Foods and goods we have to keep in mind as we are right on the cusp of the g. 7 and theres already weve already been told today that theres going to be meetings there with our people in china so were expecting that maybe this is sort of chinas way of saying were not going to back down because President Trump is not backing down and this is a good starting point and were going to see that happening right away. I think by the time monday rolls around just like last monday we may see the market turn around so for everything we lost last friday at this time we were talking about it we may read again on monday that were not 100 percent sure but it does say that china is not willing to back down and maybe we can find some happy medium because right now china was taking advantage of us for the longest time and finally we were able to stand up to them so lets see how this unfolds right and the timing certainly does seem to be strategic making this move on the edge of the g 7 and the sinking of
Pitchforks outside the home. The san antonio, texas voter wrongfully outed by Joaquin Castro speaks about how hes forced to review emergency measures with his family because of castros tweet. Should castro be held accountable if anyone is harmed . To nancy pelosi and an entourage of democrats campaigning in central america. They are there injured cutting and slamming President Trumps border policies, including attacking trumps deal with guatemala. They are saying that in guatemala. A deal that would take in asylum seekers. Is this the democrat plan all along . Maybe new voters . Richard trunka in his criticism of the i. C. E. Raids at the meat plant in mits reveals dcial revs immigrants are union workers. This same meat company, a plant in mississippi was hit with a government lawsuit for racial, physical and Sexual Harassment of the immigrant workers. Well go deeper into how they help members. Newly released documents from the Justice Department raising more questions. What did fbi of
Predicted every last recession weighs in. Now to Edward Lawrence at the white house, on the trade front where things stand. What is going on there . Reporter looks like better than expected numbers coming out of china helping markets today. China says their exports have increased 3. 3 from june to july. Surprise with some with escalating trade tensions. Export numbers deficit from the United States has shrunk 2 billion from june to july. It is still a huge number, look at yeartodate. It is 168. 5 billion yeartodate. Also thursday, Chinas Central Bank made moves signaling future devaluing currency even though today theyre stablizing. Should the currency weaken too much that should cause Asian Countries to cut their Interest Rates even more. White house Economic Advisor Peter Navarro down playing that this morning. Listen. The yuan has gone down 12 . We put on tariffs at 10 . The yuan goes down 12 . Theyre basically trying to offset the effect of the tariffs but it does have ripple effec
Bullet finish the session there . We will have to wait and see. Some stocks recovering from major losses yesterday, including hunts transport services, having dropped 22 yesterday. Companies like alumina, which gave a negative outlook, really getting punished today, down 16 . The 10 year yield backup to 2. 12 . That is widening the spread. Crude oil above 60 a barrel and holding. The mexican peso had been weakening. It is back above 19. The president tweeting this morning that the Biggest Development in u. S. mexico talks on trade has yet to be revealed. Stephen mnuchin in the last few minutes warning the u. S. May hit the debt limit by Early September in a letter to nancy pelosi. Once again, the treasury secretary warning that the u. S. May run out of cash in Early September. Another develop and, up President Trumps labor secretary out. One week left. Alex acosta announcing this morning he is resigning. It was a surprise appearance by the president. We are joined by our Bloomberg Nati
Hes bulletproof. He can fly. You can see it right here. Its sewn tuesday, the 18th of june. Fbn a. M. Starts right now. I cant lie youre on my mind. Stuck inside my head. I want to feel your heartbeat. Need it there, yeah. Lauren good morning. Welcome to fbn a. M. Im lauren simonetti. Cheryl good morning. Im cheryl casone. Lauren lets take a look at your money this morning and see how its moving, in the u. S. , up arrows, dow futures gaining 68 points, nasdaq tacking on 38 as the countdown to the fed begins today. Cheryl oil tensions of course are the big story this morning. Iran continuing to ramp up pressure. Right now oil is down 40cents, so 51. 55. Lauren stocks in asia closing out tuesdays session mixed. Nikkei down three quarters of 1 but a 1 gang in hong kong. Cheryl in europe, global trade worries continue there. All of those markets are in the green. Lauren top story this morning, the pentagon is sending 1,000 additional troops to the middle east as new images show the afterma