A possible military option if necessary on the home front from promised a new level of protectionism against mexico and china but the usa is increasingly buying more foreign goods and producing less of its own the trade deficit with mexico is up by eleven percent the trade deficit with china is up by seven percent unemployment is low but so are wages there is record amounts of Household Debt in the United States right now and Retail Stores are closing across the country and heres one thing that didnt change between trump and previous administrations during the election trump talked about Getting Along Better with russia and his detractors called him a kremlin puppet but now one year later things which we washington and moscow are about the same as they were before bad their action by the. Congress to put these sanctions in place from the way they do thats the decision they made that made it a very overwhelming way. To accept we may be at an all time low and. Terms of relationship with
Crude rollover continued a little bit as the dollar trends higher. David at 10 00 this morning eastern time, President Trump will speak at the conservative Political Action conference outside washington. At 10 15, new yorks William Dudley and Eric Rosengren appeared together in new york here it the fed releases its semiannual policy report to congress. At 12 30, President Trump goes back to the white house to meet with australian Prime Minister malcolm turnbull. Alix we discussed the top three stories of the morning. A 315 billion china blowup. Higher wages may not lead to higher inflation . Where is the inflation in japan . David we are going to welcome Lisa Abramowicz and michael mckee. I heard when they bought the waldorfastoria. This shows some of the places where they made investments around the world. This came from nowhere, for me, and grew really big. Now the Chinese Government is saying, not so fast. So manyis raises issues, especially after what we have seen with hna, another
Approaching the commodor barry bridge. One minute ago the left lane is getting by the accident scene of of we have fluids on the roads. Were seeing the backlog coming down from ridley park through this point. Lets go to the next camera shot, this is the shot were watching with the with all the southbound lanes blocked now the left lane is getting by toward the delaware state line. If you want to avoid the backlog stay on 13 or 295 or farther to the north on baltimore avenue pike route 1 the media bypass is another alternate. We have situation in king of prussia overturned tractortrailer, carrying trash the trash spilled out from the ramp from the schuylkill expressway on to 202 the southbound lanes below. So 202 is closed coming south of the king of prussia mall. You can see the police blocking the southbound lanes and the ramp remains blocked, as well. Sewell youll see delays on 202 and the schuylkill expressway westbound. If youre coming west on the schuylkill expressway jump on 476
Hey, blake. Reporter neil, full Cabinet Meeting at the white house on going. Several members of media were allowed in. President made very brief comments off the top. Let me tick through some of the items. The president says the iran deal, termination of the iran deal is very real possibility. He went on to hit the cost of Prescription Drug prices saying they are quote, out of control. Saying that the Drug Companies, quote, are frankly getting away with murder. He talked about reducing government spending. Of the wants to look into the possibility of tackling welfare reform as well, saying that is something, quote, we are looking very, very strongly there for at welfare reform. You have the meeting going on right now with the president. All of his cabinet, here at the white house. We expect that tape to come out. Im sure you will play it here momentarily. After that, in about half an hour from now, is the big powwow as well, separate one, between the president , and Vice President mike
The week. The financials helped lead the way and the market may have been even higher if not for health care stocks. Well have more on that in just a moment. But first heres a look at the record cloe. The Dow Jones Industrial ave gained 85 points to 22,956. The nasdaq added 18, s p 500 was up with the dow on the verge of 23,000, the next big test for stocks is earnings. Sema mody is at the new york stock exchange. Reporter investors rally for earnings. Earnings season is about to kick into high gear with 55 s p 500 Companies Reporting this week. Thats 11 of the index. Expectations are high. Wall street is estimating an average 4 jump in profits from companie financials, the likely stealing the spotlight with Goldman Sachs and Morgan Stanley reporting on tuesday with Interest Rates on the rise, banking analysts are predicting a pickup in lending activity. Other important names on the earnings calendar is ibm which reports on tuesday, and general elec on friday. Investors will pay close