Pulled off in germany. But first, a possible thanksgiving truce on trade. The two deals on the table are moving closer to resolutions. As you can see the markets are happy. President trump saying the u. S. Is in the final throes of reaching a trade deal with china, while mexico says Speaker Pelosi will hold a usmca vote between thanksgiving and the end of november. Edward lawrence has the very latest on the tray front to capitol hill. Sounds likes mexico knows more about this than we do. Reporter david, not a vote. She says she will get the agreement between thanksgiving and the end of november but House Speaker nancy pelosi clearly feeling the pressure. She did release this statement now saying that, quote, we are within range of a substantially improved agreement for americas workers. Now we need to see progress in writing from u. S. Trade representative for final review, using the words, final review there. Mexicos chief negotiator was told by the House Speaker he says, that she sho
We have that and so much more on making money. Charles call it a comeback, walmart on fire right now. Yet another quarter of strong growth. The results showing that the American Consumer splurging confidentially. Also right now we see auto sales through the roof, home loans are skyrocketing, thanks to you, the American Consumer. Fiscal policy, lots of help from the fed creating many are calling goldilocks economy. Is it too much of a good thing . Lending tree chief economist, and hiha herzog and david dietze of point view wealth management. Walmart numbers are pham noll. Comp store sales 3. 2 , three thousand grocery pickup stores, 1400 same day delivery. You know this is a company as large as it is important as it is people were writing off less than two years ago . 21 straight quarters of growth, thats what walmart as seen. You touched on a point also very important, online growth. Walmart spent a lot of capex trying to make sure that their online growth, the ability to buy things on
Somewhere 1. 4 but the mixed signals are there. Because the Unemployment Rate is at 3. 5 . The lowest since 1969. Wages are rising. Still on the uncertainty, specifically, trade, and the Global Economic slowdown, companies are basically frozen with what to do with the money. Theyre sitting on a pile of cash but waiting for some of that trade uncertainty to sort of shake itself out to figure out where they want to invest cash going forward. That is what the Federal Reserve is trying to figure out for long term assessment of the economy. One of the debates going an inside the Federal Reserve with chairman jay powell. I interviewed, exclusive interview with tom barkin, president of the richmond fed. He said that inflation, or the prices are low. Inflation is low, because of the trade uncertainty. Listen. Whether it is transparency on the internet, big box retailers, the power of their purchasing departments theyre very nervous about the ability to pass on prices. When uncertainty is high,
Make their way into stores. Nordstrom opening up a monster Flagship Store in new york city. Well take you there. That and so much more on making money. Charles Vice President mike pence remaining defiant in the face of china, doubling down on his harsh criticisms from a year ago. His message was clear today. America is not standing down. Edward lawrence joins us live with what the Vice President had to say, edward . Reporter charles, Vice President mike pence took a hardline on china with some issues, but toned down part of the speech in the past 24 hours about the Economic Future of u. S. China relations. Vice president blasted china for creating one of the Worlds Largest surveillance states. He says china is starting to export that technology around the world to some countries that may not use it for good. Mr. Pence saying the u. S. Is watching what happens with hong kong. Saying china should show restraint or it may affect the trade talks. Hong kong is a living example of what can h
Sector, that is a slowdown. One hour from now, well know. Watch that market. Right about the same time, the president will begin his trip to florida, where he will make a speech, i think the title ought to be protecting health care from socialist disruption. Its probably not called that but im making free rein here. Usually when the president leaves the white house, he speaks to reporters. He may address the economy. Whatever he says, youll hear it and it will probably move the markets. Theres news on the president ial campaign. Bernie sanders is recovering from heart surgery and has canceled Campaign Events until further notice. Obviously, there are questions about a 78yearold facing another year of grueling campaigning. Joe biden is taking a hit in the latest polls from his son Hunter Bidens business dealings in ukraine and china. Heres my opinion. Its now Elizabeth Warrens nomination to lose. Heres another opinion. That should worry wall street and it should really worry moderate de