Friday, an incredibly strong job market and an economy. Maria bingo. Dagen i want to point out, there was a Consumer Sentiment report that came out from the university of michigan on friday, seven month high on Consumer Sentiment. Virtually none of the respondents, zero, or 1 of the respondents mentioned impeachment. You have wages that are growing in the november report for production and nonsupervisory workers, the growth in wages was near a post recession high, up 3. 7 . Thats higher than the overall growth rate of 3 . What does that mean . It means that income inequality is shrinking in this country. Thats what people feel. Thats what if anybody you talk to, theyre not talking about impeachment, theyre not talking about oh, what did trump say and wringing their hands about that. They know they can get a better job, they know they can get higher wages. Maria thats absolutely right. Dagen theres safety and security in their finances. Thats what matters. Maria incomeen equality, ive b
China. Facebook falling. A new report says the social media giant is no longer one of the best places to work. And a strike again. Yankees inking the largest contract again for a Major League Pitcher all of this as Worldwide Exchange begins right now good morning and welcome to the show im dominic chu in for Brian Sullivan trying to snap a twoday losing streak all remain negative so far the dow would open up just about four points, the s p about one point and the nasdaq about seven points pointing to the big fed decision later today. We are seeing some signs here, movement there to the down side 1. 86 . 10year note deals, twoyear note deals ahead there you can see the major board says hang seng up, shanghai compositity up and the kospi about flat for japan in european trade, german dax up 0. 10 . The cac off about a quarter a percent as ftse 100 around flat as well. So the faa is reportedly creating a new Safety Branch to address gaps in their oversight. The faa has come scrutiny for a
Word that the Trump Administration has completed a phase one drug deal with china. Thats calls for pushing back on tariffs on chinese goods. 50 billion in exports scheduled to kick in sunday. Well find out if that is the case. Michael pillsbury is here to join us on all of this. Wall streets vote is already in. The dow surging ahead 225 points, and the s p 500 up 26 points. The nasdaqs 117th close in the trump era. Two principle aspects to the trade agreement reached between china and the United States. Economically what benefits each country. What does each give up and what will rehave as a result in balanced reciprocal trade and politically what are the up reply cases for u. S. National security . With us tonight to take up all of that, dr. Michael pillsbury, hes director of the center for chinese strategy at the hudson institute. Good to have you with us. This is an extraordinary step forward. It is, however, still clearly unformed. What are your thoughts . I think its a tremendous
Changing views on marriage and sexuality. Many, many other challenges too. During these and other periods of stress, especially over the last few centuries some have thought and argued the Catholic Church might become irrelevant. Disappear into the dust of history. My guess is says instead of being overwhelmed by modern times come the churches not only survived as it clearly has, but is actually key agent of change for the whole world. He is george whiteoak, catholic scholar and distinguished fellow with ethics policy centerpiece also wrote more than two dozen books and closing his latest the irony of catholic history how the church rediscovered itself and challenge the modern world to reform. George thank you for being here. Lets start with the book and pick this up right with the title. Whats ironic about the church, the churchs response. Whats ironic about it jerry, is a relationship that started with a lot of mutual head knocking. Vote tear, crying, crush the infini, folks hurling
Backdrop for good couple years. Only now are we seeing it pop up. Am i missing something in the president s poll numbers . I think youre right, neil. Always been there. The economy is in good shape, right . Not spectacular shape as many some of the president s defenders would say. It is in good shape. Unemployment seen recently down 50year low. Market likes it. That is a pretty good backdrop from president running for reelection. I think what making it particularly powerful for him, he is up against candidates of a party seems not to just be replacing the president , seems, democrats have been going through this process, talking about replacing nature of the u. S. Economy. They are proposing many of them, pretty radical transformation. Some more radical than others to be tear. Medicare for all, wealth tax, significant regulation. Neil least among them has dramatic plans to raise revenue. Were talking even in joe bidens case, 3. 2, 3. 4 trillion over 10 years. So the challenge i think f