Morgan brennan, jon fortt at post nine of the New York Stock Exchange record highs all around the board. Dow, s p 500, nasdaq, but well begin with news regarding ford forward looks to do apples to apples with tesla. Elon musk tweeting a response, quote, bring it on and calling into question the physics behind musks video of the tesla towing the ford f 150. Is this really where we are . My mom might be watching, i am going to keep it clean, this is a classic measuring contest if ever there was one. Morgan, do you know of any woman watching this tug of war with any kind of great interest mary barra is probably not even watching this. This is classic like testosterone driven man versus man type thing. The nerd truck narrative lives. The truck will be sold to nerds, right . Thats the niche product theyre aiming for i wont call it nerds, but if you look at the numbers, the number two, two top states for electric vehicle registrations, use that as a proxy for tesla, california and new york.
What are you hearing . Reporter this may be moving the market. A roundtable with American Business leaders, current and former chinese fishessals and American Chamber of commerce. Out of the round table there is big differences with the trade relationship with china. One example from the u. S. Side. They say there was no real huge benefit to have this trade relationship with china, having china within the wto. Chinese officials during that roundtable saying no, that is not the case. In fact china, u. S. And world benefited from china being in the wto. Chinese made the case that china entering it benefited everybody. Roundtable officials according to the global times there may be big differences coming up with a trade deal in terms of tariffs you talked about. Global times says chinas precondition to the trade deal would like the trade tariffs rolled back simultaneously. But the negotiators from the u. S. Have not given a positive sons to that our chinese trade sources said china wants
Lets just say the death toll i mean and its something you can really officially comment on but the fact that only 50 people have been confirmed dead but i mean from the devastation youve seen that death toll would surely rise. It really is tragic i mean any death is a tragedy but what were seeing is a lot of families that are wondering where their loved ones are and its going to take time for the authorities to to identify. And learn more about. What may end up being a really tragic that. You are from an aid group working with distributing that id tell me about that because from what ive read and seen its not so much the issue of is there the aid its how do we actually get it out to people because of the infrastructure which has been damaged. The logistical challenges here just staggering im here in freeport and there is no Running Water and many places theres no electricity in most places were seeing long lines at gas stations at petrol stations people are filling up tanks to take bac
Democrat, were willing to accept extraordinary disadvantages to american jobs. Billionaire telling the fed, they are, quote, screwing savers and says donald trump is wrong for his attacks. The president is doing a lot of wrong i wrote down yesterday, i said Consumer Confidence is up, retail confidence is strong, consumer net worth is at record levels, economy is growing at trend. Rbs investors welcome allison rose to become the first female ceo of a major british bank. Sterling hits a twomonth high after they say a brexit deal is possible hes open to a deal that might replace the irish backstop good morning the u. S. Vice president mike pence told cnbc at the alpha conference that President Trump is defending economic interests as they resume trade talks in washington, d. C. Today when it comes to china, it is a whole different ballgame we run 500 billion trade deficits with china and we estimate we lose almost as many in intellectual property theft almost every year. What the presiden
Jobless claims, lowest since april. The president agreeing to a twoweek delay on the tariff pause. Plus, the ecb is launching a new bondbuying program. Could it impact fed Decision Making until the next week and as the democrats get set to debate tonight, Elizabeth Warren propose ago sweeping increase in Social Security benefits financed by taxes on wealth the president delaying the imposition of good will tariffs. All of this coming ahead of planned meetings between the u. S. And china in early october. Earlier on squawk, the treasury secretary described the state of trade between those two countries. Weve had a series of principal level conversations. We have a deputies meeting planned in the next two weeks where the chinese will be coming here and working on material the vice premier coming here at the beginning of october to meet with ambassador lighthouser and myself we look forward to making progress over the next few weeks. Set tariffs could go up, they could go down. Hes lookin