Now. We are at session highs however modest they may be the dow wiping out early losses after white house economic advisers wraps up expectations dont look now, the russell 2000 has entered a death cross well have more on what that is, what it means later, kelly, this hour sounds scary. Lets get more on todays big intraday turn around from bob who is watching the action at the New York Stock Exchange. China trade talk moving the market you heard about mr. Kudlow speaking early one of the comments he made, delisting chinese economy not on the table. A bit lart on, this moved the market more importantly here chinese is ready to do a deal on the parts of the negotiations both sides agree upon. This is part of that 80 deal that we have been talking about for many months. Not only did u. S. Stocks move, chinese stocks move to predictably u. S. Cyclical groups moved into positive territory. Serks mis were negative, materials, industrials, banks. Yields moved up. This 80 deal we keep talk abo
Tonight to gain support in a state he barely lost in 2016. Well bring you any breaking comment from the president on china trade and Everything Else, if and when he stops and talks to reporters on the white house south lawn. Millions in the dark in california. Power outages extending for a second day. The reason behind what seems like a drastic measure. Maybe if there is a better solution. A new red flag for Social Security. The new numbers that have critics sounding the alarm. Melissa fox Business Team coverage. Edward lawrence at the office of the u. S. Trade representative in washington. Gerri willis on the floor of the new york stock exchange. Lets kick it off with edward. Reporter melissa, im looking over my shoulder any minute that door will open. Treasury secretary Steve Mnuchin has come out of there already. Appears the talks are wrapping up for the day. There is a lot of movement, the Chinese Trade Team will be leaving here. This is this round of facetoface talks, both in mara
There was much confusion this week about u. S. Policy toward kurdish allies in syria and to nato member turkey. President trump seemed to make a major policy shift by saying the u. S. Would authorize Turkish Military action over the border but later appeared to backpedal. We have more with two guests. Last year, there was the issue of the pastor held by the turks. The turkish economy went into a tailspin on the back of american pressure. This is a serious threat. The key to me is what is offlimits . In the previous statement from the white house, it seemed pretty clear that the u. S. Was saying we are not going to stand in the way of the turkish government doing what they want to do in northern syria. And now, he is saying yes, but if they do anything offlimits i have a difficult time interpreting what that may be. It seems that in the u. S. , trumps own allies in Congress Went up and said, hang on, these allies are key in the fight against the Islamic State, and the Islamic State is n
She is keeping an open mind. We go to wellington for an rbnz conference. Mary, thanks for joining us. Will the fomc cut next month you next month . Figures too early to that out but a meeting is in three or four weeks and i am actively considering all possibilities, thinking about the Global Economy, the domestic economy and numbers on inflation for the u. S. What is there in the data you see right now that would warrant an Interest Rate cut especially the domestic data you are receiving . Right now, we see a domestic economy that is really solid. We have strong Consumer Spending, consumer confidence. Umbers came out good, healthy the weakness we are seeing is in business investment. It is weighed down by global slowdown and the considerable uncertainty we face for many reasons. Im looking carefully at this disinvestment, talking to Business Contact us, finding out their plans Going Forward and seeing if the economy needs additional stimulus to achieve our dual mandate goal, full emplo
And out of beijing. Edward lawrence with the latest. Reporter china added two more items, at least two more items from the exemption list for tariffs. That would be soybeans and also pork. The u. S. , this would fit in line with a purchase that was confirmed by the u. S. Department of agriculture today of soybeans by china and chinese companies, possibly in the future. We could see more pork bought from u. S. Farmers. Now the President Trump says that he exist as Large Purchase from u. S. Farmers by china. The president also adding to the confusion about an interim deal that has been floated. Now yesterday the president coming out saying that he would consider it but then in the same breadth the president came back, said, quote i would rather get the whole deal done. U. S. Trade representative robert light highser is working on the whole deal now. In fact the deputy level trade Delegation Team from china will be in the United States next week to have meetings there to set up a meeting