Today. A key meeting set to take place at the white house in this hour. Can President Trump seal a deal even if its just a skinny bundle kayla is in d. C. With the latest on the talks b. Before that 2 45 p. M. Meeting between President Trump and the vice premier of china the treasury secretary and the trade representtich are going to be briefing the president to tell him what transpired between two days of what treasury secretary says were productive negotiations a couple of blocks away with china. Whoa expect there will be some announcement secretary mnuchin confirmed there would be there needs to be a decision on what those are a source stels tells me preside jinping needs to be what is decided as well. We await those developments. Secretary mnuchin just briefing moments ago. He was asked about the optimism regarding china trade talks in the market right now, especially on the back of headlines that there could be a partial deal coming heres how the treasury secretary responded. The
To leave and try to help you the best i can general paxton from texas. Thank you all for being here. Pretty remarkable day. I never thought id be standing in front of this many cameras in front of the u. S. Supreme court. Thank you for being here i want to thank my fellow ags. We have 50 attorneys generals from across the nation who are involved in this investigation that were leading from texas. I cant tell you much i appreciate their support and interest were witnessing the press concerns just beg conference just beginning with 30 or many state attorneys general are gathering. Lets get some insight from our tech panel and what to expect and the stocks impact. Stephanie miller is cofounder brett, im curious in terms of what youre expecting from this, if anything in terms of a policy implication. Its priced into the stock what is priced into the stock in your view . We look at the activity over the last year of the regulatory overhang and google is up 16 here today stocks barely budge
And welcome to power lunch on this monday im melissa lee. Wall street in a Holding Pattern ahead of the fed stocks carrying out modest gains. Nasdaq the biggest winner at this hour. Communications services specifically, the best performing sector, led by facebook, netflix. We have much more on netflix ahead. Its all about the fed this week policymakers getting ready to meet tomorrow. A decision on Interest Rates set for wednesday followed by chairman powells News Conference Steve Liesman is here with more on what investors should be bracing for. The period of the feds patience could be coming to a quick close. The word first appeared in the january statement and was taken as it was on hold. Now patience is not long for the feds statement. We expect the statement to drop the word patient, which implicitly implies a hike, and albeit with noncommittal language heres are the probabilities we have been following. Still something of a bid on a rate cut this month. I guess you guys are going
A lot of minerals and the kind of things that we like and i can see trade going out with russia we could do fantastically well we do very little trade with russia which is ridiculous frankly so i could see some very positive things happen here but as per your question though i did say it and i did discuss it a little bit after that. Yesterday former president jimmy carter suggested that your presidency is illegitimate and that you only got the white house with help from russia russia actually russians are shia isnt it crazy ok jimmy carter look. Hes a nice man he was a terrible president hes a democrat and its a typical talking point hes loyal to the democrats and i guess you should be. But as everybody now understands i won not because of russia not because of anybody but myself i went out i campaigned better smarter harder than Hillary Clinton i went to wisconsin i went to michigan the night of the vote i had 32000 people at 1 oclock in the morning on election day. I won michigan i w
Hurricane status. The National Hurricane center said the storm will likely cause catastrophic and lifethreatening flooding in the region. And in parts of the southwest United States through monday. Southern california its already impacting millions of people there. To make matters worse a 5. 1 magnitude earthquake also in Southern California earlier today. As of now there have not been any reports of damage or injuries. In historic rainfall and reports of flooding and Power Outages are already happening in the area. Like you see here in palm springs, california. According to the National Weather service the city has seen 2. 6 inches of rain since midnight in record high for the date. Mexico seen the worst flooding so far in places like santa rosa liana, one person drowned yesterday with his vehicle when it was swept away. Storms expected to be the first Tropical Storm in Southern California and 84 years. Were gonna be following all that for you and bring you updates if we have them thr