Second day in a row both are down. We have a lot to go through. Fox Business Team coverage, Edward Lawrence at white house, susan li on the floor of the new york stock exchange, phil flynn with action on oil and gold out at cme, edward, with trade, as usual front and center. You. Reporter china is saying the u. S. Is stoking fires with the protests in hong kong. A Chinese Foreign min very spokesperson says, the u. S. Is making various hong kong accusations are wanton, factdistorting inflammatory. Some senior u. S. Politicians and diplomatic officials engaged with antichina rebel rousers in hong kong. The chinese go on this entirely internal chinese affair issue. The chinese hinting a stronger response may be needed in order to maintain order this is exactly what one of the spokespeople said. Hong kong, hong kongs radical demonstrators repeatedly used dangerous tools to attack police officers. Now these already constitute serious Violent Crimes and have begun to show signs of terrorism.
The list and flat screen televisions this will take pressure off retailers ahead of the Christmas Holiday season still other product that will get hit. Only a little pressure. Because in the breakdown that some conducted for the items hit with tariffs on september 1st versus december 15th there are still tens of billions of dollars of foot wear and apparel categories that will be included in september 1st you have Musical Instruments, sporting goods, and a lot of food items that will be hit on september 1st. Musical instruments, is that a big market in the United States chinese made Musical Instruments . I dont know im happy that today youre serious today. It is a big show it is a big show. It is a big show every day thats the part that bothers me sometimes it is not. You say it is. Other times he says i will be honest with you. Im like really . Thats nice. In this one vignette you will be honest youre not always maybe honest but you say its a big show every day. You have backish today
Predicted every last recession weighs in. Now to Edward Lawrence at the white house, on the trade front where things stand. What is going on there . Reporter looks like better than expected numbers coming out of china helping markets today. China says their exports have increased 3. 3 from june to july. Surprise with some with escalating trade tensions. Export numbers deficit from the United States has shrunk 2 billion from june to july. It is still a huge number, look at yeartodate. It is 168. 5 billion yeartodate. Also thursday, Chinas Central Bank made moves signaling future devaluing currency even though today theyre stablizing. Should the currency weaken too much that should cause Asian Countries to cut their Interest Rates even more. White house Economic Advisor Peter Navarro down playing that this morning. Listen. The yuan has gone down 12 . We put on tariffs at 10 . The yuan goes down 12 . Theyre basically trying to offset the effect of the tariffs but it does have ripple effec
I think anthony is really somebody very much out of control. And he doesnt have what it takes. He really doesnt. He wanted to come back into the administration for the last five months, begging me to come back in. Anthony, i cant take you in, im sorry. He is a nervous, knew rottic wreck. He called so much. I said, anthony, im sorry, i cant do that. I cant take you in. And i said you have got to stop all these phone calls. Too many calls, anthony. I wouldnt take his call. Lo and behold now, he is feels differently. But anthony is upset because he wanted certain things. The main thing he wanted was to come back into the administration. As you remember better than i do, he was a disaster for 11 days. Reporter [inaudible]. We have tremendous coming over from asia, china. It is not our plastic. It places tick floating over in the ocean, various oceans from other places. Plastics are fine. You have to know what to do with them. But other countries are not taking care of their plastic use. Th
Charles stocks are rising sharply after u. S. Trade representative said some products are being removed from the china tariff list and other products will actually be delayed until december 15th. Here to break down the numbers, from the white house is Edward Lawrence. Reporter charles, a phone call between the two trade delegations this morning set all of that off. The u. S. Trade Representatives Office said, yes there will be 10 tariffs on basically Everything Else the china i am poverty into the United States with the catch, there are a groupings of items, some 21 pages of items will be exempt from that, or delay the tariffs until december 15th. These are items were talking about. Groups like laptops, cell phones, videogame consoles, toys and some clothing. Were also talking about athletic shoes in the clothing. Nike was very concerned about the round of tariffs. So was under armour. The delay gets them through black friday, most of the Holiday Shopping season. President trump still