We begin with a teching wreck on wall street. The fang stocks stumbling, all posting big big losses the past few days is this fangfree fall taking down the Broader Market tim . Some cht frank free fall is something i think we saw three to six months ago. Clearly with the regulatory headlines on doj in june big moves facebook and google have had a tough time getting out of their own way amazon got back up to alltime high has not exceeded that ill let the chartist tack about that but when you think about the market for the last month and four or five months yes we saw the interesting rotation into cyclical stuff a month aigt. But really the defensive rotation is something thats been alive and well for plshl six to nine months as evidence by utilities thats an environment you cant see fangout perform and the multiples caught up to the stocks i know the multiple on google. Not so much. I know the multiple on facebook, not so much. But i think again you have regulatory pressures on top of v
The g20 with washington agreeing to not impose any new tariffs and will let American Companies sell hightech equipment to Chinese Telecom giant huawei, beijing would buy more American Farm products, President Trump commenting on his meeting with chinese president xi jinping yesterday. President xi and i had a fantastic meeting, great meeting, we get along and we also have a really, really Good Relationship and he wants to see something happen and so would i and i think theres a really good chance of that happening, we had a great meeting. Dagen joining me now Senior Research fellow dean chang, good to see you, dean, what the u. S. Is giving and the china is giving is to get trade negotiations going back on track, where do you see whats going from here . Frankly i dont think we will see much progress the markets are hoping for, the reality is that the core problem, that of chinese lack of respect in stealing of intellectual property hasnt changed, hasnt really been addressed yet and its
The death of a young black man stopped by police in colorado. Well take a closer look at what happened to Elijah Mcclain. Good morning to you. Its sunday, june 28th. Im alex witt. The coronavirus pandemic. The number of confirmed cases across the globe surpassing 10 million, according to Johns Hopkins. The u. S. Set a troubling record with the highest singleday increase in cases. Nearly 46,000 new cases were reported. Florida, south carolina, georgia, nevada all setting records for new infections. Vice president mike pence cancelled Campaign Events in arizona and florida this week out of an abundance of caution. Pence will still travel to those states to meet with governors and Health Officials. Texas shutting down parts of its economy now for a second time as the number of daily cases hits a record high there. One texas congressman telling me yesterday Governor Greg Abbott is to blame for the surge. It didnt have to happen this way. The governor was warned months ago that we were faci
Good evening. Im Chris Matthews in washington. We begin tonight with two big developments from two critical witnesses in the Robert Mueller investigation. First there is President Trumps former fixer Michael Cohen. A man who once said he would take a bullet for Donald Trumps speaking out. This time he says for the country. In his first interview since being sentenced to three years in federal prison cohen told abc news trump was aware of hush money payment made to Karen Mcdougal and Stormy Daniels and he personally directed those payments. He directed me to make the payments. He directed me to become involved in these matters. Including the one with mcdougal which is really between him and david pecker and then david peckers counsel. I just reviewed the documents in order to protect him. I gave loyalty to someone who truthfully does not deserve loyalty. He was trying to hide what you were doing, correct . Correct. And he knew it was wrong . Of course. And he was doing that to help his
Wednesday. Earlier the white house President Trump railed against the charges calling the impeachme impeachment process a scam. The people are absolutely disgusted. Nobody ever seen anything like this. I watched yesterday and i got to see quite a bit yesterday and i watched these democrats or committees made fools of themselves. Absolutely fools of themselves. I saw them quoting all the time incorrectly. They kept on saying me, it was not about me. It was about us. The word was us. They would kept on saying me instead of us. Can you do us a favor . Joining me now from capitol hill, garret haake and from the white house, hans nichols. Hans, tell me where things go now. What does it means of these two articles of Impeachment Voted by the committee. Well see the senate goes for a full floor and afterwards, how the white house responds. We got a little bit of a hint on that from the president earlier today saying that he has not made up his mind on whether or not they want a long or short