Deutsche bank, jpmorgan chase, Standard Charter among the banking giants talking a brutal hit as an Investigative Reporter alleges they all laundered trillions of dollars for terrorists, oligarchs and drug kingpuns. This is great kingpins. This as the death of Justice Ginsburg throws a wrench into the 2020 race. Could it interrupt passage of new stimulus money that desperate americans and Small Businesses are waiting for . Mark the numbers, Dow Jones Industrials at its low was down 942 points, right now were down 743. The s p at this moment down 70. The nasdaq sinking deeper into correction territory, down 131 points. All right. The s p, by the way, or got close but no cigar to correction territory. I know my bull watchers out there are pretty happy about that. Weve got team fox business coverage to tackle it all. Dick boy say on bovey, phil flynn on the surprise sectors popping and blake burman at the white house on the stimulus prospects and the search for Ruth Bader Ginsburgs replac
Geostrategic challenge with the rise of china poses for the United States, not just today but in the future. The communist party led people were public of china through unfair trade practices, intellectual property theft, market manipulation and very prominently, in my view, nonreciprocal treatment, not just in the economic round but in many realms i has been a fore in the Global Economy that undercuts the resiliency and strength of the u. S. Economy. China has been one of the worlds fastestgrowing economies averaging close to 10 growth from 19792015. In 2014 china overtook the United States ass the Worlds Largest economy purchasing power parity basis according to the International Monetary fund. I believe that there is a strong eipartisan interest hopefully we will see that today in establishing a longterm economic United States strategy with our allies that focuses on reciprocity, intellectual property theft, and ultimately, from the United States perspective out competing the chines
Good morning. This hearing will now come to order. I am pleased to welcome our distinguished panels of Witnesses Today on the economic subcommittee focusing on a very important topic and i think theres a lot of bipartisan interest in and that is the economic geostrategic challenge with the rise of china poses for the United States not just today but in the future. The calmness party led peoples republic of china through unfair treatment practices and intellectual property theft market manipulation and very prominently in my view not reciprocal treatment not just in the economic realm but in many realms has been a force in the Global Economy that undercuts the resiliency of the u. S. Economy. Its been one of the worlds fastestgrowing economies averaging close to 10 growth from 1979 to 2015. In 2014 china overtook the United States as the Worlds Largest country in reducing power according to the International Monetary fund. I believe there is a strong bipartisan interest and hopefully we
Hill. Where should your portfolio be positioned . Meantime commodities remain on fire. So what is the message for business, the economy and inflation. Weve got all the angles covered. Shares of kodak, yes, kodak, tripling after signing a deal with the federal government. Wait until you hear what its for. Consumer expectations plunge as more americans lose faith in the recovery. Big concerns whether washington comes through with more federal help. I will ask guy reschenthaler from pennsylvania if they will do just that. That and much more on making money. Charles so stocks sort ever sputtering today, right . But we did get a slew of earnings reports. The message to me, it is pretty clear for investors. Companies are profiting off the coronavirus lifestyle changes. That is one trend really working. D. R. Horton, sherwinwilliams, polaris soaring after they reported results surpassing wall street expectations. It is thanks to overwhelming amount of people looking at home, redecorating, pai
Hospital the other day, i have the mask right here, i carry it. I will use i had gladly, no problem with it. I said. That i say if you can use the mask, when you can, use the mask reporter and President Donald Trump sending treasury secretary Steve Mnuchin and his chief of staff to the hill today, with a starting point for cares four of one trillion dollars. The hour long meeting with republicans those there say the administration now may be open to giving 25 billion for states for testing. Republicans also want payroll tax relief. 105 billion to reopen schools safely, business Liability Protections and incentives for going back to work. The american job market needs another shot of adrenaline. Senate republicans are laser focused on getting American Workers their jobs back. Reporter mnuchin also met with Senate Majority leader, Senate Minority leader Chuck Schumer as well as nancy pelosi while he was up on capitol hill. Both of them criticized the administration that they came to them