He has testified that he believed that Security Assistance for ukraine was tied to an investigation into the bidens. My clear impression was that the Security Assistance hold was likely intended by the president , either as an expression of dissatisfaction with ukrainians who had not yet agreed to the burismabiden investigation or as an effort to increase pressure on them to do so. Reporter testifying today, fiona hill, former top russia expert on the National Security council. She in part heavily criticized those who feel it was ukraine, not russia who was responsible for meddling in the 2016 president ial election. Back here at the white house, that lunch meeting, neil, we think it will be five or six republican senators involved. Two on the left side of screen there, i guess you could say are interesting ones. Susan collins, mitt romney expected to sit down with the president. At times they have not followed the party line as it relates to maybe agreeing with President Trump. Im tol
Tariffs rolling back in phases as we go forward. A spokesman for the Chinese Commerce Ministry Says if the deal gets made or gets finalized, this would happen. Here is exactly what he says. I want you to hear this. Listen. Translator if the two sides reach a first phase agreement, the already proposed tariffs will be canceled proportionally. This is important part of agreement. Reporter we heard if. We heard in the last minute that was accurate statement, coming out of u. S. Trade sources here, Senior Administration official saying that is an accurate statement. Chinese sources tell us they have been told about it u. S. That the december 15th tariffs will not be imposed. A trade source on the u. S. Side, says if there is deal finalized they do not expect the december 15th extra tariffs to be imposed Going Forward. Separately both sides say idea of a trade deal pushed into december is not part of discussions at this point. Theyre working with a time frame, apec time frame. To have final
America inside of the peach there. He is expected to talk about deregulation, tax cuts, tax incentives, boosted economy to the record recovery what is expected to talk about. 11 years going forward. He is expected to talk about wages are rising. We have low inflation, looking at that, boosting spending. How his policies done that you will hear frustration from democrats. This is, frustration about democrats. This is how the Vice President , chief of staff earlier talked about how democrats are holding back the administration they have not done the things what they promised to do. They problem is to work with the administration to lower drug prices. They promised to work with us on infrastructure and work with us on trade deals. We are anxious to complete the trade deals that keep this economy going. Reporter some excerpts of the speech we obtained. One of the key insights of economic power is incentives. Unlike past leaders the president is expected to say my goal to insure this power
I think its going to be significant, 46,000 or 48,000 but you have the supply chain for gm, all of the construction around gm, so youve got a lot of ancillary folks that have been out of work and manufacturing isnt necessarily what drives the economy, its the consumer primarily and we are a service economy, and even though the numbers might be good, its the manufacturing thats really going tamp down here. Neil john, one one of the thins that im hearing to daniels point, not just 48 to 50,000gm striking workers impacting this but up to 200,000 more in ancillary business suppliers and the rest. What do you think of that . I think the estimate that roughly 75,000 to 80,000 jobs being temporarily lost because of gm strike. Neil okay, so if thats the case and they factored that in, is this just a oneoff, what do you think . A lot of reasons it can be a oneoff, results of slowdown at boeing, census workers who were temporarily hired and maybe are coming off the rolls, a lot of noise in the n
Comprehensive deal beats a partial deal is where the president was going. Down necessarily mean a partial deal is in the offing but at corner of wall and broad they think one is. As i told you many, many times, trade talks, whether they look promising or not indicate the direction of stocks. Better for trade, better for stocks. Worst for trade, worst for stocks. The ministers gather in washington this week to hammer out some sort of an accord or at least a preview of one. Lets not get ahead of our proverbial skis. There are issues weighing on the markets, sped up impeachment battle. The president is handing over his tax returns. There is a appeal in place to prevent that from happening by the one p. M. Deadline. Blake burman from the white house following all of this. On the trade front, if this is true it, would represent a big change in administration policy, right . Reporter as you said, lets not get ahead of our skis here. That is a good way to put it because remember when all of t