We have very weak inflation data. Euro is down versus the dollar. The pound is down versus the dollar. The dollar is strengthening and that will weigh on market sentiment. We had the biggest by germany today in at least six years. Increasing, it will be interesting how the market digests it. It comes back to this argument ultimatelyirus and you have to make a choice on that you position yourself to one of the other when it comes to the bond market. In, you kind of layer there are still trade war is happening whether it is exit or china brexit. Robert lighthizer has been speaking to the house ways and means committee. He addressed the deal between u. S. And china. It is a complicated relationship. It has gotten more complicated because of actions they have taken weaselly. Billionin place 370 worth of tariffs. I think it is a really good agreement for the u. S. And we expect it to be honored. Alix joining us for more is the National Foreign trade Council President and former Deputy Direc
Moreid things were much complicated because of the chinese. He also said the phase one deal on trade was a strong agreement. He expected to be implemented. Is he right. Is a good agreement . Us i am not sure it will be implemented. The world has changed a lot. U. S. China relations have changed quite a bit. Frayed, given that large tariffs have been imposed on china, and the campaign rhetoric, which is very , some of itst china very valid, like the actions in hong kong. On top of that, covid19 came along, which has made it difficult for china to implement this part of the trade agreement. It promised to buy 200 billion worth of products, agriculture, manufacture products and Financial Services and also opened up Financial Services. Is throwing the chinese economy as well as our economy for a loop. China will not be able to live up to its end of the deal. Onna wants to keep relations solid footing. That is part of why they have invited the secretary of state pompeo to meet with their to
A step in the right direction. Whatever your cup of tea. Were following reaction about the Senate Republican plan to Reform Police departments across the country, without getting too involved how they go about daytoday business. That is source of criticism for democrats saying they dont go nearly far enough. Hillary vaughn, back and forth on this out of washington. Hey, hillary. Reporter congress has dueling bills that address Police Brutality while the house is marking up their reform package that republicans in the senate today, introducing their response. Senator tim scott leading the effort today, saying his proposal goes hand in hand with the president s executive order he announced yesterday. Too often were having a discussion in this nation about, are you supporting the Law Enforcement community or are you supporting communities of color this is a false binary choice. The answer to the question of which side do you support, its i support america. Reporter to strike a balance bet
Of a point, call that flat. The gains in the techheavy nasdaq are way more interesting in this final hour because they come about an hour and a half after the department of justice hoisted a sword of damocles over the social media sector. The doj has proposed new legislation that would make Silicon Valley giants from twitter to facebook to google liable for content thats posted online that violates federal law. Our floor show traders are here to tell us if doj danger is now the cue for you to take your tech profits and run. The Housing Market in full bloom as States Reopen and wouldbe homeowners resume their quest to fulfill part of the american dream. The ceo of mortgage Lending Software giant reveals what hes seeing in the Mortgage Market as rates remain at historic lows. Time to refi . Well ask. General motors flips the script from making cars to transmissions to medical supplies needed to fight the coronavirus pandemic. How about that. Well, the chief engineer running gms productio
You can describe it, connell. John bolton, the former National Security advisor for President Trump, his book is set to be due out on tuesday and an excerpt has been published, wall street journal, other outlets i believe as it relates to President Trumps meetings with president xi facetoface when it came to hammering out the trade deal between the two countries and it raises some serious questions about those oneonone interactions. In a passage just posted to the wall street journal, bolton writes, in his book, the following, he says, quote, trump then stunningly turned conversation to the coming u. S. President ial election alluding to chinas economic capability and pleading with xi to insure hed win, he, the president , stressed importance of farmers and increased purchases of chinese soybeans and wheat in the electoral outcome. I would print trumps exact words, bolton writes but the government prepublication review process decided otherwise. On the last sentence, department of just