More on big market movers. Here is what is new at this hour. Melissa at the white house President Trump set to sign two pieces of legislation following a visit from a very special guest earlier today. We will bring all of the breaking headlines from the president. Plus, the maralago intruder in court just moments ago. Sentencing for the Chinese Business women, convicted of trespassing at President Trumps resort, one day before the president heads to florida for thanksgiving. One entrepreneurs fight to preserve her brand. Meet the Small Business owner who has taken on target. Wow. Ashley that is a big foe, is it not . We have fox Business Team coverage of course. Blake burman at the white house. Jackie deangelis on floor of the new york stock exchange. Edward lawrence following the trade talks from washington. Susan li live in the newsroom. We begin with Edward Lawrence on trade. Edward . Reporter ashley, the chinese announcing within the last 24 hours, new protections for intellectual
Heres the jargon, the yield curve inversion. This is fed day and a very big day. In advance of the official word on rates, stocks have been all over the place this morning, up and down, moment to moment. Right now we are looking like a loss of maybe 112 points for the dow and down 45 on the nasdaq. This is whats hitting the market, china. China says it will impose 5 to 10 tariffs on 75 billion worth of u. S. Goods. That is obviously a negative for china trade. Its escalation and therefore, bad for the market. Elsewhere, later today, the president leaves for france for the g7 summit. Interest rates and trade will surely come up there. They are gearing up for more big protests in hong kong. Were on it. And just wait until you hear what larry kudlow says about tax cuts. Lets get going. Varney company is about to begin. Weve negotiated with them, weve tried to move the football. They have backed away and we have taken measures through all of that time, weve had a very strong economy, weve
Some companies are saying thats bad for american business. And red gerard the youngest olympic snowboard champion ever comes to studio 57. The 17yearold Gold Medalist will talk about that historic win wearing his roommates jacket. But we begin this morning with a look at todays eye opener, your world in 90 seconds. Are you Nikolas Jacob cruz . Yes, i am. He showed multiple warning signs. We are hurting and hurting back. President trump, we need action. These kids need this now. Authorities in Washington State arrested a high schooler after a grandmother found plans for his attack on a high school. Four immigration bills including one backed by President Trump. Steve bannon refused to answer some questions from the House Intelligence Committee as part of its russian probe. It will be our recommendation to our leadership that we initiate contempt proceedings. In western new york a Train Derailment that caused a big fuel spill. The cause is under investigation. All that he becomes the fir
And in our more Perfect Union series, a pair of texas Furniture Stores opened for people who need food and shelter. The owner says we have got to give people hope. But we begin this morning with a look at todays eye opener, your world in 90 seconds. The First Responders are so busy. 911 calls are not being answered. The situation in port arthur continues to be dire. Tropical storm harvey makes a second landfall overnight. Unless youre in imminent danger, youre just going t have to figure out a way to deal with it. Torrential rains all through the overnight hours. Were seeing catastrophic flooding again in texas this morning. The recordbreaking rainfall that flooded houston is expected to wind down today. Rescues continue, the need in this region is only growing. Thousands who fled harvey are jammed together at double capacity. There has never been anything so expensive in our countrys history. Theres never been anything so historic in terms of damage. The president spent the day in tex
I was elected to represent the citizens of pittsburgh, not paris. The president withdraws from the Paris Climate Accord. The president s made a decision to fulfill his word to the american people. This is a huge destructive blow to american leadership. What paris represents is a bad deal for this country. The average household earning would drop by 20,000. Stop. No. Stop throwing out fake statistics like this. Stop. You cant tell me to stop. The Senate Intelligence committee announced that fired fbi director james comey will testify next thursday. The philippines, a massive gunman stormed a hotel and casino sending people running for their lives. We are trying to ascertain why somebody would be so senseless. Curry, deep three. Puts it in. As the Golden State Warriors remain perfect. The Childrens Party took a terrifying turn. Freak winds blow a bounce house into the air with children inside. All that. That is correct. Congratulations. The Scripps National spell bee, a clash of titans.