President trump and u. K. Prime minister Boris Johnson. I think its pretty much what you expected. He is doing a fantastic job. I think he will make great progress come october, come november. Great progress for the country. October. He is also going to start the show in november. It looks to me like he is making great progress. So its an honor to have you here with us discussing trade. We can quadruple our trade with the u. K. I think we will do a big job. Our trade representative is here. Well continue negotiations. We can have substantially more trade with u. K. Well talk about other things, also. Great to have you. Thank you very much. Its great to be here y. Certainly hope that we can mag a lot of progress. Our secretary of state is here. We hope to get going on that always remembering that the nhs is not for sale. Everything else we can do. Iran and the difficult issues where i think we share a common perspective. We want to make sure that people in the gulf didnt get the wrong i
Ive been saying this openly. And they have lowered too slow. He took 25. Some people were hoping for 50. He did 25. Im not thrilled with the fed, despite that we have an incredible economy and no inflation. Chairman powells job is safe . Yeah it is safe. Sure, why not . You paused . I dont pause. He has a job, im disappointed in it. Im very disappointed in him. Neil the job is safe because the president cant fire him. Once appointed unless serious malfeasance or crime he is there, he is there for another couple years. Of course the president is free not to reappoint him. That is assuming the president is still in office to decide that. Former Treasury Department economist under president bush 43 David Beckworth with us. Obviously he is not satisfied with the quarterpoint move. He wanted more. We got data today to indicate maybe the fed was wise to make the quarter point and add to that the caveat it is watching other developments. What do you think of the data and confluence and . We s
Win would lead to a total meltdown especially when it comes to markets. Stuart talked about hong kong. Were watching it closely. Well have a run on the banks well talk about. A big weekend ahead in hong kong. Well look live where tensions stand right now. Lets get to trade, how governments are reacting to what is happening. The dow is up 275. Were ending week on up note. We have a few hours to go, still down overall for the week whether governments are aware well get to that in a moment. New stimulus could be helping stocks. Hillary vaughn starts us off at the white house. Hi, hillary. Reporter connell, President Trump says the september meeting with chinas trade delegation is still a go. He talked on wednesday with chinese trade officials. He is expecting a call soon with president xi. He said if china dares to retaliate against september first tariffs he thinks the u. S. Holds the ultimate retaliation or ultimate form of retaliation. I never said china was going to be easy but it is
Until the sun comes up here in japan. The president met with working dinner with the Prime Minister of australia. In about nine hours or so the president has the next meeting with the Prime Minister of japan, shinzo abe. Sources close to the Administration Believe they will talk about trade with that deal. They say a trade deal with japan is more likely than a trade deal with china in the near term. The president , source close to the trade talks says that the meeting between the two delegations, chinas delegation, the u. S. Delegation will happen on friday that is a day ahead of the meeting between President Trump and president xi. The president believes, chinese believe that a precon condition for the two meeting, the white house is pushing back saying there are no conditions that have been agreed to. He is perfectly happy where we are, where he is in these socalled negotiations and talks, and if need be we may move ahead, we may move ahead. Okay. On additional tariffs. Reporter chin
A veto. Inflation numbers out today show prices cooling overall but at a glacial pace. Meanwhile, consumers are racking up Credit Card Debt and dipping into their 401 401 k s at an alarming rate. Our economic brain trust is going to be here to to break it all down. Markets reacted this morning. Plus, weve got new details revealed about Hunter Bidens business dealings, and for the first time were going to bring you reaction from the president himself. And the fires roaring across hawaii already claiming at least 36 lives and has survivorses weighing the enormous costs of recovery. All that and much more coming up. Finish. Cheryl first to our top story today, markets rallying on todays inflation data. But consumers are fuming over something that wont even show up until the next report, and its the spike in energy prices. Gasoline prices, oil prices. Lets get the read from mayflower advisers managing partner larry glazer and luke lloyd. And, luke, to you first. This report was a little bi