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
House Economic Advisor larry kudlow someone we know and love worked here a long time. Saying that the u. S. And china are getting close to an agreement. He described the talks being very constructive in his words saying the mood music is very nice that has not always been so in these things. He sded that the president is not ready to sign the deal just yet. Also getting word in china, vice premier lu will be holding principal level calls today we are up 60 points about all it is worth, i would say. Right now, hong kong confirming overnight that they have plunged into the first recession in a decade. That marks the second straight quarterly decline. The Financial Hub has been suffering from violent protests, the u. S. china trade war the week of rage continues to boil over. Well get over to matt bradley for more on that andrew, yes you are right. This has been six months of protests this started with the extra diction bill that started over the summer that has been drawn. You can see un
Official and we are on record high watch today. The s p seven points above an alltime closing high and the nasdaq trading in record territory as well today. Joining us for the hour is stephanie link from atiaa company. The market moved higher in the morning and weve sat there all day, upward bias because u. S. China trade headlines we have three reasons the deals that you mentioned early on, theyre positive for shareholder Value Creation but more positive in my mind because the ceos are showing they have confidence and they have visibility in spite of the trade tensions which to me is a very powerful statement thats one of the reasons for sure one area thats not getting a lot of attention, the german Business Confidence ticked up month over month its not back to july levels, i get it, but theyre making progress, right . And then of course the china talking about ip theft and being more friendly, more positive gesture. Who knows how thats going to turn out but those are the three reason
Out the procedure by which the investigations current wily underway are to move forward. The president and his allies called it a sham, comparing it to sovietstyle justice that is unfair to mr. Trump and not consistent with impeachment probes of the past. The president tweeted after the vote the greatest witch hunt in american history. Weve heard that once or twice before. Meantime, democrats continue taking depositions including the first from a person who was actually listening in on the phone call that put the whole impeachment probe in motion, Lieutenant Colonel alexander vinman. He said the transcript of that call released by the white house had some important edits in it. Republicans, however, say none of the edits were senate. The were significant. The person who could bring the most tension is former National Security adviser john bolton who exited the administration in september after repeated clashes with the president over foreign policy, including crew crane. The Panel Anno
Minute right now what we really want to do is talk about the hp xerox. Did we move that up well talk about that now because hp board unanimously rejected that bid from xerox to take over that company its weird it was like a reverse pacman a much Smaller Company buying a much bigger one. 22 a share is not in the best interest of its shareholders and undervalue hp. Letter to xerox ceo they sited the potential impact of outsized debt levels at the combined companys stock. They left the door open with the possibility of acquiring xerox. Looks like it would be a good deal but well take over you it was strange either way combined company same debt . Potentially it was odd when i was reading through the letters. Xerox saying they lined up what they thought could be financing that citi group could eventually get for them that seem like a couple stretches. We havent got the highly confident letter from the drexel days from citi on that. In the meantime, new this morning, fedex ceo fred smith is