So the market likes that part of it. As i said, were waiting for President Trump. He is speaking with reporters right now. We should have play back of the comments any moment as we start the hour with blake burman on the president. Some of the comments, im looking at headlines around the building where youre standing, comments on taxes interesting. President as usual making a lot of news. Bring us up to speed. Reporter the president you remember yesterday, connell, he gave idea, would endorse the idea of indexing Capital Capital gains that would be a tax cut for the wealthy. Were hearing President Trump might not be supportive of it. On the south lawn as the president is leaving right now, he just told reporters quote im not looking to do indexing. It is perceived as somewhat elitist. He want tax cuts for middle class, people who work so hard. Indexing is better for upper income groups. Connell, tough to figure out where the president and this white house lan on tax cuts. Just yesterda
We have fox Team Coverage. Jackie deangelis at New York Stock Exchange and phil flynn at the cme. We begin with edward at the white house . Reporter ashley, bad news upon bad news when it comes to a trade deal with china. Chinese commerce spokesperson confirming that china will no longer buy u. S. Agriculture Going Forward until further notice. The chinese spokesperson saying that china is looking at rolling back the roll back of tariffs they were planning on suspending tariffs of u. S. Agriculture coming into china there. Theyre now looking at suspending the suspension of that. Now private firms are also following suit. Theyre also not buying u. S. Agriculture in china. A spokesperson going on to say that the market, this affected the market later in the session. Earlier in the session, here is what affected the market. The day started off with reports of chinese currency falling below seven to one mark against the dollar. The currency fall would set off additional 10 tariffs or offse
U. S. Energy dominance in an appearance he made in pennsylvania. He said to make his way back now to bedminster, new jersey. Well follow him and any breaking headlines. Edward lawrence is at the white house for us. Jackie deangelis on the floor at the New York Stock Exchange, and phil flynn watching oil and gold at the cme but with the tariff news, edward, we start with you. Reporter u. S. Trade representative Robert Lighthizer announcing today they will delay some tariffs until december 15th, on some items based on health, security, and national security. They also, those items are on a list of 21 pages right here. Yes, it does include underpants in those items. One of the big once, cell phones, laptop computers, toys and clothing, including footwear. All of those tariffs delayed until after the Holiday Season basically for buying. The tariffs are not going away, just delayed on other select items. Another 122 page list shows will be under tariff that will happen on september 1st. Tha
From the Administration Last week. You period potus, President Trump, they could wait until after 2020, to possibly sign a deal with the u. S. Larry kudlow says dont expect any grand bargain this week. The first facetoface with the g20. Robert lighthizer along with steve much, treasury secretary. They are in shanghai and talking to their opponents on the chinese side. What is expected theyre looking to get tax back to where they were at the end of may, before all of this broke down. And four areas of discussion including huawei. Right now we have a general reprieve for huawei. 90 days at least for all u. S. Companies that supply to huawei. I guess well get more details on that, trying to buying up more u. S. Agriculture, namely in soybeans. Intellectual property protection, a lot of u. S. Companies are calling for. Ending china state subsidies. That will be dependent in terms of how far china is willing to go. How far the u. S. Is willing to go. We do have u. S. Trade goods from china.
Heres lucy bronze what a goal pride of england the lionesses reach the world cup semi finals with a 3 0 win over norway its coming home. This was the scene at glastonbury where festival goers watched the match on the big screens demolished an explosive end of the remains of the bridge in genoa which collapsed last year, killing 43 people good morning and welcome to the bbc news at 9. Theresa may will demand justice for the victims of the salisbury nerve agent attack during a meeting which is getting underway with Vladimir Putin at the 620 summit injapan. In an interview with the Financial Times, the russian president has downplayed the poisoning and said he believed the uk was interested in fully restoring relations with the kremlin. The Prime Minister has been speaking to our deputy political editorjohn pienaar. We saw an innocent british citizen die as a result of the use of this nerve agent. Weve been clear. Weve set out the evidence. Charges have been laid against two russian indiv