Apple. Be that as it may, the s p is falling for the fifth straight day. Again it is on track for its biggest loss since going back to december. The 10year note, which is a good barometer how people are feeling, if you are nervous, park your money in notes and bonds, people are doing that, these are the lowest yields in the better part of three years. Were keeping an eye on that, keeping an eye on other things were waiting for. President might comment on that or all the above. He wants to up the trade ante. The latest besides affecting tariffs virtually on everything we get with china, he is talking increasingly now it starts at 10 with the remaining goods. It could go up still further. As stuart was pointing out. A lot of other goods and services were talking aabout could easily ratchet and move in different directions. Well keep an eye on that. Also keep an eye on what has been happening on the Precious Metals front. Gold, for example, getting a lot of buying interest, a little less
Hillary vaughn. Reporter source familiar with Republican Leadership in congress, says it is bestofthree really bad options they had. It is what they wanted to do, put the budget drama on the backburner for the next two years. Here is the deal House Speaker nancy pelosi worked out with the white house. Raise spending caps by 320 billion, including 22 billion for defense and 27 billion for Discretionary Spending. All that comes at a cost. The committee for a responsible federal budget blast its price tag, estimating the two Year Agreement could add 1. 7 trillion to the national debt. White house Economic Advisor this morning admitting the republicans didnt get to rein in spending as much as they would have liked. We never get spending restraint we like to get but i must say in the difficult atmosphere today, one of the key things that Steve Mnuchin, treasury secretary Steve Mnuchin, we got a two year extension on the debt limit. There is no threat to the credit standing. By the way in te
In the u. S. There is a pileon as well. Stocks are close to records. The president is to have a rally and brag about the records. There is still the tweet fallout that the white house has to dial. We have blake burman. Reporter this will resume this evening in greenville, North Carolina, where President Trump hits the road to later tonight for a Campaign Rally there. The president saying earlier today, he will talk about the economy. He will talk about the stock market. But he also tweeted the following saying i will also talk about the people who love and hate our country, mostly love. Of course the president ing to these four Democratic Congresswoman who have been embroiled in this back and forth feud with the tweets and comments he subsequently made. Democrats call the president s tweets an comment racist. Republicans are trying to turn the attention to the policies and controversial comments that some of these congresswoman have made in the past, coming to the defense of the presid
Lets get going. 195 million, close to 200 million under heat watches or warnings. It could get worse over the next 24 to 48 hours. Jackie deangelis on who stands to be impacted. Hey, jackie. Reporter neil this is the calm before the storm if you will. It is not quite sweltering out here in times square just yet. Temperatures here, across the country, they are going to be at record highs. It is important that everybody is ready for this heat wave. 290 million americans are expected to see temperatures of at least 90 degrees this week. The humidity of course, remember makes it feel much hotter than that. Temperatures in the northeast will be 10 to 15 degrees above average this week. At least two dozen states, they are currently under a heat alert. Here in new york city the Mayors Office issued a extreme heat emergency declaration. It is so severe, that the new york city triathlon actually can sell for the weekend. That is the First Time Since it started in 2001. We caught up with some fo
Term. The chinese are saying that the precondition for the meeting, that the president agreed to, there would be no new tariffs added. President donald trump pushing back on that. Listen. You wont put anymore tariffs on . No, i have not promised that. Good question. No. Reporter seven hours ago the trade delegation for the chinese, the head of that delegation, the chinese vice premier, liu he, was seen going into the hotel where the u. S. Delegation is staying. The two delegations were scheduled to meet ahead of the meeting between President Trump and xi xinping. That first meeting would set up the second meeting. A lot of people are talking about it and it is very interesting and it will hopefully come out well for both countries. Ultimately it will work out. Reporter the chinese are expected to present to President Donald Trump exactly what they would like to have in a trade deal in order to go forward. President xi xinping reportedly will say all u. S. Tariffs have to be rolled back