Territory for the fourth day in a row. Energy stocks leading the advance as oil surges to a threeweek high, closing up more than 5 , marking its biggest gain of the year. A lot of news to get to. Im Melissa Francis in new york. This is after the bell. Connell im Connell Mcshane live once again in beijing and today were getting a firsthand look at the view from china. Speaking to folks here on the ground what they really think about the trade war with the United States and the perception of American Companies, especially apple. As the tech giant considers moving some of its production out of china. Melissa. Melissa first we begin with breaking news and fox Business Team coverage. Gerri willis is on the floor of the new york stock exchange, blake burman at the white house, and Edward Lawrence is at the Canadian Embassy in d. C. Lets star with blake. Go ahead. Reporter melissa there is a pretty big meeting going on right now not only in the white house but inside the situation room to be
The Dominican Republic calling it fake news, the controversy of at least 11 people dead and dozens getting seriously ill after visiting the Dominican Republic. We dig into whats going on and what the fbi is doing by the. Calls are growing in congress that the u. S. Put mutt out a travel advisory safety warning right now for americans heading there. Also tonight. A former top u. S. Prosecutor weighing in on brandnew fbi emails revealing an unusually strange and cozy relationship between the New York Times and the fbi during the trumprussia probe. Critics are saying this is way out of the line for the New York Times and what it did. Its a level of familiarity between these two organizations that few on the outside knew before. It included sharing information about trump Team Activity with the fbi with no indication a story was coming on that. The fbi emails show a lot about what the times was doing and much more. Im elizabeth macdonald. The evening edit starts right now. Lets get to Edwa
Aspects of security. Security at the ports of entry is just as important as security between the ports of entry. And, you know, since then weve seen efforts and i think trade community has responded. Congress has responded. Weve seen bills to add more officers. We need other resources at the border. I think at first the only resource were being drawn from southern ports of entry and our first point was what about the airports . What about the seaport . What about the northern ports . You cant pick just one area and say well thats the only area that will get hurt. So beyond that weve seen may 7th, tomato duties went into effect. Now duties on mexican tomatoes. When tariff threat came up, that would have equalled 25 tariffs, 3 billion in tariffs just on what we eat and that constitutes a food tax. In the meantime we had these issues. Thats a glimpse into what we see at the border but we cant stop and think that we cant move forward because theres a lot of things we can move forward on. I
Still hopeful that the house will ratify the agreement calling on house peeker nancy pelosi to do the right thing. An wall street, a record day. The s p 500 closing at an alltime record high, the dow closing at its third highest level in history, only 75 points tonight from its record high. All of this despite heightened tensions in the middle east after iran shot down that american drone over International Air space. President trump today slammed the roi rogue nations mistake s iran made a big mistake. This drone was in international waters. Clearly we have it all documented. Its documented scientifically, not just words. And they made a very bad mistake. Lou a big mistake, a sad mistake and for more on the iranian attack, Fox National Security Correspondent Jennifer Griffin with the latest from the pentagon. Lou, pentagon officials deny the u. S. Drone was shot down over iran. The air force released this video of the actual moment of impact of the u. S. Navys Global Hawk Drone being
And welcome to power lunch on this monday im melissa lee. Wall street in a Holding Pattern ahead of the fed stocks carrying out modest gains. Nasdaq the biggest winner at this hour. Communications services specifically, the best performing sector, led by facebook, netflix. We have much more on netflix ahead. Its all about the fed this week policymakers getting ready to meet tomorrow. A decision on Interest Rates set for wednesday followed by chairman powells News Conference Steve Liesman is here with more on what investors should be bracing for. The period of the feds patience could be coming to a quick close. The word first appeared in the january statement and was taken as it was on hold. Now patience is not long for the feds statement. We expect the statement to drop the word patient, which implicitly implies a hike, and albeit with noncommittal language heres are the probabilities we have been following. Still something of a bid on a rate cut this month. I guess you guys are going