Lunch begins right now. Welcome to power lunch t shares of boeing are the biggest on the dow that stock down more than 12 in two days well have much more on this story later on thank you. We begin with president s frcomm president. Eamon is at the white house with more. Reporter the president was putting an optimistic spin on where things were going with china. He wants democrats to pass it. He calls them the do nothing democrats but if they pass this one, he will give them all the political credit if they do that the president continuing to lobby there. On china what the president said is they are suffering. Their supply chains are going down the tubes Robert Lighthouser spoke in this Cabinet Meeting to say that ultimately he feels they are going to get toured a phase one deal but not until the president and xi jingping meet later this year he says theres still some issues to be worked out. The president continuing to suggest things are going well and he sees the phase two issues as b
Unveiling articles of impeachment against President Biden. Steube laying out four articles of impeachment, abuse of power, obstruction of justice, fraud and financial involvement in drugs and prostitution. He joined maria on this program last week to talk about it. Watch. I personally intend on filing our own impeachment resolution just based on the corruption and bribery information thats been brought forward to the house. Ultimately its up to Speaker Mccarthy who has now opened up, he has said openly that he is looking to that which is certainly more language from him than ive seen previously but i can tell you, there is way more evidence of high crimes and missmisdemeanors we have beforee American People the house has been able to uncover because we have the majority and doing the investigations. It is long past time to start the impeachment process. Cheryl editor in chief John Sullivan joined maria on sunday morning futures saying there is more evidence about the biden familys infl
Thanks very much for joining us this morning. Im maria bartiromo. Hope youre having a good monday morning, its monday, april 29, 7 00 a. M. On the east coast. Time for the hot topic of the hour. President biden taking plenty of jabs a at President Trump and the press during the white house Correspondents Dinner saturday night. Biden called on journalists to quote rise up to the seriousness of the moment and ignore the polls. Watch this. The defeated former president made no secret on his attack on the democracy. Im not asking you to take sides. Im asking you to rise up to the seriousness of the moment. Move past the horse race numbers, the got ya moments and distractions, the side shows, that have come to dominate and oversensationalize our politics, focus on whats actually at stake. I think in your hearts you know whats at stake. Id like to make a toast. To a free press. Maria free press. Free press with direction from the white house, liz. Yeah. Of course he wants them to take sides,
As we first reported on power lunch yesterday, the engineer pioneer died in a car crash in oklahoma yesterday, less than 24 hours after he was indicted on charges of conspireing to rig the price of oil and gas leases. Reuters now reporting the private equity fund emg halted new deals with mcclendon just before his death. Bethany mcclean is a contributing editor at vanity fair and cnbc contributor. We knew aubrey was scheduled to be in court later on that day. And now this. What have you found . Well, this is clearly a guy who was under siege from a lot of quarters and im connecting multiple dots, but you have obviously the indictment by the u. S. Government, and having the weight of the u. S. Government brute force come down on you is not an easy thing to live with. Thats been an investigation ongoing for the last four years. He was clearly starting to have a lot of trouble raising money and keeping his empire together. He tried to raise 2 billion in an ipo for American Energy partners
Shenzhen composite is up more than 100 just this year a doubling. Take a look at that. Is this the place to be for growth or is china becoming a dangerous bubble ready to pop . Well talk to a couple of guests about that. Is this the chinese 1990s right now theyre going through . Plus the return of the cable king himself, john malone behind the 55 57 79 billion charter Time Warner Cable deal could this move drive more companies to merge in that industry . Well be talking about that in a little while. Its amazing. Hes back. He was very patient. He laid back. They made that initial offer for Time Warner Cable a couple years ago and comcast outbid them but now he got it after all. One of the countrys most interesting capitalists. Well have much more on that story coming up. Incredible negotiator. Lets start with where the markets are right now as indicated. The dow is off 240 points today. That puts it back below 18,000. Its also below the 50day moving average which everybody on the floor