David they are hitting the young here. They know it appeals to the young. It has great appeal to people under 18. They are starting early. They want to get their hooks in right at the beginning of their experience using the internet. There is a real continues between United States democracies and china. In the United States ticktock is fun. My daughter enjoys it. But in china ticktock is about war. David you dont want to keep your daughter off of it . I tried to talk to her by the, but i need some help. David lets switch to Solomon Islands. Even those federal government of the solomon side is trying to prevent the deal of the china takeover of one of them. This is the modus operandi china works in third world regions where they go in, find some institution or some government local or federal, try to bribe it, then make a plant there and use it as a military base if necessary. Am i right on that . Absolutely. These deals were revealed right after the Solomon Islands changed its delibera
Greatest economy in the history of our country, the highest stock market, the highest employment and unemployment numbers. We have close to 60 Million People working. We have never been close. Africanamerican unemployment hit a number nobody thought was even possible. The numbers are so good. David we turn to Edward Lawrence in washington for the latest. Reporter 128,000 jobs created, beating expectations. The Unemployment Rate ticked up to 3. 6 , but within breathing distance of the 50year low. Whats important in these numbers is the revision. It shows the fundamentals of the economy still strong. The numbers were revised up, not down. 95,000 jobs up. White house Economic Advisor larry kudlow helping the administration do a victory lap with all of this. The president saying the stock mark it up big. The u. S. Trade keptive Robert Lighthizer and treasury secretary Steven Mnuchin talked by phone with the chinese vice premier. The white house released a statement saying the call was cons
President trump you have the greatest economy in the history of our country, the highest stock market, the highest employment and unemployment numbers. We have close to 60 Million People working. We have never been close. Africanamerican unemployment hit a number nobody thought was even possible. The numbers are so good. David we turn to Edward Lawrence in washington for the latest. Reporter 128,000 jobs created, beating expectations. The Unemployment Rate ticked up to 3. 6 , but within breathing distance of the 50year low. Whats important in these numbers is the revision. It shows the fundamentals of the economy still strong. The numbers were revised up, not down. 95,000 jobs up. White house Economic Advisor larry kudlow helping the administration do a victory lap with all of this. The president saying the stock mark it up big. The u. S. Trade keptive Robert Lighthizer and treasury secretary Steven Mnuchin talked by phone with the chinese vice premier. The white house released a state
On the economy. Much potential for growth, trade deals be negotiated or set up for negotiation, we have been treated very unfairly to put it mildly via other countries for many years but that is changing. We heard that they are speaking this afternoon so where do you treat talk stan this afternoon . Lets say the new round of trade talks that were agreed upon in osaka, japan, these are preliminary discussions. Staffs will be meeting, details will be poured over, probably visitations will be arraigned. I am not here to talk about any specifics, i am just saying this is the restarting of the process that was going pretty well with a lot of headway as you know. And then kind of stomped out in may when we believe china and their team reneged on an agreement. So they are restarting. Thats a good thing, kudlow said its better to talk that not to talk. I was getting the sense that may be as new news that goes against that idea that the chinese were waiting as long as they could to see how the
That is insane. Back to the selloff. Stocks tumbling into the close. All but two of the dow 30 into the read. Worst performers, home depot, microsoft, cocacola. Not the same story for energy. We have you covered on both fronts. With phil flynn price futures group. We will tell you close off worst levels of session, but were still down 182 points on the dow. Dow and s p are down four out of last five trading sessions. Nasdaq composite index for its part was down as well. Looks like a fiveweek, biggest drop in five weeks for the nasdaq. I believe for s p as well. There are the stats. Volume was 12 below average one month. Yesterdays rally, volume even weaker. Cant look for call on conviction. Tone was set first thing this morning with the Consumer Price index. Coming out showing fastest monthly increase in three years. Inflation perhaps. That is supportive of case of fed Interest Rate hike. That followed by a parade of fed speak today, with most fed officials voting and nonvoting essenti