Gerri willis on the floor of the new york stock exchange, make burman at the white house, edward were starting with you. Will the u. S. Impose more tariff s on chinese goods this weekend or next . Deirdre, youre asking right now, today, yes. The administration Going Forward with those tariffs nothing has been changed, as of right now, white house Economic Advisor larry kudlow saying its up to the president if he sees enough progress to change that and it was a very busy day as you noted on capitol hill. House Speaker Nancy Pelosi saying that she got a usmca deal but was a nonstarter and she turned it into in her words an infinitely better deal. Now the house ways and Means Committee chairman richard neil says theres no more roadblocks and a vote could be set as early as next week. The senate is also in session next week and senator Chuck Grassley may not get his wish, listen. It brings uptodate nafta. I think that its a very good agreement. I hope that we got time to get it done before
Rate of growth is slowing. Now, this hour, im going to ask the president s top economic adviser, larry kudlow, two questions. Are we going into recession in the next 12 months and secondly, what reverses this slowdown . Larry kudlow coming up on this show this hour. Heres the market reaction. Not bad. The dow industrials going to be on the upside to the tune of about 50, 60 points but its early going. You never know how we will close. The s p up about six. Look at the nasdaq, thats going to be up about. 33 . Nice gain. Interest rates virtually unchanged. The yield on the tenyear treasury, 1. 54 . By the way, a rate cut by the fed this month considered a probability. Another cut in december considered a strong possibility. All right. Time to take a look at the latest attack on facebook. Roll tape. What we need is a president with the courage to enforce the antitrust laws. Break them up. And yes, Mark Zuckerberg, im looking at you. Stuart all right. There you have it. Elizabeth warren, n
Now, and on this earth day, a special three buys and a maybe esg edition. The acronym may be divisive, but the returns our guest sees for these names may make you a buyer, but we begin with todays markets and bob pisani at the New York Stock Exchange. Hey, bob. Hello, tyler. We are essentially at the highs for the day and its been a good day, two to one advancing to declining stocks and yields are stable and thats a big help to the markets and lets take a look at the major indices and the s p 500 a fairly narrow trading range and just at the highs of the day and the dow industrials with a 200point trading range and the high point was right at the open and we had a midmorning slump and we recovered. Same with the nasdaq, started positive and went negative and now we see up 0. 6 . The important movers to watch are the semiconductors and see if were getting a bounce and thats exactly whats happening and nvidia was 900 six trading sessions ago and the horrible close on friday and you see t
Eighty to 100 jobs gone from the local pepsi payroll, officials insist philadelphia s sugary drink tax, it is to blame n a statement to Eyewitness News teamsters local 830, Union Representing the soda industry workers, wrote quote our worst fears have been realized. Pepsi is reporting a 40 percent drop in Philadelphia Business since january 1st. The day that the tax went into effect. Pepsi employers 423 people in philadelphia. And we spoke to soda Union Treasurer danny grace by phone eventually this will catch up with us that the loss in sales, you know, dictates loss in jobs. The company evidently feels that you no longer sustain the losses that they are getting. Reporter numbers out just last week show that the tax raised 5. 7 milliondollar in jana loan, and that is more than twice the original projection. Mayor jim kenney was not available for on camera interview but spokeswoman said in a statement that the soda industry sunk to a new low, they are literally holding hostage the jobs
Today. The latest on Eyewitness News starting at 5 00. Also word this noon that the pennsylvania based Chocolate Company hershey is about to layoff about 2700 workers, now, most of the cuts will impact employees outside of the united state. The candy maker says the cuts are part of a plan to boost it international business. Hershey operates eight factories outside of the united states, employs more than 16,000 employees worldwide. Also, this noon, the destruction goes on for miles. Deadly tornados pounds parts of the country, homes are left completely demolished. And that same storm system is coming this way. Storm scan3, tracking what may become a very stormy day here in the philadelphia area. March is certainly coming in like a lion. And in just matter of hours, the thunderstorms will roll through our, through the storm, katie tracking the storms. Whats the latest . The latest just waiting at this point, right . We had some rain rolled through even few embedded thunderstorms in place