Own emissions standards. All that and so much more on making money. Charles well, we begin with the fed the day after and while most observers agree that jay powell did a better job communicating, yet confusion reins as fed members are all oaf the map where rates should bo from here. President trump telling fox news what he thinks of the rate cut decision. I think we should do more because other countries have done more. If you look at germany, if you look at japan, look at some others theyre cutting much more. In fact theyre borrowing money, getting paid to borrow money. Were paying interest. Were the most prime in the world. We have this great economy. Were doing better than weve ever done. Our employment numbers are the best they have ever been, unemployment numbers also. We are doing freight. We should be cutting there is no inflation. Charles as the fed is pumping even more cash into our Financial System today. In fact over 200 billion in the last three days in the repo market. Wi
Lawrence in washington, d. C. , with the latest on trade, Jackie Deangelis live in the newsroom following the amazon probe. Gerri, lets start with you. Reporter what a day in the markets here, anniversary of 9 11, everybody talking about it, the markets going to the sky. Dow up nearly a full percentage point. Russell up 2 . Were finishing at the highs of the day. The dow of course, the longest winning streak in three months. The dow driven by boeing and apple. Lets talk about apple for a second. You said the market cap of that stock, a trillion dollars. Very good news for apple shareholders. This is the first time in 10 months they hit this level. It was that big announcement yesterday about the three new iphones. 699 for one of those iphones. Apple watch, ipad, apple tv. Pretty much yesterday melissa said we would buy one of the iphones. Maybe why the stock is up. Good news for them, apple tv subscription, 4. 99 a month. Purdue pharma agreeing to a tentative settlement over the Opioid
Charles so china looking for a resolution to this trade war in less than 100 years . The market seems to think so, riding high right now on the news they will not issue retaliatory tariffs against the United States, at least for now. Edward lawrence is live at the white house with more. Edward . Reporter two trade teams expected to talk again today. President donald trump says there will be a phone call between the two delegations. Were expecting to set up another round of facetoface talks between the two sides. Spokesman for the Chinese Commerce ministry toning down back and forth between the u. S. And china. They believe countermeasures in place are currently sufficient. He adds the most important thing to create necessary conditions for the two sides to continue consultations. That next step is a facetoface meeting. The u. S. Will be looking to see if the chinese come back to the table with some of the things that were deleted according to the u. S. Trade representative. Some things
Im Melissa Francis this is after the bell. There we go. S p 500 ending in negative territory. Both down 3 on the day. Fox Business Team coverage. Gerri willis is on the floor of the new york stock exchange. Edward lawrence where a lot of action was in jackson hole, wyoming where fed chief Jerome Powell was speaking earlier. Phil flynn watching action in oil and gold from the the cme. Hillary vaughn is at the white house. Well start with you. Reporter white house trade advisor Peter Navarro was on fox business this morning. He said that china continues to pay the price in this trade fight but he also said later on fox news that we have more bullets in our gun than they do. He says china exports over 600 billion to the u. S. We export about 100 billion. So he thinks that the u. S. Still is on top even though china has taken new action against u. S. Products going into their country. The president though on twitter promising to respond to this sometime this afternoon. We havent heard any
The pundits are questioning whether he has the stamina and the focus to go the distance. If he doesnt, the democrats are left with two way out there, far left frontrunners. Just wait until you hear the details on Bernie Sanders 16 trillion climate plan. Stocks, they are going up again this morning. The Chinese Foreign ministry, cool to the president s statements on china trade, and we have been in and out of that inversion of the yield curve all morning. It doesnt seem to have been a big negative. The dows going to be up about 80 odd points, 10 for s p, 43, 40 odd points for the nasdaq. Thats about a half percentage point. All right, everyone. Stay there, please. We are going to show you the latest biden gaffe and a closer look at the poll thats really set him back. Varney company is about to begin. I just spoke at dartmouth on health care at the medical school or i guess it wasnt actually on the campus but the people from the medical school were i want to be clear, im not going nuts.