A financial weapon alternatives emerged and thus said in the end of the power of empire this is happened throughout history hubris often sinks an empire when they become a bully and so were going to look at what a story about china china working with a Dutch Company by the way here this is when the u. S. Slapped all those tariffs on agricultural goods and all sorts of goods that china retaliated by stopping all imports of story being products and of course argentina is a big producer of that so theyre chinas pivoting and having to re develop and build infrastructure in countries that they want to do business with so heres a headline china wants to build a greens super highway arjen tina here is the parana river is their main waterway and it dumps out in to the ocean and heres your guy heres argentina buenos aires and china has stepped away from u. S. Agriculture imports and said it would bid on a project that could create a greens superhighway and argentina reported reuters Chinese Sta
Taylor how cyclical is tech hiring . Forecastedssion later in the future. Doesthe economy does well, text see some over hiring and when it doesnt, does it see under hiring . Is it defensive, or economic agnostic . You dont have as many Business Cycles to look across to see how modern Tech Industry does. Certainly doing the tech bubble, you had a huge run off at the time. It was recently that we started to reach the Employment Level things focusing on the tech sector. The cyclicality matters. It matters for every industry. But tech is doing its own thing as well. Taylor i have to ask, where are the female jobs . Adam they are throughout the Tech Industry as well. Every industry is working hard to find more people. They are going to have to hire men and women as well. Taylor adam, thank you for joining us. Adam thanks for having me. Taylor switching gears to the realm of videoconferencing, zoom video started to celebrate one of the tech ipos of 2017 that went up but after a strong thirdq
On Interest Rates. That was the take away from the central olbanks twodayy meeting where Interest Rates re left unchanged. Todays decision or perhaps better said nondecision follows three rate cuts this year, which was an abouface from from thet four inter rate hikes in 2018. Steve liesman reports from the Federal Reserve in washington. The Federal Reserve ended a momentous year forli monetary by launching what it one where the policy rate is likely on hold for what could be many months. The move to neutral folws three successive rate cuts in hike rates in 2019. Of plans to the fed called the current stance of policy quote appropriate. The feds overnight lending rate stands at a range of 1. 5 to 1. 75 . The fed chairman suggested that could be the case for a while to come. We believe the current stance of Monetary Policy supports sustained owth, a strong labor market and inflation near t symmetric 2 objective. As long as incoming information about economy remains broadly consistent wit
The wall street journal calculates that icahn will make 400 million if hes right. More on that in a moment. Lets get to the market. Down yesterday, and probably opening a little lower this morning. President trump says if china doesnt make a trade deal, he might raise tariffs even more. He also said hes very happy with china because the treasury has taken in almost 100 billion from tariffs. All right. The dow is going to open down about 80, s p down about 9, nasdaq down about 32. But all of them still right at record highs. In a couple of hours, really big meeting in texas. Apple meets the president. Tim cook meets donald trump. This is at the new mac pro factory in austin. Pivotal meeting. Its about building apple products in america. Its about tariffs on apple products. Its about china trade negotiations. It is a big deal meeting. Just as important, what will the president say to reporters when he leaves the white house . We will certainly tell you. Varney company is about to begin.
Good wednesday morning, im Carl Quintanilla with Morgan Brennan and jon fortt. The president this morning set to tour the mac pro Assembly Plant with apple ceo tim cook. Eamon javers will raise the curtain on that this morning. Reporter youre playing just the two of us and it is going to be about just the two of them. The unlikely relationship between donald trump, the president of the United States, and tim cook, the ceo of apple cook has spent the past several months cultivating a relationship with donald trump largely, im told, by going through the trump family having conversations about technology with Melania Trump at dinner at the white house. Talking with ivanka trump about workforce issues hes cultivated that phone call relationship with the president. I asked the president why he seems to have such a good conversational ability with tim cook the president told me a couple of weeks ago, the reason is because cook is the one ceo in incorporate america who actually picks up the p