Heres the jargon, the yield curve inversion. This is fed day and a very big day. In advance of the official word on rates, stocks have been all over the place this morning, up and down, moment to moment. Right now we are looking like a loss of maybe 112 points for the dow and down 45 on the nasdaq. This is whats hitting the market, china. China says it will impose 5 to 10 tariffs on 75 billion worth of u. S. Goods. That is obviously a negative for china trade. Its escalation and therefore, bad for the market. Elsewhere, later today, the president leaves for france for the g7 summit. Interest rates and trade will surely come up there. They are gearing up for more big protests in hong kong. Were on it. And just wait until you hear what larry kudlow says about tax cuts. Lets get going. Varney company is about to begin. Weve negotiated with them, weve tried to move the football. They have backed away and we have taken measures through all of that time, weve had a very strong economy, weve
A german lost the killing spot to rights in the city ok thats right. And a Record Number of fires are burning in brazils amazon rain forest the countrys right president. Accuses environmental activists of starting the blazes that critics say the president s claims are outrageous. And welcome. British Prime Minister but as johnson is holding talks on break said with french president in modern mccraw both leaders say they believe a solution for the u. K. To leave the e. U. With a deal should be possible but a number of obstacles remain johnson says therell be no deal unless the vacs stop the insurance policy to prevent a hardboard on the island is taken out of the backs of. And he reiterated what the u. K. Intended to do with the border in case of a no deal back set when you look at the border with Northern Ireland just repeating a point that bears repeating under no circumstances will the u. K. Government be instituting imposing checks or controls of any kind at that border and we think
A Record Number of fires are burning in brazils amazon rain forest the countrys a right wing. Group accuses environmental activists of starting the blazes critics say the president s claims are outrageous. And of a warm welcome to you among the dutch eba british Prime Minister Abbas Johnson has met with french president in modern mccraw to discuss drags this both leaders said they believe its possible to find a way for the u. K. To leave the e. U. With a deal but a number of obstacles remain johnson says therell be no deal unless the socalled backstop is taken out of the banks that agreement the backstop is the insurance policy to prevent a hard border on the island of ireland. And johnson reiterated what the u. K. Intends to do with the border in case of a no deed backset when you look at the border with Northern Ireland just repeating a point that bears repeating under no circumstances will the u. K. Government be instituting imposing checks or controls of any kind at that border and
Im talking about why they need more scrutiny, not less. All that and more on making money. Charles we got a slight rebound this morning, this after china sort of stepped up their efforts. They raised the value of the yuan just slightly, but that is in response to the United States yesterday calling beijing a currency manipulator. I want to go to edward lawrence. He has more with us from the white house. How the trade war has turned into a war of words. Edward . Reporter exactly, charles, that war of words is taking on to twitter too, the president saying he will protect farmers, saying the president hinting the fact if there is another bailout down the road, if china does not turn around to buy u. S. Agriculture, the president is highlighting the fact that money is coming into the u. S. Economy because our fundamentals are strong. But on twitter he said this, as they have learned in the past two years our Great American farmers know that china will not be able to hurt them. That their
Find out their plan. Plus, more of my exclusive interview with uber ceo. We will get his take on driver and why he believes we need to redefine gig economy. Sunday will mark the next escalation in the trade war between washington and beijing. 15 import taxes on about 100 120 billion of chinese imports. Whether either side might be getting ready to blank. Chinesescussions with and american friends and china is looking more and more alike we are not any closer. It seems that china has begun to hunker down. , and has waited this out china thinks that they can weather the storm more easily than President Trump or americans think they might. China is beginning to look for other markets for their exports and they are doing a pretty good job doing that, so it is the longer haul. There is also a sense that it is becoming more political than economic. President trump might be timing potential deals closer to the election rather than earlier. That is the next couple of three weeks. People are st