Im not a fan of his and have not been for a long time. Nthony is out of control he does not have what it takes. He wanted to come back into the administration for the last five months, begging me to come back in. I said, anthony, i cannot take you and, i am sorry. He is a nervous, neurotic rack. He called so much and i said, anthony, im sorry, i cannot take you in. You have to stop all of these phone calls. Too many calls. I would not take his call, and now lo and behold anthony is upset because he wanted to come back into the administration. You remember better than i do that he was a disaster. [indiscernible] pres. Trump we have tremendous plastic from asia and china. It is not our plastic, it is plastic floating over from other places. Our plastics are fine. We have to know what to do with them. Other countries are not taking care of their plastic. They have not for a long time. The plastic we are getting is floating across the ocean from other places. [indiscernible] background che
111 points the s p 500 up slightly, 0. 24 financials lead the charge up 1. 1 joining us for the full hour to break down the Market Action is jim lecamp lets start with the g20 meeting. You think the market could pull back 20 if trade breaks down . I think the market is not prepared for that at all and weve got a lot of complacency in the market. The markets are trading not far from alltime highs now. We dont have one reason to think a deal is going to be done or be real over the weekend. The good news is that china might have better impetus to do a deal now that they have these problems with their food chain they have problems with the port they have capital outflow that is are accelerating in their country. They have some Serious Problems and they do want to do a deal. A lot of people think theyre going to wait until trump is out of office, try to negotiate with the next one i dont think they have the time to do that i do think a time will get done. If it doesnt i think the market is
Closing down by 0. 4 the hang seng was off by 1. 1 . Then the shanghai was down by almost 0. 9 . In europe it looks like, again, a modest decline dax and the cac are relatively flat ftse down by 0. 2 . Italy and spain down by 0. 3 and 0. 4 if you check out the treasury market, you will see the tenyear right now looks to be yielding about 2. 019 . We do have breaking news on Warren Buffett he is denying reports of tensions between him and 3g capital and kraft heinz. Buffett said 3gs cofounder is a good friend and he plans to see lemann next month. He also plans to attend lemanns 80th Birthday Party in august. The report has been out about tensions between them. Buffett also expressed support for the ceo of kraft heinz reports of the tensions may have been sparked by kraft heinz underperformance. That stock down by 50 buffett says right now the biggest problem facing kraft heinz is that heinz overpaid when merging with kraft back in july of 2015 he said he paid too much and it will take
hello, if you havejustjoined us, you are very welcome. let s crack on with the top business stories. we start in san francisco where, as you have been hearing, president biden has hailed real progress following four hours of talks with china s president xi on the sidelines of the apec summit. they agreed to reopen communications between the military on both sides and work together to stem the flow of the opioid drug fentanyl into the us. but there was no concession from the us on lifting trade sanctions on china including the export ban on advanced computer chips which president xi had complained is harming china. the united states will continue to compete vigorously with the prc, but we ll manage that competition responsibly so it doesn t veer into conflict, or accidental conflict. and where it s possible, where our interests are.coincide, we re going to work together like we did on fentanyl. that s what the world expects of us. the rest of the world expects no
7 00 tomorrow. We will see you then. [captions Copyright National cable satellite corp. 2015] the president will argue today that it would be a historic mistake if congress blocks the Nuclear Accord with iran. He president will frame the decision before lawmakers as the equential foreignpolicy issue since the decision to go to war with iraq. He needs the backing of enough democrats to fight gop opposition. The white house says it has enough democratic support to a pulled a veto. Read more at the hill. Com. We will have live coverage of the president s speech today at American University starting at 11 20 a. M. Eastern. To post yourble thoughts on facebook and twitter. After the president s speech we will be taking your phone calls. Coverage on capitol hill over on cspan3 getting underway momentarily. The Senate Banking committee on the iran sanctions. That hearing is underway. Following on cspan3. Agreement with National Security experts also talking about the role of the International