The nikkei in japan than in japan down slightly. Shanghai composite that part of 1 . Lea Police Arrest protesters after an evacuation deadline passes. Lauren tassel shares sales jumped by 90 of ceo elon musk scent a pretty aggressive Production Target for teslas new model recipient. Lauren why is amazon. Com applying for a Liquor License . Take a look. Lauren march madness in february with two big buzzer beater and in syracuse takes down duke invades california. We will show you the highlights. Lea thursday, february 23rd. Welcome to fbn am, your first look at morning markets and breaking news. Lauren President Trump said to meet with manufacturing tel is the white house says the president plans to discuss specific action to remove barriers to job creation a day after the president focused on cutting federals name. Blake burman at the white house with details. Federal budget coming wednesday with President Trump calling it a mess. The president met throughout the day with top aides and
The shanghai closed flat. Early trading in europe, markets under pressure. The dax down by 1 , as is the cac in france. Ftse down 0. 6 . Look at crude oil prices. Right now it looks Like Crude Oil is down by 29 cents. Natural gas has been under some extreme pressure over the last week or two. Couple of big stories were watching. President trump is calling china the grand champions of currency manipulati manipulation. In a reuters interview, trump said he has not held back in his assessment that china manipulates the yuan. The China Foreign minister saying china has no intention of using currency devaluation to its advantage. Just yesterday in your interview with mnuchin, he wouldnt go that far. He didnt call it a ma manipulator no, it seems like he stepped back from the trump promises to label china a currency ma anybo manipulator from day one. China has been propping up the currency recently. Well see what happens, but it will be a much more settled but trump will go out there, say it
High. Our roadmap begins with the trump stock market, the president signaling some support for a border adjustment tax. Futures point to a lower open. Can the dow continue the longest winning streak since 87 . Plus, well keep our eyes on retail. Nordstrom shakes off trump tweets, but jc penneys turnaround seems to have stalled. The retailer is closing 140 stores. And a big 10 revenue decline at Hewlett Packard enterprises. Meg whitman is going to join us live. First up, futures lower after the dow hit that new win streak ten days in a row after the president gave an interview to reuters following his day with manufacturing ceos. He says, quote, i certainly support a form of tax on the border, could lead to a lot more jobs in the United States. Of course in january he said it was too complicated. Sean spicer yesterday pushed back on the idea that it would result in Rising Consumer prices. Who knows. Did immelt get his ear in that meeting yesterday . I dont know. Interest rates keep goin
He basically said the border adjustment tax as written, current language from the gop is mot something the white house would support. This comes about a day after a reuters story where donald trump seemed to hedge a little bit on that and seemed to suggest some support. Cohen seems to back drtrack on this morning. Could it be reworked . It also comes 24 hours after treasury secretary Steve Mnuchin told our becky quick that all options are on the table still. The cohnspecific negative sentiments were specifically on the actual language, the actual talk that the gop has had specific language. I think it certainly could be reworked. He did not say that the concept was objectionable but the way it was worked out. Dan, longtime finance guy, covering banking, private equity, et cetera. From your market expertise, its brian sullivan. From your market expertise, do you think that the market is maybe overreacting to the upside, given your story . Or do you think that a border tax could still li
In asia stocks fell in japan. The index down half of a to big investors in the bar blasting the company. The investors calling the culture at huber toxic. After person posting the profits. There also reporting numbers from jcpenneys this morning. Gonzaga tramples in san diego. We will have highlights for you. Its 501 a. M. Here in new york. Welcome. Here is the a latest breaking news. President trump is set to address the annual conservative action conference. He will be the first republican to do so. We will be bringing you his comments live starting at 10 00 eastern. Let me assure you americas obama care nightmare is about to end. Despite the best efforts. The American People know better. Obama care has failed. Talk about your fake news get all the promises liberals made about obama care. President trump is now giving a very public boost to the border adjustment tax. The controversial proposal he once called to complicate it could complicated could lead to more jobs here in the u. S.