The hard earned dollars. This is facebook could facebook be broken up by government shares down on the threat of government action. All that ahead but beginning with the headline sending stocks to new records. The United States and mcagreed in principle to phase 1 of a trade deal Kayla Tausche live at the white house all day. Breaking news all day long and joining us now with the late breaking details kayla. Waiting official word from the white house and the u. S. Trade representative on a limited agreement between the u. S. And china that would see tariffs on sunday delayed or cancelled and would potentially roll back some earlier tariffs or cut the tariff levels from previous rounds. The wall street journal and bloomberg both reporting that President Trump has signed off on this agreement that was presented to him by miss top trade and economic advisers earlier today. The meeting that the president held was for roughly an hour in the oval office. And at one point he was joined by ceo
The debt bomb threat returns. Thats the push and pull for investors good for stocks trillion dollar deficits higher Interest Rates thats bad. Hence, volatility politics u susan rice she of benghazi wrote a memo to herself for the very moment of Trump Inauguration in it she insisted twice that at a secret meeting president obama had had laid down the law to the the fbi. They must investigate russian medaling by the book. He was not asking about initiating or instructing anything. He was completely removed from the fbi probe. His hands were entirely clean. Two republican senators pownsd the memo odd as they call it. Yes, we have a big show for you today stay there please. A terrific olympic story for you. Varney company is about to begin. [laughter] oh, you have to love this. The u. S. Wins another gold at the olympics and this is a really special one. Khloe kim 17 year old a near perfect run in the snowboarding half pipe she was way with out in front of everybody. By the way, she had qu
Sixweek high here. And oil below 44. Our road map begins with the markets and a pause in the post election rally. Plus, were going to get numbers from alibaba on its biggest sales day of the year. And well also have a live interview with its president. Skb disney, the stock volatile after earnings and revenue miss, higher right now. Were going to dive into those numbers. First up, one day after the dow hit the new alltime high, the fed also in focus at a banking conference in chile. Fies chairman Stanley Fischer calling the case for a rate hike quite strong saying the fed is, quote, reasonably close to achieving its employment and inflation goals. No real direct comment, jim, on the election per se, but nudging further along the argument hes made for a long time. Given the run in the j. P. Morgan and bank of america stocks, thank heavens he said that. I mean, this thing a lot of this rally involves again today with the treasuries. People are just saying, okay, look, weve been waiting f