Lighthizer to go to beijing in the coming weeks to get things restarted. There are three areas where they are stuck. The first of which is what to do with huawei. The president in osaka committed to president xi that he would loosen restrictions on u. S. Sales to huawei, which is a big demand from the chinese. The second piece is the president once the chinese to resume form sales, foreign purchases. That is about addressing one of his big political constituencies. Where youthing is start these negotiations . There are 150 pages of text they left in may, and it is unclear if that is where they start or they start all over again. David trade negotiations are always difficult but i do not remember the one where the parties do not agree what they agreed to. The president said the chinese have agreed to buy agricultural products, chinese said we have not agreed to that at all. Why can they not agree on what they have agreed on . Shawn that is one of the big problem and that is a repeat on
Brawl at a riverfront started by a group of white men shoving a Black Dockworker. Right now in ohio, a high stakes Special Election for a proposal to make it harder to change the states constitution. How that could have implications beyond the buckeye state. We begin this hour with the very latest on former President Trumps legal troubles. Trumps legal team and jack smiths office is locked in a battle over a protective order in the election interference case. That order is aimed at protecting the governments evidence before trial, and trump wants something much narrower. The judge over seeing the case is ordering both sides to come together for a hearing together. With us, msnbc legal analyst, lisa ruben. Lisa, lets start off by defining what a protective order is in this case. A protective order, jose, is something that governs discovery in a civil or criminal case. Discovery is essentially the evidence that the government would be relying on whether that is statements by witnesses, t
Italys Prime Minister said it would derive from properties on h derived from higher Interest Rates. The net income exsceeding the growth for 2022 and 2023 citi estimated that would be equal to 19 of bank net profits for the year the tax would only apply to domestic Net Interest Income if this were to happen in the United States it is not happening i know. I dont know what would happen to the world. It is like when hell freezes over scenario. 40 windfall profit tax on banks. Do you think this is such a game changer that you would ever be in business in italy ever again . I think they view banks as utilities in italy i think investors will think about Certain Industries now at the beck on call of the government it can be wiped out just like that it changes your money. Chinese communist out of nowhere with the Tech Companies in china the trading Certain Industries. In other bank news, moodys cutting ratings with several banks and downgrading the biggest lenders. The credit strengths will
Staggering. We will talk to the head of the National Organization for Rare Disorders about the scope of the problem but you might be surprised as i was. We will talk to the ceo of a Company Working in this area about the process for getting treatment approved and a look at some of the stocks involved in this opportunity to invest in Companies Working to treat or even cure these diseases. First, a check out the markets. The stocks are mixed following the latest on inflation we got this morning. We have the nasdaq composite up about 6 10 of a percent. The s p 500 a pretense. Nasdaq just about flak to the downside. Les is bringing like santelli for more on the reaction to this mornings pce number. It was about what we had forecast but still hotter than what the fed wants to see. I would characterize the market response as mild relief that it was not a surprise forecast. Weve had two or three in a row. They could come in hotter than anticipated. This was at least on target. It was warm in
Off more than 10 of its staff globally, ceo elon musk saying the company is looking for cost reductions and to increase productivity. Financials in focus again. Goldmansachs topping firstquarter estimates fueled by trading and Investment Banking. We begin by kicking off a new week for the markets, geopolitics on the front bunner. Were watching some of the risk premium in oil, back below 85. Brent, off 90 once again, but what an eventful weekend. I think some people might be surprised to come in and see Oil Prices Lower after the events of the week. Eurasia group says the size and scale of the assault by iran is greater than Eurasia Group anticipated, but there is hope, as you say, carl, and potentially some signs that we might have a diplomatic sort of response by this. Its certainly what the u. S. Is encouraging. Unclear what israel is going to do. Obviously, the next few hours and days will be decisive, because wall streets trying to figure out, is there going to be an escalation of