Selling nba products. A stark warning from beijing, stay out of chinas sovereignty. Keep your mouth shut. Theres action on the trade front. The u. S. Has blacklisted 28 companies which are accused of helping in the repression of uighur muslims in western china. The Foreign Ministry there is considering retaliation. High level talks resume in washington this week, now with a more threatening backdrop. Its another day when the market reacts to headlines. Investors clearly worried again about china trade. The white house is also looking at limiting chinese stocks in u. S. Government Pension Funds. Now, were looking at a significant drop at the opening bell. The dow is off about 170, s p down 17, big drop for the nasdaq, down about 40 to 50 points. Heres what we have. Free speech threatened, American Business threatened, china playing hardball defense as it faces challenges from all sides. Varney company is about to begin. Stuart china trade, deputy level talks start today ahead of the hig
A new special relationship, boris and trump, perfect together, maybe. Well see. Investors like it. Stock prices jumped when the brexit news came through. We backed off a little since, but the dow is still going to open up about 70 points, up 9 for the s p and up, what, 34 for the nasdaq. The market clearly ignoring the really toxic politics so clearly on display in washington, d. C. Ive got two stocks to focus on today. New tech netflix, old tech, ibm. They are going in opposite directions. Start with netflix. We were told they had to sign up seven million new subscribers. Well, they didnt. They missed. Yet the stock is going straight up. My point here is, beware the expectations game. Ibm, going straight down. Their turnaround is not going well. We will ask if this is the time for new leadership. On the calendar this morning, President Trump leaves d. C. , heads for texas. Hes leaving the place where nothing gets done and where impeachment is an obsession, and hes going to a place whe
Faces as well. There is also going to be, it is clear, a lot of communications between the u. S. And chinese negotiators here in the upcoming weeks as President Trump said this could take three, four, five weeks, maybe until the apec conference middle of next month to get quoteunquote, papered. Earlier today i asked treasury secretary Steve Mnuchin what a mode rap might look like over the upcoming months and this was his response. The current plan there will be deputy level calls this week. Principal level calls next week between ambassador lighthizer and myself and the vice premier. Those are things that are planned. I wouldnt be surprised if there is deputy level meet national person. I think our expectation well meet with the vice premier in chile before the president s meet if there is any final issues. If we need to have inperson meetings more inperson meetings to get this done, obviously well do that. Reporter the details within phase one have yet to be produced. Mnuchin says the
The two largest economieses prepare for high level trade talks. Adam silver is standing his ground refusing to apologize for a general managers tweet about a protest in hong kong but will his decision backfire on the global brand . Tracking space. Nasa confirming a group of astronauts are expected to fly past earth at incredible speeds. We will talk to astrophysicist Neil Degrasse tyson about this looming phenomenon this hour. Connell wow. Now were talking. Fox Business Team coverage of this market selloff. Edward lawrence, busy day as usual following trade in d. C. Gerri willis on the floor of the New York Stock Exchange with all the back and forth and blake burman at the white house as well. Edward, on that trade beat, the trade restrictions seemed to help the market or hurt the market. Lets start with you. Reporter it help the market turn down a little bit further. Today and tomorrow or today and yesterday, two days of deputy level talks concluded and the real talks will happen thur
Not, i believe i am only candidate who the say to corporate elite, enough with your greed and your corruption. David gary, is demonizing capitalism going to resonate with voters. It has worked so well in caracas so lets do it here. If Elizabeth Warren is a capitalist, im the point guard for the knicks, we then get Bernie Sanders calling himself a democratic socialist, but there nothing democratic about being socialist this is all aother a, authoritarian, this is amazing to watch, we have a system brought provepity poverty in ri, people who started at walmart at Cash Register are now managers making a hundred thousand a year, these people they just hate wealth and success, they spend their days putting it down as corrupt. It their biggest enemy, it willl not sell, trump has to be laughing. I agree america is built on capitalism but it seems to resonate there is a major divide with wealth and inequality, polls have showed over past several decade, you pitch taxing wealth thats resonates