That House Democrats may be too afraid, too afraid to transmit their shoddy work product to the senate. Mr. President , looks like the prosecutors are getting cold feet. Neil whether it is cold feet or whatever, the fact of the matter, it is unusual, not unprecedented for the house after impeaching to say, wait a minute, well see exactly what the senate plans to do before we pass along the articles of impeachment to the senate. Wall street journal Global Economics editor jon hilsenrath, democratic strategist capri cafaro, exactly how long the markets will ignore this uncertainty. It is rather remarkable, if you think about it, jon, by and large, actually throughout this process the markets have focused on everything from trade, corporate earnings, the strength of the consumer, the market, housing, not a one, not a one on impeachment. What do you make of that . Well i mean i think the market sees an economy that is doing pretty well. Were going, were in our 11th year of economic expansi
Prompted money guys to were in his camp. Neil the dow up 250 points. Edward lawrence what might be the fierce of all this an extended trade war. Reporter the president in almost a News Conference before he left, uploaded some very critical thoughts about a trade deal with china. Listen. Were talking with china. Were not ready to make a deal. Well see what happens. Weve been hurt by china for 25, 30 years, nobody has done anything about it. We have no choice but to do what were doing. Reporter the president upping the ante and pressure on the chinese economy. He says no u. S. Cop will do business with huawei. That will halt of process of 35 Companies Going through for a special license to sell to huawei. The u. S. Labeled china a currency manipulator. The yuan hovering seven to one with the dollar lessening impact on tariffs. The president doesnt want to artificially weaken the dollar but believes he needs more help from the Federal Reserve. We have virtually no inflation in our country
After that vote it does go to the senate. That could be very, very late tonight before the senate ultimately does get to vote on it but we hear from mitch mcconnell, the senate leader, he expects that to happen. Could be in the wee hours of the morning, might not be. So much hinges on this, once signed, sealed and done right to the president s desk we are told maybe by the end of the week he writes off on this hard to say. This much is not, were watching it very closely as the dow kind of sort of pauses and takes assessment of all this stuff. Charlie gasparino with us, market watcher paul deet trick, gop fund raider extraordinaire knoll nikpour. A lot of your did is buddies are hoping this is done deal. Jeff flake is not running again. The will not want to go on as only person to pull a john mccain with thumbs down. Not good for fundraising, not good for morale. At end of the day he is republican. Neil he voted yes last time. Corker voted no last time is yes this time. Do you think it
But what do you think . You know, i think the Federal Reserve lost control some time ago, neil. They may be worried about it, but its traders who are driving the boat right now. And what theyre telling you is that theyre betting on a continuation of 2017. Thats what the numbers look like. I think more money is going to attract more money is going to attract good money. Its earnings and higher prices. Thats what the affect is. Neil you know, the market was tweeting again new alltime record. Jumped 1,000 points in the last five weeks. Goes on to say record fastest 1,000point move in history. I could go on here. But even the wall street journal pointing out today in its editorial page, be careful doing that, mr. President because it could come back to bite you. What do you think . Well, thats always true. Like trying to predict the weather which right now in the United States is a pretty complicated task. Neil actually, today its not. Its pretty easy to say cold. Its cold; right . I dont
Maximum category two right now, on the cusp of being a category three. 115 would be the next report. Doesnt happen very often. This lower texas coast actually went lu a period in the early 1980s where they actually had three major hurricanes make landfall, but theyve had a reprieve. It really hasnt been since rita that the coast got hit this hard. Neil it gets more attention here because its also in a neck of the woods in which the entire country is dependent, natural gas, oil refineries, facilities and the like. Is the better part of valor to shut them down and then come back to them when calm proceeds . Usually thats a day or two. This could be a little longer, couldnt it . Right. Youve got a double whammy because youve got chapter one of the storm where it makes landfall lets say in the Corpus Christi victoria region of the texas coastline, but then it meanders, wobbles and stalls for several days. Neil is that worse, michael, when it just sits like that . Because its rain, rain, ra