The Administration Made a big move on huawei with Edward Lawrence covering it from the white house. Reporter President Trump is not ready to make a deal with china. Every countermove or every move to increase pressure on chinese, are met by countermove by the chinese who have not backed off, or come back to the table, when china had stimulus for its companies and economy, white house announced 90 days for companies to stop selling to huawei. The news heard on mornings with maria. It is another 90 days for the u. S. Telecom companies, some of the rural companies are dependent on huawei. So were giving them a little time to wean themselves off but there are no specific licenses being granted for anything. Okay. Reporter this is relief chinese were looking for, they said u. S. Should allow huawei to continue to do business with u. S. Companies. The they are looking for chinese to reverse course to buy agriculture from the United States. This delay comes as tim cook, the apple ceo, met wit
2018 financial crisis. Are there parallels or is that way overdone . Were on top of all of that. Lets get going. Welcome, everybody, im neil cavuto. Edward lawrence at the white house now with the back and forth on the trade front. Increasing youre hearing from firms like Goldman Sachs, we might not get a deal before the 2020 election, if after that . Reporter looks that way. Both sides digging in. Negotiations with china could start but not over trade but over currency. The Treasury Department labeling the china a currency manipulator. Treasury secretary Steve Mnuchin will work with the International Monetary fund to level the competitive or unfair advantage, level the Playing Field there the treasury, imf acts an intermediary, a forum for the exchange of these conversations between china and the United States. The Treasury Department has a number of suggestions already for china. First they want to lower the trade imbalance with the u. S. Second be more transparent how the exchange r
Thing. The individual mandate would be a great tax cut for the middle class, for Small Businesses and people who have been really hurt lately have been millennials. Theyre young adults, overpaying for health care and on the hook for pensions and the u. S. Debt and state municipal debt. Lets give them a break. David and bruce, according to cbo its going to be good for the debt itself. They say dumping the mandate will save the country 338 billion over ten years. Thats a lot of money. Well, i have no doubt that the idea is to get fewer people covered so they can free up money to give tax cuts for the rich, but i think no, no, no, hold on, hold on. In careness to the cbo. Let me explain how they got the number. The fact is if people are not forced to buy obamacare, fewer people are going to be signing up for subsidies and medicaid. Thats how the cbo came to that number. Go ahead. Okay. So, i would say, you have to have some way, whether its a penalty or in the failed republican repeal and
Neil it would be a cheaper titanic because the corporate rate would slide from 35 to 20 whose right to Charles Payne . Charlie gas and weve got kennedy here along with ben stein and adam leshinsky. Charles payne . Clayton i dont know why he made it either or proposition. Competition drives cost and goods like that but every Company Struggles and looks for the lowest tax domicile. Even amazon is looking for someone to give them 10 billion in tax breaks, lower taxes dont mean anything to Corporate America or the bottom line and to the economy. Neil and obviously companies rich with this stuff. I mean, apple comes to mind. They certainly seek out low taxes. Listen i like mark cuban, nice guy. Its funny that he earned his billions or billion or whatever hes worth 2 billion and now he wants to deprive other people of potentially earning a billion by listen, the bottom line is this. Innovation does occur no matter what the tax code is like generally, as long as we have a generally free marke
Titanic because the corporate rate would slide from 35 to 20 whose right to Charles Payne . Charlie gas and weve got kennedy here along with ben stein and adam leshinsky. Charles payne . Clayton i dont know why he made it either or proposition. Competition drives cost and goods like that but every Company Struggles and looks for the lowest tax domicile. Even amazon is looking for someone to give them 10 billion in tax breaks, lower taxes dont mean anything to Corporate America or the bottom line and to the economy. Neil and obviously companies rich with this stuff. I mean, apple comes to mind. They certainly seek out low taxes. Listen i like mark cuban, nice guy. Its funny that he earned his billions or billion or whatever hes worth 2 billion and now he wants to deprive other people of potentially earning a billion by listen, the bottom line is this. Innovation does occur no matter what the tax code is like generally, as long as we have a generally free market but youve got to look at