And fbn a. M. Starts right now. Im just say its fine by he me. If you never leave. And we can live like this forever. Its fine by me. In the past i would try, try hard to commit to a girl. Lauren beautiful shot of the Christmas Lights in new york city. Welcome to fbn a. M. Im lauren simonetti. Cheryl the fox red, white and blue tree is on fox square. Im cheryl casone. Lauren dow is down 25, nasdaq is unchanged. Cheryl lets take a look at asian markets. The pushback of the tariffs on 165 billion in chai chinese gos which is supposed to hit sunday, may give investors something to cheer about. Lauren the ftse is down 25 points, the tax i dax dax isp 12. Cheryl President Trump rallied thousands of supporters in pennsylvania last night, touting the usmca deal, while ripping into democrats over the articles of impeachment announced earlier in the day. Lauren Griff Jenkins is in washington with more. Griff, good morning. Reporter good morning, lauren and cheryl. What a truly remarkable day in
Vote on a measure that prohibits the e. P. A. From issuing waivers that would ban new sales of gasolinepowered vehicles. Off the floor Republican Leaders are considering how to bring spending bills to the floor. After they pulled the Defense Department funding measure yesterday because of a lack of support from conservatives. Find live coverage of the house here on cspan. Joining us froml hill is congressman ralph norman, republican of south carolina, a member of the conservative Freedom Congress caucus group. It sounds like the members of the Freedom Caucus rejected a plan by the speaker to move forward on a continuum resolution and bundle a socalled committee with spending bills on the floor. Can you walk us through what the speaker offered and if you oppose it or support it . Guest it is a sad day when way at the last minute are coming up and weve got seven days left in the legislative session to be dealing with a budget and Appropriations Bills that should have been done with a mon
Isnt perfect a lot of things i wished for, lawmakers didnt bother to close all the fat cat loopholes, you know what . Im not surprised. Because these private equity guys are donates big bucks to lawmakers so washington wont go after them. Look how much money is at stake and how much both sides are getting from the fat cat donors effectively buying themselves a tax cut. That said there are a lot of good things. You know that Corporate Taxes lower. Means good things for the markets. New developments on a story weve been following closely on the intelligence report. Highly questionable uranium one deal. Attorney general Jeff Sessions is reviving a fbi investigation into Hillary Clintons ties to this deal and we have got the intel. First to connell mcshane, standing outside of a wells fargo bank, one Company Giving back to its employees because of tax reform. Connell, i love it reporter interesting, trish, because the corporate rate coming down from 35 to 21 that is really centerpiece, you
If the extraordinary measures that the secretary treasury is currently using, basically, accounting maneuvers to give us a little bit more time run out, we wont be able to pay all the nations bills on time and we have a bipartisan policy that will happen sometime in early to mid october so were getting close to the point where those maneuvers will be exhausted and some bills will not be paid. We would default. We would default on some of our obligations. And then what would happen . People expecting payments from the federal government, Social Security beneficiaries, providers of medicaid or medicare, civil servants, our military forces, some people who are expecting payments and close to 100 million of these on a monthly basis would not receive their checks. The president said lets agree with disagreemeemocrats. Lets raise the ceiling for three months. What does that do for the problem . Theres an agreement as of yesterday, yet to be seen how that will be handled through the legislati
Across puerto rico. This is without a doubt the most dangerous storm in our generation. It is possibly the most dangerous storm in a century. The very latest coming up on the hurricanes path and the devastation and how it will affect finances of the already struggling island of puerto rico. Futures indicate the markets are open fractionally. Very much a fractional day here, very much break even. We will see a News Conference in comments from chair janet yellen at 2 15 p. M. Eastern. No change in Interest Rates expect it. We are waiting on the details of the Federal Reserves plans to unwind the trillion dollars Balance Sheet. In europe, indices this morning at around breakeven. The dax is lower. Asia overnight markets were mostly higher. Look at the close again. Fractional moves here shanghai and hang seng in hong kong and china up a quarter of a percent. President trump with World Leaders in new york including the king of jordan british Prime Minister theresa may after the commanderinc