Bigger worry the back and forth right now on china and whether we really are going to remove those tariffs at 165 billion worth of goods from china that are supposed to take effect on december 15th, now, again, weve gotten mix reads out of that so we really dont know for sure but just a hint of that, it was coming coming from china that they were optimistic that that would be the case, we dont know where the president stands on this, all of this on the same day we had democrats announcing arms articles of impeachment against the president of the United States. Edward lawrence sorting out with the markets, sir. Watching what youre saying, neil, with the announcement from nancy pelosi and heads of 8 committees that negotiate on the democrats side, they were trying to take credit here for usmca, at one point in the News Conference House Speaker says thousand anonstarter deal that she got and turned into a deal thats good standard for all trade deals across the board, the white house pushi
The wall street journal calculates that icahn will make 400 million if hes right. More on that in a moment. Lets get to the market. Down yesterday, and probably opening a little lower this morning. President trump says if china doesnt make a trade deal, he might raise tariffs even more. He also said hes very happy with china because the treasury has taken in almost 100 billion from tariffs. All right. The dow is going to open down about 80, s p down about 9, nasdaq down about 32. But all of them still right at record highs. In a couple of hours, really big meeting in texas. Apple meets the president. Tim cook meets donald trump. This is at the new mac pro factory in austin. Pivotal meeting. Its about building apple products in america. Its about tariffs on apple products. Its about china trade negotiations. It is a big deal meeting. Just as important, what will the president say to reporters when he leaves the white house . We will certainly tell you. Varney company is about to begin.
That were sure of. Fox team coverage. A lot going on, gerri willis on floor of new york stock exchange. Edward lawrence at President Trumps speech at the Economic Club of new york. Christina partsinevelos in the newsroom. Edward we start with you in new york. Reporter connell, President Donald Trump taking credit for the booming economy. He says deregulation and tax policies that created in economic expansion. He calls the greatest economic recovery in u. S. History. Now within that, the president says that his economy is booming despite the fact that he says that the Federal Reserve raised rates too fast and is cutting them too slow. The president also taking on leveling the trade playing field. He is unapologetic how he is doing that. With tariffs and power of the u. S. Economy. Listen. My goal to ensure that this power works for americas favor and for americas workers and for americas companies. We want the incentives created by our tax trade, regulatory and Energy Policies to be pr
Well. President trump will make his way to austin, he will tour mac pro manufacturing facility with tim cook. Impeachment hearings in washington, was billed as the most crucial day. The morning session many ways appeared to live up to that billing. Ambassador to the European Union, Gordon Sondland retreed new details about dealings with ukraine. President trump reacted to all of that. Blake burman was on the lawn of the white house. He joins us from the north lawn with the very latest, blake. Reporter what a morning in washington. Started with explosive testimony from Gordon Sondland, current ambassador to the European Union up on capitol hill as part of the impeachment hearing. Son land in his written testimony today he laid out an entire section he described in his words a quid pro quo. According to sondland in order for the newlyelected ukrainian president Vladmir Zelensky to have a meeting with President Trump, ukraine had to announce it would have investigations into the 2016 serv
Slowing Global Growth. There were a couple of officials felt it was a close call. Besides casey, president esther george, and bostons rosengren, appears those two were only dissenters. They were in favor of a rate cut last meeting. Several thought cutting rate would better align the fed fund rate with the yield curve. Officials saw trade tensions easing somewhat last meeting, they still view trade tensions, slowing Global Growth as prominent risks to the outlook. They are monitoring those carefully. They expect to continue to weighing on manufacturing, Business Investment. Theyre watching to see whether that spills into the job market and whether that can hurt consumer spending. Speaking of the job market. There was robust discussion on that. Officials were talking about whether the pace and slowdown of the job market is a sort of a natural occurrence that could relate to full employment or whether it is because there is a loss in momentum. Also on a note, very interestingly, fed Offic