General motors negotiations resuming next hour. The strike coming as gm faces declining sales and is closing plants with uaw leadership while facing an fbi corruption probe. Have news on vaping, opioids and chinas economy as well but im david asman in for stuart today. Good monday morning with varney co. Start right now. David lets get right to oil. Studies have shut down 5 of the production after two drone attacks. West texas crude and brent crude surging on that news over 10 . Here are dow components exxon and chevron free markets. They are unchanged but those situations could change dramatically when you have the opening bell. Stocks are a big along with the entire Energy Sector of the orbit here is President Trumps latest tweet on the subject because we have done so well with energy over the last few years, thank you mr. President , we are a Net Energy Exporter and now the Number One Energy producer in the world and we dont need middle eastern oil and gas and in fact, we have very
Ready to go. The Halftime Report starts right now. It is great to have you with us on this wednesday our Investment Committee today, joe terranova, jon and pete najarian, carrie firestone, kevin oleary, and also with us on set, Kathy Entwistle weve got a full house of advice today. Stocks on track to recover their losses from last week. Being driven by strong earnings from target and lowes target hitting alltime highs topping 100 bucks for the first time ever. Do we continue to bet on this consumer, carrie are there enough unknowns in the back half of the year to make you cautious its a great question and what the market has been telling you for the last year is that its a battle its a tugofwar between deal or no deal recession or no recession. Interest rates up or down. And do we put the money in the mattress or the market this week its the market. So if you have earnings growth, which weve been seeing this quarter, and the consumer is strong, people forget that we dont have a trade d
We should posit in the past they made similar promises much like my diet overtures they dont pan out. Maybe this will. Well keep an eye on that. Democratic pollster doug schoen with us and Nicole Nikpour and charles payne. Were setting stage for talks later on that theyre going to try to commit to buying more agricultural items. They committed to that before. They have, they have, but if you think in the last week or so there have been these tiny olive branches. Hong kong, forget about the extradition thing. They acknowledge they will meet in october. That is one of the things that helped, this morning overnight, they have safe, they removed quotas that limited foreign funds going into that country and of course we have all the Economic Data that has been coming out of from their ppi number, the lowest in three years. Trade numbers down significantly. Even on baidu, their version of google, searches for travel dropped 12 . Many tie that Migrant Workers who work in factories are not goi
Im Melissa Francis this is after the bell. There we go. S p 500 ending in negative territory. Both down 3 on the day. Fox Business Team coverage. Gerri willis is on the floor of the new york stock exchange. Edward lawrence where a lot of action was in jackson hole, wyoming where fed chief Jerome Powell was speaking earlier. Phil flynn watching action in oil and gold from the the cme. Hillary vaughn is at the white house. Well start with you. Reporter white house trade advisor Peter Navarro was on fox business this morning. He said that china continues to pay the price in this trade fight but he also said later on fox news that we have more bullets in our gun than they do. He says china exports over 600 billion to the u. S. We export about 100 billion. So he thinks that the u. S. Still is on top even though china has taken new action against u. S. Products going into their country. The president though on twitter promising to respond to this sometime this afternoon. We havent heard any
Right now. Its great to have you with us on this thursday. Our Investment Committee stocks giving up big gains the dow is up more than 185 points earlier in the session. The feds front and center. Policy makers are gathering as we speak if jacksonville Steve Liesman is there, speaking with philly fed harker his comments really impacted the markets here. Reporter yeah. I think maybe the key is this. That harker is not a hawk but his talk or his answers to my questions were somewhat hawkish. Heres what he said when i asked him, you know, where should rates be where should they go ididnt think the cut was appropriate, necessarily, but i went along to it to get back to neutral. But im on hold right now. My forecast is hold where we are for exact one of the reasons is that that i think we run the risk of creating too much leverage in the economy. Reporter that comes against the backdrop of course harker did not want to raise rates in december now hes okay with where rates are right now. And