That house, that exact same house, would sell today for 1. 4 million, perhaps more. We have created this lack of affordability, and we need to do something about it. You, today, have that opportunity to do something, by approving this project. You could not be looking at a more appropriate project. The site is currently occupied by a genuinely on pre, sit and significance suburban office of his building which should have never been constructed in a residential neighborhood. It is a great place to put housing. You also have an excellent sponsor. I am personally and professionally up acquainted with the sponsor. He and i worked together, many years ago, when he was starting his career. We worked for a Company Whose job was to invest on behalf of pension funds, including the pension fund and the city and county of San Francisco. Due to their enlightened leadership in our hard work, we made a lot of money for that pension fund. Your retirees are more financially secure, as a result of our
China promises a set of tariffs. Jay powell declining to signal more easy Monetary Policy. The yield curve inverting yet again. How will business respond . How will it impact the economy more importantly, what does it mean for the market and investors . And then a news making interview you cannot miss. Federal reserve vice chairman Richard Clarida from jackson hole we are covering the angles with the team of reporters as always. Elan, first to you on the china fears which appear to be trumping the fed speak today. Nice, sara. We are waiting to see if President Trump will make a statement on those latest trade tensions with china and the new 75 billion in retaliatory tariffs that were announced this morning. We know there was a meeting at the white house earlier today with mnuchin, kudlow, navarro and lighthizer and President Trump did tweet that he would issue a response this afternoon. He then went on to order American Companies to look for alternatives to china including bringing bus
[booing] reporter why the tariffs against china now and are you worried about the dow today . Pres. Trump no. People dont understand quite yet about whats happened. Weve taxed china on 300 billion worth of goods and products being sold into our country. And china eats it because they have to pay it because what they do is they devalue their money their currency and they push money out. Our people havent paid as you them we are also charging to a 5 on 250 billion. Were taking in many billions of dollars. Theres been absolutely no inflation currency and push and it has not cost our consumer anything. It costs china. What has happened is a lot of countries are moving out of china so they can avoid china has this is their worst year in 27 years according to yesterdays wall street journal. I dont want that but when my people came home they said were talking, we have another meeting in early september. I said thats fine. But in the meantime until such time as this well be taxing them and wer
Two dozen hopefuls qualified so far. The Democratic National committee has doubled the requirements to reach the stage. Seek donations for individuals in 20 states. They also must seek to percent in party polls. The United States finalizing what he describes as trade negotiations with china. He made the comments at a joint press conference in bangkok. Resolving the ongoing tariff war in trade technology between the two nations. Discussed tensions with north korea which have escalated following reports pyeongchang announced progress in missile tests conducted over the last week. Pompeo told reporters the United States stands ready to do with our diplomatic conversation with north koreans. It was like that when i have the opportunity to do that while here in bangkok. We are ready to go. Well chairman kim will deploy the team so we can achieve with two leaders chairman supervised the first of new multiple rocket want a system that could potentially enhance its ability to strike targets an
The comment president making now are on the south lawn of the white house, as you look at the white house live in washington. He is making them now. You know how this works by now. Once he is finished well get the tape playback from the president with the breaking news at this hour. Jackie meantime fox Business Team coverage from washington to wall street. Blake burman at the white house, Deirdre Bolton on the floor of the new york stock exchange, phil flynn watching all of the action in oil. Big day at the cme were going to start with blake. Reporter let me try to walk you through the beginning of how everything started at the white house today that led us to where we are. Earlier today the president had a meeting with his trade team, the folks who were in China Shanghai negotiating with china facetoface for the First Time Since may. Members of his tray team, members of the Economic Team as well briefing the president. After that meeting, at least at the end of that meeting we got a t