Right now, ambassador lighthizer is on his way which is why it is so curious to see the story being put out by the chinese, the wall street journal, you cant reach him at this very moment but, yes and this is important because both Speaker Pelosi came on mad money, this is a done deal, once you finish the articles of impeachment and the president wants this deal, talk about david during the break, but it is the one thing people seem to agree on in washington this is a good deal. And yet the a lot of the people i follow who are you get a democrat in the white house and companies are allowed to move back south again it not that adventurous to do so because of the big increase in wages. Those of us who do business in mexico can tell you the differential is not just cash. But it is also healthcare, where they have universal healthcare and this is a story about pollution control. Where both sides are now saying both democrat and republican, there may be some enforcement, plus control rules.
Exclusive interview with jay clayton. Power lunch starts right now weve got the market flat on this day but its been a whip saw getting there. This chart shows the swings weve had on one trade headline after another early this morning. Right now the major indices remain mixed were seeing green here and there but mostly flat. Shares of netflix, the stock down 2 after needham says its sale as the streaming wars heat up well have more on that move just a little bit later. Tyler. Markets not getting a boost from the seemingly positive trade headlines today. A deal on the usmca and more time for a deal with china we have the latest House Democrats announcing they reached a deal op a new nafta. Regular compliance and removing certain protections for brand name drugs against generics. The deal will have out sized impact on the auto and pharmaceutical industries. If you look at jobs and nashlg Safe National safety, its time to vote for the bill. The u. S. Able to show progress on this bodes we
Stocks bouncing around all session along on conflicting headlines about that december 15th deadline for china tariffs. Will it sfwebe extended. And House Democrats officially announcing articles of impeachment, two of them, against President Trump. Plus, coming up only today on the closing bell, wilfred frost is live from the Goldman Sachs Financial Services conference and hes got exclusive interview with Howard Marcus ks in just aw minutes. Joining us now for the hour is steve grasso from stuart frankel. Weve got to stop meeting like this i know, i know. We talked about this last night on fast money 5. Whats going to happen if theres no trade deal . Whats going to happen if the deal is extended and whats going to happen if a deal gets done there are three scenarios. Quickly walk us through each one. If the deal gets done, the market shoots higher but its only phase i of a deal. So i think it has a lot more ammo in its ability to move the market progressively higher from there. Nobody
Tomorrow how options traders get ready for the prin by start with a d. C. Triple play, the house moving forward on impeachment against President Trump. Congress reaching a bipartisan deal when was the last time you heard bipartisan deal on a new nafta we have late breaking developments on the trade war with china as the clock clicks to the new round of tariffs kicking in this we could lets get to Kayla Tausche live in washington in the d. C. Newsroom for all three the stories. One of the two major variables on trade as you mentioned. House democrats announcing a deal with the white house and usmca, negotiators from the u. S. Mexico and canada in mexico city to sign the revised deal the senate will not vote on in until after the impeachment trial. Some republicans have raised concerns about how Union Friendly the deal is even as Speaker Pelosi is confirming that the house will vote next week. We are declaring victory for the American Worker in what is in the agreement but we never not a
Key read on manufacturing in the next hour. Plus, streaming wars, apple launching its tv plus platform today. It is the latest volley in the original content battle between media and tech giants. And pinterest plummeting, losing a third of its value since peaking in august. And the Growth Strategy for starbucks, Kevin Johnson will join us first on cnbc this hour. Lets get to the jobs number, october payrolls well above expectations at 128k despite the gm strike. Unemployment goes down goes up to 3. 6. Wage growth 3 from a year ago jim, hard to find things to quibble about this month im going to come back and say youre going to have a the beginning of cracks in manufacturing. There is still two economies the twothirds of the economy that is consumer is doing very well the other third is not doing well and we can i dont know how long we can go with only twothirds i think pretty long. But when you if if they shut down boeing 737 max, youll see very different numbers i just think these num