Edward lawrence live in d. C. And edward, we start with you. Reporter a hiccup in the implementation of usmca threatened to cause tensions between the two countries over the agreement. It caused mexicos top trade negotiator to come here to washington, d. C. To meet with u. S. Trade representative Robert Lighthizer to work this all out. Because of concerns and that meeting, the u. S. Trade representative, allayed fears. Basically mexico was concerned that the u. S. Could force them into accepting up to five inspectors into their mexican factories and u. S. Trade representative Robert Lighthizer in a letter today saying those were not actually inspectors. Theyre attaches, attached to the u. S. Embassy here in the United States. So those attaches would offer technical guidance and expertise to the mexicans, not inspections. Adding that any compliance verification would be done by an independent panel with help from representatives from mexico and the u. S. The undersecretary says his fear
Shellady and moodys economist john lonski. Welcome to both of you. Scott, what do you make of what is happening right now . Maybe because of stormy weather, folks expected to participate in Online Shopping more than otherwise would be the case. How do you sort of look at that . The shocking numbers, Online Shopping still has not eclipsed bricks and mortar. Depending who you read about 20, 25 . What do the malls look like when there is 50 50 . There is a still room to have Online Shopping area. I think bets, ultimately death knell at some point in time but right now it is small. We need to see 10 billion, the market would love. That would be something good to underpin we see what happened today. U. S. Economy, u. S. Consumer, the way they feel, it is a good recipe. Stuart john, youve been telling me the consumer is the key to this recovery and even when ceos, cfos, sort of dialed back expectations or not hired as many or ratcheted down their plans, the consumer had none of that. Is that
The two largest economieses prepare for high level trade talks. Adam silver is standing his ground refusing to apologize for a general managers tweet about a protest in hong kong but will his decision backfire on the global brand . Tracking space. Nasa confirming a group of astronauts are expected to fly past earth at incredible speeds. We will talk to astrophysicist Neil Degrasse tyson about this looming phenomenon this hour. Connell wow. Now were talking. Fox Business Team coverage of this market selloff. Edward lawrence, busy day as usual following trade in d. C. Gerri willis on the floor of the New York Stock Exchange with all the back and forth and blake burman at the white house as well. Edward, on that trade beat, the trade restrictions seemed to help the market or hurt the market. Lets start with you. Reporter it help the market turn down a little bit further. Today and tomorrow or today and yesterday, two days of deputy level talks concluded and the real talks will happen thur
Where they had white a busy day. Gerri willis on the floor of the new york stock exchange. Same there. Phil flynn watching action in gold in chicago on the floor. Gerri, on the floor, take us through the crazy day. Reporter we started down, continued on. You can see by this chart, worst day for stocks since august 23rd. All subpoena 500 stocks traded lower. A decade low for manufacturing. Im not hearing from traders a huge amount of surprise about this. In fact it was surprising in the opposite direction we kept hitting new highs. They were more surprised by the fact that we hit nearly 900 points yesterday and today for the dow. Looking for earnings next couple weeks. That could be negative. Could be a replay of last years third quarter. Well see eps down about 2 yearoveryear. Major averages today, dow down 1. 85 . The s p down similarly, 1. 78. Nasdaq even more so. Look al that. Meanwhile talk about oil, this is an important thing. You see on the screen right there down seven consecut
Admissions scandal. What his time behind bars could mean for the rest of the cheating elite. Cashing in on content. Tech giants like netflix and amazon dishing out billions of dollars in the streaming wars. The hollywood titans are joining the fight. Susan fox Business Team coverage, blake burman at white house. Edward lawrence with the latest on trade in d. C. And gerri willis on the floor of the New York Stock Exchange. Lets start with blake. Reporter this ninepage whistleblower complaint alleges that some in the white house were so concerned on the july 25th call between President Trump and new uranium president zelensky, that the white house officials were concerned that the white house used the call for personal gains. That the white house lawyers made sure the call records according to the complaint and transcript were placed on lockdown. The whistleblower alleges because of that concern the transcript was then put on on to a more secure server. Here from the whistleblower compla