Lost trillions of dollars to china. We dont need china. We would be far better off without them. President blasting the country for stealing from the u. S. For decades. He is now ordering companies to do business somewhere else. The president tweeting this. Our Great American companies are hereby ordered to immediate start looking for an alternative to china. The president continuing his crackdown on china over illegal fentanyl being funneled into the u. S. Ordering Companies Like fedex, ups, amazon, and the u. S. Postal service to root out illegal fentanyl being sent through their services. Trump saying this, they need to search for and refuse any fentanyl delivers. The president also said president xi of china promised to stop the drug flow but did not follow through on that. So, while President Trump continues to unload on china he is also promising retribution for the retaliatory tariffs. But his tray advisor, Peter Navarro struck a different tune on fox business earlier today sayi
Dow fell about 150 points as President Trump says this morning theres no trade deal with china just yet. Shares of p g, Procter Gamble, up 4 after its Earnings Report. This is a record high for this stock. Well have much hoar on that later on thank you very much with the dow just above 27,000, the president this morning saying we would be 10,000 points higher at 37,000 on the dow if not for the feds actions. So with 24 hours to go until the fed decision, we know the president would give jay powell an f for his performance as fed chair, but how did chair powell do in the cnbc fed survey . Mr. Liesman knows. Steve. Yeah, im not doing the grading. Our panelists. About 40 or so economists and fund mangers in the survey, giving powell a bminus. You can see how this compares with the final grade of yellen, a bplus, and bernanke at a straight b and you know what, powell had to navigate hikingerates and then going to hold and then going to what looks like a cutting modality here, mode for the
Return to growth. Results expected to confirm a 60 drop in operating profit rate and south korea Industrial Production for the month of june, when it comes to the seasonally adjusted monthtomonth we are seeing growth of 0. 2 . But still growth recovery from the contraction we saw in the previous. Estimates ofssing growth of 0. 3 . The number for may has been revised to a smaller concoction that it was thought initially, to a contraction of 1. 3 from a. Yearonyear, it is a bigger contraction than expected, a contraction of 2. 9 . The estimate was for a fall of 2 . It would mark the second consecutive month that the year on year gauge is in contraction for factory outputs and south korea. So both numbers missing estimates. The bigger fall is on the ronyear number from 2. 9 of 2. 0 . A down cycle in the Semiconductor Sector weighing on the economy. We are getting export numbers later in the week. That is also expected to contract for eight consecutive months. Already the first 20 days of
Here it is. Because of the faulty [ inaudible ] we have going for us at the federal reserve, we pay much more than other countries. In other words, our interest costs are much higher than other countries when they should be lower. Correct. All right. Thats where the president stands on the fed. 2020 democrat candidate liz warren going after wall street once again, this time shes also slamming private equity firms blaming them for the closures of toys r us, sears and other retailers. Hows this for irony . Campaign workers for Bernie Sanders say theyre not getting paid enough money. Theyre demanding 15 an hour. Of course, remember, bernie is one of the biggest proponents of raising the minimum wage. And by the way, we have astronaut scott kelly on the show this hour to talk about the new chevy corvette. He compares the cars engine to a rocket. Oh, yeah. Weve got a rocketfueled jampacked hour ahead including lara trump right here in the studio. Varney Company Begins right now. In fact, we
Opportunity to expand. How do we accomplish that . How do i take care of my family . How do i invest in this city, when i cant even invest in my own home. Thank you. Thank you. Next speaker, please. Hi, im jennifer fever with the San Francisco tenants union. So the easiest way to protect tenants and affordable rents to keep them housed in the first place. Its been a very frustrating few years for us. Weve had a bunch of tenants come to us worried about losing their homes during extensive renovations. So we started experimenting with filing d. R. S and weve learned a lot about the Planning Department and their process. Most surprising to me the planning staff had no directive to consider how permits affect existing tenants. The planning code is written so narrowly, they can claim to have hamstrung rather than considering humans in their plans. Tenants are 65 of the population. We should matter. I challenge the architects in this room to hold the public forum about their role in our disp