number 4 printed in house report 116247 by the gentlewoman from new york, mrs. Maloney, on which further proceedings were postponed, and on which the yeas prevailed by voice vote. The clerk will redesignate the amendment. The clerk amendment number 4 printed in part b of house report 116247, offered by ms. Carolyn b. Maloney of new york. The chair a recorded vote has been requested. Those in support of the request for a recorded vote will rise and be counted. A sufficient number having risen, a recorded vote is ordered. Members will record their votes by electronic device. This will be a twominute vote. [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of th