States of emergency along the southeastern sea board with florida, georgia and the carolinas are null the strike zone all in the strike zone. We will have the latest forecast and we will speak with North Carolina governor roy cooper about the preparations underway in his state. But first, police now looking into a motive for a deadly mass shooting in west texas. They say a gunman opened fire on officers during a traffic stop on an interstate, i20 near midland then took offshooting at people randomly from his car as he made his way west to odessa even carjacking a u. S. Postal vehicle, killing at least four people and wounding at least 20 before Police Killed him in a shootout. We will hear from the Texas Attorney general in a minute. We begin with correspondent mike tobin in odessa, texas. Good morning, mike. Good morning, mike. The latest update from police is that of the five people who died out here, one of them was the gunman. Four of them were victims of the gunman. All started wi
Maria i love your work, because you really look at policy and try to understand what policy tells us about the broader story, economy and investing today. Lets talk about one of the more important policies, and that is china. Yes. Maria we are waiting to see what happens with the two countries. We know that the u. S. Has these seven sins that they say china does, and i dont know if the president can do a deal if the chinese do not agree to stop stealing intellectual property, force transfer of technology, what do you see happening . I think something happened in the month of april, and i think they started to believe that trump was vulnerable in his reelection. And the china interference in this election is going to be far greater than anything russia did in 206. So what they do is they dont want to see the president get reelected. They think they can wait him out, and thats creating escalating trade tensions. The u. S. Has proposed tariffs going into effect on september 1st, now were
Press secretary America First sean spicer, payroll tax cut exploration and the mayor of el paso, texas demargo to talk immigration. Preview of trust open which begins tonight with the opening the opening party, you dont want to miss a moment of it so do join us. Breaking news, home depot is out, Ashley Webster with the numbers, ashley. Ashley good morning to you, match, earnings per share coming at 3. 17, that beats the estimate of 3. 08, revenue touch short, coming in at 30. 84 billion, estimate 30. 9 billion, samestore sales up 3 , u. S. Same store sales up 3. 1 , lumbar prices are affected declined significantly compared to last year for home depot, impacted the sales growth, approximately 3. 1 from fiscal 2018, Sales Guidance for the lumber price, so the cheaper lumbar is helping the numbers for you, those are the headlines for you, they have said before, maria that the tariffs, if they continue in the current form could cost them, home depot about a billion dollars each year, that
Hilsenrath. No, no. Never. Also on deck this morning fox news senior strategic analyst and retired four star general jack keane, at the bottom of the hour talking about iran, pesm congressman member of the house of judiciary commit yes and services committee, former toysrus, former vice chairman, gary on china and consumer, Fat Brands International chairman ed ramsey is here. Saturday night live alumni talking about eddy murphy, right now checking on futures this morning, losses slight on the dow futures down 7 points after major turnaround in the markets yesterday as cooler heads, calmer heads prevailing in the trade fight between United States and china yesterday. President trump softening his stance toward china after announcing new heightened tariffs on friday saying yesterday at g7 saying he sees a trade deal happening. China wants to mick a deal, now, whether we make a deal, has to be great deal for us you know, i tell this to president xi who i really respect, i said, look, your
James freeman. Much made of the inversion of the yield curve between twoyear yield on the treasury and the 10year, but what do you make of the markets right now . Well, we had really a trifecta, the poor numbers out of china with Industrial Production worst numbers in 17 years. We had a poor number for germany, gdp negative, second time in four quarters, fourth largest economy, the Worlds Largest economy in europe, of course, the inversion of the 2s to 10s that weve all been waiting on. We have seen other parts invert. This is the one recognized being symbolic for, predictor of possible recession and i think that most of the reaction was about. But as we look at the numbers and relative, mixed Economic Data, unemployment is still low, wage gains are still there, i think yesterday was reaction to a lot of scary data that came in, but we are still positive about the markets and we think that weve got some runway head here. Dagen lindsey to that point, the 10year yield closed 1. 596 . I w