To this white house staff. Secretary. A lot of acting in front of names. What does this mean for the president . Anna the president seems to be very comfortable with that dynamic because he likes to have centralized control. He does not mind having people in positions of power that are beholden to him and report directly to him and he penned on him for their importance and for their relevance. It is not necessarily a bad thing, but it is troubling to some members of congress who want to defend their constitutional right to approve cabinet members. Especially when it gets to some of the Senate Republicans that have been more institutionalist. They are uncomfortable with these vacancies, especially when it comes to the defense secretary. I know Bloomberg News just released a story on the usmca fight, the new nafta, tell us about what we are reporting and what you see ahead. It seems like it has run into choppy waters. A slow burnas been all year and it seems like one of the president s t
Alix even President Trump took to twitter to congratulate the team, versus a couple days ago, when one of the women said we are not going to the white house, and he said why dont you win first. Now apparently very proud. David it was a great game. The u. S. Was really taking it to the netherland for the first half, but they kept it up in the second half. Alix go team usa. In the markets, you have powell coming out in the next couple of days. Drive up Market Reaction for this week. Eurodollar lower by 1 10 of 1 . The dollar getting a little bit of steam in the last 20 minutes of trading. Crude also quiet. It is a quiet market with idiosyncratic events turkey, like Deutsche Bank. David what a nice word to use. Alix right . David idiosyncratic. Time now for the morning brief. Today, British Conservative Party members mail in their votes for the next Prime Minister, widely expected to be Boris Johnson. On tuesday, the Allen Company conference gets underway in sudden valley. We also get chi
You mentioned brent. Index isy getting a bounce. We will get to some companies in that indexing in just a moment. Tyson foods has come out with its competitor to the beyond meat product, and getting a bum from that of about 1 . We just had that ipo, another successful tech ipo, with fiber international. Guy crude definitely the top story, spiking up after two tankers were damaged in the gulf of oman. Our editor for commodities is joining us from new york. Is this an escalation . Luke reporter the market is certainly reporter the market is certainly reading it that way. Neither of these tankers was actually carrying crude oil, but weve seen all the reaction in the crude market. This is just outside the straight of hormuz, which iran has previously closed outside the streets of hormuz, which iran has previously threatened to close. Weve seen a drop throughout the course of the day. If you are looking at the global picture, this area accounts for 20 of crude Oil Production 40 ofy, about 3
Gas involving nordstrom. Lets turn to shawn donnan in washington. We are President Trump saying they will have to do a deal but the Chinese Government is in no rush. Theres a consistent theme out of china that they are ready to ride out this trade war and ride out the pressure from donald trump. President trumps approach seems to be to continue to raise the pressure on china. That is an effort to back xi jinping, his chinese counterpart into a corner. The view you here in china is that is a misreading of chinese domestic policy, and that is in a position that makes it even less likely you would get a deal. The leaders are due to meet at the g20 in osaka, japan at the end of this month. A lot riding on that meeting. David we have heard very different stories. We have the president saying another 325 billion of imports he can put caps on you can put tariffs on. A lot of people the market saying something will come out the g20. What is right in your reporting . Can hope forst we is a repe
And the senate bill, will speaking on the floor. Trump, justident staying on point, how can President Trump tax cuts for the middleclass when the public does not seem to look at it that way . Nancy pelosi giving Closing Remarks. The house of representatives what i woulder will is republican, they the at the lowering of the majority have seen the 401 k s grow. What they are getting back from the government. Might frustrate them, especially when you go to battleground states like michigan and pennsylvania. Pelosi, a nancy minority leader and used to be speaker of the house. This has often litigated out. Is that true . Will push back ferociously against that and here is why. There are broad frameworks debated for decades. Wealthytaxes on individuals and corporations would stimulate growth or we are happy to have debates but provisions in both bills in the house and senate bill have literally just been added in recent days that radically transform the landscape. State and local deductions