Tariffs yet. China and the u. S. Reach a truce and stocks are set to surge at the open we do have those new records within striking distance plus, President Trump easing restrictions on u. S. Companies from selling products to, of course, the Chinese Telecom giant Huawei Semiconductor stocks are rallying sharply ahead of the bell on that news. And oil prices, well, theyre up, this after russia and saudi arabia agree to extend opecs deal to cut Oil Production by another 6 to 9 months. Stocks rising around the globe the s p 500 poised to open at a record high after the u. S. And china agree to resume trade talks. President donald trump offered concessions to his chinese counterpart xi jinping over the weekend, when they met at the sidelines of the g20 summit in japan. They include no new tariffs, and an easing of restrictions on the Huge Technology Telecom Company huawei china did agree to make what are unspecified new purchases of u. S. Farm products and return to the negotiating table.
Rising still posing an alltime high and the nasdaq advancing how is that we could rally so hard much better than this close . Closing figures . On generally good news and then lose our momentum. At one point we were flat lining for advancing the final hour of the day. I think we got dragged down by the very same force that allowed the averages to rocket higher than the first half of this year dow gaining 14 . S p polling 47 and the nasdaq going up 21 and that forced skepticism the market is full of skeptics its full of bears who sometimes masquerade as bulls. And their doubt is the fuel that lets us go higher. Bull markets thrive on disbelief. The moment everyone believes in the bull, the rally is over because there is no one left to buy. Let me explain first this weekend President Trump declared a truce in the trade war with china and i phrase it that way because it was so onesided president xi didnt seem to give up everything but if trump is willing to ratchet down the tensions, im n
Hurricane status. The National Hurricane center said the storm will likely cause catastrophic and lifethreatening flooding in the region. And in parts of the southwest United States through monday. Southern california its already impacting millions of people there. To make matters worse a 5. 1 magnitude earthquake also in Southern California earlier today. As of now there have not been any reports of damage or injuries. In historic rainfall and reports of flooding and Power Outages are already happening in the area. Like you see here in palm springs, california. According to the National Weather service the city has seen 2. 6 inches of rain since midnight in record high for the date. Mexico seen the worst flooding so far in places like santa rosa liana, one person drowned yesterday with his vehicle when it was swept away. Storms expected to be the first Tropical Storm in Southern California and 84 years. Were gonna be following all that for you and bring you updates if we have them thr
Our plan is working. America is coming back. Just put me back in office. Well get it done. Martha President Biden and donald trump clinched their parties nominations as trump makes new inflammatory remarks. Its going to be a blood bath for the country. Martha house intelligence chair mike turner responds, and our conversation with those socalled double haters, voters unhappy with both candidates. I dont think any of us should continue to have this choice of the lesser of two evils. Martha ticking clock. This bill therefore forces tiktok to break up with the Chinese Communist party. Martha the house overwhelmingly passes a bill that could ban tiktok in the u. S. As content creators fight to save it. Members of the house of representatives are so out of touch. Martha whats at stake for National Security and whats next for the wildly popular app. Well ask Silicon Valley congressman ro khanna who opposed the bill. And sharp rebuke. Prime minister netanyahu has lost his way. Martha Senate M
Now. Thank you for joining us. Im ana cabrera in for chris jansing. Disciplined but not disqualified. A Judge Issuing A highly anticipated decision over Misconduct Allegations against fani willis. She can remain on the Election Interference case against former President Trump, but under one major condition. Well break it all down. Plus donald trump is on the offensive. His legal team vowing to fight to end the georgia case, how his Campaign Plans to use his court dates for political gain. And the big question hanging over it all is when will the trials actually take place. The one we thought was set to begin here in manhattan could now be delayed. And this as special counsel jack smith battles to keep his two federal cases on track. This hour we have a team of corespondents and legal experts set to explain where the Time Line Stands for each of these trials. But lets begin with the breaking news out of georgia, judge scott mcafee ruling that fani willis should not be disqualified from