What are you hearing . Reporter this may be moving the market. A roundtable with American Business leaders, current and former chinese fishessals and American Chamber of commerce. Out of the round table there is big differences with the trade relationship with china. One example from the u. S. Side. They say there was no real huge benefit to have this trade relationship with china, having china within the wto. Chinese officials during that roundtable saying no, that is not the case. In fact china, u. S. And world benefited from china being in the wto. Chinese made the case that china entering it benefited everybody. Roundtable officials according to the global times there may be big differences coming up with a trade deal in terms of tariffs you talked about. Global times says chinas precondition to the trade deal would like the trade tariffs rolled back simultaneously. But the negotiators from the u. S. Have not given a positive sons to that our chinese trade sources said china wants
This calendar year 2019, the nasdaq composite has gone up a shocking 27 , that reflects the money flowing into americas giant Technology Companies that dominate worldwide. The average gains of the s ps 500 companies this year, 23 , the 500 Biggest Companies with an average stock price gained 23 in less then 11 months. Look at how stocks open this tuesday morning. The dow will be up 40 points, it will be up much more than that if it were not for home depot which is a dow stock, down sharply. The s p up another 7 points. Look at the nasdaq up 27 for the year going up another 1 2 , 35 points higher. What a day, what i year. Make no mistake, we think the enrichment of america is more important than the charade called impeachment and todays show will reflect that. We are asking dow 30,000, lets get on with it. Varney and company is about to begin. Lets get to home depot. It will drag on the dow today. It is a dow stock, reported its earnings earlier and the stock freemarket down 8, 3 . Ashl
600 milliondollar bet for coty. All this on making money. Charles were finally pulling back. Dow, s p from record territory. There are more reports out of china the negotiation, the u. S. Hasnt shown a positive response to pulling back all the tariffs. President trump continues with the same line he is holding firm. Take a listen. China will have to make a deal i like. If they dont thats it, okay . Im very happy with china. Theyre paying us billions and billions of well be over 100 billion in nottoodistant future. China never gave us 10 cents. With that being said, i have Good Relationship with china. Well see what happens. Im very happy now. If we dont make a deal with china, i will raise the tariffs higher. Neil big loser is home depot. Weighing on the dow. Missed on Comp Store Sales for the Fourth Quarter in a row. Then there is kohls. Tell you both of these companies, you listen to management see what they have done, seems to be more Company Specific than any kind of proxy on the e
All the tech stocks. More on big Market Movers coming up. First, here is what is new at this hour. President trump striking back. He is slamming democratic leaders. He says theyre holding up trade progress during day three of the public impeachment hearings that have been going on on capitol hill. Todays second round of witnesses are giving their Opening Statements as we speak. Well bring you any at all breaking headlines from there. Protests paralyzing hong kong as a tense standoff between demonstrators and police is now about to enter its fourth day. A new round of blackouts expanding in california. When hundreds of thousands are set to lose power. Melissa we have fox Business Team coverage. Gerri willis on the floor of the new york stock exchange. Lawrence edwards and blake burman at the white house. Edward, start with you. Reporter weighing on the market, Business Information coming out of a roundtable in china. It included u. S. Business leaders. Current and former chinese officia
Unched. Walmart hit record high earlier today, then it turned lower strangely enough after strong Quarterly Earnings after the the after holiday season. Good to be with you. Im connell mcshane. Melissa im melissa francis. This is after the bell. Record close for the s p 500 would be the second this week. The nasdaq appears to end in negative territory. Cant get there more on the on the big market movers. First here is what is new this hour. President trump is about to depart the to the white house. The president will make his way to a Louisiana Campaign rally tonight. Well bring you any headlines from the president if he stops to speak to reporters on the south lawn. Capitol hill, a possible breakthrough on the usmca. Full House Democratic caucus is meeting to discuss the future of the trade deal. A new look for the ford mustang. We are breaking down the electric gamble for the automaker. Connell fox Business Team coverage of all our top stories today. Blake burman live at the white ho